By Thomas J. Watson Jr.
The undying company e-book that also brings standpoint and assistance to state-of-the-art bottom-line executivesWhen first released in 1963, IBM CEO Thomas Watson Jr.'s A company and Its ideals gave readers an unheard of glance inside of IBM's govt places of work. Watson-son of IBM's founder- candidly mentioned how the corporate clung to its values through the first nice technological shift, and the way this refusal to compromise turned IBM's power. He additionally turned one of many first CEOs to query business's position and accountability in society, and brazenly speak about how organizations may well meet increasing social expectancies whereas nonetheless turning a profit.The groundbreaking rules during this e-book nonetheless resonate with latest managers. This newly released version reintroduces Watson's principles to a brand new iteration of decision-makers looking for IBM-style criteria for his or her personal firms. A to-the-point exam of the values and ideology that outfitted and sustained IBM, its message is as important this day because it used to be 4 many years back-and will once more strike a convincing chord with executives far and wide.
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Extra info for A Business and Its Beliefs: The Ideas That Helped Build IBM
Some people, I'm afraid, may have the impression that I'm so preoccupied with these larger problems of the national and public interest that I've forgotten what the first function of the businessman is—to run his business and make a success of it. Of course I haven't—not for a single moment. If the businessman fails at business, then all his other concerns will mean nothing, for he will have lost the power to do anything about them. But, by the same token, I do believe we can make just as big a mistake by concentrating on the running of our businesses to the exclusion of these broader considerations of the public good.
30 Chapter 7: New Problems, New Approaches thinking, far outweighs any fears I might have about Federal aid to education. The important thing in a situation like this is to solve the problem and to solve it by the best means, even if this does call for some change in tradition. On the question of national health problems, again we've got to think in terms of solutions rather than in terms of the dangers some may see in present propositions. We can't simply say that inadequate medical care is the price people must pay if they are incapable of earning enough to provide for themselves.
In fairness to the businessman, it should be stated that during the last twenty years he has been remarkably attentive to the needs of his employees. Broad benefit programs are now the norm for most big business organizations. Great efforts are being made to spread the work and eliminate unnecessary layoffs. Many businessmen have accepted the fact that out-of-the-ordinary medical costs, adequate insurance, and adequate provision for retirement are beyond the means of the average employee. To close these gaps, we have introduced benefit programs and are making improvements in them all the time.