This site has an archive of more than one thousand interviews, or five thousand book recommendations. The Myth of Chinese Capitalism is a tale of two cities--impoverished Binghuacun, from which hordes of migrants depart; and industrial Guangdong, where hordes of migrants arrive. By Elana Dure. What’s this book about? She identifies some of the slightly wacky 1950s, 1960s elements of the story. In a world which has vaccines or even just therapies and behavioural ways of returning to normal (or nearer to what used to be normal), we may find that the next normal or the new normal—or whatever horrible cliché one wants to apply to it—is actually closer to the old normal than we thought, because people will yearn to get back to some of the things that made business worth doing or work worth pursuing, faster than we think. 4 Just the fact that none of us has heard of this company is interesting, given the scale of its ambition and the things that it tried to do that are now being done. Well, the title is hyperbole, it’s not a world without work. Often I believe the best books are the ones that survived to the test of time. Competition Overdose: How Free Market Mythology Transformed Us from Citizen Kings to Market Servants, by Maurice Stucke and Ariel EzrachiConventional wisdom says competition is good. For that reason, we are compiling ten of the best business books published in 2020 for the entrepreneur inside of you. by Sarah Frier So it’s a history, but one with great relevance for today. Now in Experimentation Works, a Harvard Business School professor gets more concrete, lauding the power of "experimentation organizations" in which everyone--not just R&D--constantly tests everything from new processes to new business models with scientific rigor. 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. You’ll remember that Instagram was a funky photography app with hardly any staff and Facebook paid a billion dollars for it, which shocked everyone at the time. So there are lots of lessons in here that perhaps Henderson didn’t necessarily intend. We discussed this a bit last year, but in terms of the kind of books you’re looking for, it’s not just about how to run a successful business, is it? Tetrick, who is beset by hungry competitors, is a fascinating guy who previously took on Big Condiments with vegan mayonnaise. 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. Today, I'd like to bring you my TOP 10 PICKS out of all the books I read in Last Year. Once you’ve got the best team in place—and they talk very clearly about it being a team, not a family—then you can start to trust them with this no rules corporate culture. What did that comment in the meeting really mean? There have been very few companies that have done as well as Netflix has done. This article has provided our recommendations of the best business analysis books that are relevant for 2020 and listed books to improve their ways of working including in agile. #SmarterWithGartner 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. 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. That over-cautiousness, in turn, narrows the pipeline to the C-suite, where we need diversity to end this crap once and for all. ... Best business books. Extensively researched, … Always Day One: How the Tech Titans Plan to Stay on Top Forever. Through Instagram, I found a lot of artists who were using it. He crushed it, eventually driving out Systrom. His prescriptions are curbs on big tech—which is one of the things that we’re already seeing with regulators and policymakers in Europe and now in the US. But this was something that Instagram spotted and was able to capitalize on. Also, I don’t think there’s much in their policy prescriptions that looks at the cultural elements that seem to me, as a non-economist, to be so important when you’re looking at the mudslinging that’s been going on between the two halves of the US political environment. It’s quite humorous, the bits of the book I read. We asked Caroline Crampton, creator and host of the Shedunnit podcast, to recommend her favourite classic mystery books set during the Christmas period. Is there a book you’ve found useful that’s more recent about everything that’s been going on this year? Getty. Then there’s the far more difficult task of working out which of the books that have yet to be published and reviewed—that come out between June 30th and mid-November, the date eligibility ends for this year—should be on the longlist. We gave the award to Martin Ford’s book, The Rise of the Robots: Technology and the Threat of Mass Unemployment, five years ago. Scott advocates international policy collaboration similar to that focused on climate change, space exploration, and public health. Andrew Hill is Management Editor of the Financial Times and organiser of the Financial Times and McKinsey Business Book of the Year Award. AI processes are more scalable than human-powered ones; the technology creates more scope because it easily connects to other digital businesses; and it greatly amplifies learning and improvement. What I like about the book is that Henderson is very clearly not an enemy of capitalism. In The Politics Industry, HBS professor Porter--creator of the seminal "Five Forces" strategy--joins activist Gehl to explain what happens when competing parties control the rules of competition and how citizens can help fix the system. That’s a job that’s done by me and colleagues, sifting through books as they come in. So, critically, you have to have the right people on board in the first place. Read But more isn't always better. “I like to think that we’ve stretched the genre”. He’s making the economics accessible. It’s very successful in lots of ways. Fair enough. 