Practice What You Preach : What Managers Must Do to Create a High Achievement Culture

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Format: Hardcover
Pub. Date: 2001-06-18
Publisher(s): Free Press
List Price: $26.00

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Summary

Firms that are perceived by their employees to actually practice what they preach are more financially successful than their competitors, says consultant David H. Maister, based on a worldwide survey of 139 offices in 29 professional service firms in 15 countries in 15 different lines of business. Maister asked the simple question: Are employee attitudes correlated with financial success? The answer, he found, was "an unequivocal 'Yes!'" Further, the author shows that high levels of employee commitment and dedication "cause(yes, cause) a demonstrable, measurable improvement in financial performance." Maister proves that if your firm doesn't promote enthusiasm and high morale in your employees, your firm will make less money. So, how can you create a culture in your firm that promotes growth and superior financial returns? Maister discovered that the most successful firms surveyed excelled by doing well on things to which most, if not all, firms pay only lip service: commitment to clients, teamwork, high standards, employee development, and other familiar topics. However, what distinguishes the best from the rest is that the best live up to their own standards. Digging deeper by conducting in-depth interviews with managers and employees of the firms he surveyed, Maister has found that the key to success is not the systems of the firm, but the character and skills of the individual manager. He explores in detail the central role of the manager (what he or she must be, must do, and must require of others). The reader will find specific action recommendations from the managers and employees of these "superstar" businesses on how to build an energized workplace, enforce standards of excellence, develop people, and have fun -- all as powerful profit improvement tactics. Practice What You Preach can help any manager increase firm growth and profitability, and will provide proof to firm executives that great financial rewards come from living up to the high standards that most businesses advocate, but few achieve.

Author Biography

David H. Maister is widely acknowledged as one of the world's leading authorities on the management of professional service firms. He advises firms in a broad spectrum of professions on issues ranging from marketing to human resources strategies. He is the author of the bestselling Managing the Professional Service Firm (1993) and True Professionalism (1997) and the coauthor of The Trusted Advisor (2000).

Table of Contents

Introduction 1(6)
How to Use This Book 7(2)
The Survey
9(7)
Financial performance and employee attitude questions
Tramster: A Case Study
16(12)
Trust, respect and integrity
How Successful Offices Did It
28(8)
Enthusiastic, committed and dedicated people
Northport: A Case Study
36(12)
The right combination of fun and discipline
Correlations with Financial Performance
48(5)
An uncompromising determination to achieve excellence
Mustang Communications: A Case Study
53(10)
Build your people and the rest will come
The Predictive Package
63(7)
Nine attitudes that predict profits
Archipelago: A Case Study
70(7)
The best management is one-on-one
The Path to Performance
77(8)
The factors that cause financial performance
Tigrette: A Case Study
85(9)
Talent doesn't outweigh personality
Firm or Office? What's Driving Things?
94(5)
The individual manager is disproportionately influential
Mortimer Ransford: A Case Study
99(11)
The Culture Cop: non-negotiable cultural minimums
The Effects of Office Size
110(3)
Size makes things harder
Bellerephon: A Case Study
113(8)
You've met Alice, haven't you? Essential human qualities
Age Levels
121(7)
Your younger staff's views predict profits best!
Arkwright, Sutton: A Case Study
128(8)
It's about relationships, stupid! Walk the halls!
Additional comparisons
136(6)
Geography, lines of business and leverage
McLeary Advertising: A Case Study
142(14)
Don't go home if someone else needs help
Julie's Perspective
156(4)
Don't be afraid to live your values
Lessons: The Manager
160(8)
What managers must be, believe and do
Lessons: Creating the Success Culture
168(8)
Intolerance, requirements and community
Lessons: Developing People
176(8)
Creating an energizing workplace
Lessons: Other Topics
184(6)
Hiring, Training, Rewards and Clients
It's Not One or the Other, It's Both!
190(3)
People development IS business development
The Courage to Manage
193(10)
Strategy versus expediency. Do what you say you'll do
Appendix One The Financial Performance Index 203(2)
Appendix Two The 74 Questions 205(8)
Appendix Three The Factors 213(4)
Appendix Four Impact of Improving on Each Question 217(5)
Appendix Five How the Top 20 Percent Offices Did It 222(8)
Appendix Six Correlations 230(8)
Appendix Seven A Note on Structural Equation Modeling 238(3)
References 241(2)
Acknowledgments 243(2)
Index 245(6)
About the Author 251

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