Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Monday, August 27, 2012

Book Review: Brain Rules

Brain Rules: 12 Principles for Surviving and Thriving at Work, Home, and School by John Medina (Seattle: Pear Press, 2008. 301 pp)

John Medina is a development molecular biologist and research consultant. He is an affiliate Professor of Bioengineering at the University of Washington School of Medicine. He is also the director of the Brain Center for Applied Learning Research at Seattle Pacific University.

In Pursuit of Learning 

Can we, as human beings, learn better? We go through grade school, middle school, high school, college, perhaps even graduate work without ever questioning if we are learning optimally. As a person who seeks to learn continuously and realizing I won’t remember every piece of information imparted to me in my lifetime, Brain Rules offers almost magical solutions to apply my learning better in work and life on the whole.

Separated into 12 easy-to-remember principles about optimal brain function, Brain Rules explains complex issues in simple, relatable, and applicable ways. Medina culls research all across the field of brain science and translates the research into easily digestible chapters. Since Brain Rules attempts to popularize scientific research, the book won’t be for everyone. In particular, I imagine those in scientific fields related to brain research will find Medina’s writing much too simplistic.

But for the common reader, Medina’s prose is perfect. He translates complex ideas into simple notions the everyday man and woman can apply.

While the research behind the 12 principles of Brain Rules is interesting, the most fascinating part of the book, for me, surrounded the potential ways in which businesses and educators can take these principles and use them within their contexts.

Exercise for the Brain 

For example, science reminds us of the critical importance of exercise. While most understand the importance of physical activity on bodily health, many don’t recognize the effect of exercise on brain function.
“Business leaders already know that if employees exercised regularly, it would reduce health-care costs… But exercise also could boost the collective brain power of an organization” (26-27).
I have already found this principle undeniably useful. Whenever I get stuck in the brainstorming phase of a project, a quick run typically launches my creativity to higher levels.

Illustrations for the Brain 

Consider the importance of association. How often have you been in a lecture or a business presentation where you sit in front of an hour-long, text-based Powerpoint presentation? Assuming you’ve encountered one of these occurrences, do you remember anything from it? If you’re anything like me, probably not.
“If you are a student, whether in business or education, the events that happen the first time you are exposed to a given information stream play a disproportionately greater role in your ability to accurately retrieve it at a later date. If you are trying to get information across to someone, your ability to create a compelling introduction may be the most important single factor in the later success of your mission” (116).
Whether in academia or the boardroom, the introductory hook to your information matters significantly. Whether a story, a metaphor, a picture, or a song, an audience needs a hook in order to ignite memory retention. To just state facts is a failure to understand the best ways for your audience to remember.

Sleep for the Brain 

Photo by Scott Akerman 
Lastly, how often did you pull an all-nighter before a final exam? Did your last-second cramming help your grades? Brain research suggests a good night’s sleep helps your brain to retain information. Likewise, the mid-afternoon period when all of your employees are yawning is the least productive time during the day. Studies suggest a power nap contributes to productivity at a greater degree than powering through tiredness. Medina ponders,
“What if businesses and schools took seriously the existence of nap zones? No meetings or classes would ever be scheduled at the time when the process C and process S curves are flat-lined. No high-demand presentations and no critical exams would be assigned anywhere near the collision of these two curves” (167).
When you schedule exams or critical presentations/meetings for time periods where people function at their most tired state, you should expect sub-optimal results.

Simple Principles Worth Applying 

Now, all three of these examples might seem self-explanatory. I, for example, utilized the sleep-before-a-test strategy throughout my academic career without understanding the scientific benefits behind it.

But even if some of the Brain Rules principles seem self-explanatory, the bottom line remains static. Our society functions inefficiently. We make students sit in front of text-based presentations and then expect them to have a photographic memory for the test. We require our employees to sit in front of computer screens 8-10 hours a day and expect them to function at full brain capacity.

There’s room to reform business and education to become more efficient and productive. Brain Rules offers intriguing possibilities for creating a better system. If you are interested developing a better process for learning, you must read Brain Rules.

Verdict: 4.5 out of 5
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Posted by: Donovan Richards

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Wednesday, June 20, 2012

Book Review: Uncorked

Uncorked: My Journey Through the Crazy World of Wine by Marco Pasanella (New York: Clarkson Potter, 2012. 224 pp).

Marco Pasanella is the proprietor of Pasanella and Son Vintners, which opened in south Manhattan in 2005. The shop has been included in top-ten lists in New York Magazine, Food & Wine, and Elle. He has written for Esquire, GQ, Vogue, and The New York Times.

Pretentious or Accessible?

Photo by Derek Gavey
Most often, wine is viewed as the beverage of choice for the snobby and elite. You can picture an Italian scoffing at lesser folk while he sips a nice chianti. Or worse, a Frenchman who fails to admit that any other country could possibly produce a good wine. However, as of late, wine represents the beverage of the everyman. 

Wineries give tastings to all who come in an attempt to educate people about the glorious world of wine. Myself, I was bitten by the wine bug several years back, and absolutely love the stuff. Marco Pasanella, in his memoir Uncorked, describes how he fell in love with the beverage and how he chose to open a wine shop appealing to the masses.

Marco Pasanella decided in his early forties to open a wine shop with his wife. But, unlike so many wine shops, Marco wanted to do something different. 
“Wine, I also realized early on, appeals to people who like secrets. Whether it’s hedge funders determined to be more inside than their peers or the people who like The Da Vinci Code, wine aficionados tend to like mystery. And whine seems to demand a special knowledge. But the truly devoted seek more: the want to be clued into the stories behind the labels...Think Thomas Pynchon with a little Umberto Eco thrown in. It’s a seductive brew of fact, legend, and gossip” (8).
The Mystery and Setup

Photo by Angela Rutherford
Realizing the mystery of wine, and the vast gamete of people it attracts, Marco and his wife brutally labored over the operation of their shop. Should they do something traditional, or different? The couple tried a wine library, a wine “museum”, and a handmade/homemade feel.
“I didn’t want the store to feel like a museum lesson or an elegant warehouse. I wanted it to evoke the part of my life that I remember from my summers at Villa Cannizzaro, our family’s seventeenth-century stone house in Camaiore, a small town outside of Lucca in Tuscany” (31).
Once the theme was set, the next step became supplying the wine. There is a three-tiered distribution system in New York. Officially, wine can only be sold through wholesalers in New York, which caused a problem for the small wine shop. They had to find a way to actually sell the wine. After the selling kerfuffle, with a little insider decoration help from some famous folk (Martha Stewart) and some random tips from folk that love wine (a cheese seller from a local grocery store) the wine shop became a hit. Well, it wasn’t that simple, far from it.

