Philip M. Rosenzweig Quotes

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The answer to the question What really works? is simple: Nothing really works, at least not all the time. That's not the nature of the business world. But that insight, however accurate, isn't of much comfort. Management
Philip M. Rosenzweig Quotes: The answer to the question
In fact, for all the secrets and formulas, for all the self-proclaimed thought leadership, success in business is as elusive as ever.
Philip M. Rosenzweig Quotes: In fact, for all the
The Delusion of Lasting Success promises that building an enduring company is not only achievable but a worthwhile objective. Yet companies that have outperformed the market for long periods of time are not just rare, they are statistical artifacts that are observable only in retrospect. Companies that achieved lasting success may be best understood as having strung together many short-term successes. Pursuing a dream of enduring greatness may divert attention from the pressing need to win immediate battles.

The Delusion of Absolute Performance diverts our attention from the fact that success and failure always take place in a competitive environment. It may be comforting to believe that our success is entirely up to us, but as the example of Kmart demonstrated, a company can improve in absolute terms and still fall further behind in relative terms. Success in business means doing things better than rivals, not just doing things well. Believing that performance is absolute can cause us to take our eye off rivals and to avoid decisions that, while risky, may be essential for survival given the particular context of our industry and its competitive dynamics.

The Delusion of the Wrong End of the Stick lets us confuse causes and effects, actions and outcomes. We may look at a handful of extraordinarily successful companies and imagine that doing what they did can lead to success - when it might in fact lead mainly to higher volatility and a lower over
Philip M. Rosenzweig Quotes: The Delusion of Lasting Success
Business is full of mysteries, but none greater than this: What really works?
Philip M. Rosenzweig Quotes: Business is full of mysteries,
Any good strategy involves risk. If you think your strategy is foolproof, the fool may well be you. Execution, too, is uncertain - what works in one company with one workforce may have different results elsewhere. Chance often plays a greater role than we think, or than successful managers usually like to admit. The link between inputs and outcomes is tenuous. Bad outcomes don't always mean that managers made mistakes; and good outcomes don't always mean they acted brilliantly.
Philip M. Rosenzweig Quotes: Any good strategy involves risk.
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