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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.
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.
“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.”
[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’.
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.