Combing vivid reports of the latest scientific research, compelling case studies, and great storytelling, Team Genius show managers and executives how to look at their teams in a radically new way.
"Great Information, needs a .pdf"
High performance has always required shrewd strategy and superb execution. But Rich Karlgaard - Forbes publisher, entrepreneur, investor, and board director - takes a surprising turn and argues that there is now a third element that's required for competitive advantage - your company's values. Karlgaard examined a variety of enduring companies and found that they have one thing in common; all have leveraged their deepest values alongside strategy and execution, allowing them to fuel growth as well as weather hard times.
The UN says the global population will reach 9 billion by 2050. Six billion of that population will live in urban areas. That’s a jump of 2.5 billion city dwellers over the next 35 years.
Bertie Charles Forbes launched this magazine 99 years ago. He was 37 years old but already a seasoned business journalist. At 14 he left school to become a printer’s devil, setting type for a local newspaper. By 16 he was a reporter in Aberdeen, and by 21 he had moved to Johannesburg, South Africa and eventually landed a job writing for the Rand Daily Mail. At 24 B.C. sailed to New York and established himself as a business and financial scribe for Hearst newspapers.
Marc Benioff, founder and CEO of Salesforce, is a leading figure in SiliconValley. With his pirate’s beard and football tackle’s body, Benioff looks intimidating. You expect him to be the kind of guy who barks out orders and fires laggards on a whim. That’s why Benioff’s onstage interview at the FORBES CIO Summit was a surprise. The Salesforce CEO talked about…Buddhism and yoga.
The rule of 72 is a handy way to peg the years it will take for an investment to double. Take 72 and divide it by the compound interest rate. Earn 8% and you’ll double your money every nine years. Close enough, anyway. In 1944, 72 years ago, the U.S. gross domestic product was $225 billion (in current dollars). Today it’s approximately $18 trillion. That represents an annual compound growth rate of 2.9%.
What did the great anthropologist Alfred Kroeber conclude after all his work? First, that individual geniuses tend to rise from advancing cultures, not declining ones. Second, that cultures advance when ethics and values become understood and are deeply embraced and when competence is tested through competition. Cultures decline when the opposite happens. Successive American Presidents have sought to consolidate power. Not a good sign. The two presidential candidates leading in the polls as of mid-October, have turned their backs on trade policies that freely engage with the world. How’s the country doing on the ethics and values front? Sheesh – do we want to go there? Conclusion: the American political system is in decline.
Pro sports is booming. Franchise values are way up. But every major American pro sports league has a sore spot that threatens its future.
Zillow.com says my house in Silicon Valley–which, as the drone flies, is equidistant from Stanford, Apple AAPL -2.38% and Google GOOGL -1.29%–has doubled in value since March 2009.
What theory explains the following? Stocks are hitting record highs, yet 60% of Americans think the country is in recession. A solid majority likes President Obama's Iran nuclear deal, but only a third believe it will work. Such a position (like but doubt) is both passive and fatalistic–perhaps even suicidal. The phrases "all lives matter" and "everyone can succeed if they work hard enough" are now fighting words to the political left. Apologies are due, or else watch your reputation and career evaporate.
Words matter. Take the phrase “If we can’t ask from society’s winners to make [an] investment. … ” It’s a familiar plea from preachers and fundraisers, a particularly American approach. The U.S., happily, is a country that mints many winners who then traditionally give lots of money to charities, churches, schools and nonprofits.
"Business was originated to produce happiness, not pile up millions.” So wrote Forbes founder B.C. Forbes - Steve’s grandfather - in the magazine’s premiere issue, almost 98 years ago. B.C. was a walking encyclopedia of business wisdom. His adages had a moral quality to them. “The man who has won millions at the cost of his conscience is a failure.” “The bargain that yields mutual satisfaction is the only one that is apt to be repeated.” And not to be forgotten: “Jealousy … is a mental cancer.”
Ian Fleming, who wrote the James Bond novels, was a wealthy but melancholic man, whom a friend called “a death-wish Charlie.” Fleming smoked 70 custom-rolled Morland cigarettes a day and drank martinis–three measures of Gordon’s gin, one measure of vodka (shaken, not stirred)–in glasses the size of a soup bowl.
We've grown so accustomed to living in the world of Moore's Law that we forget we're dealing with one of the most explosive forces in history.
Write your own business movie script.
Socialism works! So wrote management guru Tom Peters, in Forbes ASAP, in the 1990s. You scoff? Okay, you’re half right. Socialism works, but only in very small numbers. It doesn’t scale.
Data can show patterns and opportunities that most businesspeople would miss, but data can also cause them to question their instincts.
Books to give as holiday gifts, with subjects ranging from Silicon Valley to startups to the monetary system to the gridiron.
Know when to be patient; know when to peak.