Mark's Recommended Interesting Readings on Business, Energy, and Environmental Capitalism
The following are books I'd recommend as interesting reading. Take it exactly as that -- "interesting" reading. I don't agree with everything the authors describe, and in some cases totally disagree with them, but I believe there are valuable insights in each of these books. BTW, you won't find any Tom Peters style items here since I don't tolerate pop culture addicts who grind up serious issues into pablum for the masses. Not that I'm opinionated -- oh wait, that's why I created my own website! :-)
For convenience of Toronto residents, I've created links on each title and author to the Toronto Public Library's search results for the given item. Their web site also provides handy links to additional books of the same classification.
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The Art of the Start, by Guy Kawasaki. Dubbed "the time-tested, battle-hardened guide for anyone starting anything, the book provides a wealth of simple yet powerful tips on what to focus on when starting a new organization, whether it be a for-profit business of a not-for-profit charity. It doesn't hurt that the author has an amusing style. :-) Thanks to GK for the recommendation
Customer Intimacy: Pick your partners, shape your culture, win together, by Fred Wiersema. The book reflects on a number of methods by which to become a close partner with your customers for your collective success, and how to best build those relationships, including a healthy dose of reality. The book is full of pearls of wisdom, relevant for small and large companies, whether they be high or low tech firms. The book aligns quite closely with my personal beliefs, and the following quote sums it up:
"The core of customer intimacy lies in a simple - but radical - commitment: to deliver results. Not satisfaction, not delight, but the best possible solution to an individual customer's needs. Customer-intimate companies can sell virtually anthing: plastics, insurance, auto seats, tools, flowers, fitness gear... But whatever they're selling, their commitment to their customers' best results remains the same. Simple logic lies behind that commitment. Customer-intimate companies know their customers don't buy a product or a service. They buy its benefits. The bigger the benefits, the more product or service they'll buy - a result that pays off for buyer and seller alike. What's radical about this is the depth of commitment its execution requires. To deliver best results takes all the imagination, initiative, empathy, and dedication a company can muster to stretch its understanding of its mission, its organization, its culture, and its customers. Listen to how customer-intimate managers sell. Whatever specific benefit they offer a potential customer, they always invoke the same eloquent commitment, which they can express simply and directly enough to pass "the elevator test"... They'll talk results, hard and tangible. No generalizations. No partial solutions. They focus on the individual across from them, not a group or demographic construct. They understand that each customer's needs are unique and present an opportunity to deliver a unique solution. They don't say "That's too difficult" or "We don't do things that way". Instead they say, "Let's explore what we can do for you."
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The Butterfly Customer: Capturing the Loyalty of Today's Elusive Customer, by Susan O'Dell and Joan Pajunen. The premise is that customers easily move from one supplier to another, and loyalty is only achieved by establishing a sense of trust with the customer. This involves setting accurate and relevant expectations for customers (and employees and shareholders for that matter), as well as ensuring your product/service, its media portrayal, and its delivery are all formulated in a consistent manner.
Gung Ho! Turn on the People in Any Organization, by Ken Blanchard and Sheldon Bowles. Co-authored by the person who wrote The One-Minute Manager, this is the story of a troubled organization that turned itself around using three principles, which may sound hokey, but are worth serious consideration: 1. The Spirit of the Squirrel: Establishing worthwhile work, 2. The Way of the Beaver: In control of achieving the goal, and 3. The Gift of the Goose: Cheering each other on. Very interesting recommendations of principles to employ which guide how people act, direct themselves, and grow within an organization. Thanks to DD for this recommendation -- Gung Ho, friend. :-)
Purple Cow: Transform your Business by Being Remarkable, by Seth Godin. A treatise on the demise of traditional mass-marketing techniques, proposing that the only solution is to captivate the attention of the sneezers (people who will spread the "ideavirus") who are also otaku (people with an obsession to find the best item of their interest; consider it a hobby taken to the extreme) and enjoy your product. You're either a purple cow, or you're not! :-) Thanks to GK for the recommendation.
...And Dignity for All: Unlocking Greatness with Values-Based Leadership, by James Despain and Jane Bodman-Converse.
The business travels of a person who started working at Caterpillar as a factory-floor sweeper who eventually became a key senior executive and lead to the creation of a philosophy of how people can organize themselves in a dignified manner to achieve beneficial results. A bit preachy at times, but contains a number of interesting lessons if you strive to create a business that wants to go out of its way to be thoughful and respectful to employees and customers. The interesting part of the book is following how the author developed his practices as he grew from one position to the next.
Form & Purpose, by Moshe Safdie.
The well-known architect, back in 1982, wrote a scathing criticism of architecture (which is equally relevant today), describing his viewpoint that so much unwarranted attention was being given to the novelty and shock-value of dramatic architecture with little regard to the larger issues of creating structures suitable for the environment, community, and purpose for which they should be designed. Indigeonous architecture is noted as a good foundation staring us in the face but has been ignored for quite some time. The premise is that for a number of cultural or "path of least resistance" reasons, people have avoided the serious, challenging, and most likely surmountable problems of how to design habitats that help the human condition -- if only they would focus on them as targets of interest. The following quote from the book is a constructive call to arms: "The risk that gifted people will divert themselves from where their attention and energy should go is too high a price to pay".
Shameless Exploitation in Pursuit of the Common Good, by Paul Newman and A. E. Hotchner.
