Performance Without Compromise: How Emerson Consistently Achieves Winning Results

Performance Without Compromise: How Emerson Consistently Achieves Winning Results | Charles F. Knight, Davis Dyer | A culture of planning, accountability and trust

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Performance Withou...

	Performance Without Compromise: How Emerson Consistently Achieves Winning Results Charles F. Knight, Davis Dyer Harvard Business School Press, 2005 - 304 pages average customer review:based on 8 reviews view larger image
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highly recommended

If you want to lead and not follow, read this book

Aloha,

I worked at Emerson and knew most of the people that Chuck mention in the book and just their names show that this man was a great leader in he knew the most important part of leadership, selecting talent, leading them on the right path and getting out of the way.

I would recommend this book to anyone thinking of going into business or in business. I think coaches of sports teams would benefit from reading this book.

I was in several companies in my career but none that I respected more than Emerson. Chuck and his leaders are firm but fair. I came away from Emerson a better manager.

I was specially moved by the words Chuck had for Bill Rutledge as this showed the Chuck we all knew even when he was chewing us out for what we most of the time deserved. He cared.

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A culture of planning, accountability and trust

Performance without Compromise gets right down to business and exposes the cultural underpinnings and successful management process that has made Emerson an unparalleled success story of American and now global business. This is not a how-to book; there are plenty of those. When you look beyond the mechanics of the process, the levels of planning meetings and relentless follow-up, you will see how they foster a business climate of trust, accountability and effective communication at every level of the organization. If you don't see Management as a PROCESS for today's fast-paced, globalized world of business, you will, and within the first few chapters.

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A Start!

Charles Knight clearly has an enviable track record - he and his predecessor achieved 43 consecutive annual increases in Earnings Per Share and Dividends Per Share at Emerson Electric (St. Louis, MO.) During Knight's tenure the firm grew from 12 divisions with less than $1 billion in annual revenues to over 60 divisions exceeding $15 billion. Getting there involved over 200 acquisitions, and an executive turnover rate of less than 4%.

The bad news is that reading this book will not make you into another Charles Knight. Some pointers are there, but far more is needed - Larry Bossidy's "Execution," and "Confronting Reality" provide much greater detail and operational advice.

The good news is that if you follow the points provided (eg. identifying growth areas to meet targets, rather than simply accepting the growth in existing markets; setting a goal of becoming the best cost producer - worldwide - also leads to best quality, if done correctly; summarizing plans in writing, and providing regular follow-up) - your firm WILL improve (unless is already is doing quite well).

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reviews: 1, page 2

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