Performance Without Compromise

Charles F Knight & Davis Dyer



In today's volatile marketplace, it's rare for firms to last much less consistently increase earnings for more than four decades. That's what makes the story of 115-year-old global manufacturing and technology leader Emerson so remarkable, and so valuable, for today's managers. How does Emerson do it? And what can other companies learn from its success? Celebrated business leader Charles F. Knight who was CEO of Emerson for 27 of its 43 consecutive years of increased profits says the secret behind Emerson's long-term competitiveness is a dynamic management process carried out with unrelenting discipline. In Performance Without Compromise, Knight breaks down the key components of the Emerson management process in detail for the first time, and shows how this core process enables Emerson to address and overcome major challenges ranging from technological discontinuities to intense global competition. A remarkable success story, Performance Without Compromise is filled with insightful lessons about leadership, management, and competitiveness that can be applied in any company or industry.

What will you learn from this book

  1. Ethical Leadership: Emphasizing the importance of ethical leadership in driving high performance while maintaining integrity, transparency, and accountability.

  2. Values-Driven Culture: Highlighting the significance of fostering a values-driven organizational culture that aligns with ethical behavior and business success.

  3. Long-Term Sustainability: Advocating for strategies that prioritize long-term sustainability over short-term gains, considering environmental, social, and economic impacts.

  4. Balancing Stakeholder Interests: Discussing the need to balance the interests of various stakeholders—customers, employees, investors, and the community—for sustainable success.

  5. Innovation and Adaptability: Exploring how innovation and adaptability can drive performance while adhering to ethical standards and values.

  6. Corporate Governance and Responsibility: Discussing the role of corporate governance in ensuring responsible decision-making and maintaining ethical standards.

  7. Transparency and Trust: Stressing the importance of transparency in communication and building trust among stakeholders.

  8. Risk Management: Addressing the management of risks while maintaining ethical principles, ensuring that risk-taking aligns with organizational values.

  9. Social Responsibility and Impact: Considering the organization's impact on society and the community, advocating for responsible corporate citizenship.

  10. Measuring Performance Holistically: Encouraging a holistic approach to measuring performance that considers not only financial metrics but also ethical and social impact.

Language English
ISBN-10 1-59139-777-4
ISBN-13 9781591397779
No of pages 253
Font Size Medium
Book Publisher Harvard Business Review Press
Published Date 01 Sep 2005

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