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Antilogic: Why Businesses Fail While Individuals Succeed - Hardcover

McComish, Bruce

 
9780471494515: Antilogic: Why Businesses Fail While Individuals Succeed

Inhaltsangabe

There are many strange phenomena in the world of business and finance. We discover many curious things, comic and contentious that are not all explained by conventional finance or economic theory rather they follow the rules of antilogic.

Financial practitioners have been attempting to quantify, monitor and control financial
risk and yet, in spite of modern quantitative analysis and highly sophisticated modelling techniques they are no more successful in this than in the past - the world of finance and business just doesn't add up.

This highly controversial and thought provoking book, written in a light and humorous style will not only entertain but also challenge readers to question conventional wisdom.

This book provides a clear look at the antilogic of the business world and financial markets. It describes the background conditions that encourage the creation of antilogic and demonstrates how business personalities generate the antilogic concept.

Shows the antilogic created by accountants and looks at the role of cash and makes the
discovery that much of antilogic stems from accepting as money, something different
which is defined in the book as Vapourcash and Anticash

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Über die Autorin bzw. den Autor

BRUCE MCCOMISH has 20 years' experience in senior management roles with leading multi-national companies. His considerable boardroom expertise traverses products and services as wide-ranging as banking, food manufacture, cleaning products, forestry and mining in locations as far apart as the UK, Australia, New Zealand, US, Indonesia and Continental Europe.

He is a former Chief Financial Officer of National Australia Bank, in which capacity he was responsible for group-wide financial and management reporting, capital management, group funding, balance sheet quality, tax management, acquisitions and investor relations. His wide-ranging experience also includes, amongst others, the posts of Financial Director at Unilever Australia Ltd., Managing Director at Lever Industrial and Executive General Manager at North Ltd.

Bruce is currently Chairman and Chief Executive Officer of Burdett Buckeridge and Young, an Australian investment bank. He holds degrees in commerce and in economics and economic history and is a chartered accountant.

Von der hinteren Coverseite

Antilogic is the opposite to logic, not the absence of logic as in random or chaotic events but the mirror image of logic, in a similar relationship that antimatter has to matter. It is the systematic pursuit of a course of action that may on the surface appear rational or impressive but in reality is little more than a generator of vapour. As with a looking-glass, if the reality and its mirror image meet they negate each other.

The word, 'Antilogic' has very early origins having been associated with the Sophists in ancient Greece. It is, however, alive and strong in the modern world of business and finance. All too frequently people have difficulty in distinguishing logic from Antilogic and cash from Vapourcash. Most people will be familiar with examples of Antilogic, such as share prices that drop on good results and poor managers who are given golden farewells or large salary increases while good staff is worked to exhaustion.

This thought-provoking book challenges conventional wisdom and helps readers to see through the vapour. It sweeps through time and over continents, from the Yap islanders to the English mercantilists, from Groucho Marx to the indigenous peoples of Papua New Guinea. The author's wide-ranging knowledge and his astute business expertise will challenge, delight and inform the reader.

Aus dem Klappentext

This is a book that challenges the way we look at the world. It is a book for everybody who sometimes feels that they have fallen into a looking-glass world and they do not know how to get out, and for those who are so deeply in this reverse world that they do not even recognize they are there. Rich in history, philosophy and anecdote combined with the author's astute business expertise, this book examines the workings of the modern business world and recognizes that it is often driven by Antilogic.

Topics include:
* Believing because of the way things are and why we think the way we do

* Believing the corporation

* Guided by the market

* Believing the words

* Believing the numbers: the contribution of the accountants

* Believing the numbers: the contribution of the statisticians

* The amazing role of cash

* Vapourcash explained: cash not as real as you thought

* Anticash explained: Anticash and the history of money

* Anticash: the bankers and the accountants

* Anticash: more real than you hoped

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