Financial Times Business Book of the Year Award explained

Financial Times Business Book of the Year Award
Awarded For:	Best business book of the year
Presenter:	Financial Times
Sponsor:	Financial Times (2005–present) Schroders (2023-present) McKinsey & Company (2014–2021) Goldman Sachs (2005–2013)
Host:	Financial Times
Location:	London
Country:	England
Reward:	£30,000
Holder:	Amy Edmondson for Right Kind of Wrong: Why learning to fail can teach us to thrive (2023)

Financial Times Business Book of the Year Award is an annual award given to the best business book of the year as determined by the Financial Times. It aims to find the book that has "the most compelling and enjoyable insight into modern business issues".^[1] The award was established in 2005 and is worth . Beginning in 2010, five short-listed authors each receive, previously it was .^[2]

The award's principal partner was Goldman Sachs from 2005 to 2013, when it was known as the "Financial Times and Goldman Sachs Business Book of the Year Award". McKinsey & Company supported the Business Book Award from 2014 until 2021, when it was known as the "Financial Times and McKinsey Business Book of the Year Award".

Since 2014, the Financial Times Business Book of the Year Award is presented at the same time as the Bracken Bower Prize for young business writers.^[3]

Winners and shortlist

Blue Ribbon = winner

2005

The shortlist was announced 20 September 2005,^[4] and the winner announced 24 November 2005.^{[5] [6] [7]}

• John Battelle, The Search: How Google and Its Rivals Rewrote the Rules of Business and Transformed Our Culture
• Steven Levitt and Stephen Dubner,
• Thomas Friedman, The World Is Flat: A Brief History of the Twenty-First Century
• Constantinos C. Markides, Paul Geroski, Fast Second: How Smart Companies Bypass Radical Innovation to Enter and Dominate New Markets
• Pietra Rivoli, The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power and Politics of World Trade
• James B. Stewart, DisneyWar

2006

The shortlist was announced 18 September 2006,^[8] and the winner announced 27 October 2006.^{[9] [10]}

• Chris Anderson, The Long Tail: Why the Future of Business is Selling Less of More
• Bo Burlingham, Small Giants: Companies that Choose to Be Great Instead of Big
• Charles Fishman, The Wal-Mart Effect: How the World's Most Powerful Company Really Works—and How It's Transforming the American Economy
• James Kynge, China Shakes The World: A Titan's Rise and Troubled Future – and the Challenge for America
• Marc Levinson,

2007

The shortlist was announced 25 September 2007,^[11] and the winner announced 25 October 2007.^[12]

• William D. Cohan, The Last Tycoons: The Secret History of Lazard Frères & Co.
• Alan Greenspan, The Age of Turbulence: Adventures in a New World
• Philippe Legrain, Immigrants: Your Country Needs Them
• Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable
• Don Tapscott and Anthony D. Williams, Wikinomics: How Mass Collaboration Changes Everything
• Iain Carson and Vijay Vaitheeswaran, ZOOM: The Global Race to Fuel the Car of the Future

2008

The shortlist was announced 18 September 2008 and the winner announced 14 October 2008.^{[13] [14]}

• William J. Bernstein, A Splendid Exchange: How Trade Shaped the World
• Tim Bouquet & Byron Ousey, Cold Steel: The Multi-billion-dollar Battle for a Global Industry
• Mohamed El-Erian, When Markets Collide: Investment Strategies for the Age of Global Economic Change
• Misha Glenny, McMafia: A Journey Through the Global Criminal Underworld
• Lawrence Lessig,
• Alice Schroeder,

2009

The longlist was announced 12 August 2009,^[15] the shortlist announced around 18 September 2009,^[16] and the winner announced 29 October 2009.^{[17] [18]}

• Liaquat Ahamed,
• Stephen Green, Good Value: Reflections on Money, Morality and an Uncertain World
• Nandan Nilekani, Imagining India: The Idea of a Renewed Nation
• Frank Partnoy, The Match King
• George Akerlof and Robert Shiller,
• David Wessel, In Fed We Trust

2010

The longlist was announced 9 August 2010,^[19] the shortlist was announced 16 September 2010,^[20] and the winner announced 19 October 2010.^{[21] [22]}

• Sheena Iyengar, The Art of Choosing
• David Kirkpatrick, The Facebook Effect: The Inside Story of the Company That Is Connecting the World
• Michael Lewis, The Big Short: Inside the Doomsday Machine
• Sebastian Mallaby,
• Raghuram G. Rajan,
• Andrew Ross Sorkin, Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System – and Themselves

