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Business Restructuring: An Action Template for Reducing Cost and Growing Profit

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Business Restructuring: An Action Template for Reducing Cost and Growing Profit

Carla Zilka

ISBN: 978-0-470-55960-4 October 2009 224 Pages

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Description

An effective, long-term strategy for maintaining corporate growth, profit and competitive edge

Depicting a progressive emergent framework for long-term growth, profitability, and success, Business Restructuring: An Action Template for Reducing Cost and Growing Profit employs an integrated approach incorporating several of the most popular methodologies and best-in-class practices into a single proven framework.

Beginning with an overview of restructuring and what is needed up-front to be successful, this "How to Cookbook" helps you

  • Understand business restructuring and cost reduction techniques
  • How to transform any organization into one that is high performing
  • Realize efficiencies through the reorganization of resources, improving processes, and identifying outsourcing opportunities
  • Sustain results and achieve continued efficiency, profitability, and growth
  • Describes the right leadership team dynamics to make sure the changes stick

Whether you are a business leader or manager, Business Restructuring takes you through a logical series of steps that will provide you with immediately useful tactics to apply on a regular basis to achieve immediate results, as well as a long-term roadmap to deliver performance excellence and increase shareholder value.

Foreword ix

Preface xiii

Acknowledgments xvii

Chapter 1: Restructuring for Success: The 10-Minute Check 1

Why You Need to Restructure

Are Your Key Financial Indicators Telling You Something?

Notes

Chapter 2: The Playbook: A Comprehensive Approach 13

Creating a Foundation for Success

Flexible Platform for Achieving Results

Chapter 3: Putting the Playbook into Action 29

Building A Winning Team

Equipping Your Team With the Necessary Tools

Note

Chapter 4: Setting the Baseline 49

Moving from Unconscious Incompetence to Conscious Incompetence

You Are Here

How Fit Is Your Organization?

How Robust Are Your Processes?

Notes

Chapter 5: Ready to Launch 69

Kicking Off Your Restructuring Project

So You Think You Can Change?

Notes

Chapter 6: Executing the Framework 89

Moving from Conscious Incompetence to Conscious Competence

Organizational Efficiency

Business Process Improvement

Business Process Outsourcing

Business Process Outsourcing as a Key Enabler for Restructuring

Notes

Chapter 7: Leadership Essentials for Success 143

Do You Have What It Takes?

Plans versus People

Keirsey Temperament Sorter

Implication 1: Certain Leaders Have Certain Talents

Implication 2: Changing a Leader to Fit

Implication 3: Assessing and Aligning for the Right Roles

Case Study: Can We Compete in This Arena?

Notes

Chapter 8: Continuous Improvement 161

Moving from Conscious Competence to Unconscious Competence

CI Organization Structure and Roles

CI Dashboard

Training

Knowledge Management

Linkages to CI

Note

Chapter 9: Summary of Lessons Learned 181

Glossary 185

Index 199