R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
February 19, 2014 Leave a comment
AussieCommerce heads up-market, eyes IPO
Published 13 February 2014 09:48, Updated 14 February 2014 09:07
James Hutchinson
Jeremy Same and Adam Schwab of Deals.com.au. Photo: Josh Robenstone
The chief executive of fast-growing online retail outfit AussieCommerce, Adam Schwab, says the company is moving away from group-buying deals as it mulls a public listing on the Australian Securities Exchange. Read more of this post
February 19, 2014 Leave a comment
Business is not a decathlon: why entrepreneurs should concentrate on one thing at a time
Published 13 February 2014 08:54, Updated 14 February 2014 09:07
Vaughn Richtor
If there’s one thing entrepreneurs tend to excel at, it’s identifying opportunities.
Asking the question “what if . . . ?” and coming up with creative ideas are an entrepreneur’s forte, and the cornerstone on which many great businesses are built. The question is: if so many businesses start with great ideas, then why do so many businesses fail? Read more of this post
February 19, 2014 Leave a comment
Caitlin Fitzsimmons Online editor
How I built Roses Only, why I sold it, and what’s next: founder James Stevens
Published 13 February 2014 11:56, Updated 14 February 2014 09:07+font-fontprintEmail page
RosesOnly founder James Stevens is “bullish about Asia”. Photo: Nic Walker
For James Stevens, the sale of Roses Only in Australia and New Zealand to Jack Singleton’s FlowersCorp is only the end of the beginning.
Stevens retains the right to the Roses Only brand and owns the associated domain name in every market outside Australia and New Zealand and he has big growth plans for Asia. Read more of this post
February 19, 2014 Leave a comment
TURKISH NEXT-GENS PUSHING FOR PROFESSIONALISATION
ARTICLE | 14 FEBRUARY, 2014 10:35 AM | BY JESSICA TASMAN-JONES
Turkish next-gens are placing greater importance on corporate governance and professionalisation of their family businesses than preceding generations, according to new research released today.
In total only 52% of family businesses in the country have a succession plan for the next generation, and only 23% have an estate plan, according to Turkish wealth builders: Family businesses cultivate economic growth, completed by Campden Wealth in conjunction with UBS. Read more of this post
February 19, 2014 Leave a comment
Fiona Smith Columnist
Ummm, what are we doing this year?: big disconnect between managers and staff discovered
Published 12 February 2014 12:23, Updated 13 February 2014 08:57
If the boss has a plan, one-third of empoyees don’t know what it is.
A survey taken last week finds that 83 per cent of leaders and managers claim to have a business plan for 2014, but only 66 per cent of employees agree.
The survey was conducted by Leadership Management Australasia and its CEO, Andrew Henderson, says it is concerning that one-third of employees says their organisations have started the new work year without a plan. Read more of this post
February 19, 2014 Leave a comment
Age and Scientific Genius
Benjamin Jones, E.J. Reedy, Bruce A. Weinberg
NBER Working Paper No. 19866
Issued in January 2014
Great scientific output typically peaks in middle age. A classic literature has emphasized comparisons across fields in the age of peak performance. More recent work highlights large underlying variation in age and creativity patterns, where the average age of great scientific contributions has risen substantially since the early 20th Century and some scientists make pioneering contributions much earlier or later in their life-cycle than others. We review these literatures and show how the nexus between age and great scientific insight can inform the nature of creativity, the mechanisms of scientific progress, and the design of institutions that support scientists, while providing further insights about the implications of aging populations, education policies, and economic growth.
February 19, 2014 Leave a comment
Why major creative breakthroughs happen in your late thirties
By Olga Khazan, The Atlantic an hour ago
James Murphy, the former frontman of the band LCD Soundsystem, made what he called the biggest mistake of his life at 21, when he turned down a writing job on a sitcom that was about to launch.
