Summary of What Investors and Businesspeople Can Learn from “The Selected Works of Mao Zedong”

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What Investors and Businesspeople Can Learn from “The Selected Works of Mao Zedong” summary
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Mao Zedong, or Chairman Mao, is arguably one of the most influential figures in history. The Selected Works of Mao Zedong details how the political theorist, military strategist, poet and visionary dealt with all sorts of thorny issues. The author of InvestJYT, a WeChat wemedia account that logs observations and thoughts on investment, spent half a year reading the five-volume collection of essays and explains the appeal the book has for investors and entrepreneurs in China. What readers may interpret as propaganda the author explains as necessary to boost morale during difficult times or, when ingratiating toward the beliefs and philosophies of the Soviet Union, as tactics to win powerful allies. Though you might want to approach anything written by Mao with skepticism, the article does an excellent job of looking at Mao's political and military campaign through a business lens. Mao's essays were the go-to guidebook for entrepreneurs and businesspeople in the early 90s through early 00s. However, as Huawei founder Ren Zhengfei decided, the book's leadership advice is helpful in building scale initially but not enough in the long run. Ren eventually moved away from Mao's strategies, implementing IBM's management styles instead. Nevertheless, this report would be helpful for anyone who seeks investment or business success in China.

In this summary, you will learn

  • What topics the essays in The Selected Works of Mao Zedong discuss,
  • What main lessons you can take away from the essays and
  • How you can apply Mao’s teachings to the business of investment.
 

About the Author

InvestJYT is a WeChat public account that records ideas and reflections on investment in the most reader-friendly language.

 

Summary

The Selected Works of Mao Zedong is required reading in high school and in some college classes in China as a part of civics and political science curricula. The older generations read the essays as doctrines and have memorized key quotes to be politically correct. But if you give The Selected Works of Mao Zedong a good, thorough read, you will find it to be neither propaganda nor lacking in substance. Mao’s writing focuses on solving specific problems that he faced, for example how to find and manage new recruits, what culture to instill in the troops, what to do if the party runs out of money and how to respond if followers want to quit. It also contains reflections on significant historical decisions. The chapters aren’t conceptual, but read like case studies. You needn’t feel like you’ve taken a political side by reading the book. Mao’s reflections are a must-read for anyone who seeks success in China in the early 21st century.


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