Two essential business book every business leader should read

Recently at the World Economic Forum, Microsoft CEO Satya Nadella gave mention to several books even going as far as to mention a book every six minutes in his 30-minute talk. Here is a highlight of two of his five-book recommendations.

Prosperity by Colin Mayer

This one is a surprising recommendation by the Microsoft CEO. Colin Mayer’s Prosperity talks about the goal of large companies to concentrate wealth with a small group of founders and engineers. This excess pay to executives has caused the public faith in business to continue to decline. Mayer writes, “We have lost trust in corporations to look after our interests.” Restoring it is “one of the most important issues of our age”. The book is tale of corporate history and its path down single goals of the shareholders can cause damage in the long run to a business model. Instead, Mayer’s tagline for Prosperity: better business makes the greater good, alludes to the fact that businesses who lead in social policy can also lead others into the “age of the trusted corporation”.

Mindset by Carol Dweck

Nadella has praised Mindset by Carol Dweck many times, in one interview even crediting the book with inspiring Microsoft’s turnaround. Dweck is famous for her work on the growth mindset. The growth mindset is essentially those who achieve great believe they can improve and still grow as people. On the other side those who are frustrated in their attempts to realize a dream think their talents and abilities are static. One easy thing that can help you grow that Dweck talks about is adding the word yet to your vocabulary. Dweck recently commented in a video, “We’ve found that putting in certain phrases, like ‘not yet’ or ‘yet,’ can really boost students’ motivation. So if a student says, ‘I’m not a math person–yet’ or ‘I can’t do this–yet,'” she explains, “it puts their fixed mindset statement into a growth mindset context of learning over time.”

As corporations continue to receive public pushback relating to the ever pursuit of shareholder profit, Nadella mentions in an interview with WEF found Klaus Schwab the challenges that capitalism is facing and the mindset needed for these changing corporate times. These two books (among many others) are two that Nadella mentions gave a map to help with the ever-changing corporate mindset in these changing times.