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Title: Secrets of Software Success: Management Insights from 100 Software Firms Around the World by Detlev J. Hoch, Cyriac R. Roeding, Gert Purkert, Sandro K. Kindner, Ralph Muller ISBN: 1-57851-105-4 Publisher: Harvard Business School Press Pub. Date: 01 October, 1999 Format: Hardcover Volumes: 1 List Price(USD): $27.50 |
Average Customer Rating: 3.94 (16 reviews)
Rating: 5
Summary: How to Survive as a Snowball in Hell
Comment: What does it take to thrive in an industry where "more than 60% of companies that make it to IPO eventually go bankrupt or create very little value"? Five young German business consultants decided they needed to know urgently, and have come up with some original conclusions. Not only are the winners significantly different from the also-rans, they are significantly different from successful companies in other industries. The book reads as though the the five authors split up the task of the book between them, and some sections are stronger than others. Whoever did the hard research and formed the major conclusions did a thorough and superb job - the reason for the five stars. The chapter on the technical aspects of producing good products were mostly derivative of Steve McConnell (" Software Project Survival Guide") and Fred Brooks ("Mythical Man Month"). The section on what it takes to attract good employees bordered on the silly, and the thumbnail sketches of such corporations as SAP, Baan and Platinum were uncritical to the point of reading like recruiting brochures. Who would I recommend the book to? Certainly, anybody who's thinking of starting a software company. I'd also recommend it to anyone wanting to invest in hi-tech, and any software professional who's job-hunting. Personally, I'm going to mail my copy to Judge Penfield Jackson.
Rating: 5
Summary: Excellent book for software industry
Comment: This book was exactly what I was waiting for. I good addition to my software industry book collection. I read the whole book in one go, easy to read and good examples
Rating: 4
Summary: Excellent book by Hoch of McKinsey
Comment: Secrets of Software Success goes beyond the dry research papers that appear in the McKinsey Quarterly. Several consultants took upshots from 450 executives and laid them out in a concise and applicable manner. The authors reveal traits that could be implemented at any industry. Software consulting firms lead the industry in customer service and spend 78% of their advertising budget marketing their company name. We see so many software start ups as 95% is intangible capital. Partnerships are used to make up for gaps. Most companies make decisions quickly as they are based on a flat team-based organizational structure. Besides stock options, their culture has successfully overcome factors such as a variety of work styles and high turnover. Almost all companies do daily builds as stress causes 40% of all software errors and late fixes in design could cost 200 times an immediate fix. To conclude, a must read for anyone who wants to be a part of the digitized future.
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