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Book reviews: Be Fearless, Wealth of Wisdom, Transforming Legacy Organizations

Our roundup of new and noteworthy business book releases, featuring Be Fearless: 5 Principles for a Life of Breakthroughs and Purpose, Wealth of Wisdom: The Top 50 Questions Wealthy Families Ask, and Transforming Legacy Organizations: Turn Your Established Business Into an Innovation Champion to Win the Future.

Our roundup of new and noteworthy business book releases, featuring Be Fearless: 5 Principles for a Life of Breakthroughs and Purpose by Jean Case, Wealth of Wisdom: The Top 50 Questions Wealthy Families Ask by Tom McCullough and Keith Whitaker, and Transforming Legacy Organizations: Turn Your Established Business Into an Innovation Champion to Win the Future by Kris Ostergaard.

Be Fearless: 5 Principles for a Life of Breakthroughs and Purpose

Author: Jean Case

Rated: 5/5

Published by: Simon & Schuster

Pages: 240

If you like sharp, succinct anecdotes which pack a punch, then you are going to like Be Fearless. That’s because Jean Case has crammed in a great variety of real-world stories to help illustrate five principles all based around betting big. Many of the stories are notable because of who is sharing them, from Jeff Bezos to Warren Buffett, Jane Goodall to Melinda Gates—whether they are recommending the book, or personally referred to, Case is seriously well-connected. What’s this got to do with family businesses? Case is one of the pioneers of the impact investing scene via The Case Foundation and is seriously focused on change making. This easy-to-digest manifesto is a great starting point for those families making bold steps and/or embarking on their own impact journey. It calls on readers to overcome fear, take bold risks, and live lives of urgency.

Wealth of Wisdom: The Top 50 Questions Wealthy FamiliesAuthors: Tom McCullough and Keith Whitaker

Rated: 4/5

Published by: Wiley

Pages: 400

A novel concept, this new book is less a 400 page tome than a collection of essays tackling 50 different questions that get asked by wealthy families. Where Be Fearless name-checks a roster of famous families, this book goes one step further and gets a host of well-known advisers and thinkers to each author a chapter around nine major categories. Industry notables include Dirk Junge, John Davis and financial figures Howard Marks and Christine Lagarde. It picks out key themes including changing demographics and their impact on family dynamics and the shifting role of investments within the family structure as goals-based investing comes to the fore. The book is intended to be a practical, on-the-ground, how-to guide—its easily digestible format makes this possible for families wanting to ask the right questions.

Transforming Legacy Organizations: Turn Your Established Business Into an Innovation Champion to Win the Future

Author: Kris Ostergaard

Rated: 4/5

Published by: Wiley

Remember when unicorns were simply horned mythical creatures? Now the word also describes disruptive startups valued at more than $1 billion, and it may feel to some principals like they are stampeding directly at their legacy family businesses. Ostergaard, who has been teaching such established organisation around the world for more than 15 years, seeks to reassure. The innovation initiatives of legacies have far better chances of succeeding, he declares.

Transforming Legacy Organizations gives real-world advice and research-based information on how to nurture innovation by employing new technologies, improving processes, and establishing a culture of creativity and forward momentum. Ostergaard explains how and why innovation needs to be embedded in corporate DNA and engage all employees as part of the innovation team. An engaging how-to guide in raising your family’s own stable of unicorns.


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