Summary of What Management Is
First Edition: 2002
Copyright © 2002 by Nan Stone and Joan Magretta
Reprinted by permission of Free Press, a division of Simon & Schuster, Inc., N.Y.
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Those who say, “Good grief, not another book on management,” may rest assured that this volume is worth careful study. Author Joan Magretta and collaborator Nan Stone offer advice based on decades of business experience and, yet, they distill the obnoxious “consultant-speak” so common to the field to clearly understandable, conversational terms. While at times they may seem to have a firm grasp on the obvious – investments are risky and managers need to make good choices – their work is fundamentally sound, offering practical case studies and real-world examples. This book takes common business concepts such as the “80-20 Rule,” shines an insightful light on them and then advances into more complex ground. getAbstract recommends this broad perspective on the growing social importance of effective management.
In this summary, you will learn
- Why value creation is the core mission of management;
- Why integrity is the most important quality in employees; and
- How to inspire your workforce with a common sense of shared values.
About the Authors
Joan Magretta is a senior associate at the Institute for Strategy and Competitiveness at Harvard Business School. She was a Bain partner and strategy editor of Harvard Business Review. Nan Stone spent 15 years as editor and five years as editor-in-chief of the Harvard Business Review. She is currently a partner at the Bridgespan Group.
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