New Year's Update
In mid-January, 26 Alvarez & Marsal professionals from 6 countries came together in Jupiter, Florida for two days of discussion around the firm-wide corporate transformation initiative. We discussed the formation of a common global voice to market and uncovering greater synergies with our private equity, restructuring and other competencies. We also looked at how to best serve our clients and how to keep a pulse on where the market is going.
What is corporate transformation?
Our Corporate Transformation practice brings enterprise wide change with speed and scale to clients: speed in that the need for change is urgent and scale, because of the magnitude of such change on an entire business. It is the ability to manage complicated dynamics (entrenched executives, competitive dynamics, Board dynamics and at times, activist investors) and the ability to communicate the often difficult messages about the case for change and its order of magnitude. Corporate Transformation work is not solely cost cutting. Cost reduction has significant benefits, but it is only one part of the transformation journey.