Page 105 - Stakis Consolidated Teaching Note
P. 105

1991 to 1992 Sir Lewis Robertson & David Michaels

                 (the professionals).


                               Where are                Where are                How do we
                                we now?                 we going?                 get there?


                            Internal Environment
                            Appointment of LR & DM (S)
                            Bank standstill agreed (S)
                            Centralisation & financial
                            control (S)
                            Company Diversification (W)
                            Debt & high gearing (W)

             Stakis                                                               Implementation
             Aims                                      Strategic Choice           Cost and asset
             Strategic                                 Survival, improve          reduction & disposal,
             Objectives                                cash flow,                 rationalisation
                                                       portfolio
                                                       restructuring
                            External Environment
                            Restructuring (O)                                     Monitor
                            Rationalisation (O)
                            Market penetration (O)                                Reduction in company
                                                                                  costs, balance sheet.
                            Acquisition target (T)
                            Interest Rates (T)

                                       Re-Appraisal
                                       Management
                                       restructuring, portfolio
                                       analysis.


                 Figure 22
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