Category: Business (Page 2 of 2)

ELON MUSK by Ashlee Vance

April 13, 2016 / Michael Nail / 0 Comments

There are few industrialists in history who could match Elon Musk’s relentless drive and ingenious vision. A modern alloy of Thomas Edison, Henry Ford, Howard Hughes, and Steve Jobs, Musk is the man behind PayPal, Tesla Motors, SpaceX, and SolarCity, each of which has sent shock waves throughout American business and industry. More than any other executive today, Musk has dedicated his energies and his own vast fortune to inventing a future that is as rich and far-reaching as a science fiction fantasy.

In this lively, investigative account, veteran technology journalist Ashlee Vance offers an unprecedented look into the remarkable life and times of Silicon Valley’s most audacious businessman. Written with exclusive access to Musk, his family, and his friends, the book traces his journey from his difficult upbringing in South Africa to his ascent to the pinnacle of the global business world. Vance spent more than fifty hours in conversation with Musk and interviewed close to three hundred people to tell the tumultuous stories of Musk’s world-changing companies and to paint a portrait of a complex man who has renewed American industry and sparked new levels of innovation–all while making plenty of enemies along the way.

Until I read Ashlee Vance’s biography Elon Musk, my impression of Musk was that he was one of these hyper-efficient Silicon Valley boy geniuses who figured that being somewhat irreverent in the media would be advantageous to him. I’m cynical. What can I say?

Now, having read the book, I feel that the irreverence we see from Musk (in interviews and elsewhere) is less manipulation than it is restraint. Vance has painted Musk as a passionate, brilliant man who would rather end up poor than not have a hand in advancing the industries where he thinks he can make a unique difference. He’s not just crazy by the standards of us mortals, who consider it a good month if we pay all of our bills and have enough left over to buy a gadget or something. After cashing out of his first company, PayPal, in a world where buying a single Cold War-era Russian rocket cost his entire net worth, he decided to design his own instead. You, me, and every other sane person would have said, “I suppose I won’t be starting an orbital shipping company today. Time to go find something to do that’s actually possible.” Elon Musk started SpaceX, and today he’s manufacturing reusable rockets.

This bio isn’t just a rundown of Musk’s accomplishments and the obstacles he conquered on the way. Vance’s account fleshes out the characters in Musk’s story with interviews and investigative fact-finding. Broad foreshadowing and perspective throughout kept me engaged. Impressive stylistic choices peppered throughout the prose brought the locales where Musk’s adventures play out to life. A particular description stood out to me – Musk’s team had recently moved their rocket testing operation to an island called Kwaj that the United States military had used to test Star Wars technology in the 70’s and 80’s:

“The military presence resulted in a weird array of buildings including hulking, windowless trapezoidal concrete structures clearly conceived by someone who deals with death for a living.”

This description punctuates the contrast between the status quo of the arena Musk was entering, and the vision he had for its future. It doesn’t just say what the place looked like, but makes me feel like I understand how it must have felt to be there. Vance is equally adept at selecting vignettes that effectively drive home her point. She included Boeing engineer-turned-SpaceX employee Jeremy Hollman’s anecdote about the ennui-inducing directionlessness on offer from SpaceX’s competitors:

“…Boeing completed its merger with McDonnell Douglass. The resultant mammoth government contractor held a picnic to boost morale but ended up failing at even this simple exercise. ‘The head of one of the departments gave a speech about it being one company with one vision and then added that the company was very cost constrained,’ Hollman said. ‘He asked that everyone limit themselves to one piece of chicken.'”

These anecdotes tend to serve their purposes well, and they never feel like they’re there for their own sake. They’re usually fun, engaging, and genuinely add insight to the narrative. After reading so many biographies that feel like a notebook of research shuffled at random with a publisher’s seal on it, I can genuinely appreciate that she has positively nailed this aspect of her work.

Want your own copy? You can pick it up [easyazon_link identifier=”0062301233″ locale=”US” nw=”y” tag=”gimmethatbook-20″] here[/easyazon_link].

