Excellence

A Book Report on the book In Search of Excellence by Thomas J. Peters and Robert H. Waterman, Jr.

A Book Report on the book In Search of Excellence by Thomas J. Peters and Robert H. Waterman, Jr.

Introduction

In 1982, Tom Peters and Robert Waterman released a wonderful collection of management best practices entitled, In Search of Excellence. Written at a time when the U.S. economy was in the midst of a terrible malaise and Japan was touted as an unstoppable, economic powerhouse, Peters and Waterman gleaned eight key, basic principles of management excellence from outstanding American companies.

If any commerce can place these 8 basic principles into perform, Peters and Waterman say that business can not assist but succeed. Now the achievement may not be as big as Microsoft, but success will happen at one level or the additional. If you do not concur then that is fine, Peters and Waterman provide numerous examples of little business that turned into huge business on the basis of these 8 principles (e.g. Walmart, Hewlett-Packard, Delta Airlines, McDonald's, IBM, etc.). In fact, when you understand writing the book (which is actually structured around recitation and representative these 8 principles) you will observe why and how these principles actually exertion

One of the most attractive things I establish in this book was the information that the 8 principles are basically common sense ingredients. For be short of of improved way to explain them, 'boy scout' type principles that can be included into business action on an every day base.

Discussion

The platform for Peters and Waterman on to which the In Search Of Excellence research and theorizing was built, was the McKinsey 7-S model:1) Structure2) Strategy3) Systems4) Style of management5) Skills - corporate strengths6) Staff7) Shared values

Peters and Waterman examined 43 of Fortune 500's top performing companies. They started ...