Profit or growth? : why you dont have to choose /
Bala Chakravarthy, Peter Lorange.
- Upper Saddle River, N.J. : Wharton School Pub, c2007.
- xiv, 173 p. : ill ; 24 cm.
Includes bibliographical references (p. 151-154) and index.
List of figures About the authors Acknowledgements 1 The performance dilemmas p. 1 The elusive targets p. 1 Tension between profitability and growth p. 3 Managing performance dilemmas p. 4 Wisdom from the field p. 7 Driving profitable growth p. 8 About this book p. 13 What to expect p. 14 Pt. 1 Strategy 2 Renewal strategies p. 19 Renovation and innovation p. 20 The traditional renewal strategies p. 21 Protecting and extending the core p. 23 Transforming the core p. 27 Two important bridging strategies p. 28 Leveraging the core p. 29 Building the core p. 31 Risks in renewal p. 36 Summary p. 41 3 Continuous renewal p. 43 Continuous renewal strategies p. 44 An exemplar: Best Buy p. 45 Summary p. 55 4 A blended approach p. 57 The wrong preoccupation p. 58 Supporting the transform strategy p. 61 Supporting the protect and extend strategy p. 63 Supporting the build strategy p. 65 Supporting the leverage strategy p. 69 A blended approach to spurring continuous renewal p. 72 An exemplar: Medtronic p. 75 Summary p. 80 Pt. 2 Execution 5 The entrepreneur-manager p. 85 Skills of an entrepreneur-manager p. 90 Personal traits p. 96 Professional experience p. 99 Summary p. 102 6 Sponsoring renewal p. 103 Defining the scope of a renewal project p. 104 Staffing the renewal project p. 108 Locating a proper organisational home p. 111 Tailoring the context for implementation p. 116 Coaching and support p. 121 Summary p. 122 7 Directing renewal p. 125 Continuity and change p. 126 Accountability and sharing p. 135 Managing dilemmas p. 138 Summary p. 141 8 The multi-actor process p. 143 Renewal strategies p. 143 The entrepreneur-manager p. 144 The sponsor's role p. 147 Top management support p. 148 The outcomes p. 149 Summary p. 150 Notes p. 151 Appendices p. 155 1 The empirical study p. 155 2 Performance across sub sectors p. 159 3 Performance across firm sizes p. 165 4 Performance across regions p. 166 5 Major firms in the field study p. 167 Index.
To be successful every company needs to be profitable, show continuous growth and be able to sustain both over time. This is the first book to uniquely combine the strategies you need to grow and be profitable. The ultimate guide to business success.
9780273711728
Strategic planning. Organizational effectiveness. Industrial management. Success in business. Strategic process continuous renewal.