We all lose if failure is punished too harshly; It is easy to gloat over flops but the fact is that business cannot succeed without risk

November 12, 2013 3:53 pm

We all lose if failure is punished too harshly

By Luke Johnson

It is easy to gloat over flops but the fact is that business cannot succeed without risk

Isuppose we are all fascinated by entrepreneurs going broke. Perhaps it is envy at work, possibly morbid curiosity, in some cases a desire to see justice served – or is it simply that such tales are full of human drama? The massive recent coverage of the fall of Brazilian tycoon Eike Batista, with extensive features in the Financial Times, The Wall Street Journal and Bloomberg Businessweek, is a classic study of how the media love to focus on a collapse – no doubt because it evokes the readers’ interest. Similarly, the bankruptcy of the Quinn empire in Irelandhas received huge attention – Gavin Daly and Ian Kehoe have even written a book on the subject called Citizen Quinn. Read more of this post

K Anji Reddy: Innovator Forever: With his consistent focus on new ideas, K Anji Reddy encouraged several of his colleagues to start their own businesses

K Anji Reddy: Innovator Forever

by Seema Singh | Nov 13, 2013

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With his consistent focus on new ideas, K Anji Reddy encouraged several of his colleagues to start their own businesses

I always believed that whatever the West has done, we could do as well and I’ve proved it time and again,” said K Anji Reddy during a conversation a few months before he passed away in March 2013, at the age of 72. Much before innovation became fashionable, and eventually inevitable, he invested in research and within three years licensed new molecules to multinationals, beginning 1997. Much before globalisation became commonplace, he took Dr Reddy’s Laboratories (DRL) global in the early 1990s and set up businesses in the regulated markets of the US, Europe as well as in Russia. And much before entrepreneurship became cool, he, a first-generation entrepreneur, vitalised the entrepreneurial culture of Hyderabad, encouraging several of his colleagues and employees to start their own businesses. Today, at least a dozen sizeable companies and scores of ancillary businesses can trace their origin to the company that Dr Reddy started in 1984. So infectious was the influence that the founders of Divi’s Laboratories, MSN Laboratories and Virchow Laboratories even carried forward the name ‘Laboratories’ with them. Read more of this post

Take a Crooked Path to Growth; Successful companies don’t grow in a straight line. Here are three ways growing companies manage their growth through the ups and downs

Take a Crooked Path to Growth 

KARL STARK AND BILL STEWART

Successful companies don’t grow in a straight line. Here are three ways growing companies manage their growth through the ups and downs. There is no cookie-cutter approach to growth. Success stories never turn out the way they were meant to be. When entrepreneurs set out to build a business, they have grand plans about investment, customer acquisition, and eventual stardom. They show a typical hockey-stick chart that shows investment and low revenues in the first few years, followed by a sudden and sustained surge of astronomical growth. Read more of this post

Here’s What The Swedes Get Right About Parenting That Americans Don’t

Here’s What The Swedes Get Right About Parenting That Americans Don’t

KATRINA ALCORNMAXED OUT: AMERICAN MOMS ON THE BRINK NOV. 12, 2013, 3:43 PM 10,229 25

Editor’s note: The following excerpt is from Maxed Out: American Moms on the Brink” by Katrina Alcorn. The book tells Alcorn’s personal story of managing her career, children, and marriage, and what she learned about “having it all.”

Available from Seal Press, a member of the Perseus Books Group. Copyright 2013. pgs. 349-351

The poet William Blake said, “What is now proved was once only imagined.”

