Saturday, March 2, 2019

New and Forthcoming Business Books


 Here's a quick summary of a variety of recent and forthcoming business related books:

CRACK THE FUNDING CODE by Judy Robinett explains “How Investors Think and What They Need to Hear to Fund Your Startup.”  The preface, written by Kevin Harrington of Shark Tank is filled with some amazing statistics in that he estimates he has heard roughly 50,000 pitches, funded about 800 of them and saw 150 actually make money. Both he and Robinett stress the importance of packaging a concept so as to “pitch to investors’ needs” (be they profit margins, sales volume, etc.). Robinett begins with a section on how to think like an investor and then segues to finding the right investors, what investors are looking for, and closing the deal.  She also includes several helpful appendices with information on “power connecting,” a strong pitch deck example, and a due diligence checklist. CRACK THE FUNDING CODE should be a particularly valuable for those, like our Entrepreneur class students, who are seeking funding for new and innovative ideas.(Jan. 2019; Amacom)
 
THE WISE ADVOCATE by Art Kleiner, Jeffrey Schwartz, and Josie Thomson focuses on Strategic Leadership, particularly in relation to what we know about neuro-science and how are brains work.  The authors describe a wise advocate as “the person who believes, and can inspire others to believe, that the problem is worth solving; that it cannot be solved in conventional ways; … that a new way of looking at things is available to them; and that they can all make a difference together if they act on this belief.” Two types of leadership – transactional (“exchanging gratifications”) and transformative (more adaptive and strategic) – are discussed. Given increasingly complex issues and problems, they recommend calling on the “inner wise advocate” and use a variety of scenarios (from running a large international plant to personal setbacks at work) in order to illustrate their points about the need to reframe and think differently about a situation. Throughout the text, they emphasize “habits of mind” which will lead to better decisions and outcomes. (Jan. 2019, Columbia UP)


Mihir Desai is the Mizuho Financial Group Professor of Finance at Harvard Business School, and his latest text, HOW FINANCE WORKS, is filled with charts, diagrams and equations.  As such, Desai takes a complicated subject about which he is very knowledgeable and tries to simplify it for those who are relatively new to the discipline. Building on his almost two decades of teaching experience, he deftly employs interactive exercises and case studies to prompt questioning and learning. Desai is also the author of Wisdom of Finance (2017), which was long-listed for the Financial Times & McKinsey Business Book of the Year Award.  (Apr. 2019, Harvard Business Review)


WHY DO SO MANY INCOMPETENT MEN BECOME LEADERS?  is a challenging question and title of a new book by Tomas Chamorro-Premuzic, a professor of business psychology at University College London and at Columbia University, and an associate at Harvard's Entrepreneurial Finance Lab. Chamorro-Premuzic explores various facets of leadership in chapters with titles like “Why Most Leaders Are Inept,” “What Good Leaders Look Like,” and “Measuring a Leader’s Impact.”  Along the way, he discusses, the gender imbalance in more powerful positions; noting for example, that at Fortune 500 companies in 2017 women made up 44% of the workforce, 36% of first-line and mid-level managers, but only 20% of board members and 6% of CEOs. He argues that men’s character flaws (e.g., overconfidence or self-absorption) “help them emerge as leaders because they are disguised as attractive leadership qualities” (e.g., charisma), resulting in reduced leadership opportunities for both women and men “while keeping the standards of leadership depressingly low.” Chamorro-Premuzic himself “calls for a different type of analysis” and his work certainly offers a unique perspective which will be valuable for our Psychology students and Junior Theme researchers investigating women’s roles in the workforce. (Mar. 2019, Harvard Business Review)