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Who Says Elephants Can't Dance? : Leading a Great Enterprise through Dramatic Change
 
 
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Who Says Elephants Can't Dance? : Leading a Great Enterprise through Dramatic Change [Bargain Price] [Paperback]

Louis V. Gerstner (Author)
3.5 out of 5 stars  See all reviews (129 customer reviews)


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Book Description

January 1, 2004

In 1990, IBM had its most profitable year ever. By 1993, the company was on a watch list for extinction -- victimized by its own lumbering size, an insular corporate culture, and the PC era IBM had itself helped invent.

Enter Lou Gerstner. The presumption was that Gerstner had joined IBM to preside over its continued dissolution into a confederation of autonomous business units -- effectively eliminating the corporation that had invented many of the industry's most important technologies. Instead, Gerstner took hold of the company, making the bold decision to keep it together, defiantly announcing, "The last thing IBM needs right now is a vision."

Told in Lou Gerstner's own words, this is a story of an extraordinary turn-around, a case study in managing a crisis, and a thoughtful reflection on the computer industry and the principles of leadership. Summing up his historic business achievement, Gerstner recounts high-level meetings, explains the no-turning-back decisions that had to be made, and offers his hard-won conclusions about the essence of what makes a great company run.

Read by Edward Herrman
With an introduction Read by the Author

--This text refers to an out of print or unavailable edition of this title.

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Editorial Reviews

From Publishers Weekly

Gerstner quarterbacked one of history's most dramatic corporate turnarounds. For those who follow business stories like football games, his tale of the rise, fall and rise of IBM might be the ultimate slow-motion replay. He became IBM's CEO in 1993, when the gargantuan company was near collapse. The book's opening section snappily reports Gerstner's decisions in his first 18 months on the job-the critical "sprint" that moved IBM away from the brink of destruction. The following sections describe the marathon fight to make IBM once again "a company that mattered." Gerstner writes most vividly about the company's culture. On his arrival, "there was a kind of hothouse quality to the place. It was like an isolated tropical ecosystem that had been cut off from the world for too long. As a result, it had spawned some fairly exotic life-forms that were to be found nowhere else." One of Gerstner's first tasks was to redirect the company's attention to the outside world, where a marketplace was quickly changing and customers felt largely ignored. He succeeded mightily. Upon his retirement this year, IBM was undeniably "a company that mattered." Gerstner's writing occasionally is myopic. For example, he makes much of his own openness to input from all levels of the company, only to mock an earnest (and overlong) employee e-mail (reprinted in its entirety) that was critical of his performance. Also, he includes a bafflingly long and dull appendix of his collected communications to IBM employees. Still, the book is a well-rendered self-portrait of a CEO who made spectacular change on the strength of personal leadership.
Copyright 2002 Reed Business Information, Inc. --This text refers to the Hardcover edition.

Review

“The best business book I’ve ever read.” (Imus in the Morning )

“[Gerstner] entertains as he educates.” (New York Times Book Review )

“Effective, to the point...Louis V. Gerstner Jr deserves his place in the management hall of fame.” (Financial Times )

“[Lou Gerstner] has the substance of a genuine and ... interesting story.” (Wall Street Journal )

“A well-rendered self-portrait of a CEO who made spectacular change on the strength of personal leadership.” (Publishers Weekly ) --This text refers to an alternate Paperback edition.

Product Details

  • Paperback: 304 pages
  • ISBN-10: 0060523808
  • ASIN: B0002NQ2B6
  • Product Dimensions: 7.8 x 5.3 x 0.6 inches
  • Shipping Weight: 7.2 ounces
  • Average Customer Review: 3.5 out of 5 stars  See all reviews (129 customer reviews)
  • Amazon Best Sellers Rank: #1,099,435 in Books (See Top 100 in Books)

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Customer Reviews

129 Reviews
5 star:
 (42)
4 star:
 (37)
3 star:
 (21)
2 star:
 (7)
1 star:
 (22)
 
 
 
 
 
Average Customer Review
3.5 out of 5 stars (129 customer reviews)
 
 
 
 
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9 of 9 people found the following review helpful:
3.0 out of 5 stars good primer on business basics, but not a compelling yarn, January 7, 2003
By 
Robert J. Crawford (Balmette Talloires, France) - See all my reviews
(TOP 1000 REVIEWER)    (REAL NAME)   
This is a fairly good book by an immensely talented CEO. It takes up more or less a few decades after the retirement of one of the greatest businessmen of the 20C (TWatson Jr.), when the business had lost its way and was under attack by extremely nimble rivals.

Gerstner took over the failing, almost bankrupt, company and both re-made its startegy and culture, re-focusing it on customer needs and re-engineering it (i.e. laying off an awful lot of people). In this book, he tells the outlines of how he did it, which is indeed extremely interesting. In particular, he stresses that while a strategy is needed, implementation of it is far more important.

