This well-considered argument by Wall Street analysts Scott M. Davis, Rob Wertheimer and Carter Copeland favors traditional business practices: hard work, humility, great systems, constant improvements and an amply rewarded workforce. The authors provide a compelling case for the fundamentals by citing companies they know well. Their lessons – from avoiding arrogance and complacency to seeking the highest returns on invested capital – prove worthwhile no matter where you work, whether you run a software shop or build aircraft.
About the Authors
Veteran Wall Street analysts Scott Davis, Carter Copeland and Rob Wertheimer run Melius Research, a research, analytics and investment firm with headquarters in New York and Boston.
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9 months ago
Cautionary Tales from Companies That Squandered Their Market Lead
The future waits for no one. The Eastman Kodak company developed a digital camera in 1975, just at the birth of the personal computing explosion. Top executives decided to quash it, as they felt it would cannibalize its primary analog film processing business. As Paul B. Carroll and Chunka Mui write in Billion Dollar Lessons, […]