What Millennials Want From Work by Deal & Levenson

March 22, 2016 / Kyle Wendy Skultety / 0 Comments

“The most comprehensive, in-depth look at Millennials to date-essential for managers, HR professionals, and global business leaders seeking to align long-term organizational goals with the realities of the new workforce.”
Millennials have been burdened with a reputation as spoiled, lazy, and entitled, but the reality behind the stereotype is far richer and more complex. Who are Millennials and what do they really want?
Based on fieldwork and survey data from global research on more than 25,000 Millennials and 29,000 older workers in 22 countries, this book paints a comprehensive, scientifically accurate picture of what really motivates Millennials around the world. Learn how to get the most from Millennials by:
Improving workplace flexibility-because Millennials don’t separate life and work.

Providing adequate support and feedback-because Millennials like to learn and grow.

Coaching, not micromanaging-because Millennials value autonomy.

Designing competitive salary structures-because Millennials know what’s up.

Providing opportunities to contribute to society-because Millennials care about doing good.
Millennials want a satisfying job that pays well, coworkers they like and trust, advancement opportunities, and the occasional pat on the back. Who doesn’t want those things?
This essential book explains who Millennials really are, and offers practical advice to help those who manage, lead, and work with Millennials to improve teamwork, increase productivity, strengthen organizational culture, and build a robust talent pipeline.

Thanks to NetGalley for offering this book for review!

The older generation views pesky Millennials as needy, entitled and lazy. This book strives to dispel the negative views and demonstrate to the world that those born in the early ’80’s are valuable, hardworking individuals.

The words are not just hearsay; the authors did extensive research and gathered data from thousands of real people. This book is full of graphs showing how the stats vary, not just by age, but by country, marital status, and occupation. “Urban myths” about Millennials bringing their parents to job interviews are dispelled, with quotes and the truth according to those surveyed. Each chapter has a separate myth that is examined, explained and reiterated with points to remember. This format is easy to read and the examples contained illustrate the ideas in a thoughtful manner.

As a Boomer, I was quite eager to read this, so I could understand the Millennials that I manage. At times they seem like they are from another planet and it’s hard to figure out where they are coming from. As I read this book I found myself nodding and agreeing with the author’s assessments. For example:

“Needy does not mean dependent; while Millennials want support, feedback, mentoring and appreciation, that doesn’t make them dependent. They actually are being quite strategic. They think about what they need to be successful, and that’s what they ask for.”

The book also notes that Boomers grew up in a world where their parents had stable jobs, secure pensions and organizational tenure. Millennials grew up in a world where THEIR parents dealt with layoffs, wage stagnation and insecure retirement plans. They saw the consequences of not having a more independent attitude towards work and thus seek to have more control over their actions.

What is a manager to do? The authors suggest that they can aid their younger employees by:

providing more latitude for them to choose how and where work is done
give them more information about why individuals are selected to do certain tasks
help them understand how their current work fits into their career work more broadly

To me, this is solid advice. Once you understand where someone is coming from and what motivates them, you can construct a way of communication that benefits both parties.

Generational gaps are inevitable; but this book strives to minimize the conflict by being honest about Millennials; their background, their hopes and dreams, and their environment (fully technological). Moreover, it accomplishes this task by explanation, not maligning. I could easily say that I knew more about this generation after I finished the book, and there were many solid takeaways that I would be able to use at my own job.

Almost every conflict in the workforce is described, explained, and interpreted. Even if an issue hasn’t come up yet, a manager will be able to be able to understand it as it’s happening and handle it with aplomb. It seemed as though every chapter had excellent advice for anyone seeking to close the generation gap.

WHAT MILLENNIALS WANT FROM WORK is a well written, necessary book and should be required reading for any management team today. Want your own copy? You can pick it up [easyazon_link identifier=”0071842675″ locale=”US” nw=”y” tag=”gimmethatbook-20″]here[/easyazon_link].