The World's Best Book Summaries
What is the MBO process? How can providing goals give employees flexibility to shape their own work? The MBO process, also known as management by objectives, is a management style in which employees have goals mapped to organizational priorities. The employee then gets to determine how they want to achieve those goals. Read on for more about the MBO process and how it is used at Netflix.
What are 360-degree reviews? How are they run and why do they offer better feedback? A 360-degree review is a process in which every peer, subordinate, and manager or supervisor provides feedback to an individual. It is also known as multisource feedback. Keep reading for more about 360-degree reviews and how they’re used at Netflix.
Do we know how extroverts think? How does it differ from the way introverts think and what does this mean for management? How extroverts think depends on the specific situation. One area of clear difference between introverts and extroverts is the thought process on risks. Extroverts are significantly more likely to engage in risky behavior, indicating that how extroverts think about risk and calculating risk is different from their introverted counterparts. Keep reading for more about how extroverts think.
What does a stock broker do? Should you get a stock broker if you invest money in stocks? Many people wonder “what does a stock broker do?” If you invest often, you may consider using a stockbroker. But Benjamin Graham points out in The Intelligent Investor that brokers make money by trading more, and may not be the best use of your money. Keep reading to find out the answer to the question “what does a stock broker do?”
What is an expense reimbursement policy and why do companies have them? How did Netflix get rid of its policies for reimbursing travel and expenses? An expense reimbursement policy is a set of rules for what a company will and will not pay for when its employees are on official business or travel. At Netflix, Reed Hastings moved away from a traditional policy and just set general guidelines while allowing employees to exercise their judgment. Keep reading for more about the change to the expense reimbursement policy at Netflix.
What are the two types of investors? Is one type of investing more likely to get better results than another? In The Intelligent Investor, Ben Graham describes two types of investors: defensive investors and aggressive investors. Defensive investors don’t want to spend time investing. Aggressive investors love looking for new stocks and ideas. Both are good tactics. Read more about the two types of investors and how they work.
What was the AOL Time Warner merger? Was it successful and how did it affect stocks and investments? The AOL Time Warner merger is an example of a small company absorbing a large company, and why this method fails. The merger caused major financial losses and stock price drops. Read more about the AOL Time Warner merger and the lessons we can learn about investing.
What is dividend theory? Why do businesses have different dividend policies and what do they mean? Dividend theory is how businesses divide their profits among investors. Many businesses have set dividend policies. Additionally, the standard dividend policy meaning has changed over time. Read more about dividend theory and how it’s changed over time.
What are mental models for creative teams? Why do creative teams need these models? Creative teams can be challenging to manage because creativity isn’t a linear process. Using mental models for your creative teams can help, especially where there is anxiety in the face of uncertainty. Read more about the mental models for creative teams and how they can help secure results.
What does an aggressive investment portfolio look like? How should aggressive investors choose stocks? An aggressive investment portfolio follows strategies of aggressive investors, who spend a lot of time doing meticulous research on their stocks. In The Intelligent Investor, Benjamin Graham provides criteria for building an aggressive investment portfolio. Read more about aggressive investing and building an aggressive investment portfolio?