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The astonishing inside story of how Bud Light lost its position as the most popular beer in the United States from a longtime Anheuser-Busch executive. Anson Frericks, a former president at Anheuser-Busch—formerly the home of America’s most popular brewery—watched as the company unraveled at the hands of globe-trotting financiers and progressive middle management. Rather than pursue shareholder profits, Anheuser-Busch suddenly became focused on stakeholder capitalism and the vague mandates of environment, social, and governance (ESG). This ill-advised change cumulated in the shocking evaporation of $30 billion in market cap after releasing an advertising campaign starring political activist Dylan Mulvaney. Now, Anheuser-Busch’s evolution and its subsequent fallout is brought to light as never before with this ultimate insider’s look. Compelling, candid, and eye-opening, Last Call for Bud Light is the unforgettable story of the downfall and future of an American icon.
Finished this book in one sitting - what a fun read. Anson is going to be a prolific writer, I can already tell."Last Call for Bud Light" is a cautionary tale that should be required reading for anyone in business. It's a stark reminder of how a company, once a dominant market leader, can stumble and lose its way. The book meticulously chronicles the decline of Anheuser-Busch, the brewer of Bud Light, after it shifted its focus from profits to stakeholder capitalism.Anson provides an insider's perspective on how the company's pursuit of politics and stakeholder (vs shareholder) initiatives and social activism alienated its core customer base and ultimately led to a significant loss in market share and value (almost 70%!!!)This isn't just a story about beer; it's a story about business strategy, brand management, and the importance of understanding your customer. It's a story about the dangers of prioritizing social agendas over shareholder value and the long-term consequences of losing sight of your core mission."Last Call for Bud Light" is a wake-up call for businesses of all sizes. It's a reminder that while social responsibility is important, it should never come at the expense of profitability and customer satisfaction. This book is essential reading for anyone who wants to understand the challenges of navigating the complex landscape of modern business and the importance of staying true to your brand and your customers.