Congratulations to Jagdish Sheth for providing
invaluable insights into the self-destructive habits of good companies
that so often lead to business failure. Every day brings news of painful
restructurings at companies once thought to be indestructible—in
most cases brought on by the very habits Dr. Sheth analyzes. This book
is a must-read for executives and managers everywhere—and especially
at the fast-rising global corporations in developing nations.
Azim Premji
Chairman, Wipro Ltd.
As an advisor to many large Indian corporations and
industrial groups, as well as a manager of traditional businesses, I seen
up-close many of the bad habits Dr. Sheth so brilliantly analyzes. Yet
Dr. Sheth goes further than merely pointing out these destructive habits;
he clearly articulates strategies for avoiding and/or breaking them. Since
I’m convinced that leadership is all about discerning such problems
early and intervening to make the necessary changes, I find this aspect
of Dr. Sheth’s remarkable book to be especially valuable.
Dr. Bharat K. Singh
Managing Director, Aditya Birla Nuvo Ltd.
Director, Aditya Birla Group
There are many pitfalls on the road to building a global
company from the ground up, and, once it’s built, to keeping it
running smoothly. Every business leader should be indebted to Dr. Sheth
for so clearly pointing out the warning signs that tell us something is
amiss, that destructive behavior is in evidence, and that corrective action
is called for. I would advise executives and managers to ignore this book
at their own peril.
Arthur Blank
Co-founder, The Home Depot
Owner and President, The Atlanta Falcons
Jag hits another home run. He literally provides
a handbook on how not to fail in business.
W. Cliff Oxford
CEO, The Home Shoppe
When the going is good, it is indeed very easy for leaders
to fall into the trap of success and lose sight of reality. Dr. Sheth
has captured this truth beautifully, and his many examples make the book
an interesting read. What is even more important is that the book could
not have been better timed. For enlightened leaders this book can serve
as a good warning signal and provide valuable insights in managing the
future of their business proactively.
Harsh Mariwala
Chairman & Managing Director, Marico Limited
Professor Sheth is ranked amongst today’s top
management thinkers. His latest book describing how good companies self-destroy
is extremely timely and relevant to both Old Economy as well as New Economy
enterprises. Professor Sheth’s observations and analysis are internationally
relevant and serve as a timely wake-up call for managers and leaders.
Ashok Ganguly
Chairman, Firstsource Solutions Ltd.
You can read many books telling you how to make your
company great. But if you succeed, remember that success is a potential
poison. Thanks to Jagdish Sheth, one of the keenest observers of the business
scene, you now can avoid the seven slow poisons that can undo your good
work.
Philip Kotler
S. C. Johnson Distinguished Professor of International Marketing
Marketing Department
Kellogg School of Management
Northwestern University
This masterpiece, written by one
of the most insightful thought leaders and strategists in global competition
of our time, is a 'must read' for all those, who wish to achieve not just
'success' but 'sustainable success'. The two messages that come across
through this scholarly researched book are ' change proactively or perish'
and 'those who can anticipate the change can lead the change’.
R.A. Mashelkar
President, Global Research Alliance
President, Indian National Science Academy
Jagdish Sheth is a skilled pathologist of dysfunctional
patterns of corporate behavior. His prescriptions for anticipating and
treating these familiar conditions ring true, and offer a path to recovery.
George Day
Geoffrey T. Boisi Professor of Marketing
The Wharton School
University of Pennsylvania
Once again, with his sharp insight and inimitable style,
Dr Sheth has dealt with the challenges every company confronts, in a profound
and pragmatic manner. This book forces you to think differently.
Vinita Bali
MD & CEO
Britannia Industries Ltd
India
It is so very often that successful companies develop
delusions of invincibility, and let the weeds of failure grow unchecked.
In his inimitable and easy style, Dr. Sheth weaves new lessons from his
perceptive analysis of the rise and fall of well known companies around
the world. The identification of what Sheth calls “Bad Habits”
and his practical prescriptions for prevention and cure are relevant not
only to corporate leaders but leaders of political parties and countries
as well.
C.N. (Madhu) Madhusudan
President
NIIT Ventures, NIIT Technologies, Inc.
Jag Sheth has a well-earned reputation as one of the
most sage commentators on the world's corporate stage. This book is bound
to enhance that reputation, by providing important, fresh insights into
the destructive, eventually fatal habit patterns of generally well managed
firms, and how to keep these habits from developing in the reader's organization.
Steve Kerr
Senior Advisor
Goldman Sachs
This book will help every manager who thinks they are
doing just fine.
Bad habits can creep up on a company until they sap its effectiveness
and
destroy its profitability. This is the right check list to make sure you
are not crippling your own company.
Former U.S. House Speaker Newt Gingrich
Dr. Jagdish Sheth is a master story teller! Through
his fascinating narration of how good companies failed, we learn "how
not to" run companies. His insight and wisdom flow right through
this must read book which will reshape management thinking in what constitutes
good practices.
Tan Chin Nam
Permanent Secretary,
Ministry of Information, Communications and the Arts
Singapore
Jagdish Sheth has written a tour de force for leaders
who want to successfully shape the future of their organizations by avoiding
the self destructive fate of companies like Digital Equipment, Compaq
and the near death of Sears. The essence of leadership is making good
judgments about people, strategy and crises. Jagdish’s book Self-Destructive
Habits of Good Companies is a well grounded practical guide for creating
the self-constructive organization.
Professor Noel M. Tichy
University of Michigan
Co-author, Judgment: How Winning Leaders Make Great Calls
Dr. Sheth presents an innovative roadmap for sustaining
excellence in this ultra-competitive era. This is no cookie-cutter business
book filled with bromidic "insights". It's the real thing. I
hope my competitors don't read this book.
Jim Lanzone
CEO, Ask.com
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