Broken Business by José R. Hernandez
What is Broken Business about?
This book looks at why scandals, misconduct, and corruption happen within businesses.
The author, José R. Hernandez, then goes own to teach you how to get out of such a crisis and how to prevent one from happening.
Along the way, Hernandez uses his own personal stories of working with some very large corporate clients to help him illustrate the points that he is trying to teach.
I have never read (or heard of) another book on this subject.
This book is not for me…
…because I work in my own little world of one.
I’m self-employed and my goal every day is to build new passive income streams and grow them.
I very much operate as an individual and therefore the teachings in this book do not really apply to me.
However, that does not mean I didn’t find the book interesting – I did! ..and I learned a lot of new stuff!
One of my key takeaways being that misconduct is inevitable in any business. Hernandez explains how corporate corruption begins and that it is largely down to human nature.
Now, although this book is not written for someone in my single self-employed position, it’s a perfect book for anyone who is in a leadership or managerial role – you don’t have to be the CEO to get value from it!
The book’s structure
Hernandez has created 7 steps that you can follow to help reform your company. He calls this ‘The Empowering Integrity Process’.
These 7 steps are then broken down into 2 sections.
Steps 1-4 cover ‘the problem’ and details how to get yourself out of a crisis. This section covers the process to reform, the legal system, how to work with the authorities, and what your desired goals should be in order to reach a favorable resolution.
Steps 5-7 cover ‘the solution’ and details how to prevent a crisis from happening in the first place. This section covers how to set up the desired procedures and environment to deter misconduct, how to identify and manage misconduct should it arise, and how to integrate a good ethics and compliance program.
At the beginning of the book, the author states that if you are currently in a crisis, then you need to read the whole book. But if you are not in that unfortunate situation, then you can skip to section 2 (steps 5-7), however, I would still recommend reading the whole book so that you can get the full understanding of the problem.
My overall thoughts
Broken Business has been very well thought out and scores high on the Quality of Information.
There’s more to this book that what you first might think, and it certainly opened my eyes and gave me a greater understanding and appreciation for the complexity of the subject.
I would go as far as to say that it is necessary reading for anyone who is in charge of a medium to large scale enterprise.
Have you read Broken Business?
This review is my own personal and honest opinion.
If you have read Broken Business, I’d love to hear your thoughts on the book. Drop me a comment below and don’t forget to give the book your own score out of 10 by using the Reader rating bar above.