"Billion Dollar Turnaround" tells how a 3M spinoff of under-performing business units was transformed into IMATION, the world leader in removable digital storage media.
Richmond, VA (PRWEB) August 2, 2005 -- The publisher of a book called "Billion Dollar Turnaround," due in stores in early fall, is offering advance copies for a third off cover on its Web site, saying the book can be of benefit to any manager who is judged by the financial performance of the business under his or her direction.
"We're doing this to get the word out," said Stephen Martin, Publisher. "We believe this may be the most important business book of 2005, given today's highly-competitive global economy, because it explains how a business that was up against stiff Japanese competition, losing money, and deep in debt, became number one in its category, awash in cash, and highly profitable. It's a fascinating read that provides a clear road map any executive can follow."
The author, former IMATION Chairman and CEO 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. He tells 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 conveys 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 is not only profitable, it is the world leader in removable digital storage media, boasting twice the market share of each of its closest competitors, Fuji and Maxell. This is a must-read for any executive who has profit and loss responsibility, and now's the time to get it. The cover price of this hardcover book is $23.95 but advance copies are currently being offered for only $15.99 at http://www.LeanTransformation.com, the publisher's Web site for its business books.
Founded in 1995, The Oaklea Press publishes fiction, self-help, how-to, and business books. Two of its business titles are transforming industry worldwide: "Lean Transformation: How to Change Your Business into a Lean Enterprise" and "Product Development for the Lean Enterprise: Why Toyota's System is Four Times More Productive and How You Can Implement It."
Contact: Stephen H. Martin
Voice: 1-800-295-4066
E-Mail: SHMartin@OakleaPress.com
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