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Board directors, CEOs, and senior management teams constantly search for the competitive edge that will put their firms on top, sustain profits and increase profit potential.In this book, an employee stock ownership plan (ESOP) will be examined as a way to create distinctive competencies, create lasting competitive advantage, sustain profits and increase profit potential for a global engineering company which for the purposes of this book will be named ENGCO. As such, the book will evaluate ESOP as a strategic management resource. ESOPs unique capacity to eliminate or reduce internal weaknesses, create and reinforce internal strengths, protect against external threats and to help the firm capitalize on external opportunities will be discussed and illustrated.Of primary importance in the strategic process is the identification and creation of distinctive competencies. A distinctive competence is the corporation's unique position with regard to its competition and the company's use of its resources. Strategic management concepts, terminology and analytical methods will be applied in this integrative case study that assesses ESOP as a unique strategic resource.ACKNOWLEDGEMENTI want to acknowledge and thank Parsons Corporation's Chairman, CEO and President Charles Harrington for his contributions and assistance in this book's preparation, particularly with updating the Company's recent decision after 35 years as a 100% ESOP owned Company to again go public in 2019 through the NYSE under a highly successful Initial Public Offering. Harrington has served as Chairman and CEO since 2008 during which time the company has been highly successful and under Harrington's leadership is transforming the Company's business from an engineering and construction company into a technology based company in the high performance defense, intelligence and critical infrastructure markets. Harrington has retained the company's highly successful ESOP culture as well.
This book is about the personal paradigms in our lives - the powerful u n d e r l y i n g concepts and perceptions that shape our future life and how these mold our attitudes toward commitment. The book holds out the promise that these paradigms can be adjusted by personal experiences and work on oneself, including self-examination and the help of outsiders. Finally and ultimately the most important behavior that the book encourages everyone to learn is to live within themselves by discovering their personal boundaries. This means living within their physical, emotional, intellectual, and ¬ financial boundaries in order to reach and enjoy contentment. If you are seeking answers to these questions and conditions for living more comfortably, this book is for you! Author Bob Jack has spent over 40 years of executive experience in leadership involving relationships and financial issues. He has a combined 35 years of married life and 15 years of adult single life in which relationships were a major life experience. During his life he has spent over 20 years with life coaches who are professionals in their ¬ field and who have helped Bob Jack grind away at learning to live within his boundaries while achieving success in both his relationships and his ¬ financial life. Mr. Jack possesses a BA degree with high honors in Economics from California State University at Los Angeles, an MBA degree (Strategic Management) from Azusa Paci¬fic University and a Master of Science degree in advanced management from Claremont Graduate University's Drucker School. Aside from this book, Bob Jack has authored three more books - one about his son Chris, titled a Night in Darkness: The Drug - addicted Child; A Journal on Contract Administration Pitfalls and Solutions on Architect - Engineering Projects and A View from the Eagles Nest - when justice failed. He lives in Las Vegas, Nevada.
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