What Really Works (Review and Analysis of Joyce, Nohria and Roberson's Book)
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About this ebook
This complete summary of the ideas from William Joyce, Nitrin Nohria and Bruce Roberson's book "What Really Works" asks a fundamental question: "What is the secret to sustained business success?" In their book, the authors reveal the research they carried out in order to answer this question, which they summarise in one simple result: all successful companies master six specific management practices. This summary explains each of these practices and how you can implement them to boost the success of your business.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "What Really Works" and discover the key strategies for future success.
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What Really Works (Review and Analysis of Joyce, Nohria and Roberson's Book) - BusinessNews Publishing
Book Presentation What Really Works by William Joyce, Nitin Nohria & Bruce Roberson
Book Abstract
About the Author
Important Note About This Ebook
Summary of What Really Works (William Joyce, Nitin Nohria & Bruce Roberson)
1. The four primary management practices
2. The four secondary management practices
Book Abstract
MAIN IDEA
What is the secret to sustained business success? When it comes to being successful over the long haul, what really works?
To answer this question scientifically, a five-year research project – dubbed the Evergreen Study
in recognition its attempt to search for the evergreen
principles of success – was undertaken by consultants and business school professors at top universities around the country. They analyzed more than 200 management practices, fads, silver-bullet cures and management buzzwords commonly used by 160 companies to statistically identify what really matters in business and what does not.
At the end of this five-year analysis, the Evergreen Study came up with a stunningly simple result: All successful companies master six specific management practices, four of which are compulsory (the four primary management practices) and two of which are optional but which must come from a list of four secondary management practices. This 4+2 pattern is found in every company which has achieved and sustained long-term success.
In essence, the 4+2 formula is an unambiguous road map to success. Any company or organization which aspires to succeed in the future simply needs to find effective ways to excel in the four primary practices and any two of the secondary practices.
"The results of the Evergreen Study were startling. Most of the 200 practices we started with turned out to be chaff – their success or failure was irrelevant to total-return-to-shareholders. But we found a clear and compelling correlation between total-return-to-shareholders and eight general areas of management practice: four primary and four secondary.