Soundview Executive Book Summaries


Great Summaries to Power Through Rough Economic Waters

If you scan the headlines of any online news service, it’s difficult to find bright spots on the economic horizon. However, I read an interesting piece from Newsweek on the resurgence of Chrysler. The automaker was the recipient of bailout loans from both the American government and endured a merger with Italian automaker Fiat. Under the leadership of new CEO Sergio Marchionne, Chrysler is in the process of paying off its loans ahead of schedule and redeveloping several of its models.

In reading the Newsweek piece, there are points about Marchionne’s leadership approach that remind me of a few must-read Soundview Executive Book Summaries. Newsweek pointed out that Marchionne refused to use the penthouse office reserved for the CEO and instead took a simple fourth floor office near key departments. This is in direct opposition to the picture author Tim Irwin paints of former Home Depot CEO Robert Nardelli. Check out the Soundview summary of Irwin’s book Derailed: Five Lessons Learned from Catastrophic Failures of Leadership.

The Newsweek article also mentions that Marchionne brought to Chrysler the management structure he innovated at Fiat, “where 25 executives report directly to the chairman.” The idea of changing the culture of accountability to create an increase in results speaks directly to the principles in Roger Connors’ and Tom Smith’s best-seller Change the Culture, Change the Game: The Breakthrough Strategy for Energizing Your Organization and Creating Accountability for Results.

Fresh perspective is a necessary ingredient in the economic recovery process. A great place to gain new insights is by visiting Summary.com.

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