What is the book In Search of Excellence about?
Based on a study of forty-three of America’s best-run companies from a diverse array of business sectors, In Search of Excellence describes eight basic principles of management — action-stimulating, people-oriented, profit-maximizing practices — that made these organizations successful.
What is Tom Peters management theory?
His 7-S model is based on strategy, systems, style, staff, skills, structure, and shared values. His idea of productivity through people encourages the company to focus on rewarding employees and encouraging them to help increase productivity.
What is the Peters and Waterman theory?
Use as a strategy to raise your organisation’s performance by listening to your customers and frontline staff. Tom Peters and Robert Waterman wrote the mega hit In Search of Excellence. Their aim was to identify the key features of excellent organisations.
What are the characteristics of excellent companies according to Peters and Waterman?
Peters and Waterman maintain that the main attributes of excellent Companies are flat anti-hierarchical structures; innovation and entrepreneurship; small numbers of corporate and middle management; staff reward systems based on contribution rather than positive or length of service; brain power rather than muscle …
Who wrote the book In Search of Excellence?
Tom PetersRobert H. Waterman Jr.
In Search of Excellence/Authors
Which strategy is the stick to the knitting strategy?
Stick to the knitting, also known as single business strategy, has been defined as businesses in which 95% or more of sales come from one business. The advantages of a single business strategy include: A single business offers less risk than trying to expand into new businesses.
What is Tom Peters famous for?
Tom Peters (born 1942) was the co-author of what was for over 20 years the best-selling business book of all time. “In Search of Excellence”, written with his fellow McKinsey consultant Robert Waterman, was first published in the United States in 1982 and has sold millions of copies.
Where is Tom Peters now?
South Dartmouth, MA
Peters currently lives in South Dartmouth, MA with his wife Susan Sargent, and continues to write and speak about personal and business empowerment and problem-solving methodologies.
What are the principles of management excellence?
Management Excellence
- Ethical. Strives for high-integrity treatment of others.
- Efficacy – The ability to execute strategy. Has a passion for results.
- Observable self-improvement. Receives criticism in a constructive manner.
- Linear thinker.
- Commitment to our cause.
- Initiative.
- Acts with urgency.
- Good communicator.
What are the characteristics of excellence?
The Three Traits of Excellence
- Trait Number One: Proactive Awareness.
- Trait Number Two: Always Growing.
- Trait Number Three: Planning Never Stops.
- Excellent.
- Well-Managed.
- Average.
- At-Risk.
- Learn more about building a great team and growing your business with the book, The Road to Excellence.
What did Peters and Waterman 1982 mean when they implored businesses to stick to the knitting?
Peter and Waterman meant that for success of any organization, they should stick on what they have instead of thriving opportunities outside the business circle.
What are the four types of strategy?
4 levels of strategy are;
- Corporate level strategy.
- Business level strategy.
- Functional level strategy.
- Operational level strategy.
What are the 3 diversification strategies?
There are three types of diversification techniques:
- Concentric diversification. Concentric diversification involves adding similar products or services to the existing business.
- Horizontal diversification.
- Conglomerate diversification.
How does Tom Peters describe leadership?
Leadership is about the development, the inducement of people to grow way beyond where they believed they could go. Nothing has changed.” Leadership hasn’t changed. Leadership is influence.
What cars has Tom Peters designed?
Peters worked for over 35 years at General Motors, contributing to many great projects including the Chevrolet Corvette, Chevy Camaro, Cadillac XLR, the Corvette Indy show car, the 2014 Chevrolet Silverado, and many others. Upon his retirement, he left behind a great legacy and portfolio of automotive designs.
How many books has Tom Peters written?
In Search of Excellence1982Excellence Now: Extreme H…2021Thriving on Chaos: Handbook…1987The Little Big Things: 163 Ways t…2010A passion for excellence1985Re‑imagine!2003
Tom Peters/Books
What are the 4 aspects considered for excellence?
4 Aspects of Excellence That You Can Achieve!
- Quality Means Consistency. Aristotle said that, “Excellence is not an act, it’s a habit.” To gain a reputation for quality means delivering great results every time.
- Excellence Means Improvement.
- Greatness Means Creativity.
- Excellence Means Going the Extra Mile.
What are the 3 components of operational excellence?
3 crucial components that drive operational excellence
- Creating a holistic environment.
- A collaborative workforce.
- Committed leadership.
What are the five pillars of excellence?
The five pillars are:
- 1 Process management.
- 2 Project management.
- 3 Change management.
- 4 Knowledge management.
- 5 Resource management.
What are the 3 Behaviours of excellence?
Who said stick to the knitting?
The phrase ‘stick to the knitting’ was popularized by Tom Peters in his book In Search of Excellence. It means staying with the business you know so you can concentrate on that company and build it up to be the best it can be.
What is simple form lean staff?
Simple Form, Lean Staff. “Simple form” was a plea to excise those formal “matrix” structures whose complexity sapped vitality, and put in place a truly decentralized (i.e., autonomous) divisional structure.
What are the five P’s of strategy?
Each of the 5 Ps is a different approach to strategy. They are Plan, Ploy, Pattern, Position, and Perspective.
What are the 3 basic strategies?
Key Points
According to Porter’s Generic Strategies model, there are three basic strategic options available to organizations for gaining competitive advantage. These are: Cost Leadership, Differentiation and Focus.
What are the 4 methods of diversification?
Diversification Strategies
- Concentric diversification. Concentric diversification involves adding similar products or services to the existing business.
- Horizontal diversification.
- Conglomerate diversification.
- General Electric.
- Walt Disney.