Some
time after starting out as an academic in the field of strategy, I became aware
of the fact that strategists thought and acted as if board members and
shareholders simply did not exist—executives made strategy. The
revelatory moment for me came when I tested this conception of the world
against the reality that I knew, Europe and family business, settings where shareholders
in particular have always played a critical role in deciding on the direction
of the firm. Ever since, I have made it my mission—in research, in
teaching, and in consulting—to make sure that strategy and governance
questions are always raised at the same time.
This is one of the very few books about corporate governance that provides truly useful, non-obvious tools for improving performance. Starting with a very good exposition of the challenges of modern corporate governance, Martin Hilb offers a variety of charts, self-tests, and questions for reflection that help owners, board members, and executives come to grips with their different roles in directing and controlling the firm. The situations discussed and the advice offered are relevant for listed and private companies – the best short primer on how to apply corporate governance.
In the 5th edition of this successful book Martin Hilb presents an innovative and integrated approach to the theory and practice of corporate governance. Central to this approach is a set of instruments - developed and tested by the author - that can be used by boards to offer effective strategic direction and control to their organizations. The board instruments can be readily applied to the selection, review, remuneration and development of board members, and for conducting board self-evaluations. This new approach to corporate governance is based on four guiding principles: keep it situational, keep it strategic, keep it integrated,…
I’ve heard a saying whose source I can’t quite track down: “Few people can be convinced by reasoning, but many can be influenced by a good story.” Matt Bell’s Appleseed is precisely the kind of story that can influence our worldview. Blending mythology, science fiction, and apocalyptic thriller, this epic novel explores the complex relationship between nature and humanity. The novel unfolds through three interconnected plotlines. The first is set in the 18th century, where two half-brothers plant apple trees across the uninhabited Ohio frontier. Inspired by early settlers, their ambition is to maximize the land’s productivity. The second plotline takes place in the near future, where a powerful corporation attempts to reverse global warming. To do so, it convinces the U.S. government to abandon the western half of the country, relocating citizens to the east and conscripting them into indentured servitude to farm modified plants and animals. The goal:…
A NEW YORK TIMES NOTABLE BOOK · A PHILADELPHIA INQUIRER BEST OF THE YEAR
“Woven together out of the strands of myth, science fiction, and ecological warning, Matt Bell’s Appleseed is as urgent as it is audacious.” —Kelly Link, Pulitzer Prize finalist and national bestselling author of Get in Trouble
A “breathtaking novel of ideas unlike anything you’ve ever read” (Esquire) from Young Lions Fiction Award–finalist Matt Bell, a breakout book that explores climate change, manifest destiny, humanity’s unchecked exploitation of natural resources, and the small but powerful magic contained within every single apple.
Since childhood, I’ve been a consumer of fiction entertainment. I’m a fan of comic books, anime, television series, fiction books, movies, video games, etc. Influenced by all of these forms of storytelling, I seek to entertain people with my science fiction books and help take their minds off their troubles. At a young age, I also realized fiction can be a gateway into exploring and bringing awareness to crucial issues. With an MFA from Howard University, I’m naturally a creative person, and if I’m not creating, I’m not living. I hope readers will check out my latest book, and best so far, Republic Falling: Advent of a New Dawn.
What I found unique about Deal with the Devilwas that it was written by two authors who specialize in writing steamy romance books, who, together, go by the pen name Kit Rocha. Genetically and cybernetically enhanced humans has always been one of my favorite sci-fi concepts. This book has two teams of enhanced humans. There is Nina and her all-female crew, who are the book’s main characters, and there is Knox and his all-male crew. I enjoyed learning about the different abilities and troubled pasts of these characters. And with the setting being in a dystopian environment, another concept I enjoy, coupled with the book having all the spiciness and sensuality you'd usually find in an urban fantasy novel, this sci-fi story was intriguing. I believe it will be a winner for adult male and female readers.
Deal with the Devil is Orphan Black meets the post-apocalyptic Avengers by USA Today and New York Times bestselling author duo Kit Rocha.
Nina is an information broker with a mission--she and her team of mercenary librarians use their knowledge to save the hopeless in a crumbling America.
Knox is the bitter, battle-weary captain of the Silver Devils. His squad of supersoldiers went AWOL to avoid slaughtering innocents, and now he's fighting to survive.
They're on a deadly collision course, and the passion that flares between them only makes it more dangerous. They could burn down the world, destroying each…
As an investor and a professional business valuation specialist, I have a passion for understanding the true intrinsic value of both publicly-traded and closely-held (private) companies. There’s no denying that Warren Buffett, emulating the example of his mentor Benjamin Graham, applied a private company valuation approach to the selection of publicly-traded stocks and the results speak for themselves. Furthermore, given my somewhat technical educational and vocational background, I am more comfortable than most valuators with highly technical and IP-weighted businesses. That is why I consider IP valuation to be an integral element of business valuation.
