The Leaders We Need

The embodiment of real leadership symbolizes many followers. Or is it? The study of leadership reveals secrets unknown to many companies which may change the way we function. The lack of real leaders, firms are now focusing on self-creating them.

Conservative organizations provided the people with controversial context covering the 20th-century concept of leadership. This literature includes management skills which the bureaucrats used in the industrial era. Its controversy relates to the “shallow” vision of the companies back then and their limited knowledge on management. The U.S companies began to use business strategies that leverage capabilities in the early 20th century which generated a brand-new system. Frederick Winslow Taylor, one of the leading experts on the subject, supported the idea of building standardized tools which according to his beliefs would ease up procedures. He acknowledged the theory that employees when guided without questioning nor complaining produce the best results. He advocated for unthinking entities which will create a business value for the company. In the early 20s, syndicates started to form, immigrant workers from all over the world protested for several reasons. They didn’t agree with the leadership stimulated by the industrialists, and they wanted their voice to be heard. The free-minded workforce started to shape, and the owners had little choice but to grant them freedom and other benefits.

This unique framework was subjected to many discussions which ultimately forged a new conclusion. The modern era brought the slow transition from industrialism and bureaucracy to free-minded customer-centric organizations. Elton Mayo, an expert in all matters of leadership, co-led with focus on discovering two crucial facts linked to some guidance within enterprises. The audience interpreted both theories differently. One of them received widespread adherence, while the other one didn’t gain any credit. The facts were:

  • Money is a trade tool, don’t use it as a motivator for workers. Only an energetic and kind boss could boost the company with high-quality management strategies.
  • Managers who welcome playfulness and entertainment while working on improvements or system designs can boost their businesses even more.

The author of “The Leaders We Need” Michael Maccoby and an anthropologist and psychoanalyst by profession explain his analyzes conducted in the field of leadership. His expertise on the subject (more than three decades) gives him credibility to challenge today’s so-called modern management with concise theories. His basic thesis is simple – the digital time requires a leadership model which sidesteps the industrialism era with its bureaucratic features. Leaders should carefully select their followers; the selection is a subtly conducted process. New family structures start to appear, people adapt in all ways possible – physically, mentally, financially, etc. Select the perfect “follower-profile” according to your preferences. In his texts, Maccoby interprets these “high-profile” workers as interactive individuals with a series of demands. The emphasis is placed on “Personality Intelligence,” collaboration among departments and most importantly teamwork. GetNugget contributes and endorses the method of tackling leadership issues with a proper education, long-term vision, attitude and ultimately kindness.

Who is this book for

People tend to get suspicious in your intentions if you do not provide them a guide. Leadership is all about that. The way you deal with your closest ones reflects your strength in the office. As our physical part evolved for thousands of years, the same thing awaits every concept that we’ve discovered. There are many theories based on facts, but the majority of the discoveries gives us space to examine further. Don’t be a closed book, ignite a passion for handling issues and you’ll become the winner at the end of the road. All you need is a proper guidance, which Michael Maccoby voluntarily provides. You can start by redesigning your to-do list, if you have none, then create it. You’ll be amazed of how a simple sheet of paper can prove useful. Companies complain that their motivating techniques don’t produce the expected results. Don’t live on the verge of probability, leave open space for new possibilities but define your goals. Eager leaders have to embrace heart-leadership, to be a symbol for mental clarity, and willingly to solve other people’s problems. The response they give will shape them as not only as a leader but as humans. Leadership is an essential asset to the U.S. culture which by all means is the only solution to the health-care crisis that is currently unfolding. This book is prescribed not only for Americans but for all young and middle-aged persons all over the world eager to exploit the benefits of true leadership.

Author’s expertise and short biography

Michael Maccoby is an American-born writer, psychoanalyst and an expert in leadership methodology. He was born on March 5th, 1933 in Mt. Vernon. He received his college degree from Harvard and a year after he became the president of the Harvard Crimson. Michael wrote “The Gamesman” and co-authored several other books.

