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Billion Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Ye Ars

Paul B Carroll, Chunka Mui

Carroll and Mui believe there's enormous value in learning from companies' mistakes. The authors have studied the most significant business failures of the last 25 years and have found that the #1 cause of failure is misguided strategy--not lack of leadership of sloppy execution.

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Book Information

Publisher: Portfolio
Publish Date: 09/11/2008
Pages: 310
ISBN-13: 9781591842194
ISBN-10: 1591842190
Language: English

What We're Saying

March 05, 2009

Portfolio publisher Adrian Zackheim posted a year in review from that house's perspective on Monday that stands out as a beacon of hope amidst all the publishing gloom of late. (As you all probably know, Portfolio is the publisher of The 100 Best. ) Adrian sums up 2008 as follows: Despite reduced store traffic through the year, Portfolio reported topline sales growth of 22% and gross margin growth of more than 50%. READ FULL DESCRIPTION

September 26, 2008

Reviewing Reviews: Part II

By 800-CEO-READ

I have a few more links for you all before I leave for the weekend. There are only two actual reviews among them, but it's the end of the day on a Friday afternoon, and I had to name this post something. First up, BusinessWeek's Jessica Scanlon penned an interesting profile of the incomparable Seth Godin--maketing guru, friend of the company, and the man who just today taught me the difference between Stephen R. READ FULL DESCRIPTION

September 16, 2008

Book Review Roundup

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We haven't taken a look at what books the big business magazines have been covering for awhile, in part because the coverage has been kind of slim. The Economist has covered some really, really, interesting looking books, but seems to have taken a hiatus from business books. Even BusinessWeek is reviewing business books with a bent toward the larger picture rather than your more typical business book. READ FULL DESCRIPTION

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"This book is your chance to learn from others' mistakes."-- Entrepreneur In the 1960s, IBM CEO Tom Watson called an executive into his office after his venture lost $10 million. The man assumed he was being fired. Watson told him, "Fired? Hell, I spent $10 million educating you. I just want to be sure you learned the right lessons." There are thousands of books about successful companies but virtually none about the lessons to be learned from those that crash and burn. Now Paul Carroll and Chunka Mui draw on research into more than 750 flameouts to reveal the seven biggest reasons for business failure.

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