The World's Best Book Summaries
How do you generate new, original ideas? Do you think originality is pure luck or there is a formula behind it? According to Adam Grant, the author of Originals, the key to generating original ideas is to come up with LOTS of ideas. Most of them won’t be good, but some of them will be gems. Here’s how you can increase your chances of generating original ideas.
What are the nine stages of company growth? Why is it so important to change your management style as your company grows? When a company grows, you must change the management approach because what worked when you had ten employees will cause chaos when you have a thousand employees. The book Blitzscaling details the nine stages of company growth, from starting out to hiring executives. Keep reading to learn about the nine key stages of company growth.
What was the McLibel case in the 1990’s? How did the case change public perception of McDonald’s? In 1986, Greenpeace activists began distributing pamphlets explaining the many issues with McDonald’s. McDonald’s eventually sued for libel, but their reputation had already been damaged. This became known as the “McLibel” case. Read more about the McLibel case below.
What is the best way to test a business idea? Why is it important to run your ideas by others? People are poor judges of their own ideas. That’s why the best way to test a business idea is to run it by others with relevant domain expertise. Here’s how you can test a business idea in the most impartial and dispassionate way.
It is possible to apply the blitzscaling methods to a large-scale business? Does blitzscaling only work with technology companies? The process of blitzscaling is usually associated with startups like Airbnb and PayPal. However, the blitzscaling method can be applied almost to any industry. Additionally, a company doesn’t have to be small to blitzscale it. Blitzscaling works on large-scale businesses just as well. Keep reading to learn how to apply blitzscaling to a large-scale business.
Do you have a business idea in mind? What do you think is the most important factor when it comes to presenting business ideas to a third-party audience? Once you have an idea, you’ll likely need to bring other people on board, whether as investors or teammates. Presenting business ideas can be an unnerving experience, and that’s understandable—the stakes are high. Whether you’re pitching to a private investor or potential partners, here are some tips for presenting your business ideas clearly and persuasively.
What is McDonald’s global strategy? How did McDonald’s expand internationally? McDonald’s global strategy is to gain customers all over the world, and to have McDonald’s restaurants in all countries using their efficiency model. Another hallmark of McDonald’s global is that it should taste the same everywhere you go. Read more about McDonald’s global strategy.
How has American agriculture changed in the last century? What is the effect of industrial farming on U.S. farmers, and what does fast food have to do with it? American agriculture has changed drastically since the invention of fast food. The industry has exercised incredible influence on agriculture and agribusiness, mostly to the detriment of the country and to animals. Read more about American agriculture and the fast food industry below.
What was Mike Daisey’s monologue about? What elements of the monologue were inaccurate or completely made up? And what was the public reaction to Daisey’s fiasco? In 2010, monologue writer and performer Mike Daisey committed literary fraud. He invented details in a non-fiction monologue about working conditions in Apple factories that he performed on the podcast This American Life, among other venues. In response, Daisey was publicly shamed. Read about the Mike Daisey’s monologue scandal, how it unfolded, and what happened in its aftermath.
Who was the frozen food inventor? How did the invention of frozen food change agriculture and the fast food industry? J.R. Simplot wasn’t exactly the frozen food inventor, but he did make one of the most groundbreaking products of the frozen food revolution. With his frozen french fry, Simplot made it easier for fast food companies to get the products they needed at a cheap price. Read more about the “frozen food inventor” and the frozen potato.