‘Warriors’ welcome tourists in Yue Fei Temple during National Day holiday

‘Warriors’ welcome tourists in Yue Fei Temple during National Day holiday

(People’s Daily Online)    09:16, October 01, 2013

A large scale martial arts performance will be held during this year’s golden week in Yue Fei Temple scenic area in Tangyin County, central China’s Henan Province, to demonstrate the place’s historical and cultural connotations, nurture and promote national spirit, and heighten the festive atmosphere. Performances with a variety of martial arts skills and historical stories will bring tourists a visual and spiritual feast. Situated in the southeast corner of the Tangyin County and covering more than 6,000 square meters, Yue Fei Temple was firstly built in 1450 (Ming Dynasty). The temple was originally called Jing Zhong Temple (Loyal and Honesty Temple), and was built in memory of Yue Fei, a courageous general who lived during the southern Song dynasty.

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Netflix and Berkshire Hathaway share this management philosophy that could save your company millions

Netflix and Berkshire Hathaway share this management philosophy that could save your company millions

By David Larcker and Brian Tayan 11 hours ago

The litany of prominent corporate failures in the last decade—Enron, WorldCom, Lehman Brothers, and so on—ushered in an increase in regulatory requirements for corporate governance. The result is that every year, companies spend tens of millions of dollars on incentive compensation, director salaries, audit fees, internal auditors, and compliance efforts to satisfy a long list of rules, regulations, and procedures imposed by legislators and the market. It all raises a critical but too often overlooked issue: Would corporate governance improve if companies instead had fewer controls? Would shareholders be better off if organizations instead demonstrated more trust in employees and executives? Research suggests that the answer may be yes, and that companies might benefit by emphasizing trust over regulations. Indeed, high trust settings are characterized by less bureaucracy, simpler procedures, and higher productivity. Read more of this post

Loving what you do is not enough; ask yourself how much pride you take in the work you do. If you can honestly say your work fills you with pride then, and only then, will you be truly invested

Loving what you do is not enough

ON OCTOBER 1, 2013

Everywhere you turn, the advice is the same. Love your work. Love your startup. Do what you love, and you’ll never work again. In the startup world, it seems the Beatles were right, all you need is love. But when it comes to being the best you can be in work and life, there is something else that nobody talks about anymore. A few months ago, I was reading an incredible book about World War II pilots, and I started thinking about what made these young men, barely more than children in their early 20s, risk their lives in the skies over Europe. It surely wasn’t love, and the book never candy-coats how terrified they were. Love, passion, hustle, and all the things startup entrepreneurs talk about had absolutely nothing to do with it. They put aside their fears and did what they had to do out of a sense of pride. Read more of this post

Aswath Damodaran on Rebirth and Reincarnation: Escaping the corporate death spiral

Friday, September 27, 2013

Rebirth and Reincarnation: Escaping the corporate death spiral

Aswath Damodaran

The Chinese saying ( 生, 老, 病, 死 = you are born, get old, get sick and die) that I quoted in my last post may be realistic, but it is not exactly an uplifting calling for life and it is no wonder that you look for an escape from its strictures. One option that almost every religion offers is the possibility of an afterlife, cleverly tied to how closely you follow that religon’s edicts. For corporations approaching the end stages of their life cycle, this option is a non-starter, since there is no corporate heaven (unless you count starring in a Harvard case study or in a TV show as heavenly) or hell (though bankruptcy court comes awfully close). The other option is the possibility of a rebirth or reincarnation, in a different life, if you are Shirley Maclaine, or in the same life, if you manage to redefine yourself. After all, we are uplifted by stories of people who having experienced that rebirth; athletes who transition to successful business people (Magic Johnson) or actors who become presidents (Ronald Reagan). On this count, corporations have an advantage over individuals since they are legal entities that can reinvent themselves, while holding on to their corporate identities.  Read more of this post

Aswath Damodaran on The Brand Name Advantage: Valuable, Sustainable and Elusive

Tuesday, October 1, 2013

The Brand Name Advantage: Valuable, Sustainable and Elusive

The Interbrand rankings of the top brand names in the world are out. As always, they have created buzz in the financial press, with the big news story being the displacement of Coca Cola from its perennial number one spot and the rise of technology companies (Apple and Google have the first two spots and there are four other tech companies in the top ten) in the rankings. Here is the listing of the top ten brand names from 2012 and 2013:


Interbrand, in addition to ranking the brands, also provides estimates of value with Apple’s brand name value estimated at $98.3 billion and Coca Cola’s at $79.2 billion. Read more of this post

The oft-forgotten basics of negotiation; The process involves more than sitting down and discussing the issues

October 1, 2013 5:05 pm

The oft-forgotten basics of negotiation

By John Kay

The process involves more than sitting down and discussing the issues

Fifty years ago, the economist Thomas Schelling applied the new mathematical tools of game theory in fields ranging from everyday disagreements to international politics. Prof Schelling’s work was inspiration for Stanley Kubrick’s Dr Strangelove. It won him a Nobel Prize in 2005. Negotiation over divisive issues has never seemed so central to news events. A Democratic president is engaged in repeated budget confrontations with a Republican House of Representatives. The international community struggles to address Syria. And I have been thinking how, if Scotland were to vote for independence, the process of negotiation would unfold. Read more of this post

GoPro’s Newest Ad Shows The Most Stunning Self-Shot Imagery In Extreme Sports

GoPro’s Newest Ad Shows The Most Stunning Self-Shot Imagery In Extreme Sports

GEOFFREY INGERSOLL OCT. 1, 2013, 10:39 AM 13,451 3

The military’s favorite durable little camera just got smaller, faster and stronger. The Hero3 provides a wider angle and crisper image, at a 20 percent reduction in size and weight. The new ad going with it is nothing short of stunning.

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