Smith School's Top 10
Summer Reading List for 2010
The University of Maryland's Robert H. Smith School of Business is excited to
announce some favorite books in the "Seventh Annual Top 10 Summer Reading List
for Business Leaders" for 2010, as recommended by faculty members and
administrators.
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“Drive: The Surprising Truth About What Motivates Us”
by Daniel H. Pink
(2009)
“The book uses 50 years of behavioral science to overturn the conventional
wisdom about human motivation and offer a more effective path to high
performance,”says Smith School Dean G. “Anand” Anandalingam.“Most of us
believe that the best way to motivate ourselves and others is with external
rewards like money—the carrot-and-stick approach. That’s a mistake, Pink
says in, Drive: The Surprising Truth About What Motivates Us, his
provocative and persuasive new book. The secret to high performance and
satisfaction—at work, at school, and at home—is the deeply human need to
direct our own lives, to learn and create new things, and to do better by
ourselves and our world. Drawing on four decades of scientific research on
human motivation, Pink exposes the mismatch between what science knows and
what business does—and how that affects every aspect of life. He
demonstrates that while carrots and sticks worked successfully in the
twentieth century, that’s precisely the wrong way to motivate people for
today’s challenges. Drive is bursting with big ideas—the rare book that will
change how you think and transform how you live.”
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“This Time is Different: Eight Centuries of Financial Folly”
by Carmen
M. Reinhart & Kenneth S. Rogoff (2009)
“The
authors have amassed an incredible data set on banking crises going back to
the 1800s. They use this data to provide what is arguably the most
insightful and well-documented analysis of the recent subprime mortgage
crisis and ensuing Great Recession,” says Curt Grimm,
Dean’s Professor of Supply Chain and Strategy. “A chapter on the
‘Aftermath of Financial Crises’ argues convincingly that recessions
following financial crises are deeper and longer-lasting than average,
providing guidance as to expectations this time around. Reinhart is
professor of economics at the University of Maryland and gave an excellent
talk at the Smith School last semester.”
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“Building Social Business: The New Kind of Capitalism That Serves Humanity's
Most Pressing Needs”
by Muhammad Yunus (2010)

“This book goes
beyond issues of microfinance to describe and discuss the nature of ‘social
enterprises,’” says Brian L. Nelson, Tyser Teaching Fellow of Logistics,
Business and Public Policy. “Dr. Yunus has his PhD in economics from
Vanderbilt University and is the 2006 Winner of the Nobel Peace Prize. He
founded the Grameen Bank, a pioneer in ‘microfinancing’ to the poor.”
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“Crisis Economics: A Crash Course in the Future of Finance”
by Nouriel
Roubini and Stephen Mihm (2010)
“In 2006 Professor Roubini issued a clear warning of an impending global
financial crash and what its implications for the U.S. and other countries
and markets would be,” says John A. Haslem, professor of finance emeritus.
“In 2008 when others saw a liquidity crisis he saw the truth of the matter –
a credit crisis. The book reads very easily and draws one in to this
remarkable story that traces and explains step by step the elements of the
crisis. The book concludes with events that could threaten the global
economy within the next few years: ‘We will plant the seeds of an even more
destructive crisis if we squander the opportunity this crisis has presented
us to implement necessary reform. That opportunity would be a terrible –
indeed, a tragic – thing to waste.’”
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“Profession and Purpose: A Resource Guide for MBA Careers in
Sustainability”
by Katie Kross (2009)
“Today, many of us are looking for a career that maps to our value system
and desire to contribute in making the change we want to see in the world,”
says Melissa Carrier, executive director of the Center
for Social Value Creation at the Smith School. “The challenge for many is that these career
choices seem out of reach – in part because we don’t know what to call them
and in part because we don’t understand how to identify these opportunities.
'Profession and Purpose' is an excellent guide to those job seekers looking to
understand the broad umbrella of a career in ‘sustainability’ which may
encompass social entrepreneurship, clean technology, microfinance, or
sustainable product marketing, just to name a few. Katie Kross does an
excellent job of providing the reader with the terminology, job search tips,
career resources, and company information to help you in the career path
process.”
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“Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in
Financial Reports” (2010)
by Howard Schilit and Jermy Perler (2010)
“In this just published edition of Financial Shenanigans, Dr. Schilit adds a
co-author and provides new insights to teach investors (as well as managers,
boards of directors, auditors, bankers, etc.) on how to detect misleading or
fraudulent financial reports,” says Martin Loeb, chair and professor of
accounting and information assurance and Deloitte & Touche LLP Faculty
Fellow.