2011

The longlist was announced on 9 August 2011,^[23] the shortlist was announced on 14 September^[24] and the winner was announced on 3 November 2011.^{[25] [26]}

• Abhijit V. Banerjee and Esther Duflo, Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
• Barry Eichengreen, Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System
• Edward Glaeser, Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier
• Margaret Heffernan, Willful Blindness: Why We Ignore the Obvious at Our Peril
• Richard Rumelt, Good Strategy Bad Strategy: The Difference and Why It Matters
• Daniel Yergin,

2012

The shortlist was announced on 13 September 2012.^[27] The winner was announced on 2 November 2012.^{[28] [29] [30] [31]}

• Daron Acemoglu and James A. Robinson, Why Nations Fail: The Origins of Power, Prosperity and Poverty
• John M. Coates, The Hour Between Dog and Wolf: Risk-taking, Gut Feelings and the Biology of Boom and Bust
• Steve Coll, Private Empire: ExxonMobil and American Power
• Walter Isaacson, Steve Jobs: The Exclusive Biography
• Michael J. Sandel, What Money Can't Buy: The Moral Limits Of Markets
• William L. Silber, Volcker: The Triumph of Persistence

2013

The longlist was announced in August 2013.^[32] The shortlist was announced on 18 September 2013.^[33] The winner was announced on 18 November 2013.^[34]

• Neil Irwin, The Alchemists: Inside the Secret World of Central Bankers
• Iain Martin, Making it Happen: Fred Goodwin, RBS and the Men Who Blew Up the British Economy
• Viktor Mayer-Schönberger and Kenneth Cukier, Big Data: A Revolution That Will Transform How We Live, Work, and Think
• Anita Raghavan, The Billionaire's Apprentice: The Rise of The Indian-American Elite and The Fall of The Galleon Hedge Fund
• Sheryl Sandberg, Lean In: Women, Work, and the Will to Lead
• Brad Stone,

2014

The longlist was announced 6 August 2014.^[35] The shortlist was announced 24 September 2014.^[36] The winner was announced 11 November 2014.^[37]

• Julia Angwin, Dragnet Nation: A Quest for Privacy, Security, and Freedom in a World of Relentless Surveillance
• Erik Brynjolfsson and Andrew McAfee, The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies
• Ed Catmull, Creativity, Inc. Overcoming the Unseen Forces that Stand in the Way of True Inspiration
• Nick Davies,
• Atif Mian and Amir Sufi, House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again
• Thomas Piketty, Capital in the Twenty-First Century

2015

The longlist was announced 12 August.^[38] The shortlist was announced 22 September.^[39] The winner was announced 17 November.^[40] The winner received £30,000, and £10,000 was awarded to each of the remaining shortlisted books.^[39]

• Martin Ford, The Rise of the Robots: Technology and the Threat of Mass Unemployment
• Jacquie McNish and Sean Silcoff, Losing the Signal: The Untold Story Behind the Extraordinary Rise and Spectacular Fall of Blackberry
• Nathaniel Popper, Digital Gold: The Untold Story of Bitcoin
• Anne-Marie Slaughter,
• Richard Thaler, Misbehaving: The Making of Behavioural Economics
• Stephen Witt, How Music Got Free: What Happens When an Entire Generation Commits the Same Crime?

2016

The longlist was announced 7 August.^[41] The shortlist was announced 9 September.^[42] The winner was announced 22 November.^[43]

• Iris Bohnet, What Works: Gender Equality by Design
• Duncan Clark, Alibaba: The House That Jack Ma Built
• Rana Foroohar, Makers and Takers: The Rise of Finance and the Fall of American Business
• Robert J. Gordon, The Rise and Fall of American Growth: The U.S. Standard of Living Since the Civil War
• Lynda Gratton and Andrew Scott, The 100-Year Life: Living and Working in an Age of Longevity
• Sebastian Mallaby, The Man Who Knew: The Life and Times of Alan Greenspan

2017

The longlist was announced 13 August.^[44] The shortlist was announced on 19 September.^[45] The winner was announced 7 November.^[46]

• David Enrich, The Spider Network: The Wild Story of a Maths Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History
• Amy Goldstein,
• Andrew W. Lo, Adaptive Markets: Financial Evolution at the Speed of Thought
• Brian Merchant, The One Device: The Secret History of the iPhone
• Ellen Pao, Reset: My Fight for Inclusion and Lasting Change
• Walter Scheidel, The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century