The process of business valuation lies at the core of value investing. That’s what Damodaran, longtime Professor of Finance at NYU, addresses in this book. An excellent distillation of the key business valuation approaches that are most relevant for investment, The Little Book of Valuation will make the valuation work less daunting and less arduous for the lay investor of the 21st century.
As well, like the two previous books, this book also underscores the fact that, without a systematic approach to valuing publicly-traded stocks as if they were private companies, proper value investing is not even possible, let alone profitable. Perhaps to underscore this truth, one of the recommendation blurbs is provided by Shannon Pratt, one of the leading gurus of private business valuation and the author of my 4th book pick.
An accessible, and intuitive, guide to stock valuation Valuation is at the heart of any investment decision, whether that decision is to buy, sell, or hold. In The Little Book of Valuation, expert Aswath Damodaran explains the techniques in language that any investors can understand, so you can make better investment decisions when reviewing stock research reports and engaging in independent efforts to value and pick stocks. Page by page, Damodaran distills the fundamentals of valuation, without glossing over or ignoring key concepts, and develops models that you can easily understand and use. Along the way, he covers various valuation…
Sarah Kaplan is Distinguished Professor and Director of the Institute for Gender and the Economy at the University of Toronto’s Rotman School of Management. She is the author of the bestseller Creative Destruction: Why Companies That Are Built to Last Underperform the Market—And How to Successfully Transform Them and The 360º Corporation: From Stakeholder Trade-offs to Transformation, both address the challenges of innovation and organizational change in society. She frequently speaks and appears in the media on topics related to achieving a more inclusive economy and corporate governance reform. Formerly a professor at the Wharton School and a consultant at McKinsey & Company, she earned her PhD at MIT’s Sloan School of Management.
Stout’s book was an early salvo in the current debate about shareholder primacy that opened the way for many who have followed in her footsteps. In this carefully argued book, she disputes the argument that corporate boards are required by law to put the shareholder first, pointing out flaws in legal interpretations that have supported a damaging consensus view. In debunking the shareholder value myth, she shows that the obsessive focus on financial returns has led to dangerous short-termism in which corporate leaders pursue quarterly earnings to the disadvantage of investments that would not only improve social outcomes but also lead to better long term performance. She also demonstrates that shareholders hold many values, only one of which might be financial returns. In this regard, she was a vanguard of the accelerating focus of institutional investors on “stewardship” of the environmental and social impacts of their investments.
“Shareholder value is the dumbest idea in the world.” —Jack Welch
Executives, investors, and the business press routinely chant the mantra that corporations are required to “maximize shareholder value.” In this pathbreaking book, renowned corporate expert Lynn Stout debunks the myth that corporate law mandates shareholder primacy. Stout shows how shareholder value thinking endangers not only investors but the rest of us as well, leading managers to focus myopically on short-term earnings; discouraging investment and innovation; harming employees, customers, and communities; and causing companies to indulge in reckless, sociopathic, and irresponsible behaviors. And she looks at new models of corporate…
I am researching how elites and societies in Russia and East Central Europe have adapted to the social, political, and economic transformation processes following the end of Communism. What fascinates me about this topic is understanding why many of these countries continued to fall back to the same patterns of re-autocratization as they did during the Communist times. My answer is that it is because many institutions and elites in these regions have continued certain policies and behaviors from Communist times, which are still affecting their politics and economics. I also examine the impact of the transformational shock on Russia's international revisionism and democratic backsliding across the region.
This book is fascinating because it shows how underlying informal political structures remained the same even after empires and political regimes collapsed.
Ledeneva explores the nature of the informal patronal networks connecting Russian elites and how that explains the persistent non-democratic dynamic over time and under various contexts. This book sheds light on the informal nature of Russian politics.
During the Soviet era, blat-the use of personal networks for obtaining goods and services in short supply and for circumventing formal procedures-was necessary to compensate for the inefficiencies of socialism. The collapse of the Soviet Union produced a new generation of informal practices. In How Russia Really Works, Alena V. Ledeneva explores practices in politics, business, media, and the legal sphere in Russia in the 1990s-from the hiring of firms to create negative publicity about one's competitors, to inventing novel schemes of tax evasion and engaging in "alternative" techniques of contract and law enforcement. She discovers ingenuity, wit, and vigor…
Hermann Simon is a world-renowned expert on price and profit management. He is the founder and honorary chairman of Simon-Kucher & Partners, the global leader in price and topline consulting with 1700 employees and 41 offices worldwide. He is the only German in the Thinkers50 Hall of Fame of the most influential management thinkers. In China a business school is named in his honor. Profit is at the core of Hermann’s writing and consulting activities.
This book addresses the highly topical discussion on the potential conflict between profit and purpose, fueled in particular by the 2019 Business Roundtable guidelines. In this sense, it is not a pure profit book but seeks to balance the social and financial goals of a company. Anyone who wants to have a qualified say in the current discussion about profit and purpose should read this book.
