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November 8, 2010

Explaining Goat Economics by Vikram Akula

Filed under: Global Business,Guest Post,Innovation,Thought Leaders — dylan @ 3:53 pm
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Vikram Akula, founder and chairperson of the SKS Microfinance, was kind enough to provide a post for us this week. In it, he tells the story of how he ended up meeting with some of the richest men Earth to explain to them how the poor make money.

His new book, A Fistful of Rice, Is being released tomorrow by Harvard Business Review Press.

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Explaining Goat Economics BY VIKRAM AKULA

Today SKS Microfinance is the largest microfinance institution (MFI) in India. But it wasn’t so long ago that SKS was just an upstart idea. When SKS finally did gain traction, I found myself in the surreal position of explaining our model to the world’s biggest business and philanthropic leaders who wanted to learn more about harnessing microfinance to alleviate poverty.

In early 1997 the first-ever Microfinance Summit was held in Washington DC. Hillary Clinton, then First Lady, gave the keynote address to an audience of 3,000 people from all over the world. I was in the process of raising seed capital for SKS through ‘tea and samosa’ parties that relatives and family friends hosted for me. But I was a PhD graduate student at the University of Chicago and had no money myself. I got into the Summit for free by volunteering as an official timekeeper for the sessions.

It was hard to approach panelists when they saw me as just a student volunteer but I still took every chance to tell them about my project. I approached the ‘Who’s Who’ list of microfinance: the heads of Grameen Foundation, the Self-Employed Women’s Association (SEWA), Cashpor and Share Microfin. I hustled and talked and introduced myself to anyone interested in my plan. Unfortunately, no one would take a chance on the idea of a for-profit microfinance institution. I hadn’t planned on starting my own organization, but there was no other choice. I believed too strongly in the idea to let it slip away.

Fast forward seven years to 2006. After lots of hard work, help and guidance from early donors and supporters, along with plenty of trial and error, SKS was really taking off. In March 2006, SKS counted 200,000 poor women borrowers in India. I announced an ambitious “7 by 7” goal of reaching 700,000 members by March 2007.

In 2006, SKS was fortunate enough to get some favorable media attention. Others far away from India took notice too. The Gates Foundation was considering launching a microfinance funding program and Bill and Melinda Gates had set out to learn everything they could about microfinance. Melinda Gates had already come to India to see microfinance at work in villages. Their next step was to invite eight MFI practitioners to a roundtable in Seattle. We met in a conference room in a nondescript (but, as I was later told, bulletproof) building. Bill Gates Sr. would be joining Bill and Melinda, along with another “friend” of theirs. When they walked into the room, we saw that the friend was Warren Buffett.

We had a wide-ranging discussion on the basics of microfinance and how it was practiced in various parts of the world. Then Bill suddenly asked, “Hold on. What are people possibly doing where they can pay 28% interest on a loan and still make money?” I took a deep breath and started explaining what I call “goat economics.”

I described how a landless agricultural worker might use a 2,000 rupee loan (about $40) to buy a goat. She continues with her daily work and takes the goat along with her to the fields. The goat eats grass and virtually anything else, so there is no investment from her end. A goat gives birth to one or two kids a year and the value of the offspring is about 50% of the mother, or about 1,000 rupees. Even if a borrower took a 28% loan, she makes a return of about 70% on invested capital.
An interest rate of 28% might seem high, but demand for SKS loans was exploding. We had almost no defaults among borrowers, and re-payment rates were about 99.4%, higher than re-payment rates in the west. Clearly, the system worked for the poor.

There are four other reasons why microenterprises yield very high returns. First, borrowers tend to draw on family to help with microenterprises, which is far more productive than hiring wage laborers. Think of your classic immigrant-owned grocery story in the US where sons and daughters help out. Second, in the informal economy, the poor make too little to pay taxes (they typically make less than $2 a day when they join SKS.) Third, poor entrepreneurs have little infrastructure and overhead costs. A village grocery is a homefront shop, not a separate rental property. And fourth, for the first three reasons, capital is only a small percentage of a new micro-venture’s input. What’s far more important for a micro-entrepreneur is timely access to capital.

As I finished my explanation of “goat economics” I watched Bill Gates scribble on his note pad. A thought popped into my head: “I’m explaining to the richest man in the world how poor people make money on goats.” It was an amazing and affirming moment.

