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The power of we: succeeding through partnerships
The power of we: succeeding through partnerships
The power of we: succeeding through partnerships
Price: $1.69 FREE for Members
Type: eBook
Released: 2004
Publisher: John Wiley and Sons
Page Count: 275
Format: pdf
Language: English
ISBN-10: 0471652822
ISBN-13: 9780471652823
User Rating: 5.0000 out of 5 Stars! (3 Votes)

From Publishers Weekly

The CEO of Loews Hotels, Tisch preaches a management philosophy of cooperation: forging partnerships with employees, customers, shareholders and communities. A skeptical reader will ask what kind of partnership leaves the author heir to a $21-billion fortune while most of his employee-partners make less than $21,000 per year; the author addresses this question head-on, leaving the executive suite and performing the entry-level jobs in Loews hotels: cleaning, cooking, serving, repairing and checking guests in. The difficulty of these jobs reinforces "how crucial it is for top management to give the front-line people the tools, resources, and freedom they need to carry out their demanding jobs." He also confronts a union-busting reputation with a set of arguments for and against organized labor. The result is inspiring as an account of the way businesses should be run, but not entirely convincing as an account of the way Loews is actually run: Tisch describes at length how uncomfortable and humiliating the front-line employee uniforms are—but he doesn't consider changing them because they are cheap to launder. Accounts from other executives who practice partnership management argue strongly for the ideas; this book as a whole gives explicit examples and recipes for applying them with an entertaining mix of analysis and stories.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From

Tisch is chairman and CEO of Loews Hotels, which also has sizable interests in the insurance, sports, and tobacco industries. This family business has been extremely successful, in large part a result of the partnerships they have forged--with employees through recognition and rewards, with customers by delivering a unique entertainment experience, and with other businesses and government through promotion of tourism. In June 2003, Tisch spent a week in the "front lines" working as a bellman, waiter, engineer, and housekeeper. His experience gave him new respect for the difficulties his staff endured; he found the polyester room-service uniforms so uncomfortable he decided to change them. Besides detailing how cooperative efforts work in the hotel business, he also profiles the partnership successes of others, such as JetBlue Airways CEO David Neeleman, former president Jimmy Carter and the Carter Foundation, and Jeff Zucker, president of NBC Entertainment. Tisch proves that companies ultimately reap great benefits by looking beyond the bottom line to the needs of people and community. David Siegfried
Copyright © American Library Association. All rights reserved


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Carlos R. Nagel (Tucson, AZ) | 5 out of 5 Stars!
15/10/2009

This is a book that addresses the vital function of "Being a good neighbor is good business"

Nancy E. Mendelson (New York, NY) | 5 out of 5 Stars!
09/09/2004

Much like the hotels he operates, Mr. Tisch's book does not disappoint. He was very generous with sharing information and offering an "insider's" perspective on a variety of businesses, situations, as well as his illustrious family. I was truly surprised that a "business" book could be so engaging, personal and unintimidating...and I got a lot out of it.

It is clear that Mr. Tisch is the real deal and that he not only embraces the power of partnerships...he embodies it.

S. Adler Executive Director, 92nd Street Y | 5 out of 5 Stars!
07/09/2004

The 21st Century will be the age of alliances as few organizations( or countries for that matter) will have the resouces to reach their goals for- profit world. Mr Tisch covers both the short term expedient partnerships such as changing their dinning room into a cabaret and the long term partnership issues where he notes the critical importance of aligning the plans and actions of managers with the objectives of ownership without unnecessarily stifling the manager's individual creativity ( the identical statement can be made in the not- for- profit world, just substitute the Board of Directors for the Owners). I have enjoyed this book and would reccomend it to those of us in the not-for-profit world as well.

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