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.

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