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Thursday, June 21, 2007
I admire Marc Andressen - a pioneer of sorts in many things of the internet revolution. I liked his earlier post on venture capitalists. I was a little taken aback when I read his advise on turnaround strategies for big companies(>5000 employees). I read it, re-read it - liked the style and respect the time and effort that has gone behing in coming with the post, but found the contents misaligned. In my view, turnaround strategies are far more involved and calls for more deep thinking and the best turnaround strategy may not prescriptive at all - if anything it has got to be lot more context specific involving industry trends, vision, execution skills, resource base etc. In this age of private equity, turnaround and transforamtion strategies tend to take very many different paths. Read the views of Zoli and Larry Dignan on this. But do read the response that Marc provides for the comments posted therein.
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