HOW WELL DO CONSULTANTS AND INTERIM MANAGERS COMPLEMENT EACH OTHER IN THE RESTRUCTURING PROCESS?
KEYPLAYER
STUDY
2022_
RESTRUCTURING
IS TEAMWORK.
BUT WHO BELONGS
ON THE TEAM?
KEYTOPIC 2022
OUR EXPERT STUDY.
ChatGPT said:
How well do consultants and interim managers complement each other “on the job”? That was the key question we asked around 70 experts from consulting firms, financial institutions, law firms, SMEs, and private equity houses.
Why this question in particular? Because the right composition of leadership and expert teams is crucial for the success of any business strategy — especially when companies are undergoing transformation.
Therefore, one of the main focuses of the study was to answer the question: Who belongs on the restructuring team — and why?
To explore this, the authors of the study, Sebastian Bretag, Managing Director of KEYPLAYER, and Prof. Dr. Markus Exler, Head of the Institute for Cross-Border Restructuring at FH Kufstein, developed three innovative “instruments” that can also enrich your company’s leadership approach:
01. A contemporary restructuring model
02. An implementation-oriented expert and role model
03. An updated hourglass model for consultants, adapted to new challenges
-
[CORE QUESTION:]
[CORE ANSWER 1:]
IT DEPENDS ON HOW GOOD YOUR RESTRUCTURING MODEL IS.
OUR KEY MODEL FOR THE TARGETED MANAGEMENT OF CORPORATE CRISES
> Read more about this in our study, Chapter 01
[CORE ANSWER 2:]
IT DEPENDS ON HOW GOOD YOUR ROLE MODEL IS.
ROLES AND COMPETENCIES IN THE RESTRUCTURING PROCESS*
> Read more about this in our study, Chapter 02
* Based on frequency of mention; allocation to “Employee,” “Consultant,” or “Interim Manager” according to the majority attribution
[CORE ANSWER 3:]
IT DEPENDS ON HOW WELL THE CRO AND THE CONSULTING FIRM APPLY THE CONTEMPORARY HOURGLASS MODEL FOR IMPLEMENTATION.
OUR CONTEMPORARY HOURGLASS MODEL
> Read more about this in our study, Chapter 03
FILL KEY POSITIONS WITH SELECTED PLAYERS AND TACKLE THE KEY PROBLEMS IN A TARGETED WAY.
The remaining question is: how well do consultants and interim managers complement each other operationally?
Exceptionally well, according to the answers of our various interview partners — provided they share the same quality and management standards, know the same trusted referrers, and value them based on proven experience. In this spirit, Yours sincerely, Sebastian Bretag and Prof. (FH) Dr. Markus W. Exler.
About the division of roles
in restructuring projects
and the collaboration between
interim managers and
consulting firms
APR 2024 | DURATION: 33 MIN
After positions in top management consulting, as a C-level and turnaround manager both in Germany and abroad, and as a hands-on expert in executive search, Sebastian Bretag is now CEO at KEYPLAYER.
In this episode of #SHIFTHAPPENS, the Hamburg-born former competitive athlete talks with Christian Kuhs about the implementation of corporate restructurings, the division of roles for successful execution, and the future requirements for leaders.
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