R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
June 23, 2014 Leave a comment
Sunni, Shiite groups in Iraq’s crisis explained
THE WALL STREET JOURNAL
JUNE 15, 2014 1:42PM
A LIGHTNING offensive by the Sunni group Islamic State of Iraq and al-Sham, or ISIS, has sparked the biggest crisis Iraq has faced since it plunged into sectarian violence following the US-led invasion of the country in 2003. Here’s a look at the group at the centre of the crisis. Read more of this post
June 23, 2014 Leave a comment
What GM can learn from the rise and fall of Saturn
JUNE 13, 2014, 11:13 AM EDT
Lessons from GM’s “moonshot” could help the automaker’s leadership in the current crisis.
Saturn Vues, Outlooks, Auras and Skys still motor on the American road, as do plastic-body Saturn SC sedans. The discontinued models of a discontinued Saturn brand are rolling, bittersweet reminders of an earlier – and ultimately, unsuccessful – attempt by General Motors to reinvent itself. Read more of this post
June 23, 2014 Leave a comment
Uber offers a cautionary lesson for retail investors
JUNE 13, 2014, 12:55 PM EDT
Companies like Uber might be worth big someday. But hitting those marks comes with risk. In the meantime, investors are paying tomorrow’s price today.
Are venture investors confusing future value with present price?
Last week, a group including Fidelity, Wellington, and others plunged $1.2 billion into taxi app Uber, valuing the company at $17 billion. It was the latest in a string of multi-billion deals for tech startups. The companies might be worth big prices someday. But hitting those marks comes with risk. In the meantime, investors paid tomorrow’s price today. It is an instructive lesson to the next group of investors–likely the retail lot–in valuation. Read more of this post
June 23, 2014 Leave a comment
After OpenTable, what online company could be next in line for a billion dollar buyout?
JUNE 13, 2014, 5:03 PM EDT
Yelp, Groupon, Grubhub could be acquisition targets in wake of OpenTable buy.
After Priceline’s PCLN -2.99% $2.6 billion deal for restaurant reservation service OpenTable OPEN 48.35% hit the wires early Friday, a number of online and local-focused companies saw their shares jump. While traders may be hedging their bets, here are some reasons why three of these companies may be worth the investment. Read more of this post
June 23, 2014 Leave a comment
A businessman’s guide to social media
JUNE 13, 2014, 5:13 PM EDT
A Harvard Business School associate professor breaks it down for the non-hoodie-wearing crowd.
When Mikolaj Jan Piskorski was an assistant professor at the Stanford Graduate School of Business, he met a couple of entrepreneurs who were poised launch an online networking company. Piskorski initially dismissed their idea, on the theory that the offline world already provides executives and employees with plenty of opportunities for interaction. But he changed his mind on his commute home and asked the fledgling entrepreneurs if he could hear more. The founders, Konstantin Guericke and Reid Hoffman, would go on to unveil LinkedIn. Piskorski, meanwhile, has developed a body of research around social platforms. Now an associate professor at Harvard Business School, Piskorski spoke withFortune about his new book, A Social Strategy: How We Profit from Social Media, which aims to help business leaders figure out how best to use this new medium for fun and (mostly) profit. Edited excepts follow: Read more of this post
June 23, 2014 Leave a comment
How the China bubble could puncture U.S. banks
JUNE 13, 2014, 4:46 PM EDT
China is doing the global carry trade, and that could pose major risks for U.S. banks.
The conventional wisdom is that China doesn’t hold much direct risk for U.S. banks. Sure, if China were to have a financial crisis, and if it were to fall into recession — a long way to go, considering its recent annual growth of 7% — that would do serious damage to the global economy. American banks and the U.S. economy would feel that. But in terms of direct exposure to China, U.S. banks don’t stand to lose a lot. Read more of this post
June 23, 2014 Leave a comment
Arthur Laffer: still ahead of the curve, the man with a simple tax plan
Arthur Laffer advised Reagan and Thatcher to cut taxes to raise revenues. He explains why that remains true
According to Laffer, a flat tax would discourage “gaming” of the system, level out the playing field and ultimately generate more revenues
4:00PM BST 14 Jun 2014
There are many things Arthur Laffer could be accused of. Sitting on the fence isn’t one of them.
