The success factor: What is the magic ingredient that enables business stars to outshine their competitors?

Abstract

Purpose

Reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Some corporations seem to turn everything they touch to gold, even in markets where competitors are struggling just to keep afloat. What is the deciding factor that determines whether a company will become a star, fixed firmly in the international business firmament, or merely a passing meteor, flashing by briefly before burning itself out? Reviewing some of the brightest business stars, namely the steel giant Arcelor Mittal, Rupert Murdoch's media empire and the reinvented Jaguar/Landrover group, the answer can be found in the people responsible for their firms' success.

Practical implications

Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.

Citation

(2008), "The success factor: What is the magic ingredient that enables business stars to outshine their competitors?", Strategic Direction, Vol. 24 No. 1, pp. 15-17. https://doi.org/10.1108/02580540810839296