Advantages of the International Turnaround Management Standard developed by Christoph Lymbersky

The ITMS (International Turnaround Management Standard) that was developed by Christoph Lymbersky and the Turnaround Management Society includes all areas that are known to us to be important in a turnaround situation and not just focused on one business... More

The ITMS (International Turnaround Management Standard) that was developed by Christoph Lymbersky and the Turnaround Management Society includes all areas that are known to us to be important in a turnaround situation and not just focused on one business area. We believe that a structured approach to turnarounds that includes, financial aspects, strategic reorganization, turnaround strategies and best practices, project management tools and techniques, change management tools, HR aspects, etc. , can lead to a more sufficient and sustainable recovery. The following points are things that should improve the current turnaround practice by employing the ITMS that we have developed: The ITMS provides a checklist of activities, derived from other turnarounds, restructurings, case studies, experiences, and collected lessons learned reports, so that nothing will be forgotten or overseen and to avoid pitfalls during the analysis of the company and the turnaround process. Leading to a more su Less