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May 23, 2007

links for 2007-05-23

Filed under: Uncategorized — 800-CEO-READ @ 8:22 am
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  • Watch This, Listen This, Click Here >> Advertising Age | A look at the media world’s fast-approaching future lives up to the hype.
    Good news is, the text more than lives up to the hype.
    (tags: businessbooks media)
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May 22, 2007

Excerpt from Be the Elephant

Filed under: Book Reviews — 800-CEO-READ @ 9:50 am
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The new selection on our Excerpts blog is from the Preface of Be the Elephant: Build a Bigger, Better Business by Steve Kaplan. He helps readers understand the exact nature of their business by showing how to define objectives, identify risks, and get the operation on solid footing.

Be the Elephant is the second book in a series aimed at helping solve the real issues faced by business owners, professionals, sales professionals, managers–anyone charged with growing any part of a business. The central idea of the first book, Bag the Elephant, was to provide a strategy for getting and keeping that huge customer. The book you’re holding now focuses on a process and strategy you can implement to grow your business safely and efficiently–and become the Elephant yourself.

Here’s a direct link to the excerpt:
http://800ceoread.com/excerpts/archives/006920.html

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Be the Elephant: Build a Bigger, Better Business

Filed under: Misc. — 800-CEO-READ @ 9:40 am
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This excerpt is taken from the Preface of Be the Elephant: Build a Bigger, Better Business by Steve Kaplan.

Kalplan combines dynamic advice, real-life experience, and a friendly, no-nonsense writing style to take the mystery and fear out of achieving significant business growth. He gets readers to understand the exact nature of their business by showing how to define objectives, identify risks, and get the operation on solid footing.

Preface

It’s Great to Be Gray 


Who Are You? 

  • You’re the owner of an e-commerce business. You’ve made it over the second-year hump and are poised to break out, but you’re unsure about which strategy is best to grow your business. You don’t have a ton of money, so you need to make the right growth decision the first time. One misstep will kill your momentum.
  • You run a three-person gourmet cookie company with a few corporate customers that take up most of your time. With such a small customer and employee base, you’re understandably nervous. You know that you need to grow, but how to start the process without upending your existing business? Implementing a growth strategy might upset your large customers, prompting them to move along to that next cookie. And you do not want to be left with crumbs.
  • You’re a sales professional, selling mortgages. You’re doing pretty well and have great relationships with many of your clients. You know that if you had more things to sell them, it would be a cakewalk, but you’re not sure how to develop new offerings, especially ones they will prepay for.
  • You’re the senior partner in a CPA firm. You’ve always been motivated by a desire to become the best CPA you can be. You want your work to matter, to be recognized for its quality and superiority. You’re great at your job, but you’ve neglected the business end of your business, and your client base is shrinking. Now you see the need to grow, but the resources available to you don’t offer an obvious path to growth.
  • You own a $50 million consulting business. You’ve been cruising along, selling the same service for years. A few years back, you tried expanding your services into new markets, but the extra duties and responsibilities took your employees’ attention away from your core clientele and the effort failed, almost costing you your business. You’re doing okay now, but you don’t want to work like a dog forever.
  • You’re a partner in a marketing firm that’s been doing steady business for a few years. You’re not growing, but that’s all right, because you don’t want the worries of a larger business. Besides, you wouldn’t know what to do to get bigger. You’re okay with the status quo for now. Yet you can’t help being a little worried, because you’ve seen many other businesses like yours cruise along at treetop level for years and then crash and burn. All it took was a brief financial stumble, and the owners were unable to
    adapt or compensate.

Not-Growing Pains 

If you can identify with any of these people, this book’s for you. You realize that your business is living pretty close to the edge. You don’t have much flexibility or reserve. Yes, you may be spared the giant problems of giant companies, but the anxieties and stresses of eking out profits and growth in your business, at its current size, are hardly a blessing. You’re worried about Incredible Shrinking Business Syndrome. You also fret that you’ll never make the big bucks you’ve dreamed of. But just thinking about
growing gives you the jitters. Rock and a hard place.

