Reviews (2)

Oil and honor is an exhaustive and fascinating history...
Oil and honor is an exhaustive and fascinating history, although it falls short of spectacularly engaging. Petzinger does an excellent job of recounting the facts and context of this chapter of financial history. Ultimately, the book is constrained by the subject -- the minutiae of merger document negotiation and court room hagling pale in comparison to the book's earlier section on the forces and personalities behind the disputed transaction. Nevertheless, the book is an excellent addition to one's financial history library.

Brian Wayne Wells, Esquire, reviews "Oil and Honor"
Thomas Petzinger's first book, Oil and Honor (1987), relates the same story that won him a Pulitzer Prize nomiation in 1985 as he covered the story of the buy out Getty Oil by Texaco for the Wall Street Journal.

Reading this book one can see why he received the nomination. Petzinger's writing style draws the reader in just like a good novel. It is a cliche to say that the reader will not want to put the book down. However, in this case, that cliche entirely fits. It is a great high drama. ... Read more

Book Description

Tap the Power of Alliance Networks

Inspired by the so-called virtual corporation, the opportunistic formation of short-term strategic pairings is the chief means by which today?s companies are realizing growth. In The Power of Two, two acknowledged business-alliance experts take readers step-by-step through a proven, powerful method for successfully building a network of strategic alliances and for managing such networks via an alliance manager. Packed with examples, augmented with a wealth of assessment tools and charts, it?s the most authoritative, user friendly guide to mastering this important, emerging business stratagem currently available. ... Read more

Reviews (4)

Insightful!
M&A, the strategy of choice for CEOs in the 1990s, is being relegated to the dustbin of history by partnerships, the flexible, efficient alternative for a global market. As such, executives must learn a new set of skills that focus on creating, strengthening and maintaining relationships. These abilities are the antithesis of the hard-nosed deal-making tactics you learned in business school.
The authors take the concept of partnering farther than many businesspeople will be willing to go when they suggest sharing their business secrets and ideas with everyone from hot start-ups to venerable competitors. But we [...] recommend this short, concise book to high-level executives in need of a partnership primer.

OUTSTANDING!
The Power of Two is a must read for any alliances professional!

This ground-breaking book will become a business classic.
I gave my only copy away, thus some thoughts from memory! We are preparing the first national awareness and research-fundraising campaign for both Alzheimer's and Parkinson's, the two largest (and closely related) degenerative, neurological diseases. Sadly, after 4,000+ hours of my volunteer labor plus another 5,000+ hours of selfless contributions from 36+ volunteers nationwide, since August 1996, we have not found one organization that even comes close to believing or practicing "The Power of Two". Fortunately, we have found and built lasting relationships with INDIVIDUALS that believe and practice the all-important principles explained eloquently, yet in plain English, by the authors of Power of Two. The Power of Two is now required reading for our leadership and for leadership of any organization hoping to associate with us. This powerful book really should be considered by all CEOs of for-profit and non-for-profit organizations as a litmus test for all prospective alliance or JV partners, as well as suppliers and associates; i.e., if others don't qualify as Power of Two participants (and the authors explain how to easily make this determination), then don't waste any more time in "exploring a relationship" or "furthering business discussions"...cut your losses and move on until you locate a Power of Two organization or individual. We have the authors of this essential book to thank for finally giving us a road-map of how to select partners (of all sorts really) and then how to make the partnership or alliance, etc. WORK. How to maximize results. How to stay accountable with all concerned. And how to know when the Power of Two relationship has served its purpose (or not done so), and thus should end. Our mission is to discover how to prevent and control Alzheimer's and Parkinson's by the year 2011. To do so will almost certainly require hundreds of millions of strategically-placed medical research dollars. But most importantly, any sizable task in today's world, including the awesome challenge our Foundation is dedicated to, must be accomplished on a firm foundation of trusted, reliable, empowering, energizing and synergistic RELATIONSHIPS. The Power of Two shows us the way. To all leaders or would-be leaders, if you only read three books this year, make sure this is one! And finally, I am not related to, nor have I met, The Power of Two authors! And I own no stock in Anderson Consulting or the book's publisher!

