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Kraft Heinz shares fall as appetites wane
The food giant's stock hits a record low after it writes down the value of key brands.


US and China extend trade talks
US President Donald Trump says a deal is "more likely" than not.


BMW and Daimler invest €1bn in new car venture
The German carmakers combine to develop next-generation pay-per-use and autonomous services.


Nike app for self-tying shoe comes undone
The Google Android app that controls the new Adapt BB fails to sync with wearers' feet.


Ministers spend £100m on Brexit consultant contracts
The government has agreed £104m of Brexit consultancy and other contracts since the referendum.



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Business Secrets of the Trappist Monks: One CEO's Quest for Meaning and Authenticity

by August Turak

Published by Columbia Business School Publishing


What a highly successful, centuries-old practice can teach the corporate world and how it can bring more meaning to one's career.

In addition to his work as an entrepreneur, corporate executive, and consultant, for the last sixteen years August Turak worked alongside the Trappist monks of Mepkin Abbey, watching firsthand as they undertook new enterprises and sustained an incredibly successful business practice.

Service and selflessness are at the heart of this 1,500-year-old monastic tradition's remarkable business success, an ancient though immensely relevant economic model that preserves what is positive and productive about capitalism while transcending its ethical limitations and internal contradictions. Combining the lessons he's learned from thirty years of business experience with intimate portraits of the monks at work, Turak shows how Trappist principles have been successfully applied in a variety of business settings. He demonstrates how the monks and such agnostics as Warren Buffett are wildly successful not despite their fanatical commitment to the highest principles but because of them. Turak also points to other "transformational organizations" that share critical components of the abbey's philosophy conducive to success.


pub date: 2013-07-02 | Hardcover | 9780231160629