What (really) Works:  the 4+2 Formula for Sustained Business Success

This book by William Joyce, a professor at the Tuck School of Business, and Nitan Nohria, a professor at the Harvard Graduate School of Business, and Bruce Roberson, Managing Director, McKinsey & Company, introduces a formula for business success the authors calls 4+2. The authors fielded a 5-year study of 160 different companies and looked at 200 potential drivers of success. In the end, they isolated 8 drivers of success. The premise of the book is that 4 of primary management practices must be present for success plus any 2 of the 4 secondary management practices

PRIMARY SECONDARY
STRATEGY
Devise and maintain a clearly stated, focused strategy
TALENT
Hold on to talented employees and find more
EXECUTION
Develop and maintain flawless operational execution
LEADERSHIP
Keep leaders and directors committed to the business
CULTURE
Develop and maintain a performance-oriented culture
INNOVATION
Make innovations that are industry transforming
STRUCTURE
Build and maintain a fast, flexible, flat organization
MERGERS & PARTNERSHIPS
Make growth happen with mergers and partnerships
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