FORTUNE The Greatest Business Decisions of All Time

Apple, Ford, IBM, Zappos, and others made radical choices that changed the course of business.

Author: Editors of Fortune Magazine

Publisher: Liberty Street

ISBN: 9781603209786

Category: Business & Economics

Page: 208

View: 6468

Decisions equal success--nothing happens until one is made. Businesses make millions of decisions every day. But once in a great while a leader makes a truly game-changing decision that shifts not only the strategy of a single company but how everyone does business. These big decisions are counterintuitive-they go against the conventional wisdom. In hindsight, taking a different direction may seem easy, but these bet-the-company moves involve drama, doubt, and high tension. What made Apple's board bring back Steve Jobs to the company? How did Johnson & Johnson decide to recall every bottle of Tylenol after a poisoning scare that involved only a small batch of the drug? What made Henry Ford decide to double the wages of his autoworkers, and how did that change the American economy for the next century? Here management consultant Verne Harnish, the CEO of Gazelles, and Fortune's editors provide the background stories behind the greatest business decisions of all time. In this fully original book, you'll get a glimpse into the thought processes leading up to these groundbreaking moments and will learn how the decisions have shaped the thinking of today's top leaders. The book also contains an insightful foreword by management guru Jim Collins, the author of Built To Last and Good To Great, which explains the importance of decision making in creating a successful company.

Fortune The Greatest Business Decisions of All Time

How Apple, Ford, IBM, Zappos, and others made radical choices that changed the course of business

Author: Verne Harnish

Publisher: Time Home Entertainment

ISBN: 1603204415

Category: Business & Economics

Page: 208

View: 7244

Decisions equal success--nothing happens until one is made. Businesses make millions of decisions every day. But once in a great while a leader makes a truly game-changing decision that shifts not only the strategy of a single company but how everyone does business. These big decisions are counter intuitive--they go against the conventional wisdom. In hindsight, taking a different direction may seem easy, but these bet-the-company moves involve drama, doubt and high tension. What made Apple's board bring back Steve Jobs to the company? How did J&J decide to recall every bottle of Tylenol after a poisoning scare that only involved a small batch of the drug? What made Henry Ford decide to double the wages of his auto workers and how did that change the American economy for the next century? Here management consultant Verne Harnish, the CE0 of Gazelles, along with Fortune's editors, provide the background story behind the 20 great business decisions of all time. You'll get a glimpse into the thought process leading up to these groundbreaking moments and will learn how these decisions have shaped the thinking of today's top leaders. The Greatest Business Decisions of All Time will spur debates and ignite conversations from board rooms to coffee shops and all will be wondering how one might apply these lessons to one's own business.

Forbes Greatest Business Stories of All Time

Author: Forbes Magazine Staff,Daniel Gross

Publisher: Wiley

ISBN: 9780471196532

Category: Business & Economics

Page: 368

View: 4097

What do Bill Gates, Henry Ford, J. P. Morgan, Mary Kay Ash, and Walt Disney all have in common? Uncompromising vision, a willingness to take risks, and exceptional business acumen. Not only did these individuals amass great fortunes, they revolutionized the business world and helped shape society as we know it. Theirs are just a few of the stories collected in this anthology of commercial ingenuity. Drawing on a wealth of sources, this priceless collection brings to life extraordinary achievements, many of them forgotten or little known: how Robert Morris, the preeminent merchant of the eighteenth century, financed the American Revolution with his personal credit; how Ray Kroc used a shrewd real estate strategy to turn a faltering hamburger franchise operation into the McDonald's fast food empire; and how Mary Kay Ash built a billion-dollar direct sales cosmetics company by preaching a message of economic empowerment to women. Enlightening and fascinating, Forbes(r) Greatest Business Stories of All Time celebrates larger-than-life ambition, inspired leadership, wheeling and dealing, and hard work. Forbes is a registered trademark of Forbes Inc. Its use is pursuant to a license agreement with Forbes Inc.

