How to Build an Empire: Glock’s Secret Path to Profits
A fascinating look inside the Glock empire and how it grew from Businessweek:
Glock’s Secret Path to Profits
It’s the largest supplier of handguns to law enforcement in the U.S. But behind its success lies a troubling tale of business intrigue.
Gaston Glock, an Austrian manufacturer of shovels and knives, had an improbable dream: He would make a fortune selling handguns in America. In the early 1980s, Glock, a self-taught firearm designer, produced an innovative pistol for the Austrian military. He then devised a plan for promoting his invention in the U.S., the world’s richest gun market. First, he’d persuade American police they needed a lightweight weapon with more ammunition than traditional revolvers. Then he’d use his law enforcement bona fides to win over private gun buyers.
Call Me Ted by Ted Turner
Ted Turner’s new autobiography, Call Me Ted, hits the book stores next week. Ted Turner is one of the most colorful members of the billionaire class by far. Not only that, he is also one of the most brilliant when it comes to value creation. While most billionaires focus on one or two industries, Turner has been successful across a broad range of industries. Not only that, but he can combine two seemingly unconnected assets from totally unrelated industries to create value.
If you want to learn about billionaires, you can’t go wrong by starting with the inimitable Ted Turner.