What Really Works - AchieveMax® Top Ten Book Review
If you watch television, read the newspaper and/or magazines, frequent the Internet, or simply move in any kind of a business circle, you must have, at one time or another, pondered the following:
Why do some organizations consistently outperform their competitors?
What do managers at the best companies know-and do-to keep their organizations on top?
When it comes to implementing management practices that can propel a company to lasting success ... WHAT REALLY WORKS?
Well, what better way to find out than a massive five-year study in which over fifty consultants and business school professors at top universities around the country analyzed ten years of data on 160 companies and more than 200 management practices? They called it the Evergreen Project and their goal was to correlate superior corporate performance with the companies' adherence to 200 commonly used practices.
Companies they identify as winners consistently followed successful practices in all four of the primary areas (strategy, execution, culture and structure) and any two secondary areas (talent, leadership, innovation, and mergers and partnerships).
Strategy: Devise and Maintain a Clearly Stated, Focused Strategy
Execution: Develop and Maintain Flawless Operational Execution
Culture: Develop and Maintain a Performance-Oriented Culture
Structure: Build and Maintain a Fast, Flexible, Flat Organization
Talent: Hold on to Talented Employees and Find More
Leadership: Keep Leaders and Directors Committed to the Business
Innovation: Make Innovations That Are Industry Transforming
Mergers & Partnerships: Make Growth Happen with Mergers and Partnerships
The key to long-term success, they argue, is implementing effective programs in the six areas simultaneously. After analyzing the data, William Joyce and his colleagues concluded that a company following this "4+2" formula over the ten year period had a better than 90% chance of being a winner.
Anecdotes from the successful companies will interest general business readers, but the contrast with the experience of companies that stumbled should be particularly instructive. The detailed profiles of "winner" and "loser" companies were especially interesting. Replete with incisive discussions of various companies' approaches for each of the four primary and four secondary areas of practice, the book also offers summaries of the study results in table format. For managers who wonder how anybody can keep six areas of practice fine-tuned at the same time, the authors agree it may be a challenge but point to their wealth of success stories to show it isn't impossible.
"It is time for the first book identifying the fundamental practices that create business success-the ones that do indeed really matter."
More than 100 business book reviews written by Harry K. Jones are available at www.AchieveMax.com/books/index.htm">http://www.AchieveMax.com/books/.
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www.AchieveMax.com/motivational-speaker-harry.htm">Harry K. Jones is a professional speaker and consultant for AchieveMax®, Inc., a firm specializing in custom-designed keynote presentations, seminars, and consulting services. Harry has made presentations ranging from leadership to employee retention and time management to stress management for a number of industries, including education, financial, government, healthcare, hospitality, and manufacturing. He can be reached at 800-886-2MAX or by visiting www.AchieveMax.com">http://www.AchieveMax.com.
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UK bookstore chain Waterstones will likely be sold to hedge fund Elliott Advisors by the end of April, the end of the store's fiscal year, according to the Bookseller, which cited "a source with knowledge of the situation." Neither Waterstones nor Elliott Advisors has commented on the report.
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A new report from the American Booksellers Association (ABA) and Civic Economics reveals the continuing and increasing loss of jobs and essential state and municipal revenue as a result of the growing retail dominance of Amazon.com. The report documents both Amazon's sales and, for the first time, the explosive growth of sales through its third-party Marketplace from 2014 to 2016. And the report makes clear that Amazon's sales tax avoidance strategy has continued despite well-publicized agreements with American states.
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When U.S. booksellers celebrate Independent Bookstore Day on April 28, their neighbors to the north will be taking part in Canadian Independent Bookstore Day, a "new look" version of Authors for Indies Day, which was launched in 2015 and had announced last fall that significant changes were in the works. Beginning this year, the Retail Council of Canada has adopted the project and renamed it Canadian Independent Bookstore Day.
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Fiction: Sing, Unburied, Sing, by Jesmyn Ward
Nonfiction: Bunk, by Kevin Young
Poetry: In the Language of My Captor, by Shane McCrae
Lifetime Achievement: N. Scott Momaday
Anita Shreve, author of 20 books including The Pilot's Wife and The Weight of Water, died of cancer Thursday at home in southern New Hampshire, she was 71. She had announced her illness almost a year ago,writing on Facebook: "This is a hard post to write. I have so been looking forward to going on book tour for my new novel, The Stars are Fire, and had hoped to meet many of you on my travels."
Jacqueline Woodson, author of 30 books including the National Book Prize winner Brown Girl Dreaming (a memoir of her childhood written in verse) has won The Astrid Lindgren Memorial Award, the world's largest prize for children's writing. She will receive five million Swedish krona ($600,000) at a ceremony on 28 May in Stockholm.
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