Team of Teams by General Stanley McChrystal | Key Takeaways & Analysis

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Publisher : Instaread Summaries
ISBN 13 :
Total Pages : pages
Book Rating : 4./5 ( download)

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Book Synopsis Team of Teams by General Stanley McChrystal | Key Takeaways & Analysis by : Instaread

Download or read book Team of Teams by General Stanley McChrystal | Key Takeaways & Analysis written by Instaread and published by Instaread Summaries. This book was released on 2015-09-29 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Team of Teams by General Stanley McChrystal | Key Takeaways & Analysis Preview: Team of Teams by General Stanley McChrystal is an examination of the process he began of restructuring the Joint Special Operations Command management style, from a rigid command structure to a cooperative team comprised of smaller specialized teams. While fighting Al-Qaeda in Iraq (AQI), General McChrystal noted how the United States and coalition militaries were efficient war-fighting machines, but they were not adaptable or effective against the seemingly disordered AQI. In 2005, after a particularly destructive terrorist attack at the opening of a sewage plant near Baghdad, McChrystal began considering whether the efficient structure was actually hindering the counterinsurgency, preventing them from responding to threats in real time and delaying the capture of AQI leader Abu Musab al-Zarqawi. Modern military management originated at the 1900 World's Fair, when Frederick Winslow Taylor revealed his work in steel production efficiency. Taylor believed that there is a right way to do any given thing… PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread Key Takeaways & Analysis of Team of Teams • Overview of book • Introduction to the Important People in the book • Key Takeaways and Analysis of Key Takeaways

Team of Teams

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Publisher : Penguin
ISBN 13 : 0698178513
Total Pages : 304 pages
Book Rating : 4.6/5 (981 download)

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Book Synopsis Team of Teams by : Gen. Stanley McChrystal

Download or read book Team of Teams written by Gen. Stanley McChrystal and published by Penguin. This book was released on 2015-05-12 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the New York Times bestselling author of My Share of the Task and Leaders, a manual for leaders looking to make their teams more adaptable, agile, and unified in the midst of change. When General Stanley McChrystal took command of the Joint Special Operations Task Force in 2004, he quickly realized that conventional military tactics were failing. Al Qaeda in Iraq was a decentralized network that could move quickly, strike ruthlessly, then seemingly vanish into the local population. The allied forces had a huge advantage in numbers, equipment, and training—but none of that seemed to matter. To defeat Al Qaeda, they would have to combine the power of the world’s mightiest military with the agility of the world’s most fearsome terrorist network. They would have to become a "team of teams"—faster, flatter, and more flexible than ever. In Team of Teams, McChrystal and his colleagues show how the challenges they faced in Iraq can be rel­evant to countless businesses, nonprofits, and or­ganizations today. In periods of unprecedented crisis, leaders need practical management practices that can scale to thousands of people—and fast. By giving small groups the freedom to experiment and share what they learn across the entire organiza­tion, teams can respond more quickly, communicate more freely, and make better and faster decisions. Drawing on compelling examples—from NASA to hospital emergency rooms—Team of Teams makes the case for merging the power of a large corporation with the agility of a small team to transform any organization.

Key Takeaways & Analysis of General Stanley McChrystal's Team of Teams

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Publisher :
ISBN 13 : 9781943427314
Total Pages : pages
Book Rating : 4.4/5 (273 download)

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Book Synopsis Key Takeaways & Analysis of General Stanley McChrystal's Team of Teams by : Instaread (Firm)

Download or read book Key Takeaways & Analysis of General Stanley McChrystal's Team of Teams written by Instaread (Firm) and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Inside this Instaread Key takeaways & analysis of Team of teams: Overview of book -- Introduction to the important people in the book -- Key takeaways and analysis of key takeaways.

