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Becoming a successful entrepreneur takes energy and drive. Less than 20% make it beyond the first three years. Achieving the next level, the status of business titan—the upper echelon of leadership—takes an unrelenting commitment to turn an idea into a plan, a plan into a startup venture, and a venture into a successful business. The chances of getting to the top are slim at best, relying on a particular set of skills and attributes. In The Wisdom of Titans, William Ferguson shares how 10 famous titans, from Bill Marriott to Julia Stewart, made it to the top, for every entrepreneur to learn from and follow. The book describes the challenges of leading service organizations, in particular, where managing and motivating thousands of people can make or break the business. The book provides advice for those just starting out as well as business leaders looking to take their enterprise to the next level.
- Sales Rank: #786513 in eBooks
- Published on: 2013-05-28
- Released on: 2013-05-28
- Format: Kindle eBook
About the Author
William J. Ferguson serves as Chairman and CEO of Ferguson Partners Ltd. and as the Co-Chairman and Co-CEO of FPL Advisory Group. Bill conducts senior management recruiting assignments, with a specialization in president/chief executive officer searches and recruiting assignments for Boards of Trustees/Directors. He also conducts CEO succession planning assignments and facilitates public company Board assessments and senior management assessments. Bill is a widely respected author and speaker on the topic of leadership. He holds a B.A. from Harvard University, graduating Phi Beta Kappa, and an M.B.A. in marketing from the Wharton Graduate School of Business.
Christopher J. Nassetta is President and Chief Executive Officer for Hilton Worldwide.
Most helpful customer reviews
1 of 1 people found the following review helpful.
"Vision without execution is hallucination." Thomas Edison
By Robert Morris
According to William Ferguson, "After interviewing the eleven titans for this book, and based upon my knowledge of and interaction with many others, I found a blueprint - a recipe of behaviors and attitudes, if you will - that truly makes the difference...The common thread among them is the importance of service. Brands, technology, and processes aside, what makes [their] companies successful are the people who have customer contact, whether the customer is a patron at a dining table or a patient in a clinic."
Although Herb Kelleher is not one of the eleven, this is precisely what the former chairman and CEO of Southwest Airlines has in mind when explaining his company's extraordinary success: "We take great care of our people, they take great care of our customers, and our customers take great care of our shareholders." Presumably all of the eleven "titans" agree. Ferguson suggests a major value that each personifies, although all great business leaders embrace these values to varying degree:
o J.W. ("Bill") Marriott: Have fun at work
o William ("Bill") Sanders: Be a student of the business
o Stuart Miller: Make your mark outside
o Noel Watson: Grow the bottom line -- period
o Julia Stewart: Coach, mentor, and teach others
o Robert L. Johnson: Create value out of a vision
o Sam Zell: Be true to yourself
o Richard ("Rick") Federico: Take a risk to do things differently
o Paul L. Diaz: Measure your progress at every step
o John Robbins: Be mindful of the shadow you cast
o William A. ("Bill") Jensen: Make a 2 percent difference
These are among the dozens of business subjects and issues of special interest and value to me, presented as mini-commentaries within the narrative, also listed to indicate the scope of Ferguson's coverage.
o Tapping the Wisdom of Titans (Pages 1-4)
o CEO Performance Objectives (15-16)
o An Exemplary Board of Directors (31-32)
o The Right Leader for the Right Time (48)
o The Seamless Transition (63-64)
o The Teaching Leader (76)
o Dealing with Risk and "Pilot Error" (93)
o Evaluating CEO Performance (107-108)
o Cultural Capability (122-123)
o The Strength of Being a Team Leader (130-131)
o Tough Times Call for Strong Leaders (143-143)
o Outwork Your Competitors (162-164)
In the Epilogue, Ferguson observes, "Entrepreneurs who become titans are able to assemble the pieces in such a way that the whole is a unique and value-added creation far greater than the individual parts...The transition from entrepreneur to titan also depends largely upon the culture that is built; in a very real sense it sets an expectation for behaviors and interactions, whether among employees or with customers. To a person, the titans profiled in this book could define their cultures in tangible terms that, not surprisingly, evoked excellence, commitment, integrity, attention to detail, and recognition that success can never be taken for granted."
It is no coincidence that companies annually ranked among the most highly admired and best to work for are also annually ranked among those most profitable with the greatest cap value in their respective industry segments. Jim Collins writes about good to great companies. In this volume, William Ferguson examines good to great business leaders, entrepreneurs who became titans.
0 of 0 people found the following review helpful.
Actions, not dreams!
By Terry Savage
So many people dream about starting their own company. And some of them actually do it! But what makes the difference between an exhausting startup and profitable success? That's what you'll learn from the stories of these entrepreneurs. And Bill Ferguson has the gift of drawing them out, so you learn not only the results, but the emotions that went into these success stories. It's a book that is sure to help turn entrepreneurial dreams into realities.
1 of 1 people found the following review helpful.
Stands out from the pack
By Richard P. Blessen
In the business press, there are few works which stand out from the pack, just as in the business world, few entrepreneurs succeed in translating their dreams into a thriving enterprise. In this book, rather than indulging the all-too-prevalent impulse to recycle buzzwords and catch phrases, the author, Bill Ferguson, has drawn on interviews with an array of top business leaders and distilled the key concepts they have communicated to him into a series of principles that will be of tremendous value to anyone embarking on an entrepreneurial adventure, or who is seeking to take their career to the next level. This book is both immensely useful and eminently readable, and is grounded firmly in practicality.
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