Last fall Fortune surveyed professors representing the top business schools to find out which books were required reading for their students. These titles are good to know because as stated in the article: “Here are five texts that will help you get up to speed with the next generation of talent.” Read the entire article here, authored by Shalene Gupta.
Stanford – Scaling Up Excellence: Getting to More Without Settling for Less, by Robert Sutton and Huggy Rao
Harvard – Catastrophic Care: Why Everything We Think We Know About Health Care Is Wrong, by David Goldhill
Wharton – On the Edge: The Art of High-Impact Leadership, by Alison Levine
MIT, Insead, Northwestern – Data Science for Business: What You Need to Know About Data Mining and Data-Analytic Thinking, by Foster Provost and Tom Fawcett
Insead, Northwestern – The Risk-Driven Business Model, by Karan Girotra and Serguei Netessine
Photo Credit: 4th of July Fireworks, by Mike Renlund, via Flickr, CC Attribution 2.0 Generic license
Now that the 4th of July weekend is quickly approaching, Bloomberg has provided a great list of suggested titles for summer reading. For the article, “These Are Wall Street’s Must-Read Books of the Summer,” (authored by Julie Verhage), Bloomberg asked a few of Wall Street’s “best and brightest” what books were on their lists for summer reading. Here’s a sampling of titles that are suggested. Click here to read the entire article.
Bill Ackman, founder and chief executive officer of Pershing Square Capital Management:
- Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel and Blake Masters
- Bold: How to Go Big, Create Wealth and Impact the World by Peter H. Diamandis and Steven Kotler
Sallie Krawcheck, former Bank of America and Citigroup executive:
- Go Set A Watchman by Harper Lee (preordered)
- When Paris Went Dark by Ronald C. Rosbottom
Cengage Learning recently conducted an Engagement Insights Survey, where they “asked hundreds of instructors and thousands of students to provide their perspectives on library use and research habits.” This infographic “compares their responses and provides insight into the ways that instructors and students across the United States make use of their campus libraries.”
Ohio University (Online MBA Program) posted this infographic illustrating the benefits of happy employees. “No matter the size of a business, creating stronger engagement among employees and with their superiors will create a happier, faster growing, and more productive workplace.”
Ohio University Online
Forbes contributor Christian Stadler writes an important article entitled, “Should Managers Read Academic Articles,” that discusses the value of academic journals in the world of management and business. He uses Rita McGrath’s popular book, The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business, as an example of a common phenomenon: “Ideas which managers and consultants pick up from successful books have often been discussed in academic journals for years. The problem is that much of that literature is inaccessible to managers. It is full of cumbersome jargon, heavily focused on theory, and there is so much of it that it is hard to find the most relevant articles.” Listed are seven journals that stand out from the others: Academy of Management Journal, Organization Science, Strategic Management Journal, Strategic Entrepreneurship Journal, Journal of Product Innovation Management, and Research Policy. The article makes it clear that accessing and reading academic literature is not necessarily easy. One suggestion on where to go for help is “to approach someone from your field of interest,” such as a professor. “Most professors should be able to point towards a few interesting articles and some will be able to tell you which ideas currently being discussed are most relevant to you.”
Futurist.com has just posted an interesting article on the future of business. These trends “are not the usual suspects regarding technology, AI, robotics and the like.” Here are the five trends summarized (directly quoted).
The nature of motivation – simply working for a paycheck does not suffice for increasing numbers of people
The idea of a basic income – when wage-paying jobs become more scarce the a guaranteed basic income will enable people to pursue personal fulfillment
The role of education – education shifted in past decades from a liberal education to being job centered, but now is poised to back toward learning for personal growth and a well-rounded life
Human capital – as work shifts toward technology then companies and governments may invest less in employee development, leading to a void there and a need to address continuing eduction
Voluntary entrepreneurship – rather than entrepreneurs focused on making big money, with a basic income guarantee entrepreneurs could focus more on simply doing good if that is their passion
Click here to read the entire article.
Jess Whittlestone, writing for Quartz, (May 29, 2015) makes an argument that business books can be misleading by promoting the message “that anyone can be successful if they just understand what it takes, and follow the key steps.” Ultimately, business books can “end up perpetuating a number of harmful misconceptions about what it means to achieve success.” Here are the three misconceptions she outlines:
Misconception #1: The best way to understand high performance is to study successful people and organizations. Example, one big problem with In Search of Excellence, is that the research only looked at successful companies. “Knowing that all successful companies have something in common tells us nothing unless we also know that unsuccessful companies lack those things.”
Misconception #2: Success is a sign of capability. “We might think that as long as we compare successful companies with unsuccessful ones, and ensure our data are uncontaminated by the halo effect, then we can truly uncover the secrets of success. But this relies on a crucial assumption: that success is, in fact, a signal of high capabilities.”
Misconception #3: If we look hard enough, we can find a formula for success. “The key reason there’s no formula for success in business is that success is relative, not absolute.”
Click here to read the entire article.