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As you would expect of a book out of the McKinsey stable, this is on an issue of importance to business, is well researched and analysed and very readable and well presented. As you would also expect, it is focused on large corporates, and on strategies for their business success, as measured by exceptional growth and returns to stockholders.
It provides one important perspective on the issue of corporate growth and development, to be compared with other perspectives.
There are obvious comparisons with Collins & Porras: 'Built to Last' both in the concern with continuing exceptional performance over an extended period and in the care taken to explain the research base from which the findings are derived. However, whereas Collins & Porras are concerned primarily with values and culture, Baghai et al are primarily interested in strategies for the selection, development and management of a portfolio of businesses and the implications of those strategies for structuring, staffing and operations.
The fundamental thesis is simple and can be stated in a few propositions:
The companies that have been successful in maintaining high rates of growth with superior profitability are those that have learnt to manage well to three different time horizons at the same time - today's business, the next generation of emerging businesses, and the longer term options out of which the next generation of businesses will arise.
In order to develop longer term options into 'core profit engines', a series of measured steps (concerned with finding ways of profitably building core capabilities and markets) are required, which the authors call 'stairways'. In the nature of things, not all stairways will lead to future core businesses, so a variety of initiatives need to be carried forward together. Management of the 'stairways' should receive significant senior management attention.
The skills and temperaments required to manage current business, to develop new business and to search out viable future options are widely different one from the other. The key to maximising the profitability of today's business is excellence of execution. Emerging businesses require business builders - the typical entrepreneurial temperament, while the identification of future options requires lateral thinkers and visionaries.
In consequence, the style of organisation and internal culture most appropriate to each of these foci are also different. Large corporates tend to find difficulty in encompassing these very different cultures. The authors discuss in some depth the resulting issues of internal culture, recruitment, structuring and transition, and their strategic management.
The strength of the book is that the authors identify a key issue in business success - the development and maintenance of a vigorous portfolio of businesses over the longer term - and work through the implications with clarity and thoroughness.
The cost of that approach is that other equally significant issues are assumed or left in the background. It is necessary to balance the valuable perspective offered with others that are also important. It is also necessary to be aware of the underpinning tacit assumptions - for example, the underlying metaphor of organisation adopted by the authors appears to me to be much nearer that of the organisation as a (money) machine, than that of the organisation as an organism. There is a marked contrast with the emphasis in, for example de Geus: 'The Living Company'. This is not to say that either is wrong, only that neither is complete.
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After Webster's untimely death in 1961 at the age of 39, his widow continued to believe in the manuscript and approached publishers without success. After the late Stephen Ambrose came upon the manuscript while researching Band of Brothers, he recommended it to Louisiana State University Press. Parachute Infantry: An American Paratrooper's Memoir of D-Day and the Fall of the Third Reich, with an introduction by Stephen E. Ambrose, was published by LSU Press in 1994, just in time for the 50th anniversary of D-Day. The book received excellent reviews.
Last year, Webster's widow, the long-time champion of Parachute Infantry, approached Dell Publishing, a division of Random House. Dell was a likely choice: it had published a mass market paperback of Webster's shark book, Myth and Maneater: The Story of the Shark, when the movie "Jaws" was released. She felt that Parachute Infantry could find a wider audience now, given the interest in HBO's "Band of Brothers." Dell was interested, and went back to the original manuscript to produce a revised and expanded edition of the book.
In October 2002, this new edition of Parachute Infantry was published. It features over 100 pages of previously unpublished material, including 20 letters home, and restores some of the grittier language and actual names that were used in Webster's original manuscript.
If you want to know more about the men of Easy Company, as seen through the eyes of one young private, read this book. Webster takes you through training at Toccoa, through jumps on D-Day and in Operation Market Garden in Holland, and to the last days of the war in Germany. It is an excellent companion piece to Band of Brothers (the book or DVD/video), and a powerful, unforgettable book on its own.
This book was published some fifty years after the events described and some 30 years after the death of the author (1961). However, the personal memories are excellent as is the writing. The book deals with the author's personal experiences in the European Theater of Operations and it seems that he did not record the time in hospital after he was wounded. Webster's leg wound made him miss the Battle of the Bulge, so he simply alludes to that struggle when he returns to his outfit towards the end of the war. He does deal with parachuting into Normandy on D-Day and, at the end of the war, chasing the remains of the German Army into the mountains.
I think that you could almost sense that the Author was recording the more "exciting" days and planning to fill in the more mundane details, such as his weeks in hospital, when he later had time. One thing that did come through, loud and clear, was the enlisted man's disdain for the officer corps in the EOT. Webster's record of occupation duty, directly after the cessation of hostilities, is entertaining. I can just picture him, getting ready for his daily swim in the lake, and wondering where he should "dine" that night. Enjoyable book!
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One recommendation: If you use this book to write your first patent filing, let a patent lawyer review the filing before you submit. This shouldn't cost you more than an hour or two in attorney fees and from my experience can enhance your submission and improve its chances for allowance significantly. I did this for my first several submissions and learned something each time. Eventually there was little the attorney could offer, and I then ceased the practice.
Wish I could give 6 stars for this remarkable book.
I don't have a solid figure, but this 50$ book probably saved me over 3000 in attorney fees, searches, filing and etc. So you can pretty well guess my opinion of the volume is quite high!
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As a student of biology I feel it really narrows in on what it is like to be a field biologist--fascination!
The book contains several black and white photographs of the chimps, a real treat after getting to "know" these chimps in writing.
If you have any interest at all in primates or in animals generally, this is a must-have book.
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Not being an avid reader of Stephen King's books but hearing much about them and how this book was "different," I did not know what to expect when I picked this book up. However, King managed to weave an intricate plot which blew me away as I was not expecting such a detailed story coming from such a simple idea; good versus evil. Overall, this is a great literary piece and a must-have for those with a love for the fantasy genre.
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I approached this task with solid HTML and Javascript skills but no background in ASP or VBscript and no other programmer to consult with. The answers are all there in concise, yet detailed explainations. If you would like to see what I was able to achieve, visit AccessDB.net.
There is no fluff in this book. I would not recommend this book to a novice or casual web site developer. It is packed with detail that will quickly swamp you in technology that you have no intention of using. However, if you are serious about implementing ASP, Microsoft database technology and more, on an NT4.0 server, this is an excellent book that will remain useful for a long time.
The best part is an extended reference at the end of the book, and this time JScript is also covered.
I have a few comments about this book
1. The book should have been thinner, with some chapters on CD-ROM
2. You must be at intermediate level to use this book, else you could get lost easily. Beginners, don't yet touch this unless you know VBScript
In short, without a doubt, the best book ever written on ASP.
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The hardback format of this book isn't particularly good for the field, even though I've seen people referencing beaten-up copies with their red flashlights. It has good quality paper stock.
In sum, this is a standard work on the Messier objects and has substantial value despite its somewhat high price. However, I could think of other books I'd buy first -- Nightwatch for beginners, Kepple's set for more advanced users.