Glossary of Terms:
Comprehensive review: Process included within STORM approach that analyzes companies’ key operating issues on all levels to assess how to proceed with a tactical action plan.
Due Diligence: Time period before a company is purchased or emerges from bankruptcy during which managers should act to help ensure success of turnaround measures.
Key Operating Statistics (KOS): STORM approach to measuring performance that eliminates conflicting information for an accurate reflection of financial and operating performance. Based on focused measurements, this data allows management to react quickly to negative trends and maximize rectification.
Post-Bankruptcy Action Plan/ Emergence Plan: Customized, 100-Day action plan developed by STORM Lead Advisors to help companies navigate the negative mindset that often accompanies Chapter 11 environment. This process involves careful analysis and strategic goal setting to provide the most positive experience possible for clients.