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| 141. Valuation: Measuring and Managing the Value of Companies, Third Edition (University Edition) by McKinsey & Company Inc., Tom Copeland, Tim Koller, Jack Murrin | |
![]() | list price: $82.40
our price: $77.75 (price subject to change: see help) Asin: 0471361917 Catlog: Book (2000-07-28) Publisher: Wiley Sales Rank: 18366 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description "This book on valuation represents fresh new thinking. The writing is clear and direct, combining the best academic principles with actual experience to arrive at value-increasing solutions." THE #1 GUIDE TO CORPORATE VALUATION IS NOW BETTER THAN EVER! "A how-to guide for corporate executives who want to get at the unrealized shareholder values trapped in public companies." Hailed by financial professionals, professors, and students worldwide as the single best guide of its kind, Valuation provides crucial insights into how to measure, manage, and maximize a companys value. This long-awaited Third Edition has been comprehensively updated and expanded to reflect business conditions in todays volatile global economy and to provide highly effective ways for managers at every level to create value for their companies. In addition to all new case studies, Valuation now includes in-depth coverage on valuing dot.coms, cyclical companies, and companies in emerging markets, along with detailed instructions on how to drive value creation and apply real options to corporate valuation. Here is expert guidance that management and investment professionals and students alike have come to trust, including: This timeless, respected book on valuation allows you to face the crossroads where corporate strategy and finance meet with more confidence and winning strategies than ever before. Please visit us at www.WileyValuation.com WileyValuation.com is a premier Web site devoted to all things valuation. At this unique online community for financial professionals, you will enjoy the following features: Reviews (38)
The second two parts, which deal with actual valuation techniques, are very verbose, but lacking in organization and depth. This half assumes that you are already familiar with concepts such as WACC, Free Cash Flows, and other accounting and valuation terms. Although several valuation techniques are indeed discussed, by no means is the list comprehensive. Furthermore, no systematic approach to deriving or explaining the formulas is available, and often, terms not introduced earlier are used. On the positive side, however, the book makes easy reading and focuses on a more practical, rather than academic or theoretical, discussion of valuation. This book may not provide much value to a serious student of valuation. Furthermore, I do not believe it will make an ideal reference for the experienced professional either. At best, it will make a good second reference for a graduate level course in valuation.
In light of recent corporate shenanigans with off-balance sheet products, it is unforgiveable that this book doesn't address how lack of value can be disguised using off-balance sheet products. Total return swaps, an off-balance sheet financing tool, isn't discussed, and credit derivatives, another off-balance sheet tool aren't even discussed. For coverage of these topics and offshore vehicles, read "Credit Derivatives" by Tavakoli.
This book was the prescribed & provided reference in the Corporate Finance department I worked in but most of my colleagues and I purchased our own copies of Damodaran's text "Investment Valuation, Wiley, Aswath Damodaran", which is superior in breadth as well as logical description of valuation processes. ... Read more | |
| 142. International Encyclopedia of Business and Management (IEBM Series, 6 vols.) | |
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(price subject to change: see help) Asin: 0415073995 Catlog: Book (1996-07-01) Publisher: Intl Thomson Business Press Sales Rank: 725435 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Reviews (1)
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| 143. Why Employees Don't Do What They're Supposed To Do and What To Do About It by Ferdinand F. Fournies | |
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our price: $9.71 (price subject to change: see help) Asin: 0071342559 Catlog: Book (1999-04-01) Publisher: McGraw-Hill Sales Rank: 17251 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description
Reviews (5)
Employees follow and build loyalty to leaders who lead, not administrators who manage. When you've proved yourself as a leader, when you've proved (by consistent actions over time) to your employees that you really have their best interests at heart, and when you've shown that you'll work with those who want to improve, but will deal decisively with those who poison the work environment, then amazingly enough, employees tend to start doing what they ARE supposed to do. I'd recommend skipping this one and picking up a copy of Leadership as a Lifestyle, by Hawkins, instead.
