Monday, January 23, 2017

Losing the Signal -The Untold Story Behind the Extraordinary Rise and Spectacular Fall of BlackBerry by Jacquie McNish & Sean Silcoff

Rating - 3/5
Copy- Borrowed
Genre - Corporate History

Tracking the market cap of Reseach in Motion, now BlackBerry Ltd. gives you a sense of wonder. The creation & erosion of wealth- from $70B to $3B, in such a short span is remarkable. One can draw parallel to a video that goes viral & goes off your notice when a new video surfaces. Popular opinion is that the advent of iPhone & Android- Samsung led to the demise of the enterprise - the book does well to shatter that opinion.



The book is neatly divided into two sections - one depicts the rise of RIM & the other fall. The author maintains a fast pace taking the readers through the ups & downs, the struggles & victories, the similarities & dissimilarities of the co-founders that serve as the spine of the book.  The author gives a lot of word-time to the villains who brought the company down - a legal tangle with an entity that pushed the focus away of the co-founders from the emerging players, the mobile networks who didn't allow RIM to put up a full browser, backdating options to the executives  - to name a few. Surprisingly the author does not dig much into the lack of corporate governance & the roles of the directors which in my view, could have salvaged the company. The reader gets a fascination account of the challenges in the  launch of the BB10 & the Playbook.  There were bright spots which the author could have covered more on-  BBM & the handset Storm. The book begins & ends in an obituary-like tone which gives an uni-dimensional view of the whole saga. The lack of quotes from the directors & just a few snippets from the co-founders  also did not go down well.

Singularly Blackberry as a company has transformed the way we communicate. Instant messaging got into vogue because of this company. The book does not give enough credit to this cause. The book though lives up the title - it encaptures everything we know about the company, but only a few feet beneath the surface. 

Sunday, January 1, 2017

Breakout Nations- Ruchir Sharma

Rating- 3.5/5
Copy- Hardbound
Genre- Economics

Many marketing pundits say that the tagline captures imagination more than the title. Ruchir Sharma’s book – Breakout Nations “In Search of the Next Economic Miracle” does justice to the title. Sharma, a leading economist at Morgan Stanly, brings his wealth of experience in economics in a lucid prose which is extremely engaging for someone who is doing a cursory reading. The unfortunate part that comes across is the lack of depth in the book. Here and there, one gets the feel that the book is made from the footnotes of research papers or made from a string of interviews to a television channel.  By mid-way, you have kind of figured out what a nation must have to be an economic juggernaut

low inflation
diversified economy
export oriented or a big domestic market
not highly corrupted
low %share of debt (public+private) to GDP

Added Bonus factors are
less share of GSE (govt sponsored enterprises) in key market areas
reform-oriented government
tier-II level for per capita income (sub-$10,000)
younger demography



Taking a cue from the above indices, the author paints the economic picture of a county. The author lists few countries to watch out for – South Korea, Poland, Czech Republic & Turkey which he considers to be breakout nations that can be subsets of engine growth to the world economy. He makes passionate cases on why he considers these economies to fare well. The book was written in 2012 when China was leading the economic growth of the world. Sharma questions the high debt the country was incurring & predicted correctly that a bubble will burst soon. His notes on the Russian economy makes a decent read, his warnings to the commodity-oriented economy are well-founded. Russia & Brazil are currently bearing the brunt of falling commodity prices.
Sharma does bring a personal touch to each of the cases he deciphers. The book manages to package an economy but does fall short of expectations to someone who is looking for more than just a cursory read.

Outliers By Malcolm Gladwell

Copy - Kindle Rating - 3/5 Around the globe, Malcom Gladwell is known as a foremost thought leader. The gift that the author has, apart ...