Yes, we're talking about the well-known race car driver (though some might recall him as an actor :-) and his business partner who started a line of healthy, tasty consumer food products as a lark and turned it into a business that gives away millions to charities annually. Talk about "environmental capitalism" at its best! The book spends almost as much time on their children's camps as it does on their initial salad dressing product. They admit that Newman's fame helped catch the buyer's eye, but obviously, if it didn't taste good, the buyer wouldn't have returned. Lots of interesting business and marketing lessons abound in the book, even though they adamantely refuse to admit they followed any sound business advice (They just refuted conventionally bad wisdom for practical common sense :-).
The Innovator's Solution: Creating and sustaining successful growth, by Clayton M. Christensen and Michael E. Raynor. Huge. Great. The best book I've read to date. This is the follow-on book to The Innovator's Dilemma (listed below). I am somewhat skeptical of some of the claims made concerning branding and modular vs. proprietary architectures, but the remainder of the book is of immense value to the decisions that should go into disruptive ventures. I was so impressed by it that I've gathered notes and quotes in a separate notes page for quick reference. AT: Huge thanks for the recommendation -- and the loaner.
Innovator's Dilemma: When New Technologies Cause Great Firms to Fail, by Clayton M. Christensen. This book speaks directly to those trying to market "disruptive", break-through or radically different technologies and how to address the issues of conventional value judgements against existing comparables. There is a fair bit of attention paid to innovators' problems within large organizations, but the important concepts of value networks, simplifying products to meet anticipated trends rather than current customer needs, and the importance of not overshooting the market's requirements (and spotting when this occurs) are valuable to all types of innvoative businesses. AT and PE: Thanks for the recommendation.
Good to Great (Why some companies make the leap, and others don't), by James Collins. Great reading on what to look for in an organization and its leadership -- and what to watch out for. The book provides thought on what makes good companies great ones (relative to their peers). A good perspective if you're contemplating the nature of a given firm and deciding if it's the right one for you, in addition to being good food for thought if you're contemplating starting a firm. GK: Thanks for the recommendation
Emergence: The Connected Lives of Ants, Brains, Cities, and Software, by Steven Johnson. A fascinating read into the complexity theory property of emergence, which you can find applications for all over the place; a great eye-opener, especially if you're into s/w networking, cooperative processing, or operational process design. I've summarized the principles noted in the book and can distribute them if desired.
Natural Capitalism: Creating the Next Industrial Revolution, by Paul Hawken, Avery Lovins and L. Hunter Lovins. This is one of the seminal books on the environmental + capitalism issue. I have to admit I find some of their claims very difficult to believe, but overall, I find the themes of business and society "doing the right thing" in a capitalistic business framework to be very attractive. JW: Thanks for the recommendation
The Good Society: The Humane Agenda, by John Kenneth Galbraith.
The book speaks to fiscal policy decision makers, where the advice is that they should strongly overcome the interia of politics and economic constraints to implement fiscal policies that help the larger segments of the population who most need assistance. He is a strong advocate of debt financing during bad times that should be paid off during good times -- no matter how politically unfavourable it is to ensure the funds are obtained from taxpayers during such good times. Be prepared for an extremely flourish, formal writing style, but in his defense (Not that he would care about my opinion), this book was written in 1996 when the author was in his 90's, so his style was most likely formed during the 20's or 30's when his style was more prevalent.
The Nature of Economies, by Jane Jacobs. The Socratic style IMHO clutters up the flow of the concepts presented, but don't let that fool you into dropping the book before completing it. The theme is that nature organizes itself using a set of principles and that instead of economics (or rather, the imposition of man-made constructs as economies) working against such principles, we should learn how to "go with the flow". The hopeful outcome is a rethinking of how we approach economic activities in a more (pun intended) natural manner. Yes, I would agree that there's a lot of wishful thinking, but the principles are definitely worth looking at. I would have prepared a notes page for this book, but there are many such references available on the web. HH: thanks for the recommendation
Microhydro: Clean Power from Water, by Scott Davis. A very practical guide to small hydroelectric power projects. Organized in a very pragmmatic manner that includes the theory and practical methods of deciding if/how to construct a small-scale generation project, including some real-life samples. The premise of the book is that small hydro is more energy efficient than other renewable generation sources (e.g. wind, sun) given that water provides a steady stream (Good one! :-) of power for a much lower cost than other sources. The trouble is that we all don't have convenient sources of flowing water to tap, so its widespread application is limited. Also quotes demand figures for houses that are very low compared to usual household consumption (even for an urban family that practices good conservation measures). Definitely makes you think more about small scale generation projects though.
Selling Dreams: How to Make Any Product Irresistable, by Gian Luigi Longinotti-Buitoni. Even though the author was president of Ferrari North America, the book speaks to products or services that are not simply the realm of the ultra-wealthy. The book espouses creating a marketing strategy based on addressing the intangible qualities/characteristics associated with using products, rather than the characteristics of the products themselves, which, oh, just might be suitable to dealing with some of the intangible nature of environmentally/socially sound products.
The Ingenuity Gap, by Thomas Homer-Dixon. The book deals with the traditional (faulty?) premise that we always expect we're smart enough to come up with the right answers in a bind, but the problem is that we usually don't recognize or can't allocate the appropriate resources to stimulate ingenuity precisely when the greatest demand for it exists. I view the theory as an interesting view of societal behaviour and its inherent weaknesses. GK: Thanks for the recommendation
Power: Journeys across an Energy Nation, by Gordon Laird. A fascinating look at the author's travels across Canada and the impact of the energy sector on the country. A bit preachy for me at times, but provides an interesting "slice of life" introspective into people who live in energy-significant towns and cities. GK: Thanks for the recommendation
P.S.: There are a host of other books that unfortunately I have not kept track of that have provided very interesting food for thought to me. I'll try to post them when I locate them.
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