Ruthless Execution (Review and Analysis of Hartman's Book)
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About this ebook
This complete summary of the ideas from Amir Hartman's book "Ruthless Execution" shows that every business, no matter how successful, eventually hits difficulties. When this happens, most businesses choose one of two strategies: trusting that hype will gloss over problems or savage layoffs combined with massive, unpopular cost cutting. In his book, the author suggests a third way that ensures long-term profit and growth, as well as refocusing the business in the short term. Ruthless execution has three key features: leadership, governance and critical capabilities. This summary explains how simple measures in each of these key areas can make a considerable change.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "Ruthless Execution" and find out how to steer your business through difficult times.
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Ruthless Execution (Review and Analysis of Hartman's Book) - BusinessNews Publishing
Book Presentation: Ruthless Execution by Amir Hartman
Book Abstract
About the Author
Important Note About This Ebook
Summary of Ruthless Execution (Amir Hartman)
1. Leadership: Recalibrate your strategies
2. Governance: Recalibrate your rules
3. Critical Capabilities: Recalibrate your business
Book Abstract
MAIN IDEA
Sooner or later, every growing business enterprise hits the wall
– where growth peters out because of unfavorable economic conditions, the bad decisions of yesterday, ineffective execution, lack of innovation, missed market opportunities or other reasons. In the past, hitting the wall could mean major problems or even bankruptcy. Today, however, business leaders can use these reversals to their own advantage as an opportunity to revitalize and refocus their efforts moving forward. Ruthless execution
is defined as the behavior patterns of leaders who cope successfully with business reversals.
Conventional wisdom states that in times of trouble, corporations have two options open to them:
Run-and-gun strategy – keep pursuing a grand vision and hope the hype will gloss over the lack of business fundamentals.
Slash-and-burn strategy – make massive layoffs and unpopular cost cutting measures to restore corporate profitability.
Ruthless execution, however, suggests a business reversal can have some positive effects. It can force the business to refocus on what it should have been concentrating on in the first place. Managing a business reversal requires a three stage approach:
"With the advent of a turbulent economy, with the increasing realization that business resembles a roller coaster more than a rocket ship, with more and more companies plummeting from their peaks, a new, painful fact of life in business has become clear: Companies can no longer assume a steadily upward pattern of growth. Invariably, companies are going to get into trouble from time to time,