The saga of Jerome Kerviel causing $7.2 billion in losses for his employer, Societe Generale, is a timely reminder of the enormous shocks that small sparks can set. According to The Wall Street Journal, Mr. Kerviel was so low on the bank's totem pole that some bank executives didn't consider him a trader at all. Nevertheless, Mr. Kerviel persistence in squaring his books and never making big profits or losses eventually caused Societe Generale losses to greatly exceed those sustained by Barings Bank when rouge trader Nick Leeson caused $1.3 billion in losses in 1995.
These are some of the kinds of episodes that are discussed in our new book, The Power of Incremental Advantage: How Incremental Improvements Produce Dramatically Disproportionate Results.
The Power of Incremental Advantage documents how one bullet, one vote, one second, one word, and one inch have shaped history and changed the world.
The Power of Incremental Advantage is replete with strategies, tactics and practical leadership lessons to help you stay one step ahead of your closest competitors. These leadership lessons are supported by well-researched historical examples.