A Financial Times Book of the Year 2020! Should companies be run for profit or purpose? In this ground-breaking book, acclaimed finance professor and TED speaker Alex Edmans shows it's not an either-or choice. Drawing from real-life examples spanning industries and countries, Edmans demonstrates that purpose-driven businesses are consistently more successful in the long-term. But a purposeful company must navigate difficult trade-offs and take tough decisions. Edmans provides a roadmap for company leaders to put purpose into practice, and overcome the hurdles that hold many back. He explains how investors can discern which companies are truly purposeful and how to…
I love dystopian novels because they allow us to explore our fears and follow those pesky what-ifs floating around our heads to their most extreme conclusions. Often, when I talk to people about dystopian literature, their minds go straight to the classics such as 1984, The Handmaid's Tale, or Fahrenheit 451. While these are timeless and amazing books, there have been so many ground-breaking dystopian novels written in the past five years that you won't want to miss.
I adored this fast-paced near-future dystopian book by debut author Tal M. Klein. Prepare to be thrown into an innovative world where teleportation is the primary means of travel, and people don't think twice before taking advantage of this convenience. Though, as we soon find out, maybe they should.
There are so many fun tidbits in this novel such as nanotechnology and genetically engineered mosquitoes that help clean the air. You'll also find plenty of nostalgic references for fans of books such as Ready Player One. Prepare for engaging characters, unique worldbuilding, thought-provoking philosophical questions, and plenty of twists to keep you guessing.
Dubbed the “next Ready Player One,” by former Warner Brothers President Greg Silverman, and now in film development at Lionsgate.
"Featuring themes similar to Blake Crouch’s Dark Matter, the dense sci-fi feel of a Michael Crichton thriller and clever Douglas Adams-like charm, the book posits an intriguing future that is both inviting and horrific." ―Brian Truitt, USA TODAY
It's the year 2147. Advancements in nanotechnology have enabled us to control aging. We’ve genetically engineered mosquitoes to feast on carbon fumes instead of blood, ending air pollution. And teleportation has become the ideal mode of transportation, offered exclusively by International Transport―the…
I grew up in Uganda and Kenya, and when I moved to the United States, I felt separated from myself. Learning how to be American was exhausting and so I disappeared into books. I’m now more settled, but I still travel through fiction. These days, I am reading fiction by African women. You should be, too! There is so much stunning literature out there. These five books are just the beginning, but they are novels I can’t stop thinking about.
What does environmental racism look like? ReadHow Beautiful We Wereby Imobolo Mbue for a vital, searing answer. An American oil company is destroying the land and water of the fictional village of Kosawa. Children are dying. The company does this because they can, spouting only empty words about restitution. The novel narrates the village’s fight back, using alternating points of view to electric, pulsing effect.
'Sweeping and quietly devastating' New York Times 'A David and Goliath story for our times' O, the Oprah Magazine
Set in the fictional African village of Kosawa, this is the story of a people living in fear amidst environmental degradation wrought by an American oil company. Pipeline spills have rendered farmlands infertile. Children are dying from drinking toxic water. Promises of clean-up and financial reparations are made - and broken. Left with few choices, the people of Kosawa decide to fight back. But it will come at a steep price - one which generation after generation…
Conflict and disagreement have always interested me. I was a middle child, so I naturally fell into the role of peacemaker. But I also had strong opinions, and I always thought I knew the right answer. The pursuit of education, love, and a career brought me to rural Montana, an Asian metropolis, and everywhere in between. These experiences deepened my fascination regarding how people could have such different beliefs, and how we are to live together despite those differences. A PhD in Science and Technology Studies, supervised by a political scientist, sent me on the path to diagnosing what ails American democracy, and what the cure might be.
This book is a classic. I recommend it to all my students. While the events discussed are dated: Three Mile Island, silicone breast implants, the Exxon Valdez oil spill, I found the lessons to be perennial.
Lawrence Susskind and Patrick Field show that when companies or government agencies focus on defending themselves during a crisis and fail to take responsibility, public confidence is only further eroded. I really enjoyed that, in the end, Dealing with an Angry Public is a practical guide to restoring and keeping trust, one that professionals in nuclear energy, public health, and other controversial fields would do well to read and understand.
Some portion of the American public will react negatively to almost any new corporate initiative, as Disney discovered when it announced its plans to build an historical theme park in Virginia. Similarly, government efforts to change policy or shift budget priorities are invariably met with stiff resistance. In this enormously practical book, Lawrence Susskind and Patrick Field analyze scores of both private and public-sector cases, as well as crisis scenarios such as the Alaskan oil spill, the silicone breast implant controversy, and nuclear plant malfunction at Three Mile Island. They show how resistance to both public and private initiatives can…
