R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
March 18, 2014 Leave a comment
Updated: Thursday March 13, 2014 MYT 5:03:04 PM
Global shippers must tighten belt, China’s Cosco chairman says
BEIJING: Global shipping firms must prepare for another tough year as the glut in global capacity will continue to weigh on profits and margins, the chairman of China’s biggest shipping group, China Ocean Shipping Group Co (Cosco) said. Read more of this post
March 18, 2014 Leave a comment
Last updated: March 13, 2014 2:04 pm
Fresh corporate default tests China’s resolve
By Lucy Hornby and Jamil Anderlini in Beijing
China’s premier warned on Thursday that future defaults on bonds and other financial products were “unavoidable” as the failure of a steel mill in the north of the country to pay off loans risks triggering a cascade of bad debt. Read more of this post
March 18, 2014 Leave a comment
Another Trader Commits Suicide, Brings Total Recent Banker Deaths To 10
Tyler Durden on 03/13/2014 08:05 -0400
For a market that is flirting with all time highs on a daily basis, the recent banker and trader suicide epidemic seems oddly out of place. And yet, it continues to claim even more victims, with the latest casuality being Edmund Reilly, 47, a trader at Midtown’s Vertical Group, who as the Post reported, jumped in front of an LIRR train station yesterday at 6 am near the Syosset train station and was pronounced dead at the scene. Read more of this post
March 17, 2014 Leave a comment
Why is it so expensive to build a bridge in America?
The answer: Our greedy and undemocratic political culture
By Ryan Cooper | March 10, 2014
It’s become commonplace to note that U.S. infrastructure costs are very high. What is less appreciated is the staggering scale of the difference between American infrastructure costs and those of other nations. Like our health care, U.S. infrastructure isn’t just a tad higher than the next most expensive country — we pay something like twice as much as our closest peer (usually the U.K., which is itself a very expensive place). And when you compare America to, say, Spain, we’re talking order-of-magnitude differences. Read more of this post
March 17, 2014 Leave a comment
How Finance Gutted Manufacturing
Since the 1980s, financial market pressures have driven companies to hive off activities that sustained manufacturing
Monday, March 10, 2014
In May 2013 shareholders voted to break up the Timken Company—a $5 billion Ohio manufacturer of tapered bearings, power transmissions, gears, and specialty steel—into two separate businesses. Their goal was to raise stock prices. The company, which makes complex and difficult products that cannot be easily outsourced, employs 20,000 people in the United States, China, and Romania. Ward “Tim” Timken, Jr., the Timken chairman whose family founded the business more than a hundred years ago, and James Griffith, Timken’s CEO, opposed the move. Read more of this post
March 17, 2014 Leave a comment
10 Ways to Get Smarter, Be More Productive, and Do Everything with Zero Effort
March 9, 2014 by Shane Parrish
Why did you click? Was is for the promise of being awesome? Was it the ten ways to get smarter? Was it for the image that has nothing to do with the post? Read more of this post
March 17, 2014 Leave a comment
Why venture capitalists are suddenly investing in news
By Adrienne LaFrance March 12, 2014
Something curious is happening in the American news business.
Media organizations are hiring again. Promising young reporters are leaving stalwart publications for new newsrooms. And venture capitalists are pouring millions into nimble publishing startups. It’s a rare moment of optimism for an industry accustomed to doom and gloom. Read more of this post
March 17, 2014 Leave a comment
March 11, 2014: 1:50 PM ET
By Brad Tuttle
The suburban, car-loving, McMansion-owning parents of millennials represent Costco’s (COST) core customer base. But what about millennials themselves? Read more of this post
March 17, 2014 Leave a comment
Mar 13, 2014
As Stock Picking Comes Back In, ETF Use Goes Out
Here’s the latest evidence that stock picking is back: Investors are buying and selling fewer exchange-traded funds.