Ground breaking tretise on forming business alliances
The book Power of Two, is a must read for anyone who needs insightful advice for hands-on alliance building. The book offers a planning tactic that is both practical and effective. I have used this book as a major resource in my workplace when creating a partnership with one of our most important vendors, a vendor that supplies a necessary IT infrastructure that is critical to our business success. If you need a straight forward, strategic approach to business alliances, this is the book for you. ... Read more

Book Description

Real-world strategies for overcoming roadblocks and making the most out of your company's acquisitions.

Despite the economic downturn, the corporate marriage frenzy continues to proceed at fever pitch, as companies reach beyond their traditional boundaries to gain access to resources, expertise, and markets. But after the ink is dry, most experiments in corporate acquisition fail to live up to expectations. In The Morning After, Stephen and Shannon Rye Wall showcase dozens of cases to identify the seven common myths and misconceptions of mergers and offer a wealth of concrete tools for leading and sustaining successful collaborations. ... Read more

Reviews (1)

A weak sister to two masterpieces
As a corporate executive, I am always seeking material that will provide new insights into ensuring deal success. This book doesn't offer much. Many of the major findings I've either read before in newspapers or come straight from the pages of more detailed books on how to succeed at M&A. There is not a lot of detail on following through with particular strategies and the idealism of the authors suggests that they have never been true players in the process. This book seems like a diluted version of the two pioneering books that have already said it all --"Joining Forces" and "Winning at Mergers & Acquisitions". In my opinion, no integration can truly work without implementing the guidance set forth in these two masterpieces. ... Read more

Amazon.com

Bang, bang: welcome to the culture of speed. Blur the Canadian origins. Ramp up international sales, especially to the U.S. Establish useful corporate alliances. Out go sluggish and dated product lines. Bye bye, redundant employees. Whoosh, grab companies with useful technologies like Bay Networks. Oops, down goes the stock price. Pull back, holding your breath. That's the story of Canada's Nortel Networks in a nutshell. More comprehensive detail about how Nortel established the groundwork for Internet-based corporatenetworks on wireless communications and fiber-optics connections is offered in Larry MacDonald's Nortel Networks: How Innovation and Vision Created a Network Giant.

Nortel started out in the late 19th century as the telephone-manufacturing arm of Bell Canada, originally building telephones based on the designs of a leading U.S. telecom manufacturer, Western Electric Co. For a time it also produced a host of consumer electrical products like fire alarms and radios, and served as a major supplier for the Canadian military during WW II. But by the late 1960s, Nortel began exploring digital telephone switches, long before other telecommunications companies, including U.S. behemoth AT&T, which became its eventual customer. In 2000, Nortel was spun off as an independent corporation by its parent company.

MacDonald, a technology writer for various newspapers, including the Ottawa Citizen and the Financial Post, and a former Canadian federal government economist, ably documents Nortel's history with a mixture of reportage and analysis. He calls the government's sanctioning of Nortel's monopolistic position as the preferred supplier for Bell Canada "a covert industrial policy"--one that allowed the company to grow into the international player that it is. What's in store for the future? MacDonald speculates that Nortel and its California-based competitor Cisco Systems will join forces. But then who would want to risk a bet on any predictions in the topsy-turvy world of technology? --Paul Weinberg ... Read more

Reviews (2)

The History of Telecommunications - ( Nortel Version)
Hello! - The magic word that was adopted as a standard to start a telephonic conversation in 1880. To me it was a surprise that we needed a standard to start a conversation. But then the technologies behind the millions of conversations and communications across the globe have constantly defied standards to create discontinuities at a rapid pace. Today, voice is a small component of the global traffic. Digitization has made it possible to carry Data, Voice and Video at unimaginable speeds - You can shift a large public library from coast to coast within 14 seconds. But this seems to be just the beginning. Amazed? Read on.

