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Is your company in distress?

How Canadian companies can respond swiftly to market turbulence


Market turbulence is expected to intensify across all sectors in Canada. From automotive and forestry to private equity firms, the business landscape is evolving rapidly. The timing couldn’t be worse for Canadian companies, which are already struggling with a fluctuating dollar, volatile commodity prices and growing foreign competition. It’s a “perfect storm” of factors that should prompt any Canadian company into swift and decisive action.

In a two-part series in Management Magazine,  Ramesh Swamy, leader of a group focused on performance improvement and turnarounds in Deloitte’s  Financial Advisory  practice, examines the challenges facing businesses today and outlines turnaround strategies for distressed companies. “Companies that actively invest in reassessing their priorities, improving their operational processes, revisiting their near- and long-term strategies and consistently monitoring and adjusting performance stand a better chance of emerging from the current market cycle with a competitive advantage,” explains Swamy.

Whatever stage your company is at — not meeting expectations, underperforming, or already in crisis mode — you can protect the value of your enterprise by adjusting your focus, acting on a few key themes and deploying quick-win strategies.

Deloitte Image  Market turbulence challenges Canadian companies  
These are challenging times for business. In the first article of a two-part series, Ramesh Swamy examines the implications of market turmoil for various sectors and outlines the stages of distress for a struggling business.

Deloitte Image  Surviving and thriving in times of turbulence
The more distressed the company, the fewer the options. In this second article, Ramesh Swamy explores the three stages of distress. Learn how a company can reverse the downward spiral before it’s too late.

These articles originally appeared in Management Magazine . Posted with permission.

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