Why It’s Good

Photo by Andreas Levers
But, it isn’t the frantic, fast-paced evolution of his shop that makes for a good read, though the risks he and his family took financially do compel. Marco tells of the various people that came to work with them in the throes of wine-selling battle. He tells of dinner parties with ample amounts of wine. 

Marco also details, quite painstakingly, the wine making processes, the theories of what makes a good vintage (or a good vintner for that matter). As the book progresses, you’ll find yourself loving the world of wine, and lamenting alongside Marco as hard times fell across the shop. 

If you’re a complete newcomer to the world of wine, you’ll find informative tidbits that don’t come across as demeaning or pretentious (like random recipes lining the pages of the book). If, however, you’ve been a wine lover for some time, you will find the book equally accessible. Uncorked provides a spectacular journey through to the world of wine, and if you’ve been bitten by the wine bug, you’re sure to enjoy it.

Verdict: 4 out of 5
Have you been bitten by the wine bug? Do you love the mystery of wine? Or is it just a beverage for you? Did you enjoy Marco's book of his tiny, yet successful wine shop? Share your thoughts below.
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Posted by: Andrew Jacobson


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Monday, May 28, 2012

Book Review: The Big Idea

The Big Idea by Robert Jones
(Glasgow: HarperCollinsBusiness, 2000. 218 pp)

Robert Jones was born in Gloucester in 1957 and studied Philosophy and English at Cambridge University. He is a director with Wolff Olins, one of the world's most respected brand consulting firms, and has worked as a consultant in corporate communication for 16 years, with companies such as Andersen Consulting, Cameron McKenna, and the National Trust. He also lectures at Oxford Business School on the marketing of professional service firms.

The Shifting Foundations of Business 

Especially in the latter parts of the 20th Century, the relationship between business and customer circled around an economic exchange. Certainly, factors of quality contributed to purchasing patterns, but above all else, the consumer desired a deal. If two similar products differed by a dollar, you could bet the house on a customer buying the cheaper option.

However, a shift is occurring in the economic landscape. With the rise of the Internet and globalization, society is beginning to understand the overarching costs not present in a cheaper price tag. If a product carries a cheaper cost, the customer now holds reservations about the purchase because the societal impacts such as sustainable living wages influence decisions.

Photo by Paul Bica
However, the relationship between business and customer is changing. Customers do not want to be a number. Instead, they desire a relationship. If customers believe in the underlying values of a business, they find virtue in their purchases and become the marketing engine of an organization as they promote products to friends, family, and colleagues.

Therefore, Roberts Jones argues, in The Big Idea,
“[P]eople want the right product or the right service, but they want something else too: they want to know that there’s an organization behind it that thinks rather in the way they think, or even that’s ahead of their thinking. They want an organization that shares their worries, that stands for what they stand for” (30).
How does one move toward business as a shared community? Jones suggests this shift occurs through a big idea.

The Big Idea 

A big idea is not a product; it is not an advertising campaign; it is not a mission or vision statement. A big idea surrounds a worldview. Jones suggests,
“A big idea is, at least in part, a view of the world. The important thing is that it’s an inwardly felt view of the outer world. It has to carry inner conviction” (91).
The 21st Century customer resonates with inner conviction. If people have a choice between Apple and Microsoft, they will, to a certain extent, make a choice based on the company idea. If you approve Apple’s idea of usability, Apple is the clear choice. If you enjoy Microsoft’s idea of ubiquity, then Microsoft takes the lead.

In both instances, the choice runs deeper than computer specs and cost; it becomes a question of association. Are you a Mac person or a Microsoft person?

The Big Idea reads as an extended interview with industry leaders around the notion of a big idea. Jones splits his prose between quotations from Ikea, Orange, The Guardian, and Virgin, on one side, and philosophical ruminations on what a big idea could be on the other.

The Plummeting Height of the High Ground 

Photo by Kris Krug
While many organizations, to this day, remain leaders in this space of thought leadership, some organizational examples feel dated. More specifically, Jones promotes BP and Fannie Mae as moral paragons of the big idea world. As we all know, these companies have failed to live up to probus standards.

But, perhaps the fall of BP and Fannie Mae was a bigger deal precisely because of the big ideas behind each company. Jones writes,
“An organization that has attained the high ground, but then loses people’s trust, has a long way to fall. But that’s the nature of high ground” (154).
I appreciate hearing Jones mention this notion. When a company has a big idea and creates a community with its stakeholders, breaking that trust creates grave consequences.

The New Frontier 

The business world is shifting toward a new frontier where businesses need to operate under a “big idea” in order to connect with their customers. Without these connections, a business will find it difficult to survive as customers move to greener and more transparent pastures. Even though some of Jones’ illustrations make this book feel slightly dated, the principles still hold. If you run a business, The Big Idea is mandatory inspirational reading.

Verdict: 4 out of 5

How about you? Does your company have a big idea? Do your managers espouse that big idea? Do you agree with the premise in the first place?
Share your thoughts below.
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Posted by: Donovan Richards

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Wednesday, May 9, 2012

Film Review: Candyman

Candyman: The David Klein Story directed by Costa Botes (Lion Pine Productions & Picnic Productions, NR. 77 minutes)

Starring David Herman Klein, Bert Klein, and “Weird Al” Yankovic.

Candy Addict

My wife and I often resupply from the warehouse grocery store, Costco. Every time we go we stock up on the necessities—paper towels, vegetables, canned soups, cleaning supplies, and of course, Jelly Bellies. 

The gourmet jelly bean comes in a large canister, something easily fashioned into a large bucket for feed, filled with umpteen gallons of water, or supply a small nation with food for a month. My wife and I generally inhale a bucket of beans in a week or two, pointing to both our gluttony and love for the jelly bean.

