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Reasons for Failing Restructuring Process
N E A Shibly, CEO, Bangladesh, Member
There remains a great deal of challenge in connecting all the stakeholders' interests in the restructuring process. Accountability of the owners' part in making things happen never gets challenged. As though the responsibility solely lies with the employees to implement and deliver the result the next day.
Often the consultants facilitating the change management are also to shoulder the liability - if no substantial outcomes are visible. Owners' expectation to see the visible outcome remains as a legitimate demand while the question of sharing the traumatic transition is never answered or gets lost in oblivion.
In a number of cases, the structuring process got stumbled because of a disconnect between various stakeholders and the organizational process was back to square one. Following constraining reasons for a failing restructuring process were evidenced:
- New management systems were installed, but the owner's belief in the ways of doing things as in the p...
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Special Interest Group Leader
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Restructuring
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