Anders led his company to generate $5 billion in cash in three years through two main strategies. First, he implemented a sharp tightening of operations. This involved bidding only on projects they had a high chance of winning, which led to a drastic decrease in the number of bids but a significant increase in the success rate. Second, he sold off non-core businesses. This, combined with the operational tightening, resulted in a 60% reduction in overall headcount and freed up $2.5 billion.

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The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success

A book that received high praise from Warren Buffett, The Outsiders chronicles the unconventional techniques that led eight CEOs to outperform the S&P...

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In the three years Anders led the company, it generated a remarkable $5 billion in cash. This was from two sources: a sharp tightening of operations and selling off non-core businesses. Anders insisted that the company bid only on projects they had a good chance of winning, and the returns were compelling. The number of bids fell drastically, while the success rate shot up. The overall headcount was cut by 60%. As a result of this, $2.5 billion was freed up.

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The strategies used by Anders in "The Outsiders" have high potential to be implemented in real-world scenarios. These strategies include a sharp tightening of operations and selling off non-core businesses. By insisting that the company bid only on projects they had a good chance of winning, the returns were compelling. The overall headcount was cut by 60%, freeing up significant resources. However, it's important to note that these strategies may not be suitable for all businesses and situations. They require careful consideration and strategic planning.

The themes of "The Outsiders" are highly relevant to contemporary business issues and debates. The book highlights unconventional techniques used by successful CEOs, such as focusing on core businesses, efficient operations, and strategic bidding. These themes are still pertinent today as businesses strive for efficiency, profitability, and competitive advantage. The book's emphasis on radical rationality and unconventional thinking can inspire current and future business leaders to challenge the status quo and innovate.

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