What (really) Works: the 4+2 Formula for Sustained Business Success
This book by William Joyce, a professor at the Tuck School of Business, and Nitan Nohria, a professor at the Harvard Graduate School of Business, and Bruce Roberson, Managing Director, McKinsey & Company, introduces a formula for business success the authors calls 4+2. The authors fielded a 5-year study of 160 different companies and looked at 200 potential drivers of success. In the end, they isolated 8 drivers of success. The premise of the book is that 4 of primary management practices must be present for success plus any 2 of the 4 secondary management practices
| PRIMARY | SECONDARY |
| STRATEGY Devise and maintain a clearly stated, focused strategy |
TALENT Hold on to talented employees and find more |
| EXECUTION Develop and maintain flawless operational execution |
LEADERSHIP Keep leaders and directors committed to the business |
| CULTURE Develop and maintain a performance-oriented culture |
INNOVATION Make innovations that are industry transforming |
| STRUCTURE Build and maintain a fast, flexible, flat organization |
MERGERS & PARTNERSHIPS Make growth happen with mergers and partnerships |
Relevant Links
- What (really) Works
- Companion Website