(Corporate Event Update)
Performance Without Compromise: How Emerson Consistently Achieves Winning Results Chinese Edition Released in China
Emerson Chairman Emeritus Charles F. Knight Reveals to Chinese Readers the Management Process that Drives Emerson’s Consistent Winning Results.
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Beijing, China, November 28, 2007 — Emerson (NYSE:EMR), together with The Commercial Press and Harvard Business Review Chinese Edition, hosted a reception today in Beijing to celebrate the official launch of the Chinese edition of “Performance Without Compromise: How Emerson Consistently Achieves Winning Results” by Charles. F. Knight, Chairman Emeritus of Emerson.
Knight’s book Performance Without Compromise: How Emerson Consistently Achieves Winning Results, co-authored by Davis Dyer, was published in 2005, which reveals Emerson management process in detail and how Emerson grew from a company with only a dozen subsidiaries generating |
less than US$1 billion in revenue to one with over sixty global subsidiaries with revenues of over US$15 billion. The publication of the book’s Chinese edition enables Chinese readers to learn about the secrets behind Emerson’s consistent winning results. The book describes how the Emerson team developed, fine-tuned, and actively executed the management process, enabling the company to:
l Grow from a company with a dozen subsidiaries generating revenues under US$1 billion to one with over sixty global subsidiaries with revenues of over US$15 billion
l Transform itself from a technology follower to the global leader in its major markets
l Raise global competitiveness and integrate manufacturing operations
l Restructure the company to respond to emerging trends as a result of changing customer behaviors
l Complete more than 200 acquisitions for over US$10 billion
l Launch and cultivate new programs focused on growth opportunities
l Maintain an executive turnover rate of less than 4 percent
At the reception, Charles F. Knight, Emerson Chairman, was accompanied by David N. Farr, Emerson CEO and President, Peter Yam, Emerson Greater China President, Dadong Zhao, General Manager Emerson China, representatives from The Commercial Press and Harvard Business Review Chinese Edition, government officials and Emerson’s customers and employees.
“The Emerson management process demonstrates our belief that a series of optimizations could be done to achieve consistent positive results. We hope that this book adds to the broader understanding on management and leadership in a dynamic business environment,” said Knight.
Knight will also deliver a series of speeches at Tsinghua University, Fudan University, and China Europe International Business School. He will highlight the six elements and leadership initiatives in the Emerson management process, including “keep it simple, commitment to planning, strong follow-up and control system, and best operation strategies”. Emerson will distribute to schools and teachers hundreds of copies of the Chinese edition of Knight’s book Performance Without Compromise: How Emerson Consistently Achieves Winning Results for free.
Knight is Emerson’s Chairman Emeritus and was Emerson’s CEO for 27 years. He stepped down from this position in 2000 and retired as chairman in 2004. During his tenure as CEO, the company's sale increased by 16 times to over US$15 billion, and net earnings increased by 18 times to over US$1.4 billion. Davis Dyer, co-author of the book, is the founding director of The Winthrop Group, Inc. He is the author of the Rising Tide: Lessons from 165 Years of Brand-Building at Procter & Gamble published by the Harvard Business School Press in 2004.
Performance Without Compromise Chinese Edition is published by The Commercial Press. If
you’d like to order a copy, please contact Mr. Wang Yibo. Tel No: 86-10-65258899
About Emerson
Emerson (NYSE:EMR), based in St. Louis, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2007 were US$22 billion. For more information, visit www.Emerson.com (Global), www.emerson.com.cn(China).
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