David Klein, inventor of the famed gourmet jelly bean, however regrets his moment of inspiration. 
“I wish I never invented the things. They ruined my life”
Jelly Beans Rule

The documentary Candyman explores the life of David Klein, who is the unnamed and forgotten inventor of the Jelly Belly. In 1976, Klein approached the Herman Goelitz Candy Company and asked them to produce the mini-gourmet jelly bean out of natural flavors. The colorful beans came in a rainbow of realistic flavors, previously unknown to the populace. 

A radical new product, Jelly Belly became a pop culture phenomenon in the seventies. Most notably touted by President Ronald Reagan as his favorite snack, the jelly bean became a hit.



A Lost Dream

Somewhat eccentric, yet brilliant, Klein sadly forfeited the company for a few million dollars, just before it exploded. He managed to use the money to pay for his house, and fund some new candy exploits, none of which have really taken off like the Jelly Belly. Now a billion dollar enterprise, David Klein has no place in the jelly bean world he created. David is now an alien erased from the candy’s history.

Because of selling too early, Klein lost his beans (pun intended), and sunk into bitter depression. But, interestingly, the documentary exposes how Klein kept his soul alive in the process.

Now, Klein helps entrepreneurs around the country develop successful ideas, despite Klein’s lack of further success in the candy industry. The viewer is able to see both sides of the American dream, one where all the hopes and dreams are fulfilled for Klein, and one where he simply cannot catch a break. 


Of note, however, Klein is much more of a solid, sane, and compassionate individual now that his “dream” of funding another candy mega-hit fades. Klein has been able to move on from his tragic choice because he realized life is bigger and more important than a paycheck. It seems as though his new consulting business runs closer to his personal goals as an individual, providing closure from the difficult break from Jelly Belly.
  
Selflessness

Klein’s selflessness and desire to see dreams come true fuels his current endeavors, speaking to the drive of the human spirit. His desire to help others makes him a better man than he once was. No longer the spokesman for a large candy company of his own design, he is able to more fully function. 

If you enjoy candy, or Jelly Bellies as much as I do, I think Candyman is a fun documentary to watch. At times Candyman is a bit slow, but with a stroll through the life of an entrepreneur, it’s worth your time. 


Verdict: 3 out of 5

What are your thoughts? Do you like the popular candy? How do you feel that the inventor of the bean has been ousted from his own invention's history? Share your thoughts below.
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Posted by: Andrew Jacobson

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Thursday, April 26, 2012

Book Review: The Elements of Content Strategy

The Elements of Content Strategy by Erin Kissane (New York: A Book Apart, 2011. 86 pp)

Erin Kissane is a content strategist and editor based in New York City and Portland, Oregon. She was an editor at A List Apart magazine for nearly ten years, and has also been a freelance book editor and the editorial director of Happy Cog Studios. In 2011, she joined content strategy consultancy Brain Traffic, where she leads content projects and eats cake.

Now More than Ever, College Is the Best Time in Life 

Have you seen the job statistics lately? More to the point, have you seen the employment rates for recent college graduates? What about liberal arts majors in particular? A study of 2009 college graduates finds 25.2% of liberal arts majors unemployed after graduation. Those humanities majors employed often found their jobs low paying and college degrees unnecessary.

For years, the general assumption was: get a degree; get a job. Well the current economic context suggests a shift for college students. Either stay in school and earn more degrees, or major in a “marketable” field like accounting, business management, or engineering.

Could there be a third way? In The Elements of Content Strategy, Erin Kissane outlines content strategy as an emerging profession.

All Hail King Internet 

In case you haven’t noticed, the Internet runs the world these days. While some residual value remains in businesses running brick-and-mortar stores, the Internet is now the marketplace, a virtual mall so to speak.

With the rise of Internet communications comes the necessity of content strategy. Kissane writes,
“Content strategy is rising because organizations all over the world have begun to realize that they desperately need it to handle their rapidly expanding online communications” (2).
Not only do individual businesses need content to communicate with potential customers, Internet surfers desire content. Blogs and social media have replaced the days of the newspaper as the arbiter of information. Content, then, becomes the connection between a business and its potential customers.
“Content is perfectly appropriate for users when it makes them feel like geniuses on critically important missions, offering them precisely what they need, exactly when they need it, and in just the right form” (5).
If content bridges the gap between businesses and customers, the job of a content strategist is to connect these two parties by facilitating a web space meeting the needs of both parties.

The Content Strategist: An Amalgamate Profession 

Interestingly, Kissane breaks down the job of the content strategist into 4 separate professions:
“Though it lacks a goat head, content strategy also has a legacy. Several, in fact. And each has plenty to teach us. A complete genetic breakdown would require a separate book, so for now, let’s consider the four most influential fields: editorial work, curatorial work, marketing and persuasion, and information science” (16).
Editorial and marketing work appear self-evident. In order to create compelling content one needs to both remain consistent in formatting and grammar, and also write persuasively. In fact, information science, too, makes sense given its role in effectively storing and retrieving information.

But the curator field piques my interest. Curators conjure a vision of uptight tour guides in museums and overly informed janitors dusting ancient relics. But a curator, in truth, balances the job of an administrator and an artist. A curator not only knows what sine qua non forms of art an audience wants to see, s/he will also apprehend the need for benches and restrooms through the museum.

Similarly,
“On the web, we deal with each other in heavily mediated ways, but we’re still primates. We need accommodations for the thousand disabilities that we experience; ways of marking and saving information for later so we can take breaks; ways of skipping through content when we’re in a hurry; friendly orientation and navigation aids; access to real human assistance, via live help, telephone, email, or any other reasonable channel; and the ability to consume content on the devices and in the locations of our choice” (27).

Are You Looking for a Job?

A veritable mix of editor, curator, marketer, and scientist, the content strategist runs the engine of the business website. More importantly for those unemployed college graduates, a content strategist requires the skills of liberal arts majors.

An emerging field in a marketplace still suffering growing pangs, the world needs more content strategists. Look for entry-level jobs in web editorial, online marketing, or information management. You might soon find a lucrative career in content strategy. If you want to learn more, read The Elements of Content Strategy.

Verdict: 4 out of 5

Are you unemployed and seeking a job? Have you considered content strategy? What drawbacks could arise in this profession?
Share your thoughts below.
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Posted by: Donovan Richards

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Monday, April 23, 2012

Television Show Review: The Pitch

The Pitch directed by Philip Lott (Studio Lambert. Premiers Monday, April 30 on AMC.)