Key Takeaways and Analysis of Team of Teams

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ISBN 13 : 9781514697979
Total Pages : 0 pages
Book Rating : 4.6/5 (979 download)

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Book Synopsis Key Takeaways and Analysis of Team of Teams by : InstaRead Summaries Staff

Download or read book Key Takeaways and Analysis of Team of Teams written by InstaRead Summaries Staff and published by . This book was released on 2015-06-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Team of Teams by General Stanley McChrystal | Key Takeaways & Analysis Preview: Team of Teams by General Stanley McChrystal is an examination of the process he began of restructuring the Joint Special Operations Command management style, from a rigid command structure to a cooperative team comprised of smaller specialized teams. While fighting Al-Qaeda in Iraq (AQI), General McChrystal noted how the United States and coalition militaries were efficient war-fighting machines, but they were not adaptable or effective against the seemingly disordered AQI. In 2005, after a particularly destructive terrorist attack at the opening of a sewage plant near Baghdad, McChrystal began considering whether the efficient structure was actually hindering the counterinsurgency, preventing them from responding to threats in real time and delaying the capture of AQI leader Abu Musab al-Zarqawi. Modern military management originated at the 1900 World's Fair, when Frederick Winslow Taylor revealed his work in steel production efficiency. Taylor believed that there is a right way to do any given thing... PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread Key Takeaways & Analysis of Team of Teams * Overview of book * Introduction to the Important People in the book * Key Takeaways and Analysis of Key Takeaways

One Mission

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Publisher : Penguin
ISBN 13 : 0735211361
Total Pages : 304 pages
Book Rating : 4.7/5 (352 download)

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Book Synopsis One Mission by : Chris Fussell

Download or read book One Mission written by Chris Fussell and published by Penguin. This book was released on 2017-06-13 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the co-author of the New York Times bestseller Team of Teams, a practical guide for leaders looking to make their organizations more interconnected and unified in the midst of sudden change. Too often, companies end up with teams stuck in their own silos, pursuing goals and metrics in isolation. Their traditional autocratic structures create stability, scalability, and predictability -- but in a world that demands rapid adaptation to a new reality, this traditional model simply doesn’t work. In Team of Teams, retired four-star General Stanley McChrystal and former Navy SEAL Chris Fussell made the case for a new organizational model combining the agility, adaptability, and cohesion of a small team with the power and resources of a giant organization. Now, in One Mission, Fussell channels all his experiences, both military and corporate, into powerful strategies for unifying isolated and distrustful teams. This practical guide will help leaders in any field implement the Team of Teams approach to tear down their silos improve collaboration, and avoid turf wars. By committing to one higher mission, organizations develop an overall capability that far exceeds the sum of their parts. From Silicon Valley software giant Intuit to a government agency on the plains of Oklahoma, organizations have used Fussell’s methods to unite their people around a single compelling vision, resulting in superior performance. One Mission will help you follow their example to a more agile and resilient future.

Team of Teams (Summary)

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781514823552
Total Pages : 82 pages
Book Rating : 4.8/5 (235 download)

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Book Synopsis Team of Teams (Summary) by : Summary Station

Download or read book Team of Teams (Summary) written by Summary Station and published by Createspace Independent Publishing Platform. This book was released on 2015-07-05 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: A brief summary hitting the main ideas of General McChrystal's book on organizational adaptability.

Team of Teams by General Stanley Mcchrystal

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Publisher :
ISBN 13 : 9781944195052
Total Pages : pages
Book Rating : 4.1/5 (95 download)

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Book Synopsis Team of Teams by General Stanley Mcchrystal by : InstaRead Summaries Staff

Download or read book Team of Teams by General Stanley Mcchrystal written by InstaRead Summaries Staff and published by . This book was released on 2015-09-29 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Team of Teams by General Stanley McChrystal | Key Takeaways & Analysis Preview:Team of Teams by General Stanley McChrystal is an examination of the process he began of restructuring the Joint Special Operations Command management style, from a rigid command structure to a cooperative team comprised of smaller specialized teams. While fighting Al-Qaeda in Iraq (AQI), General McChrystal noted how the United States and coalition militaries were efficient war-fighting machines, but they were not adaptable or effective against the seemingly disordered AQI. In 2005, after a particularly destructive terrorist attack at the opening of a sewage plant near Baghdad, McChrystal began considering whether the efficient structure was actually hindering the counterinsurgency, preventing them from responding to threats in real time and delaying the capture of AQI leader Abu Musab al-Zarqawi.Modern military management originated at the 1900 World's Fair, when Frederick Winslow Taylor revealed his work in steel production efficiency. Taylor believed that there is a right way to do any given thing... Inside this Instaread Key Takeaways & Analysis of Team of Teams* Overview of book* Introduction to the Important People in the book* Key Takeaways and Analysis of Key Takeaways

