Ibm lou gerstner book

Lou gerstner and the business turnaround of the decade book online at best prices in india on. Learn more about gerstner s life and career, including his work with other businesses. Evaluating ginni romettys market performance as ibms ceo. He was a virtual recluse when it came to interviews and public appearanceshe doesnt try to hide his. Ibm s turnaround under lou gerstner who says elephants cant dance describes how louis gerstner lead the organizational turnaround at ibm when it was at the verge of extinction. In a book excerpt posted on recode, cringely writes. Louis gerstner iii passed away last wednesday while dining alone at lenox hill grill. 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.

Gerstner was formerly ceo of rjr nabisco, and also held senior. In january 2003, he assumed the position of chairman of the carlyle group, a global private equity firm located in washington, d. Doug garr here is the first indepth look at ibm s recovery and the man who is leading it, louis v. Leadership lessons and turnaround tactics of ibm s lou gestner. I believe it might be of interest to briefly outline of his achievements so as to draw some conclusions about sound management. The future of ibm lou gerstner seems to have pulled off a. Louis gerstner on how he started to turn around ibm without a vision statement a lesson many senior managers could stand to learn. In this video tribute, friends and colleagues share. Nov 11, 2002 the book is interesting, even for longtime ibm followers, because it is gerstners own story. He is largely credited with turning ibm s fortunes around.

Nov 08, 2014 in ibm, stock ownership was a minimal even for top management. Information and hightechnology industry experience are highly desirable, but not opposed to considering extraordinary business leaders. The book tells the story of ibm at the peak of its decline in the early 90s and the lengths the ceo and other executives went to. Entrepreneurship in americas public schools, and more on.

He was a virtual recluse when it came to interviews and public appearanceshe doesnt try to hide his disdain for the mediaso his words offer a rare opportunity to hear his point of view. I am responsible for any mistakes or confusion the reader may endure. He also offers his hardwon conclusions about the essence of what makes a great company run. He told henry kravis of kkr that he would take up the job. Gerstner s father, louis gerstner jr, 71, became the ceo of ibm in 1993. Oct 26, 2015 former ibm ceo and chairman lou gerstner discusses company turnarounds and his tenure at ibm. Gerstner iii, the son of the former chief executive of international business machines, died on thursday. I strongly recommends this book to any one passionate about change management, transformation, leadership, customer focus and strategy execution. Learn more about gerstners life and career, including his work with other businesses. Gerstner had led ibm back to the top of the computer industry and initiated one of the worlds greatest success stories. While gerstner gets the cover photo, you learn that its cfo jerry york that was the backbone of the efforts. Lou gerstner has succeeded in writing a book which both provides valuable insights into the computer industry and the situation and success of ibm, as well as providing a roadmap for leaders seeking to effect strategic change in any industry. The conventional wisdom about ibms ibm is that louis v. Gerstner came on board as chairman and ceo almost a decade ago.

Taking readers deep into the world of ibm s ceo, gerstner recounts the high. The book spans the years from 1993 to 1998 lou retired from ibm about 2002. Told in lou gerstner s own words, this is a story of an extraordinary turnaround, a case study in managing a crisis, and a thoughtful reflection on the computer industry and the. But as he told mba students at harvard business school, he wasnt the only one responsible for the change. Here is the first unauthorized and indepth look at ibm s recovery and the manwho is leading it, louis v. Jun 09, 2014 in a book excerpt posted on recode, cringely writes. I believe it might be of interest to briefly outline of his achievements so as. Gerstner jrs memoir about the turnaround of ibm and his transformation of the company into the industry leader of the computer age. This book describes some of the details of his early, premckinsey life that werent previously in the public domain. For a hard look at ibm s books, see that old financial magic by bethany. He died after choking while dining in a restaurant, according to a paid death notice in the new york times.

Lou gerstner shares some blame for ibms current mess. Lou gerstner saved ibm from a previous crisis in the 1990s, and then went on to set the company up for the crisis of today. At ibm, lou gerstner was a famously private individual. This book is dedicated to the thousands of ibm ers who never gave up on their company, their colleagues, and themselves. If the shareholders didnt make billions and billions of dollars, i wouldnt make. Dec 09, 2002 1292002 ibm was in deep trouble when louis v. Ibm had become like a musicpublishing company run by deaf people. Gerstner is the author of who says elephants cant dance, the bestselling account of ibms transformation. This book is dedicated to the thousands of ibmers who never gave up on their. If ceo compensation was performancedriven, which i believe it was in ibm s case, nobody would ever argue. Who says elephants cant dance inside ibms historic.

But thats not something about which gerstner is boasting in his book who says elephants cant dance. The book did a good job describing the culture prelou and afterwards at ibm and the major players. I think, to get the full picture, you may also want to read. Gerstner jrs memoir about the turnaround of ibm and his. Gerstner was a great leader who made important changes in ibm, but didnt go far enough. Ibm and lou gerstner, in strategic management from an islamic perspective. Garr states in his fulldisclosure notes at the end of the book that big blue has never cooperated on a book written about ibm or an. Ibms prospects for survival are very bleak, wrote the authors of the book computer wars. Online shopping from a great selection at books store.