Mad Men as Reality TV

Even though I savor the subtle intricacies of character development in AMC’s Mad Men, I can understand how one could be drawn to the business of advertising depicted in the show. With storyboards and persuasive language, the employees of Sterling Cooper Draper Pryce seek to persuade by creativity.

With this aspect acting as the foundation of AMC’s most famous show, there is no wonder AMC developed The Pitch, a documentary-style reality television series highlighting two rival ad agencies competing for a client.

Competition: The Core of Capitalism 

In the sneak peak episode, ad agencies McKinney and WDCW fight over the next big SUBWAY® ad campaign. The episode commences with both agencies meeting at SUBWAY® headquarters learning the preliminary guidelines and target audiences of the advertising campaign.

Upon receiving the assignment, both agencies have one week to create an ad campaign before returning to  SUBWAY® headquarters with a pitch. One agency wins; the other returns empty-handed.

On one side, I believe The Pitch carries promise, perhaps becoming the next big reality show highlighting corporate America. On the other side, the series format might become its biggest downfall.

The Pros 

Much like the depiction of the day-to-day at Sterling Cooper Draper Pryce in Mad Men, The Pitch flourishes during the scenes in the proverbial kitchen—the work spaces where ideas come to life. With tense brainstorming sessions and gorgeous cinematography of respective workplaces, The Pitch imports the viewer into the agencies.

As a fly on the wall, the viewer gains understanding of the process as the agencies develop a pitch for the client.

The Cons 

However, The Pitch flounders in the character-development department. For starters, those giving the pitch are not those developing the pitch—the high level employees meeting with SUBWAY® entrust pitch development to copywriters.

For this reason, the people we meet at the beginning of the episode step aside during the middle portions while the ideas mature. In fact, the times when the pitch people interact with the copywriters, the senior executives hover over the ideas with insensate opinions.

This schism, coupled with covering two separate agencies, creates surface level characters. The viewer never understands how these ad agencies function. We get a glimpse of the process, mostly from the copywriters as they explain the fear behind proposing an idea, exposing their creativity to criticism.

Lastly, The Pitch covers new ad agencies every week. As such, any traction in character development one week disappears with a new cast of characters the next. Such a position leaves The Pitch prone to inconsistent television with each episode surviving or dying on the strength of that week’s cast of characters.

The Verdict 

Will The Pitch make compelling television? I’m not sure. Certainly, there is a blueprint for success—most viewers find glimpses into alternative careers to be fascinating. Yet, new ad agencies every week create difficulty for overarching stories. Weekly meeting a new ensemble of characters means no connections.

Does a series need connections? Not necessarily. Look at Undercover Boss, a highly successful series where presidents and CEOs go undercover to learn more about their companies. But each episode of Undercover Boss features one person in one company, while The Pitch highlights two ad agencies competing for the business of a third party.

The Pitch has promise, on the whole. If you are curious about marketing, design, and the advertising industry, you might enjoy this show.

Verdict: 3 out of 5

Are you interested in watching the series premier? Does the creative side of capitalism interest you? Is it possible to create art for a client? How about those in the design world. Does this series intrigue you? Share your thoughts below.
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Posted by: Donovan Richards

Thursday, April 19, 2012

Book Review: Launch

Launch: How to Quickly Propel Your Business beyond the Competition by Michael A. Stelzner (Hoboken: John Wiley & Sons, 2011. 255 pp)

Michael Stelzner is CEO and founder of Social Media Examiner, an influential business blog boasting a monthly readership of over 450,000 people. Michael earned a master’s degree in communications from San Diego State University. In addition to Launch, Stelzner has authored Writing White Papers, a best seller. Michael lives in Southern California.

The Emerging Might of Social Media

Not yet a decade old, social media has transformed the way we live our lives. From the way we interact with our friends and family to the way information disseminates, social media now operates integrally in our lives.

For businesses, social media creates both unique problems and unique opportunities. Where a business could previously rely on dissatisfied customers sharing their vitriol to a handful of people, social media expands the platform for customers to proliferate discontentment. Likewise, the free flowing nature of information on social networks provides opportunities for businesses to create viral campaigns, a promotion more influential and lasting than classical marketing techniques.

With Launch, Michael Stelzner outlines a compelling case for social media content to replace classical marketing messaging.

Great Content Fuels Business in the Internet Age 

Photo by Trey Ratcliff
Stelzner believes social media to be the fuel by which a business launches itself into the stratosphere. With a straightforward metaphor illustrating a rocket ship, Stelzner sketches the ways in which a business can leverage great content. In simple terms, Stelzner introduces the core principle upon which the entire book stands:
“The elevation principle is the process of meeting the core desires of prospects and customers by helping them solve their basic problems at no cost” (7).
For a business seeking to utilize social media, content is king. To gain traction, followers, and eventually customers, businesses must freely share valuable information.

In consideration of the target market, companies must provide valuable and applicable content to its potential customer base. For example, if one owns a juice shop, he or she should consider blogging about the health benefits of juices. Similarly, if one runs a photography business, video blogs detailing the process of photo shoots could provide valuable insights into the photography world.

Social Media as Service 

No matter the market, the elevation principle seeks to reorient marketing principles toward the notion of service. While classic marketing schemes view potential customers as fish in need of stentorian bait stimuli, Stelzner suggests a different strategy.

By freely providing valuable content, a business positions itself as an expert in the field; blogging and tweeting foster relationships with a potential customer base. By freely giving, devoid of apparent marketing messaging, the customer becomes more willing to learn about the company.

How Does Free Work in a Competitive Environment? 

Many, however, might question the strategy of giving away valuable content for free. If a business bestows its valuable trade secrets, how can it make money in a competitive environment?

Stelzner suggests,
“If your marketing strategy centers on helping people with their smaller problems, many will seek your help to solve their bigger issues” (7-8).
Much like the gift principle where a freely given gift offers the recipient a chance to return the favor, free and valuable content inspires an audience and causes them to consider the business for deeper needs.

Beware of the Simple Fix 

Photo by Thos Ballantyne
With inspiring examples of businesses successfully implementing these principles, Stelzner writes in a motivating manner.

But, I urge caution.

Business is never as simple as a singular motivational statement. While I agree wholeheartedly on the principle of service, I do not assume adhering to this principle consistently results in a successful business.