Let’s take a moment to imagine a world where more people are involved in the work of caring for children. And by people I mean, specifically, er . . . men. How could this one fact change our government policies, the dynamics of the workplace, and our relationships with each other?  Read more of this post

Powering Employees With More Than a Paycheck

NOVEMBER 10, 2013, 4:35 PM

Powering Employees With More Than a Paycheck

By TONY SCHWARTZ

More than two-thirds of employees around the world, a recent Gallup poll found, feel disengaged, dispirited and fatigued at work. Why is that? A value proposition is no more than the promise of a fair deal: I provide you with something you want and, in exchange, you give me something I consider worth the trade. That trade between employers and employees, since the dawn of capitalism, has been time for money. Read more of this post

At Multibillion Dollar Finnish Startup Supercell, You Absolutely HAVE To Take Off Your Shoes

At Multibillion Dollar Finnish Startup Supercell, You Absolutely HAVE To Take Off Your Shoes

MEGAN ROSE DICKEY NOV. 12, 2013, 1:36 PM 2,024 2

Finnish startup Supercell has a strict policy: No shoes allowed in the office, ever. Well, you can wear shoes, but just not the ones you wear outside, Business Insider has learned.  Supercell wants its office to feel like home, so it requires its employees to take their outdoor shoes off. That means a lot of people are walking around in their socks.  Check out the proof below.  Shoes on shoes on shoes

2013-11-12 05.54.27

 

The great middle-class identity crisis; ‘Fewer stay in the same profession for life. We are ceasing to be our jobs’

November 8, 2013 12:09 pm

The great middle-class identity crisis

By Simon Kuper

‘Fewer stay in the same profession for life. We are ceasing to be our jobs’

Ionce had dinner in San Francisco with a group of independent bookshop owners. How, I asked them, do people end up running their own bookshops? Oh, they said, there was a set route, pretty much the equivalent of taking holy orders. Read more of this post

For Better Performance, Hedge Funds Seek the Inner Trader; The industry is increasingly turning to self-help programs, sometimes referred to as “mindware” products, to try to improve its game

NOVEMBER 11, 2013, 1:42 PM

For Better Performance, Hedge Funds Seek the Inner Trader

By ALEXANDRA STEVENSON

In the hedge fund industry, as in sports, performance is everything. So after several years of lackluster performance, the industry is increasingly turning to self-help programs, sometimes referred to as “mindware” products, to try to improve its game. To cater to this demand, a whole new cottage industry has cropped up in which statisticians track performance data, and coaches and psychiatrists work to help hedge fund managers make smarter decisions by getting them to talk about their personal histories and biases. The thinking goes that if an athlete can use coaches, why not traders? Read more of this post

80 N Koreans executed for watching TV drama from South: report

80 N Koreans executed for watching TV drama from South: report

Staff Reporter

2013-11-13

About 80 North Korean citizens were ordered to be executed on Nov. 3 for the crime of watching television dramas from South Korea, according to the South’s JoongAng Ilbo newspaper. Read more of this post

Steve Jobs On Android Founder Andy Rubin: ‘Big, Arrogant …”

Steve Jobs On Android Founder Andy Rubin: ‘Big, Arrogant …”

JAY YAROW NOV. 12, 2013, 11:05 AM 14,281 45

Steve Jobs did not like Android, or the guy that ran it, Andy Rubin, according to a new book on the Google-Apple smartphone wars. Jobs told friends that he thought Rubin was a “big, arrogant f**k,” according to Fred Vogelstein’s, Dogfight: How Apple And Google Went To War And Started a Revolution. When Apple introduced the iPhone in 2007, Google was already working on Android, its own smartphone operating system. Google bought Android, which was Rubin’s startup, for ~$50 million in 2005.  According to Dogfight, when Apple announced the iPhone, Rubin realized he would have to throw out what he was thinking of launching. Read more of this post

This Is Allegedly A Photo Of An Uncooked McRib

This Is Allegedly A Photo Of An Uncooked McRib

ASHLEY LUTZ NOV. 12, 2013, 1:52 PM 13,976 12

We normally see the McRib cooked and covered in colorful barbecue sauce. A photo posted by Reddit user DJDanaK claims to show the McRib without any of the fixings. “My buddy works at McDonald’s and sent me this photo of raw McRib meat,” DJDanaK writes. We can’t verify the photo’s authenticity, but the frozen meat patty does resemble a McRib.  Judge for yourself:

mcrib-8

And this, of course, is what the McRib looks like in all its sauce-covered glory:

mcrib-10

Where credit is due: Starting from a simple loan, credit markets have featured many innovations as well as costly crises

