The Self-made Billionaire Effect

The Self-made Billionaire Effect

How Extreme Producers Create Massive Value

Book - 2014
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There are about 800 self-made billionaires in the world today. What enables this elite group to create truly massive value, and what can the rest of us learn from them? John Sviokla and Mitch Cohen set out to answer this question with the first systematic study of 120 self-made billionaires, including extensive interviews with icons like Steve Case, Mark Cuban, and T. Boone Pickens, Jr. The authors conclude that self-made billionaires aren't necessarily smarter, harder working, or luckier than their peers. The key difference is what they call the "producer" mindset, in contrast to the far more common "performer" mindset. Performers strive to excel in well-defined areas, and they are essential to any company. But producers are even more valuable because they redefine what's possible, rather than simply meeting pre-existing goals and standards. Producers think up entirely new products, services, strategies, and business models, with dramatic results. This book offers fresh stories and insights into producers' habits of mind. It also provides corporate leaders with a new approach to selecting and managing breakthrough talent, and advice about innovation and value creation for aspiring leaders or entrepreneurs.
Publisher: New York, New York : Portfolio/Penguin, 2014
ISBN: 9781591847632
Characteristics: 245 pages : illustrations ; 24 cm
Additional Contributors: Cohen, Mitch, - Author


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Mar 25, 2018

I was hoping that this would be a discussion of the winner takes all effect on the general economy and inequality in particular, but instead it is a rather tedious and limited “how- to” manual for aspiring billionaires, using numerous real life examples.

Dec 09, 2015

Interesting concept but I found myself bored trying to slug through the science/stats behind the premise of the book. The anecdotes and storylines about some of the featured billionaires is what interested me. Unfortunately there was a lot more talk about how to identify/motivate the producer type works from a managers perspective so if you don't currently manage people in your job it doesn't really apply to you. Would still recommend it just be prepared to skim through some of the denser parts.


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