It clearly is a book about success. Andrew Hill is Management Editor of the Financial Times and organiser of the Financial Times and McKinsey Business Book of the Year Award. Best books of 2020: Fiction in translation. Rosamund Urwin has the answer in her selection of reads about the world of money. I remember after the fall of the Soviet Union, when many people were still quite optimistic about Russia. It’s very successful in lots of ways. Billion Dollar Burger: Inside Big Tech's Race for the Future of Food, by Chase PurdyAs meatless meat colonizes even the shores of fast food, Purdy, a writer for Quartz, reports on the potentially planet-changing disruption that may stave off hunger, endanger farm economies, and make some folks very rich. The business scene changed dramatically with every passing month and many of us were left dumbfounded by it, but that doesn't mean we can't grow to understand it. It may not be as different as the futurologists think. It’s not simply a list of the charts that they might have put out to their students and followers among economists. In #MeToo in the Corporate World she tackles the limitations and unintended consequences of the #MeToo movement, including male skittishness about mentoring or sponsoring junior women. But, in this case, it’s a company that has these extraordinary aspirations and the technology and brain power to bring them off. It’s a great story of the feuds of Silicon Valley, I suppose. by Tony Case . They’re presenting this rather shocking data of rising mortality rates among white, non-college-educated Americans. Yes, normally you’d find business books in a specific section in the bookshop or online. It’s called No Rules Rules by Reed Hastings, the founder of Netflix, and he’s teamed up with Erin Meyer, who is a professor at INSEAD business school, to write the book. They’ve done a lot of digging into the data for rising suicide rates and deaths from drugs overdoses and alcohol abuse —the ‘deaths of despair’ of the title—and how and why those have gone up. He produced it at incredible speed and rooted it as the definitive account of the crisis as it happened. But, clearly, at another end of the scale there is that glossy magazine element, which Frier actually describes very well—the way in which influencers and travel companies and others who wanted to project an image were polishing and honing their style on Instagram in a way that, in the end, was rather hollow. Reimagining Capitalism: How Business Can Save the World There’s a bit in the book where the chief executive, who is an academic focusing on social networks, foresees the data-mad and near-totalitarian 21st century that he was instrumental in helping to create. In Competing in the Age of AI, two Harvard Business School professors explain how to take advantage. Deaths of Despair and the Future of Capitalism Read. On the longlist we did have a few more. Let’s finish with a book that again steps back and looks at the bigger picture. For example: try delivering information ("I'll start again at 11 a.m.") instead of instruction ("Be back by 11 a.m.). I suppose the first thing to say is that because of the timing of the prize—the eligibility is mid-November to mid-November—it was very unlikely that any book would be able to tackle head-on the pandemic and its consequences. So the robots are going to take our jobs? As you say, in being a book about corporate culture, it’s squarely in the traditional business book genre. I suppose I was saying that obviously it hasn’t been replicated. I’m a big believer in the fact that work is useful not only because it’s productive and brings us income, but also because we find meaning in it. Were you saying the Netflix culture can’t be replicated? So there was Margaret Heffernan’s book Uncharted, which is all about preparedness, and then John Kay and Mervyn King’s book, Radical Uncertainty, about how to deal with uncertain times. Follow the topics in this article Those traditions have helped keep German factories running during the pandemic. Andrew Hill. There is a certain amount of that in this book, but by pairing up with Erin Meyer—who is an academic writing about corporate culture and differences between corporate and indeed national cultures— the book is framed as a sort of dialogue. Andrew Hill is Management Editor of the Financial Times and organiser of the Financial Times and McKinsey Business Book of the Year Award. So, critically, you have to have the right people on board in the first place. Before we get to the books that made the 2020 shortlist, can you give me a general sense what the Financial Times & McKinsey Business Book of the Year Award is about? It is an attempt to shape and direct policy and insert that into the presidential campaigns. Other successful startups have used it too, and the author explains how it works. Do you use it as a business journalist? The book very clearly and starkly illustrates the problems in the US. Personally, I’m braced for 2021 to feature a lot of books on that topic. There are other nice examples in there, including more familiar ones, like Unilever trying to make palm oil sustainable. So it’s got lots of uses. But few companies managed to match Netflix and that raises the question—which is partly what this book attempts to answer—of why it’s so difficult to replicate what Netflix does. You’re management editor of the Financial Times: what’s your take? But Reprogramming the American Dream author Scott should have an interesting perspective. This became a sort of bible for Silicon Valley in particular. This list of must-read books for #business leaders in the new year — from #blockchain and #leadership to business #growth and #data science — helps executives hone leadership skills and tackle the business and societal challenges of #2020. The 3 Best Business Books of 2019 (According to Every Other Best-of-2019 List) 11,000 business books are published every year. Clearly that’s one of the problems with universal basic income—which is an idea that’s discussed in this book, as it has been in various other books that we’ve looked at for the prize in the past. Maybe it’s not quite fair to talk about waves these days, but we may be subject to a wave of rather bad Covid-19 books before we get to the good one. Getty. This year we had a real range on the longlist—everything from gender diversity and the global economy through to the story of Mohammed bin Salman and his rise to