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Woven into the industrial fabric; Andrew Seal bought recession-hit mills to protect his wool business

November 12, 2013 5:55 pm

Woven into the industrial fabric

By Andrew Bounds

Thirty-five years ago the young Andrew Seal was getting used to being sent away with a flea in his ear. As he traipsed round the textile mills of Bradford, which had until recently been the woollen capital of the world, trying to sell raw fibre, “they told me to come back when I’d been around a while,” he says. Now he owns many of the famous mills that turned him away. SIL Holdings, started by his fatherin 1970, has not only become one of the biggest remaining British woollen operations, but it is credited by many with saving parts of the domestic industry from recent near collapse.

Read more of this post

McDonald’s Coffee Is Driving Away Customers

McDonald’s Coffee Is Driving Away Customers

ASHLEY LUTZ NOV. 12, 2013, 12:35 PM 6,384 12

McDonald’s has spent years offering new coffee products to compete with Dunkin’ Donuts and Starbucks. But the McCafe is starting to hurt business at McDonald’s, Howard Penney, managing director at Hedgeye Risk Management, tells Yahoo! Finance. “They went too far on the beverage initiative beginning in 2009 and really hurt the core business,” Penney tells Yahoo!. “They’re really losing customers at lunch and the stores are a little too inefficient because of the distractions they’ve put into the stores.” Read more of this post

Asia stock exchanges and watchdogs grapple with HFT dilemma

November 12, 2013 12:31 pm

Asia stock exchanges and watchdogs grapple with HFT dilemma

By Jeremy Grant

A curious thing happened recently on SGX, the Singapore exchange. In a matter of hours, about S$8bn (US$6.4bn) was wiped off the combined market value of three little-known stocks. Shares in Blumont Group, Asiasons Capital and LionGold Corp slumped after mysterious trading activity that has been blamed on everything from aggressive short selling to outright market manipulation or insider trading. Read more of this post

Twitter in Asia: too open, too crowded, too difficult; That’s why some Twitter users in South Korea and Japan say they are spending less time on the site or have quit for other services

Twitter in Asia: too open, too crowded, too difficult

AP

NOV 9, 2013

SEOUL – That’s why some Twitter users in South Korea and Japan say they are spending less time on the site or have quit for other services. After selling shares in a highly anticipated initial public offering, Twitter is set to face minute ongoing scrutiny from a legion of new shareholders and Wall Street investment analysts. Read more of this post

Is China a global innovation powerhouse?

Is China a global innovation powerhouse?

Defending the motion

Edward Tse  

Senior Executive Advisor, Greater China, Booz Allen Hamilton

SOEs will continue to play a big part in China, but most of the innovation will come from private companies.

Against the motion

Anne Stevenson-Yang  

Founder and Research Director, J Capital Research

China has the building blocks for innovation but is thwarted by government domination of the economy. Read more of this post

164-year-old commodities trading house Ecom enters cocoa and coffee top league; Esteve family mantra: “volume is vanity, profits are sanity”

November 12, 2013 8:52 am

Ecom enters cocoa and coffee top league

By Emiko Terazono in London

Armajaro Trading purchase puts publicity shy group in spotlight

Even within the publicity shy commodities industry, Ecom Agroindustrial is considered one of the least known of the trading houses. Yet the 164-year-old company is about to become one of the leading players in cocoa and coffee after it acquires the trading arm of London-based Armajaro, the commodities and hedge fund group co-founded by veteran cocoa trader Anthony Ward. Read more of this post

