- Reading level: 18+ years
- Hardcover: 256 pages
- Publisher: Portfolio (30 December 2014)
- Language: English
- ISBN-10: 159184763X
- ISBN-13: 978-1591847632
- Product Dimensions: 15.8 x 2.3 x 23.5 cm
- Average Customer Review: 1 customer review
- Amazon Bestsellers Rank: #2,22,284 in Books (See Top 100 in Books)
The Self-made Billionaire Effect: How Extreme Producers Create Massive Value Hardcover – 30 Dec 2014
Customers who bought this item also bought
Customers who viewed this item also viewed
One of Business Insider’s “15 of the Best Business Books Coming Out in 2015”
“The first billion is the hardest. I know from experience. If you are interested in giving it a shot, The Self-made Billionaire Effect is a good starting point. Great research. Great stories. Great opportunity.”
—T. BOONE PICKENS, Chairman, BP Capital Management
“A fabulous profile of value creation that all organizations need to ponder as they build talent for the future.”
—THOMAS COLLIGAN, former Vice Dean and Director, Aresty Institute of Executive Education, The Wharton School
“Fresh, provocative and insightful, The Self-made Billionaire Effect will challenge your thinking about how entrepreneurs succeed in creating mega-hit businesses. This is a racy read, where storytelling and personalities carry some important lessons to be considered and applied even for those working in stable and slower-growth businesses.”
—DONALD J. GOGEL, Chairman and CEO, Clayton, Dubilier & Rice, Inc.
“This well-researched, fun-to-read book provides top management with a set of insights vital for finding and keeping the talent needed to design and deliver breakthrough value.”
—LINDA A. HILL, Wallace Brett Donham Professor of Business Administration at Harvard Business School and coauthor of Collective Genius
“John Sviokla and Mitch Cohen have mined a rich vein—self–made billionaires—in an attempt to find common patterns. What I particularly admire is their nuanced insights: these men and women are not solitary, risk seeking, creative, overnight successes. They work in teams; they manage risks and rewards; they are as good at execution as they are at ideation; and they have been on roller coasters, not rocket ships. Their wisdom is invaluable for entrepreneurs and managers. I recommend it highly.”
—WILLIAM A. SAHLMAN, Professor of Business Administration, Harvard Business School and coauthor of New Business Ventures and the Entrepreneur
“Massive success does require luck. But it also requires unusual ways of approaching problems. This is one of the most thoughtful books I’ve seen on what the outliers do to make it more likely their attempts will change the world.”
—ASTRO TELLER, Captain of Moonshots, Google[x]
About the Author
JOHN SVIOKLA is head of Global Thought Leadership at PwC (PricewaterhouseCoopers LLP). He serves a variety of Fortune 500 clients on the topics of strategy and innovation and runs The Exchange, the firm’s think tank. John has held various leadership roles at PwC as well as at other public and private companies. He was on the faculty of the Harvard Business School for twelve years. John has written for the Harvard Business Review, The Wall Street Journal, Financial Times, and Sloan Management Review and has appeared on CNBC and Fox News.
MITCH COHEN is vice chairman at PwC. During his thirty-three years at the firm, including more than twenty years as a partner, Cohen has held a variety of leadership roles and has served numerous Fortune 500 clients.
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter mobile phone number.
Top customer reviews
Most helpful customer reviews on Amazon.com
(also I got 2 down votes within hours of posting this. Really spammers?)
Second, this is a long review but if you read it, you may not have to read the book to get the actionable parts out of it
As someone how knows two of the subjects in this book, when I saw it for sale locally, it was an easy impulse purchase. Sadly my excitement faded fast.
The book is basically two sections. The first section talks about the traits of some of the self-made billionaires they interviewed. They call them "Producers" vs typical successful executives whom they classify as "Performers." It's not a bad distinction and they do (once) say that it's not a binary difference. Every (successful) exec will fall somewhere on the "Performer - Producer" spectrum. They also talk about the traits of true producers. They distilled these characteristics from interviewing several billionaires. And all that is mostly fine. You can take exception to the subjective conclusions they drew from these interviews but they probably mostly made reasonable observations.
While the first half the book was interesting -much like reading the bios of billionaires on Forbes- there was not of much value beyond entertainment. There was little actionable information; they 'saved' that for the second half the book.
The second half the book was approaching train wreck it was so bad. Ostensibly they were trying to give managers a framework to identify employees that fell on the 'Producer" side of the spectrum and tips on how to retain them. What they ended up producing was 100 pages of repetitious, buzz phrase filled, nothingness. My main beef with most business books is that authors really aren't business people and as such while they have some knowledge, they rarely know how to make that knowledge actionable. -- In fairness to the authors tried very hard to give the reader actionable advice but their message was lost in an avalanche of disorganized repetition.
-- It didn't have to be this way. --
Ironically Keith Rabois (wikipedia him some time, wow) talks about this exact topic and distills the concepts into brilliant actionable advice. He says employees fall into one of two categories. Cannons and Ammunition. (same idea as Producers/Performers)
His philosophy is simple. Find the cannons and give him/her lots of responsibility and pair him/her with ammunition.
But how do you find the cannons?
1) Give new hires small tasks others have struggled with. If they struggle too you probably don't have a cannon. If they do something creative to solve the problem you might yourself have a cannon.
2) Watch to see which person in the office other people go to for help when they are stuck on a problem. If coworkers keep going to the same person for help (who do not report to) that guy is probably a cannon, promote him and let him run.
That is actionable advice. -- That's what the authors tried to say for 100 pages but never quite pulled off.
I hope this review was helpful. If you found it helpful, I'd appreciate you clicking the bottom below to promote this up above some of the spam reviews.
This book is aimed not at the individual trying to see how they can create a lot of value, but at organizations that want to figure out how they can create the next T. Boone Pickens or Richard Branson within their organization. The book opens with a lot of good information, and is rather enlightening. Then it makes several twists into how you can create, or more accurately try to create, a high value producer within your organization. The last third of the book felt more like sales literature for some un-named class on creating a high producing person within an organization. There are a couple of very important nuggets about high producers in the last two chapters. One of them is so ridiculously important that it should have been introduced at the beginning and explained a lot more in depth. Since they are worth the price of the book I will not name them.
Overall a lot of interesting information. With a lot of pages you have to power through about organizational changes, if that is not why you are reading it.