Harvard Business Review on Turnarounds
Average customer rating: 4 out of 5 stars
  • Could be better
  • Obviously, much easier said than done....
  • Harvard Business Review on turnarounds.
Harvard Business Review on Turnarounds
Harvard Business Review
Manufacturer: Harvard Business School Press
ProductGroup: Book
Binding: Paperback

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ASIN: 1578516366

Book Description

Features the latest theories on change management and real-world stories of successful turnaround efforts.

Customer Reviews:

3 out of 5 stars Could be better.......2007-01-11

Rather disappointing with what I considered largely facile commentary ~ yes entertaining but not illuminating

5 out of 5 stars Obviously, much easier said than done...........2005-10-26


This is one in a series of several dozen volumes which comprise the "Harvard Business Review Paperback Series." Each offers direct, convenient, and inexpensive access to the best thinking on the given subject in articles originally published by the Harvard Business School Review. I strongly recommend all of the volumes in the series. The individual titles are listed at this Web site: www.hbsp.harvard.edu. The authors of various articles are among the world's most highly regarding experts on the given subject. Each volume has been carefully edited. Supplementary commentaries are also provided in most of the volumes, as is an "About the Contributors" section which usually includes suggestions of other sources which some readers may wish to explore. In this volume, the reader is provided with eight articles. Here are brief excerpts from the executive summaries with precede three of them:

Cracking the Code of Change (Michael Beer and Nitin Nohria): "In this article, [the authors] describe two archetypes -- or theories of corporate transformation that may help executives crack the code of change. Theory E is change based on economic value: shareholder value is the only legitimate measure of success, and change often involves heavy use of economic incentives, layoffs, downsizing, and restructuring. Theory O is change based on organizational capability: the goal is to build and strengthen corporate value." (May-June 2000)

Turning Goals into Results (Jim Collins): "In this article, [Collins] introduces the catalytic mechanism, a simple yet powerful managerial tool that helps translate lofty aspirations into concrete reality. Catalytic mechanisms are the crucial link between objectives and performance; they are a galvanizing, nonbureaucratic means to turn one into another...[They share] five characteristics. First, they produce desired results in unpredictable ways. Second, they distribute power for the benefit of the overall system, often to the discomfort of those who traditionally hold power. Third, catalytic mechanisms have teeth. Fourth, they eject `viruses' -- those people who don't share the company's core values. Finally, they produce an ongoing effect." (July-August 1999)

Changing the Way We Change (Richard Pascale, Mark Millemann, and Linda Gioja): "The authors identify three interventions that will restore companies to vital agility ands then keep them in good health: incorporating employees fully into the principal business challenges facing the company; leading the organization in a different way in order to sharpen and maintain incorporation and constructive stress; and instilling mental disciplines that will make people behave differently and then help them sustain their new behavior." (November-December 1997)

Hopefully these brief excerpts encourage those with whom I now share them to obtain a copy of this volume and then read each of the eight articles. Those who share my passion for athletic competition will be especially interested in Bill Parcells' article, The Tough Work of Turning Around a Team. His efforts to do so here in Dallas continue.

4 out of 5 stars Harvard Business Review on turnarounds........2005-08-05

Many airlines worldwide are ailing. Many large airlines have been liquidated or are facing serious viability challenges. I work for an airline association which, among other things, seeks to find solutions to turnaround the fortunes of the legacy airlines. After searching for a book to guide me in this regard, I came across Harvard Business Review on Turnarounds.

The book proved to be useful as it is a collection of articles highlighting how others have effectively managed change and turned around failing organisations. From the compelling stories about successful turnarounds, one can also distil some ideas and principles that can be used to effect successful turnarounds. This book would be a useful reading for those people in businesses that require to be re-energising or revitalising to stay competitive and be customer focused.
Harvard Business Review on Corporate Strategy (Harvard Business Review Paperback Series)
Average customer rating: 4 out of 5 stars
  • Good for corporations, too heavy for small business
  • Theories on Strategy backed by real life examples.
  • First mover advantage on corporate strategy research?
Harvard Business Review on Corporate Strategy (Harvard Business Review Paperback Series)
David J. Collis , Cynthia A. Montgomery , Michael Goold , Andrew Campbell , C. K. Prahalad , Kenneth Lieberthal , and Stuart L. Hart
Manufacturer: Harvard Business School Press
ProductGroup: Book
Binding: Paperback

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ASIN: 1578511429

Book Description

Leading Minds and Landmark Ideas In An Easily Accessible Format

From the preeminent thinkers whose work has defined an entire field to the rising stars who will redefine the way we think about business, The Harvard Business Review Paperback Series delivers the fundamental information today's professionals need to stay competitive in a fast-moving world.

This essential reference is for readers who need to stay up-to-date on the new rules and evolving ideas that are shaping today's corporate strategies. A Harvard Business Review Paperback.

Customer Reviews:

4 out of 5 stars Good for corporations, too heavy for small business.......2004-08-20

Some of the theories were tough to get through, although I'm sure some people will love this. I prefer it more practical, so the part where it talks about what makes for good corporate strategy was good. The book shows five tests to determine if a resource can be the basis for an effective strategy. So many corporations need this!

5 out of 5 stars Theories on Strategy backed by real life examples........2003-08-12

This is another excellent collection of essays from Harvard Business Review and the topic is Corporate Strategy. 8 essays in a little less than 250 pages address various corporate strategies that can be useful if you are in a similar situation.

These are very interesting theories and it is fascinating to read them with all the real life examples. If you don't enjoy pure strategy, some of the material may feel dull though. This book goes into the guts of what makes for good corporate strategy. It starts out with a chapter on Creating Corporate Advantage where you are exposed to examples of companies that leveraged their multibusiness capabilities extremely well to create a serious corporate advantage (the companies are Tyco International, Sharp, The Newell Company, and Saatchi and Saatchi).

The book then moves on to the strategy in the 1990s with a focus on competing on resources. Five tests are put forward that should help determine if a resource can qualify to be the basis for an effective strategy.

The rest of the book addresses topics such as Synergy, Strategies for a Sustainable World, Emerging Markets, Competing on Capabilities, Parenting Advantage (the kind of businesses a company should own), etc.

Overall, the book has some very serious discussions on Corporate Strategies. Some of these may not be as relevant to the particular situation you are in, but most would be if you work in a large organization. I picked up the book to see what I could learn on strategy for small businesses but this isn't the book for that. Though these lessons could be applied when the small business starts transforming into a large business. Bottom line - this book is an interesting read especially if you are in an MBA program or are part of the upper management of a large corporation. Enjoy!

3 out of 5 stars First mover advantage on corporate strategy research?.......2000-12-14

Many scholors have been researching in corporate strategy so far.And now this theme seems to be coming back.Too much emphasis on competitive strategy and business strategy of business units are likely criticized indeed. Mulibusiness corporations really need the optimal fit between corporate strategy and business strategy.This book is the one of challenging and quick respoce to that trend. The faster The better..... I don't know.But difinitely it is worth while reading for practitioner and researchers in this field. Including A.D.Chandler's discussion, outstanding papers of harvard business review are contained. Probably you will find new standpoint of academic field.
Harvard Business Review on Corporate Governance (Harvard Business Review Paperback Series)
Average customer rating: 3 out of 5 stars
  • a variable overview about governance
Harvard Business Review on Corporate Governance (Harvard Business Review Paperback Series)
Walter J. Salmon , Jay William Lorsch , Gordon Donaldson , John Pound , Jay Alden Conger , David Finegold , and Edward E. Lawler
Manufacturer: Harvard Business School Press
ProductGroup: Book
Binding: Paperback

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ASIN: 1578512379

Book Description

Leading Minds and Landmark Ideas In An Easily Accessible Format

From the preeminent thinkers whose work has defined an entire field to the rising stars who will redefine the way we think about business, The Harvard Business Review Paperback Series delivers the fundamental information today's professionals need to stay competitive in a fast-moving world.

Corporate governance can raise many difficult leadership, strategy, and policy questions within an organization. Harvard Business Review on Corporate Governance is an essential reference, focusing on both policy and strategic challenges, for senior managers working with boards or dealing with governance issues. A Harvard Business Review Paperback.

Customer Reviews:

3 out of 5 stars a variable overview about governance.......2000-07-24

This paperback is designed to be a reference, focusing on both policy and strategic challenges for senior managers working with Boards and Board members. Some of the chapters are articles; others are transcripts of interviews with key business leaders.