The book traces the history of telecommunications from the discovery of the telephone till today's high speed digital transmission through optic fibers. Nortel is at the center stage throughout the book while Cisco and Lucent are seen as its major competitors. The Telecom Industry is thus not a part of the "new economy" and players like Cisco are new players in the old economy Industry. This is what I infer from this book.The secret behind Nortel's success and survival for over hundred years , weathering economic and technological discontinuities seems to be its ability to continuously innovate through investments in R&D and by promoting an entrepreneurial work culture.

Nortel has been "at theright places at the right time"- Enchasing on discontinuities . Cisco is the champion in routing data traffic while Nortel is attempting to use its expertise in telephony and beat Cisco by using a combination ofpacket and circuit switching.

Also see my review on " Making the Cisco Connection- David Bunnell". I am not willing to take any bet!

A powerful theme lacks the punch of narration. Reads like a text book on telecom history.

Profile of a Network Giant
Throughout 14 crisp and lucid chapters, MacDonald explains "how innovation and vision created a network giant." First, he provides a brief history of the company and then identifies its key executives, from C.F. Wise, Sr. (president 1895-1913, chairman1914-1917) until Frank Carlucci (chairman, 1999-present). What a colorful history it has been thus far.

My primary interest, however, is in the company today and (especially) in its prospects for the future inthe face of what is certain to be ferocious competition. As MacDonald observes in the Introduction, "Nortel is at the forefront of laying down the information superhighways now revolutionizing the lives of everyone everywhere. Indeed, Nortel has a good-shot at becoming the number one provider of Internet infrastructure...This book, in providing a look at the emergence and prospects for Nortel, is, in part, an introduction to one of the biggest stories now unfolding: the fierce rivalry of three titans [ie Nortel, Cisco Systems, and Lucent Technologies] to construct and expand the networks of the future."

According to MacDonald, one of the main factors in the Nortel's success this far [i.e. when the book was published]has been its ability to capitalize on discontinuities,"those sudden breaks in the environment or the way things are done." For example, the transition from analog to digital telephonesystems, from wired to wireless communications, and from copper-based to fiber-optic transmission systems. Also, the deregulation of the telecommunications industry, allowance of interconnection to the telephone network by the FCC (1971), and then the break-up of the AT&T monopoly. MacDonald does a brilliant job of examining and explaining this theme of discontinuities as well as other themes which also relate to "the role of institutional arrangements" and to "the internal dynamics of the corporation."

As he thinks aboutan uncertain future, MacDonald suggests how Nortel has differentiated itself thus far from its two main rivals: its lead infiber optics, the relatively greater amount of its research anddevelopment, its greater diversification of both product andgeographic distribution, its speed advantage over Lucent to embrace growth opportunities of the Internet and IP networks, and through the leveraging of its strengths in optical transmission. Of course, how long Nortel can sustain these competitive advantages remained to be seen then and serious problems have since developed or have at least been revealed.

Who will derive the greatest benefit from reading this book? All of the executives now employed by Nortel, Cisco, and Lucent as well as by other "players" such as Siemens, Alcatel, and Ericsson. Also, all of the executives at other companies which now have (or seek) B2B relationships with any of the aforementioned "giants." Finally, other executives such as I who are not directly involved but are eager nonetheless to learn how and why some companies become "giants" (at least for a time) and others don't. I am deeply grateful to MacDonald for what I have learned from his book and thank him, also, for presenting his material with style,grace, and (when appropriate) a sense of humor. ... Read more

Book Description

A practical guide to anticipating and managing the stages of your company's growth-featuring Inc.'s Growth Strategy Analysis

Most organizations-whether large or small, public or private, profit or non-profit-have one thing in common: they want to grow. But why do some companies experience phenomenal growth year after year, regardless of changes in the marketplace, new technologies, fierce competition, and demands from shareholders, while others seem to hit a plateau or find themselves scrambling to keep up with the pack? Employing a powerful, field-tested diagnostic tool-the Inc. Growth Strategy Analysis -and showcasing dozens of colorful case examples, James Wood shows entrepreneurs and established business leaders alike how to analyze their organization's growth potential, identify the internal constraints to future growth, and put into practice the strategies that will enable them to break through to new levels of expansion and profit generation. ... Read more

