Summary of Profitable Growth Is Everyone's Business

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Rating

9 Overall

9 Applicability

6 Innovation

8 Style


Recommendation

This excellent, short work is a classic in its genre. Author Ram Charan outlines in no-nonsense, albeit sometimes prolix, style the essentials that all managers need to know to make their businesses and their revenues grow. Charan offers 10 basic principles, explains each one clearly, and provides anecdotal examples. The author readily admits that the principles are mostly common sense, and even perhaps widely understood (in part, from his other popular works). However, he says that the problem for most businesses is not having the right ideas, but rather turning the ideas into action. getAbstract recommends this mainstay for any business manager's bookshelf. It will help you face the challenge of growth.

In this summary, you will learn

  • How to make your company grow and earn more money; and
  • What 10 principles you should follow to attain profitable growth.
 

About the Author

Ram Charan is co-author of Execution: The Discipline of Getting Things Done. For 35 years, he has been advisor to executives in a wide range of companies. He has taught at the Harvard Business School and at the Kellogg School of Management at Northwestern University.

 

Summary

The Big Challenge

Why is achieving revenue growth so hard? Three things have gone wrong. Companies have taken attention away from growth to cut costs and pursue “restructuring.” Leaders have become so intent on finding that one dramatic win that they miss all the small steady things they could do to grow. And, managers have severed productivity from earning more money, when in fact they are indivisible. To grow, your company needs the right “tools” and “building blocks.” Like these:


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