Strategy and Corporate Performance

Insolvency as a way out of the crisis

Interview with Detlef Specovius, specialist lawyer for insolvency law at Schultze & Braun

When an insolvency administrator comes to the company, it is usually already ablaze. The employees have already noticed weeks or months ago that something is going wrong and fear for their future. But no company gets into insolvency without a reason. Often, performance-related problems have not been eliminated for years.For the insolvency administrator, the task now is to mobilize forces and motivate employees. In order to keep customers satisfied, the quality and delivery reliability must be at least as high as outside the insolvency proceedings. No manufacturer will permanently commission an insolvent company out of pity. This is particularly difficult in production. Here, in particular, experienced interim managers are needed to avoid a high level of sick leave or to prevent acts of sabotage in production.

Strategy and Corporate Performance

Insolvency as a way out of the crisis

When an insolvency administrator comes to the company, it is usually already ablaze. The employees have already noticed weeks or months ago that something is going wrong and fear for their future. But no company gets into insolvency without a reason. Often, performance-related problems have not been eliminated for years.For the insolvency administrator, the task now is to mobilize forces and motivate employees. In order to keep customers satisfied, the quality and delivery reliability must be at least as high as outside the insolvency proceedings. No manufacturer will permanently commission an insolvent company out of pity. This is particularly difficult in production. Here, in particular, experienced interim managers are needed to avoid a high level of sick leave or to prevent acts of sabotage in production.

Strategy and Corporate Performance

The New Demand: Talent Acquisition and Recruiting Today

Distance Leadership and the skills that can now make it easier for managers and remote teams: We recently talked about this with our HR Director Dr. Axel Hermeier. But what are the skills that hiring managers are paying more attention to than ever before? After all, the changes in the world of business and work have opened new job profiles and changed old ones. The focus on the fitting talents seems to have sharpened.

Strategy and Corporate Performance

We do not want to drive a company into insolvency

As one of the world's leading credit insurers, how does Coface assess the impact of the Corona pandemic? Should we be prepared for a major wave of bankruptcies? Was now the right time for the supply chain bailout to expire? What is in store for companies now? We asked Jochen Böhm, Risk Underwriting Director and Member of the Management Board for the Northern Europe region at Coface.

Strategy and Corporate Performance

Green Deal, Supply Chain Act & Co. - a turning point for SMEs

Today's expectations of companies are unprecedented in their social and political dimensions, says our director Wolfram W. Hackbarth. Decision-makers in companies need to act quickly, but with deliberation and a clear concept.

Strategy and Corporate Performance

No small buns: Four success factors for the professional reorganization of bakeries

Baking is en vogue: since the lockdowns, when mainly flour and yeast were sold out in supermarkets, another habit has been established: People are buying more from their friendly baker next door, whereas the bakery-restaurant sector has declined. The "culprit" is the home office and resulting less crowded city centers, train stations and airports. The figures speak a clear language. And the signs? The signs are still clearly pointing to change. What opportunities should bakeries seize now, and how do they succeed in reorganizing operations professionally? Dr. Tim Bauer, Managing Consultant at enomyc, reports on four proven success factors.

Strategy and Corporate Performance

Distance leadership: the skills it needs are now a must for leaders

The pandemic has acted as a catalyst for the implementation of digital processes in companies. Apart from enormous IT purchases and the new learning of digital applications, New Work is becoming more and more pervasive: a structural change in the working world as we knew it before. Remote work and home office: What was otherwise an exception is increasingly becoming mainstream.

Strategy and Corporate Performance

We have had an exhilarating first few months

enomyc last year founded its first foreign subsidiary, enomyc SAS in France. Paris-based Partners Alain Parent and Guillaume Bastien talk about bringing their experience of the corporate world into top consulting, advising an exciting range of international clients, triggering stage three of their start-up’s fast rise into orbit – and wine and beer.

