Abstract
The article examines the role of consulting services in the restructuring of enterprises. It describes how consulting firms help to increase the efficiency of enterprises and their value by providing information and recommendations. The work grounds the importance of the restructuring implementation adaptation for enterprises to external market conditions in order to increase their value and improve efficiency, competitiveness and market activity. The authors describe the stages of the restructuring and the participation of a consulting firm at each stage. The work shows the methodology of the restructuring with the involvement of consulting services. Our theoretical arguments are supported by case from the experience of the auditing company has conducted the restructuring in industrial enterprise. The example of implementation the restructuring of the organizational structure of the industrial holding in Ukraine through the services of an auditing company is given. This paper provides an effective way of the restructuring acceptable not only for industrial companies in Ukraine but also for enterprises that operate in a transitional economy.
Highlights
Within market conditions, we may observe that even strong and developed companies often experience some difficulties which can be caused by both external and internal circumstances
The shareholders of the investigated companies came to the decision to conduct the restructuring with the help of consulting services of auditing company Ernst & Young Global Limited
The conducted study allows us to conclude that the restructuring is one of the most effective ways to increase the capitalization of business, its competitiveness, financial stability and business activity
Summary
We may observe that even strong and developed companies often experience some difficulties which can be caused by both external and internal circumstances. In cases when the firm is not able to overcome arisen problems and difficulties on its own, the way out of the situation is to turn to professional consultants. Companies resort to consulting services in case of problems happened and when it becomes necessary to boost growth, optimize costs, adjust the management apparatus. – Vynokurova, O.: Practical Guideline for the Restructuring of Enterprises Involving Consulting Services (on the Example of Ukrainian Industrial Enterprises). Enterprises have a constant need to make changes in their economic activities in order to ensure positive dynamics of key performance indicators. For this purpose, the most radical way is restructuring
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