A Jolt to Complacency on Food Supply; The negative effects of global climate change on agriculture are expected to get worse, experts say, raising deep concerns about the global food supply in the decades to come

November 11, 2013

A Jolt to Complacency on Food Supply

By JUSTIN GILLIS

For a look at what climate change could do to the world’s food supply, consider what the weather did to the American Corn Belt last year. At the beginning of 2012, the Agriculture Department projected the largest corn crop in the country’s history. But then a savage heat wave and drought struck over the summer. Plants withered, prices spiked, and the final harvest came in 27 percent below the forecast. Read more of this post

The Worst Starbucks Product Flops Of All Time

The Worst Starbucks Product Flops Of All Time

HAYLEY PETERSON NOV. 11, 2013, 5:27 PM 25,641 1

Melody Overton

After decades of domination in the coffee market, Starbucks is now entering brand new territory with the launch of 1,000 tea bars over the next five years. The company has clearly had success introducing hundreds of new drinks and other coffee products over the years. But along the way, Starbucks has also had its fair share of flops.  Carbonated coffee, liquid chocolate and a brief foray into the magazine industry are a few of Starbucks’ ventures that have failed. Melody Overton, a Seattle attorney who runs the blog StarbucksMelody.com, helped us compile some of the most notable failures in the company’s 42-year history. She originally posted a list of flops on Quora. Read more of this post

Larsen & Toubro chief warns of India investment crunch

November 13, 2013 3:41 am

Larsen & Toubro chief warns of India investment crunch

By James Crabtree in Mumbai

AM Naik, the head of Larsen & Toubro, India’s largest infrastructure company by sales, is a man with a warning – that his country’s struggling economy faces a sustained investment crunch that will continue to force major industrial groups to seek growth abroad. Over the past decade, L&T has cemented its reputation as India’s premier engineering and construction conglomerate, earning $14bn in revenues during the past financial year with operations ranging from roads and port construction to power equipment and shipbuilding. Read more of this post

India still wary about shopping online; Ex-Asos boss to list Indian venture on Aim

Last updated: November 12, 2013 4:54 pm

India still wary about shopping online

By Amy Kazmin in New Delhi

For largely bricks and mortar retailers such as Marks and Spencer India presents a big challenge, with an acute shortage of suitable physical space for modern shops, sky-high rents and a geographically diffuse potential customer base, spread across megacities and scores of smaller cities and towns. Read more of this post

Indonesia in frame for cinema shake-up; Indonesia’s influential Riady family is making a pitch to shake up the tightly controlled cinema industry to break the stranglehold of Cinema 21 which has nearly 600 of the country’s 700 screens

November 12, 2013 2:30 pm

Indonesia in frame for cinema shake-up

By Ben Bland in Jakarta

They have led the way in shopping malls, private hospitals and luxury cemeteries and now Indonesia’s influential Riady family is making a pitch to shake up the tightly controlled cinema industry in southeast Asia’s biggest economy. The family’s Lippo group is planning to open its first cinema next year and roll out hundreds more screens as it tries to break the stranglehold of Cinema 21, which gained a monopoly on Hollywood film distribution during the Suharto dictatorship. Read more of this post

A gambling scandal is spreading throughout Korea’s showbiz industry as opportunities to place bets and wagers are increasingly available online

2013-11-13 17:11

Celebrities’ gambling

A gambling scandal is spreading throughout the nation’s showbiz industry as opportunities to place bets and wagers are increasingly available online.
Earlier this week, the prosecution accused a handful of celebrities of illegal online gambling. So far, five popular entertainers have been questioned for gambling big sums on sports betting websites. Among them are singers Tony An and Andy; top comedian Lee Soo-geun; and TV personalities Tak Jae-hoon and Lee Min-ho, better known by his stage name Boom. Read more of this post