Key Lessons from “The Leaders We Need”

1.      From bureaucracy to cooperation
2.      Understand how to deal with followers
3.      Evaluate your abilities

From bureaucracy to cooperation

The era of the bureaucrats has left this world. Even though we witness traditional families and cultures, the emphasis is now placed on collaboration and team effort. Reevaluate the real values and see what your business desperately needs.

Understand how to deal with followers

People favor following rather than having followers. Often some individuals are forced to follow leaders, an utterly wrong policy which generally leads to a financial disaster. Become their friend, let people see your benevolence by promoting a common welfare.

Evaluate your abilities

The organization listens to reason. Measure the organization’s effectiveness on a scale from one to ten. Use the anonymous results to confront “the party boys” within your group. This procedure will put your intelligence and leadership abilities to the test. That is precisely what every decision-maker needs.

If you feel like this is the book for you, feel free to contact us for further information. You can download our mobile app and share your experiences with us. Between you and your book, there is a one-click delay – check it on Amazon;

The Balanced Scorecard

Translating Strategy into Action

How can we describe the Balanced Scorecard?- We can say that it is a discretely selected series of quantitative measures that derive from the company’s organizational management system and strategy.
The Balanced Scorecard as a performance measurement book was firstly published back in 1996. It represents a management classic writing that develops a common platform in the middle of conventional and, short-term faced different management system approaches and a more stabilized attitude towards integrating new measurement types that are intertwined into one absolute strategy. Balanced Scorecard has a task to intrigue and challenges senior managers by looking them directly into the eye and asking them, “To reconsider their organizational measurement perspective and start getting ready for the future”. Many executives take this challenge seriously but struggling to enforce any change or upgrade to their existing performance metrics, however, a small portion of these executives counter company’s traditional management system by enforcing tangible assets and by adding several nonfinancial measurements to the “instrumentation cabin” that clarifies how to improve corporate’s strategic management system. Despite all the positive features that  Balanced Scorecard has to offer, there are several organizational issues that cannot be neglected. Senior Managers are aware of the fact that in order for a Balanced Scorecard performance measures to be applied as planned, company’s CEOs must accept every feedback from all organizational levels. Robert S. Kaplan and David P. Norton are encouraging companies to at least try and become one of the 300 major organizations that tend to reinforce functional silos and that are using this system for more efficient operational activities and future expectations.

We all remember Abraham Lincoln’s words who once said: The future is exciting and the best thing that comes from it is the gradual and slow life improvement, not any sudden changes. With no disrespect to Lincoln’s wisdom, Balance Scorecard reveals that future come much sooner than you think, and the digital age that we live in changes every second.
The Balanced Scorecard perspectives are insisting on examining different strategies and choosing the most appropriate one. The strategy must be covered by a well-defined and clear long-term vision that would represent one common organizational goal.

Who is this book for

When we mention the two letter word-Balance Scorecard it associates us of some business and organizational change. Senior executives and CEOs are the targeted groups of individuals that Robert S. Kaplan and David P. Norton are trying to revive and energize, so they would quickly grasp the benefits that Balance Scorecard has to offer. E-business students fall into the same category. In almost every Faculty of Economics, an integral part of any senior studies program is the E-Management of Balance Scorecard subject. Here, the e-business students especially those eager and thirsty for more knowledge are going to understand the relevant importance of performance measurement changes in every Industry. Businessmen, students, and executives are welcome to test the effectiveness of the Kaplan and Norton’s performance measures systems and implement their own strategies by using Balanced Scorecard’s methods.

Authors’ expertise and short biography

Robert S. Kaplan is a professor born in 1940, New York- United States. He is renowned for his development of leadership at Harvard Business School as a professor, and as an executive of the Balanced Scorecard Group.
David P. Norton (born 1941) is an American-born business theorist, author, senior executive, and a prominent management consultant. He graduated from Harvard University, meanwhile obtaining a Doctorate of Business Administration.
Robert S. Kaplan co-authored The StrategyFocused Organization and Strategy Maps book with his well-renowned fellow executive David P. Norton, which is also the co-founder, and president of the Balanced Scorecard Groupon.

