Tablet Mania

There has been a surge of new tablet announcements lately. Kobo rushed out four new versions (Glo, Mini, Touch and Arc) to beat Amazon to the punch with their announcement of the Kindle Paperwhite and Kindle Fire HD. And both of these companies are in a race to grab market share from the recently introduced iPad with Retina Display, the Samsung Galaxy Tab 10.1, the Barnes&Noble Nook Color and Nook Touch with Glowlight and the Google Nexus 7.

How a person decides which one of these tablets to buy is becoming a daunting task, especially since many of the tablets also have various screen sizes, screen types, functionality and wireless access options. CNET posted a great article last month taking consumers through the choices and options, but unfortunately it didn’t include the latest models from Kobo and Amazon.

What it really comes down to is how and where you’re going to use your tablet. If you just want to read books and newspapers, then you’re best off going with the Amazon Kindle or B&N Nook e-readers. If you want to browse the internet, watch movies, play games and more, then you want the iPad, Galaxy Tab 10.1 or Google Nexus 7, and if you want a device with some of the benefits of both, then you have the Kindle Fire and Nook Color in the middle.

Having all of these choices has also become a challenge for content publishers like Soundview. Our solution has been to develop and adjust our available formats to work with most devices, while launching apps specifically for iOS and Android devices.

What does the future hold? Most likely, over time some manufacturers are going to lose market share to the point that they drop out of the mix (BlackBerry?). And when the dust settles let’s hope we have a few clear options with standards for content formats. Consumers deserve to be able to purchase content from any source, and have access to it no matter what device they’re using. We’ll see if this is just a pie-in-the-sky wish or not.

Counterintuitivity: The New Normal

In a recent article in Wired, Clive Thompson writes about “The Slipping Point: Why everything you know about the counterintuitive big idea is wrong. Maybe.”

In his article, Thompson points to the trend in books which basically tell us that everything we know is wrong. He raises two possible conclusions: 1. “When you live with an ever-expanding surplus of research and factoids, it may paradoxically make you increasingly unmoored from what you actually believe – so you’ll swallow anything,” Or 2. “Perhaps our willingness to have basic beliefs overturned is a sign of intellectual health.”

Well, I hope that the reality is #2! We have noticed this same trend in the books that we summarize and review here at Soundview. Thompson mentioned three of the books that we’ve summarized; Talent is Overrated by Geoff Colvin, The Upside of Irrationality by Dan Ariely, and Drive by Daniel Pink. Here are some other recent titles that also fit this mold:

Perhaps it does take something completely counterintuitive to get our attention these days. But I think that at the core these titles demonstrate that the world is changing radically and swiftly. We must reconsider all of our assumptions about business and be willing to try radically different solutions in order to succeed in this ever-changing world.

While there are basic business principles that don’t change, that list is becoming shorter with the proliferation of online business, mobile access and an interconnected world. Our  business model here at Soundview has changed completely in the last 10 years and we continue to adjust to the ever-changing needs of our clients. It’s the only way to survive. So don’t ignore those counterintuitive book titles!

Handing Over the Reins to the Consumer

For those who have not been keeping up on the big news in the e-book publishing industry, the DOJ (Department of Justice) recently brought a lawsuit against the 5 big publishers and Apple for price-fixing, based on their agreement to use the “agency” price model. The publishers made this move to gain back control of pricing from Amazon and it worked.

This story has quite a lengthy and complex history, which Charles Stross does a great job of explaining in detail in his blog of April 14th. One of Stross’ points is that publishers got themselves into this mess with Amazon by insisting on DRM (digital rights management) protection for their books.

Publishers were concerned about the pirating of their books, but in the process of protecting the content they made it much harder for customers to consume the books they had purchased on the device they preferred. So Amazon gained a monopoly by developing the Kindle and locking books to one device.

Years ago, when Soundview began publishing business book summaries in digital form, we had this discussion about DRM as well. We researched software, devices and customer preferences and came to the conclusion that what’s best for our customers was to provide them with summaries in as many formats as possible to provide them with flexibility. Could someone take advantage of the lack of DRM protection? Certainly, but we believed that what’s best for the customer would also be best for us in the long run.

