One in five companies in Europe needs to transform to survive
In an article published today in Il Sole 24 Ore, a study by Boston Consulting Group (BCG) is referenced, highlighting the increase in insolvency rates between 2022 and 2023 and the growing need for European companies to adapt to a challenging economic environment and rapidly evolving technology in order to maintain their competitiveness and profitability.
Currently, 1 in 5 companies in Europe is facing increasing pressure, hence the need for a #transformation, while 1 in 15 is facing even more urgent industrial and financial challenges. In these cases, drastic measures are often required to restructure business activities and reorganize the balance sheet. In all these situations, management faces tough decisions due to the complexity of implementing lasting changes. For an effective transformation, companies must reflect on the “what” and the “how” of the change. But even more crucially, they must be swift, proactive, and intervene quickly before the situation worsens.
It is precisely in these circumstances that the role of an interim #Executive, an expert in #restructuring projects, becomes essential. They can intervene swiftly to address challenges and lead the corporate transformation.
Duke & Kay Executives, both locally and internationally (through Valtus Alliance), are able to implement targeted strategies that enable companies to adapt and thrive.