At 73, the man dubbed the “father of supply-side economics” is as strong in his conviction today that high taxes stifle growth as when he advised former US president Ronald Reagan in the 1970s and Margaret Thatcher in the 1980s. Read more of this post
June 23, 2014 Leave a comment
Seoul’s Sprouting Startup Scene
Posted 3 hours ago by Sebastien Park (@parksebastien)
Editor’s note: Sebastien Park is an associate at Collaborative Fund.
A couple of years ago, a list of the world’s top startup ecosystems compared cities like Berlin, Tel Aviv, and London to get at what made startups successful. There wasn’t enough data to compare Asia at the time, but there’s one city in the region that’s quietly been developing into another important tech hub: Seoul.
When you first think of South Korea, you might think of Samsung, the singer/songwriter PSY, or even the occasional K-drama. Take a closer look and you’ll find that 80 percent of the population are LTE users, the country is among the top three in terms of mobile app revenue, or that it’s been ranked first by Bloomberg’s Global Innovation Index (based on things like density of public tech companies). Read more of this post
June 23, 2014 Leave a comment
Five trends that explain why the Priceline-OpenTable deal makes sense
BY KEVIN KELLEHER
ON JUNE 14, 2014
The Negotiator must be hungry. Priceline is paying $2.6 billion for OpenTable, the app we fire up when we’re too lazy to call a restaurant to make reservations.
True to the trend of recent Internet M&A, the valuation is pricey. OpenTable closed yesterday with a valuation of $1.7 billion. That means a company whose stock has flatlined this year is buying a company whose stock had, until then, been slumping this year. At a 53-percent premium to the value investors believed it to be worth. Read more of this post
June 23, 2014 Leave a comment
More Chinese firms eye potential of cold chain logistics
Staff Reporter
2014-06-15
The fresh food e-commerce sector is expected to post rapid growth over the next five years as several enterprises in China have made investments in the sector, which is expected to stimulate the development of cold chain logistics, reports Guangzhou’s 21st Century Business Herald. Read more of this post
June 23, 2014 Leave a comment
Mountain climbing becomes commercial undertaking in China
Staff Reporter
2014-06-15
The controversy surrounding Wang Jing, co-founder of a Chinese outdoor sporting goods brand, who took a helicopter for part of her Mount Everest climb, has exposed once again the prevalence of commercial mountain climbing and other sports in China, reports Guangzhou’s Time Weekly. Read more of this post
June 23, 2014 Leave a comment
From toy shelves to the oil sands, drones are taking off in Canada
Armina Ligaya | June 14, 2014 7:50 AM ET
They come in crayon-like colours, with glowing eyes and even a sticker mustache to give the appearance of a friendly face — not exactly what most people associate with a drone.
But drones are taking off beyond the military zone and finding new uses in Canada’s commercial industries and the consumer realm.
Recreational drones — smaller or miniature toy versions of their menacing forebears aimed at hobbyist photographers and children — are already on the shelves at Canadian big-box electronics stores. Read more of this post
June 23, 2014 Leave a comment
Start-Ups Need a Minimum Viable Brand
by Denise Lee Yohn | 1:00 PM June 13, 2014
Sometimes it seems like Steve Jobs’ notorious reality distortion field has extended to all of Silicon Valley. Some eager entrepreneurs think their new product is so brilliant and so unlike anything else out there, that they just need to make it available and people will start clamoring over it. Other start-ups develop a core technology that has myriad possible uses and they’re not quite sure which will be most appealing, so they plan to just put it out on the market and let customers decide. Read more of this post
June 23, 2014 Leave a comment
No Innovation Is Immediately Profitable
by Scott Anthony | 11:00 AM June 13, 2014
The meeting was going swimmingly. The team had spent the past two months formulating what it thought was a high-potential disruptive idea. Now it was asking the business unit’s top brass to invest a relatively modest sum to begin to commercialize the concept.
Team members had researched the market thoroughly. They had made a compelling case: The idea addressed an important need that customers cared about. It used a unique asset that gave the company a leg up over competitors. It employed a business model that would make it very difficult for the current market leader to respond. The classic fingerprint of disruptive success. Read more of this post
June 23, 2014 Leave a comment
History Backs Up Tesla’s Patent Sharing
by James Bessen | 9:31 AM June 13, 2014
Yesterday, Elon Musk, CEO of Tesla, the electric car company, announced that Tesla would make its patents freely available to competitors. To many people this announcement seemed surprising if not shocking. After all, the conventional wisdom holds that patents are essential to keep competitors from imitating innovations, especially for small startup companies. If rivals imitate, they will drive down prices, wiping out the potential profits on innovation, thus making it difficult or impossible to earn a return on R&D investments. Read more of this post
June 23, 2014 Leave a comment
MICHAEL SPENCE
Michael Spence, a Nobel laureate in economics, is Professor of Economics at NYU’s Stern School of Business, Distinguished Visiting Fellow at the Council on Foreign Relations, Senior Fellow at the Hoover Institution at Stanford University, and Academic Board Chairman of the Fung Global Institute in Hong Kong. He was the chairman of the independent Commission on Growth and Development, an international body that from 2006-2010 analyzed opportunities for global economic growth, and is the author of The Next Convergence – The Future of Economic Growth in a Multispeed World.
