Research Paper on:
8 Successful Company Attributes and In Search of Excellence by Peters and Waterman

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the minimal effort to survive. Peters and Watermans In Search of Excellence: Lessons from Americas Best-Run Companies is a timely and forthcoming reminder to the entire business sector that  complacency in any form is equal to sure death. The authors clearly and concisely categorize the eight most important factors found in some of the most successful global companies;  by following their lead, businesses of all types and sizes can benefit from Peters and Watermans insight. II. THE EIGHT ATTRIBUTES The  current trend within the fundamental basis of business operations is to establish a sense of empowerment, both from within and without the company, so as to implement an effectively working  company performance. However, in order to achieve the highest plateau in relation to quality, an organizations culture must first be identified, addressed and then consolidated if it lacks the  necessary characteristics inherent to such stellar performance. What it all comes down to in a word is people. People comprise an organizations culture, as well as whether or  not the business will succeed or fail; without proper stimulation for the former, an employee base can prove poisonous to a companys aspirations. According to Peters and Waterman, the  following eight attributes must be incorporated in order to achieve this objective: 1. A bias for action. 2. Close to the customer 3. Autonomy and entrepreneurship 4. Productivity through  people 5. Hands-on and value driven management 6. Operate businesses they know 7. Simple organizational structure and lean staff 8. Excellent companies are simultaneously centralized and decentralized (Peters et al  PG). Stagnancy breeds complacency, and complacency is the fastest way to corporate demise. By applying a bias for action, companies are