Home » Business

Archives For Business

Poke the BoxTakeaway: More inspiration about how to start something new from whatever position you are in.  Godin is about innovation and if we want a strong economy, we need people at all levels that follow through with this book.

Purchase Links: Hardcover, Kindle Edition, Audible.com Audiobook

I am a mixed relationship with Seth Godin.  On the one hand I think that he is very inspirational, a good writer and has been very good at communicating to a large group of people.

But I have been frustrated with some of his concepts in the past.  But there is not a lot controversial in this book.  Essentially, the book is giving people permission to start something new, be innovative and ‘poke the box’ to see if there is a better way to accomplish or create something.

That is really all that the book is about.  It is worth reading because Godin has the ability to really get at the heart of a matter.  Accomplishing something big is about actually starting something, seeing it to the end and learning from failure, then trying something else.

Continue Reading…

The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected WorldTakeaway: It is easy to do more harm than good when working among the poor. Developing people and infrastructure is usually harder, but more important for the long term.

Purchase Links: Hardcover, Paperback, Kindle Edition, Audible.com Audiobook

This is a book that has been on my to read list since it first came out about two years ago. It has a great hook. The author, Jacqueline Novogratz, while working in Africa sees a child wearing her favorite sweater from when she was a teen. She confirms that is actually her sweater and proceeds to show, through her story, the interconnectedness of the world.

This is primarily a memoir. And it is very well written and quite engaging. It is not a new story. A young, idealistic, very talented American goes to Africa and tries to bring opportunity to women in Africa. Novogratz is a banker and business developer. In spite of her youth, she actually had some good background in the banking world. And clearly she is quite bright and hard working. She spends several years working in Africa before returning to the US for grad school.

From grad school she works in the philanthropy world trying to training foundations and philanthropists to give funds to sustainable and business oriented projects, not short term purely charitable projects.

There is also an interesting interaction with Rwanda, before and after the genocide. Clearly genocide in Rwanda shook Novogratz. She had friends and acquaintances on both sides of the genocide. She recounts her meeting with these friends in the years after the genocide as well as brief re-tellings of their stories during the Genocide. Some reviewers of the book think that this section is too disjointed or should not be in the book. As a Christian that believes in the fallenness of humanity, I think it is a good meditation on the limits of human society to ever ‘save’ ourselves. One of the significant issues with charitable work is the mistaken belief that we can save the poor from the their poverty. The reality is that much of what we do actually makes things worse. And the cultural constraints of the community that we are working in, may not work well with our ideas of what it means to be lifted out of poverty.

The last third of the books is about her work starting and working with the Acumen Fund. It is a different type of foundation based on what she learned in Africa and in her worked with others since Africa. Acumen is focused on trying to find businesses and support them to accomplish philanthropic goals through business methods. It’s focused is on what she calls ‘patient investment’. Investments that most investors will not make because the time frame is too long or not a high enough return for the risk. Much of the end section is about people that Acumen Fund’s investments have helped.

In the end, the fight between traditional charity, microcredit, large scale social entrepreneurs and other methods is really not the right question. There are places for all of these methods. The method is not what is important, it is the results of reducing poverty, improving people’s lives and health and empowering people to make their own choices are the real goals.

Derailed: Five Lessons Learned from Catastrophic Failures of Leadership

Takeaway: Derailed is a decent business book on Character.  I support the idea of Nelson Free (buy a hardback, get the ebook and audiobook free) but in this case the audiobook isn’t that great.

Purchase Links: Hardback, Kindle Edition, (don’t buy the audiobook)

I am a fan of Thomas Nelson publishers and its CEO, Michael Hyatt.  I am a frequent reader of his blog and because I read his blog regularly, I have been the recipient of several of his book giveaways.

One of the features I most like about Thomas Nelson is their innovation around publishing.  I know of no other publisher that has done more to make reading convenient to the reader than Thomas Nelson.  I have talked before about their Nelson Free program, but I am going to mention it again.  I had Derailed, for almost a year on my to read pile before I realized it was a Nelson Free book.  Nelson Free is a program that gives away an ebook and an audiobook if you purchase the hardback.  This allows the reader to read in the method they most prefer.  I prefer reading on ebook or listening on audiobook.  But I like to give away hardbacks to friends and family that I think would like the book.  Once I realized Derailed was Nelson Free, I downloaded the audiobook and I will give away the hardback later this week.

Derailed is a good concept.  Profile five highly publicized CEO failures and talk about the reasons for the “Failure of Leadership” and how the reader can avoid those crises.  I like business books and pay some attention to the business world so I was aware of the story of 3 of the 5 CEOs before reading the book.  This book gave more detail about some, but did not mention some details I thought import in at least one profile.  That always raises a few red flags about how much more was not being talked about.  Are these really crises of leadership or is the author picking and choosing in order to prove the point of his book?  Many of the failed leaders followed long time leaders and might have failed even if they were very good leaders, simply because they were not the previous long time leaders.

