Preview

Book Review: Mavericks at Work: Why the Most Original Minds in Business Win

Better Essays
Open Document
Open Document
1313 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Book Review: Mavericks at Work: Why the Most Original Minds in Business Win
Mavericks at Work: Why the Most Original Minds in Business Win by William C. Taylor and Polly LaBarre is a work of real insight. The authors wish the book could equip every reader to act more boldly as a leader and win more decisively as a competitor. After all, they wish the book provides readers the next practices to lead, compete, and succeed in the fast-moving world.

Example after example comes out from the book in a seemingly endless supply. The authors use tons of real cases to illustrate an idea which is probably the best and the most persuasive approach. The authors spent countless hours with leaders at every level, from CEOs to research scientists. They went deep inside to firms to understand the ideas they stand for and the ways they work. After spending nearly two years visited 32 maverick firms to study their strategies, practices, and leader styles, the authors have lessons to share in four parts: rethinking competition, reinventing innovation, reconnecting with customers and redesigning the workplace. Each part of the book is chocked full of insight into how to lead organizations in new and different ways. The review below is rooted in these 4 parts.

Part One: Rethinking Competition This part talks about how to separate a company from the competition. “Most people in an industry are blind in the same way. They’re all paying attention to the same things, and not playing attention to the same things”. This quotation used by the authors in this part impresses me the most. A maverick company is not willing to be one of these ‘ordinary’ companies and it therefore becomes a revolutionary. It challenges the

2

norms and accepted practices and redefines the terms of competition. This makes me think of Apple Inc. While most mobile phone manufacturers were still paying attention to the phone applications that they can design, Apple Inc. has started to think of designing an operation system that can employ applications designed by other (i.e. APPs).



Cited: in the book, many companies intend to keep a distant with their customers. Overuse of automated call centre is an excellent representative: you can never reach the real person! It turns out that the market has cool products and low prices but unhappy customers. Maverick companies think differently. Starbuck, a true entrepreneurial, is very clear that relationship with customers is the major factor of their success. Starbuck convinced its customers that it is not just selling caffeine but also a rich, consistent, and distinctive experience. The Commerce Bank is another example used in the book. The CEO of the bank spent a morning to discuss the design of gift card to customers. How many CEOs worry about a gift card? “We have to worry about it. How do we take this gift card and make it a “wow” experience for our customers?” the CEO said. This is the maverick mindset that drives Commerce Bank. I think it is time to change, if not earlier. Company likes the one I am working for is one of those with a ‘mature’ automated call centre. Customer service is just a platitude that no one working inside the company believes in. Taking the call centres as an example, it is true that a company can relocate its resources such as time and manpower saved from oneto-one enquiry system to other areas. However, it wasted a chance to connect with the most important asset of a company: customers. I agreed with maverick companies introduced in the book that customer relationship is a psychological matter in some sense. There is no point for product development or branding if customers are not happy and 5 satisfied with their experience with a company. There are so many substitutes in the market that they can choose from one that they enjoy connecting with. Part Four – Redesigning Work Great companies enroll great people, and vice versa. Great companies have to drive to work even greater because great people want to feel like they are part of something greater than themselves. The above idea is elaborated in the final part of the book. Is the company great enough? Though not a perfect indicator, turnover rate can reflect this in some sense. In my company, it becomes a norm that employees with good performance would leave the company at their third years of services. Does this mean something? To retain great employee, human resources management is an important part of every organization. Conclusion Read through the book, I think “mavericks at work” is all about innovation. Create what people never think of so as to make an organization more meaningful and successful. When mavericks are stuck on a problem, they turn the outside world to work with them instead of trying to force a solution internally. If we want to win big, we have to change the game. This book shows us how. (1,292 words) 6

You May Also Find These Documents Helpful

  • Satisfactory Essays

    OI 361 week 5

    • 264 Words
    • 2 Pages

    Organizational transformation is en essential component of the evolution of a successful company. Organizational transformation is best described as “organization-wide changes, such as reconstruction, introduction of new technologies, processes, services or products, implementing new programs, re-engineering”. Finding incentives to motivate and inspire employees will help the entire organization reach a culture that fosters progressive transformation. Furthermore, understanding the purpose of leadership will aid an organization in developing principles and policies that keep the all employees on a transformational path. Failing to innovate and transform with the latest trends in business can lead to disastrous consequences for an organization’s long-term survival. The purpose of this essay is to analyze the transformational ability of major US corporations and the tactics that they utilize to achieve their goals. In addition, I will review the innovativeness of my own organization, the Unites States Navy.swwwfhj…

    • 264 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Nayar, V. (2010). A Maverick CEO Explains How He Persuaded His Team to Leap into the Future. Harvard Business Review, 110-113.…

    • 853 Words
    • 4 Pages
    Better Essays
  • Best Essays

    Since its first conceptualisation in the early 1970s (Chisholm, 1983), the idea of the quality of working life (hereafter referred to as QWL) has attracted the attention of both academics and businesses. QWL refers to a set of HR practices which aim to boost job satisfaction and enhance the overall work experience for the individual, which can also be used as a means to heighten company morale, maximise employee productivity and, in turn, overall organisational performance, which adds to the organisation’s competitiveness (Lau & May, 1998). Noting the relevance of QWL in the contemporary workforce, the first part of the paper will examine the idea of QWL and outline how the implementation of QWL programs contributes in the issue of employee retention. The second part of the paper will propose a QWL program appropriate for DiscPharms, a company operating a chain of 16 discount pharmacies in NSW and Queensland, in retaining Gen Y workers. It will detail the aspects of QWL incorporated and provide justification for the choice.…

