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In Search Of Excellence, By Thomas J. Peters And Robert H. Waterman Jr. Harper Row, 10 E. 53rd St., New York, Ny 10022; 360 Pp., $19.95.

 

A host of American companies are held as exemplary, in a readable attempt to define good -- and spotlight bad -- management practice. The cited models include, predictably, those of McDonald's, Hewlett-Packard, IBM, and 3M, among perhaps two dozen other big businesses.