PDF Ebook Adapt: Why Success Always Starts with Failure, by Tim Harford
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Adapt: Why Success Always Starts with Failure, by Tim Harford
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In this groundbreaking book, Tim Harford, the Undercover Economist, shows us a new and inspiring approach to solving the most pressing problems in our lives. When faced with complex situations, we have all become accustomed to looking to our leaders to set out a plan of action and blaze a path to success. Harford argues that today's challenges simply cannot be tackled with ready-made solutions and expert opinion; the world has become far too unpredictable and profoundly complex. Instead, we must adapt.
Deftly weaving together psychology, evolutionary biology, anthropology, physics, and economics, along with the compelling story of hard-won lessons learned in the field, Harford makes a passionate case for the importance of adaptive trial and error in tackling issues such as climate change, poverty, and financial crises―as well as in fostering innovation and creativity in our business and personal lives.
Taking us from corporate boardrooms to the deserts of Iraq, Adapt clearly explains the necessary ingredients for turning failure into success. It is a breakthrough handbook for surviving―and prospering― in our complex and ever-shifting world.
- Sales Rank: #86936 in Books
- Brand: Brand: Farrar, Straus and Giroux
- Published on: 2012-05-08
- Released on: 2012-05-08
- Original language: English
- Number of items: 1
- Dimensions: 8.24" h x .97" w x 5.59" l, .67 pounds
- Binding: Paperback
- 352 pages
- Used Book in Good Condition
Most helpful customer reviews
1 of 1 people found the following review helpful.
Best book I've read this year
By Tucker McClure
A fantastic combination of evidence, discussion, and interpretation fit to influence anything from personal choices to the organizational issues of a large company. I've read numerous books from the last few years on business issues, learning from data, and the role of failures, several of which are cited by Hartford, and Adapt, I believe, is the strongest, both in its evidence and in the style of its presentation. Refreshingly, it is neither meant to be a ridiculously formal treatise nor an unfounded opinion, but presents simply a series of lessons learned about successes and interesting commonalities. Since reading this book, I can't help but find patterns matching those Hartford describes, and have begun to estimate the success of the various activities I see as a function of how well they accept and learn from their failures.
Hartford's resources and interpretation are excellent, and the citations alone form a formidable addition to any "must read" list.
0 of 0 people found the following review helpful.
Failures have a good side
By Raymond L. Straw
There are numerous that things can go wrong with an individual, the government, energy production, and finance. This book focuses on what can be done to prevent a small failure in any of these from taking down a person, system or government.
There are lots of wonderful perspectives in the book. To me the most interesting was the concept of decoupling implemented in the design of banking, nuclear reactors, and oil drilling platforms. If one part of a system fails, the other parts are protected from collateral failure. An absolute worst case failure causes very limited damage.
Decoupling a large, diverse bank would involve keeping the ordinary deposits accounts of individuals and corporations in a stand alone bank division. If the stand alone bank fails government protection of operations would be appropriate.
The rest of the banking activities would be in a separate bank that had no claim on the ordinary bank deposits or reserves. This means that capitalization for the ordinary bank part would in no way be connected to capitalization of the more speculative activities. If the speculative activities go bust they would have no affect on the capital and operations of the stand alone bank. The capital could not be moved or used in any way to cushion the speculative activities. An appropriate setup of the speculative bank should then be able to minimize the need for government backing.
Life is not risk free, but this book suggests that tremendous risks can be reduced by decoupling by design. I heartily recommend the book.
0 of 0 people found the following review helpful.
Disappointed
By BL
Author has a compelling thesis, but the ideas somehow get lost in the middle of the book. Chapters 1-3 are interesting but chapters 4-6 are very unpleasant to read (many anecdotes and lots of storytelling, but the content is not so strongly related to the core ideas presented earlier). The book could have been 50% shorter.
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