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The billionaire behind Lidl’s fast-growing grocery empire

Germany’s Lidl seen overtaking big rivals Tesco, Carrefour and Aldi

The billionaire behind Lidl’s fast-growing grocery empire

Philip Oltermann in Berlin

The Guardian, Monday 23 June 2014 14.51 BST

A recent report by Planet Retail predicted Lidl owner the Schwarz Group would become Europe’s biggest grocery retailer by 2018. Photograph: Alamy

One of the features that unite all of Lidl’s 9,875 supermarkets in Europeis the “party aisle”, which usually comes after the fresh fruit and vegetables. Walking past the alcoholic beverages and salty snacks, one can’t help wondering if one of the products on its tightly packed shelves might reveal the recipe behind the success of the chain set to become Europe’s leading grocery retailer. Read more of this post

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Strategic Humor: Cartoons from the July-August 2014 Issue

Strategic Humor: Cartoons from the July-August 2014 Issue

by Josh Olejarz  |   9:00 AM June 23, 2014

Enjoy these cartoons from the July–August issue of HBR, and test your management wit in theTWO HBR Cartoon Caption Contests we’re running this month. The first contest, for our September issue, is at the bottom of this post, and the second contest, for our October issue, can be found here. If we choose your caption as the winner, you will be featured in an upcoming magazine issue and win a free Harvard Business Review Press book.

image001-8      Read more of this post

For Breakthrough Innovation, Focus on Possibility, Not Profitability

For Breakthrough Innovation, Focus on Possibility, Not Profitability

by Michelle Stacy  |   2:00 PM June 23, 2014

More than 15 years after its founding, Google remains a company that inspires profound admiration — and at times, a bit of confusion.

The company is currently investing in self-driving cars, a futuristic idea that some people believe will never be achieved. It’s also rolling out Google Glass, a wearable computing device that’s inspired skepticism and some mockery.

The derision is misplaced. As someone who’s been involved in marketing breakthrough innovations, I’m convinced Google’s approach is the right one. Google is focused on possibility rather thanprofitability — a mindset that’s necessary to create innovations that transform categories. Many breakthrough innovations I’ve led have suffered when I’ve let the profitability mindset creep in. Google should be admired for first setting out to answer the question: “Is this possible?” Read more of this post

Education Hampering Indonesia’s Preparations for AEC in 2015

Education Hampering Indonesia’s Preparations for AEC in 2015

By Nadine Sumedi on 08:45 am Jun 24, 2014

Jakarta. The Indonesian government is confident that it can sustain and even increase economic growth following regional economic integration next year that will open up the country’s borders to a freer flow of goods, services and labor from Southeast Asian neighbors, but doubts remain over the ability of the local workforce to compete.

“Indonesia is still growing, and with 240 million people we have more productive people who are economically active than those who are not,” Chairul Tanjung, the coordinating minister for the economy, told the Jakarta Globe recently.

“This will allow us to fund growth which will continue for the next 20 to 30 years,” he added. Read more of this post

Joko Ignites Flurry With Plan to Buy Back Indosat; Though Indosat is majority-owned by Ooredoo (Qatar Telecom), Indonesia still has red-white shares, which gives the country veto power that can be exercised in the national interest

Joko Ignites Flurry With Plan to Buy Back Indosat

By Carlos Paath on 08:20 am Jun 24, 2014

Jakarta. Communications and Information Minister Tifatul Sembiring said presidential hopeful Joko Widodo should first calculate the state’s funds before going ahead with his plan to buy back shares of telecommunications firm Indosat if he is elected the country’s next president.

“Do we [Indonesia] have the money to buy [back] Indosat? If we do, then please go ahead,” said Tifatul on Monday.

Tifatul added that Joko would need to consult with the State Enterprises Ministry if he wanted to go ahead with the plan.

“Regarding the plan, why not ask Dahlan Iskan [SOE minister] first?” he said. Read more of this post

In Indonesia’s Elections, Poll Machinations Gone Wild

In Indonesia’s Elections, Poll Machinations Gone Wild

By Pitan Daslani on 09:18 am Jun 24, 2014

If you arrive in a place where pots are calling kettles black, wait a minute: that is probably Indonesia. This is a painful assumption that I hate to draw, witnessing the political crossfire involving retired military generals ahead of the July 9 presidential election.

All of a sudden some retired generals are attacking each other, revealing their true feathers. When still in uniform they looked like heroes and exemplary models of statesmanship. Today they look like villains whose selfish pursuits behind the presidential candidates have unmasked their quality of pseudo patriotism. Read more of this post

Future expansion of special economic zones (KEK) in Indonesia should be located outside Java to boost industrial development in regional areas and eventually trigger greater economic growth, according to a minister

Minister says KEK too focused on Java

The Jakarta Post, Jakarta | Business | Fri, June 20 2014, 12:13 PM

Future expansion of special economic zones (KEK) in the country should be located outside Java to boost industrial development in regional areas and eventually trigger greater economic growth, according to a minister.
The expansion of the KEK to areas outside Java is also a logical response to dwindling land supply in Java.
“There are only around 31,000 hectares of land in the country that can be used for industrial purposes, 26,000 hectares of which have been sold. Around 70 percent of that land is located in Java, thus limiting the prevalence of industrial development nationwide,” Industry Minister MS Hidayat said at the Indonesian Industrial Estate Association (HKI) national working meeting at the Le Meridien Hotel in Jakarta on Thursday. Read more of this post

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