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Beware the Winner's Curse: Victories That Can Sink You and Your Company
by Anandalingam, G.; Lucas, Henry... | HC | VeryGood
US $7.56
ApproximatelyAU $11.45
Condition:
“Former library book; May have limited writing in cover pages. Pages are unmarked. ~ ”... Read moreabout condition
Very good
A book that does not look new and has been read but is in excellent condition. No obvious damage to the cover, with the dust jacket (if applicable) included for hard covers. No missing or damaged pages, no creases or tears, and no underlining/highlighting of text or writing in the margins. May be very minimal identifying marks on the inside cover. Very minimal wear and tear. See the seller’s listing for full details and description of any imperfections.
- Buy It NowBeware the Winner's Curse: Victories That Can Sink You and Your Company
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Estimated between Mon, 28 Jul and Fri, 1 Aug to 94104
Located in: Aurora, Illinois, United States
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eBay item number:146589838862
Item specifics
- Condition
- Very good
- Seller notes
- Binding
- Hardcover
- Weight
- 1 lbs
- Product Group
- Book
- IsTextBook
- No
- ISBN
- 9780195177404
About this product
Product Identifiers
Publisher
Oxford University Press, Incorporated
ISBN-10
0195177401
ISBN-13
9780195177404
eBay Product ID (ePID)
30467207
Product Key Features
Book Title
Beware the Winner's Curse : Victories That Can Sink You and Your Company
Number of Pages
256 Pages
Language
English
Topic
Management, Mergers & Acquisitions
Publication Year
2004
Illustrator
Yes
Genre
Business & Economics
Format
Hardcover
Dimensions
Item Height
0.9 in
Item Weight
17.6 Oz
Item Length
6.3 in
Item Width
9.2 in
Additional Product Features
Intended Audience
Trade
LCCN
2004-002987
Reviews
"Beware the Winner's Curse is an excellent guide for executives whofrequently bid on commercial projects. More than a caution against a recklesspursuit of every opportunity, this book provides a model and a framework tosystematically evaluate each situation on its own merit. Every executive whowants to deploy his resources effectively should read this book." -William E.Steele, Chairman and CEO, Kencast, "Anandalingam and Lucas provide an excellent analysis and a criticalredefinition of the concept of winning. They seriously question conventionalthinking, and provide important ideas for all persons involved in bothoperational and strategic aspects of a business." --Joseph Vithayathil, CEO, BigSur Communications, "In this book, the authors have used an interesting approach in teaching some of the lessons learned in the technology downturn of the early twenty-first century. Beware the Winner's Curse gives us alternative ways of thinking of asset values before we overpay for these assets." -Joseph J.Bonocore, President and CEO, Impresa Technologies, Inc., "Anandalingam and Lucas provide an excellent analysis and a critical redefinition of the concept of winning. They seriously question conventional thinking, and provide important ideas for all persons involved in both operational and strategic aspects of a business." --Joseph Vithayathil, CEO,Big Sur Communications, "In this book, the authors have used an interesting approach in teaching some of the lessons learned in the technology downturn of the early twenty-first century. Beware the Winner's Curse gives us alternative ways of thinking of asset values before we overpay for these assets." -Joseph J. Bonocore, President & CEO, Impresa Technologies, Inc. "Beware the Winner's Curse is a brutally honest review of how often investors lose money when management pursues winning at almost any cost. The authors present abundant examples of corporate hubris that should send shivers down the spine of any director serious about protecting shareowner interests." -Harvey Seegers, former CEO, Global Exchange Services "Beware the Winner's Curse is an excellent guide for executives who frequently bid on commercial projects. More than a caution against a reckless pursuit of every opportunity, this book provides a model and a framework to systematically evaluate each situation on its own merit. Every executive who wants to deploy his resources effectively should read this book." -William E. Steele, Chairman and CEO, Kencast "Anandalingam and Lucas provide an excellent analysis and a critical redefinition of the concept of winning. They seriously question conventional thinking, and provide important ideas for all persons involved in both operational and strategic aspects of a business." --Joseph Vithayathil, CEO, Big Sur Communications, "In this book, the authors have used an interesting approach in teaching some of the lessons learned in the technology downturn of the early twenty-first century.Beware the Winner's Cursegives us alternative ways of thinking of asset values before we overpay for these assets."