Like any edited series, there is a range of quality here.

Some of the pieces are far-out prescriptions from academics that will never see the light of day.

And some of the pieces are practical, thought-provoking ideas written by academics, consultants, and Board members themselves.

For example, Walter Solomon serves on the Board of Neiman Marcus Group, Hannaford Brothers Company, Tufts Health Plan, and Circuit City Stores. He has an excellent article that provides a framework for Board size and composition.

Philip Caldwell is former CEO of Ford Motor Company and former member of the Boards of the following companies: Chase Manhattan, Federated Department, and the Kellogg Company. He notes that the selection of the CEO is one of the most important roles of a Board. It is in the interests of the company that there be viable internal candidates and that the Board have options. It is sometimes in the interests of the incumbent CEO that the CEO be the one to nominate the one and only internal candidate.

For this reason, the Board needs to annually monitor CEO Succession development. The Board also must make sure the program is focused on the competencies of chief executive officers. For example, being a better team player may or may not be a critical issue in the role of CEO. Great team players don't necessarily make great CEOs.

World View: Global Strategies for the New Economy (The Harvard Business Review Book Series)
Average customer rating: 4 out of 5 stars
  • Useful, but interesting for what it leaves out.
  • Lessons of Globalization!
  • Unique and Abundant Insights
  • What we are about to live
World View: Global Strategies for the New Economy (The Harvard Business Review Book Series)

Manufacturer: Harvard Business School Press
ProductGroup: Book
Binding: Hardcover

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ASIN: 1578511852

Book Description

How to Globalize to Survive in the New Economy

At a time in which globalization impacts corporate strategy as never before, corporate leaders are challenged to consider all the implications of a new global economy. Characterized by a myriad of competing forces, this new global economy is highlighted by unprecedented advances in technology of all kinds.

With such unrelenting change blurring the view, corporate leaders need the benefit of the best thinking in order to focus on the right global strategies. World View offers just such thinking, featuring examples of strategies and best practices used by successful companies worldwide in moving toward global markets. In his introduction to this collection of Harvard Business Review articles, editor Jeffrey Garten pinpoints five emerging themes:

* Operating in a global market requires CEOs to rethink every aspect of their strategies.
* The best strategies require that organizations gather massive amounts of information and process it effectively.
* Companies that succeed on a global scale are constant innovators, learning and implementing simultaneously.
* Great global companies create cultures conducive to extensive internal and external collaboration and networking.
* Radical change brings unprecedented opportunity to capture markets and enhance shareholder value.

Seeing globalization through the eyes of leading thinkers and executives who have mastered its challenges, World View presents forward-thinking insights for corporate leaders determined to succeed in the always-new and uncertain global economy. A Harvard Business Review Book.

Customer Reviews:

3 out of 5 stars Useful, but interesting for what it leaves out........2006-02-09

The thematic collections of articles from the Harvard Business Review are clearly popular enough to justify more. This one is on globalisation and its implications. As ever, the articles selected are well organised, with a useful short introduction.

As with several of the collections, the really interesting thing is what is not covered. To an observer, three of the things that are really uncertain in the global economy, with large potential implications for global strategy, are financial instability, the growth of consumer dissent and activism and the pressure to build environmental sustainability. The first two topics do not appear at all and the third is represented only by an interview with the CEO of a company that has since changed its name, apparently as a direct of result of customer backlash to its chosen path to sustainability.

The impression is of a book that represents a somewhat complacent corporate conventional wisdom, in which change will occur in ways that we understand and can, within limits, control and more radical possibilities are comfortably not in contemplation. The failure of the Kyoto conference has amply demonstrated this lack of vision. As AtKisson and Hawken have pointed out, the obvious response to the problem of global warming is a large - and, in even the medium term, potentially enormously profitable for someone - thrust to bring on the hydrogen economy. Yet, as far as one can determine from the reports, this solution was not even seriously raised, let alone debated.

A true 'world view' is likely to see strategies that are much more radical and much less comfortable for conservative business, than this collection seems to suggest.

