Why Firms Succeed

Rating:
Summary: How would he know?
Review: After the spectacular collapse of the firm he founded London Econmics???

Rating:
Summary: A Solid Effort!
Review: Using the approach of an economics business model, John Kay defines the major characteristics firms have used to succeed where others fail. To get on the right side of that fence, he says, work your corporate strengths. Kay maintains that success hinges on distinctive abilities a firm can muster to add value for its particular customers. These unique traits include skills, reputation, and relationships. While the book (and the reader) may choke a bit on the academic charts and examples, real meat is hidden here. On the plus side, Kay writes in a fairly clear, spare style that makes complex ideas easy to follow. On the minus side, he repeats the same basic principles and ideas. While executives might glean some real support for developing their companies' strengths, we [...] recommend his book primarily to business school academics and to those top-level managers interested in studying and applying theoretical models.