No More Bad Decisions


Book Description

Business success stories may be instructive, but we need to know more about why smart people make bad decisions. Sydney Finkelstein, a professor at Dartmouth’s Tuck School who has studied these crucial questions for 15 years, tells how decisions really get made and describes the four signals that can alert you when emotions are interfering with your thinking. Business bookshelves teem with success stories. Companies in search of excellence always go from good to great; Jack Welch tells how he made General Electric a winner; we learn the “seven secrets of intelligent people” and “the art of investing." Writers pay lip service to learning from mistakes, but, in practice, no one says much about failure. Yet, bad decisions pose some of the most interesting questions in business. Why did so many smart people invest with Bernie Madoff? As the housing bubble swelled, why did so many bankers keep doubling down on subprime mortgages? In the great meltdown, why did Ken Lewis, then CEO of Bank of America, overpay so wildly for Merrill Lynch? Why did Dick Fuld of Lehman Brothers refuse to sell his company until it was too late?




Think Again


Book Description

Why do smart and experienced leaders make flawed, even catastrophic, decisions? Why do people keep believing they have made the right choice, even with the disastrous result staring them in the face? And how can you be sure you're making the right decision--without the benefit of hindsight? Sydney Finkelstein, Jo Whitehead, and Andrew Campbell show how the usually beneficial processes of the human mind can become traps when we face big decisions. The authors show how the shortcuts our brains have learned to take over millennia of evolution can derail our decision making. Think Again offers a powerful model for making better decisions, describing the key red flags to watch for and detailing the decision-making safeguards we need. Using examples from business, politics, and history, Think Again deconstructs bad decisions, as they unfolded in real time, to show how you can avoid the same fate.




No More Bad Decisions


Book Description

Target’s hybrid image as an upscale discount chain dates to its birth–and that image fueled the runaway success that made it the country’s second-largest discounter. But as the recession turned fashionistas into frugalistas, the retailer had to find a way of convincing customers to resist the pull of Wal-Mart’s rock-bottom prices. In the end, Target avoided a full-blown identity crisis and looked back to its roots, forcing it to rely on a competitive weapon it had all along: the ability to think for itself. Here’s how the ingenious marketer that defined cheap chic redefined what that means in a shabby economy. When times get tough, the tough just get tougher. And if Bullseye, the Target Company’s value-fetching bull terrier mascot, could talk, he’d tell you how his master, CEO Gregg W. Steinhafel, and his staff quietly went to work in the midst of an economic calamity and did what Target’s leaders have always done best: They made good things happen. If you’ve never heard of Steinhafel, you’re not alone. Unlike its Bentonville, Arkansas, nemesis, Target likes to keep a low profile, a reflection, perhaps, of the Minneapolis, Minnesota-based retailer’s proud Midwestern reserve. New Word City, publishers of digital originals, contributes 10 percent of its profits to literacy causes.




The Bad Decisions Playlist


Book Description

Sixteen-year-old Austin is always messing up and then joking his way out of tough spots. The sudden appearance of his allegedly dead father, who happens to be the very-much-alive rock star Shane Tyler, stops him cold. Austin—a talented musician himself—is sucked into his newfound father’s alluring music-biz orbit, pulling his true love, Josephine, along with him. None of Austin’s previous bad decisions, resulting in broken instruments, broken hearts, and broken dreams, can top this one. Witty, audacious, and taking adolescence to the max, Austin is dragged kicking and screaming toward adulthood in this hilarious, heart-wrenching YA novel.




Friday Forward


Book Description

FROM USA TODAY AND #1 WALL STREET JOURNAL BESTSELLING AUTHOR OF ELEVATE Wake up. Get inspired. Change the world. Repeat. Global business leader and national bestselling author, Robert Glazer, believes we all have a responsibility to each other: to give one another the inspiration and support we need to be our best. What started as a weekly note known as Friday Forward to his team of forty has turned into a global movement reaching over 200,000 leaders across sixty countries and continually forwarded to friends and family. In FRIDAY FORWARD, Robert shares fifty-two of his favorite stories with real life examples that will motivate you to grow and push you to be your best self. He encourages you to use this book as part of a positive and intentional Friday morning routine to get the weekend started on a forward-looking note that will carry you through the week. At once uplifting and deeply thought-provoking, these stories will challenge you to propel yourself outside your comfort zone to unlock your innate potential. By making small, intentional changes, you have the power to create lasting impact, not only in your own life, but also to inspire those around you to do the same. Today is the perfect day to start. Glazer's collection of inspiring, thought-provoking stories gives the motivation and mentorship you need to build a more fulfilling life and career. —Daniel H. Pink, Author of When and Drive




Blunder


Book Description

For anyone whose best-laid plans have been foiled by faulty thinking, Blunder reveals how understanding seven simple traps-Exposure Anxiety, Causefusion, Flat View, Cure-Allism, Infomania, Mirror Imaging, Static Cling-can make us all less apt to err in our daily lives.




