Ten Smart Things Great Organizations Do
They are among the most respected organizations in finance, consulting services, health care and legal: Goldman Sachs, the Capital Group, McKinsey & Co., the Mayo Clinic and Cravath, Swaine & Moore. The recent book, What It Takes: Seven Secrets of Success from the World's Greatest Professional Firms (Wiley/available now), has collected a wealth of wisdom from these companies to offer guidance to professionals, managers and executives everywhere. Author Charles D. Ellis reveals that a common thread among these organizations is a dedication to core values and long-term planning. With these commitments firmly established within all levels of the workforce, the firms have achieved lasting, meaningful success and have effectively overcome adversity. Actually, the subtitle of the book is slightly misleading, as there are far more than seven easily transferable best practices illustrated. We've included a few here, along with (as a special bonus) six "commandments" from Goldman Sachs. Ellis founded and served as managing partner of Greenwich Associates, a business strategy consulting firm. He has also taught investing at Harvard and Yale.