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The volcano of "Satyam's Great Fraud", an over Rs.7,000 crore swindle by its Chairman and CEO, Mr. Ramalinga Raju, the largest in India's known economic history, burst into the open during the chilly days of early January 2009, when the painfuyl dust of the Mumbai8 carnage of 26/11 was just starting to settle. Its debris inflicted painful wounds on the psyche of its over 50,000 employees, thousands of international customers, and millions of investors in India and abroad. Several of its bankers, financers, suppliers, auditors, and senior managers too did not escape monor economic and psychological wounds. The basic issue thrown up by this disgraceful fall of one of India's internationally iconic IT-brands, besides frauds and financial malfunctioning, is that of corporate mis-governance. Satyam is not the only culprit in the corporate forest of India. There are several Satyams in India's realty and infrastructure sectors where those in the know say that top politicians have dirtied their hands and faces fairly substantially. They are awaiting exposure which will require whistleblowers of exemplary courage and resourcefulness. On lower scales, as per the author's personal experience, minor Satyams happen every days in almost every Indian corporate identity, It will, indeed, be impossible to locate an exception. To sum up, Satyam basically highlights the issue of corporate mismanagement. This book elaborates the author's personal encounters with a number of situations of corporate mismanagement over a period of over 40 years during which he passed through unrighteous business environments. Each and every reader of this book, if he or she has some exposure to corporate work environment, is guaranteed emergence of a cascade of similar situations on their mental screen, while going through it.
A light and easy read with some serious and heavyweight messages, 'Seven Deadly Sins' is a 'must read' for all managers, would-be managers, management teachers, students of management and shareholders. In it the author explores some of the behavioural characteristics in management that can lead to sub-optimal financial performance and undermine both reputation and shareholder value. He supports his contentions by using examples from well publicised and high profile corporate events alongside personal insights and experiences from his interesting and varied career. The book offers food for thought for shareholders, both large and small, and for the managers who perpetrate the seven deadly sins. Emeritus Professor Henry Ellington summarised 'Seven Deadly Sins' as "excellent, well-written, extremely informative and helpful and (at times) highly amusing".
The Seven Fatal Management Sins is a candid, yet optimistic, assessment of the performance of today's managers. By looking at the responses of presidents and CEOs of Fortune 500 companies, directors of various corporate boards, business school deans, business school professors, union presidents, business news editors and other managers, this book identifies the seven fatal management sins and suggests bold new ways for managers to avoid them.
Renowned for its comprehensive, rigorous and case-rich approach, this resource trains future business leaders to analyse a wide range business issues, apply appropriate concepts and successfully implement business strategy. Strategic Management is written with practical usage in mind and is designed to suit the needs of both post-graduate and undergraduate students. The 5th edition brings the subject to life with ten brand-new in-depth case studies, covering a wide variety of Australian and international examples.
In The Seven Deadly Sins of Business, author of best-selling Fad Surfing in the Boardroom, Eileen Shapiro, turns her attention from management fads and gurus to the myths and beliefs that are at the root of all business decisions, good and bad. The Seven Deadly Sins of Business gives us greater control of our decisions by giving us the tools for seeing, testing and changing our key beliefs. Shapiro explores the seven most fundamental beliefs that drive the business decisions which determine our corporate futures. She provides signals to warn us when our beliefs are off-beam and risk becoming sins and shows how to bring them in line with business reality.
Inspired by the political realism of Niccolo Machiavelli, Stroud, a former UN candidate, US State Department Candidate, and current Human Rights Paralegal, explores the realm of political realism and what it takes to survive in a "needs vs wants" based world, while trying to hold onto your humanity at the same time. It is no easy task, but we will manage to attempt it!
An insightful look at how Kmart's management destroyed the company Kmart's Ten Deadly Sins spins an intriguing tale of the missteps of a retail giant who once had the industry in the palm of its hand and foolishly let it all slip away. This engaging book weaves corporate history in with financial analysis and commentary that leaves the reader with a better sense of where Kmart has been and what its potential is for a turnaround. This first in-depth examination of Kmart clearly identifies and discusses the ten missteps and miscalculations Kmart's CEOs have repeatedly made, including resisting investments in technology, brand mismanagement, and haphazard expansion, to name a few. Author Marcia Layton Turner taps many of her vast contacts within the retail business community to get the inside scoop on what really brought this once mighty retail giant to its knees. Kmart's Ten Deadly Sins is written for readers who find themselves wondering how a company with such bright prospects could end up filing for bankruptcy. Marcia Layton Turner (Rochester, NY) is the bestselling author of The Unofficial Guide to Starting a Small Business and The Complete Idiot's Guide to Starting Your Own Business. With an MBA in corporate strategy and marketing from the University of Michigan, she spent several years with Eastman Kodak in marketing and marketing communications. She is currently a freelance writer/author and ghostwriter for college-level business textbooks. Turner has also written for several top magazines and Web sites.