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Type of bind: Hardcover
Dewey Decimal Number: 658.406
EAN num: 9780071475259
ISBN number: 0071475257
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Quantity: 1
Page Count: 224
Printing Date: December 13, 2006
Publishing house: McGraw-Hill
Sale Popularity Level: 601180
Studio: McGraw-Hill
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Why is Organic Growth a Smart Long-Term Strategy for Your Company?
A rigorous two-year study of the top 800 value-creating public companies found that growth generated internally through a commitment to customer satisfaction, employee engagement, and profitability resulted in consistent employee retention, stock value improvements, and better returns on investment.
In The Road to Organic Growth, Edward Hess shares the full results of his breakthrough study, providing fresh, and often-surprising perspectives on what it really takes to foster organic growth. Using instructive examples from leading companies such as SYSCO, Best Buy,Tiffany & Company, Outback Steakhouse, and Stryker Corporation, Hess reveals the strategies these trailblazers used to achieve long-term growth from within.
Drawing upon original research, interviews, and in-depth corporate studies, Hess identifies the six keys to achieving organic growth and-most important-explains how to seamlessly and consistently incorporate them into a formula for sustainability and competitive advantage to
- Develop a simple, easy-to-understand business model and growth strategy
- Be entrepreneurial at the point of customer contact
- Measure everything-from finances to operations to behaviors
- Build an engaged, loyal, and multi-talented people pipeline
- Find humble, internally-focused operators to lead your company
- Be an execution and technology champion
The Road to Organic Growth proves that you can build a sustainable, successful business without the expense of acquisitions, financial manipulations, or devaluing your employees. By exceeding customer expectations, building an employee-centric organization, and focusing intensely on measurement and performance, your company will achieve consistent, solid growth from within.
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Rated by buyers 
-
I recently read, The Road to Organic Growth How Great Companies Consistently Grow Marketshare From Within by Edward Hess. Companies do it Author name:
1. They are generally in one business most can define their business in one sentence.
2. The companies are relentlessly focused and disciplined - they do not take their eye off the ball.
3. They drill down to the line-employee level to ensure that their people understand the business and why their job is important, why certain measurements are being made, and how employees can contribute to their own success.
4. They incrementally improve with continual top-line and bottom-line initiatives by
They involve and engage their staff:
The people doing the work need to understand the business and the importance of their individual jobs, as well as how their sucess will be measured and what is important to the sucess of the business.
Everyone has to buy into a system of accountability and a culture of constant improvement.
Only by giving employees "ownership" of their jobs can a company truly have a constant improvement culture that works.
People need constant, reliable, and objective feedback in order to learn and improve. So they have a high focus on measuring results.
It was a good book - not great but just good. I did get some ideas and it was an easy, quick read. Certainly was attracted to the title.
Rated by buyers -
Ed Hess' book helped me a great deal. I own/run a small business that espouses similar values that can be found in this book, but it also taught me that in our quest for growth that some of our priorities have clearly been wrong. As a result of this fine, easy to read book, I feel more confident that our company will be kept firmly on the growth curve.
G.M. Ball
[...]
Rated by buyers -
A great book! I loved it. It is broken into nine chapters as follows:
1. Why is organic growth important?
2. Discovering the DNA of organic growth.
3. The organic growth winners: Interesting Facts.
4. An elevator-pitch business model.
5. Instill a "small-company soul" into a "big-company body."
6. Measure everything.
7. Build a people pipeline.
8. Leaders: humble, passionate, focused operators.
9. Be an execution and technology champion.
Chapters 4 - 9 are the ingredients to building a company through organic growth. If a biz can be explained in a just a few words while riding up an elevator, then it's leaders/managers can probably focus well on growing the business from within. If a biz is comprised of workers who care about the company instead of just showing up to work and collecting a paycheck, then the business will probably grow from within. The business will probably also have a pipeline of new managers if the employees care about coming to work for reasons other than just collecting a paycheck. These are the types of things discussed in the last six chapters of the book.
Generally speaking, companies either grow through "organic growth" or by "mergers and acquisitions." Many companies grow by using both methods, but the author only discusses the organic growth method in this book. There is talk that growth may take place by playing accounting games and engaging in financial manipulations. However, this really is not a method to create growth. Manipulations are just that - shifts of revenues and expenses from one accounting period to another. If there is gain yesterday via manipulation, then there is going to be a loss subsequent week or subsequent month - guaranteed.
A small company soul is what this book is about. And I really enjoyed reading it. I liked the list of "Growth Questions" at the end of each chapter. They helped pull the chapters together for me. If you are putting together a business plan for a start up company, then I recommend you read this book. You will want to incorporate many of the ideas and concepts discussed here into your business plan and your implementation of your business plan.
I would have liked the book better if the print had not been so large. And since the spine of the book was not all that thick I got the feeling that the book was padded by increasing the font size of the text. The book could have been longer if there had been more examples of real world situations regarding what was being discussed. And I would have liked a chapter comparing organic growth to mergers and acquisitions. To discuss organic growth as the best way to grow a company, and to ignore M&A's as though they were a bad way, just didn't feel right to me. In fact, M&A's are a great way to grow a business. But the book was well-written and informative. 5 stars!
Rated by buyers -
This is a phenomenal work. This book provides the attributes and tools of what it really means to "grow" a business. Hess brilliantly reveals some of the most fundamental concepts that make a "great" business great. Pages full of evidence and stories about engaged and loyal people, humble servanthood leadership, dynamic client service, and clear and conscise business models will stir entreprenuers as they read this excellent volume.
Rated by buyers -
Hess has done it again. The Six Keys to Organic Growth
cuts through traditional leadership thought to show what great organic
growth leaders really do - execute. This book offers terrific insight into
some of the great organic growth companies. The Six Keys to Organic
Growth should be required reading for all young executives and MBA students who want to win.
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