ENGLISH

Fit to Bust: How Great Companies Fail

By Tim Phillips

Book information

Publisher
Kogan Page
Year
2011
ISBN
074946013X, 978-0-7494-6013-6, 978-0-7494-6014-3, 0749460148
LCC
HG3761 .P47 2011
Open Library ID
OL24881782M
Language
english
Format
PDF
Filesize
928 kB (950513 bytes)
Pages
216\216
Topic
Business Management
Time added
2012-02-04 16:00:00
Менеджмент;Менеджмент

Description

Warren Buffet remarked that it takes 20 years to build a reputation and five minutes to ruin it. "If you think about that, you'll do things differently." Journalist Tim Phillips turns his eye toward the most avoidable business disasters of recent history. In each case, the story begins at the point where a disastrous decision was made, and then it examines what happened, why it happened and what could have been different. Each story highlights a flaw that could affect any organization -- for example, overexpansion, failure to do due diligence, or blindness toward an economic bubble. Phillips then isolates the moment, meeting or decision just before the failure, and asks "What were they thinking?" Engaging and informative, he offers insights on why smart people make bad decisions, as well as on the process of management and decision-making in today's business world. Using first-hand accounts of the people involved, Fit to Bust discusses business collapses such as Enron, Polaroid, WorldCom, and Woolworth's and explains how changing one decision could have helped avoid disaster.

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