Creating a truly new entity from existing organizations is a difficult proposition. Russell Reynolds Associates works with public and private companies in all sectors to clearly identify the needs and qualities of the organization they seek to create, and build the right leadership team to get there.
A Clear Goal and the Right People
Successful business restructuring, whether driven by an acquisition or the need to more efficiently leverage existing entities, is more than rearranging existing components—it means creating a new organization unencumbered by the past. Accomplishing this transition demands a clear-eyed assessment of the organizations involved: understanding their current culture, the desired culture and how they differ. The process of cultural assessment is an essential catalyst to solidify a new vision, build consensus and inform strategic decision-making.
Successful restructuring also requires having the right leadership team in place to execute that vision. While the existing team may provide the foundation, very often the team itself needs to be restructured to best align human capital with new challenges, or augmented with the additional competencies of outside candidates.
Putting the Pieces Together
To help boards and CEOs reach the goals of restructuring, Russell Reynolds Associates provides the following:
- Evaluation of current and desired organizational culture, combining quantitative analysis, interviews, research and deep industry intelligence
- Evaluation of the fit of key executives to the new culture and identification of areas of potential concern
- Review of the existing management team against external benchmarks and the needs of the new organization, and recommendations for any necessary realignment
- Identification, evaluation and recruiting of outside candidates, when needed.