Ultimately, Launch depicts Stelzner’s success story. In following his principles, Stelzner gained massive success. Perhaps Launch functions as a blueprint worth following. But, I would suggest not relying on it and assuming success will necessarily follow.

In a plugged-in world, businesses must master social media. With loads of free, valuable content one click away, a business must offer value through blogs and social media in order to serve its customers. Stelzner’s elevation principle provides the foundation of service upon which a business can soar through the heavens.

Will it always work? I’m not convinced. Nevertheless, anyone interested in integrating social media into a business needs to read Launch.

Verdict: 4.5 out of 5

Do you use social media in your business? Why or why not? Do you find social media to be a valuable tool? Does it scare you to give away valuable content for free? Share your thoughts below.
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Posted by: Donovan Richards

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Wednesday, April 11, 2012

Book Review: Strategy Safari

Strategy Safari: a Guided Tour Through the Wilds of Strategic Mangament by Henry Mintzberg, Bruce Ahlstrand, and Joseph Lampel (New York: Free Press, 1998. 416 pp)

Henry Mintzberg is the Cleghorn Professor of Management Studies at McGill University. He earned his doctorate from MIT and is the founding partner of CoachingOurselves.com.

Bruce Ahlstrand is a senior faculty member in the Business Administration program at Trent University. Graduating from the University of Toronto, the London School of Economics, and University of Oxford, Ahsltrand is considered an expert in strategic management and organization theory.

Joseph Lampel is Professor of Strategy and Innovation for Cass Business School at City University London. With a Ph.D. from McGill University, Lampel works with managers in the areas of strategy, project-based learning, and business innovation.


Don’t Mind Me—I’m Just Looking at the Animals 

The intrigue of a safari surrounds the possibility of gazing upon diverse wildlife inconceivable in daily life. Whether the lethargic reclining of a hippopotamus or the restless chatter of a primate, one could imagine a simple animistic existence. Acting as a metaphor for the contrasting philosophies of strategic management, Mintzberg, Ahlstrand, and Lampel utilize the safari as an image of the wilds of business management.

Strategy Defined 

Strategy Safari functions as a primer for the competing schools of strategy in business management. Mintzberg, Ahlstrand, and Lampel separate strategic management into 10 distinct schools of thought. But, before we explore the contrasting viewpoints, let’s consider the definition of strategic management.

Mintzberg, Ahlstrand, and Lampel define strategy as
“a pattern, that is, consistency in behavior over time… [strategy has] to form as well as be formulated… strategy is a position, namely the locating of particular products in particular markets… strategy is a perspective, namely an organization’s fundamental way of doing things the [company] way… [and] strategy is a ploy, that is, a specific ‘maneuver’ intended to outwit an opponent or competitor” (9-14).

Competitive Schools of Strategic Management 

With each school subsequently outlined, the definitions of strategy carry separate weight. For some, the formulation of strategy carries significantly more weight than the notion of outwitting the opponent. For others, “the company way” takes precedent over product positioning.

In brief, the authors outline 10 schools of strategic management:
  1. The Design School: Strategy Formation as a Process of Conception 
  2. The Planning School: Strategy Formation as a Formal Process 
  3. The Positioning School: Strategy Formation as an Analytical Process 
  4. The Entrepreneurial School: Strategy Formation as a Visionary Process 
  5. The Cognitive School: Strategy Formation as a Mental Process 
  6. The Learning School: Strategy Formation as an Emergent Process 
  7. The Power School: Strategy Formation as a Process of Negotiation 
  8. The Cultural School: Strategy Formation as a Collective Process 
  9. The Environmental School: Strategy Formation as a Reactive Process 
  10. The Configuration School: Strategy Formation as a Process of Transformation 
As a broad overview, Strategy Safari provides no clear thesis. Instead it describes the overarching field of strategic management offering evidence of the scholarship in each school as well as the pros and cons of each position.

The Whole Is Greater than the Sum of its Parts 

Therefore, it is hard to provide much of an examination of each school. But, do not rule out strategic management on the whole. Even with competing positions, the field offers much to consider.

Photo by Arno Meintjes
A school of thought, by definition, is divorced from reality. It exists in ivory towers, many steps removed from practice. Moreover, strategic management philosophy intentionally positions itself at different ends of the spectrum in order to differentiate from the crowd.

Therefore, a manager looking to implement strategy in business ought to consider the shades of gray in strategic management. Even though the authors split strategy formation into 10 separate schools, reality suggests that the field must be holistically considered.
“But those who have ultimate responsibility for all this—the managers of our organizations—can allow themselves no such luxuries. They have to deal with the entire beast of strategy formation—not only to keep it alive but also to help sustain some of its real-life energy. True, they can make use of the process in various ways: an elephant, after all, can be a beast of burden or a symbol of ceremony—but only if it remains intact as a living thing” (368).
Thus, don’t let the many cracks in the armor of strategic management in Strategy Safari deceive you. Behind the network of seemingly contradictory theories resides a careful apology for strategic formulation in business management. Just as a safari provides opportunity to observe a myriad of wildlife functioning together despite the diversity of the animal kingdom, so too do strategic management schools operate when considered holistically.

If you are a manager in need of further understanding of strategic management, Strategy Safari functions as an excellent primer.

Verdict: 4 out of 5
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Posted by: Donovan Richards

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Tuesday, April 3, 2012

Book Review: Spiritual Enterprise

Spiritual Enterprise: Doing Virtuous Business by Theodore Roosevelt Malloch (New York: Encounter Books, 2008. 300 pp)

Theodore Roosevelt Malloch is Chairman and CEO of Global Fiduciary Governance LLC, a leading strategy and thought leadership company. Ted founded Spiritual Enterprise Institute in 2005 and serves as a research professor at Yale University.

The Rabbit Trail 

It endlessly frustrates me when an individual soils a valid argument by injecting needless rabbit trails. For example, someone could contend that they dislike country music as a whole because they don’t favor the drums. Yes, drums exist in country music, but it doesn’t mean that quality of country music is defined by the drummer. In a similar manner, Ted Malloch ruins an interesting argument in Spiritual Enterprise by continually framing his statements in a conservative versus liberal, capitalist versus communist approach.

