AI processes are more scalable than human-powered ones; the technology creates more scope because it easily connects to other digital businesses; and it greatly amplifies learning and improvement. Big names tackle big subjects (see Michael Porter on politics and Sylvia Ann Hewlett on #MeToo). Including books about the rise of Instagram, the fall of WeWork, and the ultimate inside look at Donald Trump's relationship with Deutsche Bank. Making the most out of your time is vital in life. Through Instagram, I found a lot of artists who were using it. The 3 Best Business Books of 2019 (According to Every Other Best-of-2019 List) 11,000 business books are published every year. No Filter: The Inside Story of Instagram Now, obviously he didn’t crush it completely, because Instagram is still going and we’re all using it. Tell me about it and why it’s good. What did that comment in the meeting really mean? It’s a great story of the feuds of Silicon Valley, I suppose. 2 This book fits in the category of ‘very important economics books’, which the FT prize has identified and brought out right from the start. So Mark Zuckerberg was worried that Instagram was going to cannibalize his own creation, Facebook, and pushed it to integrate more closely. I have to say I’d never heard of Simulmatics, but it turns out it’s very important? Look no further. The 3 Best Business Books of 2019 (According to Every Other Best-of-2019 List) 11,000 business books are published every year. Is she seriously going to buy or is she stringing me along? by Sarah Frier I quite liked that book, but it didn’t get through to the shortlist. There have been very few companies that have done as well as Netflix has done. These books can help you make the gains you’re looking for at home and in the ... Top 20 Books You Need To Read To Crush 2020. Also, this is a list, but it is not meant to be read as a ranking. A couple, in fact. Second, because he grew up in rural Virginia and understands how white-collar disruptions affect back-roads populations. Netflix, of course, was very famously a company that put its radical culture out there for scrutiny in the 2000s, when it published a slide deck—that you can still find online in its original and updated versions—explaining its culture of transparency, how it worked, why you had to behave in particular ways at Netflix. This article gives you a list of the best business books to read in a year. Harvey Schachter. “We may be subject to a wave of rather bad Covid-19 books before we get to the good one”. In the US, the book is subtitled “in a world on fire.” The fire that she was referring to was literal there, the wildfires in Australia and California. He comes across as quite paranoid and a little bit petty. Of course, it turned out to be a fabulous purchase, because we were just getting into the idea of images as a way of carrying our stories, and Instagram developed into a hub for influencers. See all 28 stories. Best Business Books 2020: Marketing by Tony Case One theme emerging from the crisis has been an erosion between what is public and what is private, between what is properly the concern of the social sector and what responsibility is held by business. Were you saying the Netflix culture can’t be replicated? Do these no rules rules work? I suppose the first thing to say is that because of the timing of the prize—the eligibility is mid-November to mid-November—it was very unlikely that any book would be able to tackle head-on the pandemic and its consequences. For example: try delivering information ("I'll start again at 11 a.m.") instead of instruction ("Be back by 11 a.m.). Business The Best Books of 2020. As the world went into lockdown early in 2020, many of us without frontline jobs and lucky enough not to fall sick with Covid-19 found more time to read than usual. With the presidential election this year, this is a book that’s been taken up very strongly as one of the data points, if you like, for explaining what’s going on behind the extraordinary divisiveness and inequality in the United States. by Tony Case . I remember after the fall of the Soviet Union, when many people were still quite optimistic about Russia. In a world which has vaccines or even just therapies and behavioural ways of returning to normal (or nearer to what used to be normal), we may find that the next normal or the new normal—or whatever horrible cliché one wants to apply to it—is actually closer to the old normal than we thought, because people will yearn to get back to some of the things that made business worth doing or work worth pursuing, faster than we think. But, in fact, that subtitle now works as a bit of a metaphor for the consequences of the Covid-19 crisis. No Rules Rules: Netflix and the Culture of Reinvention It’s a tale of how these two companies were only able to integrate, in a way, by sapping some of the life out of the Instagram creation. I haven’t used it much as a business journalist, but I do have a personal Instagram account. The fact that it happens to be Facebook and Instagram is maybe not as relevant. Obviously, there’s been a whole slew of books warning of the dangers of tech recently. As I’ve been reading books that are coming out in the latter part of this year—some of which weren’t entered for the prize or will now be eligible for next year—you’re beginning to see people who’ve either been adapting their ideas or using some of the early consequences of Covid-19 to shape their thoughts about what comes next. #SmarterWithGartner Whether you want to start a business, improve your business, or you want to be a better team member at work, this list of business books … Maybe it’s not quite fair to talk about waves these days, but we may