When real money is at stake, it tends to clarify the mind, and for
over a decade, Anne-Marie Fink has had literally billions of
dollars resting on her assessments of companies. As an equity
analyst and professional investor, she has been charged with
understanding whether businesses are solid, long-term
moneymakers-or rotten tomatoes-before investing with them.
She has had unusual access to an incredible variety of businesses,
from entertainment conglomerates to newspapers, Internet companies,
airlines, railroads, furniture manufacturers, auto suppliers,
staffing agencies, and others. Well known for her ability to drill
down to the details and understand what makes a business tick, she
has skillfully dissected the story of many a CEO and talked with
people up and down the ranks, as well as customers, suppliers,
regulators, distributors, bankers, and rivals-anyone who could give
her insight on a company's operations.
The result is a book of great originality-an unusual and perceptive
look at business that busts myths and conventional thinking. Based
on what she and her investing colleagues have seen firsthand,
Anne-Marie Fink's "The Moneymakers" provides a highly pragmatic
framework for thriving in our hypercompetitive world. They include:
- Shrink to grow: Why expanding a bad (low-return) business means
you just have more of a problem, and how a step backward is often
the best way forward.
- Good performance requires inefficiency and duplication: How
maximum efficiencyproduces suboptimal results by stifling
- Don't be a customer fanatic: How to know when to listen to and
when to ignore your customers.
- Economics always trumps management: Ignore bedrock economic
laws-such as supply and demand-at your peril; it is akin to
ordering the tides to stay in place.
- Why happy employees don't make for high-performance
- Problems in business are like cockroaches-there's never just one:
How to catch problems before they infest your company.
- Avoid the trap of profitless growth: Additional profitis an
illusion if it consumes too much capital.
- Megatrends start as ripples: How to position your business to
ride long-term waves, not be drowned by them.
"From the Hardcover edition."
|Country of origin:
||Electronic book text - Windows
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