Somewhere in the back of your mind, you remember what older, wiser capitalists have told you: In business, there’s no standing still. Avoiding growth goes against the laws of nature; you’re either growing or dying, yet finding a niche and managing to operate there happily ever after is riddled with risk. A recession, a new technology, even a miscalculation or a sudden illness can lead to a quick demise.

Okay, so “slow and steady

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links for 2007-05-22

Filed under: Uncategorized — 800-CEO-READ @ 8:21 am
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  • The Upside >> BusinessWeek | Don’t Worry, Be Ready
    “‘Unmanaged risk is the greatest source of waste in your business and in our economy as a whole,’ he writes. At times, Slywotzky treads familiar ground—many of his subjects, including Apple, Toyota, and IBM, are hardly unknown. Yet The Upside’s big poin
    (tags: businessbooks management strategy)
  • Deals on the Green >> BusinessWeek | An 18-Hole Character Test
    “Adapted from Deals on the Green: Lessons on Business and Golf from America’s Top Executives, by David Rynecki.”
    (tags: businessbooks general_business)
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May 21, 2007

Welcome to this week's Carnival of the Capitalist

Filed under: Uncategorized — Kate @ 7:48 am
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Welcome! This week we’re hosting Carnival of the Capitalist.
If this is your first time visiting, here’s our shameless self-promotion. We are in the business of moving ideas. We’ve been in the bookselling business for the past 23 years. You’re here today because business books are our specialty. Two of our family idea movers are the provocative ChangeThis and quirky inBubbleWrap. Again, welcome; we’re glad to have you!
Now, on to the carnival:
On People:
Are employees seen as parts rather than people?
John explains why his brother stopped wearing a watch.
Paid vacation is a perk for working and not legally required in the US (making the US the only
developed country that does not guarantee its workers paid vacation or holidays).
John Wesley invites us to be experts.
Here are seven tips on resolving conflict in the workplace.
On Marketing:
Chris gives a few ideas on how to make your site more helpful for customers.
Matt suggests a replacement for the 4Ps of marketing basics; his suggestion: the 4Cs — Create, Connect, Change, Cancel.
Rob brings up the story of SteakHouse owner Jeff Ruby refusing service to OJ Simpson. He then asks if businesses can be selective with their customers?
On the subject of money:
Learn how the worldwide demand for Whirlpool and Mastercard is helping to balance the US GDP.
On May 10th, Nasdaq plummeted to -1731; Trader’s Narrative points out that a similar day happened in late 2006 only to be followed by a better Nasdaq. It begs the question…does May 10th foreshadow a good future for Nasdaq?
The Digerati Life summarizes what’s involved in the different types of start-up funding.
When you’re done with that, head over to Business Fund to learn about how to give the VC/Angel pitch.
There’s a question of insider trading in the medical arena — what consititutes as insider training vs. necessary information for doing the job right?
The e-commerce business may change if eBay and Amazon sellers are required to pay taxes.
If you’re self-employed, here are some ways to avoid being audited.
: : : : :
Thanks for visiting! Next week CotC will be visiting Marketing Whore.

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May 18, 2007

Best Business Books via U.S. News and World Report

Filed under: Lists — Todd Sattersten @ 2:06 pm
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U.S. News and World Report has a huge special report on the Best Business Books. Their opening says:

Hundreds of business books are published each year. Chances are at least one has the answers you’re looking for. But how to find it? U.S. News spoke with 14 leaders from all walks of business life—from academics to entrepreneurs to corporate execs—about the five books they consider indispensable reading for managers.

When magazines do these lists we always create a summary so people can see the picks in one quick view. The commentary that each leader gives is always interesting, so make sure you click through on the author’s name if you see something that interests you.

Good To Great made four appearances on the list and Collins is one of leaders providing reading recommendations. Porter’s Competitive Strategy appears twice. Otherwise, the picks are unique. I personally like Jeff Pfeffer’s picks and reasons the best.

