Every distressed situation is a sum of unique elements. Environments differ and so do the causes of decline.

Based on examples of successful corporate restructuring programs we identified four areas of activity that need to be addressed:

• crisis control
• rebuilding stakeholder support
• financial strengthening
• fixing the business

These areas are closely related and must be applied in a coordinated way to maximise value, optimise resources and minimise risk.  The change plan defines the exact means and timing by which these areas are addressed.