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Martha Stewart Term Paper

Martha Inc. The Incredible Story of Martha Stewart Living Omnimedia Purpose Statement: There are four management principles found in Christopher Byron's Martha Inc.: The Incredible story of Martha Stewart Living Omnimedia.

Main Point: Future managers can obtain success through hard work, determination and understanding marketing and management principles, but all these qualities must be balanced with respect for coworkers, partners and subordinates.

Subpoint- Knowing the market, created a niche and recognizing opportunities are essential to management success.

Conclusion-Martha Stewart's biography shows how hard work and determination got her to the top and how her treatment of coworkers could, in the end, undo her empire.

Book Appreciation Report of Martha Inc.: Martha Inc. The Incredible Story of Martha Stewart Living Omnimedia

Christopher Byron's unauthorized biography of Martha Stewart, Martha Inc. The Incredible...

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The first is that it takes hard work and determination to become successful. In outlining this story Byron tells how the girl from a blue-collar, dysfunctional family from New Jersey, worked her way to star status by recognizing opportunities and knowing how to capitalize on them. The second story which continues after the publication of the book, is that to rise to the top by mistreating and making enemies will eventually come back to haunt you. In the book, Byron shows how Martha turned her back on friends, families and business associates in order to become successful. At press time, the rest of the story had not yet unfolded, Stewart's run-in with the SEC and charges of insider trading.
Martha's philosophy in life appears to be embodied in the inscription under her high school yearbook. It reads, "I do what I please, and I do it…

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With the mindset of unabashed determination; the book shows another essential quality that a manager must develop in order to have a successful career -- working hard. Martha Stewart would not have built her empire without working hard. One paragraph in the book provides a glimpse at what a manager must do in order to become successful:

She could "feed 120 chickens and goats, double-spade the flower beds, spread out 500 pounds of pine bark and peat moss, and not come back inside until everything in sight looked exactly and perfectly like it ought to look. Behind the pretty face lurked the soul of a Polish farmworker. She was focused and determined as the Ohio State football team, which Woody Hayes had said was prepared to grind out the yardage, three yards at a time, and never quit." (Byron, 2002, p. 127).

In addition to a work ethic that includes hard work and determination. Byron offers practical business advice to the future manager. The first is a simple one that marketing classes often stress, "every marketing plan needs what is referred to in business school as a "unique selling point," Norma's and Martha's was this: a catering service set up so as to look as if
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