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The Human Equation: Building Profits by Putting People First
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Amazon.com Amazon.com Review (ISBN 0875848419, Hardcover)The lure of new and profitable markets has lead many companies to formulate strategies to capture these markets. This focus on strategy often leads to downsizing and the shedding of old businesses in favor of a "lean" economic model that stresses outsourcing. The strategy that leads to downsizing has its short-term rewards--a fatter bottom line and happy shareholders.
Jeffrey Pfeffer argues that much of this downsizing is nothing more than a throwback to 100-year-old employment practices. Instead of cutting costs as a means to increase profits, companies should focus more on building revenue by relying on solid people-management skills. Through dozens of examples, Pfeffer demonstrates that successful companies worry more about people and the competence in their organizations than they do about having the right strategy. Pfeffer contends that the strategy part is relatively easy--it's the day-to-day execution that's hard. Companies that understand the relationship between people and profits are the ones that usually win in the long run.
(retrieved from Amazon Thu, 14 Feb 2013 13:35:24 -0500)
In this critical examination of the people management practices prevalent in many of today's companies, bestselling author and management expert Jeffrey Pfeffer argues that much of the conventional wisdom is actually tremendously destructive to both employment relationships and organizational performance. Pfeffer marshals impressive evidence, analysis, and vivid real-life examples to prove a direct, unassailable correlation between good people management and profits.Drawing on his research into companies ranging from the Men's Warehouse, Service-Master, Volkswagen, and AES to Apple Computer, United Airlines, and banks in the U.S. and Germany, Pfeffer builds an irrefutable business case that the culture and capabilities of an organization - derived from the way it manages its people - are the real and enduring sources of competitive advantage. According to The Human Equation, this success comes from taking seriously the often heard yet frequently ignored adage that "people are our most important asset." The Human Equation provides much needed guidance for managing people more profitably, more sensibly, and more humanely.
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