Virtuous Business and Spiritual Capital 

In essence, Malloch argues that businesses should shift from a strictly profit-oriented approach to a virtue-oriented approach. Granting the detrimental effect of profit maximization philosophies, Malloch believes that virtue provides a long-term framework for business success.
“The bold idea that the creation of wealth by virtuous means is the most important thing we can do for ourselves and others, for our society and for the world at large” (xix).
Typically, the modern business analyzes itself in terms of economic capital. It utilizes metrics to understand growth and success. Malloch, on the other hand, recognizes that business establish many forms of capital. For instance, the humans that comprise a firm create social capital and even more, the religious values of employees construct a spiritual capital. Malloch defines spiritual capital
“as the fund of beliefs, examples and commitments that are transformed from generation to generation through a religious tradition, and which attach people to the transcendental source of human happiness” (11-12).
Using less “Christian” terms (Malloch believes that spiritual capital assists a firm whether or not an employee aligns with a specific religious tradition), Malloch suggests that a business ought to act virtuously. Defined as a set of principles constituting proper character, virtue functions as the glue that keeps business functioning.

Support Your Thesis! Forget the Rabbit Trail! 

Truthfully, I appreciate Malloch’s insights on virtue. As an ethical position, virtue seems to flourish as a middle ground between hard-lined deontology and utilitarianism. While one side seeks principle-based living and the other urges outcome-based living, virtue requests character building.

Despite the positive claims of virtue on business, Spiritual Enterprise becomes bogged down in Malloch’s acrid view of liberalism and communism. Too often, Malloch’s thesis drowns in the vitriol of politics. As an example,
“Only the discredited caricature of business—as a zero-sum game in which every person’s profit is someone else’s loss, and in which the ruthless pursuit of profit is the sole purpose of the game—persuades people to overlook what surely ought to be obvious: that in business you expose yourself to criticism, take risks, acquire heavy debts of responsibility and accountability, and are thrust into moral relation with others, in ways that demand a far more robust and serious morality than is needed to survive in some cushioned state bureaucracy or in a comfortable academic chair” (16-17).
At its core, Malloch argues that wealth creation helps everyone. Yet by belittling the positions of people in “cushioned” and “comfortable” places, Malloch’s argument feels slightly trollish. If I want to learn about the way to manage a business virtuously, I don’t need to know why liberalism and communism exist as grave evils to society. Of course, connections exist between politics and the marketplace but virtue deals with character and thus, liberalism and communism are not in the scope of this book.

Spiritual Enterprise carries an intriguing premise, but Malloch’s venom deters from the overall aim. For views on business management, take your eyes somewhere else.

Verdict: 1 out of 5
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Posted by: Donovan Richards

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Friday, March 30, 2012

Book Review: Listen, America!

Listen, America! The Conservative Blueprint for America’s Moral Rebirth by Jerry Falwell (Toronto: Bantam Books, 1980. 237 pp)

Jerry Falwell was an evangelical, fundamentalist preacher. He founded Thomas Road Baptist Church in Lynchburg Virgina, Liberty University, and the Moral Majority. Falwell attended Baptist Bible College and became an outspoken voice for conservatism in the United States. Falwell died in 2007.

Thank You, Sir 

Well-behaved children do not find trouble. If they speak kindly in a crowd, no offense is taken. If they covet nothing, no jealousy or harm of property could ever occur. To a certain extent and from the condescending tone of the title, Jerry Falwell’s Listen, America! flows from this reasoning. If a person, community, or country acts well, what could go wrong?

The Supposed Dangers of Moral Decay 

The former leading voice of the disbanded Moral Majority, Jerry Falwell urges Christians to establish morality through political action. Although Listen, America! does not flow deductively (or inductively, for that matter), Jerry Falwell’s core thesis surrounds the concept of moral decay in the United States.

For Falwell, the prosperity of a nation is directly related to the morality of a nation. He writes,
“History books are replete with illustrations of how, down through six thousand years of human history, empires, governments, kingdoms, and nations have ceased to exist when they have fallen into sin” (22).
Setting aside the debate around what qualifies as sin (many could argue that the supposed pristine lifestyle of the founding fathers carried much sin), Falwell believes that the rise of liberalism and its acceptance of unhinged sin is a recipe for the downfall of the United States.

In order for America to avoid a precarious downfall, Falwell believes that all of society must realign with Christian morals.
“God is the Author of our liberty, and we will remain free only as long as we remember this and seek to live by God’s laws” (41).
Directly related to his belief in the core reasons for societal decay, Falwell contends that societal success exists only in correlation with enacting proper morals. Interestingly, these two premises do not elaborate on what to do. Jim Wallis, a Christian living on the opposite side of the spectrum could agree with these premises.

Christian Morals Defined 

What differentiates Falwell from Wallis is the definition of Christian morals. Whereas Wallis sides with the poor, disenfranchised, and exploited, Falwell affirms the status quo. He states,
“The free-enterprise system is clearly outlined in the Book of Proverbs in the Bible. Jesus Christ made it clear that the work ethic was a part of His plan for man. Ownership of property is biblical. Competition in business is biblical. Ambitious and successful business management is clearly outlined as a part of God’s plan for His people” (12).
Charitably granting that Falwell has sources to back up these claims, capitalism becomes Biblically mandated.

The Morality of the Founding Fathers 

Falwell traces these principles back to the moral superiority of the founding fathers of the United States. Hinting at America’s role as a present-day chosen society of God, Falwell asserts that the actions of the founding fathers create some sort of covenant with God. These principles, for Falwell, are diametrically different than the way government currently runs. He argues:
“When America was founded, the legitimate purpose of government was to protect the lives, the liberties, and the property of the citizens. It was not the purpose of government to redistribute resources or to enforce any particular results in the relationships and dealings of the citizenry among themselves. Simply stated, government was to protect the God-given rights of the people” (59).
Much like John Locke’s position on property and government, Falwell believes that God gifts humans with labor, property, and free enterprise. Government’s role, then, is to divorce itself from wealth creation and maintain the rights of the people in case of dispute.