As big macroeconomic headlines recede, ETFs are falling out of favor. ETF volumes have dipped this year to about 16.5% of total equity volumes, down from 16.7% in 2013, according to analysts at Credit SuisseCSGN.VX -1.59% Trading Strategy. The data suggest that investors are increasingly favoring trades in individual stocks. Read more of this post
March 17, 2014 Leave a comment
If WhatsApp Is Worth $19B, Then WeChat’s Worth “At Least $60B” Says CLSA
Posted yesterday by Ingrid Lunden (@ingridlunden)
Heads turned when Facebook forked out $19 billion for messaging service WhatsApp in February, and eyes popped when Facebook CEO Mark Zuckerberg said it was probably worth even more. Now, analysts over at Crédit Lyonnais Securities Asia have taken up the baton on outsized messaging app valuations: it says that WeChat, a Chinese competitor owned by Tencent, is worth “at least $60 billion,” because of the fact that it has more active revenues streams incorporated into its service than WhatsApp does. Read more of this post
March 17, 2014 Leave a comment
The very unscientific tale of how Amazon first set the price of Prime
By Zachary M. Seward @zseward 36 minutes ago
Amazon Prime, the company’s two-day shipping service, has cost $79 a year in the United States since it was first unveiled in 2005. Now that Amazon is hiking the price by $20, it’s worth revisiting how the original fee was chosen. Read more of this post
March 17, 2014 Leave a comment
Yoshida in China: Why ‘WeChat’
Junko Yoshida, Chief International Correspondent
3/13/2014 01:00 AM EDT
Dramatic shift from Weibo to WeChat
SHENZHEN, China — Sometimes, the significance of an event happening outside your own personal universe doesn’t really hit you ’til you travel, hear what locals are saying, and encounter it firsthand. Read more of this post
March 17, 2014 Leave a comment
The colourful business career of the late rich lister Len Buckeridge
Published 12 March 2014 12:17, Updated 12 March 2014 13:22
Jonathan Barrett
Len Buckeridge on the phone – he always said he wanted to “work until he dropped”. Photo: John Mokrzycki
Len Buckeridge was so incensed that he picked up a union official’s car with a forklift and dropped it over a cyclone fence. Read more of this post
March 17, 2014 Leave a comment
Caitlin Fitzsimmons Online editor
How Thankyou Group cracked the hand wash market with the most expensive product in the supermarket
Published 13 March 2014 10:33, Updated 13 March 2014 12:32
Thankyou Group co-founder Daniel Flynn shows off the social enterprise’s product range. Photo: Luis Enrique Ascui
When Thankyou Group co-founder Daniel Flynn told Coles and Woolworths he wanted to expand beyond food and water into bodycare products, he was received with some scepticism. Read more of this post
March 17, 2014 Leave a comment
Celltrion plunges on delayed sales recognition
2014.03.12 16:58:48
Shares of Celltrion plunged Wednesday after its announce of poor earnings.
The company’s stock price declined 8.30 percent to close at 43,100 won, led by foreign investors.
The biosimilar maker said its 2013 operating profit reached 99.8 billion won ($93.26 million), down 48.9 percent from a year ago. Sales fell 35.4 percent to 226.2 billion won and net profit sank 41.3 percent to 102.5 billion won. Read more of this post
March 17, 2014 Leave a comment
Looming IKEA’s entry into S. Korea reshapes furniture market
2014.03.13 17:47:47
Global furniture behemoth IKEA will be entering South Korea eight months later. IKEA is preparing to make foray into the Korean market by offering up to 50 percent lower prices based on flat-pack, do-it-yourself (DIY) furniture, a set of separated pieces of furniture for easier mobility, and independent production and distribution network. Read more of this post
March 17, 2014 Leave a comment
Chaebol fear ISS proposals ahead of yearly AGMs
Morgan Stanley unit wields influence over foreign investors
BY KIM HYUN-YE [ssh@joongang.co.kr]
Mar 14,2014
Tension is growing at local companies ahead of their shareholders’ meetings as the U.S.-based International Institutional Shareholder Services (ISS) is releasing reports opposing reappointments of many of their directors. Read more of this post
March 17, 2014 Leave a comment
‘Shark processing hub’ of China sees business decline
Staff Reporter
2014-03-12
Puqi, a fishing port in eastern China’s Zhejiang province, has long been a center for the shark processing industry, but under pressure from foreign animal protection groups the port is seeing a sharp drop in its profits. Read more of this post
March 17, 2014 Leave a comment
Local governments in China addicted to debt
Staff Reporter
2014-03-13
Local governments in China have incurred massive debts to fund huge infrastructural projects, a practice dubbed by scholars as an addiction which may prove difficult to wean, reports the China Youth Daily, the official newspaper of the Communist Youth League of China. Read more of this post
March 17, 2014 Leave a comment
Amit Jatia and McDonald’s 15-year Wait for Success
by Shravan Bhat, Samar Srivastava | Mar 13, 2014
Amit Jatia and McDonald’s stuck by each other and adapted to value-conscious, vegetarian India. After 15 meagre years, they’re finally feasting Read more of this post
March 17, 2014 Leave a comment
Self-Described Champion of India’s Poor Under Court Scrutiny
By GARDINER HARRISMARCH 13, 2014
Ink was thrown at Subrata Roy, chairman of the Sahara Group, as he arrived at India’s Supreme Court last week. CreditAssociated Press
NEW DELHI — Subrata Roy has long been one of Asia’s most flamboyant billionaires, a bejeweled, modern maharajah who lives on an opulent 270-acre estate and presides over the Sahara Group, which is, by its own account, India’s largest private employer. To his allies, Mr. Roy is an up-from-bootstraps hero who built from scratch a sprawling empire that provides vital financial services to India’s poor. Read more of this post
March 17, 2014 Leave a comment
FAMILY BUSINESS LEADERS WHO THINK THEY “KNOW BEST” HINDER SUCCESSION PROCESS
ARTICLE | 12 MARCH, 2014 12:39 PM | BY JESSICA TASMAN-JONES
Family business leaders who think they “know best” and adopt a paternalistic leadership style can lead to unsuccessful succession transitions, according to new research, by leading to feelings of dissatisfaction and inertia in the next generation.
