April 20, 2006
News & Opinion: A-Ha!
Tom Peters wrote a terrific post called Ha! commenting on a Financial Times column citing the poor track record of companies that Gary Hamel and C.K. Prahalad cited in their book Competing for the Future. Heres a great quote from Tom: "I guess my perverse pleasure comes because almost every "big" management book seems to need to devote a paragraph to trashing the companies Bob and I picked. None cites even a dollop of data to support their point...which doesn't slow them down in the least. We did indeed make our share of mistakesbut the bunch-as-a-whole have been remarkably resilient. Ah, well." Not only is his short post excellent, but, as is often the case on his blog, so are the comments. One person cited an excellent Forbes piece on what's happened to the companies cited in Excellence. Speaking of this financial smell test, Id love to see portfolios of model companies cited in the top 25 business books of the past 20 years. Hold up the performance of Good to Great versus Execution, or, say, Lean Thinking versus Innovators Dilemma?