Summary of What The CEO Wants You to Know

Using Your Business Acumen to Understand How Your Company Really Works

Crown,
First Edition: 2001 more...

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What The CEO Wants You to Know book summary
What makes a business tick? It's not as complicated as you think. The trick is to master the basic concepts.

Rating

8 Overall

8 Applicability

7 Innovation

9 Style

Recommendation

An expert can deconstruct a business down to its basic driving forces to diagnose how it is working. Now, you can do the same - with this concise guide from author Ram Charan, who refers to the ability to work with operational essentials as "business acumen." He bases his initial ideas on his family's shoe business in India. This family-owned business fought hard for every sale, and each night the relatives discussed what had happened during the day, which goods customers bought and what the store's competitors were doing. When he left home to study and, eventually, to become an author and consultant to global companies, Charan remembered those hardscrabble lessons. Here, he distills the core similarities between street vendors and global corporations in what amounts to a narrated business dictionary. getAbstract believes this book will help you more deeply understand the vocabulary and ideas at the heart of business, and recommends its clear explanations of essential business concepts.

In this summary, you will learn

  • What it takes to have "business acumen;"
  • What basic factors drive any business
  • How CEOs and companies demonstrate "business acumen" through their use of management fundamentals
 

Summary

A Comprehensive Understanding of the Fundamentals
When top CEOs distill their businesses down to the clear fundamentals, and then find a way to convey those core ideas to their managers and employees, everyone benefits. People get a better idea of what their jobs are all about and why ...
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About the Author

Ram Charan is an adviser to senior executives in companies of all sizes. He is the author of Boards That Work and the co-author of Every Business is a Growth Business and E-Board Strategies. He has written for the Harvard Business Review and other publications, and he taught at Harvard and Northwestern.


Comment on this summary

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    Divyaa Raman 8 months ago
    Doesnt add much value.. Need more paragraphs
  • Avatar
    Philip Arseneault 2 years ago
    My first time using getAbstract and am suprised just to see an overview of this book and not access to the full material. I assuming there's a good reason for this but the information that is provided is relativly vague and only supports a general perspective of I believe to be the books true meaning.
  • Avatar
    Frank Collins 4 years ago
    Not much in this one. I found it overly general and feel that it did not add much specific info of value.
    • Avatar
      Afsar Khan 10 months ago
      great to now about business its really help.

More on this topic

By the same author

Contained in Knowledge Pack:

  • Knowledge Pack
    Ram Charan
    Business guru Ram Charan credits his parents’ small shoe shop with refining his business education – let him refine yours.

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