I didn't find this particular book to be very helpful in that endeavor. Many of the chapter subjects are common sense. The positive side of this book, for me, is that I have worked under, and dealt with, many very poor managers with counter-productive leadership habits. During such unpleasant circumstances, I've often wondered if the individual in question really didn't get how their behavior and habits were adversely affecting morale and productivity. I'm not currently in such a situation, but if I were, I'd carefully study these simple solutions to the common management problems, and try to gently make suggestions toward their implementation by the manager with whom I'm struggling. What seems like common sense to someone actively pursuing self-improvement, might not be so common to the hopelessly mediocre manager. It might not make so much sense to them either. So use small words and explain gradually! :)
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| 144. Reallionaire : Nine Steps to Becoming Rich from the Inside Out by Farrah Gray, Fran Harris | |
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our price: $10.36 (price subject to change: see help) Asin: 0757302246 Catlog: Book (2005-01-01) Publisher: HCI Sales Rank: 6431 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description A remarkable teenager who went from public assistance to a million dollar net worth shares his story and offers 9 key principles to success. Farrah Gray is no ordinary teenager. He wears a suit and tie; he has an office on Wall Street and another one in Los Angeles . . . and he sold his first business at the age of 14 for more than a million dollars. He invested that money in a partnership with Inner City Broadcasting, one of the most prominent African-American owned businesses in the country, and now is heading the relaunch of their signature magazine, InnerCity. According to People magazine, Farrah is the only African-American teenager to rise from public assistance to a business mogul without being in entertainment or having a family connection. Reallionaire tells Farrah's extraordinary and touching story. When he was just six, Farrah's mother became seriously ill, prompting his decision to provide for this family, and he spent the first $50 he ever made taking them for a real sit-down dinner. At the age of eight, he founded his first business club. By fourteen, with a million dollars in his pocket, Farrah was well on his way to business success. Each stage of Farrah's progress is marked by one of the principles of success he learned along the way, creating not just an extraordinary story but also a step-by-step primer for others to create success in their own lives with honor; charity and compassion. Reviews (1)
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| 145. How I Raised Myself from Failure to Success in Selling by Frank Bettger | |
![]() | list price: $12.00
our price: $9.00 (price subject to change: see help) Asin: 067179437X Catlog: Book (1992-04-09) Publisher: Fireside Sales Rank: 5489 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description A business classic, How I Raised Myself from Failure to Success in Selling is for anyone whose job it is to sell. Whether you are selling houses or mutual funds, advertisements or ideas -- or anything else -- this book is for you. When Frank Bettger was twenty-nine he was a failed insurance salesman. By the time he was forty he owned a country estate and could have retired. What are the selling secrets that turned Bettger's life around from defeat to unparalleled success and fame as one of the highest paid salesmen in America? The answer is inside How I Raised Myself from Failure to Success in Selling. Bettger reveals his personal experiences and explains the foolproof principles that he developed and perfected. He shares instructive anecdotes and step-by-step guidelines on how to develop the style, spirit, and presence of a winning salesperson. No matter what you sell, you will be more efficient and profitable -- and more valuable to your company -- when you apply Bettger's keen insights on: How to conquer fear The key word for turning a skeptical client into an enthusiastic buyer The quickest way to win confidence Seven golden rules for closing a sale Reviews (38)
The language that Frank Bettger uses has travelled the years quite nicely; many books from this era contain long-lost expressions and dated language that make them less relatable -- not so here. Only the dollar figures used in the real life examples give the age of the book away. Bettger's friendly, conversational style makes this an easy read. This book works because it is principle-based and backed up with real life illustrations covering both the "what to do" and "what not to do" ends of the spectrum. Truly a classic, the applications in this book go beyond sales to have a positive effect on all aspects of your life. Larry Hehn, Author of Get the Prize: Nine Keys for a Life of Victory
Bettger's story is one of inspiration and determination. Some of his keen insights include: The power of enthusiasm, how to conquer fear, the one key word that will turn a skeptical prospect into a happy and satisfied client, the quickest way to win confidence, how to deliver a winning sales talk and 7 golden rules for closing a sale. Interesting is that one of Bettger's biggest supporters for writing this book was Dale Carnegie. This is another one of those golden classics that some of us have hidden away only to appreciate it's value after rereading it many years later. Great book. I highly recommend it.
