Business Insight: Case Studies of Failures in Well-Known International Companies

Author: Zhang Jianxiong
Publisher:
Publish Date: 2005-05-01
Features: This book is a collection of the author's writings that were originally published in Hong Kong's "Sing Tao Daily" and "Sing Tao Monthly," discussing the failure cases of internationally renowned American and European companies during his work in North America and Europe. The author hopes these cases can serve as lessons for the Chinese business community. A special feature is that the author has supplemented the later developments of some individuals involved in these cases during the compilation, aiming to provoke further reflection from readers. Now compiled into a book, it is hoped to become a reference for the Chinese business community. During the proofreading process, revisiting the business giants featured in this book—ranging from the department store king, junk bond king, construction industry superstar, and investment master of the 1980s to the dairy industry king, entertainment mogul, securities veteran, and supermarket king of the 21st century—reveals their rapid rise and equally swift downfall. These business titans, each possessing exceptional skills and immense courage, all suffered from advanced managerial syndrome, with their employees often afflicted by bureaucraticism. Clad in various financial tools such as LBO, junk bonds, limited partnership units, and derivatives, they wielded them with abandon.