by David B. Yoffie ; Michael A. Cusumano ‧ RELEASE DATE: April 14, 2015
A provocative account of the outsized contributions of these modern-day robber barons.
The co-authors of the bestselling Competing on Internet Time: Lessons from Netscape and Its Battle with Microsoft (1999) attempt to extract timeless principles of strategic leadership from the unique business-building skills of tech titans Bill Gates of Microsoft, Andrew Grove of Intel and Steve Jobs of Apple.
Yoffie (International Business Administration/Harvard Business School) and Cusumano (Management and Engineering/MIT) revisit the careers of the three individuals perhaps most responsible for conceiving and producing the history-making shift to personal computers in the 1980s. “None of the three,” the authors write, “was the type of well-rounded general manager that top business schools…try to produce.” All mostly self-taught, they lacked formal business training and learned leadership and organizing skills on the job. They were strategic thinkers who put countless time and effort into the thought and research necessary to maintain their companies' rapid developments. Throughout their careers, they competed against each other—especially Gates and Jobs—as fiercely as they did their other business rivals. Yoffie and Cusumano distill from their combined histories five principles, and they address, and further differentiate, each in its own chapter. These include “Look Forward, Reason Back,” “Making Big Bets, Without Betting the Company,” “Building Platforms and Ecosystems—Not Just Products,” “Exploit Leverage and Power—Play Judo and Sumo,” and “Shape the Organization Around Your Personal Anchor.” While delineating these principles, the authors don’t overlook the sometimes-underhanded, borderline illegal processes of the respective companies. Microsoft's ruthless pursuit of monopoly power left a trail of vanquished competitors, and Intel achieved its monopoly through manufacturing prowess and extreme defensiveness. The circumstances each company addressed were specific enough, as was the learning process required for mastery, to perhaps undermine the authors' claims for the timelessness of their five principles, but the lessons should be useful for managers and entrepreneurs.
A provocative account of the outsized contributions of these modern-day robber barons.Pub Date: April 14, 2015
ISBN: 978-0-06-237395-3
Page Count: 288
Publisher: Harper Business
Review Posted Online: Jan. 21, 2015
Kirkus Reviews Issue: Feb. 1, 2015
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by Abhijit V. Banerjee & Esther Duflo ‧ RELEASE DATE: Nov. 12, 2019
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
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More About This Book
SEEN & HEARD
by Enrico Moretti ‧ RELEASE DATE: May 5, 2012
A welcome contribution from a newcomer who provides both a different view and balance in addressing one of the country's...
A fresh, provocative analysis of the debate on education and employment.
Up-and-coming economist Moretti (Economics/Univ. of California, Berkeley) takes issue with the “[w]idespread misconception…that the problem of inequality in the United States is all about the gap between the top one percent and the remaining 99 percent.” The most important aspect of inequality today, he writes, is the widening gap between the 45 million workers with college degrees and the 80 million without—a difference he claims affects every area of peoples' lives. The college-educated part of the population underpins the growth of America's economy of innovation in life sciences, information technology, media and other areas of globally leading research work. Moretti studies the relationship among geographic concentration, innovation and workplace education levels to identify the direct and indirect benefits. He shows that this clustering favors the promotion of self-feeding processes of growth, directly affecting wage levels, both in the innovative industries as well as the sectors that service them. Indirect benefits also accrue from knowledge and other spillovers, which accompany clustering in innovation hubs. Moretti presents research-based evidence supporting his view that the public and private economic benefits of education and research are such that increased federal subsidies would more than pay for themselves. The author fears the development of geographic segregation and Balkanization along education lines if these issues of long-term economic benefits are left inadequately addressed.
A welcome contribution from a newcomer who provides both a different view and balance in addressing one of the country's more profound problems.Pub Date: May 5, 2012
ISBN: 978-0-547-75011-8
Page Count: 304
Publisher: Houghton Mifflin Harcourt
Review Posted Online: April 3, 2012
Kirkus Reviews Issue: April 15, 2012
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