Key Lessons from The Balanced Scorecard

  1. Understanding customer’s point of view
  2. Internal operations and business strategist
  3. Company’s Financial Metrics
  4. Staff’s learning and growth possibilities

Understanding customer’s point of view

The Balanced Scorecard must assess company’s capacity to reach its outlined strategic and management objectives related to customer’s satisfaction and overall shopping experience at the marketplace. For a company to successfully select the much talked about strategic performance measures it must answer three vital questions: What is our target group of customers? How can we identify our value proposition in serving those customers? How can we understand customer’s needs, wants, and demands? Sometimes companies experience “bumpy road” to reach their final destination. Strategic performance measures are an indispensable part of the company’s long-term financial and operational success, The very foundation of these measurements contains “measuring the market share,” “customer retention,” “Reaching new potential customers ” “Pareto’s 80:20 customer satisfaction” and “measuring profitability.”

Internal operations and business strategy

Company’s internal operations are as vital as the external ones. They emphasize how a company designs and develops a new tangible or intangible products and services, and what is the market’s response to them.  Balanced Scorecard helps senior managers to assess business situations more precisely, by enabling them to understand internal business measures as: “the future percentage of sales from these new products and services that the companies are delivering to the end users,” assessing certain internal operations to find out more about your company’s ability to cope with the competitors and their existing products “Having a clear vision about the next product generation”. The executives may implement several other optional measurements just to make sure that their operational activities are aligned with company’s long and short term plans.

Company’s Financial Metrics

Financial measurements are probably the most critical element of the Balanced Scorecard system, they are the foundation of profit/loss relations. A company can put all their efforts on satisfying customer’s demands by constantly trying to provide more value for the same amount of money and by competing with the competitors but none of these factors won’t matter if there is no ROI.

Staff’s learning and growth possibilities

To sum it all up, none of these first three perspectives won’t count if there are no highly skilled and trained employees to provide first class products and services.

If you feel like this is the book for you, feel free to contact us for further information. You can download our mobile app and share your experiences with us. Between you and your book, there is a one click delay – check it on Amazon.

Speak Portuguese? Check out this summary of Business Model Generation, another book that presents a great business tool!

Blue Ocean Strategy

How to Create Uncontested Market Space and Make Competition Irrelevant

If you ever need a clue or a long-term advice that will guide you throughout the whole process of how your company can maintain its current position in the existent market and discover new ones with less competition that are much more profitable and prosperous then, this is the book for you. Blue Ocean Strategy is an “out-of-box”  kind of breakthrough book that gives its readers a new way of understanding the framework organization that has an assignment to identify and implement different blue ocean strategies in various industries.

A true masterpiece written by W. Chan Kim and Renée Mauborgne, the book is empowered to impart new ideas on traditional and older business industries. The main part is not the only intriguing section of the book, even the appendices are more than capable of grabbing reader’s attention with first-class high-quality examples about lots of different product categories that vary from the Model T to movie theater products. The sets of rules and principles that are present in the book are meant to be followed by intrepid strategists, all managers can find that the navigation is relatively easy, considering the author’s key strategic advice.

Depending on different personalities and risk aversion mentality an intrepid executive may or may not undertake a voyage that can lead him to a spacious ‘’blue ocean of possibilities’’ and abandon the competitive and ‘’life-threatening’’ business waters.

Who is this book for

The book is intended for all businessmen from various Industries, those eager to learn new ways, techniques, methods, and strategies that are not only beneficial in the business world but also in other aspects of life.

Blue Ocean Strategy book cannot and isn’t suitable only for the business community. Adults, students, and knowledge seekers would find it also thrilling and inspiring, they may feel an intense urge while reading it that can drive them to call-to-action decisions and mentality. Some experts divide the population, especially the young adults in two categories: Doers and Delayers (thinkers).  The first category represents those people that may find this book as something that they crave for, an inspiring piece of written material that may carry them through life. The written word of the Blue Ocean Strategy book for some people or in our case the second category evokes some inner stimulus, It is somehow awakening the ‘’sleeping beauty’’ from within.
The real question that may occur within our minds is: How can a book be suitable for different kinds of persons with divergent backgrounds?
The answer lies within the question – The book is designed to target and answer the financial and business difficulties that almost every person faces on a day to day basis.