Inside Apple

How America's Most Admired--and Secretive--Company Really Works

Author: Adam Lashinsky

Publisher: Business Plus

ISBN: 1455512176

Category: Business & Economics

Page: 272

View: 9119

INSIDE APPLE reveals the secret systems, tactics and leadership strategies that allowed Steve Jobs and his company to churn out hit after hit and inspire a cult-like following for its products. If Apple is Silicon Valley's answer to Willy Wonka's Chocolate Factory, then author Adam Lashinsky provides readers with a golden ticket to step inside. In this primer on leadership and innovation, the author will introduce readers to concepts like the "DRI" (Apple's practice of assigning a Directly Responsible Individual to every task) and the Top 100 (an annual ritual in which 100 up-and-coming executives are tapped a la Skull & Bones for a secret retreat with company founder Steve Jobs). Based on numerous interviews, the book offers exclusive new information about how Apple innovates, deals with its suppliers and is handling the transition into the Post Jobs Era. Lashinsky, a Senior Editor at Large for Fortune, knows the subject cold: In a 2008 cover story for the magazine entitled The Genius Behind Steve: Could Operations Whiz Tim Cook Run The Company Someday he predicted that Tim Cook, then an unknown, would eventually succeed Steve Jobs as CEO. While Inside Apple is ostensibly a deep dive into one, unique company (and its ecosystem of suppliers, investors, employees and competitors), the lessons about Jobs, leadership, product design and marketing are universal. They should appeal to anyone hoping to bring some of that Apple magic to their own company, career, or creative endeavor.

100 Great Businesses and the Minds Behind Them

Author: Emily Ross,Angus Holland

Publisher: Random House Australia

ISBN: 174166750X

Category: Business enterprises

Page: 294

View: 1872

This fully revised and updated edition of 100 GREAT BUSINESSES AND THE MINDS BEHIND THEM provides an up-to-the-minute look at a diverse collection of people, their businesses and how they make their enterprises work. From risk-loving entrepreneurs Richard Branson and the boys at Google to self-starters like IKEA's Ingvar Kamprad; from one-person brands like Oprah to billionaire investment oracle Warren Buffett, this book delves into the hearts, minds and business plans of some of the world's most successful businesspeople. Profiles include creative geniuses such as food guru Jamie Oliver, vacuum-cleaner mogul James Dyson and accidental ice-cream entrepreneurs Ben and Jerry. This is an accessible collection of stories from Australia and around the world that offers inspiration, ideas and lessons on the principles of successful businesses. 100 GREAT BUSINESSES AND THE MINDS BEHIND THEM looks at what makes entrepreneurs tick, what drives them, and highlights the pivotal moments in the lives of their businesses. It is a book with lasting lessons on the art of making your business a success.

Scaling Up

How a Few Companies Make It... and Why the Rest Don't

Author: Verne Harnish

Publisher: N.A

ISBN: 9780986019593

Category:

Page: N.A

View: 1528

It's been over a decade since Verne Harnish's best-selling book Mastering the Rockefeller Habits was first released. Scaling Up: How a Few Companies Make It...and Why the Rest Don't is the first major revision of this business classic. In Scaling Up, Harnish and his team share practical tools and techniques for building an industry-dominating business. These approaches have been honed from over three decades of advising tens of thousands of CEOs and executives and helping them navigate the increasing complexities (and weight) that come with scaling up a venture. This book is written so everyone -- from frontline employees to senior executives -- can get aligned in contributing to the growth of a firm. There's no reason to do it alone, yet many top leaders feel like they are the ones dragging the rest of the organization up the S-curve of growth. The goal of this book is to help you turn what feels like an anchor into wind at your back -- creating a company where the team is engaged; the customers are doing your marketing; and everyone is making money. To accomplish this, Scaling Up focuses on the four major decision areas every company must get right: People, Strategy, Execution, and Cash. The book includes a series of new one-page tools including the updated One-Page Strategic Plan and the Rockefeller Habits ChecklistTM, which more than 40,000 firms around the globe have used to scale their companies successfully -- many to $1 billion and beyond.Running a business is ultimately about freedom. Scaling Up shows business leaders how to get their organizations moving in sync to create something significant and enjoy the ride.

Decisions

Making the Right Ones, Righting the Wrong Ones

Author: Jim Treliving

Publisher: Harper Collins

ISBN: 1443411833

Category: Business & Economics

Page: 272

View: 8934

Co-owner of Boston Pizza and star of CBC-TV’s Dragons’ Den, Jim Treliving reveals the secrets of his success, taking you behind the scenes at critical points in the building of his businesses—which also include Mr. Lube and interests in real estate and sports franchising. Covering the “big” decisions—from what to do with your life to how to source capital, find partners, handle change and inspire growth—Treliving sets out the tools for making effective choices and explains why every decision requires action. He also discusses how to bounce back from those no-so-good decisions, explaining how to refocus and recalibrate, just as Treliving had to do when he realized that Boston Pizza’s expansion into Asia was causing the company to drift off-brand. Pulling back from Asian opportunities was a tough decision at the time, but the move became crucial to guiding successful BP expansions later on. Always candid, Treliving also shares his insights on some very public choices, ones you may have seen him make on The Big Decision or Dragons’ Den. Down to earth, sensible and filled with vision and humour, Decisions is a book for budding entrepreneurs and for those who want the inside business stories beyond what we see on TV. But it’s also for people who want to transform their companies into ones that create steady wealth and lasting success. Even if you’re not in business, Treliving’s inspiring story and astute advice will help you make wiser decisions in your life and move forward with confidence in your chosen field.

