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The Naked Corporation: How the Age of Transparency Will Revolutionize Business Hardcover – September 30, 2003


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Product Details

  • Hardcover: 368 pages
  • Publisher: Free Press; 3rd edition (September 30, 2003)
  • Language: English
  • ISBN-10: 0743246500
  • ISBN-13: 978-0743246507
  • Product Dimensions: 1.1 x 6.2 x 9.2 inches
  • Shipping Weight: 1.2 pounds
  • Average Customer Review: 4.9 out of 5 stars  See all reviews (15 customer reviews)
  • Amazon Best Sellers Rank: #1,466,613 in Books (See Top 100 in Books)

Editorial Reviews

From Publishers Weekly

The idea behind the sexy title is that information technology, chiefly the Internet, puts corporate misbehavior on display as never before. Thanks to the Web, consumers can compare product info, disgruntled employees and whistleblowers can air dirty laundry and upload embarrassing documents, investors can get wind of financial shenanigans and activists of all stripes are able to publicize a company's environmental and social transgressions. When mobilized, these hawk-eyed "accountability webs" precipitate "vortex states" that send a company's reputation, and maybe its business, spiraling down the drain. To head off such PR catastrophes, the authors recommend a policy of "transparency," whereby companies disclose all possible information, a practice they feel boosts employee morale and performance, facilitates business partnerships, and helps responsible corporations attract socially conscious consumers and investors. Tapscott and Ticoll, authors of Digital Capital: Harnessing the Power of Business Webs, examine such obstacles to transparency as gene patenting and overextended copyrights, and discuss the misdeeds and controversies surrounding corporate megaliths like McDonalds and Coca-Cola. The book is really a restatement of the new "corporate sustainability vogue in management theory, which insists that social and environmental responsibility benefit the bottom line. The authors' sometimes turgid presentation, peppered with bewildering diagrams, gives it a New Economy gloss by invoking information theory, "network effects" and fulsome praise of knowledge workers and the Net Generation, for whom life is "an ongoing, massive multi-media research project." The premise, that the flow of information compels corporate accountability, is a dubious one; as the authors acknowledge, there was information aplenty about the problems at Enron and Worldcom, but these companies were never called to account until they went bankrupt. Still, high-minded executives will find much to enlighten and encourage them.
Copyright 2003 Reed Business Information, Inc.

Review

Malcolm Gladwell Author of The Tipping Point The Naked Corporation argues, beautifully and persuasively, that there is no contradiction between good business and the values of honesty and openness. This book belongs in the briefcase of every right-thinking manager in the country.

A. G. Lafley Chairman, President and Chief Executive, Procter & Gamble Don Tapscott and David Ticoll hit the bull's-eye with The Naked Corporation. The demand for openness and candor has never been greater. The Naked Corporation is a leadership tool kit for turning the relentless demand for transparency from threat to advantage.

Robert A. G. Monks Author of The New Global Investors, coauthor of Power and Accountability and Watching the Watchers Tapscott and Ticoll show, with abundant recent cogent examples, how concealment of truth is at the core of many corporate problems. Their solution is straightforward, clearly written, and compelling. You should read this book. More, you should buy it, as you will want to refer to it frequently.

Dr. Eric Schmidt Chairman and CEO, Google, Inc. They've done it again. Tapscott and Ticoll's capacity to combine a fresh and authentic perspective with real world data has once again opened the aperture on our emerging networked economy. A brilliant work.

Klaus Schwab Founder and President, World Economic Forum We need a corporate philosophy for the twenty-first century. Tapscott and Ticoll's book The Naked Corporation provides this -- not only the rationale for a transparent corporation but also the principles of leadership in an open world.

More About the Author

Don Tapscott is one of the world's leading authorities on innovation, media, and the economic and social impact of technology and advises business and government leaders around the world.

In 2011, Don was named one of the world's top ten most influential management thinkers by Thinkers50. He has authored or co-authored 15 widely read books including the 1992 best seller Paradigm Shift. His 1995 hit Digital Economy changed thinking around the world about the transformational nature of the Internet and two years later he defined the Net Generation and the "digital divide" in Growing Up Digital.

His 2000 work, Digital Capital introduced seminal ideas like "the business web" and was described by BusinessWeek as "pure enlightenment." Wikinomics: How Mass Collaboration Changes Everything was the best selling management book in 2007 and translated into over 25 languages.

The Economist called Macrowikinomics: New Solutions for a Connected Planet "Schumpeterian story of creative destruction" and the Huffington Post said the book is "nothing less than a game plan to fix a broken world."

Over 30 years he has introduced many ground-breaking concepts that are part of contemporary understanding. His work continues as the inaugural fellow at the Martin Prosperity Institute, a member of World Economic Forum and Adjunct Professor of Management at the Rotman School of Management, University of Toronto.

