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. This book's clear explanations of essential concepts will help you more deeply understand the vocabulary and ideas at the heart of business.
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
6 years agoCoMon sense that most people miss about what a business does and keeps it going. It is not a paycheck generator or a place to take up your time until 5pm so you can go home.
8 years agoDoesnt add much value.. Need more paragraphs
9 years agoMy 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.