A company memoir that explains Nortel Networks' death. it really is advised from the point of view of association improvement, by means of the previous head of OD.
In January of 2009, Nortel Networks, a hundred-year-old corporation with a industry capitalization of over $200 Billion, that had peaked at $30 Billion in revenues and hired over 100,000 humans all over the world, declared bankruptcy!
Unwilling to restructure, it liquidated its resources, bringing an fantastic $8 Billion into the property, in general from the worth of its highbrow estate, its patents and items. regrettably, this funds languishes in escrow, hurting retirees and pensioners, whereas bondholders and different collectors vie in courts world wide for a bigger share.
How may well such a longtime, winning corporation, jam-packed with such a lot of clever, devoted, unswerving, tough operating and pushed staff have failed so completely?
No Fear:Tales of a transformation Agent explains a bit of the puzzle by means of accumulating own reviews and observations right into a enterprise memoir.
For 17 years, the writer labored continually, relentlessly, to aim to enhance the corporate. He held either line and employees roles, led over 1000 humans at one element, and but spent a number of years in someone contributor position, as an inner association improvement advisor, operating with the main senior govt team.
He was once good rewarded and liked, receiving promotions, bonuses and awards. yet he used to be additionally pissed off, nervous that the terror established tradition could ultimately doom the corporate. He attempted to impact tradition and management, the principles had to construct huge scale profitable companies within the wisdom Age.
He frequently succeeded, yet simply in the community, with person leaders and enterprise teams, by no means permitting adequate swap on the corporation broad point and not having access to the main senior governing physique, the Board of Directors.
During his trip, he had promised many staff and co-workers that he could by no means cease attempting to leverage the educational that he used to be getting from the entire painful transitions, be they failed tasks or downsizings.
The essence of that studying is captured during this booklet. The illustrative anecdotes are set in enterprise and industry contexts to demonstrate how a superb, multinational company might fail from a vulnerable culture.
The e-book may still end up enlightening to ex-Nortel staff, shoppers and shareholders, but in addition to association improvement, switch administration and different Human source pros. The reflections and conclusions are learn and information established in order that the exterior view of what occurred is attuned with the author's inner view.