July 31st 2007

Creative Destruction. Why companies that are built to last underperform the market- and how to successfully transform them. Richard Foster and Sarah Kaplan.

Creative Destruction. Richard Foster and Sarah Kaplan. ISBN 0385501331. Both partners in McKinsey. Subhead really says it. Why companies that are built to last under perform the market- and how to successfully transform them. I may never finish this one. Not a light read, but still fascinating. Basic story; if you build a company to last, it will not remain nimble enough to lead the market. Thus the shareholders will be less than happy and dump you. He has the stats to prove it. The best performing companies he sees are private investment cos and venture capitalists. They make quick, cold decisions and are out performing the market. There is some optimism here and suggestions for company wrenching change. Ask me in six months what I thought of it.

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