This week’s book review is Onward by Howard Schultz.
Schultz artfully weaves the story of Starbucks from its humble beginnings, through it’s astronomic growth, it’s desperate decline, and it’s eventual reinvention and re-invigoration. The main focus of the book is the process he led to turn Starbucks back into the customer focused, coffee centered, culture forming icon that it is today. The book is packed with great stories and profound business wisdom.
The book review for this week is Right Away and All at Once by Greg Brenneman.
Brenneman is a highly respected and experienced CEO who has led the turnarounds of many large corporations like Continental Airlines, Home Depot and Burger King (see this past post for more details). He provides some amazing business and personal insights in this book as well as revealing the foundation for his successful business philosophy.
My takeaway from this book is;
Greg Brenneman is one of the best CEOs that you’ve never heard of! He is responsible for the turnaround of firms like Continental Airlines, Home Depot, Burger King and others. He currently is the Chairman, President and CEO of CCMP Capital, an equity investment firm that specializes in making buyout and growth equity investments.
CCMP Capital look for underperforming and undervalued businesses and invest in them in a way that they can control them and turn them around. Although Brenneman is a “low key” leader and doesn’t seek the limelight, he is one of the best business leaders in the marketplace.
He has written the book Right Now and All at Once in which he describes the leadership philosophies that he uses to acquire, lead and turnaround businesses. One of the philosophies he describes is his five step plan to turnaround and grow a business. As he emphasizes in his book, this five step process should be used in all businesses, not just businesses in trouble!