Frank Bettger describes profoundly experiences to succeed in selling. Bettger's book, How I raised myself from failure to success in selling, is deserving of a five-star rating, because he explains and shows the real facts in salesmanship, the impediments and the success in the same time. Bettger relates his own experiences as a salesman; his intentions are that every new salesperson should take his book as an advice and should follow all the rules he gives. The author relates about enthusiasm in job, confidentiality, how to remember and to not forget costumers, and how to be organized. Furthermore, Bettger increases a hope for those who believe that salesmanship is their vocation and gives them more interest to continue this career. Frank Bettger was a baseball player at his 20's; one day he had a big accident at one of his arm and from that moment he ended his career as a baseball player. After that he decided to do something different, so he started to sell life insurance. This job did not make him happy until one day he heard a poem which made him to continue this career. One of the things was that he started to put more enthusiasm in his work and to see things differently. He's routine at work was to call people and to convince them to buy life insurance. Unfortunately this was not enough; to make people to believe him he started to talk with more enthusiasm, to put more questions, and to be organized. These changes raised his income, but more than that he started to sell life insurance more than he did before. He believes that working with enthusiasm is one of the biggest steps in a sale career. "Force yourself to act enthusiastic, and you'll become enthusiastic!" (15) After a while when his experience grew Bettger discovered and learned, in the same time, that to be confident is what most of the people like. Asking questions made him to believe that the interviews are more productive and consistent. The author found that asking a question "is the only way to get people to think!" (62) Some of the questions that he used, in one of the biggest contracts of his life, where what ambitions, hopes and objectives from that interview the costumer is expecting. All these questions made his business to be prospering and to grow as he wanted. The author knew that people like to make business, but they also like that some questions to remain without answers. In his book Bettger gives six things that salesmen should learned to approach the question method. The most important is "Enables you to help the other fellow recognize what he wants. Then you can help him decide how to get it." (62) Equally important from Bettger's experience is to remember names and faces in many cases. The best way to memorize these is to remember three words: impression, repetition, and association. He is convinced that if a salesperson memorize these things will be much easy to remember names and faces avoiding the salesman to talk too much. Impression is to get a clear interest in someone's name and if is hard to be memorized do not be afraid to ask the person again. Repetition is when having a conversation with somebody that person's name is repeated at short intervals to make sure the brain is going to catch it. Association is when a face is associated with a picture or with the person's business. Sincerity and honesty make a businessman to be believed and to increase his reputation. "If you want to be welcome everywhere, give every living soul you meet a smile, from down deep inside." (128) Again Bettger shows that costumers are the main point to make a sale; sometimes just using the business card can make the business to prosper. If a salesman is remember and is calling a costumer after a wile is a good way to make that man to do not forget the new business that he made. Many costumers like to share their happiness and success in business with other friends or neighbors; they will not forget, and they will tell to the other people about their new friend and about what he did for them. "New costumers are the best source of new business...new costumers." (164) Similarly important is to be self-organized; making appointments and keeping them in a note book makes a salesman to be more organized and to have everything in the right place. The time is very important in this business, not only for the salesman but especially for the costumers. Many businesspeople are too busy to accept a strange visitor without to have an appointment and without to know what it his business about. Bettger's suggestion is to make appointments with a week before, to make sure a confirmation will be received in the meantime. The author said that the following rule is good to memorize "First, sell the appointment, second, sell your product." (144) Otherwise Bettger became a good salesman after he had reading The Autobiography of Benjamin Franklin. This book was his inspiration to act with enthusiasm, to be confident, to remember names and faces, to be self-organized, and to not forget his costumers. All those people who not have success in their work should read Bettger's book; he relates everything they need, not only how to succeed but more than that how to not be afraid to fail when a sail does not work. To be a salesman is not easy it just needs enthusiasm and power to succeed in this business. Bettger said "take one thing at a time, and give a week's strict attention to that one thing; leaving all the others to their ordinary chance." (191)
The book lived up to it recommendations. There are many ideas in this book that anyone in any field can relate to. Even if you are not a salesman, there are many ideas in this book that are about "how to achieve success." If you are interested in achieving success I highly recommend you reading this book and applying the principles within. Wishing you best of luck and much success, Zev Saftlas, Author of Motivation That Works: How to Get Motivated and Stay Motivated
