The international market and consumer tendencies advance so quickly that companies cannot afford to do business as usual. If they want to play major roles in the marketplace or even endure, they have to go for strong organizational restructuring processes in place. Organizational restructuring processes should be based on proper strategic preparation, driven by innovation, or it can be a strategic response to unanticipated environments.

Organizational Restructuring or Business process restructuring is the investigation and reshaping of workflows within and between businesses in order to augment end-to-end developments and eradicate non-value-added tasks. As part of the organisational or business restructuring services in Dubai, Wise Consultancy experts will assess and standardize your business processes against best practices and will endorse changes in the procedures to:

• Increase efficiency in overall business operations
• Improve internal control procedures
• Save time and costs
• Enhance the level of governance

Organizational Restructuring Processes

Organizational restructuring service covers a wider range of processes including performance improvement, financial restructuring, recapitalisation, etc. Given below are the following activities included in organizational restructuring services in Dubai.

1. Complete management :

Wise Consultancy experts will analyze the process and suggest positive standards to steadfast the company and set winning strategies through cost reduction, liquidity generation, product line rationalization, assets operation, enhancement, and competitive positioning

2. Financial Restructuring :

Wise Consultancy experts will analyze the financial transactions of the company and justify debt-equity structure through the process of liquidity management, restructure balance sheet, working capital refinancing, etc.

3. Performance improvement :

Wise Consultancy experts will analyze the performance of your company and create essential functional capabilities and help the business make strategic action planning, organizational and personal development, marketing and sale, financial planning and MIS, and business process reengineering

4. Recapitalization :

Wise Consultancy experts will analyze the ongoing processes and suggest proper strategies to attract new capital and owners. We help you to make proper business plan preparation, value enhancement, company valuation, assistance investor search, and advocacy in investor/strategic buyer negotiations.

5. Setting up of internal control procedures :

Wise Consultancy experts will analyze the internal control system and suggest the following tools for the restructuring process:

• Proper organization hierarchy
• Segregation of duties
• Change in Responsibilities assigned to each employee on department-wise basis.
• Close monitoring of implemented procedures and policies.

Why Do Companies Restructure their Finance and Business operations?

The business restructuring services in Dubai are usually meant for either internal reasons or for external issues. The restructuring may be either for internal reasons or for external issues. Wise Consultancy experts analyse the causes and advocate proper strategies to improve the standard.

Internal reasons behind business restructuring: –

• Bad cash flow
• Poor leadership skill
• Productivity below the potentials
• Stationary or declining incomes
• Very less gross margin
• Very high operating costs
• Over- or under-investment
• High labour costs
• Indistinct roles & responsibilities
• Poor internal communication
• Ineffective marketing budgets provision
• Poor process design

Instances of some external reasons behind business restructuring

• New shopper trends
• Novelties that redefine the marketplace
• Decrease in the Company’s market share due to activities of competition

Certain Common Impediments to Restructuring

• Resistance from employees
• Manager and Employee reactions to organizational restructuring
• Corporate obstacles

Necessary tools to make organizational restructuring processes successful

• Clear strategy

• Knowledge and motivation
• Satisfactory resources
• Genuine and actionable stencil for the execution
• Shut down of loss-making companies based on profitability assessment
• Diversification of business activities into different portfolios of business
• Prepare company policies and procedures according to the vision of Management
• Accounting Policies as per IFRS and ISA