getAbstract Summary: Get the key points from this book in less than 10 minutes.

An expert can deconstruct a business down to its basic driving forces to diagnose how it is working. Now, you can do the same - with this concise guide from author Ram Charan, who refers to the ability to work with operational essentials as "business acumen." He bases his initial ideas on his family's shoe business in India. This family-owned business fought hard for every sale, and each night the relatives discussed what had happened during the day, which goods customers bought and what the store's competitors were doing. When he left home to study and, eventually, to become an author and consultant to global companies, Charan remembered those hardscrabble lessons. Here, he distills the core similarities between street vendors and global corporations in what amounts to a narrated business dictionary. getAbstract believes this book will help you more deeply understand the vocabulary and ideas at the heart of business, and recommends its clear explanations of essential business concepts.

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Copyright © 2001 by Ram Charan. Published by arrangement with Crown Business, a division of Random House, Inc. www.randomhouse.com