-Joseph J. Bonocore, President & CEO, Impresa Technologies, Inc. "Beware the Winner's Curseis a brutally honest review of how often investors lose money when management pursues winning at almost any cost. The authors present abundant examples of corporate hubris that should send shivers down the spine of any director serious about protecting shareownerinterests."-Harvey Seegers, former CEO, Global Exchange Services "Beware the Winner's Curseis an excellent guide for executives who frequently bid on commercial projects. More than a caution against a reckless pursuit of every opportunity, this book provides a model and a framework to systematically evaluate each situation on its own merit. Every executive whowants to deploy his resources effectively should read this book."-William E. Steele, Chairman and CEO, Kencast "Anandalingam and Lucas provide an excellent analysis and a critical redefinition of the concept of winning. They seriously question conventional thinking, and provide important ideas for all persons involved in both operational and strategic aspects of a business."--Joseph Vithayathil, CEO, Big Sur Communications, "In this book, the authors have used an interesting approach in teaching some of the lessons learned in the technology downturn of the early twenty-first century. Beware the Winner's Curse gives us alternative ways of thinking of asset values before we overpay for these assets." -Joseph J. Bonocore, President & CEO, Impresa Technologies, Inc."Beware the Winner's Curse is a brutally honest review of how often investors lose money when management pursues winning at almost any cost. The authors present abundant examples of corporate hubris that should send shivers down the spine of any director serious about protecting shareowner interests." -Harvey Seegers, former CEO, Global Exchange Services"Beware the Winner's Curse is an excellent guide for executives who frequently bid on commercial projects. More than a caution against a reckless pursuit of every opportunity, this book provides a model and a framework to systematically evaluate each situation on its own merit. Every executive who wants to deploy his resources effectively should read this book." -William E. Steele, Chairman and CEO, Kencast"Anandalingam and Lucas provide an excellent analysis and a critical redefinition of the concept of winning. They seriously question conventional thinking, and provide important ideas for all persons involved in both operational and strategic aspects of a business." --Joseph Vithayathil, CEO, Big Sur Communications"In this book, the authors have used an interesting approach in teaching some of the lessons learned in the technology downturn of the early twenty-first century. Beware the Winner's Curse gives us alternative ways of thinking of asset values before we overpay for these assets." -Joseph J. Bonocore, President & CEO, Impresa Technologies, Inc."Beware the Winner's Curse is a brutally honest review of how often investors lose money when management pursues winning at almost any cost. The authors present abundant examples of corporate hubris that should send shivers down the spine of any director serious about protecting shareowner interests." -Harvey Seegers, former CEO, Global Exchange Services"Beware the Winner's Curse is an excellent guide for executives who frequently bid on commercial projects. More than a caution against a reckless pursuit of every opportunity, this book provides a model and a framework to systematically evaluate each situation on its own merit. Every executive who wants to deploy his resources effectively should read this book." -William E. Steele, Chairman and CEO, Kencast"Anandalingam and Lucas provide an excellent analysis and a critical redefinition of the concept of winning. They seriously question conventional thinking, and provide important ideas for all persons involved in both operational and strategic aspects of a business." --Joseph Vithayathil, CEO, Big Sur Communications, "In this book, the authors have used an interesting approach in teachingsome of the lessons learned in the technology downturn of the early twenty-firstcentury. Beware the Winner's Curse gives us alternative ways of thinking ofasset values before we overpay for these assets." -Joseph J. Bonocore, Presidentand CEO, Impresa Technologies, Inc., "Beware the Winner's Curse is an excellent guide for executives who frequently bid on commercial projects. More than a caution against a reckless pursuit of every opportunity, this book provides a model and a framework to systematically evaluate each situation on its own merit. Everyexecutive who wants to deploy his resources effectively should read this book." -William E. Steele, Chairman and CEO, Kencast, "In this book, the authors have used an interesting approach in teaching some of the lessons learned in the technology downturn of the early twenty-first century. Beware the Winner's Curse gives us alternative ways of thinking of asset values before we overpay for these assets." -Joseph J. Bonocore, President & CEO, Impresa Technologies, Inc."Beware the Winner's Curse is a brutally honest review of how often investors lose money when