In Value Leadership, renowned management and investmentexpert Peter Cohan -- whose 2002 stock picks gained 81percentwhen the S&P 500 plunged 24 percent-- provides a new andpowerful concept of sustainable corporate value. Using hisexpertise in understanding shareholder value, Cohan offersexecutives seven management principles that were tested in periodsof economic expansion and contraction. These principles are:valuing human relationships, fostering teamwork, experimentingfrugally, fulfilling your commitments, fighting complacency,winning through multiple means, and giving to your community. Cohanillustrates these principles by drawing on examples from eightValue Leaders-- Synopsys, WalMart, Goldman Sachs, MBNA,Johnson & Johnson, J. M. Smucker, Southwest Airlines, andMicrosoft. Through two recessions, these companies grew 35 percentfaster, were 109 percent more profitable, and generated five timesmore shareholder wealth than their peers.
Autorentext
Peter S. Cohan is president of Peter S. Cohan & Associates, a management consulting and venture capital firm. He has written seven books, including The Technology Leaders (Jossey-Bass, 1997), which was selected as one of the ten best management books of 1997 by Management General, and Net Profit (Jossey-Bass, 2001), which the Washington Post called "A savvy, discriminating guide to Internet business." He has appeared on Good Morning America, CNN, and CNBC and has been quoted in the New York Times,Time,Fortune,and Business Week. Cohan is also an executive-in-residence at Babson College in Wellesley, Massachusetts.
Klappentext
Create Value AND Improve Performance in your Organization
"Peter Cohan achieves the rare feat of showing how companies can link values, leadership, and human relationships to competitive success and financial performance."
—George S. Yip, professor and associate dean, London Business School, and author, Total Global Strategy
"We all have a problem with investments. We don’t trust what we see and hear. Without trust, values are destroyed. Peter Cohan’s Value Leadership is a clear and accessible guide for each individual to make intelligent choices and to restore value. You will want to read this book more than once."
—Robert A. G. Monks, founder, Institutional Shareholder Services and LENS
"Corporate America and the investing public would have been far healthier if the wisdom of Value Leadership had been integrated into the cultures of those once great firms recently savaged by self-serving rogue executives. The lessons are powerful and yet readable. They come off as rich dramas rather than ethical scolding."
—Jeffrey Sonnenfeld, professor and associate dean, Yale School of Management
Zusammenfassung
In Value Leadership, renowned management and investment expert Peter Cohan whose 2002 stock picks gained 81percent when the S&P 500 plunged 24 percent provides a new and powerful concept of sustainable corporate value. Using his expertise in understanding shareholder value, Cohan offers executives seven management principles that were tested in periods of economic expansion and contraction. These principles are: valuing human relationships, fostering teamwork, experimenting frugally, fulfilling your commitments, fighting complacency, winning through multiple means, and giving to your community. Cohan illustrates these principles by drawing on examples from eight Value Leaders Synopsys, WalMart, Goldman Sachs, MBNA, Johnson & Johnson, J. M. Smucker, Southwest Airlines, and Microsoft. Through two recessions, these companies grew 35 percent faster, were 109 percent more profitable, and generated five times more shareholder wealth than their peers.
Inhalt
Introduction: What Is Value Leadership? 1
1 Where Do You Stand? (Start with the Value Quotient) 25
2 People Matter (Value Human Relationships) 53
3 Two Heads Are Better Than One (Foster Teamwork) 81
4 Growth Matters (Experiment Frugally) 107
5 Trust Is Vital (Fulfill Your Commitments) 137
6 Success Can Breed Failure (Fight Complacency) 165
7 Profit Is Vital (Win Through Multiple Means) 189
8 Doing Good Matters (Give to Your Community) 221
9 Actions Speak Louder Than Words (Instill Value Leadership in Executives, Investors, and
Policymakers) 253
Appendix: Selection and Value Quotient Analysis of Value Leaders 275
Notes 291
Acknowledgments 302
The Author 304
Index 307