Reviews (2)

The most practical approach to achieving growth.
Jim Wood's book is for every person who has considered, is considering, or should consider taking themselves and their business above and beyond. Wood approaches the topic of "how to grow" as if he and you were sitting next to one another on an airplane. Casually talking about his experiences, all the while drawing you in to details only someone who has "been there, done that" can do. Read this book and expand your business and personal horizons. -- C.H. Mackey

Hits the nail on the head.
From startup to INC 500 to FORTUNE 500, this book is a good first step in identifying what other pieces of information are needed to move up the ladder. Feels like a bird checking out the economic landscape. When you need to descend to the ground, this book will help you find which spot you have missed. Quite valuable as an entrepreneurial roadmap! ... Read more

Book Description

This book is intended to lay out, in a clear and intuitive as well as comprehensive way, what we know - or think we know - about mergers and acquisitions in the financial services sector. It evaluates their underlying drivers, factual evidence as to whether or not the basic economic concepts and strategic precepts are correct. It looks closely at the managerial dimensions in terms of the efficacy of merger implementation, notably the merger integration process. The focus is on enhancing shareholder value creation and the execution of strategies for the successful management of mergers.It also has a strong public-policy component in this "special" industry where successes can pay dividends and failures can cause serious problems that reach well beyond the financial services industry itself. The financial services sector is about halfway through one of the most dramatic periods of restructuring ever undergone by a major global industry. The impact of the restructuring has carried well beyond shareholders of the firms and involved into the domain of regulation and public policy as well as global competitive performance and economic growth. Financial services are a center of gravity of economic restructuring activity. M&A transactions in the financial sector comprise a surprisingly large share of the value of merger activity worldwide -- including only deals valued in excess of $100 million, during the period 1985-2000 there were approximately 233,700 M&A transactions worldwide in all industries, for a total volume of $15.8 trillion. Of this total, there were 166,200 mergers in the financial services industry (49.7%), valued at $8.5 trillion (54%). In all of restructuring frenzy, the financial sector has probably had far more than its share of strategic transactions that have failed or performed far below potential because of mistakes in basic strategy or mistakes in post-merger integration. It has also had its share of rousing successes.This book considers the key managerial issues, focusing on M&A transactions as a key tool of business strategy - "doing the right thing" to augment shareholder value. But in addition, the degree of integration required and the historic development of integration capabilities on the part of the acquiring firm, disruptions in human resources and firm leadership, cultural issues, timeliness of decision-making and interface management have co-equal importance - "doing it right." ... Read more

Book Description

The Groundwork of Company Valuation for First-time Buyers and Sellers

A Basic Guide for Valuing a Company has helped thousands of first-time buyers and sellers realize a fair, substantiated value for small businesses. Now in its Second Edition, this book covers common valuation techniques and myths, tips for determining tangible and intangible values, sample balance sheets and income statements, and approaches to valuing start-up technology and dot-com businesses.

This nuts-and-bolts guide addresses publicly traded and privately held firms, including traditional brick-and-mortar companies and the intellectual property industry.With a clear, concise writing style, the author walks readers through common practices for valuing, from collecting data to arriving at a saleable figure for all types of businesses, including professional practice, manufacturing, wholesale distributors, and a variety of retail operations. This new edition features perspectives on nontraditional valuation practices, guidance for using an excess earnings method, and an abundance of case studies from actual companies.

In order to make the most profitable decisions, before putting a business on the market or making an offer to acquire one, every beginning business purchaser and seller should read A Basic Guide for Valuing a Company, Second Edition. ... Read more

Reviews (8)

good conceptual overview
Good overview of valuation concepts, but if you want to sit down and actually come up with a number, try "Unlocking the Value of Your Business".

Great resource for novices
Will Yegge has the unique ability of being able to present a difficult subject in a logical, intelligent, concise and interesting manner.

Even though I have no background whatsoever in accounting, I was able to follow the information in this book and use it as my primary guide in valuing a company that I was interested in purchasing. It is a great resource for novices.

