Confronting Reality: Doing What Matters to Get Things Right 
Cisco, 3M, KLM, Home Depot, and the Thomson Corporation are just a few of the companies that Bossidy and Charan examine. To demonstrate how to examine a business using the business model, Bossidy and Charan map out external variables, financial targets, internal activities, and an iteration stage (defined as a time to "make tradeoffs, apply and develop business savvy") to prove how a dynamically evolving business model will help improve performance.
"The version of the business model we have developed is a robust, reality-based process for thinking about the specifics of your business in a holistic way. It shows you how to tie together the financial targets you must meet, the external realities of your business and internal activities such as strategy development, operating tactics, and selection and development of people."
Larry Bossidy, retired chairman and CEO of Honeywell International and Ram Charan, author of What the CEO Wants You to Know and Profitable Growth Is Everyone's Business, have once again shed industrial-strength light on how to run a successful business. --E. Brooke Gilbert
Amazon.com Exclusive Content
Amazon.com Interview: Larry Bossidy and Ram Charan
Larry Bossidy and Ram Charan are back with Confronting Reality to show how companies can succeed if they get back to reality and examine every part of their business. Amazon.com senior editor E. Brooke Gilbert interviewed Bossidy and Charan to discuss the current business climate, their new book, and future projections.
Read the interview.
Larry Bossidy and Ram Charan Discuss the Airline Industry
Larry Bossidy and Ram Charan discuss the airline industry's failure to confront reality based on a recent Wall Sreet Journal article and their new book as a backdrop.
Read their comments.
Reviews
Definately worth the investment to read.
Bossidy and Charan use well-known examples and analyze the pitfalls and successes of these examples (Home Depot, Walmart, Thompson) according to a three-part business model: external environment, internal operations and financial targets. They also show you how to integrate by juggling the three simultaneously!
This was a great introductory book to orient businesspersons of any trade, level and experience to the whole shebang of business.
But. . .
Truthfully, i have read this 'business model' stuff before, with more depth and more analysis. I read the book "The Escher Cycle" by F. Jackson a couple of years back. That book goes into much more detail about most of Bossidy and Charan's three-part business model. Couple that book with "Value Migration" and you'll have a much better handle on the hurly-burly world of business.