management pursues winning at almost any cost. The authors present abundant examples of corporate hubris that should send shivers down the spine of any director serious about protecting shareowner interests." -Harvey Seegers, former CEO, Global Exchange Services"Beware the Winner's Curse is an excellent guide for executives who frequently bid on commercial projects. More than a caution against a reckless pursuit of every opportunity, this book provides a model and a framework to systematically evaluate each situation on its own merit. Every executive who wants to deploy his resources effectively should read this book." -William E. Steele, Chairman and CEO, Kencast"Anandalingam and Lucas provide an excellent analysis and a critical redefinition of the concept of winning. They seriously question conventional thinking, and provide important ideas for all persons involved in both operational and strategic aspects of a business." --Joseph Vithayathil, CEO, Big Sur Communications, "Beware the Winner's Curse is a brutally honest review of how often investors lose money when management pursues winning at almost any cost. The authors present abundant examples of corporate hubris that should send shivers down the spine of any director serious about protecting shareownerinterests." -Harvey Seegers, former CEO, Global Exchange Services, "Beware the Winner's Curse is a brutally honest review of how ofteninvestors lose money when management pursues winning at almost any cost. Theauthors present abundant examples of corporate hubris that should send shiversdown the spine of any director serious about protecting shareowner interests."-Harvey Seegers, former CEO, Global Exchange Services
Dewey Edition
22
Dewey Decimal
658.1/62
Table Of Content
Part I. The Winner's Curse1. Origin of the Winner's Curse2. The Spectrum Auction FiascoPart II: How Psychological and Market Factors Promote the Winner's Curse3. Hubris, and the Urge to Merge and Acquire4. The Curse Can Appear Anywhere5. The Mad Scramble to Acquire Optical Technology6. Dot-coms: On Top of the World for a While7. Winners and Losers in the Securities Industry8. Complacency in the Computer IndustryPart III: How Does One Avoid the Winner's Curse?9. Winning is Not Everything10. Avoiding the Winner's Curse
Synopsis
In the roaring 1990s, many companies seemed to claim great victories-acquiring another company, obtaining state-of-the art technology, or hiring a potential CEO savior-only to find that they had made a great mistake. The term "Winner's Curse" was coined by economists to explain an effect commonly observed in auctions. In such situations, since the winning bidder is usually the most optimistic about the value of the item being auctioned, there is a very good chance that the bid will be more (sometimes much more) than the item is worth. So a company that overvalues a good or service, or bids higher than its value has the potential of experiencing this Winner's Curse. In this book, G. Anandalingam and Henry C. Lucas, Jr. expand the model of the Winner's Curse to explain how companies like Tyco, MCI-WorldCom and Bank One overpaid for acquisitions, and how shareholders suffered as a result. They elucidate the disasters that happened during the rush to acquire new technologies and illuminate the reasons that companies that were seemingly pioneers in the dot-com era fell by the wayside. Beginning by exploring the psychological, personal and market factors that can encourage a decision maker to overvalue an asset and experience the Winner's Curse, the book goes on to examine several case studies, including the disastrous wireless spectrum auctions that have devastated the telecommunications industry, and the dot-com bust. It concludes by discussing ways to avoid the Winner's Curse, calling for major changes in the behavior of CEOs and members of boars of directors, as well as the use of powerful techniques for analyzing decisions, including a systems approach to decision making, scenario analysis and game theory., In the roaring 1990s, many companies seemed to claim great victories-acquiring another company, obtaining state-of-the art technology, or hiring a potential CEO savior-only to find that they had made a great mistake. The term "Winner's Curse" was coined by economists to explain an effect commonly observed in auctions. In such situations, since the winning bidder is usually the most optimistic about the value of the item being auctioned, there is a verygood chance that the bid will be more (sometimes much more) than the item is worth. So a company that overvalues a good or service, or bids higher than its value has the potential of experiencing this Winner'sCurse. In this book, G. Anandalingam and Henry C. Lucas, Jr. expand the model of the Winner's Curse to explain how companies like Tyco, MCI-WorldCom and Bank One overpaid for acquisitions, and how shareholders suffered as a result. They elucidate the disasters that happened during the rush to acquire new technologies and illuminate the reasons that companies that were seemingly pioneers in