Here are the most clicked items on Alpha Ideas this week:
Transpek Industry: Lifetime & Thereafter (AI)
JSW Steel: Covid, what Covid? (AI)
Meri Marzi (AI)
Book Review: The ride of a lifetime (AI)
The Office is dead (Medium)
Where Vallabh Bhansali sees investment opportunity (Morningstar)
Indian MNCs and their unlisted subsidiaries (Balaji Vaidyanath)
Why Mumbai builders must go public with their discounts (Vishal Bhargava)
What I learnt from Ramesh Damani (AI)
Subhash Chandra: Never fight with the Ambanis (AI)
The Book ‘The Ride of a Lifetime’ is written by Robert Iger, the Executive Chairman of The Walt Disney Company.
The Book is about the remarkable career of Bob Iger and the various defining moves he did to transform Disney into the behemoth it is now.
Bob wrote the book to share his learnings with the audience and possibly with an eye on a political career.
The Book begins with his 10 principles which served him well such as optimism, courage, focus, decisiveness, curiosity, fairness, thoughtfulness, authenticity, relentless pursuit of perfection and integrity
His lines on Integrity stuck a chord with me : “Nothing is more important than the quality and integrity of an organization’s people and its product.They way you do anything is the way you do everything.”
The Book then goes on to descibe the various steps of Bob Iger’s career.He hailed from a middle class Jewish family in New York and had a deep desire to be a success.I loved his words : “I was determined not to live a life of disappointment”
Bob started his career in 1974 as a studio supervisor for ABC Television. He then rose steadily and surely to the top of the ranks.Subsequently, when Disney acquired ABC, he became #2 in the combined entity
Many biographies downplay the vicious politics , back biting, board room battles etc that happens in offices.Bob is unusually honest about it and makes for gripping reading.
When Eisner is ousted from Disney, the Board did not want to consider Bob for the # 1 position. Bob campaigned for the post just like a politician campaigns for office.One great insight was a company’s culture is shaped by what priorities is set by the leadership.And you can’t have too many priorities-just 3 of them.
Bob presented his 3 priorties to the Board and clinched the job:
- Creating high quality branded content
- Embracing Technology
- Becoming a truly global co
Bob spent the next 15 years just focussing on these 3 priorities and ending up creating one of the most valuable companies on the planet.
Priority 1 saw some of the greatest deals in the entertainment world- Pixar, Star Wars, Marvel etc
Priority 2 was about Disney + etc
Priority 3 saw the opening of Shanghai Disneyland etc
The anecdotes involved are very interesting and make for great reading.
There are some anecdotes of my hero Steve Jobs which just underscores what a remarkable man Steve was.
I would strongly recommend this Book to everyone interested in business.
Some off beat reads for the weekend:
The Twilight of the Iranian Revolution (New Yorker)
The saddest day of Hong Kong (Time)
The heat in Beijing (Ram Madhav)
MidEast Sands shift amid CoronaVirus outbreak (Ravi Velloor)
A second wave is inevitable (Al Jazeera)
Why Kashmiriyat is a scam (Amaan)
How Danish Sait became the voice of the lockdown (Mint)
Michael Jordan: A history of flight (ESPN)
The anti-communist massacres in Indonesia (NYBooks)
Jerusalem: 1948, 1967, 2020 (TOI)
Chakma Raja: A Buddhist King in Pakistan (LHI)
Why Savarkar had to be saved (Open)
The resilience of shithole countries (Indi Samarajiva)
Candy crushed to bits (J Mathrubootham)
The enduring Ruskin Bond (DailyO)