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FROM PANIC TO PROFIT

UNCOVER VALUE, BOOST REVENUE, AND GROW YOUR BUSINESS WITH THE 80/20 PRINCIPLE

A fast-paced and engaging account of taking a business from weakness to strength.

Awards & Accolades

Our Verdict

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A turnaround expert advises business leaders on moving to profitability.

In this business book, Canady draws on his experience as a CEO often hired to rehabilitate companies in financial and operational trouble to discuss how to establish the conditions that allow businesses to thrive. The Pareto principle underlies the author’s approach—Canady explains to readers how to shift a company’s focus to the 20% of products and customers that deliver the majority of the business’ revenue, resulting in more profitable operations. The author contends that businesses need to earn “the right to grow,” which they can do by setting a goal and making an action plan. The book provides a detailed example of such a process, using a pseudonymous company Canady once ran on behalf of its private equity owners. The author takes readers through the process of segmenting both products and customers into the profitable 20% and the unprofitable 80%, offering suggestions on how to maximize the value of the unprofitable majority. Canady advises readers on how to get staff aligned with corporate goals, how to measure progress and profitability, and how to approach an existing business with a fresh mindset in order to make the changes needed for its survival. Sometimes, the author’s analogies are overstretched (like his claim that Thoreau set a goal of “achieving a trivial-to-critical ratio of 95/5” when he moved into a cabin by Walden Pond), but readers will generally find enough substance in the text to allow them to overlook some rhetorical excesses and unnecessary repetition (the concept of “zeroing-up” is defined at length twice). On the whole, the book is highly readable, offers actionable advice, and gives readers a solid understanding of what it takes to make a business profitable. Canady’s enthusiasm for the turnaround process drives the narrative pace, making the book a quick read with meaty sections readers will return to when they are ready to apply its lessons to their own workplaces.

A fast-paced and engaging account of taking a business from weakness to strength.

Pub Date: April 29, 2025

ISBN: 9781394331581

Page Count: 256

Publisher: Wiley

Review Posted Online: March 18, 2025

Kirkus Reviews Issue: May 1, 2025

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THINKING, FAST AND SLOW

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...

A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

Pub Date: Nov. 1, 2011

ISBN: 978-0-374-27563-1

Page Count: 512

Publisher: Farrar, Straus and Giroux

Review Posted Online: Sept. 3, 2011

Kirkus Reviews Issue: Sept. 15, 2011

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THE PSYCHOLOGICAL SAFETY PLAYBOOK FOR CHANGEMAKERS

A passionate and accessible guide to humanizing the workplace.

Helbig and Norman present a game plan for making leadership more responsively human.

In this expanded update to The Psychological Safety Playbook: Lead More Powerfully by Being More Human (2023), the authors provide “practical strategies for responding to resistance, sparking change, embodying the change we want to see, and moving forward deliberately,” specifically in a business setting. They suggest ways to encourage what they call “changemakers” through the use of five key “plays” from their playbook: Communicate Courageously, Master the Art of Listening, Manage Your Reactions (“shift from automatic reaction to conscious response to stay better connected to yourself and others”), Embrace Risk and Failure, and Design Inclusive Rituals. The goal is to ensure that organizational cultures promote psychological safety, guided by leaders who “walk the talk” by emphasizing their own humanity at every turn. (“We must be the first to share our own failures with our teams, which will start to make it possible for others to do the same.”) This call for example-setting is sounded throughout the book as Helbig and Norman urge their target audience (leaders and would-be leaders) to go beyond mere instruction and instead embody the qualities they want to see in their subordinates, such as continuous learning, active curiosity, and self-reflection. Each chapter includes a detailed “Recommended Reading” section and text with extensive numbered and bulleted points formatted to make the core concepts more immediately digestible. The authors effectively employ clear and empathetic prose to assure readers that psychological safety is slow to build and quick to break, observing that such safety requires steady attention and delivers outsize payoffs as a result. They refreshingly ground a great deal of the material in psychology and neuroscience, pointing out, for instance, that research has demonstrated that the parasympathetic nervous system responds to honest appreciation, which improves creative thinking. Some wistful readers might consider some of the authors’ suggestions beyond the reach of their own organizations, as when group facilitators are advised to “gently intervene when someone dominates the conversation,” but hope springs eternal.

A passionate and accessible guide to humanizing the workplace.

Pub Date: May 19, 2026

ISBN: 9798993550503

Page Count: 170

Publisher: Crazy Idea Press

Review Posted Online: April 23, 2026

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