"The simultaneous pursuit of growth and profitability is one of the most exquisite-and difficult-leadership dilemmas. Bala Chakravarthy and Peter Lorange provide penetrating insights and persuasive real-life examples on how a company can address this dilemma through continuous renewal and internal entrepreneurship. Unusual for books on leadership, their discussion spans from theory through practical implementation." -Nick Shreiber, Former President & CEO, Tetra Pak Group "A continuous renewal of the firm's businesses is essential for driving its profitable growth. This book gives credible insights and rich examples on how these renewal strategies can be shaped and executed successfully. I am recommending it to my key managers and business friends-essential reading!" -Peter Brabeck-Letmathe, Chairman & CEO, Nestle Drawing on extensive research with world-class companies, this book introduces four proven strategies for continuous renewal. You'll discover powerful ways to protect and extend your core businesses; capture new opportunities distant from them; and "bridge" these two strategies with two others to evolve towards profitable diversification. Then, through real-world case studies from great companies around the world, you'll learn how to execute on these strategies-achieving superior growth and profitability in any business environment. *Craft a "shared strategic architecture" for growth and profitability Protect, extend, transform, build, and leverage *Execute on your renewal strategies successfully Integrate your efforts, encourage entrepreneurship, and manage risks *Wield the tools of implementation Utilize organic growth, acquisitions, and alliances more effectively *Share one stage and one script Find the right roles for leaders, managers, and internal entrepreneurs *Promote continuous renewal from the top Set vision, values, and culture...and manage the dilemmas of continuous renewal Sustaining Growth and Profitability: World-Class Strategies, Proven Execution Techniques! *Mastering the secret of growth and profitability: continuous renewal *Emerging best practices from today's most successful companies, worldwide *Protecting, extending, leveraging, building, and transforming your core *Deploying organic growth, acquisitions, and alliances intelligently Growth and profitability. You need both. This book shows how to get both. It combines a complete strategic framework with start-to-finish execution techniques-all based on advanced research reflecting the best practices of today's most successful companies. Through detailed case studies, the authors show how to sustain growth and profitability by protecting and extending your current market position, evolving to adjacent areas, and entering entirely new markets. You'll discover better ways to integrate organic growth, acquisitions and alliances; task managers at all levels in the organization appropriately; and manage the non-stop dilemmas and tradeoffs you'll face along the way.
Les mer
Chapter 1: The Performance Dilemmas Part I: Strategy Chapter 2: Renewal Strategies Chapter 3: Continuous Renewal Chapter 4: A Blended Approach Part II: Execution Chapter 5: The Entrepreneur-Manager Chapter 6: Sponsoring Renewal Chapter 7: Directing Renewal Epilogue Chapter 8: The Multi-Actor Process Appendixes Appendix A: The Empirical StudyAppendix B: Performance Across SubsectorsAppendix C: Performance Across Firm SizesAppendix D: Performance Across RegionsAppendix E: Major Firms in the Field Study References
Les mer
Driving profitable growth is not easy. This book provides tools and a framework for successfully sustaining profitable growth. The book is organized in two parts: Part I devoted to strategy and part II to execution. The author's begin by presenting four renewal strategies: protecting and extending, transforming, building, and leveraging, and illustrate how the latter two can be combined to ensure continuous renewal and sustain profitable growth. In Part II, the authors focus on the execution of renewal strategies. It examines the characteristics of the entrepreneur-manager, who is often the driver of renewal within an organization, explains how to locate a suitable organizational home for the project, presents ways to create support for its implementation, and coaching the entrepreneur-manager to success. The book then goes on to examine the role that top leadership must take in this process, including providing the overarching vision, values and culture to promote continuous renewal, and in managing the inevitable dilemmas in executing it.
Les mer

Produktdetaljer

ISBN
9780133158304
Publisert
2012
Utgiver
Vendor
Financial Times Prentice Hall
Vekt
100 gr
Høyde
100 mm
Bredde
100 mm
Dybde
100 mm
Aldersnivå
06, P
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
256

Biographical note

Dr. Bala Chakravarthy is Professor of Strategy and International Management at IMD, where he holds the Shell Chair in Sustainable Business Growth. His areas of expertise include strategy process, corporate entrepreneurship, and managing organic growth. He has served on the Board of the Strategic Management Society, and is an Inaugural Fellow of that society.

Dr. Peter Lorange is President of IMD and Nestle Professor of International Business. His areas of expertise include strategy process, joint ventures, and international strategy. He serves as a board member for several corporations, and is an Inaugural Fellow of the Strategic Management Society.