....unnecessarily and excruciatingly verbose!
Although his work on valuation techniques is straightforward in later chapters, the 1st several chapters do not do an adequate job of explaining the psychology of business valuation, buying or selling or the 'intangible' of business value. Words such as 'steeds' and 'pestilence' belong in literature, not reference manuals. Are Cliff Notes available to decipher just what these chapters are trying to communicate? I am trying to buy a business;lots of hard work lay ahead. Why must this book start off so unclear?

Professional approach with simple expaniations, easy to use
In preparation to sell my business for appx $10MM I sought many references on how to make a professional presentation and and use methodology that would be reasonable and logical to lead to a sale. Wilbur has doen a great job with this and his other book, How To Sell A business. I recommend that anyone read there two before putting a package together. I have had many favorable comments from both principals and brokers concerning the structure of the presentation I was able do make using Wilbur's help.

Excellent on both the "art" and "science" of valuation.
Just what I needed as a small business owner who needed a basic understanding of both the art and the science of valuing my company. Heavier read than it looks, since I didn't needed to know everything about non-related businesses. I did need to know how what factors must be considered and how complex some deals could be. Yegge speaks from experience and that is obvious, helpful and most comforting. ... Read more

Book Description

Culled from international experts writing for the Harvard Business Review and the McKinsey Quarterly, this book brings together the current thinking on cross-border alliances and acquisitions and their impact on global collaboration. A strategic and operational guide, it shows you the ``ropes'' when it comes to financial, legal and accounting issues in cross-border cooperation. Based on hundreds of case studies worldwide, this work gives you the results of a year-long study of current alliances that have been successful and shows how cross-border strategy approaches must be fine-tuned to meet the unique situations particular to geographic regions. ... Read more

Book Description

Drawing on the findings of the most ambitious national study to date on nonprofit strategic restructuring, the authors provide nonprofit managers, board members, consultants, and foundation executives with research-based information to use in making tough decisions about whether and how to pursue a range of organizational partnerships--from jointly managed programs and consolidated administrative functions to full-scale mergers. ... Read more

Book Description

Merger mania is at an all-time peak. Yet up to 80 percent of mergers fail because of culture clashes, mismanagement, and the chaos that ensues. Taking this failure rate into account, merger experts Thomas M. Grubb and Robert B. Lamb have written the first book that arms managers with strategies to exploit the many growth and profit opportunities created when competitors are coping with merger chaos. Grubb and Lamb show why firms miss huge financial opportunities when they stay passive while their competitors struggle in merger chaos. They present a fast-paced primer for action when your corporate rivals merge, based on six strategies:

Reviews (3)

An article's worth of good ideas, stretched into a big book
Fritz makes some excellent points here about identifying and resolving structural conflicts in organizations. As a 30 or 40 page article, with numerous real-life examples, it would have been an excellent "primer". As a full length read, though, you walk away feeling somewhat cheated: *There's no discussion of how to actually diagnose structure conflicts (which you need to make use of these concepts). *No mention of how to address more complex structural conflicts, where the resolution would have to occur over time. *And the discussion of "structural tension" provided here is just one piece of what you need to design an effective organization. Two other concerns: (1) The book is decidedly skimpy on real company examples. (2) The numerous pitches for Fritz's consulting and training practice become downright grating. Good ideas here, but not well presented.

Brilliant and revolutionary thinking
This is the textbook for building successful organizations and gaining control of unruly ones. A book for smart business people who will not be deceived by its apparent simplicity

