The economic crisis was not just caused by a failure of regulation or economic policy; it was a story of the failure of management in a fundamental sense-a deeply flawed approach to management that encouraged bankers to pursue opportunities without regard for their long-term consequences, and to put their own interests ahead of those of their employers and their shareholders. The revised edition of this best-selling book shows convincingly that many of today’s major economic problems in the west can be traced to a failure of management. In this updated edition the author draws our attention to new examples of failed management, from Rupert Murdoch’s News Corp, and the disaster at BP, to the ongoing problems in financial services companies such as UBS and RBS. Throughout the book the references and statistics have been updated, to make this a current, highly relevant analysis of the problems besetting modern business and how managers need to tackle them. …a thoughtful, practical and readable tour that encourages the reader to reflect on the prosaic role of sleeves-rolled-up management . ( Management Today , March 2010). This book equips readers with a framework to start getting better at making smarter choices as to how they organise and manage . (Director, March 2010). …this book is a major contribution to efforts at re-igniting the debate on the way we do things at work . ( People Management , September 2010 Best Business Book 2011 - Finalist - Thinkers50). One of the Best Business Books 2010 . ( Strategy+Business magazine). a must read for managers who want to build an organization that’s truly fit for the future . (Gary Hamel, best-selling author of The Future of Management ). I read many books about management and leadership, but I have to admit this book is by far the best and most comprehensive I have ever been in contact with. It is well written with many good examples and easily read as it is written for people outside the academic world. I can highly recommend this for all people managers . (Povl Mors, Director, Commercial training, Vestas Corporation (on Amazon.Com)).
