E-M8 Entrepreneurial Management for Eternal Mission

This book published almost 200 years ago is the first one to create the argument that the short term focus on the profits has to be balanced with the long term focus on the people. Carnegie, who is allegedly a robber Barron, but in my view simply one of the more brilliant capitalists of his day, builds the case for recruiting and trainingthe best, properly compensating, prazing and  creating a productive work environment, all as the secret to building a successful business.

He further argues that by enriching the most entrepreneurial and innovative, the capitalistic society enriches all, since those enriched tend to engage in charity work helping the fellow men.

While some of his ideas seem either obvious or questionable today, it is amazing to me that 200 years later we are still talking about the adoption of the basically the same concepts in our businesses.

This book is significant as it is the earliest precursor to E-M8 Excellence Matrix that I have come across. It is also significant in highlighting the amount of time it takes for ideas to become adopted and generally accepted.

It is a good read. I recommend it.

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