Customer Reviews

4.9 out of 5 stars
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The book is well-written and well researched.
Paula Ivey, The CSR Group
Warren Buffet says "you should be able to understand the financial statements of a company in a few minutes".
Jim Estill
This book opens up a new and important aspect of modern life.
Robert A. G. Monks

Most Helpful Customer Reviews

5 of 5 people found the following review helpful By Will Rodriguez on June 11, 2004
Format: Hardcover
This is a very good book which has opened my eyes into looking for companies that are honest and transparent with their customers, shareholders and employees. This book calls companies to stop hidding behind secrets that destroy corporations (Enron and others) and start being transparent, by providing informaiton to your customers, shareholders and employees. Companies need to show that they are responsible to the environment, to their stakeholders and other corporations. This book is calling companies to be ethical in their daily transactions and gives example after example of corporations who have fallen because they tried to hide the truth. This book shows that we need strong ethical people to run todays corporations and we as investors need to reward companies who are starting to become transparent. At the same time we need to punish companies who are not taking responsibility for their actions and wrong doings. This book also points out that most investors are blind with their investments and don't even realize what their largest investment is invested in (for most people their largest investment is their pension plan, and I admit I don't know what mine is invested in). This is a very good book and has opened my eyes to at least see what's going on out there and provided me with the tools to do some research and make sure I reward companies that are making an effort to save our environment and be honest with employee's, investors, stakeholders, and customers. The one question I have is are we raising a generation that will be able to have the
qualities needed to run the corporations of tomorrow... Great book...
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4 of 4 people found the following review helpful By David Brett on February 12, 2004
Format: Hardcover
Tapscott and Ticoll have written another very detailed, practical and profound book about business that shows their knack for zeroing in on the heart of a momentous change that is stirring in the world and explaining it all clearly and completely. At the heart of The Naked Corporation is the notion that shareholders and other stakeholders are empowered by technology to know more and more about organizations faster and faster, which in turn greatly emboldens them to take action based on their new knowledge. In other words, perhaps the old adage "there's one born every minute" needs updating. They're still being born, but hopefully now only a few per hour? Corporations "getting naked" can't be good news for marketing departments. Their job can no longer be about creating a nice rosy image; companies and products must be the image - for real. Yikes...David Brett, Founder, Knexa.
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2 of 2 people found the following review helpful By Del Langdon on December 1, 2003
Format: Hardcover
Tapscott and Ticoll launched the Digital 4Sight research program two years before the buzz of ethical misconduct by Enron, Tyco, Woldcom, Arthur Andersen and others finally set off alarm bells and made front-page headlines. Once again, they are ahead of the curve in accurately predicting and understanding critical businesss and cultural shifts that have enormous impact. Their thesis that greater transparency is the core of the solution seems like a "no brainer". However, the response of most corporations seems to be shallowly focused on compliance with S-OX regulations--missing the point of the exercise. The authors argue that this is the time to rethink the fundamental values and leadership of the corporation in context of external and internal stakeholders. It is heartening to see examples of leaders that live and manage to their values and take the bold steps to go beyond focus on their quarterly financial results and regulatory compliance. This book convincingly outlines both the business rationale and the path to a return of trust and loyalty in the instituions we invest in, do business with, work with/for. I see light at the end of this very dark tunnel in the evoluion of business and personal conduct, only if we all take action and accountability.
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2 of 2 people found the following review helpful By Paula Ivey, The CSR Group on October 8, 2003
Format: Hardcover
Finally, the book we have all been waiting for, which explains, in no uncertain terms, the emerging age of business which requires corporate responsibility and accountability via transparency. The book outlines the systemic changes, brought about by technology and other factors, which are driving this change. Most importantly, The Naked Corporation explains stakeholder engagement and empowerment in detail - which is important for all of us to understand....this book is not only a "business" book, but a book for those of us whose lives are affected by business - all of us. It outlines the power we all have as stakeholders to effect change. The book is well-written and well researched. I find the concepts and the diagrams very useful and easy to follow. Great job!!
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1 of 1 people found the following review helpful By Robert A. G. Monks on December 16, 2003
Format: Hardcover
Louis Brandeis had it right. Openness and light are the answer to many of the world's problems. The present corporate environment is one of shame. We are told, for example, the particular executives must disclose fully all elements of their compensation in proxy statements; then, we find out in divorce hearings that substantial and significant items are omitted. This is not a matter of vast significance in itself. What is important is what it tells the world. Notwithstanding the clear intent of regulatory statutes, responsible people with responsible professional advisors only disclose what they want to disclose. One has to wonder how this inclination affects information about other aspects of the impact of corporations on to society.
The various communications revolutions - computer, internet, email - now make it possible to disclose information to all relevant persons virtually without cost. We should insist that this be the guiding principle of corporation functioning - disclose, even those items where cost to the corporation in the form of tightened regulations may be involved. Long term value will be enhanced for corporations that can be trusted by the public - trusted to tell the full story short of judicial proceedings.
This book opens up a new and important aspect of modern life.
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