2018

The longlist was announced 13 August.^[47] The shortlist was announced on 14 September.^[48] The winner was announced 12 November.^[49]

• John Carreyrou,
• James Crabtree, The Billionaire Raj: A Journey Through India's New Gilded Age
• Alan Greenspan & Adrian Wooldridge,
• Annie Lowrey, Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World
• Mariana Mazzucato, The Value of Everything: Who Makes and Who Takes from the Real Economy
• Jeremy Heimans & Henry Timms, New Power: How Power Works in Our Hyperconnected World - and How to Make It Work for You

2019

The longlist was announced 10 August.^[50] The shortlist was announced 16 September.^{[51] [52]} The winner was announced 3 December.^[53]

• Caroline Criado-Perez,
• David Epstein,
• Christopher Leonard, Kochland: The Secret History of Koch Industries and Corporate Power in America
• Raghuram Rajan, The Third Pillar: The Revival of Community in a Polarised World
• Shoshana Zuboff, The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power
• Gregory Zuckerman, The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

2020

The longlist was announced 16 August.^[54] The shortlist was announced 23 September.^[55] The winner was announced 1 December.^[56]

2021

The longlist was announced 15 August.^[57] The shortlist was announced on 24 September.^[58] The winner was announced on 1 December.^[59]

• Javier Blas and Jack Farchy, The World for Sale: Money, Power and the Traders Who Barter the Earth's Resources
• Patrick Radden Keefe, Empire of Pain: The Secret History of the Sackler Dynasty
• Robert Livingston, The Conversation: How Talking Honestly About Racism Can Transform Individuals and Organizations
• Michael E. Mann, The New Climate War: The Fight to Take Back Our Planet
• Nicole Perlroth, This Is How They Tell Me the World Ends: The Cyberweapons Arms Race
• Adrian Wooldridge, The Aristocracy of Talent: How Meritocracy Made the Modern World

2022

The longlist was announced on 14 August.^[60] The shortlist was announced on 22 September.^[61] The winner was announced on 5 December.^[62]

• Matthew Campbell and Kit Chellel, Dead in the Water: Murder and Fraud in the World's Most Secretive Industry
• Lulu Chen, Influence Empire: The Story of Tencent and China's Tech Ambition
• Gary Gerstle, The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era
• Sebastian Mallaby, The Power Law: Venture Capital and the Art of Disruption
• Chris Miller,
• Helen Thompson, Disorder: Hard Times in the 21st Century

2023

The longlist was announced on 14 August.^[63] The shortlist was announced on 21 September.^{[64] [65]} The winner was announced on 5 December.^[66]

• Ed Conway, Material World: A substantial story of our past and future
• Amy Edmondson, Right Kind of Wrong: Why learning to fail can teach us to thrive
• Bent Flyvbjerg and Dan Gardner, How Big Things Get Done: The surprising factors behind every successful project, from home renovations to space exploration and everything in between
• Walter Isaacson, Elon Musk
• Siddharth Kara, Cobalt Red: How the blood of the Congo powers our lives
• Mustafa Suleyman and Michael Bhaskar, The Coming Wave: AI, power, and the 21st century’s greatest dilemma

