Business students will find plenty of case studies to put to use.
Business writings from the richest man in the world.
In an admiring introduction, Walter Isaacson praises Bezos for his “insatiable, childlike, and joyful curiosity about almost everything.” A “voracious reader” who devoured science fiction—taking lessons, it seems, from Robert Heinlein in particular—Bezos has since become one of the leading private investors in space exploration. To get there, however, he had to forge a business empire that grew from 10 employees to 750,000 over the last quarter-century. In this collection of shareholder letters and occasional writings, Bezos immediately emerges as the kind of businessperson who clearly believes the maxim that if it can’t be measured, it can’t be managed. He’s a demon for quantification, noting, for instance, that over a seven-year period, Amazon’s “Frustration-Free Packaging Program” grew from 19 products to more than 400,000 and by 2015 had “eliminated tens of millions of pounds of excess packaging.” Corporate cheerleading is minimal compared to that sort of quantification, although a mantra is that investors should prefer “missionaries” over “mercenaries,” the latter of whom “are trying to flip their stock” while the former are “trying to build a great service.” Those with an interest in business history will find that charting the evolution of Amazon from annual letter to annual letter is a fascinating exercise in constant self-invention: The company began as a bookstore but always with an eye, as Bezos wrote in 1999, of becoming “a place where customers can come to find and discover anything and everything they might want to buy online.” Of ancillary interest are Bezos’ account of how he came to buy the Washington Post and his commitment, clearly inspired by that love of science fiction, to use some of his fortune to set the stage for building space colonies “that would be really pleasant places to live.”
Business students will find plenty of case studies to put to use.Pub Date: Nov. 17, 2020
ISBN: 978-1-64782-071-8
Page Count: 256
Publisher: Harvard Business Review Press
Review Posted Online: Sept. 9, 2020
Kirkus Reviews Issue: Oct. 1, 2020
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
BOOK REVIEW
IN THE NEWS
A clearly delineated guide to finally eradicate poverty in America.
A thoughtful program for eradicating poverty from the Pulitzer Prize–winning author of Evicted.
“America’s poverty is not for lack of resources,” writes Desmond. “We lack something else.” That something else is compassion, in part, but it’s also the lack of a social system that insists that everyone pull their weight—and that includes the corporations and wealthy individuals who, the IRS estimates, get away without paying upward of $1 trillion per year. Desmond, who grew up in modest circumstances and suffered poverty in young adulthood, points to the deleterious effects of being poor—among countless others, the precarity of health care and housing (with no meaningful controls on rent), lack of transportation, the constant threat of losing one’s job due to illness, and the need to care for dependent children. It does not help, Desmond adds, that so few working people are represented by unions or that Black Americans, even those who have followed the “three rules” (graduate from high school, get a full-time job, wait until marriage to have children), are far likelier to be poor than their White compatriots. Furthermore, so many full-time jobs are being recast as contracted, fire-at-will gigs, “not a break from the norm as much as an extension of it, a continuation of corporations finding new ways to limit their obligations to workers.” By Desmond’s reckoning, besides amending these conditions, it would not take a miracle to eliminate poverty: about $177 billion, which would help end hunger and homelessness and “make immense headway in driving down the many agonizing correlates of poverty, like violence, sickness, and despair.” These are matters requiring systemic reform, which will in turn require Americans to elect officials who will enact that reform. And all of us, the author urges, must become “poverty abolitionists…refusing to live as unwitting enemies of the poor.” Fortune 500 CEOs won’t like Desmond’s message for rewriting the social contract—which is precisely the point.
A clearly delineated guide to finally eradicate poverty in America.Pub Date: March 21, 2023
ISBN: 9780593239919
Page Count: 288
Publisher: Crown
Review Posted Online: Nov. 30, 2022
Kirkus Reviews Issue: Jan. 1, 2023
BOOK REVIEW
PERSPECTIVES
PERSPECTIVES
SEEN & HEARD
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