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ABOUT THE AUTHOR

Vikram Akula is the founder and chair of SKS Microfinance. In 2006, TIME magazine named him one of the world’s 100 most influential people. He has received several awards, including the World Economic Young Global Leader (2008), the Schwab Social Entrepreneur of the Year in India (2006), and the Ernst & Young Start-Up Entrepreneur of the Year in India (2006). He has been profiled in media ranging from CNN to the front page of The Wall Street Journal. The author of A Fistful of Rice (Harvard Business Review Press, 2010), he lives in Hyderabad, India.

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August 24, 2010

Top International Best Sellers: July 2010

Filed under: Global Business,International Bestsellers — Roy @ 10:45 am
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I cannot imagine why I have not posted this before – I am greatly ashamed at myself for allowing almost a WHOLE month go by without any of you knowing what people across seas, valleys, mountains and portages were reading in July!  I guess it could be because I’ve been so busy this summer – going to the various Festivals in Milwaukee, seeing Rufus Wainwright in concert, visiting family and friends in neighboring Green Bay and Madison… or it could just be because I forgot to post it (Heaven forbid!!).

Well, please, dear readers, await no longer because yours truly has THE LIST of Top International Best Selling Books for July 2010!  (Now you ‘ll know what you all need to read before the Fall sets in):

Readers in Singapore have ordered: Different: Escaping the Competitive Herd by Youngme Moon and Lynn Carruthers (It’s about unorthodox business practices – think water pistols in the conference rooms… ok not that extreme, but a must read for people who think they need a little ‘shake up’.)

Australians last month were intrigued with The Lords of Strategy: The Secret Intellectual History of the New Corporate World by Walter Kiechel.  What is so unique about this book is that it re-images corporate strategy and how it compares it to the modern workforce environment.

Canadians enjoyed The Talent Advantage: How to Attract and Retain the Best and the Brightest by Aklan Weiss and Nancy MacKay.  This handy book gives insight in using/tapping into talent within your company – sort of like a guide in maintaining and getting new talent especially in today’s job market.

In July, people in Mexico had a hankering for a book entitled The Future of Management by Gary Hamel and Bill Breen – a great book about business innovation that will help maintain a companies momentum.

Costa Ricans dipped it’s interest in 140 Characters by Dom Sagolla.  This little gem is about how to get your point across in today Twitter world.  short, precise and yet influential.  I’d explain further, but that’d be longer than 140 characters.

While it is late in the month to get you what was HOT HOT HOT in July, I do hope that each and everyone of you guys takes a moment to see if one of these books may be the right book for you, too!

Have a GREAT rest of August …. and I promise not to make it as long of a wait for the next line up of what the rest of the  world is reading.

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December 17, 2009

TIME’s Person of the Year – In Fed We Trust

Filed under: Big Ideas,Global Business,History and Biographies,Leadership,Uncategorized — dylan @ 5:10 pm
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Time magazine has picked its person of the year, beginning their description of him thus:

A bald man with a gray beard and tired eyes is sitting in his oversize Washington office, talking about the economy.

Hooked yet? Try this:

He’s shy … he prefers to eat at home with his wife, who still makes him do the dishes and take out the trash. Then they do crosswords or read. Because Ben Bernanke is a nerd.

Ben Bernanke was eerily suited to be the Fed Chief during a time of crisis. His life before public service was that of a scholar, and his scholarship was in the Great Depression. That serendipity might just be what has saved us—if indeed we are saved—from another full-blown depression.

Bernanke has caught a lot of political flack for his decisions—from both sides of the aisle. It wasn’t a particularly populist move to pump hundreds of billions of dollars into a financial system that had just failed the country on so many levels. However, as Time‘s Managing Editor Rick Stengel stated last night on Charlie Rose, “The financial system and the economy are two different things, but if the financial system goes down, it takes the economy with it.” Being a scholar of the Great Depression, Bernanke knew this and did what he thought necessary to prop up the financial system to stave off the worst-case scenario for the entirety of the American (and therefor world) economy.

