Carve-Out Day 1 Planning
‘Day 1’ Carve-out activities usually entails a variety of activities spread over an array of functional areas. In order to keep all those tasks properly managed, these activities should be properly planned.
- Carving out an activity out of a company entails a variety of activities. Managing this type of process is essential.
- Key tasks that are not conducted on day 1 usually affect the pace and process sequence.
- Stockholders are expecting to get the process conducted fast in order to be able to improve organization efficiency and effectiveness fast.
How we can help
- Identify clearly all the stakeholders
- Manage the communication towards the stakeholders in order to manage the expectations
- Reduce the risk of failure
- Make the relevant managers come on board of the project
- Offer external resources to support the process and wherever needed replace function within the organization.
- Commitment of the board
- Commitment of the managers
- Clients’ expectations managed
- Reduced impact on Business as Usual impact
- Doing the homework to define the business for sale and to develop a comprehensive understanding of how the business interacts with the selling parent is key.
- Control versus speed; there is always a balancing act when going to market with a divestment plan.
- Seller should clearly define the business for sale and its ingredients.
- Build out a team carefully to manage the divestitures.