As if learning seven habits of highly effective people wasn't enough, private equity has officially entered the self-help marketplace – albeit for chief executives.
The latest title in Harvard Business Press' “Memo to the CEO” series is
The compact, 126-page guide outlines six private equity tactics wannabe-successful CEOs should employ: define a company's full potential; develop a blueprint for change; accelerate performance; harness talent; make equity sweat; and foster a results-oriented mindset.
No matter what your feelings are about private equity,” the publisher notes in a press release, “there are three truths that shouldn't be ignored.” These truths won't be so earth-shattering to industry professionals: private equity has become a major force in global financial markets; buyout firms “have set a concrete and inescapable benchmark for global business performance” and earn outsized returns; and every company in existence is potentially for sale.
The book was published in February and is written by Orit Gadiesh, Bain & Co. chairman, and Hugh MacArthur, a partner in Bain & Co.'s global private equity practice.
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