This realistic and hopeful manual shows how accomplished individuals can tackle problems whose victims often lack resources...
How experienced leaders in business and other professions can act on their “youthful idealism” and make a difference in addressing complex societal problems.
Harvard Business School professor Kanter (Move: Putting America's Infrastructure Back in the Lead, 2015, etc.) directs Harvard’s Advanced Leadership Institute, which, since 2008, has helped some 500 retired CEOs and others gain the “outside-the-building, silo-busting” skills needed to take on “messy, complex systems problems” ranging from income inequality to human trafficking. In this striking book, the author distills the lessons learned in the program, in which successful men and women, eager to do good measured in lives improved rather than income earned, explore societal issues of interest, take classes on relevant topics outside their own area of expertise, and use their “capabilities, connections, and cash” (the latter not necessarily their own) to create cross-sector coalitions in pursuit of social change. Drawing on 50 case studies and hundreds of interviews, Kanter tells riveting stories of “bold, imaginative” leadership: A Trader Joe’s CEO fights hunger, an Anheuser-Busch CEO confronts educational disparities in St. Louis, a European banker creates partnerships to finance improved ocean health, and a Hong Kong investment banker helps women work in Southeast Asia. In each case, the societal issue is rife with ambiguity and conflict, with no single organization in charge, and the challenge is to find fresh, convention-defying approaches engaging many stakeholders. The author stresses the care with which participants must approach an issue, how they develop the ability to conduct “multiple efforts on multiple fronts,” and the challenges of working “across disciplines and institutional silos.” She is sometimes repetitious, but mainly to emphasize the powerful potential of her approach. Time alone will reveal the outcomes of these projects, she writes, but they hold much promise and could well serve as models for others.
This realistic and hopeful manual shows how accomplished individuals can tackle problems whose victims often lack resources to take action.Pub Date: Jan. 28, 2020
ISBN: 978-1-5417-4271-0
Page Count: 352
Publisher: PublicAffairs
Review Posted Online: Sept. 24, 2019
Kirkus Reviews Issue: Oct. 15, 2019
BOOK REVIEW
BOOK REVIEW
A declaration worth hearing out in a time of growing inequality—and indignity.
Noted number cruncher Sperling delivers an economist’s rejoinder to life, liberty, and the pursuit of happiness.
Former director of the National Economic Council in the administrations of Presidents Bill Clinton and Barack Obama, the author has long taken a view of the dismal science that takes economic justice fully into account. Alongside all the metrics and estimates and reckonings of GDP, inflation, and the supply curve, he holds the great goal of economic policy to be the advancement of human dignity, a concept intangible enough to chase the econometricians away. Growth, the sacred mantra of most economic policy, “should never be considered an appropriate ultimate end goal” for it, he counsels. Though 4% is the magic number for annual growth to be considered healthy, it is healthy only if everyone is getting the benefits and not just the ultrawealthy who are making away with the spoils today. Defining dignity, admits Sperling, can be a kind of “I know it when I see it” problem, but it does not exist where people are a paycheck away from homelessness; the fact, however, that people widely share a view of indignity suggests the “intuitive universality” of its opposite. That said, the author identifies three qualifications, one of them the “ability to meaningfully participate in the economy with respect, not domination and humiliation.” Though these latter terms are also essentially unquantifiable, Sperling holds that this respect—lack of abuse, in another phrasing—can be obtained through a tight labor market and monetary and fiscal policy that pushes for full employment. In other words, where management needs to come looking for workers, workers are likely to be better treated than when the opposite holds. In still other words, writes the author, dignity is in part a function of “ ‘take this job and shove it’ power,” which is a power worth fighting for.
A declaration worth hearing out in a time of growing inequality—and indignity.Pub Date: May 5, 2020
ISBN: 978-1-9848-7987-5
Page Count: 384
Publisher: Penguin Press
Review Posted Online: Feb. 25, 2020
Kirkus Reviews Issue: March 15, 2020
More uncommonly sensible investment guidance from a master of the game. Drawing on his experience at Fidelity's Magellan Fund, a high- profile vehicle he quit at age 46 in 1990 after a spectacularly successful 13-year tenure as managing director, Lynch (One Up on Wall Street, 1988) makes a strong case for common stocks over bonds, CDs, or other forms of debt. In breezy, anecdotal fashion, the author also encourages individuals to go it alone in the market rather than to bank on money managers whose performance seldom justifies their generous compensation. With the caveat that there's as much art as science to picking issues with upside potential, Lynch commends legwork and observation. ``Spending more time at the mall,'' he argues, invariably is a better way to unearth appreciation candidates than relying on technical, timing, or other costly divining services prized by professionals. The author provides detailed briefings on how he researches industries, special situations, and mutual funds. Particularly instructive are his candid discussions of where he went wrong as well as right in his search for undervalued securities. Throughout the genial text, Lynch offers wry, on-target advisories under the rubric of ``Peter's Principles.'' Commenting on the profits that have accrued to those acquiring shares in enterprises privatized by the British government, he notes: ``Whatever the Queen is selling, buy it.'' In praise of corporate parsimony, the author suggests that, ``all else being equal, invest in the company with the fewest photos in the annual report.'' Another bull's-eye for a consummate pro, with appeal for market veterans and rookies alike. (Charts and tabular material— not seen.)
Pub Date: March 1, 1993
ISBN: 0-671-75915-9
Page Count: 320
Publisher: Simon & Schuster
Review Posted Online: May 19, 2010
Kirkus Reviews Issue: Jan. 1, 1993
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