His view is that there is much more to the alienation of the white working class than racial envy (I’m citing Ed because I have not travelled as widely in the US as he has). If you are the interviewee and would like to update your choice of books (or even just what you say about them) please email us at editor@fivebooks.com. And I think, for the most part, that works pretty well as a way of explaining Netflix and how it has been successful. Personally, I’m braced for 2021 to feature a lot of books on that topic. It’s also quite interesting on the different personalities. Read more. Let’s move on to A World Without Work by Daniel Susskind, who is an economist at Oxford (and has done an interview with Five Books). 8 min read. Her brother, Caspar Henderson, is actually our environment editor. I suppose a question mark raised when we reviewed the book was just how important all this is, whether we’ll look back and think of this as a little blip in cultural history or whether this is an important moment, where Facebook takes out Instagram and perhaps stifles something that might have developed in a different way. It may not be as different as the futurologists think. Billion Dollar Burger: Inside Big Tech's Race for the Future of Food, by Chase PurdyAs meatless meat colonizes even the shores of fast food, Purdy, a writer for Quartz, reports on the potentially planet-changing disruption that may stave off hunger, endanger farm economies, and make some folks very rich. #MeToo in the Corporate World: Power, Privilege, and the Path Forward, by Sylvia Ann HewlettFor decades Hewlett, an economist, has illuminated the practices and power structures obstructing women in the workplace. You’re management editor of the Financial Times: what’s your take? Sizing People Up: A Veteran FBI Agent's User Manual for Behavior Prediction, by Robin Dreeke and Cameron StauthThe same tactics used to detect spies and criminals can be applied to the business world. Harvey Schachter. Read. Tell me more about this book. #SmarterWithGartner Although this is a list for 2020, do not expect to see all the newest books on the market. Best books of 2020: Sport. The Financial Times and McKinsey & Co. have named Sarah Frier’s No Filter as the winner of its 16th annual Business Book of the Year award. Also: Marquee users like Anna Wintour and Kris Jenner discuss how they craft their personal brands. Best books of 2020: Business. Of course, it turned out to be a fabulous purchase, because we were just getting into the idea of images as a way of carrying our stories, and Instagram developed into a hub for influencers. Andrew Hill. The 11 titles in the best books for advisors in 2020 explore value, risk management, financial bubbles, decision-making, strategy, fraud and customer service. Rosamund Urwin has the answer in her selection of reads about the world of money. Do you ever compare current practices to themselves? Each of those books will shape your understanding of the entrepreneurship“>entrepreneurial and business world! But, in the end, it didn’t succeed and it disappeared. The book very clearly and starkly illustrates the problems in the US. If you're enjoying this interview, please support us by donating a small amount. Whom should I trust? This past year was, in short, very complicated. In Humanocracy, London Business School professor Hamel and McKinsey alum Zanini lay out the costs of dehumanizing workers in the interest of control and explain how to achieve the benefits of coordination and consistency while letting employees be themselves. This list of must-read books for #business leaders in the new year — from #blockchain and #leadership to business #growth and #data science — helps executives hone leadership skills and tackle the business and societal challenges of #2020. So I’m expecting there’ll be some books of that sort. It’s a great tale to tell because woven into the Instagram story are all the Kardashians, the Taylor Swifts, the influencers and Hollywood, which is the world Systrom was moving in—as opposed to the Silicon Valley world where Zuckerberg was preeminent. Best Business Books 2020: Marketing by Tony Case One theme emerging from the crisis has been an erosion between what is public and what is private, between what is properly the concern of the social sector and what responsibility is held by business. Ed Luce—our Washington-based commentator, who has himself written books about the state of the US—reviewed the book for us. Frier implicitly suggests that Zuckerberg was jealous of Instagram’s success, even though he’d bought it. I think it’s somewhere between the two. Comments. Daniel Susskind picks this up, still with a rather negative forecast—that work is going to be completely disrupted by automation and that we need to do something pretty dramatic in order to prepare for that. Leadership Is Language: The Hidden Power of What You Say and What You Don't, by L. David MarquetLanguage is, arguably, the biggest leadership subject of all. There is a certain amount of that in this book, but by pairing up with Erin Meyer—who is an academic writing about corporate culture and differences between