The three rules: how exceptional companies think

Book Cover
Average Rating
Publisher:
Portfolio,
Pub. Date:
[2013]
Language:
English
Description
Finally, an answer to the ultimate business question: How do some companies achieve exceptional performance over the long term? In every sector, there's an outlier. In the phar­maceutical industry, it's Merck. In discount retail, it's Family Dollar. It used to be Wrig­ley in candy and Maytag in appliances. Other superstars have been hidden in plain sight, like Heartland Express in trucking or Linear Technology in semiconductors. How do these exceptional companies deliver superior perfor­mance over the long run despite facing the same constraints as competitors? What are they doing differently? What can we learn from them? Michael E. Raynor and Mumtaz Ahmed have analyzed data on more than 25,000 com­panies spanning forty-five years. Their five-year study began with a sophisticated statistical analysis to identify which companies have truly exceptional performance, 344 in all. In collaboration with teams of researchers, Raynor and Ahmed then put a carefully chosen representative sample of twenty-seven com­panies under the microscope to uncover what made the stand-out performers different. They found that exceptional companies, when faced with difficult decisions, follow three rules: Better before cheaper. They rarely compete on price. Revenue before cost. They drive profits through price and volume, not thrift. There are no other rules. Everything else is up for grabs, and they are willing to change anything to remain true to the first two rules. The rules provide an indispensable compass that any company can use to chart its own path to greatness. Is it better to keep price down or invest in creating value that commands a higher price? Should you focus on talent and develop­ing the abilities of your people or build processes to extend the capabilities of your organization? How about acquiring a sizable competitor to secure economies of scale--or a small start-up to gain access to new technology? According to Raynor and Ahmed, the right answers to these and just about every other question are the ones most closely aligned with the rules. The Three Rules is built on a powerful combina­tion of large-scale data analysis and in-depth case studies. Its guidance will increase the chance that your organization can become truly exceptional.
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Grouping Information

Grouped Work ID c261cdf4-9f71-43fd-dc4b-2b81c3c2fb8d
Grouping Title three rules how exceptional companies think
Grouping Author raynor michael e
Grouping Category book
Last Grouping Update 2018-10-08 04:44:06AM
Last Indexed 2018-12-09 04:27:53AM

Solr Details

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auth_author2 Ahmed, Mumtaz., Synnestvedt, Erik.
author Raynor, Michael E.
author2-role Ahmed, Mumtaz., Gildan Media Corporation., OneClick Digital (Firm), Recorded Books, LLC., Synnestvedt, Erik.|Narrator, hoopla digital.
author_display Raynor, Michael E
available_at_lafayette Lafayette Public Library
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display_description Finally, an answer to the ultimate business question: How do some companies achieve exceptional performance over the long term? In every sector, there's an outlier. In the pharmaceutical industry, it's Merck. In discount retail, it's Family Dollar. It used to be Wrigley in candy and Maytag in appliances. Other superstars have been hidden in plain sight, like Heartland Express in trucking or Linear Technology in semiconductors. How do these exceptional companies deliver superior perforƯmance over the long run despite facing the same constraints as competitors? What are they doing differently? What can we learn from them? Michael E. Raynor and Mumtaz Ahmed have analyzed data on more than 25,000 companies spanning forty-five years. Their five-year study began with a sophisticated statistical analysis to identify which companies have truly exceptional performance, 344 in all. In collaboration with teams of researchers, Raynor and Ahmed then put a carefully chosen representative sample of twenty-seven companies under the microscope to uncover what made the stand-out performers different. They found that exceptional companies, when faced with difficult decisions, follow three rules: Better before cheaper. They rarely compete on price. Revenue before cost. They drive profits through price and volume, not thrift. There are no other rules. Everything else is up for grabs, and they are willing to change anything to remain true to the first two rules. The rules provide an indispensable compass that any company can use to chart its own path to greatness. Is it better to keep price down or invest in creating value that commands a higher price? Should you focus on talent and developing the abilities of your people or build processes to extend the capabilities of your organization? How about acquiring a sizable competitor to secure economies of scale - or a small start-up to gain access to new technology? According to Raynor and Ahmed, the right answers to these and just about every other question are the ones most closely aligned with the rules. The Three Rules is built on a powerful combination of large-scale data analysis and in-depth case studies. Its guidance will increase the chance that your organization can become truly exceptional.
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series Your coach in a box
series_with_volume Your coach in a box|
subject_facet Audiobooks, Downloadable audio books, Organizational effectiveness, Success in business
title_display The three rules : how exceptional companies think
title_full The three rules : how exceptional companies think / Michael E. Raynor and Mumtaz Ahmed, The three rules : how exceptional companies think [electronic resource] / Michael E. Raynor and Mumtaz Ahmed, The three rules [electronic resource] : how exceptional companies think / Michael E. Raynor and Mumtaz Ahmed
title_short The three rules :
title_sub how exceptional companies think
topic_facet Organizational effectiveness, Success in business