Summary: Team of Teams

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Author :
Publisher : Business Book Summaries
ISBN 13 : 2511041057
Total Pages : 41 pages
Book Rating : 4.5/5 (11 download)

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Book Synopsis Summary: Team of Teams by : BusinessNews Publishing,

Download or read book Summary: Team of Teams written by BusinessNews Publishing, and published by Business Book Summaries. This book was released on 2016-07-20 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The must-read summary of General Stanley McChrystal's book "Team of Teams: New Rules of Engagement for a Complex World". This complete summary of the ideas from General Stanley McChrystal's book "Team of Teams" shows that hierarchies are no longer the most effective way to structure an organisation. Instead, organisations should transform themselves into interconnected and effective networks which are resilient and adaptable. Using the structure of the US army as an example, the author explains exactly how to arrange your organisation to produce the best possible results. Added-value of this summary: • Save time • Understand the key concepts • Improve your social and communication skills To learn more, read "Team of Teams" and discover how re-structuring your organisation can yield better results.

Leaders

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Publisher : Penguin
ISBN 13 : 0525534385
Total Pages : 480 pages
Book Rating : 4.5/5 (255 download)

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Book Synopsis Leaders by : Stanley McChrystal

Download or read book Leaders written by Stanley McChrystal and published by Penguin. This book was released on 2018-10-23 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: An instant national bestseller! Stanley McChrystal, the retired US Army general and bestselling author of Team of Teams, profiles thirteen of history’s great leaders, including Walt Disney, Coco Chanel, and Robert E. Lee, to show that leadership is not what you think it is—and never was. Stan McChrystal served for thirty-four years in the US Army, rising from a second lieutenant in the 82nd Airborne Division to a four-star general, in command of all American and coalition forces in Afghanistan. During those years he worked with countless leaders and pondered an ancient question: “What makes a leader great?” He came to realize that there is no simple answer. McChrystal profiles thirteen famous leaders from a wide range of eras and fields—from corporate CEOs to politicians and revolutionaries. He uses their stories to explore how leadership works in practice and to challenge the myths that complicate our thinking about this critical topic. With Plutarch’s Lives as his model, McChrystal looks at paired sets of leaders who followed unconventional paths to success. For instance. . . · Walt Disney and Coco Chanel built empires in very different ways. Both had public personas that sharply contrasted with how they lived in private. · Maximilien Robespierre helped shape the French Revolution in the eighteenth century; Abu Musab al-Zarqawi led the jihadist insurgency in Iraq in the twenty-first. We can draw surprising lessons from them about motivation and persuasion. · Both Boss Tweed in nineteenth-century New York and Margaret Thatcher in twentieth-century Britain followed unlikely roads to the top of powerful institutions. · Martin Luther and his future namesake Martin Luther King Jr., both local clergymen, emerged from modest backgrounds to lead world-changing movements. Finally, McChrystal explores how his former hero, General Robert E. Lee, could seemingly do everything right in his military career and yet lead the Confederate Army to a devastating defeat in the service of an immoral cause. Leaders will help you take stock of your own leadership, whether you’re part of a small team or responsible for an entire nation.

Team of Teams in 15 Minutes: Key Takeaways and Analysis of the New York Times Best Seller!

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Publisher :
ISBN 13 : 9781514899823
Total Pages : 62 pages
Book Rating : 4.8/5 (998 download)

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Book Synopsis Team of Teams in 15 Minutes: Key Takeaways and Analysis of the New York Times Best Seller! by : BigRead Reviewers