The sitcom’s name was Seinfeld. Read more of this post
February 19, 2014 Leave a comment
Graduate glut: 12,000 new lawyers every year
February 14, 2014
Edmund Tadros
Law students are being urged to look beyond the legal field for career options, as a massive oversupply of graduates floods into a tough job market.
The number of law students has doubled in the past decade, with more than 12,000 graduates now entering a job market that comprises about 60,000 solicitors each year. Read more of this post
February 19, 2014 Leave a comment
Why New Zealand is the new Ireland
February 14, 2014
New Zealand’s economy has been the subject of plenty of hype lately, but some say a reality check is coming, and it’s going to hurt.
New Zealand is “like Ireland in 2007” and it’s only a matter of time before its currency takes a hit according to one analyst. Read more of this post
February 19, 2014 2 Comments
The fumbles that led to Forge Group’s demise
February 15, 2014
CEO David Simpson, a former rugby player, was tripped by projects that cost him the game.
For David Simpson, it was pretty much the dream job: his first gig as chief executive of his own public company.
After an extensive background in the construction sector, working for ABB and Leighton, he had most recently run UGL’s resources arm, a $1 billion business. So stepping up to run his own show was the opportunity of a lifetime. Read more of this post
February 19, 2014 Leave a comment
Australia needs to smarten up its act with manufacturing exports
February 15, 2014
Georgia Wilkins, Ruth Williams.
The decline of large-scale manufacturing leaves a gap for hungry small businesses to fill
Hybrid Electronics is the kind of business that has been touted as the future of local manufacturing.
The Melbourne-based company’s highly skilled workforce makes high-tech products for a niche market. Read more of this post
February 19, 2014 Leave a comment
BIG SPENDERS: THE RISE OF THE SPEND-OUT FOUNDATION
ARTICLE | 13 FEBRUARY, 2014 11:20 AM | BY TESS DE LA MARE
The study of philanthropy is an imprecise science and there is no formula that can predict why a wealthy individual would decide to give and to which causes, much less why they would decide it’s time to stop. Read more of this post
February 19, 2014 Leave a comment
2014-02-14 16:50
Deloitte Anjin faces credibility crisis
Accounting firm suspected of inflating Ssangyong’s losses
Accounting firm suspected of inflating Ssangyong’s losses
By Na Jeong-ju
Deloitte Anjin is at risk of losing market trust because of allegations that it “deliberately” inflated potential losses of Ssangyong Motor to help it cut more than 2,600 jobs in 2009.
Last week, an appeals court ruled that the layoffs were invalid because it was based on the accounting firm’s “wrong” evaluation of Ssangyong’s value. If the ruling is upheld by the Supreme Court, the fired Ssangyong workers will get their jobs back. Read more of this post
February 19, 2014 Leave a comment
Once upon a time, China anointed a ‘King of Japan’
FEB 15, 2014
In 1401, barely a century after the Mongols’ aborted invasions of Japan, and 600-odd years before Japan and China fell out over the Senkaku islets, a Chinese emperor conferred upon a Japanese shogun the title “King of Japan.” Read more of this post
February 19, 2014 Leave a comment
The power behind Olympic glory: IOC soaked in stupendous wealth, mystery and controversy
Jen Gerson | February 14, 2014 | Last Updated: Feb 14 11:25 PM ET
It’s impossible not to marvel at the spectacle and camaraderie of the Olympics — to be awestruck by athletes who have devoted their lives with monomaniacal intensity to perfecting a sport.
Yet behind the dramas and heartbreak that catch the world’s attention, few wonder how the games are run and funded. Read more of this post
February 19, 2014 Leave a comment
The ‘Made in Canada’ brand: Does it even make any economic difference?
Armina Ligaya | February 15, 2014 7:00 AM ET
Canada enjoys an enviable reputation around the world for being a stable and friendly economic powerhouse with wide expanses, and, of course, a hockey-loving, maple-syrup churning, multicultural population. Read more of this post
February 19, 2014 Leave a comment
Ian Bremmer is President of Eurasia Group and the author of Every Nation for Itself: Winners and Losers in a G-Zero World.