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. There are some good lessons in the book. 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. The 11 titles in the best books for advisors in 2020 explore value, risk management, financial bubbles, decision-making, strategy, fraud and customer service. Is she trying to be funny? 5 Andrew Hill is Management Editor of the Financial Times and organiser of the Financial Times and McKinsey Business Book of the Year Award. “We may be subject to a wave of rather bad Covid-19 books before we get to the good one”. The robots are going to take our jobs and we’re going to have to shift towards a world in which we learn how to deal with the amount of time that is going to free up for us. See? Strategy. Now, obviously he didn’t crush it completely, because Instagram is still going and we’re all using it. I don’t think I’ve seen anything yet that I think is original or wide-ranging enough. So the robots are going to take our jobs? The company pulled that off using a strategy McKelvey calls the "innovation stack." No Filter: The Inside Story of Instagram It takes the edge off, it’s not preaching to us. In Humanocracy, London Business School professor Hamel and McKinsey alum Zanini lay out the costs of dehumanizing workers in the interest of control and explain how to achieve the benefits of coordination and consistency while letting employees be themselves. Angus Deaton won the Nobel Prize in economics and Anne Case is a very respected empirical economist. Netflix is one of the big companies that has obviously done particularly well under pandemic conditions, with people streaming boxsets and watching seasons and seasons of things via Netflix or other streaming services. There are other nice examples in there, including more familiar ones, like Unilever trying to make palm oil sustainable. 8 min read. The implication for extending lifetimes is especially intriguing. The sudden change to a slower gear also left more room to reflect on the state of the world and our place as humans in it. Harvey Schachter. These books can help you make the gains you’re looking for at home and in the ... Top 20 Books You Need To Read To Crush 2020. I don’t think there are any other books on the 2020 shortlist that fit the narrow definition of business book, are there? The struggles of families there predict rising social tension that endanger the giant's future. 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. Five Books interviews are expensive to produce. Look no further. These are books that will already be underway. So it’s got lots of uses. Written by Alex Kantrowitz, a senior technology reporter for BuzzFeed News, always Day One reveals behind the scenes workings of the most powerful companies in the world. The fact that it happens to be Facebook and Instagram is maybe not as relevant. Three of the six shortlisted books are directly about technology or technology companies and at least one of the others touches on it. The 3 Best Business Books of 2019 (According to Every Other Best-of-2019 List) 11,000 business books are published every year. I find that quite vague and unhelpful. 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. If you are the interviewee and would like to update your choice of books (or even just what you say about them) please email us at editor@fivebooks.com. You’re management editor of the Financial Times: what’s your take? 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. And I think, for the most part, that works pretty well as a way of explaining Netflix and how it has been successful. Read She’s got a good sardonic, wry tone. Let’s move on to the next book. “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”. Best Business Books 2020: Marketing by Tony Case 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. Five Books participates in the Amazon Associate program and earns money from qualifying purchases. Perhaps a bit more idealistically, he talks about bringing back the big state. As I’ve been reading books that are coming out in the latter part of this year—some of which weren’t entered for the prize or will now be eligible for next year—you’re beginning to see people who’ve either been adapting their ideas or using some of the early consequences of Covid-19 to shape their thoughts about what comes next. That was early on in the slightly dystopian discussion about what’s coming from automation. All of them, if you like, allude to the fact of automation and the coming changes in the world of work, which is of course the other big theme of this year, as a consequence of the pandemic and the ways in which that has changed our working practices. This book was written before the pandemic, but its relevance has become greater since. The Politics Industry: How Political Innovation Can Break Partisan Gridlock and Save Our Democracy, by Katherine M. Gehl and Michael E. PorterRemember when it was fashionable to argue that government should be run like a business? Sizing People Up co-author Dreeke is a former head of the FBI's counterintelligence behavioral analysis program. So Mark Zuckerberg was worried that Instagram was going to cannibalize his own creation, Facebook, and pushed it to integrate more closely. 