The World's Best Book Summaries
How does the medical device industry work in the United States? Who are its main players? How much market share do they have? The United States medical device industry is dominated by a few major players: Medtronic, St. Jude Medical, Boston Scientific, Stryker, and Zimmer Biomet. Like other segments of healthcare, they have consolidated over time. Here is a brief overview of the United States medical device industry.
Looking for First, Break All the Rules quotes by Marcus Buckingham? What are some of the most noteworthy passages worth revisiting? In First, Break All the Rules, Marcus Buckingham lays out the Four-Key management roadmap that will help you hire the right people, create a productive working environment, and guide employees to success. The following quotes and passages highlight some of his key recommendations and management best practices discussed in the book. Keep reading for First, Break All the Rules quotes by Marcus Buckingham.
What is strength-based management? How can you maximize the strength of your employees to boost the performance of your organization? Strength-based management is a management style that is focused on the strengths of the employees. According to management consultant Peter Drucker, maximizing strengths —your own strengths and the strengths of those around you—is more effective than trying to fix weaknesses. Here is why to increase the effectiveness of your organization, it’s important to build the strengths of those around you, as well as your own.
How did Amazon survive the 2007 recession? What did Amazon do to acquire Zappos and Diapers.com? Why did the Kindle cause so many problems? Thanks to Amazon’s competitive advantage in the market, they managed to thrive during the 2007 recession. The additional money allowed them to control the online market, which gave many other companies no choice but to be acquired. However, Amazon’s success didn’t come without issue. Keep reading to learn how Amazon slowly overtook the online market thanks to its competitive advantage.
What unique contribution do you offer to your organization? How does your contribution improve the performance of the business? Your job as an executive is to determine your contribution to the organization’s performance and results and to maximize it. According to management consultant Peter Drucker, contribution should be focused outward—that is, on what you can offer, as opposed to what you can get. In his book The Effective Executive, Drucker outlines several ways in which you can focus your contribution outwardly.
How do you find an ideal employee to fit the position that you need filled? What traits and talents would your ideal employee have? It’s not easy to find the ideal fit for a job, especially during the hiring process. While you can’t change the way people present themselves, you can clearly define the talents that describe the ideal worker for the position you’re trying to fill. Think about the following tips as you’re creating your ideal employee profile.
In what ways did Amazon grow in the mid-2000s? What big changes came about during these years? The mid-2000s brought about many changes for Amazon. During this time, Amazon entered a war with Zappos, launched Mechanical Turk, relaunched its web services and “fulfillment by Amazon.” It was well on its way to becoming the giant it is today. Below is Amazon’s timeline of events from 2005-2007.
How should executives make decisions? What are some things you can do to streamline your decision-making process? Executives’ decisions significantly affect the entire organization and its performance. Therefore, effectiveness in this area is a must. Management consultant Peter Drucker advocates a five-step approach to executive decision-making. In this article, we’ll first introduce Drucker’s decision-making steps and compare them to other executive decision-making approaches.
Is Marcus Buckingham’s First Break All the Rules book worth reading? What are its key takeaways? In his book First, Break All The Rules, Marcus Buckingham simply and clearly lays out proven management best practices. Then, he teaches how to hire the right people, create a productive working environment, and guide employees to success. Here is a brief overview of First, Break All the Rules: What the World’s Greatest Managers Do Differently by Marcus Buckingham.
Is it possible to build an antifragile business? Why are the stock market and big corporations so naturally fragile? Building an antifragile business is possible, but our economy is currently built on an extremely fragile system—the stock market. Big corporations have no stakes to find better systems when they can just get bailed out by taxpayers. Read more about what it would take to build an antifragile business.