Management Wisdom From The New York Yankees' Dynasty: What Every Manager Can Learn From A Legendary Team's 80-year Winning Streak

Since the 1920's, the New York Yankees have become the most successful sports franchise in history because of the way they manage their talent and their organization. So how do they do it? The Yankees' sustained success can be traced to 14 core management principles, applicable to any business operating today. These principles embrace cultivation of home-grown talent, creation of a culture that demands excellence, pursuit and introduction of the most talented players from outside the organization, promotion of a diversified workforce, and utilization of a productive farm system as currency in making talent deals. Introduction: How Does An Organization Dominate Its Industry For 80 Years? -- Principles For Success: Building And Sustaining A Dynasty -- Leadership Establishes The Foundation -- Cultivate Ownership Values From The Top Down -- Hire The Best Frontline Managers You Can Find -- Formally Recognize Your Informal Leaders -- Processes For Developing And Maintaining A Dynasty -- Set The Bar Higher Than Your People Have Ever Seen It: Quantitative Performance Measures -- Make Organizational Competencies The Heart Of Your Appraisal Process: Qualitative Performance Measures -- Make Everyone On The Team A Talent Scout -- Create A Balance Of Superstars, Stars, And Solid Performers: Assessing And Classifying Your Employees -- Establish Your Talent Strategy And Fill In The Gaps -- Create A Solid Farm System: Train And Develop Your People -- Pay Your People Based On Their Actual And Potential Contribution -- Make The Superstar The Focal Point Of Your Organization -- Design Your Culture For Success -- Scout For A Diverse Talent Pool In Unconventional Places -- Celebrate Your History, Heroes, And Legends: Creating Traditions Of Excellence -- Boldly Promote Your Tradition Of Excellence -- Conclusion -- Appendix: Yankee Championship Teams And Key Player Roles. Lance A. Berger With Dorothy R. Berger. Published Simultaneously In Canada. Includes Index. America's most successful sports dynasty owes much to fourteen core management principles, principles that have been time-tested for eight decades and are at last revealed in a guide for business leaders looking to shape winning teams of their own. The success of the Yankees, like the success of any business organization, begins with its ownership structure.