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ISBN: 9781591397779 - Performance without Compromise
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Performance without Compromise

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How Emerson Consistently Achieves Winning Results

Charles F. Knight, Davis Dyer

ISBN: 9781591397779
Format: Hardback
Publisher:Harvard Business School Publishing
Edition: 2nd


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For forty-three years, global manufacturing and technology leader Emerson achieved consecutive annual increases in earnings per share and dividends per share. This remarkable record, which spans varying economic cycles from the 1950s through 2000, ranks among the longest in American business. Today, Emerson remains one of the world's most admired, innovative, and successful companies. What is the secret behind its outstanding performance…

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In today's volatile marketplace, it's rare for firms to last--much less consistently increase earnings--for more than four decades. That's what makes the story of 115-year-old global manufacturing and technology leader Emerson so remarkable, and so valuable, for today's managers. How does Emerson do it? And what can other companies learn from its success? Celebrated business leader Charles F. Knight--who was CEO of Emerson for 27 of its 43 consecutive years of increased profits--says the secret behind Emerson's long-term competitiveness is a dynamic management process carried out with unrelenting discipline. In Performance Without Compromise, Knight breaks down the key components of the Emerson management process in detail for the first time, and shows how this core process enables Emerson to address and overcome major challenges ranging from technological discontinuities to intense global competition. A remarkable success story, Performance Without Compromise is filled with insightful lessons about leadership, management, and competitiveness that can be applied in any company or industry.
 
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