Fritz's work is foundational to any other business info
A quote from the late W Edwards Deming reads: "94% of all problems in business and organizations are problems with structure and system, only 6% are problems with people." Who in your organization is the authority on these subjects? Unfortunately, at the age of 93 W. Edwards Deming passed away on Dec. 20th of 1993. Robert Fritz is today's authority and leading thinker about structure and system which will be critical to understand for success during this next century. Why are school children told what to think before being taught how to think? K-12 and university, collge teachers must incorporate Fritz's work if our children are to have a real competitive chance at a decent future. Corporate Tides is written very clearly using step by step logic, Quick Reviews, Laws and Axioms which makes the information easy to digest and incorporate. No matter what your current occupation, the work of Robert Fritz will greatly enhacnce your creative ability by providing knowledge of how to develop dynamic, resolving structures that lead to sucess. Sincerely, Russell W. Kukla PS: Why are school children told WHAT to memorize before being taught HOW to memorize? The basic structure used for building a powerful memory ability is the same basic structure that Robert Fritz teaches. Structure is everwhere? ... Read more

Book Description

To decide whether it's time to sell or keep your private company, you need to know and understand the options.Family business experts Mike Cohn and Jayne Pearl provide detailed steps for making the best possible decision.

The financial windfalls and market opportunities for selling your company are huge.But how do you know if that's the right choice for you?To find out, you need to understand both the practical and personal repercussions of your decision, as Mike Cohn and Jayne Pearl demonstrate in their insightful new book, Keep or Sell Your Business.Cohn and Pearl provide detailed steps for analyzing the state of your company, examining the opportunities to sell, weighing the benefits of keeping your company, and managing your wealth after the business is sold. ... Read more

Book Description

In the space of two years, dozens of the most famous companies in the United States have all elected to self-destruct: ITT, Grace, Marrion, AT&T, 3M, Baxter, Tenneco, Anheuser Busch, Ralston Purina, General Motors, Corning, Dial, and Dun & Bradstreet.

What on earth is going on?

As the authors of this hard-hitting book explain, what's going on is a rush to unlock the nearly $1 trillion worth of value currently trapped in unwieldy, unfocused, and badly managed big companies.

The means to this end is the spin-off. By carefully spinning off companies and divisions, conglomerates can transform themselves into lean, focused, and far more profitable organizations. The excised divisions, reformed into stand-alone businesses, also benefit. No longer hampered by corporate centers without expertise in their core businesses, they thrive.

Based on extensive research and executive interviews, Breakup! analyzes the spin-off phenomenon and tells business people what they need to know to get in on the action, whether they are managing their careers, planning strategy for their companies, or looking for investment opportunities. This book covers all the angles, giving the details on what market forces drive breakups, how breakups create value, who should break up, how to profit from a breakup, and how to wind up with a better job should your company break up.

Special features include an analysis of the Fortune 100, showing which companies have the most to gain from considering breakup, and a list of tips, drawn from interviews, for leading your company through a successful breakup. ... Read more

Reviews (1)

effectively challenges one of the basic tenets of management
This book is a must read for progressive managers. It provides indisputable evidence of the trend to anti-conglomeration and sets out in detail the U.S. companies within the top 100 that are prime candidates for such splits. For general business readers, it provides a critical review of a previously unchallenged business thesis- that bigger is better. This book is bound to be the talk of the business commentator circuit and the handbook for the Wall St. rainmakers. ... Read more

Book Description

Acquisitions and joint ventures have a good chance of success if they are implemented by appropriately trained teams with adequate preparation and pre-established procedures. Triantis discusses the resources and preparation required before acquisitions or joint ventures are attempted, and clearly lays out the roles and responsibilities of project participants. A practitioner with years of experience in strategic business development, Dr. Triantis identifies key issues, activities, and the sequence of events in screening, evaluating, negotiating, and implementing acquisitions and joint ventures, and the special challenges in conducting them internationally. Highly detailed, with a unique viewpoint that challenges prevailing orthodoxies, Dr. Triantis's step-by-step approach will be valuable not only for corporate M&A staffers but also for college-level teachers and students. ... Read more

Book Description

Most business owners begin their businesses with one goal: to become independently wealthy.In Deciding to Sell, Ned Minor shows business owners how to take charge of their decision to sell.Having coached hundreds of owners over 25 years, Minor synthesizes their trials and successes into this essential guide for owners considering whether or not to leave their companies. ... Read more

Book Description

After more than a century of proliferation and growth, the nonprofit sector has reached a crossroads. The continued success of an organization's mission no longer depends on fresh, new programs and the extension of services, but on innovative management and revitalized organizational structure. The time has come for all nonprofits to consider mergers and alliances in their strategic plans. For many, this may seem a distasteful alternative after decades of Wall Street mergers made at the expense of workers, communities, and consumers— but it doesn't have to be that way.