Strategy and Corporate Performance

The expanded role of trade credit insurers

Burkhard Wittgen is a credit insurance specialist and member of the Executive Board at Aon Credit Solutions. In this interview, he talks about the dissolution of the protective shield on June 30, 2021, and the consequences for companies. What should companies do now? Which consulting services are currently more in demand than ever? What does the "average in the Suez Canal" case stand for and why should trade credit insurers urgently create a digital connection to their clients? Learn more!

Restructuring and Reorganization

StaRUG: What entrepreneurs should know now

The German Corporate Stabilization and Restructuring Act, or StaRUG for short, has been in force since the beginning of the year. It enables companies that are not yet insolvent or heavily indebted, but threatened with insolvency, to carry out pre-insolvency restructuring as part of an independently managed process. For many companies, this could well be an increased chance of sustainable and value-retaining restructuring.

Strategie und Corporate Performance

Outdated: The Star Salesman as a Guarantor of Success

What do top performers in marketing and sales do differently than other companies? How do they succeed in generating more sales and margins even under pandemic conditions? The first part of our series of topics focused on the paradigm shift in the procurement behavior of purchasing organizations. Based on discussions with managers from purchasing and sales departments as well as our project work, four central success patterns could be identified across all industries.

Strategy and Corporate Performance

Out of the Crisis with an Improved Cost Position

When a recession of almost historic proportions hit many industries following the financial crisis over 12 years ago, most companies were utterly unprepared. The same happened again to many companies last year. While the beginning of the COVID-19 crisis was marked by pure economic survival instinct, companies are now faced with the challenge of finding the right strategic position to emerge from the crisis. What is important in that context?

Restructuring and Reorganization

What’s keeping you going, Mr. Rabelt?

This year will make it clear just how well banks are able to cope with the consequences of the COVID-19 pandemic. According to some estimates, their most severe stress test since the global banking and financial crisis of 2007 still looms ahead of them. Against this background, we interviewed Holger Rabelt, Managing Director of Commerzbank AG. What does his new position as Divisional Manager for Corporate Reorganization and Restructuring entail? What has been a particularly decisive experience in his career so far? What developments does he expect for the economy and the banking sector and what measures does he recommend for companies and banks in the current situation? Read on to find out more.

Strategy and Corporate Performance

Higher Margin Despite Pandemic?

No foundries would bring everything to a stop: no cars on the roads, no spinning wind turbines or airplanes in the sky. Heating, plumbing, beer tapping would be out of the question and no windows or doors could open without handles. Recycling and upcycling ‒ they too are unthinkable without casting. The foundry industry, however, is also suffering significantly from the effects of the global pandemic. What are the biggest hurdles of the present for the industry and how can companies overcome them?

Restructuring and Reorganization

Final Whistle: How Soccer Clubs Must Now Reposition Themselves

German soccer is limping along. Games yes, but ghost games, meaning no spectators, which results in significantly less money. Even the ratings are falling, and with them the income from TV . "BVB half-year figures: 26 million Euro loss," headlines kicker.de , among others, on February 9. Soccer clubs are facing immense challenges. Turnarounds in an branch that is only used to growth: How does that work? What kind of rethinking needs to take place and what opportunities need to be seized? Read more in the expert interview with Michael Klatt, former CFO and managing director of well-known soccer clubs, and Philipp Piscol, Managing Partner of enomyc.

Digital Strategy

The foundry industry: Under threat of an economic meltdown?

No foundries would bring everything to a stop: no cars on the roads, no spinning wind turbines or airplanes in the sky. Heating, plumbing, beer tapping would be out of the question and no windows or doors could open without handles. Recycling and upcycling ‒ they too are unthinkable without casting. The foundry industry, however, is also suffering significantly from the effects of the global pandemic. What are the biggest hurdles of the present for the industry and how can companies overcome them?

career

COVID-19 Pandemic: Good Times or Bad Times for Applicants?