Christians in Politics: A Social Engagement 

Photo by Mark Trammell
Given Falwell’s premises, he urges Christians to right the proverbial ship, exerting the strength of the moral majority. He believes that God mandates Christians to remain active in politics and to legislate ethics in order to avoid the decay of immorality. Falwell suggests,
“The political process is really nothing more than a realization of the social process. For us to divorce ourselves from society would be to run into the kind of isolationism and monasticism that characterized the medieval hermits” (226).
Despite his clear opposition to the Christian communism of Walter Rauschenbusch, Falwell agrees with Rauschenbusch’s tenet of engaging with society. Where Rauschenbusch urges us to engage with society in order to alleviate social evils, Falwell, to a certain extent, wants Christians to engage with society in order to maintain the social ideals that Rauschenbusch would label evil.

In all honesty, much of Listen, America! bothers me. Logic is applied sparingly to the book and much of his assertions about communism seem to come from a position of fear. Born in 1985, I am not cognizant of communism and the fear it instilled in the West. Perhaps, the best modern analog is Islam? Nevertheless, Falwell’s claims seem wide-sweeping and unsupported.

God’s Covenant with America 

Yet even if I grant him the overwhelming fear of communism and his questionable truth claims, Falwell’s assumptions regarding the superiority of the United States and capitalism feel absurd. Throughout Listen, America!, Falwell writes as if the United States holds exclusive rights to prosperity, economics, and salvation. I get the feeling that Falwell believes that God has selected the United States as his chosen nation, which, in some way, is similar to the relationship Israel held with God in the Old Testament, America’s citizens must follow God or face undesirable outcomes. I reject this position vehemently. God’s covenant through Jesus extends globally. To proclaim that one nation holds a privileged status with God is discriminatory at best and a grave sin at worst.

Conclusion 

Intuitively, a well behaved group of people will achieve better societal results than a lawless group. Falwell believes that an America without a moral backbone is an America that doesn’t exist. In order for America to survive and thrive, the nation must return to its Christian morals. Falwell defines morals as a return to the conservative ways of the founding fathers and the free market economy. Yet, I critique Falwell for his misplaced assumptions in the covenantal relationship God carries with the United States. The U.S., while successful and certainly blessed, has no moral superiority to the rest of the world.

In short, don’t read Listen, America!

Verdict: 1 out of 5
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Posted by: Donovan Richards

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Monday, March 12, 2012

Book Review: Acres of Diamonds

Acres of Diamonds: All Good Things Are Possible, Right Where You Are, and Now! By Russell H. Conwell and Robert Shackleton (Lexington: Feather Trail Press, 2009; originally published in 1915. 92 pp)

Born in Massachusetts, Russell Conwell attended Yale University and Albany Law School. Conwell founded Temple University and pastored The Baptist Temple in Philadelphia, Pennsylvania.

An Inspiring Story 

For some reason, the simplicity of the standard “success story” conjures the hopeful sentiment that such accomplishments could occur in any life. Truthfully, most successful stories begin with an idea, a notion of which all human beings are equally capable. In Acres of Diamonds, Russell Conwell utilizes positive and negative narratives in order to inspire productivity in his community.

In Defense of Wealth 

Simply speaking, Conwell is pro wealth. While many theologians and ethicists warn society about the dangers of increasing riches, Conwell believes that Christians possess an ethical duty to be rich. He writes:
“Money is power, and you ought to be reasonably ambitious to have it. You ought because you can do more good with it than you could without it. Money printed your Bible, money builds your churches, money sends your missionaries, and money pays your preachers, and you would not have many of them, either, if you did not pay them… The man who gets the largest salary can do the most good with the power that is furnished to him. Of course he can if his spirit be right to use it for what it is given to him” (13).
Viscerally, such statements seem disconnected with reality. Many people would love to make as much money as possible but do not possess the opportunities to do so. However, when charitably considered, Conwell’s philosophy seems sensible to a certain extent.

First, Conwell’s opinions resemble pro-business theological arguments. Many Christians affirm profit, arguing that it is an integral piece of the marketplace puzzle. However, profit ought not to be an end; profit ought to be made with the purpose of serving others. How is this position different than Conwell’s where he suggest that the rich can do more good in the world with money? It isn’t.

Russell Conwell
In many ways, Conwell’s theory resembles the first two bullet points in John Wesley’s economic theory: one, gain all you can; and two, save all you can. Once made rich by gaining and saving, a Christian is capable of doing good deeds in the world. This notion of good resembles Wesley’s “give-all-you-can” principles minus the all-you-can part.

The Problem of Systemic Injustice 

Nevertheless, Conwell’s position on wealth is untenable because it disregards the concept of systemic injustice. Certain people who possess the desire and talent to succeed in business will never find the opportunity. In Conwell’s mind, such poverty is attributed to a lack of belief or a lack of trying. Given our economic system, it is important to remember the role of profit and to do good things when in positions of power. But, Christians also ought to campaign against systemic injustice in order to provide opportunity for those with a will but without a way.

Acres of Diamonds inspires people to pursue wealth. I am not convinced this position is correct. Conwell’s writing carries the foundations of prosperity gospel, a worrisome theology which focuses on wealth creation as evidence of faithfulness. Acres of Diamonds is an influential work and therefore ought to be studied. However, if you are uninterested in the relationship between theology and economic theory, avoid this book.

Verdict: 2.5 out of 5
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Posted by: Donovan Richards

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Monday, February 20, 2012

Book Review: Catholic Social Teaching

Catholic Social Teaching, 1891-Present: A Historical, Theological, and Ethical Analysis by Charles E. Curran (Washington, D.C.: Georgetown University Press, 2002. 272 pp)

Born in New York, Charles Curran received his B.A. from St. Bernard’s College. Upon earning two doctorates in theology in Rome, he was ordained for the Diocese of Rochester. In 1965, Curran was appointed to the faculty of Catholic University of America. Throughout his distinguished career, Curran has been in conflict with the Church’s teaching on various moral issues. Despite maintaining a position of “faithful dissent,” the Vatican declared that Curran step down from faculty in 1986. Now, Curran serves as the Elizabeth Sherlock University Professor of Human Values at Southern Methodist University.

The Industrial Revolution 

The rise of the Industrial Revolution caused Christians to reconsider their preconceived notions of work and ethics. While society previously functioned on an agrarian-based economy with subsistence acting as the core value, the Industrial Revolution introduced the notion of capital. Although Locke primarily proposed property as a God-given gift ensuring survival in nature, the Industrial Revolution transformed property into a self-generating monetary giant. Capitalists could leverage property in order to gain more property and the Church needed to address this shift. Beginning in the late 19th century, the Catholic Church began noting the social issues of laborers and the poor in a body of thought now known as “Catholic social teaching.”

