Description
Written by a global team of top managers and senior McKinsey experts, this expanded and completely revised second edition provides a wide-ranging manual on the subject of value creation in the chemical industry.
Drawing on extensive first-hand management experience, several hundred consulting engagements, and in-depth research projects, the authors outline the key ingredients for managing chemical companies successfully. The book addresses in detail key issues of strategy and industry structure, describes best practice in the core functions of the chemical business system, looks at the state of the art in organization and post-merger management, and covers a selection of the most important current topics such as industrial biotechnology, the role of private equity, and the chemical landscape in China.
Although mainly directed at executives and managers in the chemical industry, the knowledge contained in this comprehensive overview will also benefit scientists, engineers, investors, students, and anyone else dealing with management issues in this sector.
Chapter
1 Today’s Chemical Industry: Which Way Is Up?
pp.:
37 – 47
2 Shareholder Value Orientation: Not a Question of Whether, but How
pp.:
47 – 63
3 Structural Drivers of Value Creation in the Chemical Industry
pp.:
63 – 77
4 Chemicals – Driving Innovation in Other Industries
pp.:
77 – 89
5 Today’s Challenges and Strategic Choices
pp.:
89 – 99
6 An Approach to Determining the Long-term Attractiveness of Commodity Chemical Businesses
pp.:
99 – 115
7 Middle East: Opportunities and Challenges from the Rapid Emergence of a Global Petrochemical Hub
pp.:
115 – 131
8 Survival when It’s Hard to be Special: A Perspective on Specialty Chemicals
pp.:
131 – 145
9 Creating the World’s Leading Specialty Chemicals Company
pp.:
145 – 163
10 Prospects for Agribusiness: an Essential Contribution to Global Food Demand
pp.:
163 – 173
11 Industrial Gases – Growth by Continued Self-Renewal
pp.:
173 – 185
12 Perspectives of Chemical Distributors as Partners of Industry
pp.:
185 – 195
13 Systematically Revitalizing Innovation in the Chemical Industry
pp.:
195 – 209
14 Innovation for Growth
pp.:
209 – 221
15 The Four Pillars of Sustainable Purchasing Transformations
pp.:
221 – 237
16 Feedstock Price Volatility and How to Deal with It
pp.:
237 – 251
17 Taking a Leap in Purchasing
pp.:
251 – 263
18 Excellence in Operations – the Never-ending Journey Continues
pp.:
263 – 277
19 State-of-the-art Production Concepts in the Chemical Industry
pp.:
277 – 293
20 The Role of Site Services and Infrastructure for Productivity Management
pp.:
293 – 305
21 Creating a Revenue Advantage through Sales and Marketing Excellence
pp.:
305 – 317
22 Achieving Top Performance in Supply Chain Management
pp.:
317 – 333
23 Right Second Time – Unlocking Value with IT
pp.:
333 – 347
24 Managing Organizational Performance
pp.:
347 – 363
25 Post-Merger Management: it’s All in the Design
pp.:
363 – 379
26 M&A – the UCB Case
pp.:
379 – 395
27 The Chemical Industry and Public Perception
pp.:
395 – 411
28 Industrial Biotech: From Promise to Profit
pp.:
411 – 425
29 Industrial Biotech at DSM: From Concept to Customer
pp.:
425 – 439
30 Leveraged Buyout Transactions – Challenges and Learnings
pp.:
439 – 453
31 What Attracts Private Equity Firms to the Chemical Industry?
pp.:
453 – 463
32 Facing China
pp.:
463 – 477
33 China – Key for Success in Asia
pp.:
477 – 487