But downturns present strategic opportunities, too. In fact, many more companies achieve dramatic gains during recessions than in normal times.
How to ensure your company emerges successful? In Winning in Turbulence, a new volume in the Memo to the CEO series, Bain & Company downturn strategist Darrell Rigby provides the playbook. He presents a powerful framework and diagnostic tool (available in the book and online) for assessing three dimensions of your situation:Your industry's sensitivity: How hard is it hit by this downturn?Your company's strategic position: Are you an industry leader or follower?Your firm's financial position, including cash reserves.
The author then explains how to craft an action plan tailored to the situation you've diagnosed, providing tools for:Cutting costs intelligently-sustaining your margins and brandBoosting revenue by refocusing your sales force on the right customersChanneling resources into your core businessesPreparing for bold moves, such as game-changing acquisitions
Timely and practical, this book positions you to survive a downturn and emerge stronger once the recovery begins.
Risk Management and Financial Institutions, Fifth Edition explains all aspects of financial risk and financial institution regulation, helping you better understand the financial markets—and their potential dangers. Inside, you’ll learn the different types of risk, how and where they appear in different types of institutions, and how the regulatory structure of each institution affects risk management practices. Comprehensive ancillary materials include software, practice questions, and all necessary teaching supplements, facilitating more complete understanding and providing an ultimate learning resource.
All financial professionals need to understand and quantify the risks associated with their decisions. This book provides a complete guide to risk management with the most up to date information.
• Understand how risk affects different types of financial institutions
• Learn the different types of risk and how they are managed
• Study the most current regulatory issues that deal with risk
• Get the help you need, whether you’re a student or a professional
Risk management has become increasingly important in recent years and a deep understanding is essential for anyone working in the finance industry; today, risk management is part of everyone's job. For complete information and comprehensive coverage of the latest industry issues and practices, Risk Management and Financial Institutions, Fifth Edition is an informative, authoritative guide.
Good Profit: How Creating Value for Others Built One of the World’s Most Successful Companies is a nonfiction book that outlines the management strategy of Charles G. Koch, the chief executive officer (CEO) of Koch Industries, Inc. It builds on his 2007 book, The Science of Success: How Market-Based Management Built the World’s Largest Private Company, by including guidance on how to apply his management strategies, and answers questions about Koch Industries’s success and failures…
PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book.
Inside this Instaread of Good Profit:
· Overview of the book
· Important People
· Key Takeaways
· Analysis of Key Takeaways