By Paul B. Carroll, Chunka Mui
”This e-book is your probability to profit from others’ mistakes.”-- Entrepreneur
In the Sixties, IBM CEO Tom Watson known as an government into his workplace after his enterprise misplaced $10 million. the fellow assumed he used to be being fired. Watson informed him, “Fired? Hell, I spent $10 million instructing you. I simply are looking to be sure to discovered the fitting lessons.”
There are hundreds of thousands of books approximately winning businesses yet almost none concerning the classes to be realized from those who crash and burn. Now Paul Carroll and Chunka Mui draw on examine into greater than 750 flameouts to bare the seven largest purposes for enterprise failure.
Read or Download Billion Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Ye ars PDF
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”This e-book is your likelihood to profit from others’ errors. ”-- EntrepreneurIn the Sixties, IBM CEO Tom Watson referred to as an government into his workplace after his enterprise misplaced $10 million. the fellow assumed he was once being fired. Watson advised him, “Fired? Hell, I spent $10 million instructing you. I simply are looking to ensure that you do discovered the appropriate classes.
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Additional info for Billion Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Ye ars
Time and time again, world-class companies execute flawed strategies. ”— Eric Sigurdson, leader, CIO Practice, Russell Reynolds Associates “Without question, many M&A deals are driven by haste, ignorance, and hubris, others by real insight and intelligence. ” — Michael Boyle, senior vice president, CIO AF Technology, Allstate Financial “A thoughtful account of how egos have obscured good business judgment. ” — John Chu, senior vice president, Hartford Financial Services Group, Inc. “Growing and managing successful companies is an exercise that is grounded in pattern recognition.
Gordon Crovitz, former publisher, The Wall Street Journal “It is a lot easier to talk about our successes than our failures. Carroll and Mui have written a book that helps us get serious about learning from our failures, as painful as it may be. ” — Michael Moskow, vice chairman and senior fellow for the Global Economy, The Chicago Council on Global Affairs “Billion-Dollar Lessons is a must-read for any manager contemplating a game-changing investment. It will help ensure winners, not losers. ”— Adam Gutstein, CEO, Diamond Management and Technology Consultants “Billion-Dollar Lessons provides a set of tough questions and ideas to help us avoid making big strategic mistakes.
S. companies combined for more than $380 billion in write-offs. Sixty-seven companies had combined losses from discontinued operations that totaled almost $30 billion. What caused all those flameouts? The current emphasis in business literature suggests that everything boils down to execution. Generals say a battle plan never survives the first contact with the enemy, and business executives have much the same attitude. They reason that they can only do so much planning. After that, they have to plunge ahead, hoping to execute better than the other guy and maybe catch a bit of luck.