The Phoenix Effect (Review and Analysis of Pate and Platt's Book)

By BusinessNews Publishing

The must-read summary of Carter Pate and Harlan Platt's book: "The Phoenix Effect: 9 Revitalizing Strategies No Business Can Do Without".

This complete summary of the ideas from Carter Pate and Harlan Platt's book "The Phoenix Effect" answers one of the biggest questions in the business environment: why do so many successful companies fail? In their book, the authors present their research and conclude that these failures are the result of managers that refuse to accept that they are losing and fail to take action. This summary provides a detailed insight into the reasons behind business failures, meaning you can keep an eye on your own strategies and know when it's time to act.

Added-value of this summary:
• Save time
• Understand key concepts
• Expand your business knowledge

To learn more, read "The Phoenix Effect" and discover how you can ensure that failures in your company are spotted in time and turned around.

• Language: English
• Publisher: Business Book Summaries
• Release date: Sep 29, 2014
• ISBN: 9782511016756

Book preview

Book Presentation

The Phoenix Effect by Carter Pate and Harlan Platt

Book Abstract

About the Author

Important Note About This Ebook

Summary of The Phoenix Effect (Carter Pate and Harlan Platt)

Before Beginning: Get to the point of all the pain

Strategy #1: Decide on the firm’s optimum scope

Strategy #2: Orient and then differentiate the business

Strategy #3: Decide on the best size for the business

Strategy #4: Handle debt

Strategy #5: Get the most from your working capital

Strategy #6: Get the most from your employees

Strategy #7: Turn out well positioned products

Strategy #8: Find the best way to produce the product

Strategy #9: Improve the firm’s functional processes

Book Abstract

MAIN IDEA

From time to time, just about all businesses face a need to improve their performance. Generally speaking, these demands for change come in three strengths:

Good companies are seeking to become great companies by undergoing a bit of a corporate tune-up.

Troubled companies realize they have serious problems – and therefore a corporate turnaround program is needed.

Companies facing a crisis need sound crisis management if they are to snatch success from the jaws of imminent failure.

The Phoenix Effect is a set of nine strategies which can be used in all three situations to revitalize a business. In essence, these strategies take a firm from where it is today to where it wants to be in the future as effectively as possible. They are the strategies of planning, engineering and then delivering a great comeback. The Phoenix Effect strategies are those used by good companies which endure through good times and bad.

"America is a metaphor for second chances. Built on comebacks, it is the one culture where failures nearly always get another crack at success, providing they display the