Profit or Growth?: Why You Don't Have to Choose

“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 &amp; 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 &amp; CEO, Nestlé 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.

Business & Money

Chakravarthy, Bala

Lorange, Peter

Management & Leadership

Pearson P T R

Ft Press

Despite the importance of achieving sustainable profitable growth, evidence reveals that very few companies actually manage to show either of these, let alone both.  In fact there is often tension between revenue growth and increased profitability, as well as between short term gains and sustainable long-term performance. Executives who can become skilled at balancing these conflicting goals will reap the rewards and this book shows you how to become one of them. Drawing on extensive research carried out with more than 5000 of the world's largest companies, including Nestle, Nokia and Shell, authors Chakravarthy and Lorange show you that to bring about genuinely sustainable profitable growth, business leaders must continually transform and renew their organisations.   The book explores the four strategies to use to achieve growth through renewal: protecting and extending your core business, exploring new opportunities and capabilities, building, and leveraging. The authors explain each strategy, and the behaviours and techniques needed to apply it, using examples from international firms like Ericsson, Wal-mart and Hewlett Packard.  Read this book, and you will find out that the role of executives at every level is essential in delivering the transformations required to produce profitable growth. You will then learn how to adapt your own behaviour in both strategic planning and in management to deliver sustainable profitable growth for your company.

Profit or Growth?: Why you don't have to choose

Pearson Education Canada

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Books by Chakravarthy, Bala