For the first time, one of the country’s largest enterprises has given an author unrestricted access to internal documents from its strategy process.
The reader gets unique insight into how a modern chief executive manages his enterprise. A book about Niels B. Christiansen’s strategy considerations, about his procedures and tools and what other leaders and enterprises can learn from Danfoss.
A mere two weeks before the financial crisis broke out in 2008, Niels B. Christiansen was appointed top executive of Danfoss with a staff of 23,000 employees. The crisis hit the enterprise hard, requiring the layoff of several thousands of employees. In spite of the crisis, Danfoss has succeeded in establishing a new, long-term strategy, which has attracted international attention, and Danfoss has since achieved more value creation than its competitors, such as the juggernauts German Siemens, American Emerson Electric and Swedish-Swizz ABB.