For our first podcast of the new year, we had an extremely inspiring conversation with Thomas Fuchs. He is the founder, head, and soul of QX-Quarterly Crossing, a globally unique excellence network for experienced and future leaders. Since its establishment in 1995, he has designed international recruiting formats and talent development programs for global players in a wide range of industries and has accompanied careers all the way to top management. It brings together thought leaders, role models and top talents, thereby creating the conditions for optimal personal and professional realization.

news

The world at a distance - This was the Corona year 2020

A year of major challenges is drawing to a close. Distance rules, mandatory masking, homeschooling in the home office, domestic isolation - and finally the second lockdown: each of us experienced drastic restrictions this year.

news

"Teamwork makes the dream work"

Congratulations to Aileen Sommer, Head of Business Development Telematics at LUIS Technology, Dr. Matthias Feistel, Managing Director of LUIS Technology and Franz Wenzel, Managing Consultant at enomyc, for receiving the "Best of Consulting" award from a competition put on by WirtschaftsWoche! Their joint project saves lives: LUIS Technology and enomyc have digitally enhanced the camera software-based turn assistant LUIS TURN DETECT® in such a way that accidents resulting from the ominous blind-spot turns can be avoided not only at the moment of danger itself: The intelligent system can now even function as an early warning system.

Strategy and Corporate Performance

Mentoring: These are the Benefits for Companies and Employees

Challenge, encourage, and feedback - these are the three components of our mentoring program. Dr. Axel Hermeier, Head of HR at enomyc was a mentee himself, and thinks: "Mentoring programs are a necessity". Why especially in the consulting business? How do companies and employees in general benefit from mentoring? What is the concrete situation at enomyc, and what recommendations does Dr. Hermeier have for companies wishing to introduce mentoring programs? Learn more in our interview.

Restructuring and Reorganization

How do founders profit from restructuring experts?

‘What do start-up and restructuring have in common?’, you may ask yourself now. And what do start-ups have in common with business consulting? „Quite a bit”, says our Managing Consultant Jendrik Voss, „because the know-how of experienced restructurers can put a business idea on such a solid foundation from the moment it is founded that it pays off and expands in the long term. ” Learn more about the four pillars that can help a business model achieve sustainable success.

Strategy and Corporate Performance

Protection from the bankruptcy of others: Is that even possible? And if so, how?

The current crisis not only has a major impact on the liquidity of companies: It also affects their payment morale. The focus is on existing contracts - as well as on future business relationships. What options do entrepreneurs have in the event of their business partners going bankrupt? Which contractual clauses are important for existing and future business relationships? We asked Reiner Winkelbauer, business mathematician, experienced managing director and CFO in the aerospace and pharmaceutical industries.

Strategy and Corporate Performance

Time To Sweat Harder: Urban Heroes founder Jo Braun continues to focus on growth

Corona hits the fitness industry hard, but in the midst of the crisis something new is emerging: Jo Braun trusts in her Hero Mindset and continues to focus on growth despite Corona. She is Urban Heroes founder, thoroughbred entrepreneur and an absolute power woman - in the enomyc Podcast, she talks to us about her founding phase, how she successfully brought the concept of HIIT training to Germany, and how she was one of the first to establish the term "Boutique Fitness" in Germany.

Digital Transformation

bulkvision: An Innovative Blockchain Solution for the Food Industry and Retail

Hans-Dieter Philipowski is an engineer and for more than 25 years, he has built cleaning plants as an entrepreneur in Europe and Russia. As the founder of ENFIT e.V. - International Association - Supply Chain Safety, he knows the grievances that prevail in the food transport industry and knows what risks can arise for consumers and companies. His innovative blockchain cloud-solution bulkvision is now able to account for the complete traceability of food transportation and raise food safety to a new level. For this, bulkvision was nominated by the networ, „Die Deutsche Wirtschaft“ for the "Innovator of the Year 2020" award.

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enomyc goes France!

Philippe Piscol, Managing Partner at enomyc, has successfully been driving the field of distressed M&A for 8 years with great energy. What has he come to expect: Will the number of insolvencies continue to rise? Will the complexity of cases increase? Is it worth investing now? The interview also deals with the main topics involved in distressed M&A: How do you achieve a smooth sales process? What is important in the network and last but not least, what is it that attracts him personally to distressed M&A?

