By Paul B. Carroll, Chunka Mui
”This ebook is your likelihood to profit from others’ mistakes.”-- Entrepreneur
In the Nineteen Sixties, IBM CEO Tom Watson known as an government into his place of work after his enterprise misplaced $10 million. the guy assumed he was once being fired. Watson advised him, “Fired? Hell, I spent $10 million teaching you. I simply are looking to be sure to discovered the appropriate lessons.”
There are hundreds of thousands of books approximately winning businesses yet nearly none concerning the classes to be realized from those who crash and burn. Now Paul Carroll and Chunka Mui draw on examine into greater than 750 flameouts to bare the seven greatest purposes for company failure.
Read or Download Billion Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Ye ars PDF
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Additional resources for Billion Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Ye ars
It may mean hiring an outsider. The process is simply designed to bring all possible objections to the surface, given that strategy-setting processes often smooth over objections. Note that the devil’s advocate process isn’t designed to override the top executives of a business. We’ll say that again: The devil’s advocate process isn’t designed to override the top executives of a business. Despite the profusion of failures that we detail in this book, we aren’t saying that every venture is doomed to fail.
Through extensive research on real world companies, the authors have identified seven strategies that will likely make your business sick. ” — Martin Nisenholtz, senior vice president, digital operations, The New York Times Company “This book draws you in with engaging stories of smart experienced leaders delivering spectacular failures. ” — Toby Eduardo Redshaw, global CIO, Aviva “Paul Carroll and Chunka Mui show how to avoid the catastrophic strategic failures that have laid low so many companies over the past few decades.
The situation got so bad that major media, including 60 Minutes, did pieces on UnumProvident’s practices. 60 Minutes found an eye surgeon with Parkinson’s disease whose disability claim had been disallowed. “I knew that if I tried to operate on someone I might blind them,” said the surgeon, John Tedesco, as the broadcast showed his shaking right hand. ” Although appellate judges drastically lowered the initial verdicts, UnumProvident still had to pay many individuals more than $10 million each for unfairly disallowed claims, and the sheer number of lawsuits was daunting.