One of the biggest hurdles a chief restructuring officer (CRO) faces is persuading stakeholders and employees that changes need to be made, and they need to be made right away. Organizational inertia is the tendency to continue self-defeating behaviors, even when it’s...
When a chief restructuring officer (CRO) begins to analyze what’s ailing a small or medium-sized company, a thorough assessment of the situation must be job #1. Has a key employee or owner retired or passed away? Have sales fallen? Expenses increased? Is there a...
by BOB PRESS The recent bank failures in the U.S., the takeover of Credit Suisse by UBS and the bank-led capital (deposit) infusion into First Republic Bank, may seem disconnected to the millions of small businesses across the country and Western economies....
The old expression that ‘the only constant is change’ is germane to both living organisms and companies. Each continuously goes through changes, whether they be incremental or fundamental. In business situations, we call the process of encouraging, directing, or...
The sudden closure of Silicon Valley Bank (SVB) could have brought about a number of nightmare scenarios for the small to medium-sized enterprises (SME) that counted on them. Not being able to meet payroll threatening the viability of the companies being just one...
There’s an old expression about closing the barn door after the horses have run out that some believe is analogous to the downfall of Silicon Valley Bank. Theirs is a cautionary tale about the importance of balance sheets and reviewing potential areas of exposure before it’s too late.