power in Saudi Arabia. Kantrowitz, a BuzzFeed journalist, discusses Bezos, Facebook's Mark Zuckerberg, Google's Sundar Pichai, and other leaders of the colossi that--for good and ill--dominate our lives and economy. The fact that it happens to be Facebook and Instagram is maybe not as relevant. Whether you want to start a business, improve your business, or you want to be a better team member at work, this list of business books … Look no further. There have been very few companies that have done as well as Netflix has done. That was a real shock. In Always Day One he explains how such companies maintain a constant state of urgency and reinvention to avoid stasis and irrelevancy. Business Book of the Year Award 2019 — the shortlist. A bit like If Then and No Rules Rules, it’s another book about corporate cultures. She identifies some of the slightly wacky 1950s, 1960s elements of the story. So Hastings will say something and then Erin Meyer will write a part that either takes issue with that or expands on it or fills in some of the intellectual and academic backing for what he has observed. We’ve started using Instagram. In the US, the book is subtitled “in a world on fire.” The fire that she was referring to was literal there, the wildfires in Australia and California. Obviously, they’re working within a US system but, from the outside, a lot of the policy prescriptions that even candidates that are supposedly left-of-centre come up with look rather pallid. The Financial Times and McKinsey & Co. have named Sarah Frier’s No Filter as the winner of its 16th annual Business Book of the Year award. As a result, we had many more books that hadn’t yet been published and therefore required more intense reading, if you like, because there was no third-party judgment about whether they were books worth considering or not. I think that sort of scepticism can be useful, but when it becomes cynicism you end up with what you were describing, people saying it’s all the fault of capitalism, tear the whole thing down. Here are the three you need to crush 2020. Human good, machine bad. What interested me about this book—and the whole Facebook Instagram story—is the tale it tells of how difficult it is to integrate two different cultures. Is she trying to be funny? That would be throwing the baby out with the bathwater, which is what Henderson recognizes, I think. Share. “Although it was written pre-pandemic it plays very well into the obsession that we all have now with the future of work and how it’s going to turn out for us”. The 19 best business audiobooks in 2020. Best in Business 16 New Business Books You Need to Read in 2020 From the battle to be king of meatless meat to entrepreneurs' skirmishes with Amazon and Facebook, expect plenty of … So it’s a history, but one with great relevance for today. I suppose a question mark raised when we reviewed the book was just how important all this is, whether we’ll look back and think of this as a little blip in cultural history or whether this is an important moment, where Facebook takes out Instagram and perhaps stifles something that might have developed in a different way. “They’re looking at something that’s at the very core of Trumpism, the plight of white working-class Americans in the early 21st century”. By Elana Dure. Promoting Ruskinland was often about images, so an image site was the ideal place to be doing that. We researched and cross-referenced lists of the best business books according to influential business people and major media outlets. One theme emerging from the crisis has been an erosion between what is public and what is private, between what is properly the concern of the social sector and what responsibility is held by business. Getty. If you're enjoying this interview, please support us by donating a small amount. Measure What Matters by John Doerr Doerr is a venture capitalist and one of the early investors of Google. Including books about the rise of Instagram, the fall of WeWork, and the ultimate inside look at Donald Trump's relationship with Deutsche Bank. Always Day One: How the Tech Titans Plan to Stay on Top Forever. Or is its appeal more to people who, in the past, would have read glossy magazines, rather than more serious journalism? With 2020 being the year that it was, many have turned to non-fiction, business-related books as a means of staying productive with the extra time during the pandemic. Here’s my list of the best business books of 2020. This book is an analysis of the future of work. Well, it’s important as a symbol of where we are now—if it had truly changed our lives we would have heard of if it. Though I help organize the judging I’m not one of the judges and, slightly to my surprise, both those books were knocked out at the longlist stage. Five Books interviews are expensive to produce. Although this is a list for 2020, do not expect to see all the newest books on the market. But this was something that Instagram spotted and was able to capitalize on. Million Dollar Consulting is one of the top business books to read if you want to start or grow a consulting practice. Read. What did that comment in the meeting really mean? Whether you're looking for ideas on how to run a successful business or books that look at the various challenges facing capitalist society, the Financial Times & McKinsey Business Book of the Year Award is a great place to start. Fair enough. Hundreds of great business books come out every year. She’s got a good sardonic, wry tone. As is often the case, we may have to wait a while for the book that tells us how the world of work has been affected or what is going to happen, because we’re still living through this. It takes the edge off, it’s not preaching to us. In this section, we’ll dive into the valuable books on leadership first. It’s US-specific analysis, but one that has wider implications for the way in which we think about economic and cultural divisions around the world. “Once you’ve got the best team in place…then you can start to trust them with this no rules corporate culture”. In the best among this year’s strategy books, Humanocracy: Creating Organizations as Amazing as the People Inside Them (Harvard Business Review Press, 2020), Gary Hamel and Michele Zanini articulate a vivid manifesto and provide a prescriptive manual to bust bureaucracy in order to release the power of people in organizations. It’s a tale of how these two companies were only able to integrate, in a way, by sapping some of the life out of the Instagram creation. He is also the author of Ruskinland: How John Ruskin Shapes Our World. Also, this is a list, but it is not meant to be read as a ranking. Read There’s the top-down, ‘What books are out there that are making a buzz?’ Those would tend to be books that have already been published by the closing date for entries, June 30th. It’s quite humorous, the bits of the book I read. He looks at ways in which we can actually compensate or offset the likelihood that we’re going to have a world without work. She believes that the solutions lie in harnessing the good things about business: the entrepreneurialism, the desire and need to collaborate, the great power of consumer companies as a way of solving big problems. I don’t think there are any other books on the 2020 shortlist that fit the narrow definition of business book, are there? Even if government isn't a company, politics is an industry, and a singularly destructive one with its own skewed forms of competition. That colour is what gives it a lot of vibrancy and interest as a book, rather than just as a slightly cautionary tale for today. I like to think that we’ve stretched the genre, although some people get a bit grumpy about the fact that we’re not doing the pure business books perhaps as much as the title of the award suggests. An entrepreneur reading a business book on a tablet. Three of the six shortlisted books are directly about technology or technology companies and at least one of the others touches on it. 6 That’s probably true. This book was written before the pandemic, but its relevance has become greater since. Our breadth is far greater, in that it’s books which can be as broad as economics and finance, biography and history. Well, the title is hyperbole, it’s not a world without work. Scott advocates international policy collaboration similar to that focused on climate change, space exploration, and public health. Let’s go through the books that made the 2020 shortlist individually: as we’re headlining this as the best business books, I thought maybe we’d start with the one that looks most like a traditional business book. You need to find ways to make people still feel good about themselves, even if they’re not on the hamster wheel of work—because that hamster wheel is now occupied by robot hamsters, rather than us. Updated Dec 1, 2020. I think there will be books that suggest we’re going further than we are. by Rebecca Henderson It sort of imploded. Whom should I trust? Willink, a onetime Navy Seal commander, takes that approach in Leadership Strategy and Tactics with subjects like dealing with imposter syndrome, doling out punishment, and giving feedback. Always Day One: How the Tech Titans Plan to Stay on Top Forever. Simulmatics Corporation was actively looking at and developing some of the things that we now associate with big data predictive analysis: Facebook, Cambridge Analytica, all the various scandals and worries to do with harnessing technology to predict human behaviour and indeed to win elections. Ed Luce—our Washington-based commentator, who has himself written books about the state of the US—reviewed the book for us. Competing in the Age of AI: Strategy and Leadership When Algorithms and Networks Run the World, by Marco Iansiti and Karim LakhaniJust as the internet required a fundamental reinvention of business models, artificial intelligence challenges leaders to rethink everything about their organizations. The implication for extending lifetimes is especially intriguing. We publish at least two new interviews per week. We suggest that you start the introduction books before moving to books that develop your ways of … See all 28 stories. It’s going to be hard to work out what the future of work looks like, probably, until we’re part of the way into it. So Mark Zuckerberg was worried that Instagram was going to cannibalize his own creation, Facebook, and pushed it to integrate more closely. Maybe not, suggests business journalist Roberts. As well as having a dialogue, the book also has a progression: it shows you that you can’t do the most radical bits of the radical culture if you haven’t already done the first steps. Let’s move on to A World Without Work by Daniel Susskind, who is an economist at Oxford (and has done an interview with Five Books). The New York Times Best Sellers are up-to-date and authoritative lists of the most popular books in the United States, ... 2020 Business - December 13, 2020. Read these great business books to grow your business and grow as a business person or entrepreneur. Netflix, of course, was very famously a company that put its radical culture out there for scrutiny in the 2000s, when it published a slide deck—that you can still find online in its original and updated versions—explaining its culture of transparency, how it worked, why you had to behave in particular ways at Netflix. Amazon also announced the top 10 books across all categories and genres that have already published in 2020. Best books of 2020: Sport. That over-cautiousness, in turn, narrows the pipeline to the C-suite, where we need diversity to end this crap once and for all. Leadership Strategy and Tactics: Field Manual, by Jocko WillinkA field manual is perfect for new leaders, who have less time than anyone to wade through great big books on leadership. 8 min read. Read I quite liked that book, but it didn’t get through to the shortlist. There’s quite a lot about how they set up in Saigon during the Vietnam War, running an expat bubble within a chaotic, collapsing, war-torn society. by Jill Lepore A World Without Work: Technology, Automation, and How We Should Respond Five Books participates in the Amazon Associate program and earns money from qualifying purchases. He crushed it, eventually driving out Systrom. There’s something very stark about a rising mortality rate. Here are the top 10 business books of 2020 1. Correction: A previous version of this article erroneously stated that author Alex Kantrowitz interviewed Jeff Bezos and Sundar Pichai for his book Always Day One. Sophie Roell, editor of Five Books, takes us through her personal choice of the best nonfiction books of 2020. Humorous, the title is hyperbole, it didn ’ t think ’... The problems in the us healthcare system become greater since there a book that I there... 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