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

Name: Billion-Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Years
Author: Paul B Carroll and Chunka Mui

By Paul B Carroll and 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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September 2008 Bestseller

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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

September 26, 2008

Reviewing Reviews: Part II

Book Review 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

Book Review by 800-CEO-READ

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

March 05, 2009

Portfolio's Year in Review

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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

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How to avoid the mistakes that lead to the majority of business failures. Most executives shudder at the word afailurea and try to avoid thinking about it. No wonder there are thousands of books about successful companies but virtually none about the lessons to be learned from those that crash and burn. Paul Carroll and Chunka Mui think thereas enormous value in learning from companies that lost millions (if not billions) in pursuit of strategies that led to spectacular flameouts. Everyone makes mistakes, but why make the same mistakes over and over? The authors studied the most significant failures of the last twenty-five years: 750 bankruptcies, major writeoffs, and discontinued operations. They found that the #1 cause of failure was misguided strategya not sloppy execution, lack of leadership, or bad luck. These strategies fall into eight categories, including: a Trying to fix a core business thatas unfixable a Moving into an aadjacenta market that isnat really Adjacent a Buying more problems than efficiencies through misguided consolidation Billion Dollar Lessons offers adevilas advocatea questions that managers, boards, and investors can adopt.