According to Paternalistic leadership in family firms: Types and implications for intergenerational succession, there are three types of paternalistic leadership styles – authoritarian, benevolent and moral – and some can be more detrimental to leadership transitions than others. Read more of this post
March 17, 2014 Leave a comment
HOW ONE OF GOOGLE’S FINEST FOSTERS THE BIG IDEAS
AS CHIEF CREATIVE OFFICER FOR GOOGLE CREATIVE LABS, IT’S ROBERT WONG’S JOB TO LIVE AND BREATH INSPIRATION. FROM HOW HE FINDS HIS TO HOW HE ENCOURAGES HIS PEOPLE TO ATTAIN THEIRS, HE TELLS US THE BEST WAYS TO FEED CREATIVITY.
The “poetry of a moment,” says Robert Wong, is often in the restraint.
Whether he’s giving his team near-impossible puzzles to solve in no time or hosting endless brainstorming sessions, boxing in a creative mind is his best innovation catalyst. Read more of this post
March 17, 2014 Leave a comment
NETFLIX’S MAJOR HR INNOVATION: TREATING HUMANS LIKE PEOPLE
WHAT IF INSTEAD OF BUREAUCRACY, A BOOMING COMPANY RELIED ON COMMON SENSE?
BY DRAKE BAER
Back in 1997, before it was streaming a billion hours of Internet television a month, Netflix was a startup. They had a fairly standard vacation policy: 10 vacation days, 10 holidays, and a handful of sick days per person. Rather than formally tracking these days, they opted for an honor system, with employees tracking their own off days and informing their managers when appropriate. Read more of this post
March 17, 2014 Leave a comment
ED CATMULL ON WHY THINGS WILL ALWAYS GO WRONG—EVEN AT PIXAR
IN A WIDE-RANGING CONVERSATION WITH FAST COMPANY, CATMULL–THE PRESIDENT OF PIXAR, WHO HAS LED THE ANIMATION POWERHOUSE TO 14 NO. 1 HITS–SHARES HIS MANAGEMENT SECRETS.
BY ED CATMULL
Right now, since Disney Animation has Frozen, which has a shot at becoming a billion-dollar movie, they’re elated. Meanwhile, at Pixar, after a lot of work we’ve had to say, “You know, Good Dinosaur doesn’t meet our standards, so we’re going to restart. It’s a promising idea, but we need to rethink the team.” That’s painful, but it’s a pain we own. Every time we make a mistake there is pain, and I’m acutely aware that some people bear more pain than others [some 50 people were recently laid off]. But our core belief is that we’ve got to do the right thing for the movies. The ongoing value here is that everything we do is in service of that final story we deliver to the world. Read more of this post
March 17, 2014 Leave a comment
Mascot Kumamon turns cute into bear market
AFP-JIJI
MAR 12, 2014
Kumamon, the popular bear mascot of Kumamoto, draws a big crowd to a campaign event promoting food products from the prefecture in Tokyo on Feb. 23. | AFP-JIJI Read more of this post
March 17, 2014 Leave a comment
Beats Hopes to Serve Up Music in a Novel Way
MARCH 12, 2014
Is the new music streaming service from Beats Electronics a worthy competitor to Spotify and Pandora? Molly Wood gives her verdict.
THERE’S a new subscription music service in town, one that purports to know you and your music tastes better than you know them yourself. One that urges you to forget about what you think you like and surrender to a sea of playlists lovingly created by artists and celebrities far more brilliant and beautiful than you. Read more of this post
March 17, 2014 Leave a comment
Silicon Valley’s Youth Problem
In start-up land, the young barely talk to the old (and vice versa). That makes for a lot of cool apps. But great technology? Not so much.
By YIREN LUMARCH 12, 2014
The Cisco Meraki office in Mission Bay, San Francisco, is 40 paces from the water, and just as nice as Google’s. On a clear winter day in late December, I sat in one of its conference rooms with a company spokeswoman on my right and Sanjit Biswas on my left, peering out through floor-to-ceiling glass. On the other side: brightly patterned furniture, murals and paneled wood, a well-stocked cafeteria, a deck with spectacular views of the bay. Twelve months earlier, in a deal meant to bring fresh edge to Cisco, the networking behemoth bought Meraki from Biswas and two co-founders for $1.2 billion. Now they were making good on their promise — starting with the décor. Read more of this post
March 17, 2014 Leave a comment
College dropouts strike it big in the business world
Snapchat co-founder Evan Spiegel (L), Michael Dell, the founder and CEO of Dell (Bottom Right) and Larry Ellison, founder of software giant Oracle (top Right)
By Mykolas Rambus
Wealth-X
Wednesday, Mar 12, 2014
Whilst some ultra high net worth (UHNW) individuals patiently wait decades to amass their fortunes, others strike gold early on, even dropping out of college to pursue their lucrative careers. By 2020, this is predicted to be an ever-increasing trend, especially with individuals making in-roads into social media and software. Read more of this post
March 17, 2014 Leave a comment
NUS unit flags 16 China firms with high bond default risks
The Business Times
13 March 2014
[SINGAPORE] Sixteen Chinese companies face a high chance of having their bonds default over the next year, given a lack
of cash and problems of overcapacity in their industry, data from National University of Singapore’s Risk Management
Institute (RMI) showed. 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 