David And Goliath Summary

David and Goliath written by Malcolm Gladwell is a book on how we perceive the concept privilege. We often assume people with higher degree of privilege will benefits more from the society than those who does not. The author disagree and explain why this is not the case. Through out the book, he applies the economical concept the law of marginal diminishing return to explain stories of successful people that benefitted from being an underdog.

The story of David and Goliath is one the greatest stories on how an underdog succeeds in fighting a giant. Goliath is huge gigantic warrior, and society often associates him with having power while David is just merely a shepherd that never had any military training, now volunteered to fight against …show more content…
It starts next with how parenting and money relates. Conventional wisdom always tells us that the more money parents put into their kids, the more successful they will do in school. That is not always true. There is limit in that view. Yes, more money provides better opportunity for children to learn, but it stopped at some point. Beyond that point, more money will deteriorate children. The author also talked about how being a student in an average college gives better chance of success that being in an Ivy League …show more content…
Having more power is not necessarily better. There is limit to power. Thus, giving out more salary does not necessarily produce a better employee. It is true that the higher the salary, the higher the motivation to work. But this stops at some point, and if we insist in giving out higher salary beyond to optimal point, we are actually decreasing the efficiency of our employee. This is known as the law of diminishing marginal returns. To relate this concept with Human Resources Management, we can use this strategy in improving productivity in any company by not merely increasing the external rewards, but also the internal satisfaction. For example, making the workplace a fun place. Facebook and some other Silicon Valley companies make a full use of this. They turn their office into playground for adults. From what I know, Human Resources managers are aware of this and they do consider this in their Human Resource planning. Another way we can apply this concept is for a growing or starts up company that wants to attract the best talent into their company. Besides giving a reasonable salary, the Human Resource Manager should include intrinsic reward for working in their