Dr Frankel's treatment puts Staveley back into shape

Abstract

‘Suppliers' credit running at an indecent length’ …. ‘cash used as though it were Monopoly money’ … ‘plenty of paperwork, but the figures were so much junk’ … these, in Dr Adolf Frankel's words, were some of the problems facing him when he took over control of Staveley Industries. To get the ailing engineering and chemical giant on a healthier footing, Frankel got management to do its sums properly and cut the machine tool division's 5,000 workforce by 50%. In a wide‐ranging interview, Frankel tells Ken Gooding that in his view a lot of management consultants are ‘phoney’ and explains why he admires his former boss at GEC, Arnold Weinstock.

Citation

(1973), "Dr Frankel's treatment puts Staveley back into shape", Industrial Management, Vol. 73 No. 1, pp. 48-52. https://doi.org/10.1108/eb056270