5 out of 5 stars Lessons of Globalization!.......2001-05-24

I am impressed on Garten's and his contributor writers telling MNCs past lessons trying to penetrate into Asia's markets in India and China. I find it interesting especially local companies tried to sort strategies since there are no longer consider as monopoly to counter-attack before they enter the market! This will give local producers to be much more competitive than before. Eventually, they repaired their reputation and efficient production and service than before!MNCs need to worry much especially they don't understand the Asian culture and taste! It may be a suicide mission if MNCs don't study the culture and the background of the country! Although the population in India and China approxed 2.2 billion doesn't mean that it is a 100% peneteration! These may find on Part 1: Emerging Markets and Part 2: Europe and Asia This book is highly recommended to Asian Small-Medium Entrepreneurship and asian big corporate companies as it is important to know how much competitive market as the world trade tariff walls declined! It is undoubtfully an excellent book!

5 out of 5 stars Unique and Abundant Insights.......2001-02-11

Many organizations are now struggling to formulate global strategies for the New Economy. Garten has assembled sixteen different essays in which various experts identify a number of different strategies to consider and then suggest how such strategies could be implemented. The material is organized within four Parts:

Emerging Markets [eg Prahalad and Lieberthal on "The End of Corporate Imperialism"]

Europe and Asia [eg Williamson on "Asia's New Competitive Game"]

Corporate Strategies [eg Porter on "Clusters and the New Economics of Competition]

Leadership [three interviews: Victor Fung, Robert B. Shapiro, and John Browne]

Garten then provides Executive Summaries and About the Contributors, both sections giving the reader a frame-of-reference within which to evaluate the specific essays and their respective authors. Garten is eminently well-qualified. You are urged to check out another of his books, The Mind of the C.E.O., in which he shares what he learned from interviews with 40 CEOs of major global corporations.

In the Introduction, Garten identifies several "common themes" revealed throughout the sixteen essays: operating in a global market requires CEOs to rethink everything about their strategies -- even what strategy means in an environment which is changing so fast and is so brutally competitive; the best strategies require organizations that are set up for gathering massive amounts of information and processing it effectively; companies that succeed on a global scale are constant innovators; great global companies create a culture conducive to extensive internal and external collaboration; and finally, virtually all of the authors agree that change is brining unprecedented opportunity to capture markets and enhance shareholder value.

Who will derive the greatest benefit from this superb anthology of separate but inter-related essays? Obviously, the governing board members and other senior executives of global organizations (which include but are not limited to for-profits) as well as CEOs of companies which include one or more of the global organizations among their own clients. Also, business students at the undergraduate and graduate levels who seek a single-volume source of information and insight concerning global strategies for the New Economy. (Have you checked out the price of textbooks lately?) For those in need of additional sources, Garten provides an abundance of them in the "About the Contributors" section.

Those who share my high regard for this book should also check out Dun & Bradstreet's Guide to Doing Business Around the World (Morrison et al) and also, if relevant, Doing Business in Asia (Dunung) and/or The New Silk Road (Stuttard's observations on doing business in China). Having accurate and sufficient information is obviously very important but without an appropriate strategy, information cannot be effectively leveraged. Hence the importance of the diverse and abundant wisdom which is so readily available in this book.

4 out of 5 stars What we are about to live.......2000-05-03

In this world of changes we must know our next future. This book brings us these informations. Garten handles a torchlight to the future of the world and organizations. It is surprising how he connects the wires and alll we have to do is just follow the line of the words. Undoubtfully is a great book.
Estrategias de Crecimiento / Strategies for Growth (Harvard Business Review (Paperback))
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    Estrategias de Crecimiento / Strategies for Growth (Harvard Business Review (Paperback))
    Planeta
    Manufacturer: Planeta
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    Finance for Corporate Growth (Harvard Business Review Paperback Series)
    Average customer rating: Not rated
      Finance for Corporate Growth (Harvard Business Review Paperback Series)
      Harvard Business Review
      Manufacturer: Harvard Business School Press
      ProductGroup: Book
      Binding: Paperback

      Strategy & CompetitionStrategy & Competition | Management & Leadership | Business & Investing | Subjects | Books
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      ASIN: 0875842925

      Book Description

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      How competitive forces shape strategy (Harvard business review)
      Average customer rating: 5 out of 5 stars
      • How Competitive Forces Shape Strategy
      • Strategy formulation = Coping with five competitive forces
      How competitive forces shape strategy (Harvard business review)
      Michael E Porter
      Manufacturer: Harvard Business School Press
      ProductGroup: Book
      Binding: Unknown Binding