Digital Strategy

3 Typical Pitfalls During the Digitalization Process

Digitalization has become an indispensable part of our everyday life. It is becoming increasingly important for consumers and companies alike and is equally driving the demands of all to the extreme. What do our digitalization experts observe at enomyc? What are the three biggest pitfalls that are encountered during the digitalization process? How can companies recognize them in time, and how can they avoid them?

Strategy and Corporate Performance

Obsolescence Management: When the Old Machine Has to Continue Running

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Restructuring and Reorganization

Charging out of the crisis

With concepts like "just-in-time production", Toyota and its legendary Toyota Production System (TPS) have had a lasting impact on countless companies around the world. When it was introduced in the early 1990s, the Japanese manufacturing system established new standards and benchmarks for the automotive sector and other manufacturing industries. But today we know this legendary production system has to be closely woven into a company's DNA – its strategy, corporate and even national cultures. This takes time – something crisis-hit companies usually don’t have. Luckily, there’s ePS4x from enomyc.

Restructuring and Reorganization

Distressed M&A: What Really Matters

Philippe Piscol, Managing Partner at enomyc, has successfully been driving the field of distressed M&A for 8 years with great energy. What has he come to expect: Will the number of insolvencies continue to rise? Will the complexity of cases increase? Is it worth investing now? The interview also deals with the main topics involved in distressed M&A: How do you achieve a smooth sales process? What is important in the network and last but not least, what is it that attracts him personally to distressed M&A?

Strategy and Corporate Performance

Use sales power to put the crisis behind you

The mighty Association of German Industry (BDI) recently said the country’s "export-oriented economy must prepare itself for difficult times” in the wake of the coronavirus crisis. In view of such gloomy forecasts, it’s always heartening to hear about companies that are flourishing in the crisis and making use of unexpected opportunities – serving customers that had been out of touch for a long time in considerable volumes.

Digital Transformation

How is Digitalization Restoring the Furniture Industry?

Has the lockdown, contrary to all forecasts, also awakened your buying mood? Especially online and with investments for within your own four walls? Studies show: The lockdown has led above all to an increase in online purchases of furniture. For Jörg Balz, partner at enomyc in Berlin, this is reason enough to take a closer look at the background, the changing consumer trends, and their effects on the furniture market of the future. Which developments will have a lasting effect on the furniture industry, and which levers should be used now?

news

We Moved! - Take a Look Behind our New Curtains!

We moved - the lockdown has further fueled the idea of optimal working conditions in times of New Work. About two years ago, we had already started working intensively on our office of the future. We moved in on the 1st of May 2020. You are now welcome to take a look around!

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The Preventative Restructuring Framework: 5 Experts. 5 Points of View.

„Facing a wave of Insolvency without a plan“ read a recent headline by the Handelsblatt. Do the participants of our podium discussion share this view? Five respected bankruptcy experts squared up to this statement in a workshop arranged by the Institut für Prozess- und Anwaltsrecht (IPA) and the law firm ECKERT Rechtsanwälte Steuerberater.

Strategy and Corporate Performance

Service: How Organizational Anchoring Works

While the demand for garden furniture is rising, Lufthansa is waving the “homecoming guarantee” flag, clearly demonstrating that homogeneous customer needs can be identified and translated into intelligent and profitable services, especially in times of crisis. Which service has inspired you most recently and why? How can the service business be organizationally anchored in the company, and what requirements result from this for service sales?

Digital Transformation

Best Practice for Digitization: RASTAL’s Smartglass®

Manufacturing companies can also act as solution providers through digitization. RASTAL has done well in proving this with its Smartglass® concept. How can products be digitized in a tangible way and innovations be successfully implemented?

Strategy and Corporate Performance

Supply Chain Realignment - a ten-point action plan

The coronavirus crisis has not created a supply chain problem – it has created thousands of different types. The various supply-chain systems, the different sectoral structures, the peculiarities of each company mean there are many different weaknesses. Our ten-point plan shows companies how they can deal with their very specific supply-chain problems.

Strategy and Corporate Performance

Supply chain realignment – different solutions for different problems

The fate of our global supply chains has even occupied the tabloid press in recent weeks. As the coronavirus spread, it worried about empty supermarkets shelves, idle car factories, an entire economy on the verge of ruin. When an issue makes the leap from consultants’ presentations to, say, Germany’s Bild newspaper, the situation must be dramatic.