See also

• McKinsey Award for Best Article of the Year in The Harvard Business Review

External links

• Official website

Notes and References

1. News: Why there is a need for this award . Financial Times . Andrew. Gowers. 10 April 2005 . 30 May 2012.
2. Web site: Fault Lines – Raghuram G. Rajan wins the Financial Times and Goldman Sachs Business Book of the Year Award 2010 . Goldman Sachs . 27 October 2010 . 30 May 2012.
3. Web site: The Bracken Bower Prize . Financial Times . 30 December 2015.
4. Web site: Synopses of the short-listed books 2005 . Financial Times . 20 September 2005 . 30 May 2012.
5. Web site: Business Book of the Year 2005 . 24 November 2005 . Financial Times . 30 May 2012.
6. Web site: FT launches business book award . MediaWeek . 11 April 2005 . 19 September 2012.
7. "Friedman wins 'FT' award." Publishers Weekly 28 November 2005: 5. Literature Resource Center. Web. 30 September 2012.
8. Web site: Award shortlist announced 2006 . Financial Times . 18 September 2006 . 30 May 2012.
9. Web site: Business Book of the Year 2006 . Financial Times . 30 May 2012.
10. Web site: Kynge's 'China Shakes the World' Wins FT, Goldman Book Award . Bloomberg News . 27 October 2006 . James Pressley . 19 September 2012.
11. Web site: Shortlist revealed for Business Book Award 2007. Financial Times . 25 September 2007 . 30 May 2012.
12. Web site: Business Book of the Year 2007 . Financial Times . 25 October 2007 . 30 May 2012.
13. Web site: Business Book of the Year 2008 . Financial Times . 30 May 2012.
14. Allen, K. (2008). "El-Erian wins with FT/Goldman Sachs." The Bookseller, (5354), 12.
15. Web site: Longlist for FT business book of the year announced 2009 . 12 August 2009 . Financial Times . 30 May 2012.
16. Web site: The shortlist: Reading past and present financial runes . 17 September 2009 . Financial Times . 30 May 2012.
17. Web site: Liaquat Ahamed wins the FT Goldman Sachs Business Book of the Year Award 2009 . 29 October 2009 . Financial Times . 30 May 2009.
18. Web site: 6 Finalists Announced for FT/Goldman Sachs Business Book of the Year Award . 17 September 2009. Gloria McDonough-Taub . . 19 September 2012 .
19. Web site: Business Book Of The Year Award 2010: Longlist announced for the Financial Times and Goldman Sachs . 9 August 2010 . Financial Times . 30 May 2012 . 3 March 2016 . https://web.archive.org/web/20160303224016/http://aboutus.ft.com/2010/08/09/business-book-of-the-year-award-2010-longlist-announced-for-the-financial-times-and-goldman-sachs/ . dead .
20. Web site: Shortlist Announced for the Financial Times and Goldman Sachs Business Book of the Year Award 2010 . 16 September 2010 . Financial Times . 30 May 2012.
21. Web site: Raghuram G. Rajan wins the Financial Times and Goldman Sachs Business Book of the Year Award 2010 . 29 October 2010 . Financial Times . 30 May 2012.
22. Web site: The Best Business Book of 2010: 'Fault Lines' . . 28 October 2010 . Shira Ovide . 19 September 2012.
23. Web site: 2011 longlist . Financial Times . 9 August 2011 . 20 May 2012.
24. Web site: 2011 shortlist . Financial Times . 14 September 2011 . 30 May 2012.
25. Web site: Andrew Hill . 'Poor Economics' takes business book prize . Financial Times . 3 November 2011 . 30 May 2012.
26. Web site: "Poor Economics" Wins the Financial Times and Goldman Sachs Business Book of the Year Award 2011 . 4 November 2011 . Gloria McDonough-Taub . . 19 September 2012.
27. Web site: Biographies and economics dominate . Financial Times . Andrew Hill . 13 September 2012 . 15 September 2012.
28. News: The Financial Times. 2 November 2012. Exxon study wins FT book award. Andrew Hill. New York. 4 November 2012.
29. Web site: Steve Coll Wins FT/Goldman Prize for Exxon Mobil Study . https://archive.today/20130118195004/http://www.businessweek.com/news/2012-11-01/steve-coll-wins-48-000-ft-goldman-for-exxon-mobil-study . dead . 18 January 2013 . . Laurie Muchnick . 3 November 2012 . 4 November 2012.
30. Web site: FT and Goldman Sachs business book of the year longlist announced . Business & Leadership . 8 September 2012 . 19 September 2012.
31. Web site: Financial Times and Goldman Sachs Announce Shortlist for Business Book of the Year . 18 September 2012 . Gloria McDonough-Taub . . 19 September 2012.
32. Web site: Reading list that mixes low deeds and high hopes . Financial Times . Andrew Hill . 7 August 2013 . 21 September 2013.
33. Web site: Finalists that are worthy of a bruising debate . Financial Times . Andrew Hill . 18 September 2013 . 21 September 2013.