KakaoTalk operator trapped by fund shortfall as venture business

KakaoTalk operator trapped by fund shortfall as venture business

Won Yo-hwan

2013.11.13 15:21:12

Kakao, operator of South Korea’s largest mobile messenger KakaoTalk, is facing hard times. KakaoTalk grew exponentially until last year, spurring the mantra “whatever KakaoTalk does becomes success.” But the mobile phone messenger application is not as influential as it used to be. Its competitors Line and WeChat, meanwhile, are gaining edges in the global market. Eyes are on how Kakao, the big player in the mobile start-up industry, will break through the situation. What has been undermining the KakaoTalk’s platform?  Read more of this post

South Korea’s derivatives market, once the world’s largest by trading volume, is suffering a sharp drop in liquidity as stricter regulations damp appetite and drive investors to neighbouring markets in China and Japan

November 12, 2013 9:40 am

South Korea’s derivatives decline threatens equity trade

By Song Jung-a in Seoul

South Korea’s derivatives market, once the world’s largest by trading volume, is suffering a sharp drop in liquidity as stricter regulations damp appetite and drive investors to neighbouring markets in China and Japan. The country was the world’s top derivatives trader until 2011 thanks to heavy retail investor activity in equity derivatives. Last year it fell to fifth ranked in the world, and is now not even in the top 10 as retail investors deserted the market after regulators raised the entry barriers against them. Read more of this post

Waiting for Chaebol reform

2013-11-12 17:13

Waiting for Chaebol reform

Bernard Rowan
When I first visited Korea, I learned about chaebol. Chaebol refer to Korea’s large business conglomerates, often centered on a particular family.
In 1998, LG, Hyundai, Daewoo, Samsung, and SK were the main chaebol.  I looked up at the names of associated buildings, apartment complexes, gas stations, industrial concerns, electronics stores, and automobile dealers and saw these business titles.  Read more of this post

Why does the new iPhone have a 64-bit processor?

Why does the new iPhone have a 64-bit processor?

Nov 12th 2013, 23:50 by G.F. | SEATTLE

SINCE its resurgence in the late 1990s, Apple has generally shied away from trumpeting processor speeds, cache sizes or other technical details in its marketing materials, preferring to emphasise what its products can do, rather than what is inside them. It does make exceptions, however, as in the case of the recent launch of the iPhone 5s, its new flagship smartphone. Executives hyped its “64-bit” A7 processor, which they asserted had desktop-computer performance and could complete some tasks twice as quickly as the 32-bit chip in its previous model. Rivals, bloggers and technology-news sites disparaged its claims, saying that there was no good reason to put a 64-bit chip in a smartphone except to claim bragging rights. Anand Chandrasekher, the chief marketing officer of Qualcomm, a rival technology firm, told Techworld: “Predominantly…you need it for memory addressability beyond 4GB [gigabytes]. That’s it. You don’t really need it for performance.” Yet the performance boost is there, as independent benchmark testing confirms. Why has Apple made the jump to 64 bits? Read more of this post

Sequoia Capital Invests in Berlin Start-Up

NOVEMBER 12, 2013, 12:01 PM

Sequoia Capital Invests in Berlin Start-Up

By MARK SCOTT

LONDON – For many European start-ups, connections to Silicon Valley are still viewed as a sign of success. In the latest deal, 6Wunderkinder, a Berlin-based maker of an online task application, announced on Tuesday that it had raised $19 million in a new round of investment led by Sequoia Capital. Read more of this post

Outside-the-box innovations seen in next generation of video games

Outside-the-box innovations seen in next generation of video games

NOV 11, 2013

LOS ANGELES – The next generation of gaming is nearly here, but what about the generation after that one? Sony and Microsoft are launching their new superpowered consoles in the coming weeks. However, gamemakers at last week’s Game Developers Conference Next in Los Angeles were already contemplating outside-the-box innovations — from wearable controllers to illuminated living rooms — that might follow the PlayStation 4 and Xbox One. Here’s a glimpse at five big ideas pondered at GDC Next: Read more of this post

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