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18 of 20 people found the following review helpful:
5.0 out of 5 stars
Working to Achieve "The Happiness of Man", October 25, 2001
Here is another terrific book from Blaine McCormick who, as he did so skillfully in Ben Franklin's 12 Rules of Management, focuses on an historic figure from whose life and work certain important "lessons" can be learned. Yes, they include lessons relevant to business but so many other kinds of lessons which anyone needs inorder to think more clearly and more creatively, to nourish and enrich one's personal life, and of equal (if not greater) importance, to persevere in the face of great adversity. Most people would agree that Edison was the greatest inventor who ever lived. Most people may not know that he was also a very shrewd businessman with a deep understanding of key issues such as allocation of resources (e.g. time management), setting proper priorities, delegating work to those better qualified to complete it, and creating and then sustain competitive advantage.McCormick identifies and then examines ten different "Lessons" which, collectively, delineate Edison's business model: 1. Limit your way to greater creativity. 2. Talent comes and talent goes but mediocrity accumulates. 3. Creativity is all about making connections. 4. If you want to invent, build yourself an invention factory. 5. The greatest innovators have made a lot of F's. An interesting point because most people fear failure. Edison passionately believed that the more failed experiments (whatever the situation) he completed, the more likely eventual success would be. Only through rigorous and extensive experimentation is it possible to determine what we don't know, and, what doesn't work. Moreover, what is true today and what works today may be inadequate or even wrong tomorrow. For Edison, failure (not success) was the best teacher. He was an avid student whose appetite for learning was insatiable. 6. In a capitalist society, whoever attracts the most capital wins. 7. The best-promoted technology will often beat the best technology. 8. The price of freedom is a premium most customers are willing to pay. Another interesting point. An abundance of research data on "customer satisfaction" indicate that "convenience" (or "ease of doing business") is almost always ranked #1 or #2 among attributes. FYI, "Price" is ranked anywhere from #9 to #14. 9. Play is to innovation what rules are to bureaucracy. 10. Glow, but don't consume yourself. McCormick organizes his material within ten chapters, including with several an "Interview with an Innovator" section which poses questions or explores issues such as "Why Do So Many Men Never Amount to Anything?" and "How to Succeed as an Innovator." Throughout the crisp narrative, the reader is provided with dozens of brief quotations from Edison's writings which correlated with relevant "Lessons" and anchored in specific situations throughout his life. All of us are by now weary of (indeed hostile to) books which provide flimsy lessons from questionable sources, such as "People Skills Lessons from the World's Greatest Hermits." Both in his book on Franklin and in this book on Edison, McCormick focuses on "Lessons" (albeit familiar) which are wholly authentic within the context he creates for them. Wisely, McCormick allows Edison the last word: "My philosophy of life is work -- bringing out the secrets of nature and applying them for the happiness of man. I know of no better service to render during the short time we are in this world." There is no way I (or anyone else) can improve on that so I shall not try. Those who share my high regard for this book are urged to check out Edison in the Boardroom, co-authored by Julie L. Davis and Suzanne S. Harrison.
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