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Title: The Elephant Catchers
Author: Subroto Bagchi
Narrator: Sartaj Garewal
Format: Unabridged
Length: 4 hrs and 58 mins
Language: English
Release date: 03-03-17
Publisher: Audible Studios
Genres: Business, Management
Publisher's Summary:
'Unlike an operation to catch rabbits, trapping an elephant calls for expertise over enthusiasm. Those who hunt rabbits are rarely able to rope in elephants.'
Many organizations, even those that may have brilliant starts, falter in their attempts to achieve transformational growth in their later phases. In The Elephant Catchers, Subroto Bagchi distils his years of on-the-ground learning to explore why this happens and what such organizations and their people must do to climb to the next level and beyond.
Through a combination of engaging anecdotes from his experiences as cofounder and subsequently chairman of Mindtree Ltd, and insightful stories from our everyday world, Bagchi demonstrates a crucial point: organizations with real ambition to get to the top need to embrace the idea of scale and then ensure that it systematically pervades every aspect of its functioning. In doing this, he leads you to evaluate:
Practical advice on real issues, from how to deal with consultants to the question of succession, words of caution on strategy traps and M&As, and invaluable insights into a whole range of growth-related issues - The Elephant Catchers has it all. Engaging, wise and thoroughly accessible, this book is a must-listen for everyone in every organization seeking breakout success.
Members Reviews:
Enjoyable reading
Mr Bagchi has addressed some very key issues in a very simple and lucid manner. While he has addressed this book towards the start ups, however, it makes a lot of sense to the operating managers also. As most of the concepts are from his own experiences, it does not read like a text book theory.
His views on strategy is quite blunt and forces one to accept that strategy sessions lacks energy as there is no emotional appeal. The reference of trying to cross oceans on bamboo bridges is also quite telling on the belief that strategy executors have on their own strategy.
I liked the cat and dog story in terms of getting unlikely breakthroughs. That is a story which I am not going to forget fast. His views on the importance of having a well designed sale team is very interesting and am sure tech start ups could well learn from that. The same goes with his very apt views on exchanging equity as a mode of currency.
Where I could identify with his views the most was the approach towards consultants. Having spent close to about 20 yrs in corporate life, I have come across this situation where the senior management is in awe of the them while the operating team loathes them. The result is two teams operating at counter purpose. To see that in the best form, just put in an outcome based remuneration formula. The review meetings in such cases do not appear any less exciting than a WWF event (the wrestling one not wild life)
Mr. Bagchi's view on M&A is also quite drawn from real life events and all the cautions he has advised are relevant. However, the challenge today, especially for the those in the emerging technology area, is that innovations will not necessarily come from inside. Open innovation is one option to keep an organisation going and for that M&A will be necessary.
The ending reference to the Hindu trinity of Brahma, Vishnu , Mahesh is a great comparison and a thought provoker.
I enjoyed reading the book. I would recommend the book for those looking for some very practical concepts of running and growing a business.
Real integration of thought and experience.