Creative Destruction: From Built-to-last to Built to Perform (The Financial Times) - Couverture souple

Foster, Richard

Couverture souple

ISBN 10 : 0273656384 ISBN 13 : 9780273656388

Editeur : Financial Times Prentice Hall, 2001

Synopsis

* * * Harvard Business Review - Top 10 Book of 2001 * * * It is well known that if you compare a list of the top 500 companies 50 years ago with a list of today's top performers, there will be very few names that appear on both lists. Those companies that have stood the test of time are held up as paragons of corporate performance - blue-chip businesses that are "built to last". What is less well known, however, is that companies that are built to last are also built to under-perform. Excellent new research by the authors of Creative Destruction shows that very few companies are able to deliver above-average shareholder returns over the long term. General Electric and Johnson & Johnson are the only companies to beat the market average over the long term and then only by a small amount. Why? It's the trade off between control and creativity. The very things that have enabled these companies to perform so dependably - their control processes, their commitment to steady incremental improvement - are the very things that deaden their ability to change and innovate. Doing what you do well might be enough to survive but it's not enough to excel for investors. To excel for your investors you must constantly evolve, innovate, change - destroy and create. Change, Innovation, Creativity - heard it all before? Well, apart from proving that this is more than just hype by analyzing the last 36 years' worth of corporate performance data, Foster and Kaplan actually tell you how to do it. How to deal with the corporate mindset and emotional attachments that stand in the way of change, how to find the balance between control and creativity, and how to control the pace and scale of change. Incremental improvement eventually hits a brick wall. Creative destruction is the way through. "A thoroughly researched, masterfully written, and somewhat frightening explanation of how competitive advantage is built and inevitably erodes. Anyone who is interested in staying ahead of the competition should read this book. It's good." Clayton Christensen, Associate Professor, Harvard Business School and author of The Innovator's Dilemma "(Offers) invaluable insight into business building and dealing with the challenge of dynamic growth. Foster and Kaplan, get right to the heart of one of today's central themes...An instructive and insightful guide for managers to navigate...the twenty-first century." Jorma Ollila, Chairman and CEO, Nokia Corporation "It was clear the game had changed, but until this book it was never clear by how much. Creative Destruction will reverberate in corporate boardrooms for some time to come, changing the basic premises of corporate success. There is no doubt that, in order to survive in the future, inspiration can be found in Foster and Kaplan's book." Antony Burgmans, Chairman, Unilever NV " Creative Destruction is a phenomenal book. It reveals what it takes for an enterprise to thrive in the age of discontinuities yet meet the pressures of continuous performance. Wise, sweeping, balanced, grounded in facts and yet highly imaginative, it is unquestionably the best business book I have ever read...Countless numbers of CEO's will wish they could have read it sooner...and so will their shareholders." John Seely Brown, President, Xerox Palo Alto Research Center " Creative Destruction has clarified for me the challenges of sustaining business success. It is the freshest view of the challenges before us that I have seen. It also shows where we have to change to be successful...Compelling." Vernon Jordon, Lazard Freres " Creative Destruction is a sharp stick in the eye for corporate conventional wisdom and orthodoxy. Foster and Kaplan have captured the essence of market-driven counterinitiative thinking. A wake up call for CEOs and investment strategists!" Joe L Roby, Cha

A propos du livre

À propos de l?auteur

RICHARD FOSTER is a Senior Partner and Director at McKinsey & Company, a leading global management consulting firm. He joined the Firm in 1973, was elected Partner in 1977 and Senior Partner in 1982. In his primary client service role within McKinsey & Company he has worked in more than fifty industry segments , but primarily in the medical products, pharmaceuticals, imaging, electronics. chemicals, consumer products, retail, and asset-management industries. He has focused special attention over the past twenty-five years on improving the growth and innovative performance of large organisations. Mr Foster has written articles on innovation and business performance for Business Week, The Wall Street Journal and The Harvard Business Review. His 1986 book, Innovation: The Attacker's Advantage, was voted onhe of the best five best business books of the year in a Wall Street Journal CEO poll. A Trustee of the Santa Fe Institute, he is also a board member of the Keck Foundation and serves on the Advisory Board of the Whitehead Institute. He received his B.S., M.S., and Ph.D. from Yale University in Engineering, and Applied Science. He lives in New York City with his wife and three sons. SARAH KAPLAN was an Innovation Specialist at McKinsey & Company Consulting for more than a decade with firms around the world in industries as diverse as pharmaceuticals, medical devices, airlines and consumer products on issues of growth and renewal. She received her B.A. from UCLA and M.A. from Johns Hopkins School for Advanced International Studies. She is currently pursuing a Ph.D. in Management of Technology, Innovation and Entrepreneurship at the MIT Sloan School of Management and resides in Cambridge, MA.

Détails de l'édition

• Éditeur: Financial Times Prentice Hall
• Date d'édition: 2001
• ISBN 10: 0273656384
• ISBN 13: 9780273656388
• Reliure: Broché
• Langue: anglais
• Nombre de pages: 384
• Coordonnées du fabricant: non disponible