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. There is a certain ‘don’t try this at home’ aspect to the book. I think one of the reasons this book has got through to the shortlist is that it’s not just a glib attempt to say, ‘here are all our secrets, now just put them all in place and it’ll transform your underperforming team.’ It’s saying, ‘you’re going to have to take some tough decisions before you can get to the point where you can get the most out of this radical culture.’. 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. 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. by Rebecca Henderson They may be science books or politics books. 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. Those traditions have helped keep German factories running during the pandemic. This past year was, in short, very complicated. 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. Ed Luce—our Washington-based commentator, who has himself written books about the state of the US—reviewed the book for us. If not, you may be blowing it. So I’m expecting there’ll be some books of that sort. Measure What Matters by John Doerr Doerr is a venture capitalist and one of the early investors of Google. Best books of 2020: Fiction in translation. It's not possible to read them all, but the best business books … What I expect will happen in 2021 is that somebody will write the equivalent of Andrew Ross Sorkin’s book, Too Big to Fail, which was a minute-by-minute account of the financial crisis. It’s a great story of the feuds of Silicon Valley, I suppose. Read Want to know how to lose a billion? 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. Or is its appeal more to people who, in the past, would have read glossy magazines, rather than more serious journalism? See all 28 stories. In the year’s best business book about marketing, Restoring the Soul of Business: Staying Human in the Age of Data (HarperCollins Leadership, 2020), Rishad Tobaccowala makes a thoroughly documented case for why the businesses that thrive are those whose leaders know that what made them great is their human resources. It’s by Anne Case and Angus Deaton, who are both economists at Princeton. This year, it’s as wide as the future of work and the future of technology, the state of the world economy and globalization. Yes, though I think there are elements in the policy part of the book that don’t look big enough, given the scale of the problems that they describe. In this section, we’ll dive into the valuable books on leadership first. Not me personally, I’m glad to say, although I do spend a lot of time with colleagues working out how to filter the more than 400 entries that come in. If you're enjoying this interview, please support us by donating a small amount. He produced it at incredible speed and rooted it as the definitive account of the crisis as it happened. These are essential books for starting a business, or scaling a business, because leadership affects all aspects of your business – no matter what stage you’re in.. And he suggests how startups might try to change that. I think it’s somewhere between the two. 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. But, in the end, it didn’t succeed and it disappeared. They lay the blame very strongly on the US healthcare system, particularly the way in which opioid prescription has turned into an epidemic of addiction. Best books of 2020: Sport. There’s something very stark about a rising mortality rate. Is she seriously going to buy or is she stringing me along? Five Books aims to keep its book recommendations and interviews up to date. You can’t simply go straight to the idea that you’re going to let everybody decide their own schedule and holidays and all the radical, transparent things that they do, unless you’ve got the right people on board. 2020 has been a crazy year and it’s understandable if reading business books has slipped down your priority list. Daniel Susskind picks this up, still with a rather negative forecast—that work is going to be completely disrupted by automation and that we need to do something pretty dramatic in order to prepare for that. The 3 Best Business Books of 2019 (According to Every Other Best-of-2019 List) 11,000 business books are published every year. 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. New Business Books You Need to Read in 2020. So there is some speculation in the book, an element of controversy. But Reprogramming the American Dream author Scott should have an interesting perspective. 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. “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”. From the battle to be king of meatless meat to entrepreneurs' skirmishes with Amazon and Facebook, expect plenty of dramatic tales in the new year. We suggest that you start the introduction books before moving to books that develop your ways of … #SmarterWithGartner 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. 