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- Herausgeber: Business Book Summaries
- Kategorie: Lebensstil
- Sprache: Englisch
The must-read summary of Amir Hartman's book: "Ruthless Execution: What Business Leaders Do When Their Companies Hit the Wall".
This complete summary of the ideas from Amir Hartman's book "Ruthless Execution" shows that every business, no matter how successful, eventually hits difficulties. When this happens, most businesses choose one of two strategies: trusting that hype will gloss over problems or savage layoffs combined with massive, unpopular cost cutting. In his book, the author suggests a third way that ensures long-term profit and growth, as well as refocusing the business in the short term. Ruthless execution has three key features: leadership, governance and critical capabilities. This summary explains how simple measures in each of these key areas can make a considerable change.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "Ruthless Execution" and find out how to steer your business through difficult times.
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Seitenzahl: 34
Veröffentlichungsjahr: 2014
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Book Presentation:Ruthless Executionby Amir Hartman
Book Abstract
About the Author
Important Note About This Ebook
Summary ofRuthless Execution (Amir Hartman)
1. Leadership: Recalibrate your strategies
2. Governance: Recalibrate your rules
3. Critical Capabilities: Recalibrate your business
Book Presentation:Ruthless Executionby Amir Hartman
Book Abstract
MAIN IDEA
Sooner or later, every growing business enterprise “hits the wall” – where growth peters out because of unfavorable economic conditions, the bad decisions of yesterday, ineffective execution, lack of innovation, missed market opportunities or other reasons. In the past, hitting the wall could mean major problems or even bankruptcy. Today, however, business leaders can use these reversals to their own advantage as an opportunity to revitalize and refocus their efforts moving forward. “Ruthless execution” is defined as the behavior patterns of leaders who cope successfully with business reversals.
Conventional wisdom states that in times of trouble, corporations have two options open to them:
Run-and-gun strategy – keep pursuing a grand vision and hope the hype will gloss over the lack of business fundamentals.Slash-and-burn strategy – make massive layoffs and unpopular cost cutting measures to restore corporate profitability.Ruthless execution, however, suggests a business reversal can have some positive effects. It can force the business to refocus on what it should have been concentrating on in the first place. Managing a business reversal requires a three stage approach:
“With the advent of a turbulent economy, with the increasing realization that business resembles a roller coaster more than a rocket ship, with more and more companies plummeting from their peaks, a new, painful fact of life in business has become clear: Companies can no longer assume a steadily upward pattern of growth. Invariably, companies are going to get into trouble from time to time, enough trouble for the ups and downs to become a consistent pattern. Ruthless execution deals honestly and realistically with these reversals and offers some practical ways to overcome these setbacks.”
– Amir Hartman
About the Author
AMIR HARTMAN is a member of the faculty of the school of business at the University of California, Berkeley. He is also the founder and managing director of Mainstay Partners, a strategic services consulting firm. Dr. Hartman was previously a senior fellow at the Harvard Business School Interactive. He currently acts an advisor to companies in a broad cross section of industries including consumer products, manufacturing, retail and business services. Amir Hartman is the author of Net Ready and Search for Digital Excellence.
The Web site for this book is available at www.ruthless-execution.com.
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 ofRuthless Execution (Amir Hartman)
1. Leadership: Recalibrate your strategies
To address a setback, you first should decide what matters most to you and your company. This will require that you abandon or divest any projects which are not precisely aligned with where you want to head. In practical terms, there are two basic areas to look at:
1. Strategic recalibration – validate the direction the company should head and the balance to achieve
The first priority in a time of business reversal is to evaluate where the business should be heading and to focus on doing whatever is needed to generate momentum in that direction. Recalibrating the strategy of a business means:
Rearranging the company’s portfolio of projects and other growth initiatives.Assessing how resources are allocated over all available options.Deciding what direction the company should be taking to position itself advantageously for the future.