Other Recommendations: "How to Win Friends and Influence People" by Dale Carnegie, "Power of Positive Thinking" by Norman Vincent Peale, "Lateral Thinking" by Edward DeBono and "Breakthrough Advertising" by Eugene Schwartz. ... Read more | |
| 146. Gung Ho! Turn On the People in Any Organization by Ken Blanchard | |
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our price: $13.60 (price subject to change: see help) Asin: 068815428X Catlog: Book (1997-10-08) Publisher: William Morrow Sales Rank: 3171 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Ken Blanchard and Sheldon Bowles, co-authors of the New York Times business bestseller Raving Fans, are back with Gung Ho! Here is an invaluable management tool that outlines foolproof ways to increase productivity by fostering excellent morale in the workplace. It is a must-read for everyone who wants to stay on top in today's ultra-competitive business world. Raving Fans taught managers how to turn customers into full-fledged fans. Now, Gung Ho! brings the same magic to employees. Through the inspirational story of business leaders Peggy Sinclair and Andy Longclaw, Blanchard and Bowles reveal the secret of Gung Ho--a revolutionary technique to boost enthusiasm and performance and usher in astonishing results for any organization. The three principles of Gung Ho are: These three cornerstones of Gung Ho are surprisingly simple and yet amazingly powerful. Whether your organization consists of one or is listed in the Fortune 500, this book ensures Gung Ho employees committed to success. Gung Ho! also includes a clear game plan with a step-by-step outline for instituting these groundbreaking ideas. Destined to become a classic, Gung Ho! is a rare and wonderful business book that is packed with invaluable information as well as a compelling, page-turning story. Raving Fans brilliantly schooled managers on how to turn customers into raving fans. Gung Ho! now brings the same magic to employees. Here is the story of how two managers saved a failing company and turned in record profits with record productivity. The three core ideas of Gung Ho! are surprisingly simple: worthwhile work guided by goals and values; putting workers in control of their production; and cheering one another on. Their principles are so powerful that business leaders, reviewing the manuscript for Ken and Sheldon, have written to say, "Sorry. Ignored instructions. Have photocopied for everyone. I promise to buy books, but can't wait. We need now!" Like Raving Fans, Gung Ho! delivers. Reviews (80)
Another book, with a foreword by Ken Blanchard, that I have just finished is also destined to be a classic alongside GUNG HO! I highly recommend everyone - not just people in leadership positions - read WINNING WAYS: FOUR SECRETS FOR GETTING GREAT RESULTS BY WORKING WELL WITH PEOPLE, by Dick Lyles. Dr. Lyles is a protégé of Blanchard and Bowles and this book proves that he, also, has mastered the art of parable writing. This book contains tips that will help anyone be more powerful and charismatic in their dealings with other people.
In my view of point, I think Gung Ho! is a revolutionary technique to boost enthusiasm and performance and usher in astonishing results for any organization. The principles are the tips to increase productivity by fostering excellent morale in the workplace. For example, employees will be loyal to the company if they gain job satisfaction from their worthwhile work. Positive reinforcements such as appreciation (i.e. say ¡§well done¡¨ when those have good performance) and empowerment can motivate employees to improve and have a better performance. To conclude, Gung Ho! is easy to read but useful for everyone. The writers convey the important management strategies to the readers by using simple story and parables. I think it is a good time for the company, the management team and the employees to refresh and understand their roles so that they can have a good relationship which can benefit as a whole. ... Read more | |
| 147. Product Management by Donald R. Lehmann, Russell S Winer, Donald Lehmann, Russell Winer | |
![]() | list price: $118.43
our price: $118.43 (price subject to change: see help) Asin: 0070275491 Catlog: Book (2001-07-03) Publisher: McGraw-Hill/Irwin Sales Rank: 161539 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Reviews (4)
Good book.
this text covers it all in an very easy to read & grasp style. Topics include defining the competitive set, category attractiveness analysis,... pricing decisions (for a thorough treatment on pricing, I would highly recommend "the strategy and tactics of pricing"), channel management, promotions and financial analysis for product management. The newly added chapter marketing metrics is bang-on. ***Good introductory book for the first line product manager / product planner. Very highly recommended. *** This book shares some text with the other books these authors have jointly written ("analysis for marketing planning" - another excellent book), but has been changed significantly enough to make reading those shared chapters worthwile if you happen to have both texts.
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| 148. Developing Talents: Careers for Individuals with Asperger Syndrome and High-Functioning Autism by Temple Grandin, Kate Duffy, Tony Attwood | |
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our price: $19.95 (price subject to change: see help) Asin: 1931282560 Catlog: Book (2004-03) Publisher: Autism Asperger Publishing Company Sales Rank: 64902 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Reviews (2)
Presented in an easy to read format,this book focuses on using one's strengths, natural talents, and special interests to gain In today's society, having marketable job skills is a must. This book gives a proactive look at some of the challenges faced by people with HFA/AS. It is important for parents and educators to introduce the concepts of the book early in the educational careers of these students as the skills are life skills in addition to career skills.