      Strategy & CompetitionStrategy & Competition | Management & Leadership | Business & Investing | Subjects | Books
      Strategy PlanningStrategy Planning | Harvard Business School Press | By Publisher | Business & Investing | Subjects | Books
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      5. Competitive Strategy: Techniques for Analyzing Industries and Competitors Competitive Strategy: Techniques for Analyzing Industries and Competitors

      ASIN: B000727QYO

      Download Description

      Many factors determine the nature of competition, including not only rivals, but also the economics of particular industries, new entrants, the bargaining power of customers and suppliers, and the threat of substitute services or products. A strategic plan of action based on this might include: positioning the company so that its capabilities provide the best defense against the competitive forces; influencing the balance of forces through strategic moves; and anticipating shifts in the factors underlying competitive forces. McKinsey Award Winner.

      Customer Reviews:

      5 out of 5 stars How Competitive Forces Shape Strategy.......2006-01-22

      Michael Porter is a guru on competition and strategic planning. His article "How Competitive Forces Shape Strategy" is so powerful and incisive that any serious manager wishing to devise strategies to cope with competition in his/her industry needs to read, understand and be fully conversant with the five basic forces which Porter states determines the state of competition in an industry.

      According to Porter, competition in an industry is rooted in its underlying economics. There are forces that go beyond the established rivals in a particular industry. The five forces are:

      * The bargaining power of customers
      * The bargaining power of suppliers
      * The threats of new entrants
      * The threat of substitute products and services
      * Rivalry among the existing competitors.

      The collective strengths of the five forces determine the ultimate profit potential of an industry. The task of the corporate strategist is to find a position in the industry where his/her company can best defend itself against the forces or can influence them in his favour. The strongest competitive force or forces determine the profitability of an industry and these are very essential in strategy formulation.

      Every industry has an underlying structure that give rise to the five competitive forces. The strategist needs to know what drives the industry if he/she is to position the firm to effectively cope with the environment or influence the environment.

      After assessing the forces affecting competition in an industry and their underlying causes, the strategic planner can identify the company's strengths and weaknesses. Strategy can be viewed as building defences against the competitive forces or finding positions in the industry where the forces are weakest.

      This is an excellent article which is well presented. It is recommended reading for managers as it will certainly assist them in analysing competitive forces in their industry. I also recommend the article to students studying management, business studies or doing and MBA.

      5 out of 5 stars Strategy formulation = Coping with five competitive forces.......2001-10-28

      Michael E. Porter is a Harvard Business School professor and a leading authority on competition. He has written several important novels and articles in the field of competition and strategic management. This article, published in the March-April 1979 issue of Harvard Business Review, meant the start of a great string of articles by Michael E. Porter. More importantly, it was the start of the positioning school in the field of strategic management.

      "The essence of strategy formulation is coping with competition. ... intense competition in an industry is neother coincidence nor bad luck." The state of competition in an industry depends on five basic forces: (1) jockeying among current competitors, (2) threat of new entrants, (3) bargaining power of suppliers, (4), bargaining power of customers, and (5) threat of substitute products or services. The author describes each force in detail and its consequence on competition. The collective strength of these forces determines the ultimate profit potential of an industry, and it is the goal to find a position in the industry where the company can best defend itself against these forces or can influence them in its favor. The company needs to identify its strengths and weaknesses, and compare these against the underlying causes of each force. Then the company can devise a plan of action that may include (1) positioning the company, and/or (2) influencing the balance of the forces through strategic moves, and/or (3) exploiting industry change before opponents recognize it.

      This article was awarded with the McKinsey Award (= best article in Harvard Business Review that year) and no reader will be surprised. It is a truly great article, and I must admit one of my all-time favorites. It will be remembered most for its introduction of the five competitive forces. Some people have criticized Michael Porter's framework(s) for being too static, but he has responded to those critics in his 1996-article 'What is Strategy?'. I would recommend this article to anybody in management and certainly all MBA-students. This is the first article you should read on strategic management! And to be followed up with Michael Porter's 1980-classic 'Competitive Strategy'. The article is written in simple US-English.

      UN Codex Fiscal Hermopolite (American Studies in Papyrology)
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        UN Codex Fiscal Hermopolite (American Studies in Papyrology)
        Jean Gascou
        Manufacturer: Scholars Press
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