Money Ball Book Summary

Jose Garcia Romero
BAD 10
Monday, April 14
Book Review

Money Ball: The Art of Wining an Unfair Game by, Michael Lewis

When I think of business the first thing that comes to mind is management. Having a good management is one of the biggest keys to a successful business. Most people’s first thought when it comes to professional sports, is not how much of complex business it is. The book “Money Ball” by Michael Lewis is the perfect example of how complex and strategic the professional sport industry is. This book applied to me due to the fact that its a heart warming success story about a down and out baseball team overcame the odds against powerhouse wealthy teams in baseball. This book is full of valuable information that anyone who
Managers need to be willing to adopt changes and exercise new processes to overcome deficiencies. The future is uncertain and not risk-averse, but by avoiding naïve predictions and implementing well evaluated processes, risks can be minimized. It is important for the managers to have inside out knowledge of the processes and all factors affecting it in order to manage them effectively. Ideal scenario would be where the managers have gone through the process themselves, like Billy, to avoid being intimidated by unknown variables. This also helps in understanding the relative effect of one input on another and prevent discounting the incorrect one. Billy Bean having been a player himself was well knowledgeable of the process as opposed to managers of other teams. This helped him understand the minutiae of the game and mindset of the players, and so no one was able to intimidate him against setting new standards. Managers need to employ rational thinking in order to be successful in a competitive market. They need to anticipate and be prepared with options to counter their competitor’s moves. They can send out innuendos into the market that would help them achieve their goals by altering their competitor’s decisions. Managers can also learn the art of selling what people want to buy by taking Billy’s example. He realized that he could make a profit by ‘pumping
He was the right person to interpret his knowledge and innovative ways of managing a professional baseball team. To this day Michael continues to write about business and economics. With his back round and education he is a very credible writer and I hope to read more of his work in the future because it contains strong business knowledge. The book money ball is for anyone who in interested in business management and the use of new innovative technology and how to use that to your advantage. My main lesson that I got from the book was to think to the future and to sometimes not to do what your competitors do. The fact that Billy thought his way he was able to stay one step ahead of the curve and make the most out of his budget. This book did have some ideas that ran counter to the conventional ways of how a team was run and managed at the time but in the end it was for the best for the team. To be successful in business you need good management Money Ball is a perfect example of that, to anyone who wants to add to there business knowledge this is an amazing and valuable