Management Practices of Successful CEOs

Memoir of a Psychological Consultant to Management

Non-Fiction - Business/Finance
282 Pages
Reviewed on 09/04/2021
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    Book Review

Reviewed by Joe Wisinski for Readers' Favorite

Management Practices of Successful CEOs: Memoir of a Psychological Consultant to Management by James P Armatas, Ph.D. is a study of the performance of more than 25 CEOs of major companies. Armatas divided his book into chapters about entrepreneurs, conglomerates, multi-divisional companies, service companies, restaurants, and manufacturers. There is also an appendix about the history of organizational management. Armatas worked for 50 years as a management and personnel consultant for CEOs and their organizations. His book, which he calls a memoir, is built on his extensive experience. He shares his insights into the inner workings of companies as he examines the management style of various organizations and their leaders in detail. This book does not contain the usual management advice; in fact, some runs contrary to standard advice.

Management Practices of Successful CEOs by James P Armatas, Ph.D. should be a college textbook in business management. The book reads like a professor carefully guiding students through the topic. Armatas shows superb insight into what makes the CEOs of major corporations effective or not so effective. Because Armatas looks at management principles not so much as the principles themselves but those who implemented them, readers learn that what matters is the people who run organizations rather than the management principles they implement. This method of making Armatas’s points also makes for an effective, compelling read. Even the advice from CEOs that is not the usual management advice is positive because readers are encouraged to sift through the good and the not-so-good advice. Armatas was critical, and rightly so, of some managers. He noted, for example, that “great men, apparently, don’t always acknowledge the people that contribute to their greatness.”