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The Real Leadership Lessons of Steve Jobs

  
Analysis, Education, Life
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Walter Isaacson follows up his biography of Steve Jobs with an “insanely great” piece in the April HBR.   He drills down on the factors that helped to catapult the legendary entrepreneur into an elite league of American business leaders, including Thomas Edison, Henry Ford, and Walt Disney.

The 14 factors listed below continue at Apple as part Jobs’ legacy, which is helping drive the stock on an epic run,  now up 67 percent since November 25th and adding $240 billion to the company’s market capitalization.  That’s a lot wealth creation — equivalent to 1.6 percent of U.S. GDP.  No wonder the animal spirits are running again.

1)    Focus;
2)   Simplify;
3)   Take Responsibility End to End;
4)   When Behind, Leapfrog;
5)   Put Products Before Profits;
6)   Don’t Be a Slave To Focus Groups;
7)   Bend Reality;
8)   Impute;
9)   Push for Perfection;
10) Tolerate Only “A” Players;
11)  Engage Face-to-Face;
12)  Know Both the Big Picture and the Details;
13)  Combine the Humanities with the Sciences;
14)  Stay Hungry, Stay Foolish.

Below are the first few paragraphs of the article with a link to the full article.   This is a must read, folks! (more…)

The Wall Street Book Everyone Should Read

  
  Education
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In 1997, though, such arguments were pretty close to unheard of. Which is what makes Doug Henwood’s book Wall Street, published that year, such an amazing document. Along with explaining in clear if caustic terms how financial markets work, the book prefigures almost every criticism of the financial system that’s been levied since the crisis of 2008. An overleveraged housing market?Check. A link between financial sector growth and income inequality? Check. A natural tendency toward instability in financial markets? Check.

I don’t want to paint Henwood, who edits a newsletter called the Left Business Observer, hosts aweekly radio show, and knows more about economic indicators than anyone has a right to, as some kind of Nostradamus. In Wall Street he doesn’t so much make predictions as expose, in his crotchety, almost absurdly erudite way, the inconsistencies and contradictions in conventional views of how the financial world is supposed to work. (more…)

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