Monday 7 December 2015

Start-up Nation: The Story of Israel's Economic Miracle - Book Review

START-UP NATION addresses the trillion dollar question: How is it that Israel-- a country of 7.1 million, only 60 years old, in a constant state of war since its founding, with no natural resources-- produces more start-up companies than large, peaceful, and stable nations like Japan, China, India, Korea, Canada and the UK?

With the savvy of foreign policy insiders, Senor and Singer examine the lessons of the country's adversity-driven culture, which flattens hierarchy and elevates informality-- all backed up by government policies focused on innovation. In a world where economies as diverse as Ireland,Singapore and Dubai have tried to re-create the "Israel effect", there are entrepreneurial lessons well worth noting. As America reboots its own economy and can-do spirit, there's never been a better time to look at this remarkable and resilient nation for some impressive, surprising clues.

Where does this culture come from? Mainly, the Israeli military. "You have minimal guidance from the top," Messrs. Senor and Singer write, "and are expected to improvise, even if this means breaking some rules.



Quote from page 52:
"I was in Israeli army units where we threw out the officers," Oren told us, "where people just got together and voted them out. I witnessed this twice personally. I actually liked the guy, but I was outvoted. They voted out a colonel." When we asked Oren in disbelief how this worked, he explained, "You go and say, 'We don't want you. You're not good.' I mean, everyone's on a first-name basis... You go to the person above him and say, 'That guy's got to go.'... It's much more performance-oriented than it is about rank. "The phrase 'It was not my fault' does not exist in the military culture”.

Israel is a country, it seems, where everyone knows everyone.
A good business book , a good history book for people bored by history, and a good Israel book