David Gordon, a former director of policy planning in the US State Department, is Chairman and Head of Research at Eurasia Group.
FEB 14, 2014
NEW YORK – When it comes to economic reform, China’s leaders no longer believe that time is on their side. With a new sense of urgency, President Xi Jinping and his inner circle are attempting one of the most ambitious economic and social-policy reform plans in history. Read more of this post
February 19, 2014 Leave a comment
Hooked: A Guide to Building Habit-Forming Products Paperback
by Nir Eyal (Author) , Ryan Hoover (Contributor)
Why do some products capture our attention, while others flop?
What makes us engage with certain products out of habit?
Is there a pattern underlying how technologies hook us?
This book introduces readers to the “Hook Model,” a four steps process companies use to build customer habits. Through consecutive hook cycles, successful products reach their ultimate goal of bringing users back repeatedly — without depending on costly advertising or aggressive messaging. Read more of this post
February 19, 2014 Leave a comment
The Ernest Hemingway App For Writers Who Can’t Write Good
BY CALE GUTHRIE WEISSMAN
ON FEBRUARY 14, 2014
It’s one thing to write something, another thing to draft something memorable and eloquent. Quite obviously this is what separates the legends from those of us who write endless drivel. But is good writing something that’s programmable? Two brothers seem to think so. Or at least want the world to think they think so. Read more of this post
February 19, 2014 Leave a comment
Updated: Friday February 14, 2014 MYT 4:05:51 PM
China $160 mln investment vehicle misses payments
SHANGHAI: A US$160mil investment vehicle sold by China’s second-largest bank has missed four scheduled payments, state media reported, as fears grow that potential financial sector defaults could roil markets in the world’s second-biggest economy.
The “Songhuajiang River No.77” product, which raised a total of 972.7 million yuan (US$160mil) in six tranches, had failed to repay investors’ capital and interest four times by early February, the 21st Century Business Herald reported late Thursday.
Investors were also informed by Jilin Province Trust, which structured the product, that they will not receive the fifth payment due on February 19, according to the report.
China Construction Bank promoted the scheme, which funded a coal company, as a “risk-free and high-yield” investment, promising annual returns of 9.8 percent, investors told the paper.
The news comes after a possible default on a $500 million investment product, sold by the country’s largest bank ICBC and also backed by a loan to a debt-ridden coal firm, was averted in late January just three days ahead of deadline.
Analysts worry that China likely faces further problems in the trust sector.
A total 5.3 trillion yuan worth of trust products will mature this year, up 50 percent from 2013, state media have reported, citing research from Haitong Securities.
Default on such investment products would send a shockwave through China’s multi-trillion dollar “shadow banking” system – a massive network of lending outside formal channels – in the world’s second-largest economy, analysts said.
With the “Songhuajiang River No.77” product, the coal firm it was supposed to fund, Shanxi Liansheng Energy, filed for bankruptcy reorganisation in November last year after incurring around 30 billion yuan of debts.
“As far as we know, there’s no problem with the firm’s assets. The firm is negotiating with investors,” 21st Century Business Herald cited Jilin Province Trust as saying.
“We are all very anxious,” the official Shanghai Securities News on Wednesday quoted an investor as saying ahead of the February 19 maturation. Read more of this post
February 19, 2014 Leave a comment
Published: Saturday February 15, 2014 MYT 12:00:00 AM
Hong Kong’s financial future hangs on getting the right mix
Hong Kong’s financial future hangs on getting the right mix
HONG Kong is currently engaging the public on its population policy. The policy paper is a very informative and educational document, full of useful statistics and asks what the citizens want for their own people, in terms of quantity and quality. Read more of this post
February 19, 2014 Leave a comment
Updated: Saturday February 15, 2014 MYT 10:34:05 AM
Johor chokes on property
BY WONG WEI-SHEN AND ZAZALI MUSA
The extra property supply would not pose an issue if foreign developers were attracting foreign buyers rather than targeting only domestic buyers.