While Charles Curran’s Catholic Social Teaching exists as a holistic ethical position, for the sake of brevity I will focus on the movement’s methodology before applying it to economic thought.

“Both-And”

In order to evaluate the influence of Catholic social teaching, Curran begins with the theological methodology behind the movement. But first, it is important to note that Catholic theology always emphasizes the notion of a “both-and” approach instead of an “either-or” approach. The word “catholic” means universal.

Theology in the Catholic tradition strives for a universal appeal. If an issue caters to a “both-and” approach over an “either-or” approach, Catholic theology points to the inclusive option. This notion is easily seen when viewing Curran’s proposed canon for Catholic social teaching, the past 100 years portray shifts in ideology yet the overall thread of “catholic-ness” remains the same.

Reason and Natural Law 

Photo by Ramon Duran
To illustrate the theological methodology of Catholic social teaching, Curran separates the positions in to pre- and post-Vatican II. Pre-Vatican II, Curran suggests that Catholic social teaching emphasizes reason and natural law; Post-Vatican II, Curran suggests a shift toward a preferential option for the poor. Beginning with Leo XIII’s encyclical, Rerum novarum, we clearly see the influence of Thomas Aquinas and the elevation of reason and natural law in theological methodology. Curran notes:
“Rerum novarum recognizes the important role of reason as a source for moral teaching and frequently invokes natural law and its principles. The first part of the encyclical proves the human right to private property, in opposition to the socialist position. The right to have property as one’s own is based on human nature and is one of the chief points of distinction between human beings and all other animals” (26).
Curran contends that the normative position of private property finds purchase in Rerum novarum precisely because of the laws of nature and the reasonableness of the position. This line of reasoning runs directly from Thomistic principles.

Preferring the Poor 

However, a shift from natural law and reason governing theological methodology occurs post-Vatican II. No longer did natural law offer the citation for universal statements. Catholic teachers, with the help of the new field of liberation theology, began to recognize the different lenses by which human beings view the world. Reason, then, is not a universal truth created in Rome, but rather a construction influenced by regional context. Curran suggests that Catholic social teaching shifts to a theological methodology of solidarity:
“Solidarity helps us see the ‘other’—whether that other is a person, people, or nation—not just as an object to be exploited but as our neighbor and helper, called with us to share in the banquet of life which all are invited equally by God. The church has an evangelical duty to take her stand beside poor people, helping them satisfy their basic rights without losing sight of other groups and the common good” (36).
Without condemning the previous teaching documents that rely on reason and natural law for its premises, post-Vatican II documents shift to a theological focus on the preferential option for the poor.

Ethical Methodology: Historical Consciousness and Individualism 

From theology, an ethical methodology flows. Curran proposes that Catholic social teaching focuses on the shift to historical consciousness (even though John Paul II’s writing opposes this concept) and a greater emphasis on individualism.

To begin, where previous ethical trends in the Catholic Church focused on immutable truth, Catholic social teaching centers on historical consciousness. Curran states,
“Historical consciousness gives more importance to the particular, the contingent, the historical, and the changing” (54).
The shift to historical consciousness recognizes the particular context of cultures. The context of Rome differs from that of Latin America. As such, Catholic social teaching desires to remain ethically conscious of these differences.

Secondly, Catholic social teaching emphasizes the person as a subject. Curran argues,
“The Catholic tradition in general and Catholic social teaching in particular traditionally have emphasized the basic dignity of the human being who is an image of God through reason and the power of self-determination” (67).
For this reason, Catholic social tradition tends to recognize the rights of the marginalized whether it is the poor in society or the exploited workers in urban factories. Ethically speaking, a person who is an image of God deserves basic human dignity.

An Economic Order: Where Catholic Social Teaching, Locke, and Wesley Meet
Photo by Catholic Church (England and Wales)
Upon settling theological and ethical methodology, Curran explores the ways in which Catholic social teaching informs the economic order. He concludes that the movement influences the both purpose of material goods and wealth and the preferential option for the poor, among other issues.

Similar to John Locke’s argument for private property, Catholic social teaching operates under the premise of private property in the economic order. Leaning on the principles of dominion found in Genesis, Catholic social teaching affirms both the intrinsic value of work and the value of the laborer completing the work.

Even though Catholic social teaching affirms the intrinsic right to private property, it differs from Locke’s conception of private property specifically in its instrumentality. Curran writes,
“In this life, private property must always be justified by how it relates to the destiny of the goods of creation to serve the needs of all. Private property is not the first and most important reality with regard to the understanding of material goods and wealth” (181).
While Locke and proponents of Catholic social teaching agree on the principle of private property, Catholic social teaching differs from Lock in that private property exists for others not for the individual.

Likewise, Catholic social teaching resembles the theology of John Wesley when it promotes the preferential option for the poor. As mentioned earlier, Catholic social teaching believes that the plight of the poor carries special consideration. As such, Catholic social teaching promotes a distributive justice similar to Wesley. The movement suggests that justice function proportionally, not arithmetically. Meaning, Catholic social teaching promotes justice that disproportionally taxes the rich instead of a system that taxes equally.

Speaking in economic terms, Curran states,
“Justice for the worker insists on the fundamental importance of the material needs of the worker but calls for something in addition—active participation and sharing by the worker in the enterprise” (195).
Much like Wesley’s third principle of “giving all you can” in his sermon, “The Use of Money,” the distributive justice in Catholic social teaching urges the affluent to give to the poor. In business terms, Catholic social teaching strives to widen ownership. Where capitalism usually concentrates power at the top amongst a few people, Catholic social teaching desires greater rights for the workers.

Conclusion 

Catholic social teaching addresses the economic shift from agrarian to industrial methods. Beginning with a catholic theology that includes reason, natural law, and a preference for the poor, Catholic social teaching professes an ethic that promotes historical consciousness and individualism. While similar to Locke in the promotion of private property, Catholic social teachings takes a further step suggesting that private property exists for external ends. The movement also agrees with Wesley in promoting a distributive justice that requests a “give-all-you-can” attitude of Christian people.

If you are interested in Catholic theology and another way of doing business, I recommend Charles Curran’s Catholic Social Teaching.

Verdict: 4.5 out of 5
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Posted by: Donovan Richards

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