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| 149. New Business Ventures And The Entrepreneur by Howard H Stevenson, MichaelRoberts, Harold IrvingGrousbeck | |
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our price: $116.25 (price subject to change: see help) Asin: 0256204772 Catlog: Book (1998-09-29) Publisher: McGraw-Hill/Irwin Sales Rank: 33732 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Reviews (1)
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| 150. Fish! Tales: Real-Life Stories to Help You Transform Your Workplace and Your Life by Stephen C. Lundin, Harry Paul, John Christensen, Philip Strand | |
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our price: $13.96 (price subject to change: see help) Asin: 0786868686 Catlog: Book (2002-04) Publisher: Hyperion Sales Rank: 7075 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Amazon.com Reviews (25)
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| 151. The Contrarian's Guide to Leadership (J-B Warren Bennis Series) by Steven B.Sample | |
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our price: $11.53 (price subject to change: see help) Asin: 0787967076 Catlog: Book (2003-04-02) Publisher: Jossey-Bass Sales Rank: 11129 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Reviews (19)
However, the contrarian leader must have other needs and qualities aside from thinking processes and decision-making. These are also discussed in The Contrarian's Guide to Leadership. The author discusses diverse subjects such as artful listening skills, open communication, and the proper role between consultants, experts and the leader. Sample suggests prodigious amount of selective reading, including "supertexts" for the contrarian leader. This includes an extensive discussion on Machiavelli. He provides guidance on how to determine which range of the daily news and printed media are really useful for the contrarian leader. The Contrarian's Guide to Leadership addresses the difference between good leadership and effective leadership, including the need to make tough moral decisions at the right time. Other discussions include hiring the right people, diversity, connecting with followers and having a title of leadership verses doing leadership. This is a thought provoking and alternative book on leadership from the perspective of someone who leads a massive educational institution on a daily basis. You may not agree with every concept or idea regarding a contrarian leader, but you will find this book to offer some fresh perspectives.
A leader with knowledge has no difficulty judging the merits of a new idea and should be capable of making firm and fast decisions based on his/her own expertise as well as that of the experts reporting to him/her. If the leader cannot arrive at a decision on the merits of new ideas, then the leader has no right to call him/herself a leader. Such an individual is deficient in understanding of the field being managed...in other words, an ignoramus, who bluffs his/her way through business life and ends up being an opinionated, flip-flopping weasel. He or she may be sly enough to pretend they can make decisions worthy of a leader, but don't think for a moment that the other employees, who are the real experts, don't see right through the bluff and have zero respect for such a "gray thinking" leader! Furthermore, to suggest that people "...see themselves as leaders..." breeds an egotistic attitude and is not worthy of great leadership. A true leader is one, who recognizes that he/she is just an employee like everyone else and is respected by his/her knowledgeable colleagues for his/her expertise in the field being managed and led. A leader should be seen as such by others, not put themself on a pedestal above every other fellow employee in the same "boat/company"! Believe me, I have worked for many years in industry and have seen such "gray thinking" managers hemming and hawing and sweating under the glare of opposing facts because they did not know enough and never will about the subject matter to arrive at any decision for the good of the company and its shareholders. It is not a wise move to think "gray", but one grounded in ignorance and bluff. And everyone saw through our "gray" managers as the "play-acting manager-leaders" that they were. They earned no respect from anyone! If you would really like to learn from the experts...I suggest a study of the frank perspectives of the people, who will make the ultimate decision on whether you merit the "good manager/leader" title. And I highly recommend the true-to-life episodes in the satirical-humorous book, "MANAGEMENT BY VICE" by the scientist/author C.B.DON as the best teaching tool. As you read it do keep in mind, that while this witty-sharp satire ridicules and honestly exposes many "vices" and follies of mis-management, in life we all most often also learn far more from our own and others' mistakes than from any "grayscale" guide on how not to arrive at any conslusions! After all, there is such as thing as "Right and Wrong", "Good and Evil". There is also "Great Leadership and present-day Corporate Corruption" --- which is frequently based on selfishness, feeble indecisions and "grayscale" excuses for a whole lot of rotten management practices!
