Pursuit of Excellence: Exploring the Traits of Successful Businesses. The All-New Revised Edition

Author: (USA) Peter Drucker
Publisher:
Publish Date: 2007-01-01
Features: Since its publication in the United States in 1982, this book has been a bestseller worldwide. In 2004, the two authors revised and expanded its content for a new edition. The authors conducted systematic research on 43 successful American companies, including IBM, HP, Johnson & Johnson, Disney, Walmart, McDonald's, Marriott, Huawei, 3M, and others, summarizing eight key traits of excellent enterprises:
1. Taking action.
2. Being close to customers.
3. Autonomy and entrepreneurial spirit.
4. People-oriented.
5. Leading by example and value-driven.
6. Sticking to the core business.
7. Simplicity in organization and lean staffing.
8. Balancing discipline and flexibility.
Although some of the companies mentioned in the book have declined in recent years due to straying from their course, their long-standing records of success remain worth emulating. As the authors note, these eight traits are as applicable today as they were when the book was first written.