There seems to be a growing number of folks distrustful of government intervention in the markets, in any scenario, that are worried about Bernanke’s moves. Ron Paul’s call to literally End the Fed is a bestseller, for example. But even Milton Friedman, the “OG” of distrust in government intervention, thought it necessary for the state to pump money into the economy in times of crisis. As David Wessel asserts in his great book In Fed We Trust: Ben Bernanke’s War on the Great Panic, published by Crown Business in August:

“Today, the notion that the government should or would stand by as the stock market crashed, credit markets stalled, and the economy tumbled over the abyss seems implausibly bizarre. The public, politicians, professors, and the press have been shaped by searing memories or photographs from the Great Depression, the years in which the unemployment rate rose to 25 percent and the county’s output of goods and services declined by 29 percent over four years. The lasting lesson—taught by economists with views as different as John Maynard Keynes and Milton Friedman, the leading economic minds of the twentieth century—is embraced almost universally by politicians and economic policy makers: government can and should act to prevent such a dangerous downward financial and economic spiral” (page 46).

Bernanke went so far as to use Friedman’s ideas to rationalize his intervention:

“The government might, he suggested, cut taxes, increase the federal deficit, and issue bonds that the Fed would buy by printing money. This, he said, was ‘essentially equivalent to Milton Friedman’s famous “helicopter drop” of money.’ (Friedman used the line in 1969 to argue that depression and deflation were avoidable. If nothing else worked, the Fed could send a helicopter to drop dollar bills to get people spending.)” (In Fed We Trust page 78).

This sounds like it could have come straight out of the Keynesian playbook, but Bernanke is no reincarnation of the great John Maynard Keynes,* who, in the words of author Robert Skidelsky, “gave governments two
tasks: to pump up the economy with air when it starts to deflate, and to minimize the chances of serious shocks
happening in the first place.” (Keynes page xiv). Rather, Bernanke has acted an apolitical steward that has worked for two separate, almost ideologically opposite presidents, that has managed to avert an almost certain disaster. I think he’s a fine choice for person of the year, and as Michael Grunwald wrote for TIME:

“He’s earned the benefit of the doubt. It’s now up to our dysfunctional political system to let him do his job—and to fix the financial system so that he never has to save the world again.”

*There were a number of great books published on Keynes and his economic philosophy this year, including:

  • Keynes: The Return of the Master
  • Keynes: The Rise, Fall, and Return of the 20th Century’s Most Influential Economist
  • Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles, and Busts
  • The Keynes Solution: The Path to Global Economic Prosperity

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December 15, 2009

8cr Global: Angels Abroad

Filed under: Blog,Global Business — Jon @ 6:00 am
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8crglobal

8cr Global is a series of guest posts from around the world, discussing ideas about business from a variety of perspectives.  More info about each author is located at the end of each post, and you can recognize each 8cr Global entry by the title and logo at the top of each post.

Today’s entry is by Adam Daniel Mezei.  Enjoy!

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ANGELS ABROAD #1: So You’re Looking To Work Abroad?

by Adam Daniel Mezei

With the domestic job market slumping as badly as it has been this year, it’s hardly a surprise how young American and other Western graduates are increasingly on the prowl for more lucrative employment opportunities abroad. A controversial August 2009 New York Times article described the particularly curious phenomenon of young US college grads seeking out greener job pastures over in the People’s Republic of China, what with the explosive growth of the Chinese market in recent years, despite how the global financial crisis has particularly affected the West.

While experienced travelers may boast about the magic formula on how to contend with life as an “angel abroad,” there are legions of newcomers to the international job marketplace who will shortly be taking their first tentative steps into the global employment fray armed with nothing other than a Lonely Planet guidebook and the best of intentions.

Since leaving home is never an easy thing to do — even for the most seasoned travelers — the inveterate expat roadie can be relied upon to act as a veritable font of bankable knowledge and experiences about what corporate life is like abroad, so that’s where this post comes into the picture.

As US citizens, we must dually contend with the ignominious reputation we have also somehow cultivated around the globe as “Ugly Americans,” those stereotypical brash, bombastic, presumptive types who seem to have all the right answers but none of the humility nor deference which would otherwise be the comportment of the curious foreign visitor.

Given how few all-in-one travel guides promise to address all your burning questions about expatriate job and life success, perhaps you’re the kind of individual who’s asked themselves at some stage: “hey, isn’t there some kind of stepwise plan I can just follow that tells me how to deal with all of this stuff?”

If this defines you in any way, you’ll definitely want to read on. But, first, my friends, I present the facts:

Fact #1: No one expat experience is the same.

