Wednesday, 7 August 2013

Business Rx: Summer reads for business leaders

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Stash one of these in your beach bag or carry-on—here’s the 2013 list of annual summer reading recommendations from faculty and experts at the University of Maryland’s Robert H. Smith School of Business.

“The Big Short: Inside the Doomsday Machine,” by Michael Lewis (2011).

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“It’s entertaining and informative about the products and participants in the financial crisis. Financial markets and shadow banking have become rather convoluted but Lewis is able to provide an explanation of the industry while maintaining interest, even for those not in finance.”

— Mike Faulkender,
associate professor of finance

“Influence,” by Robert Cialdini (2009).

“The classic reference on how to sell. Based on rigorous academic research, the book helps one understand why people say ‘yes’ and how to apply this information.”

— Brent Goldfarb, associate
professor of management and
entrepreneurship

“Lean In,” by Sheryl Sandberg (2013).

“Every business leader should read Sandberg’s ‘Lean In.’ Women are changing the workplace and this is a must-read for professional women to feel confident and inspired to take their place at the table, but also for men to understand the positive impact. This is not ‘The Feminine Mystique’ — this is a ‘how-to guide’ on improving workplace dynamics and capitalizing on the talented, educated women in the workforce. Women are a rising tide that will absolutely lift all ships.”

— Elana Fine, managing director of the Dingman Center for Entrepreneurship

“The Power of Consistency: Prosperity Mindset Training for Sales and Business Professionals,” by Weldon Long (2013).

“Long teaches his readers how to follow a four-step process to success by, among other things, learning how your life reflects your thoughts and the words you use during self-talk. Long says the thoughts and beliefs we consistently have determine our level of success. This is a good book especially for new graduates and younger executives. You’ll appreciate the author’s incredible story of going from homelessness, alcoholism and prison to success in life and business.”

— Ken White, associate dean of MBA and M.S. Programs

“Quiet: The Power of Introverts in a World That Can’t Stop Talking,” by Susan Cain (2012).

“This book is not only addressed to introverts like me, but explains introverts to the two-thirds of the population that is extroverted. Cain explores the ‘extrovert ideal’ and gives examples of how society undervalues introverts. Introverts prefer listening to speaking. Introverts are also creative and innovative, but generally not good at self-promotion, and prefer working individually to working on a team. Cain explores the scientific research and provides stories about introversion and famous introverts — Dr. Seuss, Einstein, Proust and Chopin. Introverts and extroverts are compatible work partners — the extroverts just need to remember that introverts need ‘think’ time and time alone to recharge. The introverts need to remember that extroverts are recharged by interacting with others.”

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