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Winning Now, Winning Later
Book

Winning Now, Winning Later

How Companies Can Succeed in the Short Term While Investing for the Long Term

HarperCollins Leadership, 2020 mais...


Editorial Rating

8

Qualities

  • Applicable
  • Concrete Examples
  • Inspiring

Recommendation

Driven by market demands for continually improving short-term profits, many businesses sacrifice long-term growth in favor of bolstering their quarterly numbers. But it doesn’t have to be that way, argues David Cote, former CEO of the Honeywell multinational conglomerate. Drawing on his experience of turning Honeywell from a failing $20 billion business into a thriving $120 billion enterprise, he challenges leaders to embed strategic thinking into their everyday decision-making and create a culture that will allow their organization to grow successfully, continuously and sustainably while still delivering short-term results.

Take-Aways

  • Apply intellectual rigor to business decisions to achieve short- and long-term results.
  • Honest accounting, a long-term focus and “perpetual restructuring” are pivotal to successful strategic planning.
  • Resolving legacy issues now will bring future benefits – even if the immediate cost seems high.

About the Author

Former chairman and CEO of Honeywell David M. Cote is executive chairman of Vertiv Holdings Co., a member of the Aspen Economic Strategy Group, and a board member of the Council on Foreign Relations and the Conference of Montreal. Barron’s ranked him among the World’s Best CEOs for five years.


Comment on this summary or Iniciar a Discussão

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    A. M. 5 months ago
    Interesting
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    M. H. 3 years ago
    I am satisfied with this summary! Thank you very much!
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    U. 1. 4 years ago
    Very interesting topic. It will be interesting to look at competitors and other organisations which display this kind of thought process and actions

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