corporate and indeed national cultures— the book is framed as a sort of dialogue. “I like to think that we’ve stretched the genre”. You need to find ways to make people still feel good about themselves, even if they’re not on the hamster wheel of work—because that hamster wheel is now occupied by robot hamsters, rather than us. AI processes are more scalable than human-powered ones; the technology creates more scope because it easily connects to other digital businesses; and it greatly amplifies learning and improvement. New Business Books You Need to Read in 2020. But this book is less about the content—though there is a bit of that—and more about how Netflix works. In the US, the book is subtitled “in a world on fire.” The fire that she was referring to was literal there, the wildfires in Australia and California. Always Day One: How the Tech Titans Plan to Stay on Top Forever, by Alex KantrowitzThe title, of course, refers to Jeff Bezos's dictum that Amazon employees approach each day like the first day of a startup. What Jill Lepore has done here is unearthed a company that most people had forgotten about. Want to know how to lose a billion? It makes you feel there’s something specific to focus and work on. We publish at least two new interviews per week. It clearly is a book about success. Read. In a world which has vaccines or even just therapies and behavioural ways of returning to normal (or nearer to what used to be normal), we may find that the next normal or the new normal—or whatever horrible cliché one wants to apply to it—is actually closer to the old normal than we thought, because people will yearn to get back to some of the things that made business worth doing or work worth pursuing, faster than we think. As Leadership Is Language demonstrates, Understanding distinctions between good and bad word choice and phrasing can improve the relationship between you and your team. This book was written before the pandemic, but its relevance has become greater since. Scott advocates international policy collaboration similar to that focused on climate change, space exploration, and public health. Read We ask experts to recommend the five best books in their subject and explain their selection in an interview. But will it ultimately hoist that country to world domination? It’s essentially a book about some of the human economic pain that lay behind Trump’s success. 6 I like the way they pin the blame firmly on the US healthcare system. There was another CEO- written book: Winning Now, Winning Later: How Companies Can Succeed in the Short Term While Investing for the Long Term by David Cote, who used to be the CEO of Honeywell. She’s value neutral on it. What's intriguing about The Future Is Faster Than You Think is the speculation from Diamondis (executive chairman of Singularity University) and Kotler (a science journalist) about what happens when all that stuff starts coming together. Five Books participates in the Amazon Associate program and earns money from qualifying purchases. Here are the three you need to crush 2020. The implication for extending lifetimes is especially intriguing. Human good, machine bad. Readers can apply lessons from Marquet, a nuclear-submarine-commander-turned-consultant, simply, immediately and every day. These are essential books for starting a business, or scaling a business, because leadership affects all aspects of your business – no matter what stage you’re in.. Can you tell a true positive or negative from a false one? Not me personally, I’m glad to say, although I do spend a lot of time with colleagues working out how to filter the more than 400 entries that come in. Sophie Roell, editor of Five Books, takes us through her personal choice of the best nonfiction books of 2020. by Rebecca Henderson As the world went into lockdown early in 2020, many of us without frontline jobs and lucky enough not to fall sick with Covid-19 found more time to read than usual. No Rules Rules: Netflix and the Culture of Reinvention For example: try delivering information ("I'll start again at 11 a.m.") instead of instruction ("Be back by 11 a.m.). The book picks up on a number of themes that the FT book award has highlighted in previous years. by Daniel Susskind Whether you're looking for ideas on how to run a successful business or books that look at the various challenges facing capitalist society, the Financial Times & McKinsey Business Book of the Year Award is a great place to start. Are you the one choosing the books for the longlist? What I liked about it was, first of all, that if you’re a serving CEO or executive writing a book about your company, it’s quite a high bar to cross because there’s a very strong tendency towards self-congratulation: you tend to gloss over the errors and big-up the successes. Extensively researched, … Through Instagram, I found a lot of artists who were using it. This year, it’s as wide as the future of work and the future of technology, the state of the world economy and globalization. Netflix is one of the big companies that has obviously done particularly well under pandemic conditions, with people streaming boxsets and watching seasons and seasons of things via Netflix or other streaming services. So there are lots of lessons in here that perhaps Henderson didn’t necessarily intend. I don’t think I’ve seen anything yet that I think is original or wide-ranging enough. He crushed it, eventually driving out Systrom. An entrepreneur reading a business book on a tablet. That was a real shock. It’s nice to have a more practical response. No Filter's publisher promises previously unreported dramatic details of Kevin Systrom's and Mike Krieger's departures from the company they spawned. The fact that it happens to be Facebook and Instagram is maybe not as relevant. ... Best books of 2020: Food and drink. Do these no rules rules work? 2020 has been a crazy year and it’s understandable if reading business books has slipped down your priority list. It’s deliberately not neat solutions, but it has neat lessons about the ways in which we can prepare for future crises, including pandemics. One is a company I haven’t come across, a US flour company called King Arthur Flour, which is building community through baking. I suppose the first thing to say is that because of the timing of the prize—the eligibility is mid-November to mid-November—it was very unlikely that any book would be able to tackle head-on the pandemic and its consequences. The 19 best business audiobooks in 2020. Whether you want to start a business, improve your business, or you want to be a better team member at work, this list of business books … The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives, by Peter H. Diamandis and Steven KotlerA gazillion books ponder the social and economic effects of disruptors like AI, virtual reality, 3-D printing, blockchain, robotics, and digital biology. Written by Alex Kantrowitz, a senior technology reporter for BuzzFeed News, always Day One reveals behind the scenes workings of the most powerful companies in the world. Always Day One: How the Tech Titans Plan to Stay on Top Forever. Looking for a cosy mystery to settle down with in front of the fire this holiday season? Weiss teaches the reader how to become … Without wanting to sound as though I’m complaining, that’s been much more difficult this year because a lot of books that were due to be published in April/May/June were delayed until September or later. Five Books aims to keep its book recommendations and interviews up to date. 1 Let’s go through the books that made the 2020 shortlist individually: as we’re headlining this as the best business books, I thought maybe we’d start with the one that looks most like a traditional business book. 4 All of them, if you like, allude to the fact of automation and the coming changes in the world of work, which is of course the other big theme of this year, as a consequence of the pandemic and the ways in which that has changed our working practices. Promoting Ruskinland was often about images, so an image site was the ideal place to be doing that. Let’s talk about a big picture book next, which is Deaths of Despair and the Future of Capitalism. Essentially the process works in two ways. What I expect will happen in 2021 is that somebody will write the equivalent of Andrew Ross Sorkin’s book, Too Big to Fail, which was a minute-by-minute account of the financial crisis. Here’s my list of the best business books of 2020. It is an attempt to shape and direct policy and insert that into the presidential campaigns. This site has an archive of more than one thousand interviews, or five thousand book recommendations. Best business books of the year 2020. “Once you’ve got the best team in place…then you can start to trust them with this no rules corporate culture”. I find that quite vague and unhelpful. Willink, a onetime Navy Seal commander, takes that approach in Leadership Strategy and Tactics with subjects like dealing with imposter syndrome, doling out punishment, and giving feedback. Today, I'd like to bring you my TOP 10 PICKS out of all the books I read in Last Year. Now, obviously he didn’t crush it completely, because Instagram is still going and we’re all using it. As you say, in being a book about corporate culture, it’s squarely in the traditional business book genre. “They’re looking at something that’s at the very core of Trumpism, the plight of white working-class Americans in the early 21st century”. Is she seriously going to buy or is she stringing me along? Then the figures came out showing that life expectancy was going down. Clearly that’s one of the problems with universal basic income—which is an idea that’s discussed in this book, as it has been in various other books that we’ve looked at for the prize in the past. There are some good lessons in the book. Business Book of the Year Award 2019 — the shortlist. Competition Overdose: How Free Market Mythology Transformed Us from Citizen Kings to Market Servants, by Maurice Stucke and Ariel EzrachiConventional wisdom says competition is good. They may be science books or politics books. And in a couple of juicy insider accounts, scrappy entrepreneurs take down enemies (Square beats Amazon) or are taken down by friends (Instagram's founders exit Facebook, stage left). Maybe it’s not quite fair to talk about waves these days, but we may be subject to a wave of rather bad Covid-19 books before we get to the good one. A bit like If Then and No Rules Rules, it’s another book about corporate cultures. Five Books interviews are expensive to produce. A World Without Work: Technology, Automation, and How We Should Respond The Myth of Chinese Capitalism: The Worker, the Factory, and the Future of the World, by Dexter RobertsChina's manufacturing prowess is either threat or opportunity, depending where you live on the supply chain. Best in Business 16 New Business Books You Need to Read in 2020 From the battle to be king of meatless meat to entrepreneurs' skirmishes with Amazon and Facebook, expect plenty of … Yes, and although it was written pre-pandemic it plays very well into the obsession that we all have now with the future of work and how it’s going to turn out for us. So Hastings will say something and then Erin Meyer will write a part that either takes issue with that or expands on it or fills in some of the intellectual and academic backing for what he has observed. What did that comment in the meeting really mean? Square was so good at not getting killed that it actually took out Amazon's rival service less than a year after its introduction. The robots are going to take our jobs and we’re going to have to shift towards a world in which we learn how to deal with the amount of time that is going to free up for us. What interested me about this book—and the whole Facebook Instagram story—is the tale it tells of how difficult it is to integrate two different cultures. An entrepreneur reading a business book on a tablet. I’m a big believer in the fact that work is useful not only because it’s productive and brings us income, but also because we find meaning in it. No Filter: The Inside Story of Instagram Read As I’ve been reading books that are coming out in the latter part of this year—some of which weren’t entered for the prize or will now be eligible for next year—you’re beginning to see people who’ve either been adapting their ideas or using some of the early consequences of Covid-19 to shape their thoughts about what comes next. With 2020 being the year that it was, many have turned to non-fiction, business-related books as a means of staying productive with the extra time during the pandemic. Getty. The Myth of Chinese Capitalism is a tale of two cities--impoverished Binghuacun, from which hordes of migrants depart; and industrial Guangdong, where hordes of migrants arrive. Million Dollar Consulting is one of the top business books to read if you want to start or grow a consulting practice. It’s called No Rules Rules by Reed Hastings, the founder of Netflix, and he’s teamed up with Erin Meyer, who is a professor at INSEAD business school, to write the book. She points out that this long-forgotten technology company really pioneered using data science in politics, notably in JFK’s successful presidential campaign in 1960. It was a good place for that because the book was about John Ruskin, the art critic. Those traditions have helped keep German factories running during the pandemic. For that reason, we are compiling ten of the best business books published in 2020 for the entrepreneur inside of you. In the best among this year’s strategy books, Humanocracy: Creating Organizations as Amazing as the People Inside Them (Harvard Business Review Press, 2020), Gary Hamel and Michele Zanini articulate a vivid manifesto and provide a prescriptive manual to bust bureaucracy in order to release the power of people in organizations. Though I help organize the judging I’m not one of the judges and, slightly to my surprise, both those books were knocked out at the longlist stage. It's not possible to read them all, but the best business books … Even if government isn't a company, politics is an industry, and a singularly destructive one with its own skewed forms of competition. It’s a great story of the feuds of Silicon Valley, I suppose. We asked Caroline Crampton, creator and host of the Shedunnit podcast, to recommend her favourite classic mystery books set during the Christmas period. The struggles of families there predict rising social tension that endanger the giant's future. Obviously, they’re working within a US system but, from the outside, a lot of the policy prescriptions that even candidates that are supposedly left-of-centre come up with look rather pallid. Other successful startups have used it too, and the author explains how it works. Often I believe the best books are the ones that survived to the test of time. This is Reimagining Capitalism by Rebecca Henderson, who is a professor at Harvard Business School. I remember after the fall of the Soviet Union, when many people were still quite optimistic about Russia. There’s the top-down, ‘What books are out there that are making a buzz?’ Those would tend to be books that have already been published by the closing date for entries, June 30th. Experimentation Works: The Surprising Power of Business Experiments, by Stefan ThomkeThirty years ago Peter Senge encouraged companies to become learning organizations. As a result, we had many more books that hadn’t yet been published and therefore required more intense reading, if you like, because there was no third-party judgment about whether they were books worth considering or not. This article has provided our recommendations of the best business analysis books that are relevant for 2020 and listed books to improve their ways of working including in agile. See all 28 stories. They’re looking at something that’s at the very core of Trumpism, the plight of white working-class Americans in the early 21st century. Tell me about it and why it’s good. Yes, normally you’d find business books in a specific section in the bookshop or online. A couple, in fact. 3 2 Is she trying to be funny? In this section, we’ll dive into the valuable books on leadership first. There is a certain ‘don’t try this at home’ aspect to the book. I suppose I was saying that obviously it hasn’t been replicated. Andrew Hill is Management Editor of the Financial Times and organiser of the Financial Times and McKinsey Business Book of the Year Award. Business Books The 6 Best Business Books of 2020 That's according to the shortlist for the Financial Times and McKinsey's annual prize. They’re presenting this rather shocking data of rising mortality rates among white, non-college-educated Americans. So Mark Zuckerberg was worried that Instagram was going to cannibalize his own creation, Facebook, and pushed it to integrate more closely. The sudden change to a slower gear also left more room to reflect on the state of the world and our place as humans in it. Updated Dec 1, 2020. There’s quite a lot about how they set up in Saigon during the Vietnam War, running an expat bubble within a chaotic, collapsing, war-torn society. This book fits in the category of ‘very important economics books’, which the FT prize has identified and brought out right from the start. That said, certainly in the longlist that we drew up in August—which is the list that goes to the judges, from which they select six books for the shortlist—there were a couple that didn’t make the shortlist which were, essentially, about decision-making under pressure. It’s by Anne Case and Angus Deaton, who are both economists at Princeton. Of course, they may not be business books. Billion Dollar Burger's center is Josh Tetrick, CEO of a Silicon Valley company developing meat from cell cultures. But Reprogramming the American Dream author Scott should have an interesting perspective. I think there will be books that suggest we’re going further than we are. As well as having a dialogue, the book also has a progression: it shows you that you can’t do the most radical bits of the radical culture if you haven’t already done the first steps. Fair enough. I wouldn’t say she’s neutral. Read more. It’s quite an effective way of rallying everyone round the fact that something is going badly wrong. That over-cautiousness, in turn, narrows the pipeline to the C-suite, where we need diversity to end this crap once and for all. The judges have narrowed it down and for the shortlist we’ve ended up with books with quite a strong technology focus—as there has been in recent years in a lot of cases. The Best Business Books of 2020: the Financial Times & McKinsey Business Book of the Year Award, No Rules Rules: Netflix and the Culture of Reinvention, Deaths of Despair and the Future of Capitalism, A World Without Work: Technology, Automation, and How We Should Respond, If Then: How the Simulmatics Corporation Invented the Future, Reimagining Capitalism: How Business Can Save the World, The Best Business Books of 2019: the Financial Times & McKinsey Book of the Year Award, Ruskinland: How John Ruskin Shapes Our World, High School Teachers Recommend Books by Subject, The Rise of the Robots: Technology and the Threat of Mass Unemployment. Always Day One: How the Tech Titans Plan to Stay on Top Forever. There’s something very stark about a rising mortality rate. A lot of people will overshoot. That was early on in the slightly dystopian discussion about what’s coming from automation. He is also the author of Ruskinland: How John Ruskin Shapes Our World. Once you’ve got the best team in place—and they talk very clearly about it being a team, not a family—then you can start to trust them with this no rules corporate culture. It’s very successful in lots of ways. But, clearly, at another end of the scale there is that glossy magazine element, which Frier actually describes very well—the way in which influencers and travel companies and others who wanted to project an image were polishing and honing their style on Instagram in a way that, in the end, was rather hollow. Reimagining Capitalism: How Business Can Save the World Best Business Books 2020: Marketing. So, critically, you have to have the right people on board in the first place. The military uses field manuals to provide simple, step-by-step instructions for coping with myriad unfamiliar situations. In the book, epidemic preparedness is one of the case studies that she picked. 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