The World's Best Book Summaries
What is the best way to calculate bond return? What simple method can help you do this? Determining returns on bonds held to maturity is an easier task than calculating returns for stocks. Use this simple method to calculate return on bonds, bearing in mind the potential effects of inflation. Find out how to calculate bond return below.
What is the best approach for better team decision-making? Why is the financial plausibility test system flawed? The best way to approach team decision-making is to ask what needs to be true for the company’s strategy to be successful. This encourages creative ideas and holistic decisions, as opposed to the model-centric systems that discourage out-of-the-box solutions. The financial plausibility test is a flawed model for team decisions because it is expensive, model-centric, and stifles creativity. Read on to discover the step-by-step guide to better team decision-making.
Do you feel like your employees have lost the drive to perform at their best? What can you, as a leader, do to motivate and inspire your team? Inspiring employees to go above and beyond requires a leader who is willing to show their emotional side. Everyone inherently has the ability to inspire, though everyone will do it differently depending on their purposes, communication style, and the challenges at hand. To inspire, use the following two techniques.
In an ever-changing and fast moving world, how can you keep your organization alive? Is it bad for your company to always be changing? In their fable about leading change, John Kotter and Holger Rathgeber talk about the importance of being non-complacent. The authors stress that leading one successful change doesn’t mean that your organization is safe—you need to be sure that your changes stick and that you’re ready to change again if need be. Continue reading to learn what John Kotter and Holger Rathgeber had to say about being non-complacent in their fable Our Iceberg Is Melting.
Do you evaluate results after you make decisions? What can you learn by doing so? Learning from experience is a powerful way to grow. Whether it’s a decision you made—or a decision someone else made—you should evaluate results and use them as learning opportunities. Read more to learn why and how to evaluate the results of decisions.
What is Adam Grant’s book Give and Take about? What are the main takeaways? In his book Give and Take, Adam Grant discusses three reciprocity styles: giving, matching, and taking. He highlights the pros and cons of each style and explains why, contrary to the popular belief, givers tend to become the most successful. Here is a brief overview of Give and Take by Adam Grant
Is your organization well-equipped to adapt to changing circumstances outside of your control? What can you, as a leader, do to increase your organization’s adaptive capacity? Every time your organization successfully addresses an adaptive challenge, it increases its adaptive capacity and is more prepared and equipped to handle the next adaptive challenge. You can additionally increase your organization’s adaptive capacity by building an adaptable culture. In this article, we’ll take a look at the five qualities of an adaptive organization.
What are some of the most popular investment theories? How can these theories improve your understanding of investments? From the firm-foundation theory to the smart beta theory, economists have questioned the best way to approach investments. Key questions proposed by investment theories include whether the market is efficient, whether the diversification of a stock portfolio works, and whether risk can be reduced without proportionally affecting returns. Keep reading for the top investment theories.
What does the advocacy and inquiry decision-making process entail? What mindset is required to make the decision-making process effective? Advocacy and inquiry is a decision-making style where each party in a meeting presents their arguments and asks for comments and questions from other participants. The process creates an open environment where ideas are challenged and fine-tuned, which improves the critical reasoning skills of participants. Each participant must be confident and open to being challenged. Read on to learn more about the advocacy and inquiry decision-making process.
How can we keep reflexive thinking from causing us to make irrational decisions? What can poker teach us about this? Deliberative thinking involves logic and careful consideration. On the other hand, reflexive thinking leads us to act quickly and instinctively. Because reflexive thinking drives most of our decisions, we have to figure out how to keep it in check. Poker teaches us how. Keep reading to learn about reflexive thinking in regard to decision-making.