Management Three Greats: The Essence of Thoughts from Drucker, Welch, and Buffett

Author: Fan Yu
Publisher:
Publish Date: 2004-01-01
Features: Peter Drucker is the "immortal master of modern management thought." —Business Week "Jack Welch's unparalleled management skills and passion for cultivating leaders are his only secrets to success." —Fortune Magazine Warren Buffett summarized his stock investment experience into three points: view stocks as many small business units; see the market as a friend rather than an enemy (sometimes profits come from blind loyalty to friends); the price of buying stocks should be lower than the price you can afford. In the small book before you, you will get a glimpse of the thoughts of three Western economic leaders: Peter F. Drucker, a university professor of management; Jack Welch, former CEO of General Electric; and Warren Buffett, the "prophet of Wall Street," an investor. They are respectively in the field of management theory, the real world, and the investment world. Harvard Business Review once commented: "In this dazzling business world, countless business elites have climbed to managerial positions by understanding Drucker's works. Most of them yearn to become super CEOs like Welch, while at the same time, they tremble with fear of gaining Buffett's favor in the stock market." This book focuses on Drucker's basic concepts and principles, as this is the beginning of truly understanding management. Although it may be somewhat dry and profound, if you skip it, the foundation of your management palace in your heart will be unstable. This is like watching Jordan play basketball. You see him shoot, you learn to shoot like him, and you understand him, but you shoot off-target. You ask Jordan why, and Jordan says, "Because you don't understand basketball!" This book focuses on Welch's journey of corporate transformation. The greatest challenge in corporate transformation lies in how to overcome resistance to change. In this regard, Welch's collaborative program and boundaryless thinking are worth reflecting on and learning from. This book focuses on Buffett's evaluation criteria for corporate value, highlighting what kind of management is most likely to be profitable from the perspective of a stock investor. At the same time, his advice on investment principles and personal qualities of investors is equally applicable to growing into an efficient manager. This book showcases the thoughts of three Western economic leaders. The introduction to Drucker focuses on basic concepts and principles; the introduction to Welch focuses on his corporate transformation journey; and the introduction to Buffett focuses on his evaluation criteria for corporate value.