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| Author: | Chakravarthy, B |
| Title: | The Process og Transformation: In Search of Nirvana |
| Journal: | European Management Journal
1996 : VOL. 14:6, p. 529-539 |
| Index terms: | CORPORATE RESTRUCTURING ORGANIZATIONAL CHANGE ORGANIZATIONAL STRUCTURE STRATEGIC MANAGEMENT BUSINESS POLICY |
| Language: | eng |
| Abstract: | Models of corporate transformation typically distinguish a sequence of three stages: Restructuring, Revitalization, and Renewal. The last on comes closest to corporate Nirvana. However, there are very few examples of firms that have progressed successfully through all three stages. What is important is that the path to corporate Nirvana includes from the start the nurturing of all the organizational behaviors essential to a firm's renewal and revitalization even during the restructuring stage of its transformation. Bala Chakravarthy illustrates from an example of the decade long transformation of the large European telecommunications equipment manufacturer, Alcatel Standard Electrica SA, ASESA under the leadership of its new CEO - Miguel Canalejo. |
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