Download or read book Team of Teams in 15 Minutes: Key Takeaways and Analysis of the New York Times Best Seller! written by BigRead Reviewers and published by . This book was released on 2015-07-09 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inside this book you will find all the essential key points of the The New York Times 1 Best Seller - "Team of Teams: New Rules of Engagement for a Complex World".PLEASE NOTE: This is an unofficial summary and analysis of the book and NOT the original book.Read the official description of the book:"What if you could combine the agility, adaptability, and cohesion of a small team with the power and resources of a giant organization?THE OLD RULES NO LONGER APPLY . . .When General Stanley McChrystal took command of the Joint Special Operations Task Force in 2004, he quickly realized that conventional military tactics were failing. Al Qaeda in Iraq was a decentralized network that could move quickly, strike ruthlessly, then seemingly vanish into the local population. The allied forces had a huge advantage in numbers, equipment, and training-but none of that seemed to matter.TEACHING A LEVIATHAN TO IMPROVISE It's no secret that in any field, small teams have many ad¬vantages-they can respond quickly, communicate freely, and make decisions without layers of bureaucracy. But organizations taking onreally big challenges can't fit in a garage. They need management practices that can scale to thousands of people. General McChrystal led a hierarchical, highly disci¬plined machine of thousands of men and women. But to defeat Al Qaeda in Iraq, his Task Force would have to acquire the enemy's speed and flexibility. Was there a way to combine the power of the world's mightiest military with the agility of the world's most fearsome terrorist network? If so, could the same principles apply in civilian organizations?A NEW APPROACH FOR A NEW WORLDMcChrystal and his colleagues discarded a century of conventional wisdom and remade the Task Force, in the midst of a grueling war, into something new: a network that combined extremely transparent communication with decentralized decision-making authority. The walls between silos were torn down. Leaders looked at the best practices of the smallest units and found ways to ex¬tend them to thousands of people on three continents, using technology to establish a oneness that would have been impossible even a decade earlier. The Task Force became a "team of teams"-faster, flatter, more flex-ible-and beat back Al Qaeda.BEYOND THE BATTLEFIELDIn this powerful book, McChrystal and his colleagues show how the challenges they faced in Iraq can be rel¬evant to countless businesses, nonprofits, and other or¬ganizations. The world is changing faster than ever, and the smartest response for those in charge is to give small groups the freedom to experiment while driving every¬one to share what they learn across the entire organiza¬tion. As the authors argue through compelling examples, the team of teams strategy has worked everywhere from hospital emergency rooms to NASA. It has the potential to transform organizations large and small."Scroll Up And Grab Your Copy Today!

Risk

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Publisher : Penguin
ISBN 13 : 0593192206
Total Pages : 369 pages
Book Rating : 4.5/5 (931 download)

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Book Synopsis Risk by : General Stanley McChrystal

Download or read book Risk written by General Stanley McChrystal and published by Penguin. This book was released on 2021-10-05 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the bestselling author of Team of Teams and My Share of the Task, an entirely new way to understand risk and master the unknown. Retired four-star general Stan McChrystal has lived a life associated with the deadly risks of combat. From his first day at West Point, to his years in Afghanistan, to his efforts helping business leaders navigate a global pandemic, McChrystal has seen how individuals and organizations fail to mitigate risk. Why? Because they focus on the probability of something happening instead of the interface by which it can be managed. In this new book, General McChrystal offers a battle-tested system for detecting and responding to risk. Instead of defining risk as a force to predict, McChrystal and coauthor Anna Butrico show that there are in fact ten dimensions of control we can adjust at any given time. By closely monitoring these controls, we can maintain a healthy Risk Immune System that allows us to effectively anticipate, identify, analyze, and act upon the ever-present possibility that things will not go as planned. Drawing on examples ranging from military history to the business world, and offering practical exercises to improve preparedness, McChrystal illustrates how these ten factors are always in effect, and how by considering them, individuals and organizations can exert mastery over every conceivable sort of risk that they might face. We may not be able to see the future, but with McChrystal’s hard-won guidance, we can improve our resistance and build a strong defense against what we know—and what we don't.

Team of Teams

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Publisher : Penguin
ISBN 13 : 1591847486
Total Pages : 306 pages
Book Rating : 4.5/5 (918 download)

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Book Synopsis Team of Teams by : General Stanley McChrystal

Download or read book Team of Teams written by General Stanley McChrystal and published by Penguin. This book was released on 2015-05-12 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the New York Times bestselling author of My Share of the Task and Leaders, a manual for leaders looking to make their teams more adaptable, agile, and unified in the midst of change. When General Stanley McChrystal took command of the Joint Special Operations Task Force in 2004, he quickly realized that conventional military tactics were failing. Al Qaeda in Iraq was a decentralized network that could move quickly, strike ruthlessly, then seemingly vanish into the local population. The allied forces had a huge advantage in numbers, equipment, and training—but none of that seemed to matter. To defeat Al Qaeda, they would have to combine the power of the world’s mightiest military with the agility of the world’s most fearsome terrorist network. They would have to become a "team of teams"—faster, flatter, and more flexible than ever. In Team of Teams, McChrystal and his colleagues show how the challenges they faced in Iraq can be rel­evant to countless businesses, nonprofits, and or­ganizations today. In periods of unprecedented crisis, leaders need practical management practices that can scale to thousands of people—and fast. By giving small groups the freedom to experiment and share what they learn across the entire organiza­tion, teams can respond more quickly, communicate more freely, and make better and faster decisions. Drawing on compelling examples—from NASA to hospital emergency rooms—Team of Teams makes the case for merging the power of a large corporation with the agility of a small team to transform any organization.