Just because things either worked out marvelously or bombed hideously for someone who blazed the trail before you, doesn’t mean it’ll work out exactly the same for you.

How to Counter It: The reason no one experience is the same is because the situation almost always changes once you hit the ground running.

Imagine the market as a living, breathing organism, dynamically interacting with you as you operate and make decisions within it. How you set the overall tempo of your life abroad is very much determined by who and what you encounter during your very earliest days, and it’s this fact alone which contributes — in my humble experience — to over half of the attitude you’ll eventually carry with you onward into the future in that particular market. How events may have transpired for you during your critical formative moments will very much determine how any and all subsequent events play out for you in the foreign posting, and this is the reason why no two expat experiences are exactly alike.

Living in Prague as I have been for the past four years, I’ve noticed several trends which contribute significantly to a positive expat experience in the Czech Republic:

  • Local spouse: having a Czech spouse to “fix” all purely local problems and challenges that may crop up over time will go a long way towards alleviating any potential stress you may otherwise experience.
  • Robust network: barring a spouse or significant other, your maintaining a robust network of local Czech (and non-Czech expat) friends to assist you with occasional dilemmas that will most definitely crop up can be a tremendous asset in assuaging any negative feelings which might otherwise arise. Isolation is bad in any situation, but it’s especially pernicious for the aspiring “angel abroad,” like you.
  • Speak the vernacular: while English is indeed the International Language of Business, it’s not viewed with as much enthusiasm in all places abroad. Try to grasp the rudiments and grammar of whichever foreign language is to be spoken in your local market — if it’s not English. Also try to do this before you touch down, and if you can’t, then get as quickly up to speed as can once you arrive. More than just a token gesture, this will go a long way towards giving you a lot of face and might even save your hide during certain rough patches. The locals will also respect you much more for trying, and this will give you lots of social capital and brownie points which you can cash in later.

Fact #2: Each international posting is deliciously unique, complex, and intricate in its own right.

While some markets may share distinctly similar characteristics or features, the unfortunate (or fortunate?) reality is that constantly and exhaustively reinventing the wheel is generally par for the course as part of any foreign assignment.

How to Counter It: I’ve always found it particularly amusing how expats come into a particular foreign setting believing their one-size-fits-all approach to dealing with the locals applies.
So my best advice to you is this: whatever you thought you knew, delete and try again.

Each country presents its own idiosyncratic regional, cultural, and business challenges (even religious ones) — for example, do I shake my interlocutor’s hand at the conclusion of a successful business meeting? Do I bow (and how deeply?) when greeting or saluting them, or do I do nothing whatsoever? Are smiles considered polite or deceptive?

Oftentimes, the penalties or kudos for omitting or fulfilling these specific cultural norms vary widely from market to market, and it will take a considerable amount of time before you master the nuances of the local scene. The key is to be patient and generous with yourself, be present-minded, and realize that you’re not going to snag it all in a couple of weeks or even a month’s time.

For example, in my local Czech, post-Communist context, there are certain things which are definitely faux-pas, which, regrettably, I’ve seen one too many foreigners get wrong:

** there is both formal and informal address for friends, business partners, and superiors. Unless someone gives you express permission to refer to them by their first name, always use the polite “you” form of speech until someone gives you permission to do otherwise. While this can also get exasperating for the average American businessperson — namely, there definitely exists a time limitation in the US for how long we refer to someone by their last name, in the Czech Republic the “Mr.” or “Ms.” remains in effect (sometimes indefinitely) until someone politely requests to change the level of formality.

Ironically, I’ve often requested to drop the polite formalities with people whom I’ve known for quite a while yet been politely refused. That means, we are obligated — on pain of losing contact — to maintain the charade of “Mr.” and “Ms.” and polite “you” address.

** requests to pay invoices in the Czech Republic are not optional, or what I like to call “the German system.” Once you agree to pay, there’s usually no going back. I’ve often seen how American businessmen will often accept invoices from their Czech stakeholders for services rendered, only to then defer payment for a month, even longer, which is deemed totally unacceptable and would be strange to a Czech businessman. If it’s not your intention to pay for something you’ve used, don’t agree to accept an invoice. The act of paying one should not be a ploy or a ruse. Be straightforward.