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| 152. First, Break All The Rules : What The Worlds Greatest Managers Do Differently by Curt Coffman | |
![]() | list price: $24.00
our price: $16.32 (price subject to change: see help) Asin: 0743510119 Catlog: Book (2000-11-01) Publisher: Simon & Schuster Audio Sales Rank: 19246 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description In First, Break All the Rules, Marcus Buckingham and Curt Coffman of the Gallup Organization present the remarkable findings of their massive indepth study of great managers. In today's tight labor markets, companies compete to find and keep the best employees, using pay, benefits, promotions, and training. But no matter how generous its pay, or how renowned its training, the company that lacks great front-line managers will suffer. Buckingham and Coffman explain how the best managers select an employee for talent rather than for skills or experience; how they set expectations', how they motivate people by building on each person's unique strengths; and, finally, how great managers find the right fit for each person, not the nextrung on the ladder. First, Break All The Rules provides vital performance and career lessons for managers at every level. This audiobook shows you how to apply them to your own situation. Reviews (172)
This book, written by Marcus Buckingham and Curt Coffman, and based on 25 years of research by the Gallup Organization, on over 1 million respondents, has debunked a number of management "myths". I put myths in inverted commas simply because they were "truths" -- until First, Break All The Rules (published by Simon & Schuster, London, New York, 1999, ISBN 0-68486138-0) came along. The Gallup Organization discovered, after asking one million people hundreds of different questions on the subject of managing others, that people excel only when their talents are put to use. Talents are the recurring patterns of thought and behavior that can't be turned on and off at will. They can't be created or altered. According to the authors, people don't change much. Managers should not waste time changing their subordinates, or making them into what they are not. You cannot give new talent to a person. The books suggests that every human being has talent, and all roles/functions/jobs in a company require talent. You cannot train or develop talent, but you can train, develop and enhance skills and proficiencies. Talent leads to interest; interest leads to motivation; motivation leads to a desire to learn; a desire to learn leads to skills and proficiencies As for the corporate ladder, the authors suggest that you should throw it away. For example, good sales person might not perform well if she is promoted to sales manager position. She might not have the talent to manage others. Instead, let her continue in the sales position, but improve upon the salary and benefits.
I just read the comments of those who negatively rated this book because it's concepts are not new. That's true of every management/HR/sales/training/leadership/customer service.. book I've read. How many times have you read a business book and thought "yep, that's right, that's exactly what I've experienced" and then became frustrated because of the gap between what could/should be vs the daily reality of your work experiences? How many times have you wished there was some way you could prove that focusing on the individual employee resulted in creating a provable, positive impact on organizational performance, productivity and profits? The value of this book is that it is the Gallup organization and they've got the numbers to back up what has previously been rejected as "touchy feely" management methods. The next time you're told "that won't work, nobody does it that way" or "there's no proof organizational performance is increased by focusing on individual strengths, understanding different people are motivated by different methods, selecting people to fit the job, or that managers have no impact on employee retention", simply reference this book and give them 80,000 reasons why they're wrong. Supposedly, businesses decisions are based on solid numbers. We all know that businesses decisions are really based on perceptions. This book is gives you the numbers to change the many incorrect perceptions about the process of managing people.
