Profit or Growth?, Soundview Executive Summary
Chakravarthy and Lorange have teamed up to give readers proven strategies to protect and extend core businesses, capture new opportunities that seem to be distant, and then bridge those strategies with two others to move towards profitable diversification. The authors also provide real-world case studies from which the reader can learn how to execute these strategies to the fullest advantage –– achieving growth and profitability.
Conventional wisdom dictates that a firm cannot have both sustained growth and strong profitability — it must choose one or the other. Conventional wisdom is wrong. In Profit or Growth?, Bala Chakravarthy and Peter Lorange share their extensive experience and research in identifying the core strategy required to achieve both growth and profitability — continuous renewal — and the efforts needed to put this strategy into action.
Drawing on comprehensive research with world-class companies, Profit or Growth? 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. By following these strategies and properly executing them, you will learn how to achieve both superior growth and profitability in any business environment.
What performance dilemmas are and how to manage them
How to find and nurture managers who are renewal-minded
The four essential renewal strategies: protect and extend your core business, leverage the core, build the core, and transform the core
How to use the complementary means of organic growth, acquisitions and alliances to achieve the goal of continuous renewal
How a firm’s leadership — including executives and entrepreneur-managers — can foster, sponsor and direct renewal Soundview works closely with the leading business book publishers to offer summaries of the 30 best business books of the year to its more than 100,000 worldwide subscribers. Soundview offers summaries in print, audio and digital formats for delivery by mail and online. They now offer topic-based summary collections designed for the iPhone® and iPod Touch®.