Judgment Calls

Twelve Stories of Big Decisions and the Teams That Got Them Right

Author: Thomas H. Davenport,Brook Manville

Publisher: Harvard Business Review Press

ISBN: 142215811X

Category: Business & Economics

Page: 288

View: 5349

Your guide to making better decisions Despite the dizzying amount of data at our disposal today—and an increasing reliance on analytics to make the majority of our decisions—many of our most critical choices still come down to human judgment. This fact is fundamental to organizations whose leaders must often make crucial decisions: to do this they need the best available insights. In Judgment Calls, authors Tom Davenport and Brook Manville share twelve stories of organizations that have successfully tapped their data assets, diverse perspectives, and deep knowledge to build an organizational decision-making capability—a competence they say can make the difference between success and failure. This book introduces a model that taps the collective judgment of an organization so that the right decisions are made, and the entire organization profits. Through the stories in Judgment Calls, the authors—both of them seasoned management thinkers and advisers—make the case for the wisdom of organizations and suggest ways to use it to best advantage. Each chapter tells a unique story of one dilemma and its ultimate resolution, bringing into high relief one key to the power of collective judgment. Individually, these stories inspire and instruct; together, they form a model for building an organizational capacity for broadly based, knowledge-intensive decision making. You’ve read The Wisdom of Crowds and Competing on Analytics. Now read Judgment Calls. You, and your organization, will make better decisions.

Fortune Makers

The Leaders Creating China's Great Global Companies

Author: Michael Useem,Harbir Singh,Liang Neng,Peter Cappelli

Publisher: PublicAffairs

ISBN: 1610396596

Category: Business & Economics

Page: 288

View: 6876

Fortune Makers analyzes and brings to light the distinctive practices of business leaders who are the future of the Chinese economy. These leaders oversee not the old state-owned enterprises, but private companies that have had to invent their way forward out of the wreckage of an economy in tatters following the Cultural Revolution. Outside of brand names such as Alibaba and Lenovo, little is known, even by the Chinese themselves, about the people present at the creation of these innovative businesses. Fortune Makers provides sharp insights into their unique styles--a distinctive blend of the entrepreneur, the street fighter, and practices developed by the Communist Party--and their distinctive ways of leading and managing their organizations that are unlike anything the West is familiar with. When Peter Drucker published Concept of the Corporation in 1946, he revealed what made large American corporations tick. Similarly, when Japanese companies emerged as a global force in the 1980s, insightful analysts explained the practices that brought Japan's economy out of the ashes--and what managers elsewhere could learn to compete with them. Now, based on unprecedented access, Fortune Makers allows business leaders in the United States and the rest of the West to understand the essential character and style of Chinese corporate life and its dominant players, whose businesses are the foundation of the domestic Chinese market and are now making their mark globally.

Soldier of Fortune 500

A Management Survival Guide for the Consulting Wars

Author: Steve Romaine

Publisher: N.A

ISBN: 9781573929950

Category: Business & Economics

Page: 498

View: 3173

"Soldier of Fortune 500 is a road map from current corporate ills to new solutions for the challenges ahead. It is a must read for corporate managers, employees, anyone involved with the consulting business, and anyone interested in what is going on in the high-stakes game of cat and mouse being played out every day at all levels of corporate management."--BOOK JACKET.

Mastering the Rockefeller Habits

What You Must Do to Increase the Value of Your Growing Firm

Author: Verne Harnish

Publisher: N.A

ISBN: 9781590791882

Category: Business & Economics

Page: 177

View: 320

What are the underlying handful of fundamentals that haven't changed for over a hundred years? From Harnish's famous "Mastering a One Page Strategic Plan" process that has been a best-selling article on the web to his concise outline of eight practical actions you can take to strengthen your culture, this book is a compilation of best practices adapted from some of the best-run firms on the planet. Included is an instructive chapter co-authored by Rich Russakoff, revealing winning tactics to get banks to finance your business. Lastly, there are case studies demonstrating the validity of Harnish's practical approaches.