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. Best business books of the year 2020. Read. 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. 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. Business The Best Books of 2020. Reprogramming the American Dream: From Rural America to Silicon Valley--Making AI Serve Us All, by Kevin Scott with Greg ShawBooks on AI are proliferating so fast you'd think computers were churning them out. The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives, by Peter H. Diamandis and Steven KotlerA gazillion books ponder the social and economic effects of disruptors like AI, virtual reality, 3-D printing, blockchain, robotics, and digital biology. A World Without Work: Technology, Automation, and How We Should Respond Also: Marquee users like Anna Wintour and Kris Jenner discuss how they craft their personal brands. Read. Sarah Frier has gone heavily on the side of the story that is told by Instagram’s co-founder, Kevin Systrom. Yes, and she’s got plenty of examples of purpose-driven companies that are doing the right thing. What's intriguing about The Future Is Faster Than You Think is the speculation from Diamondis (executive chairman of Singularity University) and Kotler (a science journalist) about what happens when all that stuff starts coming together. We publish at least two new interviews per week. Other successful startups have used it too, and the author explains how it works. In fact, the proliferation of rivals sometimes hurts consumers, who pay less but also get less--unhealthy food, toxic drinking water, hidden fees, failing schools, and an internet stalked by advertisers. 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. Million Dollar Consulting is one of the top business books to read if you want to start or grow a consulting practice. The prize has been running since 2005: what kind of books has this year thrown up compared to the past? Including books about the rise of Instagram, the fall of WeWork, and the ultimate inside look at Donald Trump's relationship with Deutsche Bank. It’s a great tale to tell because woven into the Instagram story are all the Kardashians, the Taylor Swifts, the influencers and Hollywood, which is the world Systrom was moving in—as opposed to the Silicon Valley world where Zuckerberg was preeminent. Business Books The 6 Best Business Books of 2020 That's according to the shortlist for the Financial Times and McKinsey's annual prize. In Competing in the Age of AI, two Harvard Business School professors explain how to take advantage. Read. 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). Were you saying the Netflix culture can’t be replicated? Of course, they may not be business books. Are you the one choosing the books for the longlist? 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. 3 There was another CEO- written book: Winning Now, Winning Later: How Companies Can Succeed in the Short Term While Investing for the Long Term by David Cote, who used to be the CEO of Honeywell. Yes, normally you’d find business books in a specific section in the bookshop or online. 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 clearly is a book about success. His view is that there is much more to the alienation of the white working class than racial envy (I’m citing Ed because I have not travelled as widely in the US as he has). Promoting Ruskinland was often about images, so an image site was the ideal place to be doing that. Big names tackle big subjects (see Michael Porter on politics and Sylvia Ann Hewlett on #MeToo). It's not possible to read them all, but the best business books … But, in fact, that subtitle now works as a bit of a metaphor for the consequences of the Covid-19 crisis. As the world went into lockdown early in 2020, many of us without frontline jobs and lucky enough not to fall sick with Covid-19 found more time to read than usual. 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. Each of those books will shape your understanding of the entrepreneurship“>entrepreneurial and business world! Business Book of the Year Award 2020 — the longlist. Updated Dec 1, 2020. The military uses field manuals to provide simple, step-by-step instructions for coping with myriad unfamiliar situations. A bit like If Then and No Rules Rules, it’s another book about corporate cultures. He looks at ways in which we can actually compensate or offset the likelihood that we’re going to have a world without work. Always Day One: How the Tech Titans Plan to Stay on Top Forever, by Alex KantrowitzThe title, of course, refers to Jeff Bezos's dictum that Amazon employees approach each day like the first day of a startup. In the book, there is a certain amount of, ‘if only we’d gone back and been able to change history, maybe we would have been able to forestall some of the dystopia that we’re now living in.’, Read Understanding of the best team in place…then you can start to trust them with this Rules... And probably some first-hand accounts of running a business and grow as business. T used it much as a ranking plenty of examples of purpose-driven companies are., we are compiling ten of the top 10 books across all categories and genres that have strong time skills. 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