** while a warm smile may transmit positivity and be a welcome facial expression in the United States, smiles aren’t similarly interpreted in other parts of the world. In the Czech Republic, for instance, during former Communist times, smiling typically indicated that the “smiler” often had something to hide. Bad news was usually delivered by agents of the regime (secret policemen, informants, and/or other sniveling bureaucrats) via a toothy, saccharine smile, often to soften the blow of the boom which would eventually fall. Czechs of the older generations — the sorts Western businessmen would typically be interacting with — will have internalized this lesson well, so don’t necessarily presume that your affable, bubbly persona will go down equally well everywhere around the globe.

Fact #3: Expats, by their very existence in a market, are outsiders.

Prepare to be judged on this standard, regardless of how sympathetic might aspire to behave vis-a-vis the local culture or society. By your very existence in a foreign country, you’re broadcasting all sorts of hidden and not-so-hidden messages to the local population.

How to Counter It: Getting down to the brass tacks of the matter, not all locals are happy to have foreigners in their midst.

To be sure, a vigorous skills transfer may exist for certain key market segments which may fully justify the presence of increased numbers of more experienced foreign professionals in a given country or context, but this phenomenon eventually reaches a critical mass. When the locals become sufficiently skilled enough to handle the rigors of running their local operation (of a larger MNC, for instance), tolerance for foreign “carpetbaggers” wears dreadfully thin.

I’ve also seen it happen that an expat can bone up all he wants about a given nation’s history, language, and culture, yet there are some intransigent knuckleheads who just never want to grant foreigners a fair shot because they’re from the “out group.” Unlike in the US, where the American Dream is accessible to all and sundry who call the US home, certain countries don’t possess the US’ magnanimous pedigree, and as such, they never get accustomed to the phenomenon where international employees can traverse the globe from one day to the next with electronic air tickets and a Western passport, globalization by any other name. Sadly, it’s just the way it is.

My personal experience in the Czech Republic is that the nation’s history of being repeatedly occupied over the past four centuries — save for its past two decades of sovereign rule and five years since 2004 as members of the EU — have honed an inborn horsepuckey radar amongst Czechs against the quick promises which some unscrupulous expats tend to dole out quite liberally. While many foreigners have genuinely positive intentions by living and working in the Czech Republic, this doesn’t excuse them from the — at least — initial suspicion their presence in a capital city like Prague may at first engender among the locals. Anyone with intentions of living in that country, for example, must take all of this into consideration. They become — by their very presence — the target of the hurt, scarring, and sorrow which has accumulated over the centuries that isn’t even directly attributable to anything they may have done personally.

So what does all of this mean for you and your professional aspirations abroad? Well, the good news is that others have already done the heavy lifting before you and hacked out a clear swathe through the sometimes murky foreign business environment. Their experiences are like a torch to guide your way.
You should have yourself a good think about some of the above suggestions, and while they may not be exactly the right answers for you, they may at least get you thinking about your upcoming international posting (or planned posting), and start you off on the right foot as part of a promising international career.

About Adam Daniel Mezei:
For the past four years, this self-described “crazy Canuck” from Toronto has been an expat in Prague, Czech Republic. More about ADM can be found here.

As part of a new series of writing called Angels Abroad, written exclusively for 8cr Global, I’ll be making regular weekly dispatches detailing my experiences with life and work abroad as an expatriate employee and business owner for those thinking about taking up an international posting, or for those already deeply engaged in one. I’ll be sharing with you the things I’ve seen, heard, and witnessed over my time working and living in international markets, and hopefully, through these discussions — and with your permission, of course — we might help each other to avoid the pitfalls.

Should you have any questions or particular stories you’d like me to cover, I can be reached at adam@adamdanielmezei.com.

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November 13, 2009

Office Metamorphosis: A New Beginning

Filed under: Global Business — Tags: General Business — Roy @ 9:44 am
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800CEOREAD has been undergoing some big changes this year… and one of them deals with our office….. we’re getting a facelift! Yeppers, 8CR is moving from one part of our space (in back) and going into the main office (in front). In the meantime – everything… and I do mean EVERYTHING is stocked, piled and pushed into our space until the construction is done.

It’s a tight fit, but at least we all work together quite well!

Here are some pics of the endeavor – we’ll be posting more as the work continues. If you call up and hear clanging in the back, now at least you’ll know why!