Unfortunately, he does not go into enough detail for the reader to fully understand what he faced and how he did it. Neither the technology nor the brutal methods he had to employ were adequately addressed, at least for me. I read it carefully and did not feel I had had quite the full meal I expected. The reader also gets virtually no insight into what makes Gerstner tick, other than that he "wants to win" with passion. THe book was also entirely written by Gerstner; his style is competent, if somewhat like a business memo: good analyses are "actionable" and effective actions are "impactful."

Nonetheless, this is a very good primer on basic strategy and organizational behavior. He has lots of valuable advice to give and pinpoints many important issues. I will keep it and return to it.

THere were some things that I found questionable and surprising, if also unintentionally revealing. FOr example, he made IBM both an honest broker in offering comprehensive technology-based business solutions - for the first time, its employees could recommend the hardware of competitors if they better suited the customers' needs - while another part of the company continued to strive to produce the best hardware. This flatly contradicts both what Porter advises and Gerstner himself argues elsewhere in the book regarding the self-reinforcing compatibility of the elements of a business strategy and makes me question if Gerstner really thought it all thru. In addition, he astonishingly posits that Japanese business reporters are the best in the world, when in fact - and I worked in Japan for Nikkei, a leading business news wire service - they are merely part of the PR apparatus of firms, reporting verbatim what they were told to report by companies! If that is what Gerstner expected of Western reporters, then he was naive. But then, he was a benevolent dictator and is open about his dislike and lack of trust of the press.

REcommended. But if you really want a rivetting account of IBM, I would recommend Watson's autobio, Father Son & Co. There is also an excellent account of the turnaround of Xerox, using TQM, that is far more compelling a read than this book.

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56 of 72 people found the following review helpful:
5.0 out of 5 stars Saving IBM from Itself, November 18, 2002
By A Customer
While at IBM Louis V. Gerstner, Jr. developed a reputation of aloof arrogance. One would not suspect this from reading his book, in which he gives generous credit to the tens of thousands of people who created the company and to many others, some by name, who helped to save and resurrect it.

As a former IBM executive who took early retirement twenty years ago, just as the company's bureaucracy was beginning to strangle the organization, I was fascinated to learn how that bureaucracy spread and the extremes to which it went, creating a culture thst led to decisions (if any) by committee, conspiratorial compromise, and self-protective behavior. This is not the IBM I had known. Even more interesting is the rapidity with which Louis Gerstner diagnosed the sickness of the company and the speed and persistence with which he administered tough medicine.

Despite IBM's near-terminal condition Gerstner saw it correctly not only as a business enterprise but as a "national treasure" that was well worth the collossal efforts needed to restore it.

Unlike Jack Welch's adolescent "Jack: Straight from the Gut", this book focuses on the processes of leadership and management, strategic choice, and the decision process. But it speaks also to the essential importance of corporate culture, at IBM a way of life that is based on values rather than just on being first.

As a recovering IBMer I salute Mr. Gerstner for his remarkable achievements and as a reader applaud him for this exceptional contribution to the business book genre.

Don't miss it.

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43 of 55 people found the following review helpful:
2.0 out of 5 stars Over simplified and superficial, December 1, 2002
By 
E. Griffin (Wilton, CT, USA) - See all my reviews
(VINE VOICE)    (REAL NAME)   
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If you are looking for a condensed version of IBM highlights under Gerstner's lead, this book will meet your needs. If you are interested in gaining an understanding of IBM's issues that led to the "elephant" stumbling, and Gerstner's solutions, you will be disappointed.

"Who says..." is a quick read with a superficial treatment of the various issues facing IBM and a simplified view into Gerstner's techniques to turn the company around. Many different scenarios are rushed through, leaving the reader wanting to know more about how and why. The solutions offered by Gerstner and his team seem pat--surely there was more going on.

Gerstner can not answer all his critics or the legion of angry ex-IBM'ers in a single book, particularly so close to his career transition. Unfortunately, this book misses the opportunity to provide the reader with anything more than a superficial insight into one man's view of IBM.

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On December 14, 1992, I had just returned from one of those always well-intentioned but rarely stimulating charity dinners that are part of a New York City CEO's life, including mine as CEO of RJR Nabisco. Read the first page
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American Express, United States, New York, Jim Burke, Board of Directors, Wall Street, John Akers, Tom Watson, Management Committee, Basic Beliefs, Bill Gates, Harvard Business School, Jerry York, Lou Gerstner, Paul Rizzo, Sam Palmisano, Dennie Welsh, Jim Manzi, John Thompson, Tom Murphy, Global Services, Ned Lautenbach, Nick Donofrio, Westchester County
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