Although succession planning can be simply defined as the process of transferring the control and ownership of a business, developing and executing a succession plan is not nearly so simple.
As we begin to emerge from recession, the challenge of how to manage your business through uncertainty and into a brighter tomorrow is still very real. We surveyed 150 CEOs and CFOs from UK based mid-market businesses on their views and experiences of planning for, and financing, growth.
This report examines the strategies that PHBs can use to make ‘big decisions’ to help survive the economic downturn in the longer term with the aid of good business planning. Innovation, cost cutting and pricing strategies emerge as the three most successful initiatives for boosting profitability. Each strategy is examined with practical advice provided for successful planning in such uncertain times.
A Grant Thornton white paper for manufacturers and distributors that explains the culture change process—its advantages—and some of the key considerations you need to think about before embarking on the path of rebuilding a culture that’s more productive, profitable, sustainable, goal-oriented and data-driven
Amid signs of recovery, businesses are readying themselves for renewed growth. Many are hoping to take advantage of opportunities that arise from the flow of federal stimulus money. Others are looking for a chance to snap up struggling companies or distressed assets. What some may not be prepared for, however, is a potential increase in fraud.
Businesses are demonstrating that well managed corporate responsibility actually supports business objectives, especially amongst large corporations where improved compliance, reputation and relationships has been shown to increase shareholder value and profitability.
Privately held businesses (PHBs) are naturally cautious about their M&A plans for 2010 given the challenging economic conditions and difficulty in raising debt finance they experienced in 2009, but there are some encouraging signs for the future.