THE property market in Johor, particularly Iskandar Malaysia, might be a case of too much too soon. Read more of this post
February 18, 2014 Leave a comment
A Family Office for the Superrich, and Lessons for the Less Wealthy
FEB. 14, 2014
STEVEN A. COHEN, the billionaire hedge fund manager, has been in the news for a string of insider trading convictions of current or former portfolio managers at his SAC Capital Advisors. But less attention has been given to his decision to convert his hedge fund into a family office to free himself fromSecurities and Exchange Commission regulations. Read more of this post
February 18, 2014 Leave a comment
Lego Builds an Empire, Brick by Brick
By GREGORY SCHMIDTFEB. 14, 2014
In this week’s top-grossing children’s movie, not only skyscrapers but actors built of tiny bricks inhabit a rather dystopian world known as “Lego-verse.”
That new realm, in “The Lego Movie,” which earned a near record-breaking $69.1 million when it debuted last weekend, represents the Lego Group’s first foray onto the big screen. Read more of this post
February 18, 2014 Leave a comment
Politics, Fed could whip up new emerging markets storm
Fri, Feb 14 2014
By Natsuko Waki
LONDON (Reuters) – A stabilization in emerging marketsafter January’s rout may turn out be the calm before the storm if political flare-ups and Fed policies provide the spark for the next round of selling. Read more of this post
February 18, 2014 Leave a comment
Rent-seeking culture dampens entrepreneurial spirit
Saturday, Feb 15, 2014
The Straits Times
SINGAPORE – Property developers and agents should refrain from using words and phrases like “unnerving” and “not sustainable” when referring to the current state of the property market (“CDL chief calls for review of property cooling measures”; last Saturday). Read more of this post
February 18, 2014 Leave a comment
Medicines Made in India Set Off Safety Worries
By GARDINER HARRISFEB. 14, 2014
NEW DELHI — India, the second-largest exporter of over-the-counter and prescription drugs to the United States, is coming under increased scrutiny by American regulators for safety lapses, falsified drug test results and selling fake medicines.
Dr. Margaret A. Hamburg, the commissioner of the United States Food and Drug Administration, arrived in India this week to express her growing unease with the safety of Indian medicines because of “recent lapses in quality at a handful of pharmaceutical firms.” Read more of this post
February 18, 2014 Leave a comment
February 14, 2014 6:10 pm
Emerging-world fashions that change with the seasons
By Mohamed El-Erian
Over-enthusiasm for emerging markets is just one fashion I have seen in the past 16 years, says Mohamed El-Erian
As I prepare to step down from Pimco at the end of March, emerging markets are once again in the news for all the wrong reasons. In Argentina the currency has collapsed, Thailand and Ukraine are riven with political conflict, and Turkey is shaky. Read more of this post
February 18, 2014 Leave a comment
February 14, 2014 4:48 pm
Brazil housing bubble fears as economy teeters
By Samantha Pearson in São Paulo
Thalita de Jesus Moreira had just given birth to her fifth child when she moved to New Palestine, a vast squatter settlement on the outskirts of São Paulo.
Her landlady had left her with little choice, she says – late last year the monthly rent for her family’s bedsit nearby was increased to R$500 ($207), almost as much as the minimum wage her husband was earning as a caretaker at a factory. Read more of this post
February 18, 2014 Leave a comment
February 14, 2014 8:02 pm
‘This is your coffee calling – buy me’
By Daniel Thomas in London and Tim Bradshaw in San Francisco
Cakes that send smartphone messages to passing hungry shoppers will soon be on the shelves of coffee shops as the British high street prepares to adopt one of the latest US technologies.
A shopper walking down a supermarket cereal aisle could be pinged with details of a special offer on cornflakes. Someone standing at the counter in a café might be sent a message tempting them to buy a cake. Read more of this post
咬定青山不放松，立根原在破岩中。 千磨万击还坚劲，任尔东西南北风。
Bamboo Innovator 