The World's Best Book Summaries
How do management and innovation go hand-in-hand? Where does innovation come from? Managers are responsible for keeping an organization afloat. In addition, says Peter Drucker, innovation is required by managers to steer their business toward the future, which requires experimenting with new ideas. Here’s how managers can use innovation to put their business on the right path.
What does adaptability in business look like? How can being adaptable keep your company afloat? Adaptability in business means being willing and able to adjust your business model or processes to better meet the changing needs of your customers. Learning how to be adaptable can make your business stronger and more likely to succeed. Read on to learn how to make your business more adaptable and what benefits this can bring.
Do your employees work well together? How do you build a team that enhances each other’s strengths? In It Doesn’t Have to Be Crazy at Work, Jason Fried and David Heinemeier Hansson share their perspectives on treating employees as a long-term investment. Doing so makes your organization a more effective and satisfying place to work. Let’s discuss their tips for learning how to create effective teams in an organization.
What are the top innovative strategies in business? Is it easy to find a market that has no competition? In The Essential Drucker, Peter Drucker lays out three different approaches that managers can apply to entrepreneurial endeavors. These include innovations that establish preeminence in a market, those that improve upon competitors’ work, and those that identify a specialty niche with no competition. Discover more about these innovative strategies so you can apply them to your business.
What’s Jeff Bezos’s leadership style? How does Amazon stay in the lead in the market? To maintain Amazon’s market leadership, Bezos and the rest of his leadership team focus on the company’s success in the future, not on its current quarterly statements. Bezos explains his insistence on making decisions that pay out in the long run. Check out how Bezos makes judgment calls to be the best leader for Amazon.
How should you manage a startup company? Where do you find funding for a new company? Whereas large organizations may struggle to innovate, small businesses just starting out often suffer from a lack of managerial expertise. In The Essential Drucker, Peter Drucker explains that people starting new ventures must pay attention to the markets, manage their finances, and install a leadership team. Read more about what’s required of management for startups.
What are the best strategies for leadership succession planning in business? How can succession planning keep your business strong long term? Leadership succession planning involves training employees to take on leadership positions and focusing on the company mission rather than your own personal direction. To lead a business successfully, you need to plan for its long-term success even after you’re gone. Learn how to successfully plan for leadership changes and prepare your company for longevity.
What are the important characteristics of a leader? How do your leadership skills determine your success? The most successful people are those who lead others. For instance, the CEO of a company is surely considered more successful than an entry-level employee. If you want to take your business to the next level, embrace these important characteristics of a leader.
Is your company currently going through a transition? How do you navigate change in the workplace? Many people fear change because it can be difficult and painful, even if it’s necessary and inevitable. Therefore, you must readily embrace change, rather than fear it. Continue reading for the key to embracing change in the workplace.
What do enlightened leaders do? How does enlightened leadership create an ethical company? According to Conscious Capitalism by John Mackey and Rajendra Sisodia, enlightened leaders and managers are the most important elements of an ethical company. They have the decision-making power to ensure that all interested parties win. Take a look at the responsibilities of enlightened leaders and managers.