JUN 19, 2014
MILAN – Despite China’s widely discussed economic slowdown, annual GDP growth remains above 7%, implying little cause for alarm – at least for now. The question is whether the government’s efforts to implement structural reforms and transform the economy’s growth model are working – that is, whether internal imbalances continue to threaten long-term economic performance. Given that China remains the global economy’s most important growth engine, the answer matters to everyone. Read more of this post
June 23, 2014 Leave a comment
June 19, 2014 5:21 pm
Hedge fund chiefs and former bankers enter the shadows
By FT reporters
In the six years since the financial crisis, the financial services world has seen all kinds of new institutions take over lending deals and clients that were once the domain of traditional banks. There has also been a parallel transformation: the mutation of bankers into shadow bankers, writes Patrick Jenkins in London. Read more of this post
June 23, 2014 Leave a comment
June 19, 2014 10:18 am
Mismanagement blamed for New Delhi’s water crisis
By Victor Mallet in Dwarka, IndiaAuthor alerts
Hunting for one of the necessities of life was not how Lakhvinder Singh, a former civil servant from India’s Telecommunications Department, imagined he would spend his otherwise comfortable retirement.
But as the summer temperature tops 45 degrees, Mr Singh and many of the other 500,000 residents of Dwarka – a fast-growing, middle-class satellite city on the western fringes of New Delhi – spend their days haggling with local authorities and gangsters from the neighbouring state of Haryana to buy tanker-loads of water. Read more of this post
June 23, 2014 Leave a comment
June 18, 2014 6:34 pm
Japan tries a new strategy for growth
Shinzo Abe’s fresh package is wide-ranging but still timid
When he won a second term as Japan’s prime minister 18 months ago, Shinzo Abe promised to fight the country’s economic malaise with “three arrows”.
In order to boost Japan’s growth rate and end a decade and a half of falling prices, he declared that the country needed an unprecedented monetary loosening, a hefty fiscal stimulus and a strong dose of structural economic reform. Read more of this post
June 23, 2014 Leave a comment
June 19, 2014 3:17 pm
Welcome to the varied world of tech start-up fundraisings
By Richard WatersAuthor alerts
When it comes to putting money into high-flying tech start-ups, not all investments are created equal.
The bald numbers that have hit the headlines after recent eye-catching fundraisings – such as Uber’s $18.2bn valuation two weeks ago – tell only part of the story. In reality, the varied terms of this and other deals have made direct comparisons misleading.
There is also a risk that, with the valuations of late-stage private tech companies booming once again, the fundraising tactics involved will store up trouble for initial public offerings to come. Read more of this post
June 23, 2014 Leave a comment
Last updated: June 19, 2014 5:55 pm
Beware central banks’ share-buying sprees
By Ralph AtkinsAuthor alerts
Revenue raising could ‘contribute to overheated asset prices’
Like the rest of us, the world’s central bankers have had to cope since 2008 with low interest rates wiping out returns on their investments. They may attract little sympathy – who was it who slashed rates? But the consequences matter for markets, especially if central banks follow their own injunctions and move into riskier assets, notably equities. Read more of this post
June 23, 2014 Leave a comment
The Corporate Daddy
Walmart, Starbucks, and the Fight Against Inequality
JUNE 19, 2014
For some time now, Republicans in Congress have given up the pretense of doing anything to improve the lot of most Americans. Raising the minimum wage? They won’t even allow a vote to happen. Cleaner air for all? They may partially shut down the government in a coming fight on behalf of major polluters. Add to that the continuing obstruction of student loan relief efforts, and numerous attempts to defund health care, and you have a party actively working to make life miserable for millions. Read more of this post
June 23, 2014 Leave a comment
Why Did Amazon Make a Phone? A Conversation With Jeff Bezos
JUNE 19, 2014 11:18 AM 13 Comments
Shortly after he introduced the new Fire phone on Wednesday, I spoke with Jeff Bezos, Amazon’s founder and chief executive, about the device and Amazon’s goals in the smartphone business.