The First Billion Is the Hardest

Reflections on a Life of Comebacks and America's Energy Future

Author: T. Boone Pickens

Publisher: Crown Business

ISBN: 9780307449818

Category: Biography & Autobiography

Page: 272

View: 6980

It’s Never Too Late to Top Your Personal Best. Both a riveting account of a life spent pulling off improbable triumphs and a report back from the front of the global-energy and natural-resource wars, The First Billion Is the Hardest tells the story of the remarkable late-life comeback that brought the famed oilman and maverick back from bankruptcy and clinical depression. Along the way, the man often called the “Oracle of Oil” shares the insights that have made him a legend–and describes the billion-dollar bets he is now making in hopes of securing America’s energy independence. “Sassy...breezes along...salted with earthy aphorisms.”—Bloomberg.com “Boone’s analysis of America’s energy situation is 100 percent on the money....The country should listen to him–now!” —Warren Buffett, chairman and CEO, Berkshire Hathaway “Self-deprecating and audacious...overall, it’s decidedly informative about the machinations of business.” –Dallas Morning News “A fascinating, eye-opening book by one of America’s greatest iconoclasts and entrepreneurs. Boone Pickens’ sense of daring and innovation has never been sharper.”–Steve Forbes, president and CEO, Forbes Inc., and editor in chief of Forbes magazine From the Trade Paperback edition.

301 Smart Answers to Tough Business Etiquette Questions

Author: Vicky Oliver

Publisher: Skyhorse Publishing Inc.

ISBN: 1616081414

Category: Business & Economics

Page: 370

View: 9279

Presents a guide to professional etiquette in business situations, covering such topics as meetings, email, social networking, travel, dress, and restaurants in a question and answer format.

Leading Organizations

Ten Timeless Truths

Author: Scott Keller,Mary Meaney

Publisher: Bloomsbury Publishing

ISBN: 147294688X

Category: Business & Economics

Page: 272

View: 7196

Scott Keller and Mary Meaney, both consultants with McKinsey, examine the most common questions they are asked by their clients in the areas of human capital, organization design, transformational change, and merger management. Containing the latest thinking on the most effective answers to those questions, this book offers leaders and senior managers unrivalled advice and support in their efforts to harness the full potential of their businesses. Leading Organizations is anchored in a series of short chapters that use creative graphics and real-life examples to illustrate the book's key messages and ensure a highly visual exploration of organizational design and management.

The Decision Maker

Unlock the Potential of Everyone in Your Organization, One Decision at a Time

Author: Dennis Bakke

Publisher: Pear Press

ISBN: 0983263345

Category: Business & Economics

Page: 224

View: 8038

Who makes the important decisions in your organization? Strategy, product development, budgeting, compensation—such key decisions typically are made by company leaders. That’s what bosses are for, right? But maybe the boss isn’t the best person to make the call. That’s the conclusion Dennis Bakke came to, and he used it to build AES into a Fortune 200 global power company with 27,000 people in 27 countries. He used it again to create Imagine Schools, the largest non-profit charter-school network in the U.S. As a student at Harvard Business School, Bakke made hundreds of decisions using the case-study method. He realized two things: decision-making is the best way to develop people; and that shouldn't stop at business school. So Bakke spread decision-making throughout his organizations, fully engaging people at all levels. Today, Bakke has given thousands of people the freedom and responsibility to make decisions that matter. In The Decision Maker, a leadership fable loosely based on Bakke's experience, the New York Times bestselling author shows us how giving decisions to the people closest to the action can transform any organization. The idea is simple. The results are powerful. When leaders put real control into the hands of their people, they tap incalculable potential. The Decision Maker, destined to be a business classic, holds the key to unlocking the potential of every person in your organization.