“In addition to providing fascinating ‘financial autopsies’ of
Enron, WorldCom and other recent accounting frauds, this edition shatters
the myth that cash flow statements cannot be manipulated. One need not be an
accounting expert to enjoy the stories presented or to learn to uncover foul
financial play. For example, the authors show that anyone looking at the
unprecedented reported revenue growth at Enron, would have realized that
something was not right.”
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“Rules of Thumb: 52 Truths for Winning at Business without Losing Your
Self”
by Alan Webber (2009)
“This
is a fun; quick summer read that will provide you with gem after gem of
stories to inspire you,” says Melissa Carrier,
executive director of the Center for Social Value Creation at the Smith
School.
“Alan was cofounder of Fast Company and that’s just how this book moves –
fast. Alan’s illustrative style of writing allows you to quickly grasps the
rules, apply context, and be on your way towards more professional and
personal success. You will enjoy the ‘ah-ha’ moments of the book as much as
his wit.”
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“Half the Sky: Turning Oppression into Opportunity for Women Worldwide”
by Nicholas Kristof & Sheryl WuDunn (2009)
“This is an eye-opening book, with serious implications for both economic
development in the developing world and the opportunities for social
enterprise,” says Rachelle Sampson, associate
professor of logistic business & public policy.“A direct implication of this book is that, as a society,
we will never reach our potential until the human rights and the talent of
half the world’s population is realized. Note that this book will challenge
its readers and is not for the faint of heart; it is a clear-eyed view of
lives of groups of women around the world, and the view isn’t pretty. The
stories, though, are inspiring and give cause for hope and possibility. I
challenge anyone to come away unmoved by this book and motivated to be a
force for change.”
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“Too Big to Fail: The Inside Story of How Wall Street and Washington
Fought to Save the Financial System – and Themselves”
by Andrew Ross Sorkin
(2009)
“This book gives a very detailed play-by-play of the financial crisis from
both the Wall Street and inside Washington perspective,” says Asher Epstein,
managing director of the Dingman Center for Entrepreneurship at the Smith
School.“It shows how the Treasury team worked around the clock to deal with
countless unexpected issues. It is a great example of crisis management and
also gives a lot of insight into the inner workings of Wall Street.”
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“Wellbeing: The Five Essential Elements”
by Tom Rath and James Harter
(2010)
“In this day of ‘hectic schedules and craziness’ for many people, it is
increasingly important for people to take a more holistic perspective on how
they are faring,” says Joyce E.A. Russell, director of executive coaching
and leadership development programs and Ralph J. Tyser Distinguished
Teaching Fellow.“This book uses extensive research and examples based on
Gallup’s work in over 150 countries to provide the reader with a view of
what contributes to an individual’s well being. The five elements include:
career wellbeing, social wellbeing, financial wellbeing, physical wellbeing,
and community wellbeing. Not only do the authors discuss these important
areas, but they introduce the reader to Gallup’s new Wellbeing Finder which
is an online assessment they can use to track and improve their wellbeing. A
must read in today’s times!”
Bonus Picks
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“Mission Impact: Breakthrough Strategies for Nonprofits”
by Rob Sheehan (2010)
reveals how the process of strategy development should be designed with authoritative
coverage of mission impact, vision, five year strategic stretch goals, strategy
implementation, and management. Sheehan is the academic director of executive MBA
programs at the Smith School.
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“Justice,” by Michael J. Sandel (2009)
"This book contains many cases based on
economic/business dealings and many discussions from past economists, who, in fact,
envisioned their writings as focusing on ‘the common good’ (not just ‘economics’)
and as encompassing topics we often classify as ‘political’ and ‘moral’ issues,
as well as ‘economic’ issues, says Brian L. Nelson, Tyser Teaching Fellow of Logistics,
Business and Public Policy.
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“The Big Short: Inside the Doomsday Machine” by Michael Lewis (2010)
"This book talks in detail about the housing meltdown and those savvy individuals
that saw it coming and bet their money on a meltdown occurring despite what everyone
else thought," says Asher Epstein, managing director of the Dingman Center for Entrepreneurship
at the Smith School. "The book demonstrates the value of doing your homework and
staying with your convictions despite what the mainstream might think."
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“Inside Steve's Brain” by Leander Kahney (2009)
"This book lays out the management case of how Steve Jobs saved Apple from bankruptcy
and built an innovation engine that has transformed consumer electronics," says
Sandor Boyson, Research Professor and Co-Director, Supply Chain Management Center.