by Lak Ananth ‧ RELEASE DATE: Dec. 7, 2021
A well-organized and engagingly written book about learning from losses.
Awards & Accolades
A fresh look at how businesses fail and succeed.
In this debut book, Ananth—the CEO of venture firm Next47 who’s worked for such major technology companies as Cisco Systems and Hewlett-Packard—explores the main reasons why business decisions don’t work out. He groups them into seven primary categories: failure to appeal to customers’ needs, technology issues, poor product quality, unsuccessful teams, bad timing, poor business models, and troubled execution. The book looks at a range of real-world examples, such as how cutting-edge gyroscopes and accelerometers weren’t enough to get the Segway transportation device past such hurdles as insufficient infrastructure and an unshakeable perception of nerdiness. Ananth contrasts consumers’ responses to the Apple Newton and PalmPilot, two personal digital devices with similar aims that took different approaches to the marketplace, and he explains how the maker of the Tata Nano automobile identified a substantial gap in India’s transportation options but failed to understand customers’ motivations and perceptions: “No one wanted to tell the world that they had bought a cheap car because that was all they could afford.” Scooter-sharing services illustrate the problem of basing a company on an unsustainable business model, and the music company EMI’s move into CT scanner manufacturing serves as an example of how the first company to develop a technology isn’t always the one that’s commercially successful. Each chapter presents companies that have avoided such obstacles, as well, and presents lessons along with coaching sessions designed to guide readers toward the best decisions.
Overall, this book is full of useful, actionable information while remaining a quick and easy read thanks to Ananth’s no-frills, conversational prose style and a wealth of intriguing subject matter. Readers will appreciate that the author generally stays away from business jargon (with the noteworthy exception of the repeated term go-to-market) and keeps the Silicon Valley name-dropping to a reasonable level, piquing readers’ interest without becoming grating. The book does a good job of treating business failures as learning opportunities rather than existential disasters or moral crises and also shows how leaders’ decisions went wrong without making personal judgments about the decision-makers. At the same time, Ananth makes it clear that successfully implementing his book’s lessons isn’t easy to accomplish, and he highlights several businesspeople who are celebrated for high-profile wins while showing how these same people lost in equally spectacular ways. The thematic organization of these stories is an effective device, as it makes the book’s overall logic clear and easy to follow. Ananth shows a talent for selecting anecdotes that are most likely to capture a reader’s interest while also effectively illustrating a key concept. Overall, he proves himself to be a fine storyteller, always placing the book’s narrative ahead of its didactic qualities. With its attractive presentation and solid information, the work is sure to appeal to avid readers of business literature, and it will particularly attract those in search of high-level and nontechnical analysis delivered concisely and coherently.A well-organized and engagingly written book about learning from losses.
Pub Date: Dec. 7, 2021
Page Count: 185
Publisher: Ideapress Publishing
Review Posted Online: Oct. 11, 2021
Review Program: Kirkus Indie
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by Jonah Berger ‧ RELEASE DATE: March 7, 2023
Perhaps not magic but appealing nonetheless.
Want to get ahead in business? Consult a dictionary.
By Wharton School professor Berger’s account, much of the art of persuasion lies in the art of choosing the right word. Want to jump ahead of others waiting in line to use a photocopy machine, even if they’re grizzled New Yorkers? Throw a because into the equation (“Excuse me, I have five pages. May I use the Xerox machine, because I’m in a rush?”), and you’re likely to get your way. Want someone to do your copying for you? Then change your verbs to nouns: not “Can you help me?” but “Can you be a helper?” As Berger notes, there’s a subtle psychological shift at play when a person becomes not a mere instrument in helping but instead acquires an identity as a helper. It’s the little things, one supposes, and the author offers some interesting strategies that eager readers will want to try out. Instead of alienating a listener with the omniscient should, as in “You should do this,” try could instead: “Well, you could…” induces all concerned “to recognize that there might be other possibilities.” Berger’s counsel that one should use abstractions contradicts his admonition to use concrete language, and it doesn’t help matters to say that each is appropriate to a particular situation, while grammarians will wince at his suggestion that a nerve-calming exercise to “try talking to yourself in the third person (‘You can do it!’)” in fact invokes the second person. Still, there are plenty of useful insights, particularly for students of advertising and public speaking. It’s intriguing to note that appeals to God are less effective in securing a loan than a simple affirmative such as “I pay all bills…on time”), and it’s helpful to keep in mind that “the right words used at the right time can have immense power.”Perhaps not magic but appealing nonetheless.
Pub Date: March 7, 2023
Page Count: 256
Publisher: Harper Business
Review Posted Online: March 23, 2023
Kirkus Reviews Issue: April 15, 2023
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by Daniel Kahneman ‧ RELEASE DATE: Nov. 1, 2011
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
Page Count: 512
Publisher: Farrar, Straus and Giroux
Review Posted Online: Sept. 3, 2011
Kirkus Reviews Issue: Sept. 15, 2011
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