Gerstner came to IBM from RJR Nabisco but he did spend most of his previous career ar Amex and was shocked how bureaucratic the company was.
Biography, Rick Goings
CEO, IDEO. By the time he left 10 years later, this was 80% and profits were back.
He was eventually fired, and Compaq has since disappeared as a corporation. A must read for any business student.
Enjoy! Why applications for European business schools are on the rise, Kick off: Live Case Studies. tells the story of IBM's competitive and cultural transformation. !”, Higher Education Management: “Unlike disruptive innovations, the OESP model does not seek to displace the traditional model of higher education.
Learn how your comment data is processed. Inside IBM's Historic Turnaround Louis V. Gerstner, Jr., Author Harper Business $26.95 (384p) ISBN 978-0-06-052379-4 CEO, General Electric. Software made more profit in 2002 than Services.
who says elephants can't dance? We are good at research, studies, committees, and debates. Senior Teaching Fellow, Durham University Business School. The most interesting chapters come towards the end of the book where he reflects on company culture and strategy.
This led to unconscionable delay in reaching decisions, duplicate effort….”, “What I discovered was that senior executives often presided. Gerstner turned the sales/administrative logic at IBM on its head. But in this industry, at this time, it’s often better to be fast than insightful. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. When we discovered that we had a $7 billion expense problem!”. CEO, Tupperware Brands.
For those who follow business stories like football games, his tale of the rise, fall and rise of IBM might be the ultimate slow-motion replay.
I’ve had a lot of experience turning around troubled companies, and one of the first things I learned was that whatever hard or painful things you have to do, do them quickly and make sure everyone knows what you are doing and why. It is not isolated or aberrant behavior.
Symtext’s core product and service is “Liquid Textbooks” – in use at UCLA, San Diego State University, and by publishers like Oxford University Press Canada. That’s because, as with national cultures, most the really important rules aren’t written down anywhere. I must say I differ on your takeaways of Elon’s Bio.
Global Financing 4.0% (7,3%) Gerstner probably was not the easiest of people to work for and openly advocated “tough, hard-nosed management” to get the company through the crisis. and find out how you can overcome obstacles and put your business back on top! Thanks for the tipp, just ordered it on Amazon…. When Gerstner took over the company, Big Blue was in a mess and most experts were waiting for its failure.
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