“In this tumultuous time of rebellion against globalization it is particularly important to understand the forces driving the ‘new age of globalization,’” says Kislaya Prasad, research professor and executive director of the Center for International Business Education and Research (CIBER). (4) The Great Convergence: Information Technology and the New Globalization Anyone with an interest in what risk management is about should pick up this book.” The book is a wonderful tour through history in terms of each era’s contributions to risk management. While the title doesn’t sound like a book you would pick up for beach reading, it is a terrific, fast-paced nontechnical read of how human beings have evolved in assessing risk of all types. (3) Against the Gods, The Remarkable Story of RiskĬlifford Rossi, excecutive in residence and professor of the practice, says, “My favorite book is ‘Against the Gods, The Remarkable Story of Risk,’ by Peter Bernstein. All business leaders, policy wonks and investors should read this book.”
#BEST BOOKS FOR BUSINESS PROFESSIONALS HOW TO#
She then describes the many mechanisms in which the market's short-term focus leads to the decline of companies' capabilities – and how to use RQ to fix the problem. Investing in an annually re-weighted index of the top 50 RQ companies outperforms the market by 800 percent (not a typo). Knott's Research Quotient (RQ) identifies when companies are investing appropriately in R&D, and when they are investing too little or too much. “‘How Innovation Really Works’ is an extremely provocative book that has lessons for investors, business professionals who manage R&D, and those interested in industrial and technological leadership. “This year's recommendation is a no-brainer,” says Brent Goldfarb, associate professor of management and organization.
(2) How Innovation Really Works: Using the Trillion Dollar R&D Fix to Drive Growth Their research demonstrated how the human mind systematically erred when making judgments in uncertain situations.” Amos Tversky, an Israeli war hero, subsequently meets and collaborates with Kahneman to perform seminal research that contradicts the primary assumption of rationality in classical economics and forms the basis of behavioral economics, which seeks to explain frequently observed irrational behavior by consumers. Years later in Israel, Kahneman, now a psychologist, successfully designs questionnaires to determine which Israelis would become the most effective officers in the military. As a 10-year-old boy in France, Daniel Kahneman and his family narrowly escape the Nazis during World War II. “In ‘The Undoing Project,’ Michael Lewis describes how two disparate personalities collaborate on research in psychology that results in a Nobel Prize in economics.
“The author of ‘Moneyball,’ ‘The Blind Side’ and ‘The Big Short’ has written another masterpiece,” says David Kass, clinical professor of finance. (1) The Undoing Project: A Friendship that Changed Our Minds Smith School of Business is excited to announce some favorite books in the 14th Annual Top-10 Summer Reading List for Business Leaders for 2017, as recommended by faculty members.
0 kommentar(er)
