MANAGEMENT WISDOM FROM THE NEW YORK YANKEES’ DYNASTY

At the heart of the New York Yankees’ dynasty is the organization’s incredible track record in managing talent. The Yankees know how to find, nurture and retain baseball stars and superstars better than anyone else.

Author Lance Berger is a management consultant to Fortune 500 com- panies and has served as a consultant to Major League Baseball. After looking deeply into the history of the Yankees’ organization, Berger discov- ered that many of the same principles that made the Yankees great were also driving the success of business clients. These core principles are based on leadership, processes and culture, and have evolved over the past eight decades during the team’s remarkable history.

In this summary, Berger offers time-tested management techniques that can turn any team — in sports or in business — into a long-term winner. He also shows that, contrary to popular belief, the Yankees’ talent management secret isn’ t their payroll. In fact, most Yankees superstars — including such greats as Lou Gehrig, Mickey Mantle, Derek Jeter and Bernie Williams — have been developed internally, not bought or traded from other teams. The Yankees’ secret weapon is the sophisticated talent management system Berger describes.

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