Deltennium's Problem Resolutions
Group was created
in order to facilitate the resolution of problem situations
in a broad range of businesses. Its mission is to facilitate
change in organizations, including operating businesses,
educational organizations, charitable organizations, and
startup situations.
Deltennium's principals and advisors are accomplished professionals
from a variety of disciplines who have a broad range of experience
within those disciplines and have achieved senior-level status
within their organizations. The Problem Resolution Group's efforts
are focused on turnaround situations of troubled or failed enterprises
and its services run the gamut of traditional management consulting
(passive), empowered advisor or board member (active), or even
line management intervention (highly active).
Whatever the specific circumstances of the case, Deltennium's
Problem Resolutions Group is committed to resolving troubled
situations in the most cost-effective manner possible. Deltennium's
Problem Resolutions Group is comprised of individuals with primarily
senior line operating management or finance experience in a variety
of businesses, including financial services, retail, health care,
and technology. As a result, the Problem Resolutions Group's
efforts tend to focus on bringing line management perspectives
and skills to the client company.
The Deltennium Group is a virtual organization, comprised of
senior professionals who have, through a broad range of corporate
assignments, developed extensive general management, financial
managerial, and critical functional skills. When The Deltennium
Group is asked to approach a troubled management situation, it
has Managing Associates and Consulting Principals with a broad
range of disciplines that can be brought to the assignment in
a variety of capacities.
The Chairman and Senior Managing Associate and a core
group of Managing Associates are the professionals who develop
and coordinate the business activities for the Group. Although
each Managing Associate, at any moment in time, is potentially
occupied with an assignment, one or more members of the core
Managing Associate staff, lead by the Chairman, will always be
involved in the initial phase of assignments to which the Group
commits. Since at any given time, a number of the Consulting
Principals are occupied with assignments that may be separate
from The Deltennium Group's activities, it has developed a broad
spectrum of individuals who can be called upon to bring their
unique skills to the assignment.
The Deltennium Group often begins an assignment by virtue of
its core expertise in a specific business market or type of business.
On occasion assignments come from the involvement by one of its
members in either a consulting, advisory board membership or
as a duly elected member of a fiduciary board capacity. Whatever
the initial involvement, the Deltennium Group will ultimately
engage in a turnaround activity on the basis of need, rather
than a fixed formula.
Should the enterprise require full time management commitment,
then The Deltennium Group will develop a team capable of taking
on that assignment. Frequently, Gerald M. Czarnecki, a veteran
turnaround executive, will lead the team, with one or more others
entering the situation as required. It is never the intent of
the members to become the permanent management team, although
at times the team has had extended periods of engagement in order
to stabilize an enterprise. In the event that The Deltennium
Group members believe that the client company has a meaningful
strategic business future, then The Deltennium Group will focus
heavily on the recruiting of a permanent team.
Once the Board, creditors, or shareholders of a troubled company
conclude that the company requires the services of a turnaround
group of executives, then freedom and authority to act is essential,
since conditions have probably deteriorated to the level of crisis.
In that climate, aggressive and decisive problem resolution is
essential. These assignments typically place The Deltennium Group
executives into the role of CEO, CFO or COO , hence they would
also require the ability to take managerial responsibility and
control of the company. In spite of that need, The Deltennium
Group will work in a very focused and committed way to assure
a smooth transition and an even smoother crisis management turnaround.
In the event that the management support required is short term
and limited in scope, then The Deltennium Group will structure
its engagement in a manner similar to consulting assignment.
At other times the Deltennium Group has either made investments
in the enterprise or has taken substantial components of its
compensation in the form of equity ownership.
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