Summary of Leadership in the Era of Economic Uncertainty

Managing in a Downturn

McGraw-Hill, more...

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Leadership in the Era of Economic Uncertainty book summary
Ram Charan’s newest management book offers savvy advice on leading your business through recession.

Rating

8 Overall

9 Applicability

6 Innovation

8 Style

Recommendation

This short, pointed book by one of America’s leading management thinkers offers a checklist of to-do steps for managers who are coping with the economic crisis. Ram Charan covers all the bases: the board of directors, chief officers, operations, sales, research and development, and more. He offers direct, unambiguous, actionable advice for managing at each level, including: manage for cash, watch the numbers, know which customers to fire and recognize that annual targets make no sense when demand is unpredictable. Charan’s record as a coach to CEOs and as an author of best-selling business books speaks for itself. In this book, getAbstract finds that he more than lives up to his reputation, avoiding jargon, generalizations and lofty theoretical pronouncements to focus on what managers must do now for their companies to survive.

In this summary, you will learn

  • What demands the current global economic crisis places on managers
  • What managers must do to cope
  • Why some companies will be stronger after the crisis than they were before it happened
 

Summary

When Crisis Strikes, Covet Cash
In the midst of an economic downturn, monitoring and managing cash are among your most important responsibilities. Know your company’s liquidity level every day. Track your daily cash flow and weekly changes in working capital. Make sure that every executive...
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About the Author

Ram Charan is the co-author of Execution and Confronting Reality, and the author of What the CEO Wants You to Know. A noted expert on business strategy, he has coached some of the world’s most successful CEOs.


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