This is indeed an interesting question which is probably relevant for quite a lot of users, so I am happy to provide my perspective on it:
- Generally speaking, I would advise you to think about the three dimension “value”, “people” and “process”, both as a structural anchor as well as for the content:
- Value: Obviously, the client should try to maximize the value of the divison by increasing the key underlying metric (normally some profitability or cashflow figure). For obvious reason, he should have a look at 1) commercial excellence, 2) cost reduction and 3) capital efficiency.
- People: The client should think about 1) having the best people engaged with the sale of the division while 2) making sure to keep the high performers of the divison attached to the company.
- Process: Obviously, the client needs to define and choreograph the sales process, e.g. by defining what potential buyers to offer the sale.
In case you want a more detailed discussion on how to best answer complex questions with several dimensions, please feel free to contact me directly.
I hope this helps,