The Halo Effect: How Managers let Themselves be Deceived

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Simon and Schuster, Dec 9, 2008 - Business & Economics - 256 pages
Why do some companies prosper while others fail? Despite great amounts of research, many of the studies that claim to pin down the secret of success are based in pseudoscience. THE HALO EFFECT is the outcome of that pseudoscience, a myth that Philip Rosenzweig masterfully debunks in THE HALO EFFECT.

THE HALO EFFECT highlights the tendency of experts to point to the high financial performance of a successful company and then spread its golden glow to all of the company's attributes - clear strategy, strong values, and brilliant leadership. But in fact, as Rosenzweig clearly illustrates, the experts are not just wrong, but deluded.

Rosenzweig suggests a more accurate way to think about leading a company, a robust and clearheaded approach that can save any business from ultimate failure.
 

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Contents

reface
1969
Why do some companies prosper while others fail? Despite great
1982
Up and Down with
Halos All Around
Research to the Rescue?
Can academic research about company performance overcome the Halo
Searching for Stars Finding
Delusions Piled High and Deep
Subsequent studies including Good to Great tried to be even more
The Mother of All Business
Appendix
Notes
So what does lead to high performance? One approach looks at just
Bibliography
Acknowledgments
Copyright

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About the author (2008)

Phil Rosenzweig is a professor at IMD in Lausanne, Switzerland, where he works with leading companies on questions of strategy and organization. He earned his PhD from The Wharton School, University of Pennsylvania, and spent six years on the faculty of Harvard Business School. He is a native of Northern California. Comments to the author can be sent to Phil@The-Halo-Effect.com.

Visit The-Halo-Effect.com to download a user’s guide to The Halo Effect for your company or classroom, or to join a discussion forum about delusions in the business world.

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