Raising Leaders

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Publisher : Major Street Publishing
ISBN 13 : 0648753077
Total Pages : 116 pages
Book Rating : 4.6/5 (487 download)

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Book Synopsis Raising Leaders by : Wendy Born

Download or read book Raising Leaders written by Wendy Born and published by Major Street Publishing. This book was released on 2022-01-01 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Like parenting, leadership is difficult, challenging and rewarding - sometimes all in the first hour of the day! This enlightening new book explores the common principles of parenting and leading that will help you become a better leader and create great leaders in your team.You don't need to be a parent to be able to see the comparisons between raising children and creating next generation leaders (or indeed becoming a better leader yourself). We have all been raised by someone - if not a parent, another relative or carer - who traditionally shows the actions and considerations parents are known for. When you focus on observing the behaviour of leaders you admire, you will see similarities between them and your own experiences as a child or parent. Like parenting, leadership is difficult, challenging and rewarding - sometimes all in the first hour of the day. Whether parenting or leading you need to focus on five core areas to get the best out of your people:1.Love2.Environment3.Health and wellbeing4.Language5.Vision.Each of these core areas is discussed in detail through the book. Author, Wendy Born, uses a unique framework drawn from the principles of parenting that will help you to build and lead great teams. All you need is:Foresight to have a vision, strategy and purpose to guide your way into the future and manage your talent to fit.Plain sight to lead by example, establish boundaries and expectations creating a culture of accountability. Insight into the importance of a positive attitude and mindset, good work/life balance and establishing trust and connection as the foundation of your team. Packed with fascinating case studies and practical advice.

Team of Teams

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Publisher : CreateSpace
ISBN 13 : 9781517522476
Total Pages : 30 pages
Book Rating : 4.5/5 (224 download)

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Book Synopsis Team of Teams by : Quick Read

Download or read book Team of Teams written by Quick Read and published by CreateSpace. This book was released on 2015-09-26 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Big, lumbering organizations often dream of possessing the qualities inherent to small outfits. So what will happen if you can combine the cohesion, agility, and adaptability of a small team with the capabilities of a big organization? It is an enticing possibility that will revolutionize many fields of human endeavor. This book provides an extraordinary example and exposition of such an accomplishment. It details with compelling examples why resilience and adaptability, not efficiency, are today's key success factors in overcoming challenges in various human concerns. Using as prime example his experiences in battling Al-Qaeda in Iraq (AQI), General McChrystal, with the help of his co-authors, has constructed a new, powerful, and convincing model of organizational effectiveness. Initially, the McChrystal-led US military, the mightiest war machine in the planet were unsuccessful in containing a ragtag Al-Qaeda terrorist network. The American armed force was by all measures superior in every aspect including training. AQI, on the other hand, was vastly outgunned and outmanned, but they were very adaptable. The dreadful result: America was being beaten and humiliated. Its time-tested battle tactics were being blown to smithereens. The Task Force headed by McChrystal was able to turn the tables on AQI through a most surprising strategy that evolved as they constantly improvised. They eventually adopted the most effective tactics of small teams and discarded their century-old principles of warfare. The huge lumbering US military with the most modern weapons in the world became the team of teams that relied on small group resiliency and cohesion to defeat the enemy. The unique challenges of today emanate from the increasing complexity that is transforming the environment wherein we operate. This book gives us reasons for optimism through its team of teams strategy. The scheme is proving highly effective in dealing with manifold situations be it in the military, NASA, or hospitals. It offers a very effective way of dealing with complex, problematic situations that defy solutions in whatever field we are in. DISCLAIMER: This is an unofficial summary & analysis of the book Team of Teams and NOT the original book.

The Wise Company

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Publisher : Oxford University Press, USA
ISBN 13 : 0190497009
Total Pages : 305 pages
Book Rating : 4.1/5 (94 download)

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Book Synopsis The Wise Company by : Ikujirō Nonaka

Download or read book The Wise Company written by Ikujirō Nonaka and published by Oxford University Press, USA. This book was released on 2019 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: From knowledge to wisdom -- The foundations of knowledge practice -- Towards a model of knowledge creation and practice -- Judging goodness -- Grasping the essence -- Creating Ba -- Communicating the essence -- Exercising "political" power -- Fostering practical wisdom in others -- Epilogue

My Share of the Task

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Publisher : Penguin
ISBN 13 : 159184682X
Total Pages : 482 pages
Book Rating : 4.5/5 (918 download)

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Book Synopsis My Share of the Task by : General Stanley McChrystal

Download or read book My Share of the Task written by General Stanley McChrystal and published by Penguin. This book was released on 2014-01-28 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: "General McChrystal is a legendary warrior with a fine eye for enduring lessons about leadership, courage, and consequence." —Tom Brokaw General Stanley McChrystal is widely admired for his hunger to know the truth, his courage to find it, and his humility to listen to those around him. Even as the commanding officer of all U.S. and coalition forces in Afghanistan, he stationed himself forward and frequently went on patrols with his troops to experience their challenges firsthand. In this illuminating New York Times bestseller, McChrystal frankly explores the major episodes and controversies of his career. He describes the many outstanding leaders he served with and the handful of bad leaders he learned not to emulate. And he paints a vivid portrait of how the military establishment turned itself, in one generation, into the adaptive, resilient force that would soon be tested in Iraq, Afghanistan, and the wider War on Terror. "A compelling account of his impressive career." -The Wall Street Journal ' "This is a brilliant book about leadership wrapped inside a fascinating personal narrative." -Walter Isaacson, author of Steve Jobs Stanley McChrystal retired in July 2010 as a four-star general in the U.S. Army. His last assignment was as the commander of the International Security Assistance Force and as the commander of U.S. forces in Afghanistan. He is currently a senior fellow at Yale University's Jackson Institute for Global Affairs and cofounder of the McChrystal Group, a leadership consulting firm. He and his wife, Annie, live in Virginia.

Good Profit

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Publisher : Crown Currency
ISBN 13 : 1101904143
Total Pages : 290 pages
Book Rating : 4.1/5 (19 download)

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Book Synopsis Good Profit by : Charles G. Koch

Download or read book Good Profit written by Charles G. Koch and published by Crown Currency. This book was released on 2015-10-13 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • Learn how to apply the principles of Charles Koch’s revolutionary Market-Based Management® system to generate good profit in your organization, company, and life “This book helps show you the way to good profit—whether you work for an international supermarket chain, a medium-sized regional business, or your own start-up.”—John Mackey, co-founder and co-CEO, Whole Foods Market The technological innovations, extreme politics, civil unrest, cyber attacks, demographic shifts, and global pandemic that have affected all businesses since this book was published have only confirmed Charles Koch’s belief that “the only reason a business should exist (and the only way it can legitimately survive long term) is to create value in a responsible way.” Hence, the principles in Good Profit are more important today than ever before. What exactly does Koch Industries, Inc., do and why is it so remarkably profitable? Koch’s name may not be on your home’s plywood, vehicle’s grille, smartphone’s connectors, or baby’s ultra-absorbent diapers but it makes them all. And Koch’s Market-Based Management® (MBM) system is what drives these innovations and many more. The core objective of MBM is to generate good profit. Good profit results from products and services that customers vote for freely with their dollars. It results from a bottom-up culture where employees are empowered to act entrepreneurially to discover customers’ preferences and the best ways to improve their lives. Drawing on six decades of interdisciplinary studies, experimental discovery, and practical implementation across Koch businesses worldwide, Charles Koch walks the reader through the five dimensions of MBM to show how to apply its framework in any business, industry, or organization of any size. Readers will learn how to: • Craft a vision for how to thrive in spite of increasingly rapid disruption and ever-changing consumer values • Select and retain a workforce possessing both virtue and talent • Create an environment of knowledge sharing that prizes respectful challenges from everyone at every level • Award employees with ownership and decision rights based on their comparative advantages and proven contributions, not job title • Motivate all employees to maximize their contributions by structuring incentives so compensation is limited only by the value they create A must-read for any leader, entrepreneur, or student, as well as anyone who wants a more civil, fair, and prosperous society, Good Profit is one of the greatest management books of all time.