The World's Best Book Summaries
What kind of investments provide tax breaks? Should you hire a tax consultant? What kind of loan can lower your tax burden? You might be paying more taxes than you need to. In The Wealthy Barber, David Chilton discusses ways to save money. Minimizing your tax bill is one of them. He shares recommendations for reducing how much you pay in taxes each year. Keep reading for advice on how to pay less in taxes.
Do you often write emails? What are some things you should keep in mind when writing a professional email? Writing emails is an essential skill in the modern-day professional milieu. Most people read dozens of emails a day, so it’s critical that your emails convey the message with the recipient in mind—consider your goal in writing the email and make it crystal clear to understand what you want them to do with it. Here’s how to write good emails every time.
What are loonshots? How can organizations cultivate a culture where innovative ideas thrive? Loonshots are innovative ideas that change the world (e.g., insulin, radar, computer animation). Initially, loonshots are dismissed as crazy and overly ambitious. For this reason, loonshots almost don’t make it. In his book Loonshots, Safi Bahcall argues that organizations can deliberately cultivate these kinds of ideas. He presents four rules for nurturing loonshots and explains how organizations can keep innovating no matter how big they grow. Let’s explore Bahcall’s four rules for generating loonshots.
When it comes to decision-making in your organization, how much power do you and your employees have? How fast are decisions made? What happens immediately after a decision is made? In his book What You Do Is Who You Are, Ben Horowitz discusses how decision-making is an aspect of your organization’s culture. As the leader, you set the tone for how decisions are made. Horowitz identifies three choices you make that determine what kind of decision-making culture you build. Keep reading for details on these three choices.
Why do large organizations struggle to innovate? How can you sustain innovation in your organization as it grows? Maintaining innovation is a major concern for organizations as they grow. According to Safi Bahcall, the author of Loonshots, it’s possible to balance growth with continued innovation. The key, he says, is to balance stake with rank. Here’s how organizations can keep innovating no matter how big they grow, according to Safi Bahcall.
As you strive to shape the culture of your organization, what should you expect? How flexible should you be? Does every employee need to be on board? In his book What You Do Is Who You Are, CEO and venture capitalist Ben Horowitz discusses three cultural challenges that leaders face as they seek to shape their organization’s culture. He explains that they must deal with the fact that culture is both aspirational and actionable, culture is always evolving, and culture is universal. Continue reading to learn more about these challenges.
What are the major obstacles to innovation in organizations? Why do innovative ideas get shot down? According to Safi Bahcall, the major obstacle to innovation is disbelief: Groundbreaking innovative ideas are often dismissed as crazy and overly ambitious. He calls such ideas “loonshots” (loonshot = loony + moonshot). In addition, innovation-focused companies may fall into traps that keep them from innovating successfully. Here are three traps that kill innovation.
What is Toyota’s leadership style? What do Toyota leaders value? In The Toyota Way, Jeffrey Liker explains how Toyota manages its people. He covers how Toyota shows respect for its employees, promotes leaders from the inside, prioritizes teamwork, and extends relationship-building to the whole supply chain. Keep reading to learn more about Toyota’s leadership style.
Does your company culture need improvement? If so, where should you start? What practical steps can you take to make lasting change? In the book What You Do Is Who You Are, Ben Horowitz shares three cultural leadership lessons taken from the story of Shaka Senghor. Senghor demonstrated transformational leadership when he served in prison. Horowitz discusses three lessons from Senghor’s story: take advantage of teachable moments, start necessary changes from the top, and meet daily to model changes. Keep reading to learn how to improve company culture.
In what ways are the traditional project management methods flawed? How does the Scrum method overcome those flaws? In his book Scrum, Jeff Sutherland compares the Scrum method to more traditional management methods, such as the Waterfall method. Sutherland points out that these traditional methods don’t work well because they’re based on unrealistic optimism, whereas the Scrum method is based on flexibility and reality. Let’s take a look at Scrum vs. traditional project management methods.