Many business consultants (lawyers, chartered accountants, auditors, consultancy firms, etc.) are often involved in the drafting and discussion of recovery plans for companies in a state of crisis or – in any case – base their work on the reliability of the recovery plans and the related financial flows.
In the majority of the cases, the main cause of the crisis is the inadequate performance of the core business and, therefore, most of the risks of the recovery plan lie in:
- the suitability of the operational interventions for resolving the causes of the business crisis;
- the reliability of the timing and estimated costs/benefits for said operational recovery interventions;
TIM’s managers and partners can be involved – including on a daily base – in verifying the operational and industrial part of the plan and – if required – are available to take on the execution of the plan following its approval.
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