MANAGING FOR THE LONG RUN: LESSONS IN COMPETITIVE ADVANTAGE FROM GREAT FAMILY BUSINESS
by MILLER, DANNY;LE BRET0N-MILLER, ISABELLE
List Price: HK$ 285.00
¡@ISBN
9781591394150
¡@Subject
BUSINESS & FINANCE
¡@Publisher
HARVARD BUSINESS SCHOOL PRESS
¡@Publication
2005
¡@Edition
Hardcover
¡@Version
Original
¡@Description
Fidelity, Hallmark, Michelin, and Wal-Mart are renowned industry powerhouses with long leadership track records. Yet these celebrated companies are united by another factor not generally equated with competitive success: They are all family-controlled businesses. While many view the hallmarks of family businesses-stable strategies, clan cultures, and unencumbered family ownership-as weaknesses, Danny Miller and Isabelle Le Breton-Miller argue that it is these very characteristics that create formidable competitive advantages for many such firms. Miller and Le Breton-Miller show how four driving passions of family-run firms-command, continuity, community, and connection-give rise to a set of practices that defy modern management thinking yet ensure a company's long term competitive advantage. Outlining how these practices can enhance strategic efforts from operations to brand leadership to innovation, this book shows what every company must do to manage for the long run.
