Against the Grain: How to Succeed in Business by Peddling Heresy

Joel M Stern & Irwin Ross

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The unique story of a business heretic and his concept of Economic Value Added (EVA)

In Against the Grain, Joel Stern shares for the first time, not only the story of how EVA swept the corporate world, but the story behind the story–the intellectual underpinnings of EVA, how he and his colleagues at Stern Stewart & Co. promoted the concept, won its initial acceptance by major corporations, and later turned the concept into a revolution. He has for good reason been called a one–man catalyst for change. In an engaging memoir, he has given us not only an account of his business strategy, but also provided fascinating anecdotes and vignettes of encounters with leading businessmen on four continents.

Joel M. Stern (New York, NY) has been the Managing Partner of Stern Stewart & Co. since its founding in 1982 and was coauthor of The EVA Challenge (Wiley: 0–471–40555–8). A recognized authority on financial economics, corporate performance measurement, corporate valuation, and incentive compensation, he is a leading advocate of the concept of shareholder value.
Irwin Ross (New York, NY) was retained to write The EVA Challenge with Joel Stern and John Shiely. He is a former roving editor of Reader′s Digest and over the years has written for Fortune and a variety of other magazines.

What will you learn from this book

  1. Challenge Conventional Wisdom:

    • The book likely encourages readers to question and challenge traditional business norms and practices.
  2. Unconventional Strategies for Success:

    • Offers alternative, heretical approaches to achieving success in business that go against the mainstream advice.
  3. Risk-Taking and Innovation:

    • Emphasizes the importance of taking calculated risks and fostering innovation as a means of standing out in the business world.
  4. Independent Thinking:

    • Encourages independent thinking and the ability to form one's own opinions rather than blindly following popular business trends.
  5. Resilience in the Face of Opposition:

    • Discusses the importance of resilience and persistence when advocating for unconventional ideas that may face resistance.
  6. Creativity and Originality:

    • Advocates for creative thinking and originality as essential elements for success, even if it means going against the established norms.
  7. Entrepreneurial Spirit:

    • Likely highlights the entrepreneurial mindset and how it can lead to success, especially when challenging the status quo.
  8. Adaptability in Business:

    • Stresses the need for adaptability in a rapidly changing business landscape, where traditional approaches may not always be effective.
  9. Strategic Heresy:

    • Explores the concept of strategic heresy—going against conventional strategic thinking to gain a competitive edge.
  10. Learning from Failure:

    • Acknowledges the value of learning from failures and setbacks, as unconventional approaches may involve trial and error.
Language English
ISBN-10 0471216003
ISBN-13 9780471216001
No of pages 221
Font Size Medium
Book Publisher John Wiley & Sons
Published Date 10 Oct 2003

About Author

Author : Joel M Stern & Irwin Ross

2 Books

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