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Insights from Remarkable Business People (Collections) by FT Press Delivers

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No Company Runs Itself

Michael F. Golden

From my first day at Smith & Wesson, I knew that this 150-year-old company had leadership problems. It was a legendary brand with dedicated, hardworking employees. But when one of them told me in all earnestness that the company “kind of runs itself,” I knew there was no one at the top setting direction.

No business runs itself, not even one with Smith & Wesson’s considerable assets. If there was any unsupervised running going on, it was an old and storied organization running itself in circles to nowhere. Five years later, I can happily report that Smith & Wesson is back where it belongs, in position as ...

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