"The Mormon Way of Doing Business" by Jeff Benedict (Warner Business Books, 2007)seemed to be a book giving insights into ways that Mormons might do business differently than non Mormons. It is much more than that. It is a book of great business and life practices. It focuses not only on being a good businessperson but also on how to balance business, family, and religious duties. An excellent book for all of us.
On the other hand, many of the lessons of this book are the lessons of great business leaders in certain kinds of businesses. The businesses that seem to apply to the lessons of this book are hierarchical, many person, businesses in which doing the same thing over and over and really well--sort of the mind set of Japanese businesses, and the Mormon church organization--is the best way to do things. This way of doing business may not apply to non-hierarchical tech businesses that are inventing new things instead of optimizing existing things.
Also, all of the women in this book came across as '50s style mothers--people who put their entire energies into raising families, not having careers, and going to college only to get married. The women apparently never saw their husbands. It is not clear how this model of men, women, and family might extend to other fields of work and life.
The author states that the family lifestyles touted as optimal are not possible unless some family member brings in a lot of cash. Many families do not have a lot of cash.
Like many other religion based approaches to an economy, this approach appears to be very productive in certain parts of an entire economy but less productive in other necessary parts.
Flashback: 28 May -- 3 Jun
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