Why Smart Executives Fail and What You Can Learn From Their Mistakes

Why Smart Executives Fail and What You Can Learn From Their Mistakes

Book - 2003
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Penguin Putnam
A definitive study of executive failures-why they happen and how to prevent them.

There's a scenario that keeps repeating itself in today's business climate. A company is voted one of the most admired in the world. Then three or four years later, it's in dire financial trouble. A CEO is celebrated on the covers of BusinessWeek, Forbes, and Fortune. Soon after, the company is in the midst of a disastrous merger or some other fiasco.

What goes wrong in these cases? Usually it seems that the top management made some incredibly stupid mistake. But the people responsible are almost always remarkably intelligent and usually have terrific track records. Even more puzzling than the fact that brilliant managers can make bad mistakes is the way they so often magnify the damage. Once a company has made a bad misstep, it often seems as though it can't do anything right. How does this happen? Instead of rectifying their mistakes, why do business leaders regularly make them worse?

To answer these questions, Sydney Finkelstein has carried out the largest research program ever devoted to business breakdowns. In Why Smart Executives Fail, he uncovers-with startling clarity and unassailable documentation-the causes regularly responsible for major business breakdowns. Why Smart Executives Fail relates the stories of great business disasters and demonstrates that there are specific, identifiable ways in which many businesses regularly make themselves vulnerable to failure. The result is a truly indispensable, practical, must-read book that explains the mechanics of executive breakdowns, how to avoid them, and what to do about them if they happen.

Baker & Taylor
Identifies companies that made critical business mistakes that resulted in their downfalls soon after receiving recognition as successful empires, inviting corporate leaders to learn from the examples of others in order to avoid common vulnerabilities. 60,000 first printing.

Blackwell North Amer
In Why Smart Executives Fail, Sydney Finkelstein unveils the extraordinary results of the largest research project ever devoted to leadership failure. Over the past six years, Professor Finkelstein and his team conducted hundreds of interviews with insiders at top companies that have risen and fallen - and, for some, risen again - to expose the root of these failures and to gain insight into the people behind them. One astonishing finding: businesses that seemed to have nothing in common turned out to have failed for exactly the same reasons. Even the excuses that failed managers offered turned out to be the same in case after case.

Baker
& Taylor

Identifies companies that made critical business mistakes that resulted in their downfalls soon after receiving recognition as successful empires, inviting corporate leaders to learn from others in order to avoid common vulnerabilities.

Publisher: New York : Portfolio, 2003
ISBN: 9781591840107
1591840104
Branch Call Number: 658.409 F49
Characteristics: x, 321 pages ; 24 cm

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