How do you use data to support restructuring proposals?

1 Define the problem

The first step is to define the problem that you are trying to solve with restructuring. What are the main challenges or opportunities that your business is facing? What are the goals and objectives of your restructuring plan? How will you measure the success of your restructuring? These questions will help you frame your problem and identify the scope and criteria of your restructuring proposal. You can use data to support your problem definition by collecting and analyzing relevant information from internal and external sources, such as financial statements, market research, customer feedback, industry trends, and benchmarking.

2 Assess the current situation

The second step is to assess the current situation of your business and its performance. How is your business structured, organized, and operated? What are the strengths and weaknesses of your current model? What are the gaps and inefficiencies that need to be addressed? How do you compare to your competitors and best practices? These questions will help you understand your current state and identify the areas that need improvement or change. You can use data to support your situation assessment by conducting a SWOT analysis, a value chain analysis, a profitability analysis, and a stakeholder analysis.

3 Generate and evaluate alternatives

The third step is to generate and evaluate alternatives for your restructuring proposal. What are the possible options or scenarios that you can consider for restructuring? How do they align with your problem definition and goals? What are the pros and cons of each option? How do they impact your financial, operational, and strategic outcomes? These questions will help you explore and compare different solutions and select the best one for your situation. You can use data to support your alternative generation and evaluation by using tools and methods such as scenario planning, cost-benefit analysis, risk analysis, and decision matrix.

4 Communicate and implement the proposal

The fourth step is to communicate and implement the proposal that you have chosen for restructuring. How will you present and explain your proposal to your stakeholders, such as employees, customers, investors, and regulators? How will you address their concerns and objections? How will you execute and monitor your proposal and ensure its effectiveness and sustainability? These questions will help you plan and manage the communication and implementation of your restructuring proposal. You can use data to support your communication and implementation by using techniques such as storytelling, visualization, dashboards, and feedback loops.

5 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?