BIG BETS

The president of the Rockefeller Foundation shows why big problems require big responses.

Often, the world’s problems seem too large and complicated to even describe, let alone overcome. Shah recognizes this sense of being overwhelmed, but he insists that finding a solution is always possible. The author’s experience is appropriate to his subject: He started his career at the Bill & Melinda Gates Foundation, where he played a central role in a massive program of vaccination in developing countries, and he went on to serve as the administrator for the United States Agency for International Development under Barack Obama. As the author notes, there was a debate about the most effective way to improve public health through philanthropic aid, but when the goal of vaccinating 900 million children was eventually set, everyone signed on. The key was to break down the problem into manageable segments, determining the crucial obstacles. Keeping the target firmly in mind reduced the danger of becoming bogged down in complexity. Reliable metrics were also necessary to gauge progress and identify problems with implementation. Shah took the methodology with him when he jumped into the head role of the Rockefeller Foundation. He had to gain the endorsement of heads of state and corporate leaders to provide financial backing, political support, and technical expertise. He guided a number of important projects to fruition, including a program to bring sustainable electricity to rural areas in India. While Shah underlines the critical role of experts in any “big bet” project, he also accepts that input from the community being affected is essential. He concludes each chapter with a distilled list of lessons, highlighting the importance of a clear purpose and firm strategy. His tone occasionally becomes a bit self-righteous, but in the end, he offers a lot of important information about getting from vision to outcome.

Mixing inspiration and practical advice, this is a useful read for leaders at every level.