Here is an edited transcript of the conversation. Sadly, it does not do justice to Mr. Bezos’s booming laugh, which punctuated many of his sentences.
Why did you make a phone? Read more of this post
June 23, 2014 Leave a comment
Why We’re All Crony Capitalists, Like It or Not
JUNE 19, 2014
If there’s one thing that populists on the left and right can agree upon, it is disdain for crony capitalism. It is a distaste for the cesspool of Washington influence, in which big-business lobbyists canoodle with lawmakers to get their way. It is anger at corporate welfare enriching America’s biggest companies at the expense of the little guy. Read more of this post
June 23, 2014 Leave a comment
Monkeys Are Better Stockpickers Than You’d Think
Why dart-throwing primates demolish S&P 500 returns and most active fund managers don’t even come close.
Updated June 19, 2014 4:14 p.m. ET
“A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts,” Burton Malkiel famously argued in his classic 1973 book, A Random Walk Down Wall Street. Read more of this post
June 23, 2014 Leave a comment
Who will be the new kings of the retail sector?
There is a changing of the guard, and the incoming generation appears to be finding life hard going
On July 9, Justin King will end a decade as Sainsbury’s chief executive Photo: Rex Features
7:18PM BST 19 Jun 2014
The retail industry has produced some of the best-known business leaders and entrepreneurs in Britain. Ask any member of the public to name a British businessmen, and personalities such as Sir Philip Green, Sir Terry Leahy, Sir Stuart Rose and Justin King are likely to be on the list.
Over the past decade and more, they have shaped the high street; and, before Sir Philip, Sir Terry, Sir Stuart and King, it was no different. Read more of this post
June 23, 2014 Leave a comment
CEOs can no longer do nothing – activist investors won’t let them
Chief executives owe it to shareholders to take bold action to ensure growth
When billionaire investor Carl Icahn started agitating for Apple to return cash to shareholders, the tech giant started to listen Photo: Bloomberg News
8:55PM BST 18 Jun 2014
One of the most clichéd questions I will admit to asking a chief executive is what keeps them awake at night. They never answer truthfully of course – at least not on the record – but privately they dissemble.
Twenty-odd years ago, the truthful response would have been the threat of a hostile takeover. It was an era of corporate raiding, after all. Read more of this post
June 23, 2014 Leave a comment
The Secret to Alibaba’s Culture Is Jack Ma’s Apartment
by Walter Frick | 9:00 AM June 19, 2014
In 2002, the year Alibaba.com first became profitable, founder Jack Ma gathered a handful of employees in his office and told them there was a secret project that they had the opportunity to join. But to do so, they would need to resign from Alibaba, work from a secret location, and refrain from telling friends or family or Alibaba staff about this new start-up they would be building.
This decision — to bet the company on a new and distinct business — was the first such move by Ma, but it would become the cornerstone of Alibaba’s strategy. Today, Alibaba looks more like a conglomerate than a typical tech company, with a diverse set of businesses operating largely independently. That transformation began with Ma’s decision to launch Taobao, the consumer commerce site that would dash eBay’s hopes in China and propel the Alibaba Group to even greater success. Read more of this post
June 23, 2014 Leave a comment
Wiranto Sets Record Straight on Prabowo’s Military Discharge
By Jakarta Globe on 04:05 pm Jun 19, 2014
Prabowo Subianto’s dismissal from the military in 1998 is threatening to scupper his presidential hopes.(Reuters Photo/Beawiharta)
Retired general Wiranto said in a televised press conference on Thursday that Prabowo’s dismissal was no secret, and denied that the recently leaked letter of dismissal was confidential. Read more of this post
June 23, 2014 Leave a comment
2014 Election Turning Into a Tale of Deep Divisions
By Nurhayat Indriyatno & Kennial Caroline Laia on 07:50 am Jun 20, 2014
Jakarta. Months before a single ballot had been cast in the presidential election, Indonesia’s oldest Islamic party was facing its most serious upheaval ever, one that threatened to tear it apart.
The kernel of that discontent was the unilateral endorsement by Suryadharma Ali — the chairman of the United Development Party (PPP) — of Prabowo Subianto, the presidential candidate from the Great Indonesia Movement Party (Gerindra). 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 