Creative Destruction: Why Companies That Are Built to Last Underperform the Market--And How to Successfully Transform Them

Creative Destruction: Why Companies That Are Built to Last Underperform the Market--And How to Successfully Transform Them Richard Foster Sarah Kaplan
  • Title: Creative Destruction: Why Companies That Are Built to Last Underperform the Market--And How to Successfully Transform Them
  • Author: Richard Foster Sarah Kaplan
  • ISBN: 9780385501347
  • Page: 429
  • Format: Paperback
  • Creative Destruction: Why Companies That Are Built to Last Underperform the Market--And How to Successfully Transform Them Richard Foster Sarah Kaplan Creative Destruction Why Companies That Are Built to Last Underperform the Market And How to Successfully Transform Them Turning conventional wisdom on its head a Senior Partner and an Innovation Specialist from McKinsey Company debunk the myth that high octane built to last companies can continue to excel year after
    Turning conventional wisdom on its head, a Senior Partner and an Innovation Specialist from McKinsey Company debunk the myth that high octane, built to last companies can continue to excel year after year and reveal the dynamic strategies of discontinuity and creative destruction these corporations must adopt in order to maintain excellence and remain competitive.InTurning conventional wisdom on its head, a Senior Partner and an Innovation Specialist from McKinsey Company debunk the myth that high octane, built to last companies can continue to excel year after year and reveal the dynamic strategies of discontinuity and creative destruction these corporations must adopt in order to maintain excellence and remain competitive.In striking contrast to such bibles of business literature as In Search of Excellence and Built to Last, Richard N Foster and Sarah Kaplan draw on research they conducted at McKinsey Company of than one thousand corporations in fifteen industries over a thirty six year period The industries they examined included old economy industries such as pulp and paper and chemicals, and new economy industries like semiconductors and software Using this enormous fact base, Foster and Kaplan show that even the best run and most widely admired companies included in their sample are unable to sustain their market beating levels of performance for than ten to fifteen years Foster and Kaplan s long term studies of corporate birth, survival, and death in America show that the corporate equivalent of El Dorado, the golden company that continually outperforms the market, has never existed It is a myth.Corporations operate with management philosophies based on the assumption of continuity as a result, in the long term, they cannot change or create value at the pace and scale of the markets Their control processes, the very processes that enable them to survive over the long haul, deaden them to the vital and constant need for change Proposing a radical new business paradigm, Foster and Kaplan argue that redesigning the corporation to change at the pace and scale of the capital markets rather than merely operate well will require than simple adjustments They explain how companies like Johnson and Johnson , Enron, Corning, and GE are overcoming cultural lock in by transforming rather than incrementally improving their companies They are doing this by creating new businesses, selling off or closing down businesses or divisions whose growth is slowing down, as well as abandoning outdated, ingrown structures and rules and adopting new decision making processes, control systems, and mental models Corporations, they argue, must learn to be as dynamic and responsive as the market itself if they are to sustain superior returns and thrive over the long term.In a book that is sure to shake the business world to its foundations, Creative Destruction, like Re Engineering the Corporation before it, offers a new paradigm that will change the way we think about business.From the Hardcover edition.
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      Posted by:Richard Foster Sarah Kaplan
      Published :2020-02-09T08:02:47+00:00

    About Richard Foster Sarah Kaplan


    1. Richard Foster Sarah Kaplan Is a well-known author, some of his books are a fascination for readers like in the Creative Destruction: Why Companies That Are Built to Last Underperform the Market--And How to Successfully Transform Them book, this is one of the most wanted Richard Foster Sarah Kaplan author readers around the world.


    238 Comments


    1. According to Foster and Kaplan it is no longer the objective of a corporation to effectively and efficiently manufacture a tangible product The objective is to spin off, merge and acquire, and constantly reinvent and restructure for the objective of beating the market In other works trade off consistency in the tangible for wild fluctuations in the intangible As is typical of a business book written prior to the fall of 2001, MCI and Enron get praised One has to wonder if these authors were so s [...]

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