Scott Davis discussed his book, Lessons from the Titans: What Companies in the New Economy Can Learn from the Great Industrial Giants to Drive Sustainable Success, at MOI Global’s Meet-the-Author Summer Forum 2021.
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Our Meet-the-Author Summer Forum aims to inspire members with reading ideas.
We are delighted to have Alex Gilchrist, a London-based research associate of MOI Global, host the Meet-the-Author Summer Forum 2021.
This conversation is available as an episode of Explore Great Books, a member podcast of MOI Global. (Learn how to access member podcasts.)
About the book:
Three top Wall Street analysts reveal enduring lessons in sustainable success from the great industrial titans―the high-tech companies of their day―to the disruptors that now dominate the economy.
Before Silicon Valley disrupted the world with new technologies and business models, America’s industrial giants paved the way. Companies like General Electric, United Technologies, and Caterpillar were the Google and Amazon of their day, setting gold standards in innovation, growth, and profitability. Today’s leaders can learn a great deal from their successes, as well as their missteps. In this essential guide, three veteran Wall Street analysts reveal timeless lessons from the titans of industry―and offer battle-tested survival tactics for an ever-changing world. You’ll learn:
- how GE became the largest company on earth―only for a culture of arrogance to set in motion the largest collapse in history
- how Boeing reassessed risks, raised profits―and tragically lost its balance
how Danaher avoided the pitfalls of tremendous success―by continually reinventing itself - how Honeywell experienced a near-fatal cultural breakdown―and executed a flawless turnaround
- how Caterpillar relied too much on forecasting, lost billions―and rallied by recommitting to the basics
Filled with illuminating case studies and brilliant in-depth analysis, this invaluable book provides a multitude of insights that will help you weather market upheavals, adapt to disruptions, and optimize your resources to your best advantage. You’ll learn hard-won lessons in innovation, growth, resilience, and operational excellence, as well as the time-proven fundamentals of continuous improvement for lasting success. In the end, you’ll have your own personal toolbox of useful takeaways from more than a century’s worth of data, experience, wisdom, and can-do spirit, courtesy of some of the greatest business enterprises of all time. This is how manufacturers survived the first disruptors of technology―and how today’s giants can survive and thrive during continuous cycles of disruption.
About the author:
Scott Davis serves as Chairman and CEO of Melius Research, where he is also the lead research analyst covering the multi-industry sector. He has 25 years of industrials equity research experience and has covered over 30 multi-industry names with an aggregated market capitalization of approximately $1 trillion.
Davis has led elite research teams for the past 20+ years, ranking in the top decile of all Wall Street analysts in nearly every time period. For the past 17 years, Institutional Investor magazine has recognized Davis as the number one ranked multi-industry analyst on six occasions and within the top three in most of the remaining years. Prior to Melius Research, Davis was a Managing Director and Head of the Global Industrials Research Group first at Morgan Stanley for 16 years then at Barclays Plc for 6 years. He and his work have been cited in hundreds of publications, including the Wall Street Journal, New York Times, Forbes, and Fortune, and he appears regularly on CNBC, Bloomberg, Fox, and CNN.
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