    • 1999 Words
    • 8 Pages
    Best Essays
  • Satisfactory Essays

    utilscan

    • 1264 Words
    • 6 Pages

    There are many problems that appear to have been present at Paul’s previous employer, Utiliscan. Being a smaller company it may be harder for Utiliscan to afford to correct the problems that they are encountering, but it is very important that they try to correct as many of the problems as possible to improve employee morale and performance. The first step that Utiliscan needed to take has already been completed by Paul, he has identified, through an employee survey, what areas employees were satisfied with. The problems areas that have been discovered because of the survey are; safety, lack of continued education, dead-end job, no incentives, and below average benefits. Now that the problem areas have been identified, they need to be evaluated to see which areas would give the company the biggest “bang-for-the-buck”.…

    • 1264 Words
    • 6 Pages
    Satisfactory Essays
  • Better Essays

    Intuitive Surgical

    • 1099 Words
    • 5 Pages

    References: Doyle, M., & Smith, M. (2001). Classical models if managerial leadership; traits, behavioral, contingency of transformational theory. Dyer, J., Gregersen, H., & Christensen, C.M. (2011). The Innovator 's DNA: mastering the five skills of disruptive innovators. Boston, MA: Harvard Business Review Press Hitt, M. A., Haynes, K. T., & Serpa, R. (2010). Strategic Leadership for the 21st century. Hoffman A. (2012). Intuitive Surgical Inc.: How Long Can Their Monopoly Last.…

    • 1099 Words
    • 5 Pages
    Better Essays
  • Best Essays

    goss man marked paper

    • 1600 Words
    • 6 Pages

    Leaders need to acquire skills that will keep them one step ahead of the competition. These leaders must be successful at taking on the rapidly changing climate of business and navigate an organization through the upcoming change ( Gregory, 2011).…

    • 1600 Words
    • 6 Pages
    Best Essays
  • Powerful Essays

    Home Depot Case Analysis

    • 975 Words
    • 4 Pages

    Nardelli introduced a number of changes that brought the company into the technological revolution and established many new and profitable business processes. However, the previous CEO’s strategy of cost cutting and centralization had a negative effect on the level of customer service, which had previously been the company’s “prized centerpiece of Home Depot’s brand” (p. 11). Frank Blake must decide how to deal with this weakness and change current consumer’s perception of Home Depot’s lack of customer service.…

    • 975 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    This book focuses on breaking these standards, challenges the norm that today’s managers have laxed into; every page is a veritable treasure chest of pithy and concise quips, valuable statistics, and at some points, moving stories of transformation and learning. “First” introduces and backs up a new way of thinking. Replace “Don’t play favorites” with “great managers invest in their best”. “People can make anything of themselves”, becomes…

    • 654 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    You’re holding a handbook for visionaries, game changers, and challengers striving to defy outmoded business models and design tomorrow’s enterprises. It’s a book for the……

    • 4405 Words
    • 18 Pages
    Satisfactory Essays
  • Good Essays

    The Revere Group

    • 1207 Words
    • 5 Pages

    The Revere Group is a national leader in effectively helping organizations remain innovative by revamping their processes. They successfully transform businesses at the critical point in its evolution. That is its ability to change while moving from yesterday’s principles of operations to futuristic forward thinking. They (The Revere Group employees) are the litmus test for the model they present to clients. The Revere Group is heavily invested in its human…

    • 1207 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Large firms have often failed at providing enough customer satisfaction due to the lack of a personal touch, often given by a smaller business (Murray 2003; Tjan 2009). Tjan’s explains that large companies often associate customer service and satisfaction to standard operating procedures and scripted answers (Tjan 2009). This perception of service can often create frustration and lacks the empathy and common sense approach that a flexible small business can bring to the relationship(Tjan 2009) .…

    • 664 Words
    • 3 Pages
    Good Essays
  • Better Essays

    As the markets are becoming more challenging, organizations need a good transformational leaders to keep the success floating. According to Jeffrey S. Shipley (2013) he states, “I see it as more of a…

    • 1225 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Making Innovation Work

    • 1073 Words
    • 5 Pages

    In this book the authors provide clearly defined methods and guidelines for creating and sustaining innovation strategies that best fit a specific company. The book covers a lot of topics about innovation from the management’s prospective. It starts from evaluation the innovation state of one company to how to design an innovation strategy while integrating /balancing innovations between technology and business model; it talks about how to manage innovation by fighting organizational antibodies (from bureaucracy to not-invented-here syndrome) and leverage technology to design innovation process; and finally it touches on how to measure and reward innovation using incentives, designing measures.…

    • 1073 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    In the past 10-20 years, the environment changed vigorously due to globalization and rapid development of internet. If organizations just follow the old success formula, probably it will go out of business. In the book “Mavericks at Work”, William C. Taylor & Polly Labarre mentioned how “Mavericks” leaded their company to success in this fast changing environment. According to Oxford Dictionary, Mavericks means “an unorthodox or independent-minded person”. This book showed how Mavericks’ unorthodox thinking leaded companies to success.…

    • 1556 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Competition can help make you grow as we. Compete one-on-one; compete against another company; compete against your own objectives – the more the competition, the potentially better product (you) because of what’s at stake… pride.…

    • 4375 Words
    • 18 Pages
    Good Essays