Best Business Books

Chris Anderson (editor-in-chief of Wired, author of The Long Tail)

  • Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb (2001)
  • The Cluetrain Manifesto: The End of Business as Usual by Christopher Locke, Rick Levine, Doc Searls, and David Weinberger (2000)
  • Out of Control: The New Biology of Machines, Social Systems and the Economic World by Kevin Kelly (1995)
  • Microcosm: The Quantum Revolution in Economics and Technology by George Gilder (1989)
  • The Tipping Point: How Little Things Can Make a Big Difference by Malcolm Gladwell (2000)

Jack Brennan (CEO of Vanguard)

  • Only the Paranoid Survive: How to Exploit the Crisis Points That Challenge Every Company by Andrew S. Grove (1996)
  • Good to Great: Why Some Companies Make the Leap … and Others Don’t by Jim Collins (2001)
  • Competitive Strategy: Techniques for Analyzing Industries and Competitors by Michael Porter (1980)
  • Economics by Paul Samuelson (1948)
  • Leadership Is an Art by Max DePree (1989)

Robert Bruner (Dean of Darden School of Business, University of Virginia)

  • Atlas Shrugged by Ayn Rand (1957)
  • On Bullshit by Harry G. Frankfurt (2005)
  • Good to Great: Why Some Companies Make the Leap … and Others Don’t by Jim Collins (2001)
  • Leading Change by John Kotter (1996)
  • The Effective Executive by Peter Drucker (1967)

Jim Buckmaster (CEO of craigslist)

  • The Selfish Gene by Richard Dawkins (1976)
  • The Singularity Is Near: When Humans Transcend Biology by Ray Kurzweil (2005)
  • Manufacturing Consent: The Political Economy of the Mass Media by Noam Chomsky and Edward Herman (1988)
  • The Discourses by Epictetus (second century B.C.)
  • The Cathedral and the Bazaar: Musings on Linux and Open Source by an Accidental Revolutionary by Eric Raymond (1999)

Jim Collins (author of Good to Great)

  • In Love and War: The Story of a Family’s Ordeal and Sacrifice During the Vietnam Years by Jim and Sybil Stockdale (1984, out of print, ISBN 0870213083)
  • The Second World War (six volumes) by Winston Churchill (1948–1953)
  • Personal History by Katharine Graham (1997)
  • Diffusion of Innovations by Everett Rogers (1962)
  • The Panda’s Thumb: More Reflections in Natural History by Stephen J. Gould (1980)

Mark Cuban (owner of the Dallas Mavericks)

  • The Gospel of Wealth by Andrew Carnegie (1889)
  • The Fountainhead by Ayn Rand (1943)
  • The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail by Clayton Christensen (1997)
  • The Only Investment Guide You Will Ever Need by Andrew Tobias (1978)
  • Cold Calling Techniques (That Really Work!) by Stephan Schiffman (1987)

Thomas Donaldson (professor at Wharton School of Business)

  • The Peloponnesian War by Thucydides (fifth century B.C.)
  • Concept of the Corporation by Peter Drucker (1946)
  • Modern Corporation and Private Property by Adolf Berle and Gardinar Means (1932)
  • Capitalism, Socialism, and Democracy by Joseph Schumpeter (1942)
  • The Wealth of Nations by Adam Smith (1776)

Carly Fiorina (former CEO of Hewlett-Packard)

  • Execution: The Discipline of Getting Things Done by Larry Bossidy and Ram Charan (2002)
  • The World Is Flat: A Brief History of the Twenty-First Century by Thomas Friedman (2005)
  • Strategy and Structure: Chapters in the History of the American Industrial Enterprise by Alfred Chandler (1962)
  • Re-imagine! Business Excellence in a Disruptive Age by Tom Peters (2003)

Jackie Fouse (CFO of Alcon)

  • Blindness by José Saramago (1995)
  • The Quest for Value by G. Bennett Stewart III (1991)
  • Conspiracy of Fools: A True Story by Kurt Eichenwald (2005)
  • The Lexus and the Olive Tree: Understanding Globalization by Thomas Friedman (1999)
  • Bird by Bird: Some Instructions on Writing and Life by Anne Lamott (1994)

