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Grow

How Ideals Power Growth and Profit at the World's Greatest Companies

This book can be downloaded and read in iBooks on your Mac or iOS device.

Description

Ten years of research uncover the secret source of growth and profit …

Those who center their business on improving people’s lives have a growth rate triple that of competitors and outperform the market by a huge margin. They dominate their categories, create new categories and maximize profit in the long term.

Pulling from a unique ten year growth study involving 50,000 brands, Jim Stengel shows how the world's 50 best businesses—as diverse as Method, Red Bull, Lindt, Petrobras, Samsung, Discovery Communications, Visa, Zappos, and Innocent—have a cause and effect relationship between financial performance and their ability to connect with fundamental human emotions, hopes, values and greater purposes.   In fact, over the 2000s an investment in these companies—“The Stengel 50”—would have been 400 percent more profitable than an investment in the S&P 500.  

Grow is based on unprecedented empirical research, inspired (when Stengel was Global Marketing Officer of Procter & Gamble) by a study of companies growing faster than P&G.  After leaving P&G in 2008, Stengel designed a new study, in collaboration with global research firm Millward Brown Optimor.  This study tracked the connection over a ten year period between financial performance and customer engagement, loyalty and advocacy.

Then, in a further investigation of what goes on in the “black box” of the consumer’s mind, Stengel and his team tapped into neuroscience research to look at customer engagement and measure subconscious attitudes to determine whether the top businesses in the Stengel Study were more associated with higher ideals than were others.
 
Grow thus deftly blends timeless truths about human behavior and values into an action framework – how you discover, build, communicate, deliver and evaluate your ideal. Through colorful stories drawn from his fascinating personal experiences and “deep dives” that bring out the true reasons for such successes as the Pampers, HP, Discovery Channel, Jack Daniels and Zappos,  Grow unlocks the code for twenty-first century business success.

From the Hardcover edition.

From Publishers Weekly

Oct 24, 2011 – Profit and ethical behavior need not stand in opposition, argues management consultant Stengel; in fact, maximum growth and high ideals are inseparable. Companies with ideals of improving people s lives at the center of all they do outperform the market by a huge margin. During his time at Procter & Gamble, he conceived and executed the Stengel Study of Business Growth, a 10-year-growth survey of more than 50,000 businesses around the world. The study identified 50 brands with extraordinary growth: retailers, luxury brands, and high-technology enterprises. His analysis suggests that those companies ideals have positively influenced their success that they have a brand ideal, a shared goal of improving people s lives. To back this up, he presents stories from his own career and also case studies of such strong brands as Method, Jack Daniels, and Zappos. He presents must-dos for companies hoping to turn their ideals into gold. While his points are solid and it s comforting to know that there s a connection between a company s desire to improve people s lives and their bottom line, the real content is slim and repetitive.

Customer Reviews

Grow

Awesome perspective to enable sustainable business growth!

Captures the Essence of Marketing

This book truly captures the essence of marketing towards an ideal. With an easy going style and a rapid pace, Stengel communicates his own life experiences as well as anecdotes of successful businesses with strong ideals. A must-read for marketers and CEOs or any who are interested in strengthening their own brand.

Required reading for any decision-maker

Had the pleasure of hearing Jim speak at a marketing summit well before this came out. His approach and research should be required reading for anyone in business today who is eager and empowered to make a change. It is one of those things you want to harness, introduce to your organization and keep from competitors.
Well researched and well written.

Grow
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  • $12.99
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Management & Leadership
  • Published: Dec 27, 2011
  • Publisher: The Crown Publishing Group
  • Seller: Penguin Random House LLC
  • Print Length: 336 Pages
  • Language: English
  • Requirements: To view this book, you must have an iOS device with iBooks 1.3.1 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

Customer Ratings

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