International Corporate Rescue
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Vol 20 (2023) - Issue 6
Article preview
Navigating Shifting Tides: A New Environment Presents Unique Challenges
Falco Weidemeyer, EY Global Head of Turnaround and Restructuring, Eschborn, Germany, Simon Edel, Partner, EY-Parthenon, Turnaround & Restructuring Strategy, London, UK, and Andreas Warner, Partner, EY-Parthenon Leadership Team Europe West, Munich, GermanySynopsis
A newly emerging macroeconomic, geopolitical and technology environment presents a formidable challenge for businesses. The key to survival lies in adaptability, innovation, and a proactive approach to risk management. Companies that can better navigate these turbulent waters with resilience, flexibility, and strategic foresight are likely to emerge stronger. However, those resistant to change or slow to respond may find themselves succumbing to the pressures of an ever-evolving global landscape. The ability to read the signs, anticipate shifts, and proactively adjust strategies will be the defining factor for businesses aiming not just to survive but to thrive in the new environment.
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