Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL Hardcover – May 3 2011
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All business leaders, not just the one who wants to be chief executive of the American company” should take notice.” Professor Martin makes the point particularly vividly, observing that the way we currently reward corporate C.E.O.’s is roughly equivalent to rewarding football teams for exceeding expectations rather than winning games.” The New York Times Economix blog
"As Roger Martin details in his brilliant, Fixing the Game: Bubbles, Crashes, and What Capitalism can Learn From the NFL, CEO pay exploded when companies adopted reward systems based upon maximizing shareholder value.” Huffington Post
what the reader gets in Fixing the Game is deeply thoughtful business commentary with an excellent marketing case study to boot, namely the NFL” Graziadio Business Review
One of the few business school leaders to confront the disgrace of business leadership through the economic crisis, Martin is also a big football fan, and draws provocative lessons from his enthusiasm for the sport.” - CBS News
Named the Best Management Book of 2011 by strategy+business magazine
Fixing the Game is a passionate, timely, and incisive look at how today’s capitalist system, with its commitment to shareholder value, is leading to bubbles and crashes. He presents some tough-minded solutions.” The Globe and Mail
American capitalism hangs in the balance, writes Martin. His book gives a clear explanation as to why this is so and what should be done to save it.” Brilliant new book ” - Forbes.com
His conclusions have a global relevance” Financial Times
recommend Roger Martin's new book, Fixing the Game, which explores the demands of Wall Street vs. the common sense decisions of Main Street Martin is clear where successful CEOs and their Boards need to focus -- and that's on the actual game on the real field, not the one played by the bookies.” Huffington Post
very accessible text with suggestions for reform that will improve both authenticity and the bottom line.” - Publisher’s Weekly
a lively, intricate but accessible argument, neatly stitched together with references to the NFL and other sports when analogies are helpful.” - Globe & Mail
it often offers the additional feel-good fillip of a practical path toward improvement. It is a universe of engaging stories and ultimately uncontentious outcomes -- think the wildly popular oeuvre of Malcolm Gladwell.” - Reuters
Roger Martin has written a book that is at once original, insightful, and inspirational. With his tell-it-as-it-is’ bluntness, he chronicles the failures of modern-day capitalism and offers clear and realistic policy recommendations for fixing the game’ and building a better world for investors. If you enjoy wit and seek wisdom, this is the book for you.”
John C. Bogle, founder and former chief, The Vanguard Group
We’ve gone from an economy based on making things to one based on making things up. Wall Street has been remodeled as a casino in which the expectations market, reflected in stock prices, has become more important than the real market in which real factories are built, real products are developed and sold, and real dollars show up on the bottom line. Roger Martin offers a riveting account of how the expectations game is beginning to destroy the real game, threatening the future of American capitalism. Through his brilliant analysis of the NFL (which will entrance even those who don’t follow the market), he shows us how we can get back to the real game of building for the present and the future. Fixing the Game is a must-read for all who care about business being a positive agent for change in the world. And that should be all of us.”
Arianna Huffington, cofounder and Editor-in-Chief, The Huffington Post
Fixing the Game is an essential book, one that should be read by leaders in the business community and financial regulators worldwide. Martin identifies the insidious trap that can so easily seduce entrepreneurs and CEOsthe temptation to simply trade value rather than create itand provides clear, compelling advice on how to keep focused on the real gameof creating and satisfying customers, running a business legally and ethically, and staying true to a well-thought-out real-world’ strategy.”
Nandan Nilekani, Chairman, Unique Identification Authority of India, and former CEO, Infosys Technologies Limited
Fixing the Game artfully links theory and practice, and reminds us that getting both right is important if we are going to fix capitalism. Roger Martin asks provocative questions about what constitutes good management, and forces the reader to consider the ways in which elegant logic or a compelling theory actually undermines commonsense business practice. And along the way he identifies changesin regulation, business, and governancethat will realign private incentives with the public good.”
Judith Samuelson, Executive Director, Business and Society Program, the Aspen Institute
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Top Customer Reviews
The repairs that are urgently needed (i.e. the "fixing" of that system), Martin asserts, require that the "expectations game" end, replaced by the re-establishment of a real market. Why? "The real market produces a positive-sum game for society. Everyone can be better off as more and more value is created for customers. In contrast, the expectations market produces a gigantic zero-sum game." The real market also produces meani9ng and motivation for organizations and their leaders, cobtri9butes to a sense of authenticity for individuals, and in general, Martin submits, "a real market orientation creates individual and societal good, while the expectations orientation creates a downward spiral that threatens both individual well-being and the health of our economy.Read more ›
It's an easy, enjoyable and important read.
Unlike many of the Occupiers, Mr. Martin does not think the root of the problem lies with capitalism or with the "1%" even though he readily acknowledges longer more tenacious difficulties than just the recent financial collapse which has spawned the Occupiers. Rather, he proposes the problem, or at least a good portion of it, can be traced back to a few critical errors initiated in the mid 1970s on compensating CEOs and senior corporate management. Exhibiting that rare commodity, common sense, he goes on to observe such errors can reasonably be expected from time to time (after all, CEOs, corporate board members and even academics like Mr. Martin are only human) and we should, therefore, have mechanisms in place to correct them - and not just the patchwork band-aid approach taken by recent governments. Not exactly earth shaking, is it?
In his short, easily read book Mr. Martin deftly analyzes the corporate crisis from development to present day and puts forward several concrete solutions. Just in case we have difficulty following, he uses the National Football League and, to a lesser extent, major league baseball as nifty easy to understand models. In fact, the book is so plainly written it is tempting to dismiss it as just too simple to be meaningful in today's complex world. That would be a mistake.
Mr. Martin does not and cannot solve everything in one small book but he does make a serious contribution. Whether or not you support the Occupiers, his book is worth a read.
Most recent customer reviews
A very insightful book on what's wrong with executive compensation and how it affects markets.Published 10 months ago by Vulcan
Roger Martin is a rare business leader of significant repute to call out our economic system as it is, and then offer tangible solutions that need to be taken very seriously. Read morePublished 23 months ago by John Kuypers
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