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And What You Can Learn from Their Mistakes
Portfolio Trade
June 2011
On Sale: May 25, 2011
336 pages
ISBN: 1591840457
EAN: 9781591840459
Hardcover
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Non-Fiction
It’s an all too common scenario: A great company breaks from
the pack; the analysts are in love, the smiling CEO appears
on the cover of BusinessWeek and Fortune, the stock soars.
Two years later, the company is in flames, the CEO is under
attack, and the stock has tanked. Why does this sort of thing keep happening at respectable
companies like Motorola, Quaker, and Sony, all of which have
very smart, hard-working senior executives? And how can you
tell if it’s about to happen at your own company? Why Smart Executives Fail answers these and many more
crucial questions. Sydney Finkelstein, a distinguished
professor at Dartmouth’s Tuck School of Business, carried
out a six-year study of leadership failure, the largest of
its kind. After hundreds of interviews with insiders at top
companies that got into major trouble—such as GM, Mattel,
and RiteAid—Finkelstein figured out the common causes behind
failures in wildly different types of companies. He explains
“the seven habits of spectacularly unsuccessful people” that
drive smart managers to make catastrophic mistakes. As much about psychology as it is about business, Why Smart
Executives Fail tells the stories of more than fifty great
business disasters and includes exclusive interviews with
many of their leaders, in which they explain what really led
to their disastrous decisions.
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