Rethinc (Hardcover)

T.T. Ram Mohan

ISBN 10: 8184006810 / ISBN 13: 9788184006810

Published by Random House, India, Noida, 2015

About this Item

Hardcover. Corporations are crucial to society's well-being. Yet, not many have chosen to adapt themselves to the expectations of employees and the society at large. Prof. Ram Mohan identifies the three main problems that all companies and illustrates the ways in which these can be combated. Most companies are still run from the top and make very little attempt to involve employees at the lower levels in decision-making. Executive compensation has spiralled steeply in recent years because the process of determining it is seriously flawed. Boards of directors are ineffective and have abetted the cult of the charismatic CEO who is expected to work wonders. Corporations play a vital role in society but many fail to meet employee and societal expectations. Prof. Ram Mohan highlights issues like top-down management, flawed executive compensation, and ineffective boards. Solutions include involving employees in decision-making and reevaluating CEO influence. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Seller Inventory # 9788184006810

Bibliographic Details

• Title: Rethinc (Hardcover)
• Publisher: Random House, India, Noida
• Publication Date: 2015
• Language: English
• ISBN 10: 8184006810
• ISBN 13: 9788184006810
• Binding: Hardcover
• Condition: new

About this title

Synopsis

Corporations are crucial to society s well-being. Yet, not many have chosen to adapt themselves to the expectations of employees and the society at large. Prof. Ram Mohan identifies the three main problems that ail companies and illustrates the ways in which these can be combated. Most companies are still run from the top and make very little attempt to involve employees at the lower levels in decisionmaking. Executive compensation has spiralled steeply in recent years because the process of determining it is seriously flawed. Boards of directors are ineffective and have abetted the cult of the charismatic CEO who is expected to work wonders. Rethinc contends that the solution lies in the near-total dismantling of hierarchy or the creation of a bossless organization. In such an organization, the structure is flat, employees operate through self-driven teams, there is peer review, power rests on one s contribution and not one s title and the organizational purpose goes beyond the making of profit, and several other features. Once all this is done we will have an achieving organization that is also a humane organization in which the employees are raring to get to work every day.

About the Author

Prof. Ram Mohan, professor of finance and economics at IIM Ahmedabad, has donned several hats management consultant, financial journalist, investment banker, academic and independent director on company boards and has also served on RBI and SEBI committees. This is his sixth book.