Lou gerstner and the business turnaround of the decade. The last thing we need right now is a vision statement. Share lou gerstner quotations about ibm, culture and technology. Gerstner, the rjr nabisco executive who became ibmsceo and chairmanin 1993, righted the ship, taught the elephant to dance, and insertwhateverturnaroundmetaphoryouwant here. The international business machines corporation ibm is an american multinational information technology company headquartered in armonk, new york, with operations in over 170 countries. Now at the helm of carlyle, the private equity firm, he can maintain his privacy in both home and business affairs. Todays deals your gift cards help whole foods registry sell disability customer support. He remained chairman of the board through the end of 2002.

He retired from that position in october 2008 and remains a senior advisor to. Gerstner was the first outsider to take on this role since thomas watson sr. This is a well written book, very practical and full of information on how lou gerstner saved and transformed ibm. Gerstner served for four years as chairman and ceo of rjr nabisco, inc. Gerstner spilled the beans in his book on ibm dec 16, 2002. Jun 07, 20 the first paragraph of every obituary on louis v. Lou gerstner on how to turnaround a company bloomberg. Lou gerstner shares some blame for ibm s current mess, according to new book. Offering a unique case study drawn from decades of experience at some of americas top companies mckinsey, american express, rjr nabisco gerstner s insights into. I wrote this book without the aid of a coauthor or a ghostwriter which is why its a good bet this is going to be my last book. Elephants is the story of ibms unlikely turnaround, told in first person by gerstner. Ibm redux is a pretty indepth look at all the people and events that went into gerstners effort to turn ibm around. In this video tribute, friends and colleagues share memorable moments and lessons learned from this iconic. Taking readers deep into the world of ibms ceo, gerstner recounts the highlevel meetings and explains the pressurefilled, noturningback decisions that had to be made.

At the time, the technology giant was in dire straits, but gerstner was able to transform the struggling company on the. Author doug garr chronicles gerstner s rise, his arrival as the first steward from outside the. Ibm s corporate owners need to implement a philosophy of lou gerstner s when he sermonized in his book. Who says elephants cant dance leading a great enterprise. The book explains how important is execution, focus and behavioural change. Gerstner intended when he wrote it, but chief executives are people too. The book is interesting, even for longtime ibm followers, because it is gerstner s own story. Gerstner s nine years at the ibm helm will be remembered as the era of greed. Apr 28, 2015 i recently read a book that proved to be a valuable business restructuring case. Lou gerstner, american businessman best known for the pivotal role he played in revitalizing the ailing ibm in the mid1990s. Garr states in his fulldisclosure notes at the end of the book that big blue has never cooperated on a book written about ibm. Inside ibms historic turnaround, and reinventing education. The book is interesting, even for longtime ibm followers, because it is gerstners own story.

Lou gerstner ibms digital transformation change master. When gerstner became ceo of ibm in 1993, shares were in free fall and the company was on the verge of collapse. Oct, 2009 the firsthand story of an extraordinary turnaround, a unique case study in managing a crisis, and a thoughtful reflection on the computer industry and the principles of leadership, who says elephants cant dance. Ibms turnaround under lou gerstner who says elephants cant dance describes how louis gerstner lead the organizational turnaround at ibm when it was at the verge of extinction. Louis gerstner was the chairman and ceo of ibm from april 1993 to march 2002.

Feb 26, 2020 lou gerstner, american businessman best known for the pivotal role he played in revitalizing the ailing ibm in the mid1990s. Offering a unique case study drawn from decades of experience at some of americas top companies mckinsey, american express, rjr nabisco gerstner s insights into management and leadership are applicable to any. Lou gerstner was born in mineola, new york on march 1, 1942. I believe it might be of interest to briefly outline of his achievements so as to draw.

The future of ibm lou gerstner seems to have pulled off a miracle. The state of ibm was so bad in 1993 that it took the unprecedented step of bring in an outsider to run the company. Aug 21, 20 the 41yearold son of a former ceo of ibm has died after choking on a piece of steak at a new york city diner. The author makes a point of saying upfront that he wrote the book without the aid of a ghostwriter. Lou gerstner and the business turnaround of the decade by doug garr 1999, hardcover at the best online prices at ebay. They are unprecedented in ibm corporate history when it comes to plutocratic selfdealing by the top big blue brass. When he took over at ibm in 1993, they were moving downward at a frightening speed, and what he did to turn the company around will probably be studied in business schools in future generations. The views expressed are mine and are not necessarily those of the ibm corporation or any other ibmer. Nice assessment of the first part of lou gerstners tenure at ibm. Until then, we have ibm redux, by doug carr, a very entertaining and instructive look at gerstner and the company he revived. 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. Although he has his critics, gerstners book tells how he turned ibm from a. Gerstner, one of the most accomplished chief executives of his time, knows this. The company began in 1911, founded in endicott, new york, as the computingtabulatingrecording company ctr and was renamed international business.