Description
A riddle:
Five frogs are sitting on a log.
Four come to a decision to jump off. How many are left?
Answer: Five
Why?
Because there is a difference between deciding and doing.
Written by Mark L. Feldman and Michael F. Spratt of PricewaterhouseCoopers, Five Frogs on a Log offers readers an entertaining and no-nonsense field guide to the mergers and acquisitions jungle, packed with insight and instruction for executing corporate change and capturing shareholder value. Whether you’re buying another company or acquiring a new vision of the future, this book proffers an unconventional standpoint and a practical, readily accessible set of solutions to the single greatest challenge facing today’s managers: executing rapid transitions ion mergers, acquisitions and gut wrenching change.
Designed for corporate managers and CEOs caught up in the whirlwind of change, each chapter provides accessible ideas and wisdom for navigating the most demanding business transitions. The authors offer a unique hands-on standpoint based on their work with top Fortune 500 firms. As they state:
“An increasing number of, the companies that win are those that learn faster, act quicker and adapt sooner. They are going to compress time by making and executing early, informed decisions about economic value creation, ruthless prioritization and focused resource allocation. They are going to use these decisions to take early firm stands on management deployment, organization structure and culture. Their actions will An increasing number of be linked to long-term, sustained economic value creation.”
The advice and expertise offered in this book can be utilized to solve a range of operational problems from speeding up new product development to merging two businesses; from changing company culture to repositioning a business in a whilst new marketplace.
Regardless of the challenges and opportunities facing you, your company, your industry, Five Frogs on a Log will move you from deciding to doing.
Five Frogs on a Log is a practical and easy-to-absorb manual for corporate leaders facing those intense periods of total transformation that seem–for better or for worse–to define today’s business world. Written by Mark L. Feldman and Michael F. Spratt, both partners and managing directors of PricewaterhouseCoooper’s global M&A consulting division, the book aims to lend a hand managers through the “jolts, curves, and emotional potholes” that inevitably accompany such large-scale restructuring. “The high-priced bankers and lawyers exit with the close,” they write, “leaving management to confront the challenge of producing results that justify the price, the added risk, and/or the significant disruption to current operations. To complicate matters, they face what amounts to a new company and a set of unexpected demands that can easily divert them from capturing the value that drove the deal.” With lend a hand from insightful illustrations and quotations from those who have been there, Feldman and Spratt build upon their basic theory–that speed is of the essence in corporate upheavals of this type–by offering pragmatic solutions for the myriad problems that invariably arise. –Howard Rothman