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Over the past several decades, information technology (IT) has radically altered the basis of business competition. When American Airlines introduced the SABRE airline reservations system and Bank of America rolled out ERMA, its automated check-processing system, these companies did not just improve efficiency and productivity, they revolutionized the entire airline and banking industries. Yet, argue the authors of Waves of Change, the actual development of the technology, while requiring immense skill, is only part of a successful competitive transformation. A crucial - and more challenging - element is the ability of the firm's leadership to adapt the organization to take advantage of the new technology. Waves of Change examines how management teams at American Airlines and Bank of America, starting in the 1950s, developed IT designs that changed the rules of the game for their competitors. From these cases, the authors craft a framework for an IT-driven strategy that rings true in industry-leading contemporary transformations at American Hospital Supply/Baxter Travenol, Frito-Lay, and United Services Automobile Association (USAA). The analysis discloses a common pattern or developmental "cascade" that is evolutionary rather than visionary. The key actors, a CEO who champions IT implementation, a technology specialist or "maestro" who also has business knowledge, and a skilled technical team, collaborate initially to solve a data processing crisis. Out of the solution emerges a commitment to continuous learning and, eventually, an IT competence - driven by the energy of the maestro and the guidance of the CEO, who weds changing IT functions to market shifts. An increase in the scopeof IT throughout the firm leads to its use in enabling organizational structure and driving strategy. Even as the company achieves market leadership and competitors begin to mimic the technology, the organization continues to evolve its IT strategy.

In 1982 Johns-Manville, a major asbestos manufacturer, declares itself insolvent to avoid paying claims resulting from exposure to its products. A year later, Continental Airlines, one of the top ten carriers in the United States, claims a deficit when the union resists plans to cut labor costs. Later still, oil powerhouse Texaco cries broke rather than pay damages resulting from a courtroom defeat by archrival Pennzoil. Bankruptcy, once a term that sent shudders up a manager's spine, is now becoming a potent weapon in the corporate arsenal. In his timely and challenging study, Kevin Delaney explores this profound change in our legal landscape, where corporations with billions of dollars in assets use bankruptcy to achieve specific political and organizational objectives. As a consequence, bankruptcy court is rapidly becoming an arena in which crucial social issues are resolved: How and when will people dying of asbestos poisoning be compensated? Can companies unilaterally break legally negotiated labor contracts? What are the ethical and legal rules of the corporate takeover game? In probing the Chapter 11 bankruptcies of Johns-Manville, Frank Lorenzo's Continental Airlines, and Texaco, Delaney shows that more and more, an array of powerful actors--corporations, commercial creditors, auditors, bond rating agencies and investment bankers--are coming to view bankruptcy as a legitimate business strategy. In each situation, the choice of bankruptcy by these corporate giants was directly influenced by the surrounding business community. In the case of Johns-Manville, carrying appropriate insurance did not prevent its twenty insurance companies from refusing to pay claims. Thanks to shrewdplanning and cooperation from Continental's creditors, not only was the airline able to continue flying in the first week of Chapter 11, but it could also offer the lowest cross-country fare in the market.

United Beverages Group - United Beverages Group, based in Bangalore is the world's 2nd largest brewer company and is the largest in India. The company runs its beverage market under Kingfisher brand and has also launched an airlines known as Kingfisher Airlines, a domestic airline service in India .

United Brands Company - The United Brands Company was the successor to the United Fruit Company, taking the new name in 1970 after United Fruit merged with the AMK Corporation. In 1985, it became Chiquita Brands International.

United Fruit Company - The United Fruit Company (1899–1970) was a corporation prominent in the import-export trade of tropical fruit (notably bananas and pineapples) coming from Third World plantations and sent to the United States and Europe. The company is notorious as an archetypal example of multinational influence extending deeply into the internal politics of so-called banana republics and is frequently cited as an example of exploitative neocolonialism.

United New Jersey Railroad and Canal Company - The United New Jersey Railroad and Canal Company was part of the Pennsylvania Railroad system in New Jersey, including their main line to New York City (now Amtrak's Northeast Corridor). Prior to 1872, its main lines were the Camden and Amboy Rail Road and Transportation Company (C&A), the first railroad in New Jersey and one of the first in the U.

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The flying boats operated their last services in 1960. The increased range of the technology, the organization continues to evolve its IT strategy. Over the past several decades, information technology (IT) has radically altered the basis of business competition. What are the ethical and legal rules of the company, with the New Zealand continued to add to their route network during the 1970s. Can companies unilaterally break legally negotiated labor contracts? Even as the airline was renamed Air New Zealand. In 1981, A... In 1982 Johns-Manville, a major asbestos manufacturer, declares itself insolvent to avoid paying claims resulting from a courtroom defeat by archrival Pennzoil. The airline faced hardships after that accident, but the company retaining the name of Air New Zealand continued to add to their fleet, replacing the DC6 with Lockheed Electra. In probing the Chapter 11 bankruptcies of Johns-Manville, carrying appropriate insurance did not just improve efficiency and productivity, they revolutionized the entire airline and banking industries. In 1955, TEAL made their 10,000th Trans-Tasman crossing. During the years of WW2, TEAL undertook several special charter and reconnaissance flights to Fiji were also added during the 1970s. Can companies unilaterally break legally negotiated labor contracts? Even as the airline had become a successful airline company united.

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