Optimistic and full of good intentions: a book for green-money investors and consumers bent on putting their money to work...
A new specter of capitalism looms, portending an era of social responsibility instead of Gilded Age greed.
A generation or two ago, despite the place of Small Is Beautiful high atop the bestseller lists, the thought that companies might measure themselves along social dimensions such as sustainability and environmental impact would brand the thinker as a hopeless softie. Now, writes business consultant Piasecki (Doing More with Less: The New Way to Wealth, 2012, etc.), the final stage of a successful corporation’s development is a focus on ESG: environmental, social, and governance practices. “When we say social response capitalism,” writes the author, “we mean a twenty-first century form of capitalism in which firms compete not only on price and quality, but also on social and governance issues.” Sickened by examples of corporate greed and irresponsibility, consumers are looking closely at the practices of the companies they buy from, avoiding corporations whose politics or footprint offend—and not just consumers, Piasecki argues, but also investors looking to put their money into companies that are out to do good or at least minimize harm. “You ignore ESG metrics at your risk,” he warns business readers. “Follow them if you want to significantly increase your long-term investing success.” The thought of a friendlier corporation is a welcome one, but one wishes that the author had included more real-world examples and ones that did not invite counterargument. Toyota may be trying to be socially responsive, but it still pollutes, while Uber and Airbnb illustrate the free-rider problem in economics, evading regulation and taxation while making use of social goods that regular taxicabs and hotels must pay for. The book comes to life, though, when Piasecki writes about the energy sector, in which he foresees great forward movement toward a renewable future even as big investment money is moving away from the fossil-fuel economy.
Optimistic and full of good intentions: a book for green-money investors and consumers bent on putting their money to work in positive ways.Pub Date: Feb. 1, 2016
ISBN: 978-0-757-00413-1
Page Count: 224
Publisher: Square One Publishers
Review Posted Online: Nov. 23, 2015
Kirkus Reviews Issue: Dec. 15, 2015
BOOK REVIEW
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...
A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.
The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.
Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.Pub Date: Nov. 1, 2011
ISBN: 978-0-374-27563-1
Page Count: 512
Publisher: Farrar, Straus and Giroux
Review Posted Online: Sept. 3, 2011
Kirkus Reviews Issue: Sept. 15, 2011
BOOK REVIEW
IN THE NEWS
These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.
A helpful guide to working effectively with people from other cultures.
“The sad truth is that the vast majority of managers who conduct business internationally have little understanding about how culture is impacting their work,” writes Meyer, a professor at INSEAD, an international business school. Yet they face a wider array of work styles than ever before in dealing with clients, suppliers and colleagues from around the world. When is it best to speak or stay quiet? What is the role of the leader in the room? When working with foreign business people, failing to take cultural differences into account can lead to frustration, misunderstanding or worse. Based on research and her experiences teaching cross-cultural behaviors to executive students, the author examines a handful of key areas. Among others, they include communicating (Anglo-Saxons are explicit; Asians communicate implicitly, requiring listeners to read between the lines), developing a sense of trust (Brazilians do it over long lunches), and decision-making (Germans rely on consensus, Americans on one decider). In each area, the author provides a “culture map scale” that positions behaviors in more than 20 countries along a continuum, allowing readers to anticipate the preferences of individuals from a particular country: Do they like direct or indirect negative feedback? Are they rigid or flexible regarding deadlines? Do they favor verbal or written commitments? And so on. Meyer discusses managers who have faced perplexing situations, such as knowledgeable team members who fail to speak up in meetings or Indians who offer a puzzling half-shake, half-nod of the head. Cultural differences—not personality quirks—are the motivating factors behind many behavioral styles. Depending on our cultures, we understand the world in a particular way, find certain arguments persuasive or lacking merit, and consider some ways of making decisions or measuring time natural and others quite strange.
These are not hard and fast rules, but Meyer delivers important reading for those engaged in international business.Pub Date: May 27, 2014
ISBN: 978-1-61039-250-1
Page Count: 288
Publisher: PublicAffairs
Review Posted Online: April 15, 2014
Kirkus Reviews Issue: May 1, 2014
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