4+2 = Sustained Business Success
- Topics:
- Growth
- Tags:
- Business Structures,
- Productivity,
- Mergers & Acquisitions,
- Management Practice,
- Management,
- Leadership,
- Investment,
- Harvard Knowledgebase,
- Finance,
- Strategy
- Source:
- Harvard Knowledgebase
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Overview: From the executive summary: ‘Researches indicate that most of the management tools and techniques do not have any direct implications on the superior business performance. However, what really matters is having a strong grasp of the business basics. Without exception, companies that outperformed the industry peers excelled at four primary management practices viz. strategy, execution, culture, and structure. And the companies supplemented the great skills in aforesaid areas with a mastery of any two out of four secondary management practices viz. talent, innovation, leadership, mergers, and partnerships.’ The paper elucidates that an organization should focus on sustained business success rather than short-term goals.
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Format: HTML | Date: Jul 2003 | Pages: 1
