Summary of The Power of We

Succeeding Through Partnerships

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The Power of We book summary
Take a tip from Jonathan Tisch: Base your business on partnerships with suppliers, employees, customers and colleagues.

Rating

8 Overall

9 Applicability

7 Innovation

9 Style

Recommendation

Hotelier Jonathan Tisch has little but contempt for the slash-and-burn business leaders of the ’90s. Now-disgraced CEOs such as Sunbeam’s Al Dunlap, Tyco’s Dennis Kozlowski and Enron’s Jeff Skilling embraced a new form of libertarianism, running their companies to enrich themselves. Tisch, head of the Loews Hotels chain, touts a different kind of capitalism, in which companies embrace the idea of cooperation and partnership instead of a strategy of winning at all costs. Tisch offers a compelling argument that this kinder and gentler approach is more profitable in the long run. He includes plenty of very interesting examples of partnership at his own company, although these tales can seem a bit self-serving. getAbstract.com recommends this intriguing title to managers who are interested in profits, but not profits at any cost.

In this summary, you will learn

  • How partnerships can help your company
  • How to approach partnerships
  • Whether such a strategy is suitable for you
  • How to make partners of your employees
 

Summary

A Different Approach to Leadership
Think of a titan of industry, and the image you’ll conjure up likely is that of a ruthless negotiator, a fierce competitor, an aggressive decision-maker and a no-nonsense manager. The captain of industry doesn’t let anyone within his own company stop ...
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About the Authors

Jonathan M. Tisch is chairman and chief executive officer of Loews Hotels, the luxury lodging chain. A leader in the tourism industry, Tisch headed the Travel Business Roundtable, the American Hotel and Lodging Association, and NYC & Co., New York City’s official tourism marketing group. Karl Weber is a freelance writer who covers business and current affairs. He is the co-author of How to Grow When Markets Don’t and How Digital Is Your Business?


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