Gratitude is an often underestimated or neglected instrument in the business world. It is not uncommon for employees to be dissatisfied or change jobs because they feel unappreciated. Colleagues and managers often find it difficult to express gratitude and appreciation. In fact, lack of appreciation is one of the most common reasons for dismissal (in a survey in 2019 it was even the most frequently mentioned reason for terminating a job) – not to mention the countless cases of “internal resignation”…
One of the most inspiring books that I read recently is Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty* by Abhijit V. Banerjee and Esther Duflo. I think this book is outstanding because it not only covers new perspectives on global poverty but also examines the tiny business operations from poor people. While some other authors focus only on the entrepreneurial spirit of poor business owners (which for sure exists in many cases), go Banerjee and Duflo a bit further and explore the problems like a lack of profitability, risk management issues and limited or missing growth prospects. They also include discussions about the proper use of development aid and how the success of projects is often spoiled by misinformation, myths and cultural conflicts. Banerjee and Duflo’s book is an enjoyable and insightful read.
Of course I do not want to keep my own book from you. However, I do not want to write a review of my book by myself (as it might not be unbiased 😉). Therefore I post a review by Brad Egeland (author of 7 Deadly Sins of Project Management and A Real World Project Manager’s Guide to the Successful Project) here.
The first book I would recommend anyone to read about finance and investing is A Random Walk Down Wall Street* by Burton Gordon Malkiel. The book is easy to read and I think understandable for everyone with some interest for financial topics (including lay investors). Good for beginners. Still, it is well well-founded and science-based. It is not one of this “how to get rich fast” books, but rather sound advice for long term investors. He is focused on fundamental analysis. According to Malkiel, the technical analysis approach is used by those who believe in what he calls “castle-in-the air theory” (also known as “greater fool theory” or “survivor investing”). For me it is probably the best investment book I’ve ever read and my top pick for this recommendation list it would be this book.
I want to write the first article in this business book blog about ‘The Wealth of Nations’ (or as the full title of the book is “An Inquiry into the Nature and Causes of the Wealth of Nations”) by Adam Smith was already published in 1776 and is in my opinion still one of the most important business books.