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September 20, 2010

Art of Choosing Named Business Book of the Year Award Finalist

The honor recognizes the year's must-read business books.

The Art of Choosing (Twelve Books/Hachette Book Group) by Sheena Iyengar, the S. T. Lee Professor of Business, has been named one of six finalists for the 2010 Financial Times and Goldman Sachs Business Book of the Year Award, which recognizes business books that provide “the most compelling and enjoyable insight into modern business issues.”

Now in its sixth year, the award provides a guide to must-read business books. Lionel Barber, Financial Times editor and chairman of the judging panel, said the books on the list of finalists combined “compelling narrative with trenchant analysis of the big questions facing the business and financial world, two years on from the collapse of Lehman Brothers.”

In The Art of Choosing, Iyengar incorporates research in decision science alongside anecdotes from her own experiences as a first-generation American to explore the art and science of making wise decisions. Among many stellar reviews, the New York Times called the book “refreshingly thought-provoking” and Newsweek praised it as “a masterful, and masterfully written, collection of research.”

The other five finalists are The Facebook Effect by David Kirkpatrick (Simon & Schuster); The Big Short by Michael Lewis (W. W. Norton & Company); More Money than God by Sebastian Mallaby (Penguin); Fault Lines by Raghuram Rajan (Princeton University Press); and Too Big to Fail by Andrew Ross Sorkin (Viking).

The winner will be selected in New York on October 27, 2010, at a dinner that evening. Vartan Gregorian, president of the Carnegie Corporation of New York, will make the keynote speech to an audience from the worlds of publishing, media, finance, economics, and business.

More than 200 books were considered for the award by a panel of distinguished judges, which included last year’s winner, Liaquat Ahamed, who went on to win a Pulitzer Prize for his book Lords of Finance (Penguin); Helen Alexander, president of the CBI, the UK business association; Lionel Barber, editor of the Financial Times; Lynda Gratton, professor of management practice at London Business School; former European commissioner Mario Monti, president of Milan’s Bocconi University and the Bruegel think-tank; Jorma Ollila, chairman of Nokia and Royal Dutch Shell; and Shriti Vadera, former UK government minister and adviser to South Korea’s G20 presidency.