The World's Best Book Summaries
What is the deception box in the book Leadership and Self-Deception? How do you know if you’re leading from the box? In Leadership and Self-Deception, the Arbinger Institute tells a story of a manager named Tom who is “stuck in the box.” However, Tom can’t escape the box unless he first realizes that he is in it, and recognizes his habit of self-betrayal. Keep reading to learn what it means to be in the deception box.
Who was Milton Friedman? What was his economic philosophy? Milton Friedman was an American economist who was best known for his devotion to the ideology of free-market capitalism. Friedman believed in the power of the market to regulate itself, was strongly against government intervention, and was in favor of privatization and maximization of corporate profits. Keep reading to learn about Milton Friedman’s capitalism philosophy, and his efforts to realize his vision of perfect-market capitalism—efforts that would, in time, lead to the modern disaster capitalism complex.
What is shock therapy in the context of economics? What measures does economic shock therapy entail? In economics, shock therapy is a way to quickly improve a country’s economy through rapid privatization, deregulation, and severe cuts in government spending. It imposes strict free-market policies on the country in question as quickly as possible. In this article, you’ll learn about the concept of shock therapy, and how it relates to economics.
How does a company culture develop in a startup? How do you ensure a healthy company culture in a new business? A startup company culture develops over time through consistent positive actions, not by installing foosball tables or espresso machines. Once established, company culture solidifies and becomes very difficult to change. Therefore, it is important to keep your eye on its evolution and intervene when necessary. Here are six principles to cultivating a healthy startup culture in which staff members do their best and enjoy their jobs.
Why is giving unsolicited opinions to colleagues a bad habit you should break? How can you use observational feedback to improve your workplace demeanor? When you give your unsolicited opinions to your employees, you may be doing more harm than good. This type of feedback may lead to frustration, shame, and even outbursts. Here is why you should keep unsolicited opinions to yourself.
What is free-market capitalism? How are resources distributed in a free-market economy? Free-market capitalism is an economic system where factors of production are controlled by private entities (individuals and firms) with little to no government intervention. Firms charge the highest price consumers are willing to pay and workers earn the highest wages firms are willing to pay for their labor. In a free-market capitalist economy, firms are motivated to operate as efficiently as possible to keep their market share. In this article, we’ll discuss the ideology of free-market capitalism and what happens when it’s realized in practice.
What is The Oz Principle about? What is the underlying idea behind the authors’ Oz principle? In their book The Oz Principle, Craig Hickman, Roger Connors, and Tom Smith lay out four steps to accountability that will move you to success both in your personal life and in your organization. The authors explain how to journey, like Dorothy from The Wizard of Oz, from a mindset of victimism to one of accountability. Below is a brief overview of the key points.
What is the power of Now? Why is it so difficult to keep your attention in the present moment, without drifting off either into the future or the past? The Now is the present moment—each individual moment in the innumerable sequence of moments that makes up our lives. Practicing the power of Now is experiencing each of these moments with your full and undivided attention, without being distracted by your internal monologue (whether that includes thoughts of your to-do list, replaying an interaction from this morning, or running commentary and analysis of the present). Here is how living in the
In what ways do selling and service go hand in hand? What are Daniel Pink’s two rules to the service-oriented selling approach? In his book To Sell Is Human, Daniel Pink explores the connection between selling and service. He says that the two things you must do are make the sale personal, and make it purposeful. Keep reading to learn more about Pink’s service-oriented selling approach.
Do you want to learn about practicing non-attachment? How can it improve your confidence and mental health? For centuries, Buddhist teachings have explored the idea of non-attachment, which involves severing unhealthy attachments to people, possessions, or states of mind. Practicing non-attachment has been shown to have benefits like improving your happiness and reducing stress. Find out more about practicing non-attachment below.