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Essay / Research Paper Abstract
7 pages in length. In this day of ever-dwindling profit margins and ever-growing bygone companies, it has become imperative that contemporary commerce must apply much more than the minimal effort to survive. Peters and Waterman's "In Search of Excellence: Lessons from America's Best-Run Companies" is a timely and forthcoming reminder to the entire business sector that complacency in any form is equal to sure death. The authors clearly and concisely categorize the eight most important factors found in some of the most successful global companies; by following their lead, businesses of all types and sizes can benefit from Peters and Waterman's insight. Bibliography lists 7 sources.
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7 pages (~225 words per page)
File: LM1_TLCserch.rtf
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Unformatted sample text from the term paper:
the minimal effort to survive. Peters and Watermans In Search of Excellence: Lessons from Americas Best-Run Companies is a timely and forthcoming reminder to the entire business sector that
complacency in any form is equal to sure death. The authors clearly and concisely categorize the eight most important factors found in some of the most successful global companies;
by following their lead, businesses of all types and sizes can benefit from Peters and Watermans insight. II. THE EIGHT ATTRIBUTES The
current trend within the fundamental basis of business operations is to establish a sense of empowerment, both from within and without the company, so as to implement an effectively working
company performance. However, in order to achieve the highest plateau in relation to quality, an organizations culture must first be identified, addressed and then consolidated if it lacks the
necessary characteristics inherent to such stellar performance. What it all comes down to in a word is people. People comprise an organizations culture, as well as whether or
not the business will succeed or fail; without proper stimulation for the former, an employee base can prove poisonous to a companys aspirations. According to Peters and Waterman, the
following eight attributes must be incorporated in order to achieve this objective: 1. A bias for action. 2. Close to the customer 3. Autonomy and entrepreneurship 4. Productivity through
people 5. Hands-on and value driven management 6. Operate businesses they know 7. Simple organizational structure and lean staff 8. Excellent companies are simultaneously centralized and decentralized (Peters et al
PG). Stagnancy breeds complacency, and complacency is the fastest way to corporate demise. By applying a bias for action, companies are
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