Books like Grow the Pie — picked by fans

This book is very basic and aimed mostly at small business owners or readers who are interested in the fundamental mechanics of profit. It’s a hard-hitting book and controversial, e.g. with recommendations such as, “Never pay your vendors on time. Wear your control-freak badge with pride.” It shows that many little things influence profit and should be observed. Useful for start-ups and readers with basic economic knowledge. The obsession with profit as the only priority is, however, somewhat exaggerated. 

This book addresses another highly charged topic, the exorbitant profits of tech and internet giants. The focus is on the consequences of the huge profits on competition, economic policy, and society at large. 1% of the world’s largest companies reap 36% of global so-called economic profit, that is the profit that exceeds the cost of capital. The book, which is punctuated with juicy examples, is very didactic as well as rigorous, and will appeal not only to those versed in economics but to the enlightened public in general. It is, however, not a book on how to manage profit, but rather how to address the problems resulting from super-profits. 

This book takes an unusual, very modern approach by combining profit with sustainability and happiness. A current controversial discussion, after all, deals with the compatibility of sustainability and profitability. This compatibility is strongly advocated by the author. She also believes that a sustainably profitable offering makes the company and the customers happy. Overall, an enrichment of the discussion about profit orientation!

This book approaches profit improvement primarily from the cost side. Numerous practical methods and tricks are explained. If these are successfully implemented in real business, significant profit improvements will result in a short time (hence the six months or less!). But these methods are not without risks, because if you treat stakeholders such as suppliers, banks, and employees too harshly, this can lead to negative reactions. The same is true for competitors if you play too hard. Therefore the judgment of one reviewer should be observed: Useful if applied with common sense, but dangerous in the wrong hands.

I’ve read lots of books about the future of business and the future of capitalism, but this book deeply inspired me. Mackey and Sisodia articulate with clarity and conviction what I’ve long believed—that purpose and profit are not mutually exclusive but, in fact, must go hand in hand.

I particularly connected with their emphasis on conscious leadership and the need for a higher purpose to guide business strategy. It reinforced my own thinking and sharpened my understanding of how critical it is for leaders to align values with actions. I saw clear parallels with the approach I have developed, and it affirmed for me that embedding purpose isn’t just desirable—it’s essential.

Stout’s book was an early salvo in the current debate about shareholder primacy that opened the way for many who have followed in her footsteps. In this carefully argued book, she disputes the argument that corporate boards are required by law to put the shareholder first, pointing out flaws in legal interpretations that have supported a damaging consensus view. In debunking the shareholder value myth, she shows that the obsessive focus on financial returns has led to dangerous short-termism in which corporate leaders pursue quarterly earnings to the disadvantage of investments that would not only improve social outcomes but also lead to better long term performance. She also demonstrates that shareholders hold many values, only one of which might be financial returns. In this regard, she was a vanguard of the accelerating focus of institutional investors on “stewardship” of the environmental and social impacts of their investments.  

The framework presented in Corporate Lifecycles deals with the same core issue of Stages and Challenges of Organizational Growth as dealt with in my own book, but from a different perspective. The author is a former academic who has developed his own framework of corporate lifecycles and his methodology of organizations working through them. The book presents a different framework of corporate life cycles and emphasizes the managerial styles that are appropriate to reach stage of the corporate lifecycle. The author has seen and worked with a large number of companies that have employed his methods. He presents his perspective and insights for this role as a participant-observer. 

In the corporate world out there, the managers are actual people: men and women enter the stage under quite unequal conditions. I loved how this book throws light on a game that is far from fair from the outset and the odds are stacked against the women who enter it.

This is a classic that ages well–time changes, waves of equal opportunity policies are introduced, but still, I felt the basic mechanism this book reveals stays very much the same. I was fascinated by this book’s striking depiction of how men and women are dealt dissimilar cards but expected to perform just as well–and to act as if their conditions were fair and only merit mattered.

“The best and brightest” is a myth and not an inspiring one. 

One of the risks that the Compliance Officers oversee is the risk of money laundering; depending on how it is managed, it is possible to minimize reputational risk. This book helped me pinpoint precisely the necessary elements that must be included in a compliance plan to achieve strong corporate responsibility and compliance culture. By having those controls in place, money laundering and even any other white-crime risk are minimized and, incidentally, reputational risk. If you apply this, the company you work for it's going to be protected, and your boss is going to be happy, a win-win for everyone!

I worked at Arthur Andersen, and I was selected to be among the few teams that started to understand, learn, and apply risk assessments or business risk management methodology. In this book, I came across these concepts again, which are vital to identifying where the risk of money laundering and any other crime may occur. In addition, this book also includes useful information to be considered in the compliance program and how fraud and corruption are related to money laundering. It's a book that provides solid knowledge.