The Paradox of Choice


Book Description

Whether we're buying a pair of jeans, ordering a cup of coffee, selecting a long-distance carrier, applying to college, choosing a doctor, or setting up a 401(k), everyday decisions—both big and small—have become increasingly complex due to the overwhelming abundance of choice with which we are presented. As Americans, we assume that more choice means better options and greater satisfaction. But beware of excessive choice: choice overload can make you question the decisions you make before you even make them, it can set you up for unrealistically high expectations, and it can make you blame yourself for any and all failures. In the long run, this can lead to decision-making paralysis, anxiety, and perpetual stress. And, in a culture that tells us that there is no excuse for falling short of perfection when your options are limitless, too much choice can lead to clinical depression. In The Paradox of Choice, Barry Schwartz explains at what point choice—the hallmark of individual freedom and self-determination that we so cherish—becomes detrimental to our psychological and emotional well-being. In accessible, engaging, and anecdotal prose, Schwartz shows how the dramatic explosion in choice—from the mundane to the profound challenges of balancing career, family, and individual needs—has paradoxically become a problem instead of a solution. Schwartz also shows how our obsession with choice encourages us to seek that which makes us feel worse. By synthesizing current research in the social sciences, Schwartz makes the counter intuitive case that eliminating choices can greatly reduce the stress, anxiety, and busyness of our lives. He offers eleven practical steps on how to limit choices to a manageable number, have the discipline to focus on those that are important and ignore the rest, and ultimately derive greater satisfaction from the choices you have to make.




Eyes Wide Open


Book Description

Eyes Wide Open: How to Make Smart Decisions in a Confusing World is Noreena Hertz’s practical, cutting-edge guide to help you cut through the data deluge and make smarter and better choices, based on her highly popular TED talk. In this eye-opening handbook, the internationally noted speaker, economics expert, and bestselling author of IOU: The Debt Threat and Silent Takeover reveals the extent to which the biggest decisions in our lives are often made on the basis of flawed information, weak assumptions, corrupted data, insufficient scrutiny of others, and a lack of self-knowledge. To avert such disasters, Hertz persuasively argues, we need to become empowered decision-makers, capable of making high-stakes choices and holding accountable those who advise us. In Eyes Wide Open, she weaves together scientific research with real-world examples from Hollywood to Harry Potter, NASA to World War Two spies, to construct a path to more astute and empowered decision-making in ten clear steps. With a razor-sharp intellect and an instinct for popular storytelling, she offers counter-intuitive, actionable guidance for making better choices—whether you are a business-person, a professional, a patient, or a parent.




Tough Things First: Leadership Lessons from Silicon Valley's Longest Serving CEO


Book Description

Silicon Valley's longest-serving and most consistently profitable CEO shares lessons from his entrepreneurship, leadership, management, and life experience Ray Zinn founded his semiconductor company without venture capital and ran it for 37 years, 36 of them profitably—an enviable record. He went blind weeks before his company went public, yet he led it for another 20 years. Tough Things First, the distillation of Zinn’s astonishing career as CEO of Micrel, is a comprehensive, inspirational head-to-toe training program for entrepreneurs and leaders. Zinn gives you the guidance you need to: • Find your vision, set your goals, and make them happen • Build your business like you’d train your body: with heart, soul, mind, and passion • Master the psychological disciplines that will sharpen your focus and drive • Create a corporate culture that engages employees and inspires confidence • Put people first and push them to achieve their personal best • Tackle the tough jobs today—and ensure your success tomorrow Zinn tells you what it takes to succeed in a world where markets are constantly changing, new technologies are emerging, and small startups are going head to head with industry giants. He shows you how to be a good leader and what you can do to make yourself even better. He reveals why discipline is the first and most important step—for the entrepreneur and the organization—and why people are your single most valuable resource. He offers practical, no-nonsense advice on processes and procedures, finances and growth creation, changing markets and new technology. But that’s not all. The key to your success, Zinn explains, lies in your mind, your body, your vision, and your heart. This book shows you how to develop these interconnected skills, how to integrate them into your life and work, and how to handle the tough things first.




Make No Mistake


Book Description