Strategy and Corporate Performance

Service-Based Business Models in Times of Crisis

Germany will certainly enter into a recession as a result of the COVID-19 pandemic. Economic experts agree: Germany is in a state of crisis. What makes service-based business models particularly successful in times of crisis? Why is digitization an important driver for new service products, and how can services be developed in a customer- and value-oriented way?

Strategy and Corporate Performance

Out of Fashion: How Can the Fashion Industry Use the Structural Change?

What will stationary retail look like in the future? Which hurdles will the fashion industry have to overcome, and how should medium-sized companies take advantage of the industry consolidation now? It’s time for the fashion industry to take a close look in the mirror, say Dr. Christian Gerloff of Gerloff Liebler Rechtsanwälte and Dr. Michael Meister, director at enomyc. Learn more in our expert interview.

Strategy and Corporate Performance

Leadership in the Crisis

It seems as if proven process flows must now be catapulted directly into the future! The COVID-19 pandemic is forcing many companies to rethink established work processes and realign their organizational structures. How do entrepreneurs gain clarity now? How do they manage their company correctly? What does it take to redesign departments and processes intelligently, and what new opportunities can companies now also offer themselves?

Strategy and Corporate Performance

The Corona Crisis from the Perspective of an Insolvency Expert

The corona crisis is changing the entire economic environment in which we live. Every day a new well-known name is in the press, which has filed for bankruptcy. At the same time, many healthy companies have to run up extremely high debts due to the crisis in order to survive at all. Will there also be international group insolvencies of large listed companies? Is the true wave of insolvencies still to come – in the years 2021/22?

Strategy and Corporate Performance

How to Receive Privileged Financial Resources?

Will COVID-19 aid only be available to companies that were healthy and profitable before the crisis? Uwe Köstens, managing partner at enomyc, sees the danger that only those companies that are healthy, according to the KfW’s terms of allocation and EU regulations, will be able to benefit from privileged financial programs. How does he see the current situation? How does he see the future, and what has the current situation prompted him to do? A commentary. 

news

Coronavirus: Existential measures in practice

How can some of our 8 recommendations for action to safeguard livelihoods be implemented in manufacturing companies in specific terms? Dr. Stefan Frings, partner at enomyc, talks about this in our current podcast episode:

Strategy and Corporate Performance

Corona virus: “The Need for Liquidity Is Enormous”

Are the politics of cheap money taking their revenge now? Do only the systemically important corporations fit under the corona umbrella? Will the preventive restructuring framework now be implemented more quickly? And what can German SMEs expect? enomyc CEO, Martin Hammer, conducted an interview with Dr. Lars Westpfahl, restructuring expert at the law firm Freshfields, about the economic effects of the COVID-19 crisis. Learn more!

Strategy and Corporate Performance

8 Recommendations for Taking Action During the Current Situation

The number one question that most companies in the current Corona crisis are concerned about is: How do I lead my company safely through the crisis? To enable you to act quickly and reliably in the current situation, we have summarized the 8 most important recommendations and measures to secure your business in a compact file.

Strategie und Corporate Performance

Coronavirus: The economic impact from a consultant's perspective

The coronavirus is currently the number one topic - and it is clearly in the spotlight here as well:Will the billions in financial aid and the tax policy measures of the German government be sufficient to cushion the effects of the pandemic? What specific questions are companies and financial institutions facing, and which instruments should companies now make greater use of to secure their liquidity?

Strategy and Corporate Performance

Impending Interruptions to the Supply Chain

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news

Contacts Can Multiply, If We Share Them: Networking done differently

“There are not many things in this world that multiply when you share them – apart from happiness,” as Albert Schweitzer once quipped. Another exception we found to this aphorism is the sharing of contacts, as we were fortunate enough to experience again last Friday

career

Internship at enomyc: “Put all your cards on the table.”

