Billion Dollar Turnaround: The 3m Spinoff That Became Imation

This is the amazing but true story told in first person of a fearless CEO, his management team, and a company that was deep in debt and losing money. Anyone who wants to make a business more profitable and competitive will find it of great value, and it is essential reading for those who find themselves in a life or death, turnaround situation. In a lively and engaging way, William T. Monahan explains how he and his executive team transformed seven money-losing business units with $2.4 billion in sales that were spun off from 3M Company into a dynamic, top-performing business called Imation. He explains how a new corporate culture of performance was created and outlines techniques anyone can use to focus a business for success while determining which opportunities to pursue and which to pass up. In a highly-readable and easily understood way, he tells how he and his team took a company that was $450 million in debt and losing money all the way to one with more than $475 million in cash and no debt, while repurchasing almost $200 million of its stock. Today, Imation not only is profitable, the company is the world leader in removable digital storage media, boasting twice the market share of its closest competitor.This is a must-read for any executive who is judged by the financial performance of the business under his or her direction.
ASIN: 1892538229
VSKU: BVV.1892538229.G
Condition: Good
Author/Artist:William T. Monahan
Binding: Hardcover
Note: Any images shown are stock photographs and product may differ from what is shown.
Condition Notes: The item shows wear from consistent use, but it remains in good condition and works perfectly. All pages and cover are intact including the dust cover, if applicable . Spine may show signs of wear. Pages may include limited notes and highlighting. May NOT include discs, access code or other supplemental materials.