Study Restructuring 2021
The Road to Success is a constant Construction Site
The spectrum of challenges to be mastered at the same time ranges from digitalization and corporate and leadership culture to cost and financing issues.
Predictive restructuring is the key to ensuring that these factors that impact the success of a company do not turn into major construction sites that have to be managed simultaneously.
In essence, it is about establishing a clear process that holistically puts the future viability of their own company to the test. And to do so when there are no clearly visible cracks.
For the “Restructuring 2021” study, management consultancy Staufen surveyed a total of 200 top executives in Germany (shareholders, board members and managing directors) in spring 2021About half of the companies of the owners and managers surveyed are from the industrial sector, 18 percent are from retail and 31 percent are from the service sector. Only companies with annual sales of at least 20 million euros were considered for the study; just under one-third of the companies included in the study recorded annual sales of more than 100 million euros.
As part of our study, we identified 6 key insights:
1. Looking ahead
The Corona crisis has had a major impact on the German economy, but a positive attitude prevails.
2. Change is possible
Flexibility, adaptability, and agility have been internalized by the companies to a large extent.
3. The long road ahead
There are many challenges in the near future: Digitization remains at the top of the list of priorities.
4. Early detection must be optimized
Anticipating crises and new challenges more quickly is essential to ensure the sustainable growth of the company.
5. Change costs money
Shareholders and operating cash flow provide the liquidity needed to operate flexibly in the market.
6. Insufficient external focus
External stakeholders are not sufficiently involved.