This book is essential reading for economics majors, MBA students, and those working in management. It cuts through the jargon and helps people realize that management requires an understanding of human nature. It returns us to psychology. After all, the business world is bound by the rules of psychology. Violate the rules and you may harm your business. The book delivers harsh facts. Not all employees are going to do well at every task. Managers: stop thinking that everyone can do anything. They can't. It's unreasonable to believe it. It's better to create incentives -- both monetary and prestigue -- on the idea that someone may want to continue working in a similar capacity. The book cites attorneys who start out at a law firm at junior associate, associate, senior associate, and then work on to junior partner, partner, and senior partner. Throughout the process, the attorney does not radically change what he or she is doing. Instead, their work merely becomes more interesting and their pay (and equity in the firm) rises over time. That is, rather than promote someone to a position that is radically different from what they are doing, offer perks and monetary advantages as time goes on to your employees. The book says to promote strengths rather than overcome employee weaknesses. Some people are just never going to be able to do well at certain tasks. The book's realistic edge says we ought to understand this and move on. We can't strive for perfectin in every avenue. Make sure that your employees are doing what they do best at. Therefore, the goals of the firm -- and the employees' morale, will coincide, allowing harmony to exist in the firm. This book has many golden nuggets of wisdom, and it definitely is a keeper. Michael ... Read more | |
| 153. Angel Customers and Demon Customers: Discover Which is Which and Turbo-Charge Your Stock by Larry Selden, Geoffrey Colvin | |
![]() | list price: $27.95
our price: $18.45 (price subject to change: see help) Asin: 1591840074 Catlog: Book (2003-06-01) Publisher: Portfolio Sales Rank: 32736 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description
Reviews (4)
This book goes that one step further - by some excellent case studies it shows how 150% of your profits come from 20% of your customers - they are the Angels. The Demons are those 20% of your customers who actually lose you money equal to 150% of your profit. Its not another book about CRM (Customer Relationship Management), but it is about being Customer-focussed rather than Product-focussed. I have multiple relationships with Companies who could do with reading this book - including my own employer, with whom I have around 20 Contracts, and yet any one Business Unit only seems to know about 1 or 2 others at best. All those lost selling opportunities - for example they know the ages of my kids from my Travel Insurance Policies, but have never tried to sell me any College Savings Plans! Read the book and make your Angels happier - and get rid of the Demon ones!
I believe that the reviewer who said that "this book stated the obvious and that outside of a novice business student, anyone who finds this book interesting or useful may want to consider another profession than business" has missed the point of this book...completely. The importance of this book is NOT in stating that "the customer is important .. some more than others". This we all know. The importance of this book is in outlining a practical methods for ascerting which customers are money making one and which are not money making one **by going at the junction of customer marketing and customer finance**. It is by offering a practical way to relate the two perspectives (the qualitative and the quantitative one) that this book was useful to me. The key thing I learned from this book is the introduction of detailed customer-finance reasonings to evaluate clients. I also was greatly inspired by their concept of CUSTOMER DEAVERAGING. I too often see company that thinks in terms of their "average customers" and thereby miss any valuable & actionable insight on how to relate to their customers in a way which is both more profitable and more meaningfull (from both the customers and the client perspective). Well for company who are like that, I think this is a GREAT book that uncovers what needs to be done in both a practical and theorically sound way. I can testify that having applied a big part of the framework of this book to solve one strategy problem of one of my european client, we did uncover some really devishly customers (50% of their client acquisition was focusing on customers from which their will be never enough money generated to cover the initial customer acquisition expense) and some really angel ones (25% of their customer acqusition was focused on clients that represents overall 65% of their actual profit). We were also able to do some detailed financial modelling to discover that, in their specific case, they should refocus their attention on the angel customers and probably completely change their business model and value proposition for dealing with their demon ones. If I had one critic it would be that the part relating customer oriented strategy and the stock valuation is treated without enough precision. Having said that, I can also state the customer business I was speaking about is a recurrent one and that as a result the benefit of acquiring an angel customer goes well beyond the financial revenue derived from them in the first year. So, beyond the immediate profit improvement that are likely to results from their refocusing on the right customers this year, I anticipate this company to achieve a surge of their financial results in the following years (This hopefully will ultimately also find a reflection in their stock price...)
This book should serve as a wake up call to senior executives who desire to take their companies to the next level of success. I found it compelling that the companies cited in the book that have undertaken this transformation have been greatly rewarded through increased profitability and above average stock movement. After reading this book, I believe that executives may perceive such a reorganization to be daunting and require the use of outside consultants. However, Seldon poignantly points out that the immediacy of favorable results on a small scale will make company wide transformation quickly achievable, and produce substantially improved financial returns.
Anyone, outside of a novice business student, that finds this book interesting or useful may want to consider another profession than business! Look for a used copy of this book on Amazon......I'm selling it cheap. How does garbage like this get published? ... Read more | |
| 154. The Leadership Challenge Workbook by James M.Kouzes, Barry Z.Posner | |
![]() | list price: $14.95
our price: $10.17 (price subject to change: see help) Asin: 0787968218 Catlog: Book (2003-07-25) Publisher: John Wiley & Sons Sales Rank: 10890 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Reviews (1)
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| 155. Delivering Knock Your Socks Off Service by Ron Zemke, Kristin Anderson | |
![]() | list price: $18.95
our price: $12.89 (price subject to change: see help) Asin: 081440765X Catlog: Book (2002-10-01) Publisher: American Management Association Sales Rank: 36166 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |