In another installment from the annual review of business books we produced last year, we have an article from friend and former president of the company, Todd Sattersten. In it, he discusses the meta-themes in business thought that he and Jack uncovered as they spent 18 months compiling, reading, choosing and writing The 100 Best Business Books of All Time. ◊◊◊◊◊◊◊◊◊◊◊◊◊◊◊◊◊◊ The Five Universal Themes in Business BY TODD SATTERSTEN What happens when you spend 18 months reading the best in business literature?
The Five Universal Themes in Business BY TODD SATTERSTEN What happens when you spend 18 months reading the best in business literature? In our case, two things happened—one expected, the other quite unexpected. The expected was the creation of a list of the 100 best business books of all time, which led to a book by the same name. The unexpected came as we uncovered a number of meta-themes the books share that exist beyond any predictable grouping by subject matter. For example, Michael Useem's The Leadership Moment has surprising connections with as Taiichi Ohno's Toyota Production System and Gary Klein's The Power of Intuition. Ultimately, we found five persistent meta-themes across our selection of the 100 best business books. Each meta-theme appears horizontally across traditional publishing categories, bridging such divisions as sales, management, narrative, and finance. Each meta-theme also scales in a vertical sense, applying to individuals, teams and organizations equally. So profound are these meta-themes, we argue, that these five universal insights act as the foundation for a leader dealing with any aspect of business, whether starting a new job or developing the next year's corporate strategy. 1. Clarity of Purpose Purpose provides direction and brings clarity to all work. For the individual in pursuit of purpose, author Po Bronson asks the ultimate question in his book, What Should I Do with My Life? Organizations struggle with the same kind of question when they craft their mission statements and massage their marketing slogans. 2. Wisdom in Decision Making The process of making decisions is often overly deliberate or completely unconscious. In both cases, we base our decisions on past experience and judge the success of those decisions only on the success rate of the outcomes. In Influence, Robert Cialdini alerts us to how we use unconscious routine to make even the smallest decision, while in The Power of Intuition, Gary Klein provides a map to some of that scripting and shows how we can improve our gut instinct. 3. Bias for Action Tom Peters and Bob Waterman pointed out in In Search of Excellence that a quality of excellent companies was "the bias for action." This assertion that action trumps all appears in many great books, so what keeps us from taking action? Author David Allen (Getting Things Done) would say a person's focus is misplaced on time and priority, rather than action. Authors Jeffery Pfeffer and Bob Sutton (The Knowing-Doing Gap) would say organizations suffer from a gap between knowing and doing. 4. Openness to Change Understanding change is essential because change affects individuals and organizations constantly. Sales is about change. Marketing is about change. Corporate strategy about is about change. Lou Gerstner says it was changing IBM's entitlement culture that was his biggest challenge. In The First 90 Days, new job guru Michael Watkins describes the waves of change that new managers must instigate. In Crossing the Chasm, Geoffery Moore shows how products are adopted and what different constituents need to accept change. 5. Giving and Getting Feedback Imagine throwing a baseball in a dark room. You would miss seeing the trajectory the ball took or where it landed. Our success depends on feed-back. Did we make the right choice? Did the action have the intended effect? Are things changing? Daniel Goleman (Emotional Intelligence) says self-reflection is a form of feedback and an essential piece of emotional intelligence. Engineering professor Henry Petroski, author of To Engineer is Human, says failure is a critical part of learning. And in Secrets of Closing the Sale, Zig Ziglar says listening is the most important part of selling. These themes are likely to persist as business and business literature evolves further, because companies continually fail to absorb the simple lessons: Find a clear purpose. Be aware that past experience and a mass of information can interfere with wise decisions. Maintain a bias toward action. Be open to change. Seek feedback. These behaviors link together: Clarity of purpose provides wisdom in decision making, which informs action, which in turn, creates change, while feedback informs them all.
PREVIOUS POSTS FROM IN THE BOOKS
- I: Financial Markets: Their Promise and Failure (and Promise) BY DYLAN SCHLEICHER
- II: When Ecology and Economy Meet BY KATE MYTTY
- III: Why We Love Business Books More Than Ever BY ERIKA ANDERSEN
- IV: Odd Intersections: Fiction Captures the Complexities of Business BY REBECCA SCHLEI HARTMAN
- V: Explorations Into the Human Psyche BY ROBBIE HARTMAN
- VI: For Women Only? A Look at Trends in Business Books Written by Women BY SALLY HALDORSON
- VII: Real-World Lessons in Leadership BY ROBERT MORRIS
- VIII: We the Internet BY DYLAN SCHLEICHER
- IX: The Shifting Landscape of Moving Ideas: The Art of Publishing in a Socially Empowered World BY JON MUELLER
- X: The Information Age
- XI: Finding Opportunities: Re-examining Personal and Organizational Strength in Challenging Times BY JON MUELLER