Showing posts with label Business/Economic. Show all posts
Showing posts with label Business/Economic. Show all posts

3/15/2010

Review of Connected: 24 Hours in the Global Economy (Hardcover)

This is the penultimate insiders view of the world economy as Altman ( a serious business journalist with a PhD.), lets you peek inside the worlds of a dozen decision maker/influencers/ordinary people in many countries, in the same24 hr period. Fascinating and much more insightful than The World is Flat. I can never read the world business news the same way again. It caused me to renew my online The Economist subscription. I appreciated the inside views on currency exchanges, credit and inflation. The story of Haier in China - delightful vignettes. I had forgotten how much Japan lacked competition until pointed out by Altman. The background on why the US will continue to force its dollar lower is worth the book price. The story about the plight of Chinese peasants really pulls at your gut. A must read, it is topical, thought provoking and appropriate for our market planning.



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2/24/2010

Review of It's Alive: The Coming Convergence of Information, Biology, and Business (Hardcover)

It's Alive has an unusual perspective.The authors argue that the valuable innovations of the next ten years are being developed in the research laboratories and advanced developments of organizations and companies today.The template is looking backward at Xerox's Palo Alto Research Center in 1971 as a way to have gotten a preview of today's computer-connected society.

The book will primarily appeal to those with an interest in applying complexity science and biological analogies through information technology to large organizations.Most of the applications here require tens of millions of dollars to do.So for those in small organizations, the examples will seem out-of-reach.

The main advantage of this book over similar books is that it has more and more contemporary examples and a further development of its concepts than the predecessors that I have read.

From looking at technological developments that are available now and those that are in process, Christopher Meyer and Stan Davis see the maturing of the information technology revolution occurring at the same time as the commercialization of various "molecular" technologies (such as nanotechnology, biotechnology and materials science).Because the two fields operate conceptually in similar ways, the authors point to a convergence that has begun between the two fields that will probably grow in the future.They also draw key lessons from the way that evolutionary biology operates to prescribe for business organizations in the future.

Here's the book's structure:

Introduction

Part IThe Next Ten Years
Chapter 1Economic Evolution:Learning from Life Cycles

Part IICode Is Code
Chapter 2General Evolution:Learning from Nature
Chapter 3Biology and the World of the Molecule
Chapter 4Information and the World of Bits

Part IIIThe Adaptive Enterprise
Chapter 5Adaptive Management
Chapter 6Seed, Select, and Amplify at Capital One
Chapter 7Breeding Early and Often at the U.S. Marine Corps
Chapter 8Creating the Capacity to Respond at BP
Chapter 9Born Adaptive at Maxygen
Chapter 10Becoming an Adaptive Enterprise

Part IVConvergence
Chapter 11The Adjacent Possible

To me, the most interesting parts of the book involved advanced experiments and applications of technology to solve problems.Most of these I had not read about before.For the most part, these are written in ways that a lay person can easily follow.

The organizational examples were helpful to applying the concepts of an adaptive enterprise.Apply the six memes (gene-like qualities of ideas) for managing:

Self-organize; recombine; sense and respond; learn and adapt; seed, select, and amplify; destabilize.

Of the organizational examples, I found the Capital One and Maxygen examples the easiest to understand.The BP and U.S. Marine Corps examples seemed a little sketchy.

My favorite example in the entire book was of artist Eduardo Kac turning Genesis 1:28 into Morse code and translating the results into a DNA sequence.He then had the sequence inserted into live bacteria, and displayed the bacteria publicly where viewers could zap the bacteria with UV to create potential mutations.Now, that's technological convergence!

The book ends with some speculation about new applications of convergent technologies such as matter compilers, personal hospitals, universal individual lifelong mentors, experience machines and social-science stimulators.

Don't let the book's conceptual structure scare you off.Underneath the new definitions and concepts, there's a lot of common sense that most will agree with:Get experience fast; learn from your experience; keep it simple; be agile; get to the most valuable places first with the most; and communicate in all directions.

After you've finished reading the book, I suggest you think about how the book's principles could be accomplished on a shoe-string by an organization that you know well.In that way, you will play a valuable role in being a commercializer of advanced laboratory results.



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12/02/2009

Review of Negotiation Boot Camp: How to Resolve Conflict, Satisfy Customers, and Make Better Deals (Hardcover)

I liked this book a lot. Most negotiating books are either so complicated that you'd have to be an ambassador to understand them or so aggressive in their tactics that you wouldn't want to use them. This book is a perfect balance of ethical methods that will make you a winner. Ed Brodow is a competitor of mine on the negotiating lecture circuit and he has done an excellent job of distilling his all-day boot camp into a highly readable book. From Roger Dawson, Author of "Secrets of Power Negotiation."



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11/06/2009

Review of Investment Strategies of Hedge Funds (The Wiley Finance Series) (Hardcover)

The best attribute of this book is that it doesn't mislead the book buyer by presenting a big and juicy carrot on its title, only to fail the reader expectations throughout the book. In a nutshell, if you want to know what does mean covertible arbitrage, market neutral, distressed securities, merger arbitrage and so so, you'll get a detailed answer in there.

Chances are, however, the book buyer is searching for sources of inspiration for her own investment portfolio or her hedge fund selection process. In that case, the book is not worth it because it doesn't provide any evidence of what could be the strategies that might benefit the most from the current state in financial markets or which might benefit from future states or under uncertainty, etc. The book is just a compilation of known hedge fund strategies, a technical dictionary if you will, where you get a detailed explanation of this and that but no insight on when or where.



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