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.
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?
About Dylan Schleicher
Dylan Schleicher has been a part of the 800-CEO-READ claque since 2003. Even though he's stayed on at the company, he has not stayed put. After beginning in shipping & receiving, he joined customer service and accounting before moving into his current, highly elliptical orbit of duties overseeing the ChangeThis and In the Books websites, the company's annual review of books and in-house design. He lives with his wife and two children in the Washington Heights neighborhood on Milwaukee's West Side.