In their search for a professional career, many students initially decide to take on an internship. What can be expected to be gained from this? And have your expectations in the field of business consultancy been fulfilled? We recently sat down for an interview with one of our interns, Levin Schily

Restructuring and Reorganization

Restructuring Gains and Taxation: What you should be aware of

Imagine that a company is in a difficult economic situation. The annual result is deep in the negative and creditors are demanding their money back. The shareholders, who also have money invested into the company, are now considering

Digital Transformation

One Year of enomyc: Insights into our Digitalization and Rebranding Process

Exactly one year ago, "K & H Business Partner" presented itself with a completely new brand identity. Today, we celebrate one year of enomyc. What exactly were the reasons for the rebranding? What were the biggest challenges in the digital transformation

Strategy and Corporate Performance

Service – Part 1: Strategy and Portfolio Development

The declining growth rates are currently giving many manufacturers food for thought. At management level, discussions about alternative ways of increasing earnings are on the rise. Expansion of the service business aspects appears particularly promising. How can companies increase

Digital Strategy

When Digitization Saves Lives: A Joint Project of enomyc and LUIS Technology

Cyclists live dangerously. In June 2019, the German weekly magazine Der Spiegel headlined an article titled, “Death

news

Highlights, insights and surprises: A wrap-up of 2019

2019 was colourful. It had its charms, it had its peculiarities, its hurdles and surprises. For us it all was clearly

Strategy and Corporate Performance

Predictive analytics – how companies create advantages for themselves within industry competition

Knowledge is power and this is especially true for knowledge about future developments. Those who know with a very high

Restructuring and Reorganization

How much emotion can a business consultant handle?

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news

The faces behind enomyc: Get to know them!

When was the last time you gathered your entire team in one place? What was the occasion and what was the feedback like?

Strategy and Corporate Performance

Post merger integration - part 3: Personal & cultural integration

Mergers and acquisitions: In nearly every instance the accompanying change processes trigger uncertainty among the

Strategy and Corporate Performance

A bakery without bread? How companies can benefit from structural change

The bakery industry is creaking under the continuous structural change that is taking place. New economic conditions,

Strategy and Corporate Performance

Voice of the customer - the added value of customer surveys in SMEs

“How are we perceived as a company on the market? How well do we meet our customers’ expectations today? And where is

Digital Strategy

Artificial intelligence in German SMEs:  Still hype or already a part of everyday life?

"The concept of "artificial intelligence" has such surgically specific approaches that hardly anyone can talk about it

Strategy and Corporate Performance

The power of pricing - the underestimated lever for improving profitability

In many companies, the scope for improving profitability through cost reductions has become narrower. The

news

enomyc once again at the ICU scholarship final in Frankfurt

Frankfurt, September 5, 2019 – enomyc was again part of the ICU Scholarship Final in Frankfurt. The scholarship of the

Corporate Finance

Post merger integration - part 1: How can sustainable integration success be achieved?

Many entrepreneurs and managers associate high expectations with an acquisition. However, according to practical

Strategy and Corporate Performance

Post merger integration - part 2: The levels of a successful integration strategy

The M&A analysis has been carried out, and the due diligence process is completed. How can companies achieve

Digital Strategy

Bitcoins and co.: Are tax-free profits finally possible?

If you have opened the financial section of a major newspaper or read up online in the last few weeks, you have

Strategy and Corporate Performance

Family affairs - the dos and don’ts of the company handover

Martin Hammer, managing partner of enomyc, comes from an entrepreneurial family and is himself a father and founder.

Digital Transformation

Automotive sales in upheaval: How can dealers compensate?

The automotive industry is undergoing a significant transformation: new technologies are emerging; society and law are

Strategy and Corporate Performance

Strong performance despite reduced growth prospects: How successful companies arm themselves

The golden days are over. In recent months, the International Monetary Fund (IMF), the OECD, and leading German

Digital Transformation

Bringing SMEs into tomorrow: The management consultancy K&H Business Partner rebrands as enomyc

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Road show enomyc - in just six days across Germany

Road Show enomyc – in Just Six Days across Germany On January 21, 2019, we kicked off our road show at the SIDE Hotel

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