34. News: The Financial Times . Account of Jeff Bezos and Amazon wins Business Book of the Year. Andrew Hill . 18 November 2013 . 19 November 2013 .
35. Web site: From hacking to fracking, this year's cracking business titles . Financial Times . Andrew Hill . 6 August 2014 . 12 November 2014.
36. Web site: Shortlist unveiled for FT and McKinsey Business Book of the Year . Financial Times . Andrew Hill . 24 September 2014 . 12 November 2014.
37. Web site: Thomas Piketty's 'Capital' wins Business Book of the Year . Financial Times . Andrew Hill . 11 November 2014 . 12 November 2014.
38. Web site: Business Book Award longlist: must-read titles of 2015 . Financial Times . Andrew Hill . 12 August 2015 . September 24, 2015.
39. Web site: Business Book of the Year 2015 shortlist revealed . The Bookseller . 22 September 2015 . 24 September 2015.
40. Web site: Oneworld's Ford wins FT McKinsey Business Book award . . Katherine Cowdrey . November 18, 2015 . November 19, 2015.
41. Web site: Business Book of the Year award 2016: longlist announced . Financial Times . Andrew Hill . 7 August 2016 . 9 September 2016.
42. Web site: Bloomsbury has two on FT Business Book shortlist . The Bookseller . Natasha Onwuemezi . 8 September 2016 . 9 September 2016.
43. Web site: THE MAN WHO KNEW by Sebastian Mallaby wins the Financial Times and McKinsey Business Book of the Year Award 2016. Financial Times. 2016-12-06.
44. Web site: Business Book of the Year 2017 — the longlist . Financial Times . August 13, 2017 . Andrew Hill.
45. Web site: Business Book of the Year 2017 — the shortlist . 19 September 2017 . Financial Times.
46. Web site: Place matters: Janesville: An American Story wins 2017 Business Book of the Year Award . McKinsey . 7 November 2017 . 10 November 2017.
47. Web site: Business Book of the Year 2018 — the longlist . Financial Times . 13 August 2018 . Andrew Hill . https://archive.today/20180813064806/https://www.ft.com/content/47cff800-9a57-11e8-ab77-f854c65a4465 . 13 August 2018 . live . 13 August 2018 .
48. Web site: FT/McKinsey Business Book of the Year — the shortlist. Financial Times. subscription. 14 September 2018. 14 September 2018. https://archive.today/20180915101803/https://www.ft.com/content/cdf9d03e-b836-11e8-b3ef-799c8613f4a1 . 15 September 2018 . dead.
49. Web site: 'Bad Blood' wins the FT and McKinsey Business Book of 2018 . Financial Times . Andrew Hill . November 12, 2018 . November 12, 2018.
50. Web site: Business Book of the Year Award 2019 — the longlist . Financial Times . Andrew Hill . 10 August 2019 . September 15, 2019.
51. Web site: FT and McKinsey Business Book of the Year Award shortlist revealed . The Bookseller . Kate Mansfield . 16 September 2019 . 17 September 2019.
52. Web site: Business Book of the Year Award 2019 — the shortlist . Financial Times . Andrew Hill . 16 September 2019 . 17 September 2019.
53. Web site: Exposé of data gender bias wins FT/McKinsey book prize . Financial Times . Andrew Hill . 4 December 2019 . 4 December 2019.
54. Web site: Business Book of the Year Award 2020 — the longlist . Financial Times . 16 August 2020 . 23 September 2020.
55. Web site: FT/McKinsey business book of the year shortlist announced . Financial Times . Andrew Hill . 23 September 2020 . 23 September 2020.
56. News: The inside story of Instagram's rise wins the FT/McKinsey book prize. Financial Times . December 2020.
57. Web site: Business Book of the Year 2021 — the longlist . Financial Times . Andrew Hill . 15 August 2021 . 29 September 2021.
58. Web site: 2021-09-24. Shortlist revealed for FT and McKinsey Business Book of the Year. 2021-09-29. The Bookseller.
59. Web site: Sobering analysis of cyber weapons arms race wins FT/McKinsey book prize . Financial Times . Andrew Hill . 1 December 2021 . 2 December 2021.
60. Web site: Business Book of the Year 2022 — the longlist . Financial Times . Andrew Hill . 14 August 2022 . 14 December 2022.
61. Web site: Business book of the year 2022 — the shortlist . Financial Times . Andrew Hill . 22 September 2022 . 14 December 2022.
62. Web site: Account of the global chip battle wins FT book prize . Financial Times . Andrew Hill . 5 December 2022 . 14 December 2022.
63. News: Hill . Andrew . 2023-08-14 . Business Book of the Year 2023 — the longlist . Financial Times . 2023-10-04.
64. News: Hill . Andrew . 2023-09-21 . FT Business Book of the Year 2023 — the shortlist . Financial Times . 2023-10-04.
65. Web site: 2023-10-04 . FT Business Book of the Year Award shortlist . 2023-10-04 . Books+Publishing.
66. Web site: Amy Edmondson wins FT and Schroders Business Book of the Year . Financial Times . 5 December 2023 . 5 December 2023.