Power Of We C »

Jonathan Tisch is Chairman and CEO of Loews Hotels, and has been at the helm of the company since 1989. He has been instrumental in furthering the development of the hotel chain and its emergence as one of the country's leading luxury hotel companies. At the same time, Tisch is recognized as a preeminent leader of the $555 billion travel and tourism industry. He is Chairman of the Travel Business Roundtable and NYC & Company, the city's official tourism marketing organization, and was formerly vice chair of the Welfare to Work Partnership and chairman of the American Hotel and Lodging Association. Loews Corporation, parent company of Loews Hotels, is one of the largest diversified financial holding companies in the United States, with nearly $80 billion in assets. Tisch believes the best way to create lasting success is through partnerships that empower employees, satisfy customers, contribute to communities, and improve the bottom line.

Karl Weber is a freelance writer specializing in business and current affairs. He is coauthor with Adrian Slywotzky of How to Grow When Markets Don't and How Digital Is Your Business?

"In The Power of We, Jonathan Tisch reminds us again that working together still yields the best results. Jon has spent a lifetime mobilizing people and organizations to get a job done in business and in civic service. His experience, optimism, intelligence, and common sense are reflected in this fresh look at the rewards of partnerships."
—President Bill Clinton

"The Power of We,offers a clear and compelling lesson in how today’s business leaders can create new synergies and gain competitive advantage by learning how to partner successfully."
—Kenneth I. Chenault
Chairman and CEO
American Express Company

"Jon Tisch has lived the strategy he describes in The Power of We, and now this extraordinary man and successful leader shares his strategy with us. Building partnerships at all levels—social, intellectual, and political, as well as entrepreneurial—will be one of the keys to progress in the coming decades. Jon Tisch provides a road map for those who grasp that reality."
—John Sexton
President, New York University

"Being a leader requires vision, focus, and influence. Jonathan Tisch has exhibited all three in this great body of work about what it takes to be a partner and something bigger than yourself. The Power of We is a must read."
—Pat Riley
President, The Miami HEAT

"Coming together is a beginning. Keeping together is progress. Working together is success."
—Henry Ford
American industrialist

In these challenging times for American business, it’s easy to get trapped in an "everyone for themselves" mentality. But in today’s complex world, no single organization is capable of mobilizing all the resources required to accomplish everything it needs to do. The key to success: smart partnerships with individuals, community groups, and other organizations. Yet few leaders have mastered the vital art of partnering.

In The Power of We, Jonathan Tisch, one of today’s most imaginative and influential executives, along with business writer Karl Weber, explains how to achieve lasting success through creative partnerships. In his appealing and personal style, Tisch discusses how he developed his leadership philosophy through a lifetime of adventures in the travel and tourism industry, and shows how it can be applied anywhere—not only in business, but also in community service, government, and everyday life.

Filled with in-depth insight and practical advice, The Power of We, explains the "Power of Partnerships" approach, focusing on six types of partnerships—your partnership with employees, customers, communities where you operate, other businesses, the government, and owners. You’ll learn how partnerships can help you:

• Eliminate or reduce obstacles by converting potential adversaries and enemies into allies and friends
• Expand your reach into markets and suppliers by gaining contacts, connections, and channels of communication beyond those you own
• Access resources, talents, and strengths controlled by other companies and organizations, thereby multiplying your capabilities and compensating for your limitations
• Align the interests of your organization with those of a broader community, so that anything that benefits one of your partners benefits you
• Reduce the amount of time, energy, and money that must be devoted to conflict resolution and stress management, freeing up resources for more productive pursuits
• Make your organization a more positive, ethical, and friendly place to work, which attracts better employees

Entertaining, informative, and filled with unique, revealing, and sometimes hilarious stories, The Power of We shows how bringing people together around common goals can make life in business both fun and deeply rewarding.

Publishers Weekly

The CEO of Loews Hotels, Tisch preaches a management philosophy of cooperation: forging partnerships with employees, customers, shareholders and communities. A skeptical reader will ask what kind of partnership leaves the author heir to a $21-billion fortune while most of his employee-partners make less than $21,000 per year; the author addresses this question head-on, leaving the executive suite and performing the entry-level jobs in Loews hotels: cleaning, cooking, serving, repairing and checking guests in. The difficulty of these jobs reinforces "how crucial it is for top management to give the front-line people the tools, resources, and freedom they need to carry out their demanding jobs." He also confronts a union-busting reputation with a set of arguments for and against organized labor. The result is inspiring as an account of the way businesses should be run, but not entirely convincing as an account of the way Loews is actually run: Tisch describes at length how uncomfortable and humiliating the front-line employee uniforms are but he doesn't consider changing them because they are cheap to launder. Accounts from other executives who practice partnership management argue strongly for the ideas; this book as a whole gives explicit examples and recipes for applying them with an entertaining mix of analysis and stories. (Sept.) Copyright 2004 Reed Business Information.