be subject to a wave of rather bad Covid-19 books before we get to the good one. He took issue with the idea that discrimination against whites has become as big a problem as discrimination against Blacks and other minorities, which is what the authors say more than half of white working-class Americans believe. Billion Dollar Burger: Inside Big Tech's Race for the Future of Food, by Chase PurdyAs meatless meat colonizes even the shores of fast food, Purdy, a writer for Quartz, reports on the potentially planet-changing disruption that may stave off hunger, endanger farm economies, and make some folks very rich. Let’s finish with a book that again steps back and looks at the bigger picture. So it’s got lots of uses. Let’s talk about a big picture book next, which is Deaths of Despair and the Future of Capitalism. It’s essentially a book about some of the human economic pain that lay behind Trump’s success. Frier implicitly suggests that Zuckerberg was jealous of Instagram’s success, even though he’d bought it. Whom should I trust? So Hastings will say something and then Erin Meyer will write a part that either takes issue with that or expands on it or fills in some of the intellectual and academic backing for what he has observed. There’s something very stark about a rising mortality rate. The sudden change to a slower gear also left more room to reflect on the state of the world and our place as humans in it. A lot of the solutions that she puts out—the cooperation and collaboration between government, business and communities—work for the crisis we’re going through now, as well as the crisis that she was mainly writing about at the time. 1 Then the figures came out showing that life expectancy was going down. The book emphasizes focusing on the end result — and eliminating everything that does not contribute to it. In The Politics Industry, HBS professor Porter--creator of the seminal "Five Forces" strategy--joins activist Gehl to explain what happens when competing parties control the rules of competition and how citizens can help fix the system. The prize has been running since 2005: what kind of books has this year thrown up compared to the past? I like to think that we’ve stretched the genre, although some people get a bit grumpy about the fact that we’re not doing the pure business books perhaps as much as the title of the award suggests. And in a couple of juicy insider accounts, scrappy entrepreneurs take down enemies (Square beats Amazon) or are taken down by friends (Instagram's founders exit Facebook, stage left). “Although it was written pre-pandemic it plays very well into the obsession that we all have now with the future of work and how it’s going to turn out for us”. Tetrick, who is beset by hungry competitors, is a fascinating guy who previously took on Big Condiments with vegan mayonnaise. Perhaps a bit more idealistically, he talks about bringing back the big state. The Myth of Chinese Capitalism: The Worker, the Factory, and the Future of the World, by Dexter RobertsChina's manufacturing prowess is either threat or opportunity, depending where you live on the supply chain. I set it up for the book that I published last year, which was nothing to do with the Financial Times. In this section, we’ll dive into the valuable books on leadership first. Strategy. Correction: A previous version of this article erroneously stated that author Alex Kantrowitz interviewed Jeff Bezos and Sundar Pichai for his book Always Day One. It’s very successful in lots of ways. In Always Day One he explains how such companies maintain a constant state of urgency and reinvention to avoid stasis and irrelevancy. It takes the edge off, it’s not preaching to us. The 19 best business audiobooks in 2020. That was a real shock. As you say, in being a book about corporate culture, it’s squarely in the traditional business book genre. An entrepreneur reading a business book on a tablet. But few companies managed to match Netflix and that raises the question—which is partly what this book attempts to answer—of why it’s so difficult to replicate what Netflix does. I’m inclined to say, ‘Well, it may not be important and Facebook versus Instagram may just be a footnote.’ But if we’re looking at the reason why it’s on the shortlist, it’s to do with the fact that businesspeople, wherever they are, if they’re reading this book, will be able to get at least some idea of the difficulty of bringing together two diverse cultures. ... Best business books. First, because he is CTO of Microsoft. As I said, I’m a fan of Margaret Heffernan’s book Uncharted, which is not about everything going on now, but is prescient. In fact, the proliferation of rivals sometimes hurts consumers, who pay less but also get less--unhealthy food, toxic drinking water, hidden fees, failing schools, and an internet stalked by advertisers. There was another CEO- written book: Winning Now, Winning Later: How Companies Can Succeed in the Short Term While Investing for the Long Term by David Cote, who used to be the CEO of Honeywell. So the robots are going to take our jobs? Are you the one choosing the books for the longlist? Five Books interviews are expensive to produce. But this book is less about the content—though there is a bit of that—and more about how Netflix works. Competing in the Age of AI: Strategy and Leadership When Algorithms and Networks Run the World, by Marco Iansiti and Karim LakhaniJust as the internet required a fundamental reinvention of business models, artificial intelligence challenges leaders to rethink everything about their organizations. Best in Business 16 New Business Books You Need to Read in 2020 From the battle to be king of meatless meat to entrepreneurs' skirmishes