Most important elements of a restructuring concept in uncertain times

Average of responses, importance rated on a scale from 1 (low) to 5 (high)

Deep understanding of the market environment and competitive success factors

4.5

Clear "target picture" for the turnaround

4.4

Detailed description of actions to achieve turnaround

4.3

Accurate assessment of the root causes for the crisis

4.1

Flexible restructuring concept including contingency plans

3.9

Financial plan based on different scenarios (beyond "best/worst" case)

3.8

Digital tools for analyses and decision making

2.9

Detailed documentation of the company structure and historical financial data

2.8