• Praise for “Billion-Dollar Lessons”

    This engaging book demonstrates how even very smart businesspeople can make very bad mistakes — and how we can learn from them and so avoid their fate. — Dr. Michael Hammer, author, Reengineering the Corporation

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    Our publisher, Portfolio, has graciously made three chapters of Billion-Dollar Lessons available for free downloading. Just click on the highlighted chapter names below.

    Introduction: Can Fatal Strategic Flaws Only Be Recognized in Hindsight? 1
    PART ONE: Failure Patterns
    1. Illusions of Synergy: Succumbing to the Eighth Deadly Syn(ergy) 15
    2. Faulty Financial Engineering: Taking a Shortcut Through the Numbers 37
    3. Deflated Rollups: Buying a String of Rock Bands to Form an Orchestra 60
    4. Staying the (Misguided) Course: Threat? What Threat? 86
    5. Misjudged Adjacencies: The Grass Isn’t Always Greener 116
    6. Fumbling Technology: Riding the Wrong Technology 141
    7. Consolidation Blues: Doubling Down on a Bad Hand 169
    Coda 190
    PART TWO: Avoiding the Same Mistakes
    8. Why Bad Strategies Happen to Good People: Awareness Is Not Enough 197
    9. Why Bad Strategies Happen to Good Companies: Awareness Is Still Not Enough 216
    10. The Devil’s Advocate: Unleashing the Power of Conflict and Deliberation 231
    11. The Safety Net: An Independent Devil’s Advocate Review 258
    Epilogue: Two Revolutions 273
    Acknowledgments 275
    Research Notes 277
    Notes 292
    Recommended Reading 299
    Index 303