July AOL Time Warner turned into a debacle for employees and investors, so how can others avoid their mistakes?
Jean Marie Messier and Vivendi. Jill Barad and Mattel. Dennis Kozlowski and Tyco. A great company breaks from the pack; the analysts are in love; the smiling CEO appears on the cover of Fortune. Two years later, the company is in flames, the pension plan is bleeding, the stock is worthless. What goes wrong in these cases?
Usually it seems that top management made some incredibly stupid mistakes. But the people responsible are almost always remarkably intelligent and usually have terrific track records. Just as puzzling as the fact that brilliant managers can make bad mistakes is the way they so often magnify the damage.
How does this happen? Instead of rectifying their mistakes, why do business leaders regularly make them worse? To answer these questions, Sydney Finkelstein has carried out the largest research project ever devoted to corporate mistakes and failures.
He relates the stories of great business disasters and demonstrates that there are specific, identifiable ways in which many businesses regularly make themselves vulnerable to failure. The result is a truly indispensable, practical, must-read book that explains the mechanics of business failure, how to avoid them, and what to do if they happen.
From the Trade Paperback edition.It’s time to stop fooling ourselves, says a woman who left a position of power: the women who have managed to be both mothers and top professionals are superhuman, rich, or self-employed. Digital transformation — the use of technology to radically improve performance or reach of enterprises — is a hot topic for companies across the globe.
Executives in all industries are using digital advances such as analytics, mobility, social media and smart embedded devices as well as improving their use of traditional technologies such as ERP to change customer relationships, internal.
Start with Why Smart Executives Fail, an insightful book that looks not only at the causes of business failure but also at the people behind the bad decisions.
Sydney Finkelstein, a professor at Dartmouth's Tuck School of Business, moves beyond the easy answers (the executives were a stupid bunch of crooks!) to find the real causes of failure in every industry, from fashion and food (Mossimo, L.A. .
To answer these questions, Sydney Finkelstein has carried out the largest research project ever devoted to corporate mistakes and failures. In WHY SMART EXECUTIVES FAIL, he and his research team uncover-with startling clarity and unassailable documentation-the causes regularly responsible for major business schwenkreis.coms: There are some truths that I strive to preach, for lack of a better word, in today's information-culture wars propagated in our corrupt mainstream media.
The executives were a bunch of crooks In searching for the reasons why smart executives fail and to go deeper into understanding the reason for .