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Harvard Business Review on Turnarounds ("Harvard Business Review" Paperback) (Paperback)

by Harvard (Author) "THE NEW ECONOMY has ushered in great business opportunities-and great turmoil ..." (more)

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Product details

Paperback: 208 pages
Publisher: Harvard Business School Press (1 Oct 2001)
Language English
ISBN-10: 1578516366
ISBN-13: 978-1578516360
Product Dimensions: 20.6 x 14 x 1.5 cm

Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)

Amazon.co.uk Sales Rank: 206,252 in Books (See Bestsellers in Books)

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This item is part of The Harvard Business Review Paperback Series.

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Product Description

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

From the Publisher

HBR on Turnarounds:
 Provides both analytical thinking and compelling "First Person" stories about successful turnarounds.
 Includes perspectives from such diverse figures as Rich Teerlink, Gary Hamel, and Bill Parcels.
 HBR on Change and HBR on Leadership have been two of our best-selling paperbacks. Looking to build on the strengths of the previous volumes without competing with them, we have put together two all-new collections on closely related subjects.

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Inside This Book (Learn More)

First Sentence
THE NEW ECONOMY has ushered in great business opportunities-and great turmoil. Read the first page

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5.0 out of 5 stars Obviously, much easier said than done...., 26 Oct 2005

By	Robert Morris (Dallas, Texas) - See all my reviews (TOP 100 REVIEWER) (REAL NAME)

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 is a selection of brief excerpts from the executive summaries with precede each of three:

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."

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."

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."

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.

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