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OverviewWhen 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. Full Product DetailsAuthor: Pradip ChandaPublisher: SAGE Publications India Pvt Ltd Imprint: SAGE Publications India Pvt Ltd Weight: 0.230kg ISBN: 9789386062420ISBN 10: 9386062429 Pages: 200 Publication Date: 14 December 2016 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsPreface 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 IndexReviewsIn 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 Author InformationPradip 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 maintaining 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 development with Unilever and GlaxoSmithKline, based in Bombay, Delhi and London. In 1985, Pradip shifted to the entertainment industry as president and CEO of Gramophone Co. of India Ltd, better known as HMV. HMV’s turnaround, from the verge of closure to its re-emergence as the #1 music company in India, is perhaps the most successful restructuring case in India of its time. While, at HMV, Pradip made a significant contribution in steering the adoption of an internationally acceptable IP protection 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. Tab Content 6Author Website:Countries AvailableAll regions |
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