This has indeed proven to be the case as this flexibility has allowed us to move quickly to provide our book summaries in formats for the latest devices for individuals, and to provide our content in the ways that work for our corporate clients as well.

Let’s hope that publishers learn this lesson soon before they’re put out of business by competitors who are willing to adapt.

The Advantages of Business Book Summaries

I won’t detail the whole history of Soundview Executive Book Summaries since our beginnings back in 1978, but suffice it to say that we’ve learned a lot about business content summarization over the past 34 years.

While technology has changed; from paper, to cassette tape, to CD, and then on to digital formats like PDF, MP3, EPub and Apps – the two core advantages of concentrated knowledge have not. What all executives need is dependable content they can get through quickly, while retaining the key information.

  • Dependable Content – the proliferation of content on the internet has made it almost impossible to know when information is of high quality and from trustworthy sources. In a recent study by Bersin Research, they concluded that content libraries like Soundview’s “take much of the guesswork out of finding quality on-demand content.”

Our editorial staff reviews the books of all the major business publishers, and many smaller ones as well, to find books to then recommend to our professional review board. They choose the titles that meet our high standards to become among the 30 best business books of the year.

  •  Retaining Key Information – When reading an entire book, it’s difficult to find and retain the key points that can really make a difference to your business. Research done at Carnegie Mellon soon after Soundview began publishing book summaries demonstrated that information gained from reading a summary was more easily retained for a longer period of time then the same information in a book.

Our summaries condense 250 to 600 pages of a typical business book down to an 8 page text and 20 minute audio summary. This enables busy executives to get the key ideas of a book quickly and retain those ideas long enough to do something with them.

Of course time doesn’t stand still, and so now we’ve entered into a period where more business people are choosing to learn from video. To enhance the summarization experience, we’ve added video introductions to our summaries for the iPad format, plus a new video series called Executive Insights which interviews executives that are out in the trenches of American companies practicing what our summaries teach.

If you haven’t already, take a minute to sample one of our summaries for free. Try it on your computer, smartphone, tablet or e-reader and let us know what you think. We’re always working to meet the changing needs of busy executives.

Can Apple Help Business Books?

The press is all abuzz about Thursday’s Apple announcement at the Guggenheim museum in New York. While rumors have been circulating for weeks, two reports seem to have an inside scoop worth noting.

The Wall St Journal reported yesterday that Apple is working with education publishers to transform textbooks, and of course this will happen on the iPad. But ars technica added a twist to the story by releasing information about a “garage-band for e-books”, software that will be available for any author or publisher to use to create interactive textbooks.

This new development, if true, could indeed transform the textbook industry and the educational process. Not only will these new “iTextbooks” allow students to interact with the content, they will also open the way to social engagement around the information. Students will be able to add content, links and notes, and share this information with fellow-students and teachers. Each textbook will thus become a platform for learning rather than a one-dimensional text.

We’ll all get the scoop on this new innovation tomorrow, but in the mean time this has me thinking about the possible implications for business books. Up to this point, business book authors have had limitations as to how they could innovate with their books. Some authors have connected the printed text to websites where interactivity can take place.

But imagine instead that this interaction can now take place right in the book itself. There’s no reason that this “garage-band for e-books” can’t be applied to business information as well. Imagine that you’re reading The Performance Pipeline by Stephen Drotter and you want to implement his concepts to move work more efficiently through your company. Managers at each level could have a copy of the iTextbook, and as they read through it they could take notes and share them with other managers. The book could also provide a framework for implementation that could be filled in by the managers as a plan takes shape.

This could make any business book transformational within a company or organization, as the ideas take on life within the company. And for personal success titles, tools could be provided to help an individual learn and implement the principles in their daily life.

At Soundview we’re already on our way to implementing this type of learning environment with our iPad book summary that includes text, audio and video components. But we too could use that next step of software to help with the interactive piece. Let’s see what Apple can deliver.