A little bit of both, I'd say.
Part of a series created by Matthew Frederick, this book by Michael Preis is an eclectic itemized collection of business concepts, jargon and quotes that anyone versed in the practice of business should be familiar with. For sure, it isn't a comprehensive collection -- no list of 101 things can hope to be -- nor a sufficiently technical one -- because to be effective, lists have to be concise (as this one is). Yet given these limitations, the book has obvious appeal because it is an accessible hodgepodge of intelligent things to know about what it means to run a business, all in one tidy little package.
In this regard, I'd say that 101 Things I Learned in Business School would be most appreciated by the soon-to-graduate-into-the-real-world rather than the seasoned businessperson. No doubt, there is good value to be had from the book as resource material in an office library, but it's the type of book that's likely to be glossed over by executives with plenty of experience.
I would suppose the same holds true for most of the other books that belong to the 101 Things I Learned(TM) series.
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