In the end, it really does not matter if Irwin picked and choose facts.  Irwin suggests that most, if not all leadership problems come from a lack of one or more of four traits: Authenticity, Self-Management, Humility and Courage.  The profiles, while interesting are not really the meat of the book.  If you only have a little time, read the first chapter, and then skip the profiles.  The decription of the charcter issues really is what is important.

____________

In general I like authors to read their own work.  I think that many times, only they can really capture what is really great about the book.  In this case, Tim Irwin is a lousy reader.  I kept being distracted by the loss of flow.  I think I may have liked the book much more if I had read it instead of listened to it.

I have been hearing nuggets about the book Drive fairly regularly since it came out last December.  Finally after yet another positive review from Tony Morgan, I picked it up.

Drive is fascinating, although a little repetitive.  We are told over and over again, that the science of motivation is far from the business of actually motivating people.  That much of what is done in the business and non-profit world to motivate people, cash bonuses, flex time, etc. either does not work to motivate in the ways we think or actually hurts motivation.

I am interested in it this week because I am at a training for staff of the after school program in Chicago that I consult with.  And I have been intentionally thinking about how I could use some of Pink’s insights to change motivation with the after school program.  Frankly, I have mostly come up short.  The basic idea according to Pink is to give workers autonomy to get their work done in the way they want to do it and to focus on what they, as the worker, think is important.

In the non-profit world, the financial incentives are already fairly small.  There are not a lot of bonuses.  But I do think that some of the verbal motivations, organizing around mission and releasing people, allowing people to work their own hours but hold them accountable for results, not the input (hours worked) can be done in a non-profit.   I purchased two copies, one for the after school program and one for my Mother-in-Law (a principal).  Both education and non-profits are specifically mentioned with several examples.  But mostly in negative examples.  For instance, Pink is highly critical of the pay for performance model of education that is catching steam.  He says that people that are motivated by money actually perform worse in the long term than those that are motivated by more intrinsic motivations (like mission, social cohesion, religious motivations, etc.)  While he does not spend a lot of time making positive suggestions about how to re-organize schools for better motivation, he does show why he thinks that pay for performance will actually harm motivation.

This is another fairly short book.  And it could be shorter.  But there is a useful section on intrinsic and extrinsic motivation.  As you could guess, Pink is advocating for intrinsic motivation.  But he is not simply suggesting that you are either intrinsically or extrinsically motivated.  But rather, that you can develop more intrinsic motivation intentionally.  So there is a chapter that has some diagnostics to see how intrinsically motivated you are, and how to increase your intrinsic motivation.

There is also a useful section at the back on the current field of business writing.  If you have not read a lot on business organization, this section will give you great ideas on where to go next.

I do not think that Drive is great writing, although it is not by any means the worst business psychology book I have read.  But I do think that what Pink is talking about helps to explain the weaknesses of the purely rational, capitalistic financial system.  If we were purely rational and financially motivated, we would not have people devote their lives to non-profit or government causes except when they could not do anything else.

I have been hearing about the book Rework in my web circle for a while.  I think John Saddington at Human3rror and ChurchCrunch were first, but also Carlos at RagamuffinSoul and most recently Michael Hyatt.  It was Michael Hyatt’s give away of 50 copies that finally convincenced me to pick a copy up.  I usually do not enter book give aways any more.  I figure I should let others get the books.  

Rework is a business book by the founders of 37signals.  It is an innovative tech company out of Chicago.  They are the creators of Basecamp and a bunch of other software.

Reworks is almost devotional in feel.  The chapters are thematic, with very short (1-2 page) sections that develop on the theme.  The bias of the authors seems to be that while you need to find your way yourself, they can give you some sign posts along the way.  This is not a “5 steps to a better…” book.

Rework is about focus, doing less, but doing it better, getting the product out even if it is not perfect.  They skewer the idea that you learn from mistakes, instead they say, learn from success and follow success.

This is a short book, about 27,000 words.  The authors want to pack a punch, so the book was cut in half from the first complete draft to the final copy.  Much of the paper version is taken up with black and white drawing.  This is not a negative, the drawings really illustrate their points.  Unlike so many business books, and other non-fiction books, the extra has been cut out.  This is not a long article that was expanded to book length.  This was a book length set of ideas that was cut to a little more than novella length.

I am not a business guy.  I am a nanny.  But I do work as a part time consultant for some non-profits.  Many of these same ideas carry over, it is about accomplishing something.  I have bought one copy so far to give away.  I likely will be buying a couple more.  The price is not cheap, full price is $22.  It is only $12 at Amazon.  It is well worth $12.