We almost always come across this tale of woe in restructuring projects: the companies had recognized the problems, but failed to implement solutions quickly and precisely. As a result, competitiveness is steadily declining and earnings are dwindling. Then the banks pull out and acquirers or insolvency administrators come in. In most cases, a notorious DIY (Do-It-Yourself) mentality combined with a lack of time prevents a quick solution to the problem. We are now also seeing this dangerous trend in many healthy companies: project backlogs are increasing and eroding efficiency is only masked by rising sales. So DIY can quickly become “die”. In the best-case scenario, “only” the yields will die.
Yours, Götz-Andreas Kemmner
DIY to Die?!
Prof. Dr. Andreas Kemmner
Prof Dr Kemmner is Co-CEO of the Abels & Kemmner Group and has carried out well over 200 national and international projects in 30 years of consulting work in supply chain management and restructuring and was the only publicly appointed expert for the profitability assessment of industrial companies in Germany for over 10 years. In 2012, he was appointed Honorary Professor of Logistics and Supply Chain Management by the WHZ. The results of his projects have already received several awards.