with Amazon and Facebook, expect plenty of … Best business books of the year 2020. Million Dollar Consulting is one of the top business books to read if you want to start or grow a consulting practice. Before we get to the books that made the 2020 shortlist, can you give me a general sense what the Financial Times & McKinsey Business Book of the Year Award is about? Here are the three you need to crush 2020. They’re looking at something that’s at the very core of Trumpism, the plight of white working-class Americans in the early 21st century. The book picks up on a number of themes that the FT book award has highlighted in previous years. The book very clearly and starkly illustrates the problems in the US. There are other nice examples in there, including more familiar ones, like Unilever trying to make palm oil sustainable. I’m very glad he did, because there’s a bit of tendency at the moment to reflexively talk about how capitalism is bad. Created by the author — all images from Amazon. by Rebecca Henderson Updated Dec 1, 2020. It makes you feel there’s something specific to focus and work on. Yes, and although it was written pre-pandemic it plays very well into the obsession that we all have now with the future of work and how it’s going to turn out for us. What he’s looking at is ways in which you can bring or sustain meaning for people who have got less work—or different types of work—in a future where everything is more automated. And he suggests how startups might try to change that. All of them, if you like, allude to the fact of automation and the coming changes in the world of work, which is of course the other big theme of this year, as a consequence of the pandemic and the ways in which that has changed our working practices. Can you tell a true positive or negative from a false one? We gave the award to Martin Ford’s book, The Rise of the Robots: Technology and the Threat of Mass Unemployment, five years ago. Reimagining Capitalism: How Business Can Save the World Business Book of the Year Award 2019 — the shortlist. But, clearly, at another end of the scale there is that glossy magazine element, which Frier actually describes very well—the way in which influencers and travel companies and others who wanted to project an image were polishing and honing their style on Instagram in a way that, in the end, was rather hollow. From the battle to be king of meatless meat to entrepreneurs' skirmishes with Amazon and Facebook, expect plenty of dramatic tales in the new year. It’s quite humorous, the bits of the book I read. His prescriptions are curbs on big tech—which is one of the things that we’re already seeing with regulators and policymakers in Europe and now in the US. Leadership Strategy and Tactics: Field Manual, by Jocko WillinkA field manual is perfect for new leaders, who have less time than anyone to wade through great big books on leadership. Best books of 2020: Fiction in translation. Also, I don’t think there’s much in their policy prescriptions that looks at the cultural elements that seem to me, as a non-economist, to be so important when you’re looking at the mudslinging that’s been going on between the two halves of the US political environment. Today, I'd like to bring you my TOP 10 PICKS out of all the books I read in Last Year. Andrew Hill. Let’s turn to No Filter by Sarah Frier, a book that focuses on Instagram. The business scene changed dramatically with every passing month and many of us were left dumbfounded by it, but that doesn't mean we can't grow to understand it. “They’re looking at something that’s at the very core of Trumpism, the plight of white working-class Americans in the early 21st century”. by Erin Meyer & Reed Hastings For Subscribers. You’re management editor of the Financial Times: what’s your take? I don’t think there are any other books on the 2020 shortlist that fit the narrow definition of business book, are there? by Jill Lepore Promoting Ruskinland was often about images, so an image site was the ideal place to be doing that. Netflix is one of the big companies that has obviously done particularly well under pandemic conditions, with people streaming boxsets and watching seasons and seasons of things via Netflix or other streaming services. Read. He is also the author of Ruskinland: How John Ruskin Shapes Our World. These are books that will already be underway. The business scene changed dramatically with every passing month and many of us were left dumbfounded by it, but that doesn't mean we can't grow to understand it. His view is that there is much more to the alienation of the white working class than racial envy (I’m citing Ed because I have not travelled as widely in the US as he has). They lay the blame very strongly on the US healthcare system, particularly the way in which opioid prescription has turned into an epidemic of addiction. So there is some speculation in the book, an element of controversy. Looking for a cosy mystery to settle down with in front of the fire this holiday season? Essentially the process works in two ways. Or is its appeal more to people who, in the past, would have read glossy magazines, rather than more serious journalism? Although this is a list for 2020, do not expect to see all the newest books on the market. It’s nice to have a more practical response. The next two books on the 2020 Business Book of the Year Award shortlist home in on the history of specific companies. Written by Alex Kantrowitz, a senior technology reporter for BuzzFeed News, always Day One reveals behind the scenes workings of the most powerful companies in the world. 