In Nonprofit Mergers and Alliances, Thomas McLaughlin describes a context for nonprofit mergers and discusses the forces that shape their use. He demonstrates that nonprofit mergers are fundamentally different from corporate mergers, that they can be of immense benefit to the community as well as the merging organizations, and that failure to merge can be disastrous for everyone. McLaughlin focuses on the concerns of the nonprofit sector: achieving the mission, retaining tax-exempt status, behaving responsibly in the community. He shows nonprofit managers and board members how to make their way through the merger process without repeating Wall Street misbehavior.

Using real-world examples and case studies, Nonprofit Mergers and Alliances offers clear, practical, step-by-step guidance through the merger process from preliminary considerations to actual implementation— pointing out pitfalls and offering insightful commentary along the way. This immensely helpful volume provides:

• A penetrating discussion of the reasons to collaborate
• The C.O.R.E.^TM model, a merger/alliance analysis framework
• Advice on partner selection
• Structure choice analyses
• Step-by-step guidance through merger and alliance processes
• A disk with forms and worksheets that any nonprofit can customize for its own needs.

Supplemented with easy-to-use checklists and analytical tables, Nonprofit Mergers and Alliances helps nonprofit board members and managers make the right decisions, monitor the entire process, anticipate problems, and find solutions quickly. The information contained in this book will help any nonprofit organization ensure the successful continuation of its mission in the immediate future as well as for years to come.

"We have two goals for this book. The first is to describe a context for nonprofit mergers, including a discussion of the forces helping to shape nonprofits' use of mergers and alliances. It is important that nonprofit managers and board leaders be aware of both the similarities and the differences in their sector's merger patterns and techniques. Ultimately, a nonprofit sector that knows well how to collaborate will be far more effective in the pursuit of its public-spirited mission . . . . The second goal is to provide concrete guidance based on actual nonprofit mergers." —From the author's Preface.

"Tom McLaughlin thoroughly addresses the subject in his timely and excellent new book Nonprofit Mergers and Alliances. It is a must for every nonprofit professional and board member." —Jere B. Ratcliffe Chief Scout Executive Boy Scouts of America.

"In a time when all nonprofit managers need to re-evaluate how to most effectively leverage the total assets of their organizations in support of their social mission, McLaughlin provides a comprehensive framework for understanding how to evaluate one's own organization and the tools needed to effectively link with potential partners." —Jed Emerson Executive Director The Roberts Foundation

"As the government continues to reduce both grants to and contracted services with nonprofits, some organizations are going to be forced to consider mergers and alliances. The key, as Tom so rightly points out, is to be prepared for change before there are no choices left. As usual, Tom is out in front of yet another business trend in the nonprofit sector." —Paul Clolery Editor in Chief Nonprofit Times.

"Invaluable advice from a leading specialist in nonprofit management. At last here is a clear road map for nonprofit managers and board members, plus many practical tools and case examples. McLaughlin shows how to think clearly and act strategically on a controversial, often distorted set of organizational challenges." —Robert M. Hollister Dean, Graduate School of Arts and Sciences Research and Professional Studies Tufts University.. ... Read more

Reviews (1)

one of the best book written on the subject
McLaughlin does a painstaking job of providing an indepth analysis of mergers and strategic allainces in america's nonprofit sector. Highly recommended for scholars and students of nonprofit sector. An insighful work! ... Read more

Book Description

Book Description

Inspiring thoughts that change your life and help you feel better and do better. Achieve success at work, at home, at play.

Thoughts to share, to savor, to remember. A book to keep. A book to treasure.

Among the 18 chapters are thoughts on: Attitude, Doing it Right, Overcoming Adversity, Making Money, Enthusiasm, and Peace. ... Read more