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Business Worth Doing Paperback – April 23, 2014
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“Business Worth Doing” by Patrick Hehir and Tony Petrella of Business Value Group International presents their solution to this dilemma. It is their opinion that many businesses fail because their primary focus is on making a profit rather than the survival of the company. Executives fail to acknowledge that their company is made up of more than just investors and primary shareholders. They must understand that in order for a business to succeed in the long term everyone involved must feel they are getting treated fairly. Hehir and Petrella’ s solution, the Balanced Stakeholder approach is a management process that focuses on the integration of shareholder, employee, customer, supplier and community interests and relationships in a way that ensures the long term success of the company. “Business Worth Doing” is an in depth, well written discussion of the benefits, implementation and results of adopting a more balanced approach to business management. An excellent read that I recommend highly especially to entrepreneurs and small business owners who might not be familiar with all the intricacies of strategic management.
The truths within the book are simple, unlike people and situations. There is a lot for a business to gain by simplifying it's mission and organization, as demonstrated by the inserted real life examples from the authors' experiences.