The Financial Times Guide to Management Book Review

For those in business, or hoping to be, management is very important. Or to be more precise, being good at management and doing it properly is important. This guide to management comes from The Financial Times and is written by Ann Francke, CEO of the Chartered Management Institute. So far so impressive.

Ann Franckle book The Financial Times Guide to Management

Also impressive is that it has an entire chapter on managing yourself. I think this is a genius idea that not many books would think of. Getting yourself sorted out first obviously makes perfect sense: lead by example. Each chapter starts with what you will learn in that chapter and then ends with top tips, pitfalls and takeaways.

For all of the wealth of information in this book it is surprisingly easy to read. Add in the graphs, anecdotes and exercises then you have one hell of a book on management. Part 7 even has view from the front line: top tips, pitfalls and takeaways from top managers, along with views from the FT’s Finest.

FT Guide to Management: How to be a Manager Who Makes a Difference and Gets Results is an essential business book for managers. Don’t be without it.

What they say:

“Ann Francke, CEO of the Chartered Management Institute, writes a much needed straight talking guide to management.


According to a 2012 survey by CMI and Penna*, 43% of individuals rated their managers as ineffective or highly ineffective. This statistic will be no surprise to most – many surveys and research papers have revealed similarly gloomy results in recent years.

 

So why do we struggle to ‘get management right’? Probably because so many people have become ‘accidental managers’; they have been promoted into management positions due to specialist skills. Many are given little or no training when they are promoted and are left to work it out for themselves.  The mind boggling array of management books on the market does little to simplify the ‘management message’ as approaches are many and varied.

 

In response, Ann Francke, CEO of the CMI, has written The Financial Times Guide to Management. Backed by the wealth of CMI research, her extensive global management experience, and advice from over 40 frontline managers, Ann has created a straight talking and balanced guide to management.

 

It covers the full spectrum of management skills, including managing others, managing change, managing stakeholders, managing budgets and resources, creating business strategy and executing plans.  A chapter offering Views from the Front Line, grounds the book in practical advice, with over 40 senior executives sharing their top tips, pitfalls and takeaways. Contributors include Paul Polman (CEO, Unilever), Steve Marshall (Chairman, Balfour Beatty) and Cilla Snowball (Chairman and CEO, AMV BBDO).  In a similarly neat framework, a 20 page Guide to the Gurus takes readers through a pithy summary of the bestselling and most admired management gurus.

 

From motivating a team and developing star talent to controlling budgets and fostering innovation, The Financial Times Guide to Management is the authoritative guide to becoming an effective manager.”

 

The Financial Times Guide to Management, is published by Pearson.

 

 

Investment Trusts by John Baron | Book Review

investmenttrustsWhen I first saw the title of this book, ‘Investment Trusts’. I thought that it would be quite a dry read. I was very wrong. This is a well written and easy to read guide to investment trusts. A must read for investors and financial advisers.

John Baron presents an extremely compelling case for investing in investment trusts instead of the more common and traditional unit trusts/ mutual funds.

As a very basic overview.

Unit trusts are open ended (except  funds from new investors) and trade at their net asset value

Investment trusts trade like shares on an exchange. They are closed ended (don’t accept new investor funds) and can trade at a discount or premium to their actual net asset values.

The book does a much better job of explaining the differences and goes into a lot more detail. Baron examines the factors which explain why unit trusts/OEICs under perform investment trusts. He clearly presents the opportunities which many investors may be missing out on.

The book is well researched (Baron has worked in the industry for many years). It is clear easy to understand, jargon free and well structured. It is difficult to argue with any of the authors conclusions. The book also has extra tips for successful investing and information on how to construct and monitor a trust portfolio. This is a must read for any investor who currently only invests in mutual funds. I’m not surprised it has a flawless record of 5 star reviews on Amazon.

5/5

Financial Times Guide to Investment Trusts: Unlocking the City’s Best Kept Secret is available here.