Business Insider

Friday, June 10, 2011

Book Review: THE MANAGEMENT 500

THE MANAGEMENT 500
Book Review: THE MANAGEMENT 500
Author: Dan Coughlin
ISBN-13:  9780814414231
Topic:  Management
Format:  Hardcover
Language:  English
Publication Year:  2009


BUSINESS BOOKS


REVIEW:

One of the most important things a manager can do is to read about the science of management and contemplate different styles.  By encountering new information, a manager can improve.  I am not a big fan of auto racing, but I found the analogy and style of THE MANAGEMENT 500 to be useful. Especially the author's chapters on change. 

One take-away for me is to be both mentally and physically prepared for change.  I tend to be  desk jockey and need to be more physically fit.  As I prep my team for a change in procedure, I now take personal time to walk 3 miles (1 hour) in the early morning.

FROM THE PUBLISHER:
Superstar drivers like Dale Earnhardt, Sr., Richard Petty, Mario Andretti, Michael Schumacher, and others reigned supreme on the famous motor speedways of Daytona, Indianapolis, and Monza, Italy, at an incredible pace—always within inches of certain disaster. To excel in the world of auto racing, a driver needs passion, shrewdness, quick-thinking, strategy, teamwork, attention to detail, practice, and dedication. And what’s true in auto racing is true in the business world. In fact, many of the qualities possessed by successful race teams are also essential for building and sustaining successful, profitable businesses. Whether you run a multibillion-dollar corporation or a hundred-thousand-dollar profit center, you need to achieve results quickly and improve performance month after month if you want to capture the checkered flag.

The Management 500 provides high-octane management lessons drawn from the thrilling world of professional auto racing. With practical insights and stories from some of the most successful people in Formula 1, IndyCar Series, and NASCAR over the past 60 years—including Lee White, President of Toyota Racing Development, Geoff Smith, President of Roush Fenway Racing, and Ed Laukes, head of Toyota Motorsports—consultant Dan Coughlin shows you how to rev up your skills in areas like leadership, teamwork, strategy, branding, problem-solving, change management, and innovation, and get your company running in high gear. With keen observations from such racing stars as Michael Schumacher at Ferrari Racing Team, Jeff Gordon at Hendrick Motorsports, and Dale Earnhardt, Sr., at Richard Childress Racing, you’ll discover how to:

● Master the eight problem scenarios business managers routinely face.

● Use pit stops wisely.

● Develop a team of people who understand your goals.

● Design a strategy to win.

● Build brand equity in any industry.

● Manage your people through an under­standing of their strengths, passions,

and values.

● Successfully navigate turns in the track.

● Problem-solve on the go, even when things are intense.

From Enzo Ferrari to Kyle Busch, and from the Indianapolis 500 to the Daytona 500, this inspiring book will give you invaluable tips from the fast, furious world of racing, and show you how to combine passion with precision to beat your rivals in today’s high-stakes world of business management.


THE AUTHOR:
Dan Coughlin is a Fenton, Missouri–based management consultant and popular key­note speaker whose clients include Toyota, Shell, McDonald’s, Roush Fenway Racing, Prudential, Abbott, and more than 150 other organizations.

Dan can be reached through his website at The Coughlin Company

BUSINESS BOOKS

1 comment: