The 2023 edition of the FT’s Business Book of the Year Award is surpassing all expectations, with a record number of entries already received. Last year saw over 600 books submitted for the award, but this year’s entry count is on track to break that record.

• Publishers have already entered more than 300 titles for the 19th book prize.
• The award offers a prize of £30,000 and entries will be accepted until June 30.

The FT Business Book of the Year Award, inaugurated in 2005, aims to honor authors who provide the most compelling and entertaining views of business issues. The winning title receives a prize of £30,000, while the other five shortlisted titles each receive £10,000.

FT Editor Roula Khalaf, known for her expertise in the business field, is once again chairing this year’s judging panel. Last year, the panel selected Chris Miller’s “Token War” as the winner, describing it as a timely account of the battle for global supremacy in semiconductor production, which Khalaf called “one of the greatest economic and business stories of our time.”

While you wait for this year’s winner, here’s a recommended read for those interested in the business world. Check out Anne Hathaway and Jared Leto in the series “WeCrashed” on Apple TV+.

Since 2005, the FT Business Book of the Year Award has recognized outstanding works that explore diverse aspects of the business realm. Past winners have included investigations, biographies, histories, polemics, and analysis of geopolitics, economics, markets, and finance, among other topics. Notable winners include:

• Nicole Perlroth – “That’s How They Tell Me the World Ends” (2021) – A sobering look at the cyber arms race.
• Sarah Frier – “Unfiltered” (2020) – Illuminating the rise of Instagram.
• Caroline Criado Perez – “Invisible Women” (2019) – Exposing gender bias.
• John Carreyrou – “Bad Blood” (2018) – Unveiling the Theranos scandal.

The FT Business Book of the Year Award is open to all books published for the first time in English within the 12-month period leading up to November 15. Submissions are invited from bona fide publishers or labels based in any country.

The selection process follows these key stages:

1. A long list of about 15 books will be agreed upon in August.
2. The judges will then select up to six finalists for the shortlist, to be announced in September.
3. The final winner will be named in December.

Business books provide a wealth of knowledge and insights, allowing readers to gain a deeper understanding of various aspects of the business world. Beyond the winners of the FT Business Book of the Year Award, there are many other noteworthy titles worth exploring. Here are some thoughts to consider:

The Power of Investigative Journalism

Investigative journalism plays a crucial role in uncovering corporate scandals and exposing deceptive practices. Books like “Bad Blood” by John Carreyrou highlight the importance of in-depth investigations and the impact they can have on the business landscape.

Gender Bias and Equality

Caroline Criado Perez’s “Invisible Women” shines a spotlight on the pervasive gender biases that still exist in various industries. By delving into the topic of gender inequality, this book invites reflection and underscores the need for more inclusive practices in business.

Technological Advancements and Risks

With the rapid advancement of technology, books like Nicole Perlroth’s “That’s How They Tell Me the World Ends” offer insights into the ever-growing cyber arms race. Understanding the risks and vulnerabilities in the digital age is crucial for businesses to protect themselves and their stakeholders.

Social Media and its Impact

Sarah Frier’s “Unfiltered” delves into the rise of Instagram and its impact on society and business. It explores the immense power of social media platforms and how they shape our lives, relationships, and even the economy.

These examples merely scratch the surface of the vast array of business books available. Reading such books not only expands our knowledge and understanding but also equips us with valuable insights and perspectives that can be applied in our own entrepreneurial endeavors or corporate roles.

Every year, the FT Business Book of the Year Award celebrates the most compelling and entertaining books that offer unique perspectives on business issues. The 2023 edition is expected to break last year’s record with over 600 entries. The award recognizes a wide range of genres, including investigations, biographies, and geopolitical analyses.

Past winners have covered topics such as the cyber arms race, gender bias, technological advancements, and the impact of social media. With each new winner, readers gain valuable insights into the ever-changing world of business.

The process of selecting the winner involves creating a long list of potential titles, narrowing it down to a shortlist, and ultimately declaring a winner in December. Overall, the FT Business Book of the Year Award not only highlights exceptional books but also serves as a reminder of the importance of thoughtful and captivating storytelling in the business world.