When I got home there was an e-mail waiting from a young friend who asked me “what are the most influential business books you have ever read”.
I replied:
The last five I’ve read?
Took a lay off yesterday.
Went to the union hall this morning then drove to Whitecourt to visit a friend then home to SK.
Will ponder this when synapses are working again and reply.
The next morning I sat down and wrote the following answer to his request without going back and looking at his e-mail:
Top Five
I don’t have time to write a short answer to your question so will have to write a long answer. The best answer would be to ask why you want to know, but I am going back through this just to correct typos so it is too late. I am invested in my monologue and don’t suddenly want to start a dialogue.
Without doing any research including looking at your question to look at the exact phrasing I may be answering the wrong question. I think it said the most influential business books you have read. Here is a stream of consciousness reply without, I repeat, any research or respite to reference material.
The 1% - Some celebrity tech business person was asked by James Altucher how much of a book he remembered and he said “maybe one percent”. Maybe optimistic. Read The Rosie Project last weekend. I am told by my daughters I have read it before. Thoroughly enjoyed both times but don’t remember a word of the first time. So I will mention books I remember one thing from that I have used in some way. That means an article is as good as a book. It also means that if actually I looked at a list of business books I might come up with a different list for you.
All that Glitters – I once suggested to a friend that I eventually would write a business book about business books and about management fads (I call them management hula hoops – beehive hairdos that twenty years later we would ponder “what were we/they thinking?”) Title of the book? “All that Glitters”
Bible – Some preacher (Bill Gothard?) was referring to the value of reading or hearing the word of God and how much it seems we remember nothing and went on about its cleansing effect and used the analogy of an egg basket and using it to carry water. Didn’t carry much water, but each successive dipping cleansed it some more. In my MBA forum wrote an article about the first management consultant Moses’ father-in-law (Jethro? – told you I wasn’t going to resort to reference material). Quoted the relevant passage in Exodus(?) where Moses was overwhelmed trying to do everything and suffering burn-out and Jethro (we’ll call him that for the sake of this account – if you look it up you can correct it). Jethro came and set him straight telling him how to divide the responsibilities and delegate and only deal with the tough cases, etc. Read it. There is some good advice there. And, I said, it was the first and last recorded case where once his job was done the management consultant left.
Flight of the Buffalo (perhaps I am thinking of the sequel, Teaching The Elephant To Dance, but seem to remember it was a disappointment). Buddie’s dog principle. Don’t do people’s work for them. Hold them accountable for doing their own work.
Book by Art Kelly – Do worst/Most dreaded/unpleasant things first. (same principle as Eat That Frog!: 21 Great Ways to Stop Procrastinating and Get More Done in Less Time, 2nd edition), don’t waste time building up estimates from scratch if you have comparables – if power plant cost $250M to build in similar situation you can figure that it will cost you $250M. That said, The Black Swan: Second Edition: The Impact of the Highly Improbable: With a new section: "On Robustness and Fragility" suggested unknown projects like Sydney opera house would cost up to ten times the estimate and take up to ten times as long as projected (something like that maybe he said 7)
HBR article – Morgenstern(?) – One More Time How Do We Motivate People. Job content principle and control principle. KITA (kick in the rear) motivation – when supervisor is providing motivation by kicking the only one motivated is the one doing the kicking. Zero value content in job won’t get more value by asking for more output – zero times anything is zero. Read the article. It is short and full of gems. Difference between motivators and hygiene factors – pay is a hygiene factor, correct pay cheque is a hygiene factor.
HBR article – Monkey management – handing off responsibilities (monkeys) to supervisors and not letting employees do that to you. “I will do want you want but I need more information, could you get that for me” Hands monkey back to supervisor and has to do nothing until gets further information back from supervisor – eventually supervisor is carrying all these freaking monkeys and employees are doing nothing while they wait for him/her to get back to them.
The 7 Habits Of Highly Effective People
Seven Habits – must have been something there 😊 First things first. Ladder leaning against the wrong wall.
If it Isn’t Broke, Break it – Dubious value of blind loyalty.
The war of Art – ship it.
The Portable MBA – don’t think I read the whole thing but remember one section I read – A decision has two components: quality; and buy-in. A decision with quality of 10 with zero buy-in multiples out to zero. You can do the math on a quality of 8 with a buy-in of 10. Sort of like Patton’s principle of a good plan violently executed NOW is way better than a perfect plan two weeks from now.
Somewhere I wrote a book review of the best book I never read and how it changed my life – Never work for a Jerk. The review is somewhere on my web site.
Cheers.
More than five – oops
Oh, and two more:
Learning organization by Peter Senge – process control theory applied to business. Probably fantasy genre.
The Beer Game – logistics. Sums up the paper industry. I have lived that scenario.
And that was cut and pasted into an e-mail which received a kind response with the suggestion it should be a blog post so here it is.
Since then have met with him on a trip back to Edmonton and discussed the E-Myth Manager and Michael Gerber’s thoughts on businesses being started by technicians suffering an entrepreneurial seizure and working in their business instead of on them.
A few years ago I read a formal study that pretty much confirmed what Gerber said. The study emphasized how most new businesses tend to be knockoffs of a previous employer and tend to divide the pie into ever smaller pieces instead of inventing new pies with added value businesses. Gerber emphasizes the danger of going from working for a jerk (your old boss) to working for a madman (you – too busy doing it, doing it, doing it to take time to structure the business) and prescribes systematizing your business functions.
His model is McDonalds and Ray Kroc. Not that he is saying everybody should build their business with the intent of franchising it rather that they should understand how each piece of it works and be able to train people to do each function so they are not trapped into being too busy to think. This summer I watched the movie The Founder [DVD + Digital] (Bilingual) about Ray Kroc and McDonalds. I also read Grinding It Out: The Making of McDonald's, Ray Kroc’s autobiography. The autobiography presented a bit more sympathetic view of Mr. Kroc and filled in the blanks of his life experiences before he ran across the McDonald brothers. But both the book and the movie were fascinating and worth the time to read and watch. Ray Kroc changed the world in his way.
This week I read Smarter Faster Better: The Transformative Power of Real Productivity by Charles Duhigg so it is in “the last five” and I am enamored. But that is another review for another day.