Business Book Summaries

In The Decision Maker, Dennis Bakke depicts, through the fictional saga of one company, a transition to delegated decision making that results in new responsibilities for virtually all employees. MedTec, employing almost 200 people, is a medical device company recently acquired by Tom, Jim, and a hands-off private-equity investor. With reluctant support from Jim, who agrees to watch the bottom line, Tom sets out to transform the corporate culture of MedTec by empowering people at all levels of the company to make decisions that would traditionally have been passed up to a higher level. There are pitfalls, setbacks, and unexpected successes along the way, in what for Tom is largely a learning-by-doing experience.

In Risky Is the New Safe, Randy Gage suggests that in today’s brave new world, the most dangerous action is inaction. The economic models and systems of the past are no longer relevant. Conventional thinking and playing it safe will lead yesterday’s household names into financial disaster, and the new winners will be the contrarian thinkers and brash visionaries who recognize that the accelerating pace of change provides an endless series of opportunities for greatness.