Excellent Reviews of Excellent Books

Review – The Regenerative Business: What is a Regenerative Business? There are a dozen buzzwords describing the modern, desirable company. It is agile, lean, and nimble, disruptively innovative, robust, resilient, antifragile, sustainable and even kind. So what the hell is a regenerative business supposed to be? In the words of author Carol Sanford “Regeneration is a process by which people, institutions, and materials evolve the capacity to fulfill their inherent potential in a world that is constantly changing around them. This can only be accomplished by going back to their roots, their origins, or their foundings to discover what is truly singular or essential about them. Bringing this essential core forward in order to express it as new capacity and relevance is another way to describe the activity of regeneration. In other words, regeneration is the means by which enlightened, disruptive innovation happens.” That’s gibberish. Feel free to introduce fancy concepts like “regeneration”, but please have somewhere in the beginning of your book a chapter that starts with “My idea is about…”, followed by a clear and succinct definition. After reading the entire book, it seems like a regenerative business is one that develops its people and culture to bring…

Review: Bad personal decisions are the leading cause of death, according to a study by Fuqua School researcher Ralph Keeney. So why should you learn making better decisions from a professional poker player, of all persons? In Thinking in Bets, author Annie Duke states that life is a lot more like poker than chess. In chess, both players have complete information. Every piece is visible to both players, and every possible next move is apparent. In poker, players know some of the cards that are in play, but have no information on which cards the opponents hold, or which card will be drawn next. Life is a lot like that, in that you can know yourself but can never be certain about which event will happen next. Making decisions in a poker game is tough, because you only have a part of the available information, and decisions in life are tough for the exact same reason. This paves the way for all sorts of fallacies:   Fallacies to fall for The easiest trap to fall into is to be too sure about something. Many people know that too much sugar makes children hyperactive, that Albert Einstein failed at maths as…

Review: Maybe you have heard about digitalisation? Apparently, it’s something big. But what is it, what does it do, and how will it affect our lives? And why should you read Digital Darwinism instead of all the other books on the topic? Digital Darwinism avoids the usual pitfall of either praising or damning new technologies. In fact, author Tom Goodwin makes a point how this is completely irrelevant. Digitalisation is not about better WiFi chips, or better data storage. It’s about people. People that find new ways to interact with technology.   Benefits, not features Digital Darwinism is a rather provocative book, revealing most ideas we have about digitalisation as misconceptions. Most companies define it as taking their old products and try to internet ‘em up somehow. They would be better off trying to find new and creative ways to fulfill customers’ needs. The emergence of Chief Digital Officers in executive boards actually is a sign that companies don’t fully embrace digitalisation yet. Instead of a transformative force that penetrates all functions and business segments, digitalisation is treated as an attachment, bolted on to the old stuff. An interesting question Digital Darwinism raises is “How would your business look like,…

Review: The book that sparked a movement – a cult, really – and is still cited as the number one resource for learning how to amass wealth. Kiyosaki describes the lessons he learned from young age by his two father figures. His father – the poor Dad – was a teacher, highly educated and holding a well-paid job with the government, who struggled to pay his bills. His friend Mike’s father – the rich Dad – dropped out of school and owned several companies. So, how do you get rich? Buy assets first, then pay your bills. The rest of the book merely elaborates on this simple principle. But if it is that simple, why aren’t more people rich? Because it is not obvious, what is an asset, and what is a liability (so invest in your financial education). It is hard to spot great investments (so invest in your network). And it’s hard to not pay anybody else first (so form a company to buy assets with pre-tax money). Each chapter of Rich Dad, Poor Dad consists of four parts. First, Kiyosaki recites tales from his youth, and what his titular Dads taught him. This is followed by a…