Overseeing business turnarounds and saving companies from themselves with Paul Fioravanti

This week, we are speaking with Paul Fioravanti, CEO and Managing Partner of Qorval Partners. Qorval is a boutique management consulting, turnaround, restructuring and advisory firm, founded in 1996. 

Together, we speak about how Paul leads company turnarounds and restructurings, and some of his biggest and most challenging cases. We also talk about the characteristics of good leaders and one of his non-work passions: painting.   

3 Takeaways:

1. (14:30) Governance can do more damage than management
2. (16:07) The biggest change opportunity is when leadership and governance admit they have a problem and are willing to do something about it
3. (20:50) “Culture in an organization is determined by the worst behavior an organization tolerates”

Timestamps:

(00:00) Introducing Paul Fioravanti and Qorval Partners

(02:55) What does Qorval do for a company?

(05:00) Private equity firms

(07:05) What stands out as a challenging turnaround?

(12:05) How do you deliver a difficult message?

(15:00) Companies generally know what their issues are

(16:45) What stands out as good leadership characteristics?

(23:20) Why is painting important to you?

(25:30) Rapid fire questions

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