the dot-com era fell by the wayside. Beginning by exploring the psychological, personal andmarket factors that can encourage a decision maker to overvalue an asset and experience the Winner's Curse, the book goes on to examine several case studies, including the disastrous wireless spectrumauctions that have devastated the telecommunications industry, and the dot-com bust. It concludes by discussing ways to avoid the Winner's Curse, calling for major changes in the behavior of CEOs and members of boars of directors, as well as the use of powerful techniques for analyzing decisions, including a systems approach to decision making, scenario analysis and game theory., In this book, G. Anandalingam and Henry C. Lucas, Jr. expand the model of the Winner's Curse to explain how companies like Tyco, MCI-WorldCom and Bank One overpaid for acquisitions, and how shareholders suffered as a result. They elucidate the disasters that happened during the rush to acquire new technologies and illuminate the reasons that companies that were seemingly pioneers in the dot-com era fell by the wayside. Beginning by exploring the psychological,personal and market factors that can encourage a decision maker to overvalue an asset and experience the Winner's Curse, the book goes on to examine several case studies, including the disastrous wirelessspectrum auctions that have devastated the telecommunications industry, and the dot-com bust. It concludes by discussing ways to avoid the Winner's Curse, calling for major changes in the behavior of CEOs and members of boars of directors, as well as the use of powerful techniques for analyzing decisions, including a systems approach to decision making, scenario analysis and game theory.
LC Classification Number
HD2746.5.A53 2004
Item description from the seller
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- c***m (410)- Feedback left by buyer.Past 6 monthsVerified purchaseWOW!; I cannot believe this 3 Days to Hawaii! ; AAA+++; Excellent Service; Great Pricing; Fast Delivery-Faster Than Expected to Hawaii!; Shipped 05/05, Mon, Received 05/08, Thu to Hawaii using free shipping; USPS Ground Mail, Book in Excellent Condition--Better Than Described ; TLC Packaging; Excellent Seller Communication, Sends updates . Highly Recommended!, Thank you very much!
- v***v (2054)- Feedback left by buyer.Past monthVerified purchaseAlthough this book was not as described, with no picture of it in the listing, the seller communicated well and quickly gave me a full refund while letting me keep it. The minimal packaging left the book a bit vulnerable (typical for ThriftBooks), but it did arrive safely and timely. As usual, it’s hit or miss with this seller, but often times you can get great values, and their customer service is always very good. Many other sellers with millions of transactions don’t even communicate.
- a***r (375)- Feedback left by buyer.Past monthVerified purchasei am so happy to have every book of this series! the price of the book & the shipping is very reasonable! the book was as described & was in excellent condition! it was shipped quickly & arrived quickly! the books are always packaged carefully so they arrived undamaged! the communication from the sellers is always excellent--they go out of their way for excellent customer service! i have been a repeat customer from this seller & always will be! this seller is the best bookseller on ebay!
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Seller feedback (5,687,369)
- c***m (410)- Feedback left by buyer.Past 6 monthsVerified purchaseWOW!; I cannot believe this 3 Days to Hawaii! ; AAA+++; Excellent Service; Great Pricing; Fast Delivery-Faster Than Expected to Hawaii!; Shipped 05/05, Mon, Received 05/08, Thu to Hawaii using free shipping; USPS Ground Mail, Book in Excellent Condition--Better Than Described ; TLC Packaging; Excellent Seller Communication, Sends updates . Highly Recommended!, Thank you very much!
- v***v (2054)- Feedback left by buyer.Past monthVerified purchaseAlthough this book was not as described, with no picture of it in the listing, the seller communicated well and quickly gave me a full refund while letting me keep it. The minimal packaging left the book a bit vulnerable (typical for ThriftBooks), but it did arrive safely and timely. As usual, it’s hit or miss with this seller, but often times you can get great values, and their customer service is always very good. Many other sellers with millions of transactions don’t even communicate.
- a***r (375)- Feedback left by buyer.Past monthVerified purchasei am so happy to have every book of this series! the price of the book & the shipping is very reasonable! the book was as described & was in excellent condition! it was shipped quickly & arrived quickly! the books are always packaged carefully so they arrived undamaged! the communication from the sellers is always excellent--they go out of their way for excellent customer service! i have been a repeat customer from this seller & always will be! this seller is the best bookseller on ebay!