Authors’ expertise and short biography

As a South-Korean-born theorist and businessman W. Chan Kim has established himself as a professor of the University of Michigan Business School in the US. Later on, his professional life reaches a culmination while teaching international management and strategy and by having an executive role as a co-director at the INSEAD Blue Ocean Strategy Institute located in Fontainebleau, France. There are numerous business journals written for Financial Times, The Wall Street Journal and The New York Times which represent only a small portion of Mr. W.Chan Kim’s area of expertise, he is also the founder and inventor of Value Innovation Network.
American-born economist and a business theorist Renée Mauborgne currently works as a professor for strategy and management theories. Mis. Renée Mauborgne just like Mr. W.Chan.Kim has an executive role at the INSEAD Blue Ocean Strategy Institute as a co-director and she is a Distinguished Fellow at INSEAD, where she teaches the different blue ocean strategies and management techniques as we said earlier. As a fellow of the World Economic Forum, she has even declared herself as a writer due to numerously written articles on Blue Ocean Strategies and managing multinational corporations and companies.

Key Lessons from Blue Ocean Strategy

1.      Eliminate all Market Boundaries
2.      Leave the Statistics aside and see the Big Picture
3.      Don’t Limit your Business
4.      New technology doesn’t guarantee success

Eliminate all Market Boundaries

The first thing that every business faces are the wrongly evaluated premises that are shaping your company’s model. To get a wider and broader perspective to the surroundings assumptions, and reports must be made so that you can specify the type of industry and market standards that you should omit, eliminate or even rebuild.  For example: These analytic processes were used by Casella Wines from Australia. In pursuance of prosperity, Casella Wines has increased its brand awareness by breaking all marketing habits that resulted in a huge success of the newly created then Yellow Tail brand that was categorized as one of the fastest growing labels in the U.S history.

“Leave Statistics aside and see the Big Picture”  

You must resist the temptation to start with early negative judgmental comments and predictions, your focus must be fixated at the company’s overall view and long-term opportunities. Many strategists get lost down in statistics and income predictions, so they often miss the really important aspects that they should be concentrated on. Strategy Canvas as a graphical and visual representation of the competition and its attributes is the best way to find the path that you and your company should take on a long run.

Don’t Limit your Business

It is only natural that a company would rely on Pareto’s 80:20 customer mechanisms. However, the real growth lies beyond the current demand, therefore, businesses must find a new way and sacrifice their early profits by placing customer satisfaction at the very center of their priorities(not the money). This would lead to an engagement possibilities with neutral and competitor’s customers.

“New technology doesn’t guarantee  success”

The strategy must be executed sequentially so that the company would achieve its “value innovation”.  The latest technological equipment is helpful in creating safety and high-quality products and services, however, just by having it without any knowledge of using it doesn’t indicate that your company is capable of producing a blue ocean product. An assessment for such product/service is required to test their usefulness, handiness, safety, distribution complexity, service delivery, environmental contribution and “environmental friendliness”.

If you feel like this is the book for you, feel free to contact us for further information. You can download our mobile app and share your experiences with us. Between you and your book, there is a one-click delay – check it on Amazon!

The Brain Audit: A Quick Summary of Sean D’Souza’s book

The Brain Audit: Why Customers Buy (And Why They Don’t) by Sean D’Souza – book summary

In The Brain Audit, Sean D’Souza delves into the mind of the customer to bring us a whole new overview of the sale and why it sometimes falls through. It’s packed with information on how to attract customers and what they’re looking for in your product, shop, website, or ad.

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Will it Fly? A Quick Summary of Pat Flynn’s book

Will It Fly?: How to Test Your Next Business Idea So You Don’t Waste Your Time and Money by Pat Flynn

Will it Fly? by Pat Flynn aims to teach us how to take our ideas and turn them into a successful business. It has all the tips and tricks you need to turn your newly-hatched idea into a soaring rocket headed for the moon.

Pat Flynn has established himself as one of the greatest authors of his era. He is a remarkable person with a large base of followers. Its popularity is not accidental, it the result of hard work and dedication. Our book summary nourishes the idea of making money, previously developed by the author of “Will it Fly?”. Entrepreneurs hate being one step behind, considering today’s difficult establishment – companies are forced to grow alongside with new technologies.

Will it Fly? The title itself is a mystery. The Getnugget team is confident in your ability to sniff out Pat Flynn’s point. Is your business plan ready to fly, or its wings are not strong enough yet?

GetNugget’s book summary job is simple, to help you convert your fear into power. Comprehensive knowledge which covers the company’s ability to flourish in the entrepreneurial world. Are you motivated? Without a wind in the back, even great ideas are destined to fail. You will just spend countless hours without seeing the light. Don’t waste your time, use Flynn’s helpful guidebook and make your business count.

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Fooled by Randomness: A Quick Summary of Nassim Taleb’s book

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb

First time when I’ve heard about Nassim Taleb’s books, I couldn’t help asking:  why is this author so followed, read, and admired?

Looking for the answer helped me discover amazing things about him: his books draw a lot of attention. Plenty of reviews, lots of readers ready to comment and debate on his topics – that kind of stuff can perfectly describe the landscape that Nassim Taleb’s books designed.

Many things have changed since the beginning of the 21st century. Randomness is our everyday thing; the new era brings a lot of excitement derived from the technology itself. Nevertheless, in the past couple of years, lots of books linked to certain segments of the economy, management, and finance, have been published; the readers are still looking for the breathtaking masterpiece.

“Fooled by Randomness” is one of those books, which concisely illustrate the point of success. In this case, that point is called randomness. The important role of randomness explained by Nassim Nicholas Taleb deserves its place in GetNugget “bookshelf” as well. Our book summary will support your business if you understand- How random events affect your company (positively or negatively).

Written in an easy-to-understand transparent style, “Fooled by Randomness” inspires people to take hold of the today’s complexity and make it accessible to everyone. So, how to achieve that? Taleb advises its readers to realize the difference that exists between luck and skill, afterward a person can gradually become a true flexible master.

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Manage change by breaking down the walls of resistance

Switch: How to Change Things When Change Is Hard by Dan & Chip Heath

Dan Heath is a Senior Fellow at Duke University’s CASE center, which supports social entrepreneurs. At CASE he founded the Change Academy, a program designed to boost the impact of social sector leaders. His brother, Chip Heath, is a professor at the Stanford Graduate School of Business, where he teaches business strategy and organizations. Together they’ve written three New York Times bestsellers: DecisiveSwitch, and Made to Stick.

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Start with Why: A Quick Summary of Simon Sinek’s book

Start With Why

Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek

Simon Sinek’s Start With Why explores our relationship with mentors, the people we hold in high esteem and in whose footsteps we constantly try to follow. And because we’re dreaming big we’re tempted to ask, once in a while… why?

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Crossing the Chasm: A Quick Summary of Geoffrey A. Moore’s book

Crossing the Chasm: Marketing and Selling High-Tech Products to Mainstream Customers by Geoffrey A. Moore

How safe is your high-tech business from the chasm?

Not that safe. To help you assess your current situation, Geoffrey A. Moore wrote Crossing the Chasm. First published at the beginning of the 90’s (now in its 3rd edition), it quickly became the Bible of high-tech entrepreneurship environments and business schools.

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How to start a business with less than $100

The $100 Startup

The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future by Chris Guillebeau

$100. What can you do with this amount of money? Probably not that much. Maybe buy half a bike, treat yourself to some new jeans, pay for a month of premium access to a fancy marketing tool…. but starting a business? No way! It may sound like a fairytale, but Chris Guillebeau’s The $100 Startup tells you how to do exactly that.

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