When ailing companies are on the brink of collapse, the biggest question that owners have is whether a turnaround effort is worth shedding blood, sweat or tears over. Employees and the labour union believe that a turnaround is always possible; all that is required is a change in management. Shareholders will be sceptical and wonder whether further resources should be showered on an under-performing company, preferring to liquidate saleable assets.
This book explains how smart managers unlock the value of hidden or neglected assets to successfully turn such cases around. In proposing a 'frugal turnaround' approach, the book advocates tapping the existing resources rather than just pumping money or changing top leadership.
Rezensionen / Stimmen
In this book Pradip Chanda has distilled years of personal experience into powerful lessons for leading such a turnaround. Every senior business leader would benefit from reading this book. -- Sunil Gupta, * Edward W. Carter Professor of Business, Harvard Business School * In a disruptive scenario, practically every business faces crisis one time or the other and this book will sensitize you about the challenges, doable action plan and strategies. -- Dr Anil K. Khandelwal, * Former Chairman, Bank of Baroda and author of the bestselling book Dare to Lead * "In this book Pradip Chanda has distilled years of personal experience into powerful lessons for leading such a turnaround. Every senior business leader would benefit from reading this book." -- Sunil Gupta, [The book] walks us through the roadblocks faced by some companies, especially firms on the verge of collapse, and how they figured out that a few changes in the system could enable a complete turnaround, turning a 'sick' unit into a highly successful one. Hidden between the pages of the book is the secret of how organizations with the right resources and efforts have the ability to 'rise like a phoenix'.
-- Businessworld, 22 July 2017 Both academics as well as practicing managers may find this book useful and practical, primarily because it draws on the author's own experience as a turnaround CEO at HMV and turnaround consultant to many other companies to expand on four key components of a turnaround framework - asset utilization, cost management, renewal and rethinking business model. -- Abhigyan, April - June2017
Auflage
Sprache
Verlagsort
Zielgruppe
Maße
Höhe: 216 mm
Breite: 140 mm
Gewicht
ISBN-13
978-93-86062-42-0 (9789386062420)
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Schweitzer Klassifikation
Pradip Chanda is a management consultant, author, columnist and noted speaker on the subject of corporate turnarounds and start-ups.
During a corporate career lasting more than 40 years, including 20 as a CEO, Pradip's core competency has been the ability to conceptualize and champion clear business strategies while main-taining focus on achieving operational results.
Following graduation from Calcutta University, Pradip began his working career as a management trainee at Hindustan Unilever Ltd, Bombay in 1966. He spent the next 19 years holding senior management positions in marketing and new product develop-ment with Unilever and GlaxoSmithKline, based in Bombay, Delhi and London.
In 1985, Pradip shifted to the entertainment industry as presi-dent and CEO of Gramophone Co. of India Ltd, better known as HMV. HMV's turnaround, from the verge of closure to its re-emer-gence as the #1 music company in India, is perhaps the most suc-cessful restructuring case in India of its time.
While, at HMV, Pradip made a significant contribution in steering the adoption of an internationally acceptable IP protec-tion regime for entertainment software in India, and setting up anti-piracy initiatives as the president of Indian Phonographic Industry (1986-93), an affiliate of IFPI (International Federation of Phonographic Industries).
Since 2002 Pradip has worn a number of different hats-author, business strategy consultant, professor, mentor to three start-ups in media, entertainment and technology.
Preface
Acknowledgements
The Challenge of Turnarounds: A Day in the Life of a Turnaround CEO
Down Memory Lane: The HMV Story
A Tale of Passion: The Bharat Tiles Story
Early Distress Signals: Consequences of Turning a Blind Eye
The Perennial Dilemma: Turnaround or Exit
The Journey Begins: What Business Are We in?
The Building Blocks: Unlocking the Value of Under-utilized Assets
Opportunity Knocks Only Once: Sub-optimal Utilization of Assets
Who Leads the Way?: The Profile of a Turnaround CEO
People Matter: The Turnaround Organization
Core Values of a Company: Winning with Grace
Getting Ready for the Future: Sustainable Survival and Growth Strategies
Epilogue
Index
