Leadership in the Era of Economic Uncertainty: Managing in a Downturn
There is no better person than Ram Charan to provideadvice on managing in a downturn. -Larry Bossidy, former Chairman & CEO Honeywell International Inc. This is all classic guru writing, stressing the extremity of the situation. But from Charan - who has already brought us bestsellers such as Execution and What the CEO Wants You to Know - it seems plausible. His forte is bold advice, delivered with convincing rhetoric. And he has completed his new text just at the right time. --Financial TimesAs a business leader today, you face anunprecedented challenge: the worldwideeconomic downturn. Cash and credit aredwindling, sales forecasts are dismal, andmorale is sinking. This is not a time to reflect.It is a time to act, decide, and energize yourpeople-with urgency. This is your moment. Are you up to the task? In Leadership in the Era of EconomicUncertainty, Ram Charan helps you steeryour business through the minefield ofcontracting markets, cash shortages, andongoing uncertainty. No matter what yourleadership role, Charan's insight will helpensure that your business emerges leaner,stronger, and well in front of the competition. We will not know when we have turned thecorner, and we cannot envision the shapeand scope of the world that will emerge, Charan writes. What we can be sure of isthat this is a time of tumultuous change, andwith change come both danger and opportunity. In this concise and highly accessibleguide, the author provides practical actionsyou can execute immediately to Protect cash flow vigilantly, even daily,and use cash more efficientlyUse ground intelligence to survive thestorm and position your businessto thrive in the aftermathDevelop a better understandingof your customersReevaluate your pricing strategy andcapital expendituresUse cost cutting strategically Using examples and case studies, Leadershipin the Era of Economic Uncertainty illustrateshow leaders at DuPont, Hanesbrands,Wipro, and other companies used Charan'stechniques to get results. The chaos of global economic meltdown hasimposed an urgency you have never beforeexperienced. It's a scary thing, but it can alsobe exciting-if you're prepared.