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- Herausgeber: Business Book Summaries
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- Sprache: Englisch
The must-read summary of Larry Bossidy and Ram Charan's book: "Confronting Reality: Doing What Matters to Get Things Right".
This complete summary of the ideas from Larry Bossidy and Ram Charan's book "Confronting Reality" shows that confronting reality means changing the purpose and direction of your business on a regular basis, in order to reflect ongoing changes which occur in the marketplace. Most businesses try and get by on the assumptions of yesterday rather than the realities of today. Companies that confront reality on a consistent basis search for the current answers to three crucial questions: 1. What’s the nature of the industry we’re in today? 2. Where’s our industry heading? 3. How will we continue to make the money we hope to make in this industry in the future? Armed with the answers to these questions, business managers can then analyse the components which determine their enterprise’s success or failure.
Added-value of this summary:
• Save time
• Understand key concepts
• Increase your business knowledge
To learn more, read "Confronting Reality" and discover a very practical perspective on today’s business.
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Seitenzahl: 36
Veröffentlichungsjahr: 2013
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Book Presentation: Confronting Reality by Larry Bossidy and Ram Charan
Summary of Confronting Reality (Larry Bossidy and Ram Charan)
Book Presentation: Confronting Reality by Larry Bossidy and Ram Charan
Book Abstract
To confront reality means to change the purpose and direction of your business on a regular basis to reflect ongoing changes which occur in the marketplace. Very few businesses do this. Most try and get by on the assumptions of yesterday rather than the realities of today. Companies that confront reality on a consistent basis search for the current answers to three very important questions:
What’s the nature of the industry we’re in today?Where’s our industry heading?How will we continue to make the money we hope to make in this industry in the future?Armed with the answers to these questions, business managers can then analyze and link the three fundamental components which determine their enterprise’s success or failure:
The financial targets the firm needs to meet.The external environment in which the firm will be operating.The firm’s own internal activities and capabilities.These components come together in the firm’s business model which is the central tool for confronting reality. To keep this business model relevant, a process called “iteration” is required. Iteration is not a one-off event but an ongoing process by which you confront the world the way it really is at present, not how you would like it to be. Iteration is the process by which the business model is constantly upgraded to become more reality based – which also means more value can be created in the future.
“To confront reality is to recognize the world as it is, not as you wish it to be, and have the courage to do what must be done, not what you’d like to do. Leaders with business savvy confront reality as a matter of course. Business savvy is the art of understanding the fundamentals driving your business and the connections among them. Our business model gives you a new way to develop an integrated picture of your business reality, calculated at the very beginning of any effort to plan your course and recalculated regularly as circumstances change. Some people try to fend off disruptive forces of change by denouncing them or ignoring them. But in this new environment, confronting reality has to become the leadership priority of the highest order – a nonnegotiable behavior for everyone at all levels of an organization.”
– Larry Bossidy and Ram Charan
About the Author
LARRY BOSSIDY is the retired chairman and CEO of Honeywell International. He has a distinguished five-decade career in business including serving as vice chairman and executive officer of General Electric Company. Mr. Bossidy was chairman and CEO of AlliedSignal from 1991 until its merger with Honeywell in 1999, during which time AlliedSignal reported thirty-one consecutive quarters of earnings-per-share growth. Mr. Bossidy is a graduate of Colgate University.
RAM CHARAN is a business advisor and public speaker. He is a graduate of Harvard Business School, where he earned MBA and doctorate degrees. Dr. Charan has won numerous business awards for executive education programs he has developed and has worked behind the scenes with some of the world’s most successful companies. He is the author of numerous books and articles including Profitable Growth Is Everyone’s Business, The Leadership Pipeline and What the CEO Wants You To Know.
This is the second book co-authored by Larry Bossidy and Ram Charan, the first being the bestseller Execution: The Discipline of Getting Things Done.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of Confronting Reality (Larry Bossidy and Ram Charan)
1. Why Confront Reality?