Demo 1
Demo 10
Demo 2
Demo 3
Demo 4

Demo 5
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Demo 8
Demo 9


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November 5, 2009

October's Best Selling International Titles

Filed under: Global Business,International Bestsellers — Tags: Best Sellers, Business, General Business, International Best Sellers — Roy @ 2:26 pm
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It’s been awhile! A whole summer, in fact! Have you felt as much out of the loop as to what’s HOT across the seas, oceans and borders of the world as I have? Well fear no longer, gentle reader for I have got 800CEOREADs listings of what business types and cohorts are reading! So, if you’re wondering what’s shakin’ in Shanghai or what’s new in Newfoundland – hang on tight, for we’re going around the globe -

Take a look at our

    TOP TEN INTERNATIONAL BEST SELLING BOOKS of OCTOBER 2009:

No. 1 - Australia: Put More Cash in Your Pocket by Loral Langemeier

No. 2 – Finland: Your Brain at Work by David Rock

No. 3 – Japan: Innovation Nation by John Kao

No. 4 – Germany: Top Talent by Sylvia Ann Hewlett

No. 5 – France: Profiting from Uncertainty by Paul J H Schoemaker and Robert E Gunther

No. 6 – Germany: Fixing Global Finance by Martin Wolf

No. 7 – United Kingdom: Secret Language of Competitive Intelligence by Leonard Fuld

No. 8 – Spain: Rise of the Creative Class by Richard Florida

No. 9 – Spain: Who’s Your City by Richard Florida

No. 10 – Singapore: How Remarkable Women Lead by Joanna Barsh, Susie Cranston and Geoffrey Lewis

These were are top selling individual books that were the popular different titles that shipped to various locations last month. But there was one book that surpassed all other titles in going to the most locations …

Your Brain at Work by David Rock…. that was THE MOST SHIPPED book last month!!

    coverart

It went to over 50 different locations all over the world to countries such as Australia, Mexico, Prague, South Africa and the United Kingdom – - just to name a few! Whew! That’s a lot of traveling for just a little guy – and that was all in one month!

I wonder what November looks like …. Guess we’ll find out! Stay tuned, folks!

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August 31, 2009

Devastating Intelligence

Filed under: Blog,Global Business,Social Responsibilty — Jon @ 1:37 pm
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“Details of Bravo’s destruction were so deeply unsettling that over the next five years, the Atomic Energy Commission released only fragments of reports about it. Even a report to Congress was delayed due to “international political sensitivity.” Most of the scientific studies of radiation were conducted by academic institutes funded by the AEC. And many of the scientific articles published in the open literature followed AEC reports that had been classified – and unchallenged – for several years. Together, these limitations assured strong agency influence over public knowledge of the extent of destruction and contamination that would likely follow an attack. And it demonstrated the potent role that classified information could play to insulate political and military leaders from public criticism and accountability.”

This is from a book no one wants to know exists. In fact, much of the details, such as referred to above, reveal the government’s habit of keeping much information about toxin levels in our environment out of view. However, though it’s not information we want to understand as truth, the content of this book affects us all, has affected us for a long time, and holds future consequences we are not even yet aware of. It’s an important book.

John Wargo’s Green Intelligence: Creating Environments That Protect Human Health describes the incredible destruction that’s been done to our environment, and how that damage, on a molecular level, is evidenced in every existing soil, plant, animal, and human in existence today. Starting with nuclear testing, progressing through pesticides, mercury in food, and ending in plastics manufacturing, progress has carried a catastrophic price tag, and our only hope now, according to Wargo, is to deal with it on a creatively defensive level going forward. There is no way to erase the effects already in place, but we can do something about contributing to them further.

This isn’t an environmental book about being nice to people, animals, etc. It’s a book of very stark facts about the world we live in, written with intelligence, insight, and profound recommendations of how we can deal with, somewhat literally, the black cloud over our heads.