Global Tilt

Leading Your Business Through the Great Economic Power Shift

Author: Ram Charan

Publisher: Crown Business

ISBN: 0307889149

Category: Business & Economics

Page: 336

View: 2227

The world’s economic center of gravity has shifted. Permanently. Do you know what it now takes to succeed? The global tilt is nothing less than an irreversible shift of economic power—jobs, wealth, and market opportunities—from a small part of the world to its entirety. It is improving the lives of millions of people around the world, and while it is creating immense opportunities, it is disrupting the world as you know it with dizzying speed. If you’re an American or European, any assumptions you may have about national and managerial superiority are obsolete. Businesses in China, Singapore, India, Brazil, Malaysia, and other countries on the move have ready access to the capital and expertise they need to grow. Their leaders have just as much knowledge, talent, and drive as you do. And they are unleashing their entrepreneurial verve to scale up fast and grab once-in-a-lifetime opportunities. These businesses will soon be competing with yours everywhere on the planet, even if you’re not aware of them yet. Finding opportunities of your own requires you to consider vastly different perspectives and to see the new global landscape in its entirety and then change the content of your work to pursue them. In Global Tilt, New York Times bestselling author Ram Charan gives business leaders the guidance they need to succeed in a tilted world, including: - Gaining an edge by cutting through the complexity of demographics, different forms of government, and even the global financial system, to identify “unstoppable trends” better and sooner than others - Challenging your reliance on core competence and the incremental improvement that results. Instead, look “outside-in” and “future-back,” determine the capabilities you need to build, and muster the psychological fortitude to make occasional strategic bets that can potentially alter the competitive landscape - Developing the soft skills crucial to leading a global organization, including mastering local contexts - Equipping the organization to win by facing up to painful but necessary shifts in people assignments, decision-making authority, and resource allocation—even before making structural changes Those who can pursue the opportunities in a tilted world have a remarkably bright future. Ram Charan’s unparalleled experience with global leaders and companies and the unique and powerful insights he brings to this book will light the way for you and your exciting journey. From the Hardcover edition.

The Great Game of Business

Unlocking the Power and Profitability of Open-Book Management

Author: Jack Stack

Publisher: Crown Business

ISBN: 0307791378

Category: Business & Economics

Page: 252

View: 4441

In the early 1980s, Springfield Remanufacturing Corporation (SRC) in Springfield, Missouri, was a near bankrupt division of International Harvester. That's when a green young manager, Jack Stack, took over and turned it around. He didn't know how to "manage" a company, but he did know about the principal, of athletic competition and democracy: keeping score, having fun, playing fair, providing choice, and having a voice. With these principals he created his own style of management -- open-book management. The key is to let everyone in on financial decisions. At SRC, everyone learns how to read a P&L -- even those without a high school education know how much the toilet paper they use cuts into profits. SRC people have a piece of the action and a vote in company matters. Imagine having a vote on your bonus and on what businesses the company should be in. SRC restored the dignity of economic freedom to its people. Stack's "open-book management" is the key -- a system which, as he describes it here, is literally a game, and one so simple anyone can use it. As part of the Currency paperback line, the book includes a "User's Guide" -- an introduction and discussion guide created for the paperback by the author -- to help readers make practical use of the book's ideas. Jack Stack is the president and CEO of the Springfield Remanufacturing Corporation, in Springfield, Missouri. The recipient of the 1993 Business Enterprise Trust Award, Jack speaks throughout the country on The Great Game Of Business and Open Book Management.

The Fortune at the Bottom of the Pyramid

Author: C. K. Prahalad

Publisher: Pearson Prentice Hall

ISBN: 0131877291

Category: Business & Economics

Page: 273

View: 6002

Collectively, the world's billions of poor people have immense untapped buying power. Prahalad's global bestseller shows why companies can't afford to ignore "Bottom of the Pyramid" (BOP) markets. Now available in paperback, it offers a blueprint for driving the radical innovation companies will need to profit in emerging markets, and using those innovations to become more competitive everywhere.

The Automatic Customer

Creating a Subscription Business in Any Industry

Author: John Warrillow

Publisher: Penguin

ISBN: 159184746X

Category: Business & Economics

Page: 218

View: 7737

"How smart companies can use subscriptions to win customers, increase cash flow, and ignite growth What do Zipcar, Netflix, and WhatsApp have in common? They are pioneers of the new subscription economy in which people pay automatically for much more than publications. John Warrillow, the acclaimed author of Built to Sell, offers a blueprint for winning subscribers for any kind of business. He explains, for instance, - The nine different subscription models and how to apply each in your business. - How Dollar Shave Club turned shaving into a subscription. - The secret psychology of selling a subscription. - The eight reasons why customers stop subscribing. Whether business owners want to transform their entire model into a recurring revenue engine orjust pick up an extra 5 percent of automatic sales, they will find great insights and examples in Warrillow's book"--

The 50 Best (and Worst) Business Deals of All Time

Author: Michael Craig

Publisher: Career PressInc

ISBN: N.A

Category: Business & Economics

Page: 203

View: 4424

Annotation Craig ranks the best and worst business deals of all time and shows how the outcome of mega-deals can depend on clear thinking and the adherence to simple guidelines.