• Louis Gerstner Jr. – the Man Who Turned Ibm Around
    Louis Gerstner Jr. – The Man Who Turned IBM Around Case Summary The turnaround of IBM under Louis V. Gerstner's leadership is considered to be one of the most remarkable turnarounds in corporate history. The strategic measures taken by Gerstner to transform IBM from a loss making company to a...
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  • Elephant
    Who Says Elephants Can’t Dance? Leading a Great Enterprise Through Dramatic Change Louis V. Gerstner, Jr. This book is dedicated to the thousands of IBMers who never gave up on their company, their colleagues, and themselves. They are the real heroes of the reinvention of IBM...
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  • Vinamilk
    prepared to go back into the HR func 36 / LOUIS V. GERSTNER, JR. tion. He said, “Probably not anywhere else, but to be part of the turn-around of IBM, I’m prepared to do it.” That turned out to be one of the few hirings that didn’t work out as planned during my early years at IBM. It soon...
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  • Data Dayta
    Book Review Who Says Elephants Can’t Dance? By Louis V. Gerstner, Jr. (Harper Business 2002. 372 pages including appendices and index.) Who Says Elephants Can’t Dance? is an account of IBM’s historic turnaround as told by Louis V. Gerstner, Jr., the chairman and CEO of IBM from April 1993...
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  • International Busines Machines Write Up
    in the market. On January 19, 1993 IBM announced the largest single year corporate loss in U.S. history causing 250,000 workers to lose their jobs, shortly after IBM hired Louis V. Gerstner Jr. as the new CEO of the company. MR. Gerstner brought success back to the company by implementing three...
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  • Ibm Research Paper
    it . New Leadership Louis V. Gerstner, Jr. has made architectural changes in the organization in an effort to better react to its environment. He tried to implement a strategy designed to keep IBM whole; dismantling Akers’ vision of autonomous divisions; employing a powerful new technology, and...
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  • Book Report
    Book Report Who Says Elephants Can't Dance? Inside IBM's Historic Turnaround Louis V. Gerstner Jr. (Author) Lou Gerstner, Jr., served as chairman and chief executive officer of IBM from April 1993 until March 2002, when he retired as CEO. He remained chairman of the board through the end of 2002...
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  • Turn Around Managment
    In 1993, International Business Machines (IBM), a global leader in the IT industry was in deep financial trouble. The company had reported a net loss of $8.1 billion (bn), the largest ever in the history of IT industry. Under the leadership of IBM's former CEO - Louis V. Gerstner Jr. (Gerstner...
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  • History of Ibm
    0-262-16094-3. 1950s onward Biographies, Memoirs • Gerstner, Louis V. Jr. (2002). Who Says Elephants Can't Dance? Inside IBM's Historic Turnaround. Harper Business. ISBN 0-06-052379-4. • Lamassonne, Luis A. (2001). My Life With IBM. Protea. ISBN 1-883707-65-X. • Maisonrouge, Jacques...
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  • Ibm: History in a Canadain Persective
    , Palmisano succeeds Louis V. Gerstner, Jr., who remains IBM chairman through 2002. Contributions To Durham College: IBM is one of the most active corporate contributors to Durham College. It is impossible to go anywhere within the college and not see an IBM product. IBM has an agreement with the...
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  • Xerox
    officer of IBM. Says Allaire: ''We were looking for a change agent, and he seemed to be a perfect match.'' BEST SHOT. Thoman had spent his entire business career working for Louis V. Gerstner, first at McKinsey & Co., then American Express (AXP) and RJR Nabisco. At IBM (IBM), Thoman ranked just...
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  • BUSINESSWEEK Article -Xerox Management
    -old chief financial officer of IBM. Says Allaire: ''We were looking for a change agent, and he seemed to be a perfect match.'' BEST SHOT. Thoman had spent his entire business career working for Louis V. Gerstner, first at McKinsey & Co., then American Express (AXP) and RJR Nabisco. At IBM (IBM...
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  • What Are the Characteristics of a Good Manager?
    sure that all the employees know there is a crisis, what the management is doing about it, and what everyone must do to help.” - Louis V. Gerstner former CEO of IBM about clear and honest communication. (Who says elephants can’t dance, 2002, pg 285) There is a saying that when a man faces a crisis...
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  • Business
    Ch 4; 6 1. IBM What Strategy changes did Gerstner use to solve IBM's situation? IBM almost went out of business at one point of time. Company appointed Louis V. Gerstner as chairman in 1993 to turn the situation around. IBM a standard software protocol that allowed different hardware and...
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  • Ibm
    chemicals that are the subject of the suits. IBM has not changed its current production practices, yet. No matter how the investigations and lawsuits turn out, the chip making industry will never be the same. Senior Management Chairman & Chief Executive Officer Louis V. Gerstner, Jr. was named...
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  • America’s Ten Biggest Corporate Turnarounds
    the company around. Louis Gertner, Jr. had run RJR Nabisco and had been in senior management at American Express (NYSE: AXP). Gerstner was also one of the few McKinsey and Company partners to leave the firm and successfully run several large companies. After joining the IBM in 1993, Gerstner’s most...
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  • Case of Ibm Restructuring Sales Force
    $4,96 billion. In April 1993, the Board hired Louis V. Gerstner, Jr. to serve as its new Chairman and Chief Executive Officer and to turn the company around. Just three months into the job, Gerstner announced his first major strategic decision. He identified IBM’s sales force as a key source of...
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  • Ibm's Corporate Culture
    someone from the outside - someone who could establish a new culture for the company. In April of 1993, Louis V. Gerstner, Jr. left his position as Chairman and CEO of RJR-Nabisco to become Chairman and CEO of IBM. Not since Thomas Watson, Sr. was hired in 1914 had IBM picked an outsider to lead...
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  • international business machine
    Business Recovery Services to help its customer recover their unplanned outage. 1991 company value of IBM was $64.8 billion. In 1993 Louis V Gerstner Jr became the chairman and started 20 independent business units, with their own strategies. In 1998 IBM along with AT&T came up with an agreement to...
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  • IBM Case study
    a replacement to preside over the breakup and sale of the once-proud company. High-profile candidates such as Jack Welch (General Electric), Larry Bossidy (Allied Signal), George Fisher (Motorola), and John Young (Hewlett-Packard) declined to be considered. The board’s choice, Louis V. Gerstner...
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