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The Ten Commandments For Business Failure (2008)

by Donald R. Keough(Favorite Author)

3.89 of 5 Votes: 1

ISBN

1591842344 (ISBN13: 9781591842347)

languge

English

genre

Nonfiction

publisher

Portfolio Hardcover

review 1: Just finished reading "The Ten Commandments for Business Failure" (2008) by Donald R. Keough. To be honest, I only bought this book as a wild card for my second Amazon book purchases, and I wasn't really hoping for a lot from it. It turned out to be a dark horse of a business book.What caught my attention about Keough's book is that it goes against the common patterns of most business books. While most business books would be about ways to succeed (and being very adamant about the ways), Keough belongs to the same school of business thought such as Phil Rosenzweig and Warren Buffett. He admits to not know the formula to success but insteads offers the recipe of success. Like how Rozenzweig took on the unfamiliar path of dispelling most business books, Keough does it by ann... moreouncing what most business books don't do: tell people what NOT to do for business.The Ten Commandments are very simple, but Keough's wealth in sharing his knowledge proves invaluable. From sharing Drucker's philosophies to even pointing out the common psychological tendencies in business, his no-nonsense classic approach is one that stands firm in an industry where people to churn out new fancy terms for practices that never seem to guarantee success. As an added bonus, he also offers an optimistic eleventh commandment not just for business people but basically to anyone who reads the book.Lastly, as a huge favour, he theoretically applies his commandments to the 2008 financial crisis and understands that somebody out there is certainly committing one of his commandments right now, which he wishes would not bear heavy consequences.NEXT BOOK: "Predictably Irrational: The Hidden Forces That Shape Our Decisions" (2008) by Dan Ariely.
review 2: INTRODUCTION#"Take the whole question of leadership, which has been studied to death, always inconclusively." pg. 2#"In fact, the more you have achieved, the more these commandments apply to you." pg. 9COMMANDMENT ONE: QUIT TAKING RISKS#"Let's-do-it-like-we-always-did-it-because-that's-the-way-we-always-did-it" culture. pg. 12#Yet as our lives get softer and richer and more comfortable, the temptation to quit taking risks is so great. pg. 15#The National Federation of Independent Business Research Foundation estimates that after just five years only half of new businesses with employees are still operating, and many of those at a loss. pg. 15#"Tell me again why everything is so good. Isn't there something more we ought to be worrying about today in order to make sure we have something else to worry about tomorrow?" pg. 16#The business had to be built on trust. pg. 17COMMANDMENT FIVE: PLAY THE GAME CLOSE TO THE FOUL LINE#A few corporate leaders found themselves no longer asking "Is it right?" but "Is it legal?" And then from that point, it was just a short leap to "Can we get away with it?" pg. 72.#"I was either a white knight to help lead the company or I was the living embodiment of the famous Peter Principle, promoted beyond my level of competence." pg. 74 less

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