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In Why Smart Executives Fail (portfolio), Sydney Finkelstein, a management professor at Dartmouth, analyzes an all-too-common scenario. A company ranks among the most admired ad·mire  
v. ad·mired, ad·mir·ing, ad·mires

v.tr.
1. To regard with pleasure, wonder, and approval.

2. To have a high opinion of; esteem or respect.

3.
 in the world then fails terribly after three or four years. What happened? Usually, says Finkelstein, upper management has made some terrible mistake, despite having first-rate professionals in the executive suite. Finkelstein investigates the roots of corporate debacles and reaches a surprising conclusion: Even comparing companies that have nothing in common, the causes of such failures are identical. Consultants Adrian Adrian, Roman emperor
Adrian, Roman emperor: see Hadrian.
Adrian, city, United States
Adrian, city (1990 pop. 22,097), seat of Lenawee co., SE Mich., on the Raisin River; inc. 1836.
 Slywotzky and Richard Wise offer practical solutions for weak growth in companies over the past years in How to Grow When Markets Don't (Warner Books). The authors study the over or companies operating in developed markets that have achieved significant growth without investing outside their sector or altering their financial reports. The book provides a kind of vaccine vaccine

Preparation containing either killed or weakened live microorganisms or their toxins, introduced by mouth, by injection, or by nasal spray to stimulate production of antibodies against an infectious agent.
 against corporate scandals A corporate scandal is a scandal involving allegations of unethical behavior by people acting within or on behalf of a corporation. A corporate scandal sometimes involves accounting fraud of some sort.  of late in the U.S. business world, and its authors suggest ways for companies to avoid stagnation Stagnation

A period of little or no growth in the economy. Economic growth of less than 2-3% is considered stagnation. Sometimes used to describe low trading volume or inactive trading in securities.

Notes:
A good example of stagnation was the U.S. economy in the 1970s.
 in a waning economy.
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Publication:Latin Trade
Article Type:Book Review
Date:Sep 1, 2003
Words:167
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