2020 has been a crazy year and it’s understandable if reading business books has slipped down your priority list. The struggles of families there predict rising social tension that endanger the giant's future. Do you use it as a business journalist? Three of the six shortlisted books are directly about technology or technology companies and at least one of the others touches on it. Always Day One: How the Tech Titans Plan to Stay on Top Forever. Andrew Hill is Management Editor of the Financial Times and organiser of the Financial Times and McKinsey Business Book of the Year Award. Once you’ve got the best team in place—and they talk very clearly about it being a team, not a family—then you can start to trust them with this no rules corporate culture. Even if government isn't a company, politics is an industry, and a singularly destructive one with its own skewed forms of competition. Considering the challenges presented by 2020, many of the books business leaders recommend this year aren’t technically business books at all—or from this … Her brother, Caspar Henderson, is actually our environment editor. That would be throwing the baby out with the bathwater, which is what Henderson recognizes, I think. So there are lots of lessons in here that perhaps Henderson didn’t necessarily intend. That over-cautiousness, in turn, narrows the pipeline to the C-suite, where we need diversity to end this crap once and for all. Is this guy going to deliver? Read. Special to The Globe and Mail . A World Without Work: Technology, Automation, and How We Should Respond I don’t think I’ve seen anything yet that I think is original or wide-ranging enough. The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time, by Jim McKelveyAs co-founder of the small-merchant payment company Square, McKelvey spent the early days of his venture not getting killed by Amazon. But, arguably, that’s what makes it a more interesting book. Always Day One: How the Tech Titans Plan to Stay on Top Forever, by Alex KantrowitzThe title, of course, refers to Jeff Bezos's dictum that Amazon employees approach each day like the first day of a startup. Maybe not, suggests business journalist Roberts. “I like to think that we’ve stretched the genre”. Read more. Obviously, they’re working within a US system but, from the outside, a lot of the policy prescriptions that even candidates that are supposedly left-of-centre come up with look rather pallid. I think that sort of scepticism can be useful, but when it becomes cynicism you end up with what you were describing, people saying it’s all the fault of capitalism, tear the whole thing down. There’s a bit in the book where the chief executive, who is an academic focusing on social networks, foresees the data-mad and near-totalitarian 21st century that he was instrumental in helping to create. But, in the end, it didn’t succeed and it disappeared. Let’s move on to the next book. The book also has this nice relevance, bringing a historical fact into the new light of today and saying, ‘Look, here are some of the issues that this rather simple, early, pioneering version was raising in the 1960s and that are still relevant.’. I suppose I was saying that obviously it hasn’t been replicated. This year we had a real range on the longlist—everything from gender diversity and the global economy through to the story of Mohammed bin Salman and his rise to power in Saudi Arabia. Humanocracy: Creating Organizations as Amazing as the People Inside Them, by Gary Hamel and Michele ZaniniHooray that business authors now talk less about managing workforces and more about managing individuals. And I think, for the most part, that works pretty well as a way of explaining Netflix and how it has been successful. It is an attempt to shape and direct policy and insert that into the presidential campaigns. As a result, we had many more books that hadn’t yet been published and therefore required more intense reading, if you like, because there was no third-party judgment about whether they were books worth considering or not. Is she trying to be funny? Andrew Hill, who with colleagues at the Financial Times sifted through hundreds of entries to compile the award's longlist, talks us through the books that made the 2020 shortlist—as well as offering some predictions for the year ahead. Angus Deaton won the Nobel Prize in economics and Anne Case is a very respected empirical economist. Tell me more about this book. This year, it’s as wide as the future of work and the future of technology, the state of the world economy and globalization. I think one of the reasons why it’s a shortlisted book is that it is beautifully written. But Reprogramming the American Dream author Scott should have an interesting perspective. Here are the top 10 business books of 2020 1. I wouldn’t say she’s neutral. She identifies some of the slightly wacky 1950s, 1960s elements of the story. Always Day One: How the Tech Titans Plan to Stay on Top Forever. That colour is what gives it a lot of vibrancy and interest as a book, rather than just as a slightly cautionary tale for today. This past year was, in short, very complicated. Fair enough. He crushed it, eventually driving out Systrom. Amazon also announced the top 10 books across all categories and genres that have already published in 2020. You’ll remember that Instagram was a funky photography app with hardly any staff and Facebook paid a billion dollars for it, which shocked everyone at the time. If your New Year's resolutions include "leadership--get better at it," publishers in 2020 have some refreshingly non-theoretical offerings: one about word choice and one that's a kind of lead-as-you-go field manual. Simulmatics Corporation was actively looking at and developing some of the things that we now associate with big data predictive analysis: Facebook, Cambridge Analytica, all the various scandals and worries to do with harnessing technology to predict human behaviour and indeed to win elections. So, critically, you have to have the right people on board in the first place. A lot of people will overshoot. There’s the top-down, ‘What books are out there that are making a buzz?’ Those would tend to be books that have already been published by the closing date for entries, June 30th. Billion Dollar Burger's center is Josh Tetrick, CEO of a Silicon Valley company developing meat from cell cultures. Best Business Books on Leadership. Personally, I’m braced for 2021 to feature a lot of books on that topic. He looks at ways in which we can actually compensate or offset the likelihood that we’re going to have a world without work. It essentially laid the foundations for predictive analytics that we now come across—even if we don’t realize it—whenever we use an internet platform or click on an online ad or, indeed, vote for a candidate. Yes, and she’s got plenty of examples of purpose-driven companies that are doing the right thing. Five Books participates in the Amazon Associate program and earns money from qualifying purchases. It’s also quite interesting on the different personalities. Best books of 2020: Sport. Competition Overdose: How Free Market Mythology Transformed Us from Citizen Kings to Market Servants, by Maurice Stucke and Ariel EzrachiConventional wisdom says competition is good. Those traditions have helped keep German factories running during the pandemic. If not, you may be blowing it. Let’s start with Jill Lepore’s history of the Simulmatics Corporation next, If Then: How the Simulmatics Corporation Invented the Future. What's intriguing about The Future Is Faster Than You Think is the speculation from Diamondis (executive chairman of Singularity University) and Kotler (a science journalist) about what happens when all that stuff starts coming together. It’s called No Rules Rules by Reed Hastings, the founder of Netflix, and he’s teamed up with Erin Meyer, who is a professor at INSEAD business school, to write the book. Follow the topics in this article Then there’s the far more difficult task of working out which of the books that have yet to be published and reviewed—that come out between June 30th and mid-November, the date eligibility ends for this year—should be on the longlist. They may be science books or politics books. He is also the author of Ruskinland: How John Ruskin Shapes Our World. Yes, whenever a big oil company claims to be very environmentally friendly I get extremely suspicious. It’s by Anne Case and Angus Deaton, who are both economists at Princeton. They’re not just using the empirical data. I think one of the reasons this book has got through to the shortlist is that it’s not just a glib attempt to say, ‘here are all our secrets, now just put them all in place and it’ll transform your underperforming team.’ It’s saying, ‘you’re going to have to take some tough decisions before you can get to the point where you can get the most out of this radical culture.’. We asked Caroline Crampton, creator and host of the Shedunnit podcast, to recommend her favourite classic mystery books set during the Christmas period. What Jill Lepore has done here is unearthed a company that most people had forgotten about. Hundreds of great business books come out every year. Human good, machine bad. Each of those books will shape your understanding of the entrepreneurship“>entrepreneurial and business world! One is a company I haven’t come across, a US flour company called King Arthur Flour, which is building community through baking. It’s economic history-focused, but it’s very much written for the lay person. Read Business Books The 6 Best Business Books of 2020 That's according to the shortlist for the Financial Times and McKinsey's annual prize. Read. Business Book of the Year Award 2020 — the longlist. Weiss teaches the reader how to become … There are some good lessons in the book. It’s going to be hard to work out what the future of work looks like, probably, until we’re part of the way into it. So there was Margaret Heffernan’s book Uncharted, which is all about preparedness, and then John Kay and Mervyn King’s book, Radical Uncertainty, about how to deal with uncertain times. Not me personally, I’m glad to say, although I do spend a lot of time with colleagues working out how to filter the more than 400 entries that come in. What interested me about this book—and the whole Facebook Instagram story—is the tale it tells of how difficult it is to integrate two different cultures. 8 min read. But more isn't always better. It’s a great tale to tell because woven into the Instagram story are all the Kardashians, the Taylor Swifts, the influencers and Hollywood, which is the world Systrom was moving in—as opposed to the Silicon Valley world where Zuckerberg was preeminent. For that reason, we are compiling ten of the best business books published in 2020 for the entrepreneur inside of you. There is a certain amount of that in this book, but by pairing up with Erin Meyer—who is an academic writing about corporate culture and differences between corporate and indeed national cultures— the book is framed as a sort of dialogue. Small amount become greater since of data gender bias wins FT/McKinsey book prize of. Like about the content—though there is a list for 2020, do not expect to see all the I! To provide simple, step-by-step instructions for coping with myriad unfamiliar situations that she picked uses manuals. But it is an attempt to shape and direct policy and insert that into the presidential campaigns was that! 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