Robert Joss (dean of Stanford Graduate School of Business)

  • The Soul of a New Machine by Tracy Kidder (1981)
  • The Practice of Management by Peter Drucker (1954)
  • My Years With General Motors by Alfred P. Sloan Jr. (1963)
  • Built to Last: Successful Habits of Visionary Companies by Jerry Porras and Jim Collins (1994)
  • Self-Renewal: The Individual and the Innovative Society by John Gardner (1964)

Jeffery Pfeffer (professor at Stanford Graduate School of Business)

  • Competing for the Future by Gary Hamel and C. K. Prahalad (1994)
  • The Human Side of Enterprise by Douglas McGregor (1960)
  • Influence: How and Why People Agree to Things by Robert Cialdini (1984)
  • Man’s Search for Meaning by Viktor Frankl (1946)
  • Everything for Sale: The Virtues and Limits of Markets by Robert Kuttner (1997)

John W. Rogers Jr. (chairman and CEO of Ariel Capital Management)

  • The Power Broker: Robert Moses and the Fall of New York by Robert A. Caro (1974)
  • Parting the Waters: America in the King Years, 1954–63 by Taylor Branch (1988)
  • Buffett: The Making of an American Capitalist by Roger Lowenstein (1995)
  • Succeeding Against the Odds by John H. Johnson with Lerone Bennett Jr. (1989, out of print, ISBN 1567430023)
  • The Path to Power (The Years of Lyndon Johnson, Volume 1) by Robert A. Caro (1982)

Hector Ruiz (chairman and CEO of AMD)

  • A Message to Garcia by Elbert Hubbard (1899)
  • Good to Great: Why Some Companies Make the Leap … and Others Don’t by Jim Collins (2001)
  • The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits by C. K. Prahalad (2005)
  • Dilbert by Scott Adams (ongoing)

Deborah Wright (CEO of Carver Bancorp)

  • Good to Great: Why Some Companies Make the Leap … and Others Don’t by Jim Collins (2001)
  • Competitive Strategy: Techniques for Analyzing Industries and Competitors by Michael Porter (1980)
  • I Don’t Know How She Does It: The Life of Kate Reddy, Working Mother by Allison Pearson (2002)
  • Meditations of the Heart by Howard Thurman (1953)

Note: I left a couple books off because the leaders were self-promoting themselves or others associated with them.

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links for 2007-05-18

Filed under: Uncategorized — 800-CEO-READ @ 8:21 am
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  • China: Fragile Superpower>>The Wall Street Journal | Pursuing Power — and Trying to Keep It
    Susan Shirk argues that China’s Communist leaders are a lot more insecure than they let on.
    (tags: businessbooks global)
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May 17, 2007

On Depicting Data.

Filed under: Design — Kate @ 3:59 pm
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From powerpoints to pie charts or bar graphs, depicting data doesn’t always come easy. It often has to be boiled down to the main points. Take the NYC subway map, for example; Eddie Jabbour is attempting to redesin it to be more user friendly. If you asked a certain Tufte, he’d suggest the London Tube map as a good reference point and the Mr Beck’s Underground Map book for more on the philosophy behind the map’s design. I’m going to see if I can find the book and will let you know what happens. I imagine it’d be a reference for business design, too. Has anyone ever seen it?

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links for 2007-05-17

Filed under: Uncategorized — 800-CEO-READ @ 8:20 am
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  • Way of the Turtle>>The Wall Street Journal | The Tortoise and the Harried Trader
    The book conveys the highs and lows that a trader goes through as he works through various systems. It shows, above all, how a trader must believe in his system even when it is going against him.
    (tags: businessbooks finance)
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May 16, 2007

Number of Books and Number of Readers

Filed under: Misc. — Kate @ 4:33 pm
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According to the Mexican critic Gabriel Zaid, writing in So Many Books: Reading and Publishing in an Age of Abundance, the human race publishes a book every 30 seconds. If current trends continue, by 2052 the number of people writing and publishing a book in a given year will exceed the number of people who will read one. (Quote from Design Observer.)

Wow.

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