Authors: Kevin Maney, Jim Collins
ISBN-13: 9780471414636, ISBN-10: 0471414638
Format: Hardcover
Publisher: Wiley, John & Sons, Incorporated
Date Published: April 2003
Edition: (Non-applicable)
KEVIN MANEY is a nationally syndicated, award-winning USA Today technology columnist. He was voted best technology columnist by the business journalism publication TJFR. Marketing Computers magazine has, four times, named him one of the most influential technology columnists. He is also the author of the BusinessWeek bestseller Megamedia Shakeout, from Wiley. Maney lives in Clifton, Virginia, with his wife and two children.
"At just the right moment when we most need it, Maney brings us a penetrating picture of one of the most important figures of the twentieth century, a man whose life teaches us about resiliencyindividual and institutionaland much about what we need to recreate greatness in our own future."
From the Foreword by Jim Collins
IBM is one of the most successful companies in American history; it ushered in the Information Age and dominated the information industry for more than seventy years. Yet the builder of IBM has never been thoroughly examined and brought to life. Now, award-winning journalist Kevin Maney, using thousands of documents never before made public, reveals the lasting achievement of the man who forever changed the world of business.
Watson was the rare businessman who transcended business. His fame and power echoes that of Microsofts Bill Gates today and Standard Oils John D. Rockefeller in an earlier age. Watson, in fact, created the role of the celebrity CEO. On a grander scale, Watson invented the modern concept of the corporate culture, and proved its power to make a company great.
Watsons story plays out on a global stage, intersecting with the major events and people of his time. A business failure as a young man, he rocketed to the top levels of National Cash Register before a federal antitrust trial nearly brought down NCR and seemingly crushed his career. The moment forever shaped Watsons business sensibilities and drove him to reinvent the American corporation. In 1914, he took charge of a struggling little entity called the Computer-Tabulating-Recording Company, infused it with his values, his competitive drive, and his personality quirks, and transformed it into International Business MachinesIBM.
Over and over, Watson made daring bets and won, each time vaulting IBM to a new level of size and power. In the 1920s, when information wasnt obviously going to become a big industry, he bet IBMs future on tabulating machinesthe mechanical forerunners to computers.
In the Depression of the 1930s, Watson pumped money into R&D and kept factories running while most companies slashed budgets and jobs. When Franklin Roosevelts New Deal created massive information demands, IBM was ready to fill them. The companys growth exploded, and Watson became the highest-paid American.
In his later years, Watsons life took a Shakespearean turn. He struggled with his son for power, and stayed on at IBM into his eighties, endangering the empire hed built. He became entangled in controversy by accepting a medal from Nazi Germany, a mistake that haunts his legacy today. In the late 1940s, Watson and Thomas Watson, Jr. guided IBM through the torturous transition from mechanical technology to electronic computers.
With exceptional detail that takes the reader inside business meetings in Watsons office and into his relationships with presidents, business leaders, employees, and family members, Maney tracks Watsons rise from obscure cash register salesman to household name. Maney examines the profound impact Watson had on modern companies, the business lessons learned, and the personal motivations that spurred Watsons frantic energy and inexhaustible drive for success. The Maverick and His Machine for the first time reveals the true character of the man whose visionary leadership laid the foundation for the computer revolution.
The story of Watson's transformation of the disorganized, amorphous Computing-Tabulating-Recording Company into streamlined, world-famous IBM receives a spirited telling by Maney, a USA Today technology columnist. Access to previously unexplored records has provided juicy raw material, including letters and internal memos, to bring America's first celebrity CEO to life in this warts-and-all biography. Watson (1874- 1956) saw the strategic value of corporate culture early and was protective of what he built; Maney argues that the strength of that culture later allowed IBM to survive the potentially devastating effects of Watson's personality flaws. Charismatic, optimistic and generous, Watson was also self-absorbed and psychologically ruthless in getting things done his way. Hard to work for and unable to distinguish between the company and himself, he also behaved like a dictatorial CEO and wreaked havoc with his family. Watson's mania for overreaching peaked when he accepted a decoration from Hitler in 1937 under the deluded impression that Hitler would follow Watson's campaign for world peace through world trade; according to Maney, that episode illustrates how out-of-control Watson's ego had grown. Yet, as Maney makes clear in this timely tale of the man who made information into an industry and discovered the power of corporate culture, Watson wasn't just the best business story at the end of the 1930s; he had become a great American success story that captured the popular imagination. Agent, Sandy Dijkstra. (May)Forecast: Maney's book should hold great appeal not only for avid business readers but also for devotees of the vicissitudes of financial dynasties. That appeal will be supported by a 75,000-copy first printing and a $100,000 ad/promo budget. Copyright 2003 Reed Business Information.
Foreword | xiii | |
Introduction | xvii | |
Prologue | xxi | |
Chapter 1 | Maverick Kindling | 1 |
Chapter 2 | Lit by Flint | 37 |
Chapter 3 | A Mess Spelled C-T-R | 59 |
Chapter 4 | Bringing Up Baby IBM | 91 |
Chapter 5 | Daring and Luck | 127 |
Chapter 6 | Friends, Heroes, Sycophants | 161 |
Chapter 7 | Enemies and Delusions | 199 |
Chapter 8 | King and Castle | 225 |
Chapter 9 | Watson the Second | 259 |
Chapter 10 | Watson's War | 291 |
Chapter 11 | Old Man, New Electronic Age | 327 |
Chapter 12 | World Conquest | 367 |
Chapter 13 | The Maverick and His Humanity | 405 |
Chapter 14 | Generations After | 433 |
Selected Bibliography | 447 | |
Notes | 449 | |
Index | 469 |