Business Books For New Batch MBA Students
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Business books for new batch MBA students

The session at B-schools are going to start soon and the selected students will soon be entering the world of management education. The education that an MBA education offers is not just about learning business management, but also about applying the learning at the right place, right time, to get the return. Once your MBA classes begin, you will get to study numerous books written by economists, management experts, top bankers, Nobel laureates etc., but these will alone not suffice for developing your management thinking power. For this you will need to read books that have been time tested.

Here are some books written by international authors, these books give you experienced insights into the world of business and management thinking. The books are as follows:

The Goal, By Eliyahu M. Goldratt, Jeff Cox, David Whitford
Written in a fast-paced thriller style, The Goal is the gripping novel which is transforming management thinking throughout the world. Alex Rogo is a harried plant manager working ever more desperately to try and improve performance. His factory is rapidly heading for disaster. So is his marriage. He has ninety days to save his plant - or it will be closed by corporate HQ, with hundreds of job losses. It takes a chance meeting with a colleague from student days - Jonah - to help him break out of conventional ways of thinking to see what needs to be done. The story of Alex's fight to save his plant is more than compulsive reading. It contains a serious message for all managers in industry and explains the ideas which underline the Theory of Constraints (TOC) developed by Eli Goldratt.

The Fortune at the Bottom of the Pyramid, By C. K. Prahalad
This book discusses new business models targeted at providing goods and services to the poorest people in the world. It makes a case for the fastest growing new markets and entrepreneurial opportunities being found among the billions of poor people 'at the bottom of the [financial] pyramid'. According to Bill Gates, it "offers an intriguing blueprint for how to fight poverty with profitability."

Good To Great, By Jim Collins
Good to Great answers the compelling question: Can a good company become a great one and, if so, how? After a five-year research project, Collins concludes that good to great can and does happen. In this book, he uncovers the underlying variables that enable any type of organization to make the leap from good to great while other organizations remain only good. Rigorously supported by evidence, his findings are surprising - at times even shocking - to the modern mind.

Naked Economics, By Charles J Wheelan, Burton G Malkiel
Naked Economics demystifies key concepts, laying bare the truths behind the numbers, and answering those questions you have always been too embarrassed to ask. Wheelan brings economics to life. Amazingly, he does so with nary a chart, graph, or mathematical equation in sight-certainly a feat to be witnessed firsthand. Economics is a crucial subject. There's no way to understand the important issues without it.

Who Says Elephants Can't Dance? By Louis V Gerstner
"Who Says Elephants Can't Dance?" sums up Lou Gerstner's historic business achievement, bringing IBM back from the brink of insolvency to lead the computer business once again. Offering a unique case study drawn from decades of experience at some of America's top companies -- McKinsey, American Express, RJR Nabisco -- Gerstner's insights into management and leadership are applicable to any business, at any level. Ranging from strategy to public relations, from finance to organization, Gerstner reveals the lessons of a lifetime running highly successful companies.

Leadership Challenge, By James M Kouzes, Barry Z Posner
This leadership classic continues to be a bestseller after three editions and twenty years in print. It is the gold standard for research-based leadership, and the premier resource on becoming a leader.

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