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One of the rare books on corporate turnaround stories in the Indian ecosystem—must read for practicing managers on how to lead through adversity and break corporate inertia to maintain excellence. First-hand account of the miraculous growth journey and cultural change of mammoth National Mineral Development Corporation (NMDC) and Hindustan Copper Limited (HCL)—both Public Sector Units, make it all the more exciting.
An abundance of publications have been written on the blueprints of organizational excellence; many of these examples are no longer valid today since quite a few of the mentioned enterprises no longer exist. This book gives a practical insight of a manager who has persevered to make things happen, devising winning strategies into genuine sustained results of two troubled organizations. A must read!
“The stories of the revivals are evidences of how important leadership is in any organisation—be it private or public.”
‘…must read for practicing managers on how to lead through adversity and break corporate inertia to maintain excellence.’
A fascinating insight into the challenges in managing diverse companies to success from radically different positions. The author speaks with authority and insight about how to achieve a turnaround in fortunes, not just for a failing company but also for what appeared on the surface to be a successful company.
The Sleeping Tigers is a fascinating story about the evolution and turnaround of two of India’s most significant public sector undertakings—Hindustan Copper Ltd and National Mineral Development Corporation Ltd. I have had the pleasure of meeting the author Mr Rana Som when he was Chairman of NMDC. It would be easy to assume that the book is a specifically Indian story, but in truth the lessons that come from it are universal.
An effort by author Rana Som to generate hope among all those who nourish the notion that PSEs do not have any future, and if they are sick, they should be consigned to the oblivion… The takeaways from the book includes a very reassuring contention that the trade unions are not un-manageable. Another key takeaway is that no expansion should take place at the cost of core competence.
Through this book author has put before all the interesting case studies form which managers can take out many leadership and management lessons. When people in organization rediscover and re-establish their inner strength with focused approach to achieve the defined goal, how things tur around in the business organizations, one can get to know form this book.