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Change to survive.

Be ready for change. | Reduce losses & increase your profit! | Reorganize to be more profitable.

Due to the growth of technology, modern organizational change is largely motivated by exterior innovations rather than internal factors. When these developments occur, the organizations that adapt quickest create a competitive advantage for themselves, while the companies that refuse to change get left behind. This can result in drastic profit and/or market share losses.

Organizational change directly affects all departments and employees. The entire company must learn how to handle changes to the organization. The effectiveness of change management can have a strong positive or negative impact on employee morale.

The increasing pressure on companies to become more flexible means that the number of strategically important projects is constantly rising. Regardless of whether they are strategy, investment, development, organization or change projects, many companies are facing formidable transformation processes associated with many risks.

Reduce your Risks

Restructuring is the act of reorganizing business structures to avoid or reduce risks resulting from all kind of transformation processes. Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout.

Renovation is the process of improving a broken, damaged, or outdated structure. Renovation can refer to making something new, or bringing something back to life.

Our offer exactly consists in helping you to go through these necessary changes in order to benefit from the positive results.

Background

Executives involved in restructuring often hire financial and legal advisors to assist in the transaction details and negotiation. It may also be done by a new CEO hired specifically to make the difficult and controversial decisions required to save or reposition the company. It generally involves financing debt, selling portions of the company to investors, and reorganizing or reducing operations.

The basic nature of restructuring is a zero-sum game. Strategic restructuring reduces financial losses, simultaneously reducing tensions between debt and equity holders to facilitate a prompt resolution of a distressed situation.

Corporate debt restructuring is the reorganization of companies’ outstanding liabilities. It is generally a mechanism used by companies which are facing difficulties in repaying their debts. In the process of restructuring, the credit obligations are spread out over longer duration with smaller payments. This allows company's ability to meet debt obligations. Also, as part of process, some creditors may agree to exchange debt for some portion of equity. It is based on the principle that restructuring facilities available to companies in a timely and transparent matter goes a long way in ensuring their viability which is sometimes threatened by internal and external factors. This process tries to resolve the difficulties faced by the corporate sector and enables them to become viable again.

Steps of Restructuring

   + Ensure the company has enough liquidity to operate during implementation of a complete restructuring
   + Produce accurate working capital forecasts
   + Provide open and clear lines of communication with creditors who mostly control the company's ability to raise financing
   + Update detailed business plan and considerations

Outplacement | Optimize your Human Capital

Socially acceptable staff reduction.

As a consequence of restructuring outplacements often is inevitable. Therefore, SMART cs offers Outplacement as part of our support service to help former employees transition to new jobs. We usually provide the outplacement services which are paid for by the former employer and are achieved usually through practical advice, training materials and workshops. On certain occasions we may offer psychological support through our network of partners operating primarily in this field.

Outplacement is either delivered through individual one-on-one sessions or in a group format. Topics include career guidance, career evaluation, job search skills, targeting the job market, resume writing, interview preparation, developing networks, and negotiation.

We support individuals seeking a new job, and also those looking to start a new business, retire, or structure a portfolio of activities. Programs have time limits, ranging from a few months to more extended periods, such as 12 months and are offered at all levels of the organization, from workers to corporate employees.

Outplacement provides former employees structure and guidance towards their new career option, and preserves the morale of those who remain in the Company who see that colleagues are given the necessary support when they leave the company.

With the increased rates of downsizing, rightsizing, redundancies and layoffs, particularly during the 1980s and 1990s, businesses increasingly found a need for some form of assistance in reducing the trauma of redundancy for both departing employees and those who remain. Indeed, research shows that losing one's job is one of the most stressful experiences a person can face other than death and divorce.

The best outplacement programs provide ongoing support, as it is often the case that after the individual has not been able to find a new job after searching for a number of weeks that they need the most help. Many companies will stop providing support after an allotted time although some companies provide support for as long as the individual needs it. Some also track the success rate of re-employment to help evaluate their services.