High Performance Companies (eBook)

Successful Strategies from the World's Top Achievers

Nitin Pangarkar (Autor)

eBook Download: PDF

2011 | 1. Auflage
210 Seiten
John Wiley & Sons (Verlag)
978-0-470-83012-3 (ISBN)

Infos

The easy-to-adopt strategies that make companies from Coca-Cola
to Starbucks perennial over-performers and that you can use,
too

High Performance Companies complements the frameworks for
strategy making detailed in many existing books, proposing a number
of rules of thumb (or principles) that companies can consider when
making their day-to-day decisions which, in turn, will determine
their actual strategies. These principles traverse a wide range of
scenarios, such as strategic changes implemented by companies,
resource allocation decisions--especially towards building
durable assets--and resource acquisition through inorganic
means.

The book adopts a reader-friendly approach by teasing out the
lessons to be found in detailed cases studies from interesting
companies. The writing minimizes jargon while maintaining rigor,
especially with regard to the applicability and relevance of the
strategic principles to different business contexts.

* Cites extensive evidence in support of the proposed arguments,
without sacrificing readability

* Combines both short and long case studies within each chapter
to demonstrate the general applicability of the principles
presented

* Uses a variety of examples ranging from well-known companies
such as Coca-Cola, Singapore Airlines, and Starbucks to relatively
lesser known companies such as Illinois Tool Work, SAS Institute,
and Heng Long Leather to show that the principles presented are
applicable everywhere

Providing valuable new insight into what makes a business
successful and how to replicate this in a company of any size,
High Performance Companies is an essential addition to the
library of any manager or student of business.

Autor

Since obtaining a PhD degree in Strategic Management from the University of Michigan, Nitin Pangarkar has spent more than 15 years teaching Strategic Management in business schools around the world. In addition to his teaching in degree programs, he has also addressed several managerial conferences and conducted training sessions for blue-chip companies based in the US, Europe and Asia. Nitin has authored dozens of cases, scores of research articles in academic journals, articles in newspapers and two books that have been translated into Mandarin. He serves on the Editorial Review Board of Strategic Management Journal, the most prestigious journal in the strategic management area.

Inhalt

Foreword xi

Preface xiii

Acknowledgments xv

1 My Motivations 1

Introduction and Positioning 1

Seven Concerns Raised by the Content and Approach of OtherBooks 6

A Book on Strategic Principles: The Idea 11

Approach of the Book 11

Organization of the Book 13

The Final Word 15

2 Discover Diamonds among Coals 19

Resources, Firm Strategy, and Performance 19

Acquisitions Fitting the"Discover-Diamonds-among-Coals" Adage 22

Mittal Steel: Discovering Diamonds amongCoals--Consistently! 25

Building a Global Empire through Acquisitions 27

The Recipe for Success 29

How Mittal Polishes Raw Diamonds 34

The Final Word 37

3 Build Durable Assets 45

Durable Assets and Performance 45

Tiger Balm: Durable Assets Withstand Twenty Years of Neglect52

Pawning the Family Heirloom 55

Restoring the Tiger Balm's Roar through Investments inDurable Assets 56

The Recipe for Success 58

The Tiger Balm Case and Its Implications for a Strategy Based onDurable Assets 59

The Final Word 61

4 Focus on Small Wins 69

Big Hits, Big Flops, and Their Performance Implications 69

Small Wins: An Alternative Route to Superior Performance?72

YKK's Small Wins Lead to Market Dominance 73

The Lincoln Electric Company's Small- Wins- BasedStrategy 76

Illinois Tool Works: Scoring Big with Numerous Small Wins 80

The Four Cornerstones of ITW's Strategy 81

The Final Word 89

5 Integrate to Innovate 97

The Importance of Innovation 97

Innovation Strategies 99

Innovation through Integration 101

SAS Institute: The Consummate "Integrator" 102

Fanuc: Industry Dominance through Integration and Innovation107

Integration of External Knowledge at Fanuc 110

Internal Integration at Fanuc 113

The Final Word 114

6 Advance (Strategically and Competitively) During a Crisis121

Crises as Common Events 121

Top Managers and Crises 123

The Tylenol Crisis and Johnson & Johnson 124

Toyota Fumbles 127

Singapore Airlines (SIA): Proactive Management of Crises 133

SIA's Response to the East Asian Economic Crisis133

The SQ 006 Crash in Taiwan and SIA's Response135

The Final Word 140

7 Beware of the Incremental (Strategic Change)! 149

Importance of Strategic Change and Its Performance Implications149

Mixed Performance Outcomes of Strategic Changes at Starbucks andMcDonald's 151

Strategic Changes and Their Performance Implications atTupperware 156

Tupperware's Social Impact and Performance 156

The Beginnings 158

The Growth Years 159

Innovative Business Model 159

Strategic Changes 161

Putting the Strategic Changes and Their Performance Impactsin Perspective 165

The Final Word 166

8 Strategic Principles in a Nutshell 173

Strategic Principles and Their Relevance 173

Simple yet Powerful 173

Applicability Beyond Large Companies 175

Applicability Across Geographies 177

Some Common Themes (and Factors) Across the Examples 179

CEOs and Top Managers Set the Correct Example 179

A Clearly Conceived Strategy That Often Defies

Conventional Wisdom 180

Long View 181

Managing Risks 182

Careful Attention to Execution or Implementation Issues andManagement of People Resources 183

In Conclusion 184

Index 189

Produkt-Details

• Erscheint lt. Verlag: 11.10.2011
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Schlagworte: Business & Management • Strategic Management • Strategisches Management • Wirtschaft u. Management
• ISBN-10: 0-470-83012-3 / 0470830123
• ISBN-13: 978-0-470-83012-3 / 9780470830123