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Wednesday, March 26, 2014

Young money : inside the hidden world of Wall Street's post-crash recruits

View full imageby Kevin Roose    (Get the Book)
Roose, a financial journalist and author, offers a compelling glimpse of Wall Street in the post-2008 recession era as he shadows eight first- and second-year entry-level analysts at leading investment firms. All college graduates in their early twenties, they give him unauthorized access to their own experiences and lives in return for absolute anonymity. We learn about their big bonuses and lifestyles along with 100-hour work weeks. Roose is quoted, Their offices are covered in moldy takeout containers . . . . They dress in whatever is left in the clean laundry bag . . . and haven't seen sunlight in two months. The author discovers the toll the 2008 recession has taken on Wall Street, shrinking it significantly with lost jobs, and he also cites emerging competition for recruits from the growing technology industry. Overall values in this generation may be changing, too, as a student and potential Wall Street recruit said, Everyone wants to make money. But when I'm working in the place, I want to know that I'm doing some good. A thought-provoking, excellent book. --Booklist

Wednesday, March 19, 2014

The moment of clarity : using the human sciences to solve your hardest business problems

View full imageby Christian Madsbjerg    (Get the Book)
The authors describe the experience as a fog, a time when the business and its executives know something's wrong but can't quite define it. Consultants Madsbjerg and Rasmussen are proponents of sensemaking, a nonlinear process derived from the human sciences (like anthropology and ethnography) in which judgment and intuition help drive answers. Their statements of assumptions will have every head nodding: among others, that people are rational and fully informed, that tomorrow will look like today, and that hypotheses are objective and unbiased. Yet what they do is so innately smart and practical that it's a real surprise more corporations haven't adopted it. Look at LEGO, one of their four detailed case histories. In the early 2000s, sales slipping, the company turned to a new CEO and new thinking about the role of play in kids' lives. Adidas, too, turned to sensemaking, realizing that its core appeal was no longer to athletes or wannabes but rather as an inclusive brand inviting all of us to join a movement of living a healthier and better life. Strong, seductive arguments that hopefully will sway the logic and process makers among us. --Booklist

Wednesday, March 12, 2014

Appreciative inquiry : a positive revolution in change

View full imageby David L. Cooperrider    (Get the Book)
Originally part of Berrett-Koehler Communication's "Collaborating for Change" series, this short introduction to Appreciative Inquiry is the best way for organisations to be introduced to AI by the originators and leaders of the movement itself. Now with a new introduction and updated with revisions throughout, "Appreciative Inquiry" offers an approach that works because it acknowledges the prevailing attitudes toward change. It offers a fresh view based on the possibility of a more desirable future, experience with the whole system and activities that signal "something different is happening this time." That difference systematically taps the potential of human beings to make themselves, their organisations and their communities more adaptive and more effective. This approach is based on solid, proven principles for unleashing people's creativity, knowledge and spirit toward a common purpose. (Summary)

Wednesday, March 5, 2014

Jim Cramer's get rich carefully

View full imageby Jim Cramer    (Get the Book)
Cautious investors are weary of low returns on bonds and CDs but wary of the stock market, given recent precipitous declines and minor crashettes. Cramer, former hedge fund manager, host of CNBC's Mad Money, and founder of TheStreet.com, asserts that conservative investors need not shy away from stocks. Cramer identifies several megatrends (and stocks) that promise strong returns, including technology that embraces the holy trinity of social, mobile, and the Cloud; healthy eating; frugality; biotechnology; and energy. Beyond the trends, Cramer highlights bankable CEOs offering strong management that also promises strong returns on the stocks in their companies. In highly accessible language, Cramer explains how the stock market is influenced by economic data, Fed policy, world events, the actions of hedge funds, and the trend toward sector funds even when the underlying fundamentals of a stock remain stable. Drawing on his long experience, both mistakes and successes, Cramer demystifies the stock market and offers sound investing advice and an insightful overview of the market for cautious investors. --Booklist