Corporate-level Strategy: Creating Value in the Multibusiness Company - Tapa dura

Advance praise for Corporate-Level Strategy. "At last a book that cuts through all the corporate jargon and academic generalizations to answer the question 'Does the corporate parent create or destroy value for the organization?' The authors suggest a simple yet compelling framework for making this determination. Must reading for students and practitioners alike." -Robert Cizik Chairman and Chief Executive Officer Cooper Industries "In an era when the role of corporate-level management is quite justifiably being questioned and challenged, it is refreshing to find a book that clearly shows how parent companies can add rather than destroy value in their businesses. As we would expect of these world class authorities, Goold, Campbell, and Alexander have leveraged their fascinating research findings into an eminently readable and highly practical book." -Chris Bartlett Professor Harvard Business School "A vital and deeply researched contribution to thinking about corporate strategy." -Gary Hamel London Business School "I am very impressed by the extensive work on which this book is based, and by the concept of parenting advantage that it puts forward." -Yasutaka Obayashi Senior General Manager, Corporate Strategy Canon "Great companies grow, they don't just cut. With breakups and restructuring done, corporate parenting is coming back. Goold, Campbell, and Alexander have produced a comprehensive and intelligent book which should become a standard guide on the subject." -Tom Hout Vice President The Boston Consulting Group "A perceptive and valuable insight into an often underestimated area of strategy. This book clearly demonstrates the importance of parenting to the longer term development and prosperity of multibusiness companies." -Alan R. Jackson Chief Executive, BTR "I am glad someone has so well and so fully shed light on this important body of thinking." -Sigurd Reinton Director, McKinsey & Company, 1981-1988

"A vital and deeply researched contribution to thinking about corporate strategy." -Professor Gary Hamel London Business School This groundbreaking book on corporate-level strategy is the fruit of ten years of consulting and research with corporations in North America, Europe, and Japan. Michael Goold, Andrew Campbell, and Marcus Alexander have focused on the question of how parent companies create-or destroy-value in the businesses making up their organizations. They propose a new approach to the management of multibusiness companies, based on the goal of "parenting advantage": being the best parent for each of the businesses in the corporate portfolio. Multibusiness corporations around the globe are grappling with fundamental questions about what businesses their companies should be in, and how they should structure and influence their businesses. For many companies, restructuring and divestitures seem to be the sensible solution. But the authors of Corporate-Level Strategy show that size and diversity are not necessarily problems. More often than not, the fatal flaw is not the range of businesses in the portfolio, but the lack of a corporate strategy that will add any value to them. Corporate-Level Strategy arms senior managers and corporate planners with a set of proven strategic principles and clear guidelines for successfully managing a diverse, multibusiness company. Citing lessons learned from their experiences at companies such as Emerson, 3M, and GE in the USA; Canon in Japan; BTR, Shell, and Unilever in Europe; and a host of other prominent multibusiness organizations around the world, the authors demonstrate that developing a clear corporate-level strategy to achieve parenting advantage is essential to the successful management of a multibusiness corporation. They show how and why corporate strategy differs from business unit strategy, why parents often inadvertently destroy value through their influence, and what the ingredients of a successful, value-creating corporate strategy are. They uncover a number of fundamental paradoxes parents encounter in their efforts to add value, and describe ways in which these paradoxes can be overcome. To help in the planning process, the authors provide managers with a framework for assessing and reorienting their company's corporate-level strategy, and they provide a set of planning tools, checklists, and a worked example that will help planners to apply the concepts covered throughout the book. Offering new solutions for the crucial problems confronting multibusiness companies worldwide, Corporate-Level Strategy is an indispensable guide for senior managers and corporate planners.