5 Great Books on Business Management
Sharing the top 5 best books on business administration.
According to statistics from the Vietnam Academy of Social Sciences, as of 2020, the number of small and medium-sized enterprises (SMEs) accounted for 96.7% of the total number of enterprises in the country. However, more than 70% of SMEs have faced difficulties, failures, and declared bankruptcy.
Most of these businesses, when they fail, blame two factors: the impact of the economy and a lack of capital. However, few can understand that the core reason is weak management, leading to business failure. In this article, 1Office shares 5 great books on business administration that any leader can refer to. These books will surely be very useful for you and your business, so let’s dive in!
Mục lục
Start-up Nation
The book Start-up Nation by authors Dan Senor & Saul Singer is one of the most famous business management books. The work is of great interest to and widely read by business people and politicians. Start-up Nation not only tells the story of Israel’s miraculous development but also about the pioneers who carried with them ideas ahead of their time.
This deserves to be a “must-read” book for anyone who wants to embark on the path of entrepreneurship, or for those interested in developing and promoting the national economy.
You will be interested in: 4 Management Functions You Need to Know When Running a Business
The Wealth and Poverty of Nations
The Wealth and Poverty of Nations was written by author David S. Landes (Translated by Son Pham & Vu Hoang Linh). In this work, the author points out the important factors that affect the speed of economic development of each nation.
The book provides a comprehensive and insightful look into the past, drawing lessons from the success and failure stories of nations. You can find and refer to this famous business administration book; it will certainly not disappoint you.
See more: How to MANAGE A BUSINESS STEADILY IN TIMES OF VOLATILITY?
Blue Ocean Strategy
The work Blue Ocean Strategy by authors W. Chan Kim & Renee Mauborgne was first published in 2004 and has been translated into 46 languages. This is a book that every business manager should read. Blue Ocean Strategy introduces a completely new competitive strategy: developing and expanding a new market—a blue ocean—to help businesses minimize competition. By applying this strategy, businesses can make leaps in enhancing the value of their services and products while optimizing costs, helping the business grow strongly.
Blue Ocean Shift
Following the success of the book “Blue Ocean Strategy,” the two authors, W. Chan Kim & Renee Mauborgne, continued their research and published the book “Blue Ocean Shift.” In the first work, the authors suggested a model for applying business strategies using a creative approach instead of fighting for market share. The book “Blue Ocean Shift” is a roadmap showing how to move from the crowded, chaotic, and fiercely competitive red ocean to the blue ocean of uncontested and highly potential market space.
This business administration book contains countless practical and compelling examples. These examples show how leaders in various fields have organized and shifted their business models. This is a fundamental business administration document that every leader and business manager should read.
The Future of Management
The book is written by author Gary Hamel. In his work, Gary Hamel demonstrates that management innovation is needed now more than ever. Most traditional business management models have focused on control and efficiency calculation. This approach is no longer suitable for the creative work environment of the digital transformation era. More importantly, Gary Hamel also details the ways your company can gradually transition to a new management style.
Above are 5 great books on business management that 1Office would like to share with our readers. These books are considered truly worthwhile reading materials on business management, not only for leaders but also for young people starting their own businesses.
Managing a business is not simple and requires managers to have in-depth knowledge and extensive experience. In the context of increasing automation, the application of business management software solutions is being promoted by many organizations. The all-in-one business management software 1Office is developed with diverse features to meet all business needs.
Currently, 1Office has been implemented in over 5,000 Vietnamese businesses. This is a comprehensive solution that helps businesses save both costs and human resources. At the same time, it optimizes work, shortens time, and facilitates easy reconciliation and management.
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