Navigating Crises: How Interim Managers Can Stabilize Your Business
Every business, no matter how prepared, will face a crisis at some point. Whether it’s a sudden loss of leadership, a major project going off the rails, or an unexpected market disruption, crises are inevitable. What’s crucial is how swiftly and effectively you respond to them. Enter the interim manager—a short-term executive with the expertise […]
Steering Through Uncertainty: The Essential Role of Non-Executive Directors on the Risk Committee
In an era defined by rapid change and unpredictability, the ability to effectively manage risk is paramount for corporate resilience and success. At the helm of a company’s risk management efforts is the Risk Committee, and the participation of Non-Executive Directors (NEDs) within this group is invaluable. With their broad experience, independent oversight, and strategic […]
The Benefits of Specialized vs. Generalist Consultants
When considering hiring a consultant, one of the critical decisions is whether to engage a specialized or a generalist consultant. Each type brings unique strengths and can provide value depending on the specific needs of your business. Here’s a closer look at the benefits of specialized and generalist consultants. Specialized Consultants 1. Deep Expertise Specialized […]
Selecting the Right Non-Executive Director: Top 5 Considerations for Your Board
In the strategic tapestry of corporate governance, the role of Non-Executive Directors (NEDs) cannot be overstated. Their contribution extends beyond oversight, enriching companies with impartial advice, industry insights, and invaluable experience. As such, the selection of NEDs is a pivotal decision for any organization, demanding careful consideration to ensure alignment with the company’s strategic direction […]
How to Manage and Mitigate Consulting Project Risks
Engaging consultants can bring significant value to your organization, but like any project, consulting engagements come with their own set of risks. Effective risk management and mitigation strategies are essential to ensure that consulting projects deliver the desired outcomes without unexpected setbacks. Here’s how to manage and mitigate consulting project risks. 1. Define Clear Objectives […]
How Consultants Can Help with Risk Management
Effective risk management is crucial for the stability and growth of any business. It involves identifying, assessing, and mitigating risks that could potentially impact the organization. Consultants bring valuable expertise and structured methodologies to support robust risk management practices. Here’s how consultants can help with risk management. 1. Conducting Comprehensive Risk Assessments Consultants begin by […]
Navigating Success: Top 10 Resources for Aspiring and Current Non-Executive Directors
This piece is a capture of some of the advice given to me by a couple of NEDs who I’ve known over the years. For aspiring and current Non-Executive Directors (NEDs), navigating the path to finding a role and excelling in it requires access to the right resources. From industry insights to governance best practices, […]
Interim Management vs. Permanent Leadership: Making the Right Choice
Leadership decisions can make or break the success of projects, especially in industries as fast-paced and high-stakes as design, engineering, and construction. When filling a senior leadership role, should you bring in an interim manager or commit to a permanent leader? The answer isn’t always straightforward. Both have their pros and cons, and the right […]
The Dual-Role Consultant in Business Divestitures and Acquisitions: Navigating the Complexities
In the intricate dance of corporate divestitures and acquisitions, the involvement of a consultant serving both the seller and the buyer introduces a unique dynamic. Imagine a scenario where a single consultant is advising a company looking to divest a profitable division with revenues of USD 52 million, an EBITDA of USD 4.8 million, and […]
Navigating Acquisition Success: Top 10 Focus Areas for Consultants Assisting Potential Acquirers
When advising a potential acquirer on the purchase of a business division, consultants have a critical role in ensuring that their client makes an informed, strategic decision that aligns with their business objectives. The acquisition process is intricate, involving thorough due diligence, accurate valuation, and strategic negotiation. Here are my top 10 focus areas for […]