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July 16, 2009

International Best Sellers for June

Filed under: Book Reviews,Global Business,International Bestsellers — Tags: Book Reviews, Global Business, International Best Sellers, Roy — Roy @ 10:01 am
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Yes, Spring has come and gone and now the lazy days of summer lie ahead. For some anyway. While many go on vacation (perhaps to a Six Flags for a new coaster ride or two) others are still reading away during the hot months of the year. Here’s what some people outside of the United States are taking to their air conditioned offices or to beach…

Germany – tops the listing in June with the book, Collaboration: How Leaders Avoid the Traps, Create Unity and Reap Big Results. It was published earlier this year and available in hardcover right now. It tells the reader why some leaders can lead while others fail. It’s written by Morten Hansen and published by Harvard Business School Press

Switzerland – is next with the book Made to Stick: Why Some Ideas Survive and Others Die. This is quite a popular book and if you haven’t checked this book out yet, what are you waiting for? This title delves into marketing campaigns that have worked for companies and is a must for anyone in the marketing/sales area. Actually it’s good for anyone trying to get inspiration. And if you don’t want to take this to the water’s edge – it’s on CD format too! Oh, it’s written by Chip Heath and Dan Heath and published by Random House.

United Kingdom – comes in third with No Man’s Land: A Survival Manual for Growing Midsize Companies. The paperback edition was just released in January of this year and gives advice to companies that are in limbo (not too big or not too small). It’s written by Doug Tatum and published by Portfolio.

China – is next up with the book Inside the Mind of the Shopper: The Science of Retailing. And, you may have guessed it, but it deals with the retail experience and how to understand the customer in various business transactions (What they’re thinking, how they behave and how they can impact how business is conducted, etc). This is written by Herb Sorenson and Wharton School published it this May.

China is also responsible for our last entry in June’s international best sellers with the book A Sense of Urgency. Global author John P. Kotter penned this little gem of how to take the first step in transforming your organization. He creates this ‘sense of urgency’ by getting the reader able to envision the need to shake things up. Put out by Harvard Business School Press in 2008 – it still is a much needed tool in these turbulent times.

There you have it, just a little sampling of what different individuals are stuffing into their briefcases or beach bags this summer. Maybe it’s given you an idea of what you would like to read or learn more about. Maybe this has you realizing that you haven’t done any reading this summer (shhh I won’t tell).

Happy reading!

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February 18, 2009

Titles Now in Spanish!

Filed under: Advertising,Foreign Titles,General Business,General Management,Global Business,Leadership,Marketing,Personal Development,Safety, Health, and Wellness,Sales — Roy @ 9:24 am
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Here are some new titles that are currently from Urano and Roca publishers. If you don’t speak/read Spanish, then perhaps you know someone that does. I’ve linked to the English versions where applicable – check them out as well!

Mate a Sus Vacas Sagradas or Death to All Sacred Cows by David Bernstein, Beau Fraser and Bill Schwab: Written by the owners of advertising agency The Gate Worldwide, this book aims to take the sacred cows of business out to pasture, showing how adages like ‘always trust your research’, ‘success breeds success’ and ‘the customer is always right’, are not only old and tired but may lead a business completely astray.

Planeta Sediento, Recursos Menguantes or Thirsty Planet, Dwindling Resources by Michael T. Klare: Recently, an unprecedented Chinese attempt to acquire the major American energy firm Unocal was blocked by Congress amidst hysterical warnings of a Communist threat. But the political grandstanding missed a larger point: the takeover of a new structure of world power, based not on market forces or on arms and armies but on the possession of vital natural resources.

Mejora esa Actitud or Improving this Attitude by Jerry Minchinton: Each of us, without exception, is born with innate talens and skills that too often are not developed due to be blocked by negative thougths and attitudes. The purpose of this book is to encourage those talents and help open new opportunities and ideas. If you have mental or emotional patterns that stop you from active participation in life, now you know how to change them. To achieve the changes you want, you must look after the seeds of your future care and feeling well.

Happy Reading and/or Referring these Titles!

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October 24, 2008

We met the guy who invented the VCR.

Filed under: Global Business — Kate @ 10:57 am
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Richard Elkus is his name. And well, he didn’t invent the VCR himself but he led the team that invented the VCR. He flew into Madison to speak about his book, Winner Take All, for one of our LeaveSmarter events.
And leave smarter we did. Richard is incredibly knowledgeable about an array of subjects. When watching him speak, you can see the gears turning in his head, pulling together the dispersed pieces of knowledge he possesses to deliver a well-thought explanation of the subject at hand.
Here’s a clip of his presentation. In this segment he talks about the question that’s on everyone’s minds — where’s the economy going? (Side note, turn the volume up a bit; no microphone on this video.) For another view, here’s Richard on CSPAN.
Thanks for joining us, Richard. Hopefully the taxi found you.

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