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Disruptive Innovation: A Flawed Idea? Executives say they want disruptive innovation, but what they really crave is “managed evolution”

Disruptive Innovation: A Flawed Idea?

Executives say they want disruptive innovation, but what they really crave is “managed evolution,” says John Parkinson.

John Parkinson, Contributor

July 10, 2014 | CFO.com | US

I collect useful and illustrative quotes from famous people. Two of my favorites are from George Bernard Shaw (an Irish author and playwright and a co-founder of the London School of Economics): “Those who can’t change their minds can’t change anything” and “Progress is not made by reasonable men.” I have always liked the implications of his attitude, reminding us that we need to remain flexible and open to new ideas, however “unreasonable” they may at first seem.

Which brings me to the topic of disruptive innovation. …

I do so love an intramural academic spat, especially in areas where there is little actual “science” underlying the debate. Even better when conventional “wisdom” (much of which is akin to folklore, without rigorous foundation or supporting evidence) is challenged on the merits, and the reputation of an academic icon is called (justifiably or otherwise) into question.

Read more about the discussion at http://ww2.cfo.com/growth-strategies/2014/07/disruptive-innovation-flawed-idea

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Morning Bamboo Insight: 11 Jul 2014

Morning Bamboo Insight: 11 Jul 2014

Macro

1. Low volatility is bad for ‘low-vol’ funds; Once central banks start to tighten rates, such assets may make sense

http://www.ft.com/intl/cms/s/0/1e6461d8-0693-11e4-ba32-00144feab7de.html#axzz373LxWzbD

2. Our Financial Crisis Amnesia; Remember the S&L crisis? Nobody else does either. And we’ll soon forget about 2008 too.

http://online.wsj.com/articles/alex-pollock-our-financial-crisis-amnesia-1404946250

3. Emerging market fund managers ignore borders, chase profits

http://www.reuters.com/article/2014/07/10/us-funds-emergingmarkets-stocks-analysis-idUSKBN0FF0DX20140710

Asia Pacific

1. (Isia) – Indonesia at a Crossroads: Old Model or Brand New Chapter?

http://www.thejakartaglobe.com/opinion/indonesia-crossroads-old-model-brand-new-chapter/

2. (Korea) – Won overvalued by 10%, similar to right before 1997 crisis: seminar

http://news.mk.co.kr/english/newsRead.php?sc=30800001&cm=Top%20Story&year=2014&no=975088&selFlag=&relatedcode=&wonNo=&sID=308

3. (Korea) – The Samsung risk; Economy cannot depend on a few companies, industries

http://www.koreatimes.co.kr/www/news/opinon/2014/07/202_160779.html

4. (Korea) – Korea’s Securities and Futures Commission recommended the dismissal of Hyosung billionaire chairman Cho Suck-Rai and Vice Chairman Lee Sang-woon due to fraudulent accounting; sibling rivalry intensifies

http://www.koreatimes.co.kr/www/news/biz/2014/07/123_160703.html

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2991806

5. (Korea) – ‘Knowing what to give up is important’: GS chief Huh Chang-soo who asked executives to be “proactive” in investment and “bold” about shutting down businesses with dim prospects

http://www.koreatimes.co.kr/www/news/biz/2014/07/123_160705.html

6. (India) – Free India’s government from the shackles of the state

http://www.ft.com/intl/cms/s/0/5f2fa74c-074f-11e4-b1b0-00144feab7de.html

7. (Isia) – New breed starts to muscle in on Indonesia’s old-style patronage politics

http://www.reuters.com/article/2014/07/08/us-indonesia-election-breed-idUSKBN0FD0D020140708

8. (Isia) – Indonesia needs forward-looking leadership

http://www.businesstimes.com.sg/premium/editorial-opinion/editorial/indonesia-needs-forward-looking-leadership-20140710

9. (China/Healthcare) – China tells hospitals not to deny emergency care to the poor

http://news.asiaone.com/print/news/asia/china-tells-hospitals-not-deny-emergency-care-poor

10. (China) – CCTV Accuses Bank of China of Money Laundering; Broadcast Claims Bank Helps Clients Skirt the Controls on Cross-Border Fund Transfers

http://online.wsj.com/articles/cctv-accuses-bank-of-china-of-money-laundering-1404911094?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702303833804580018811447826670.html

11. (China) – The deluge of lawsuits over China’s missing metals has begun

http://qz.com/232632/the-inevitable-deluge-of-lawsuits-over-chinas-missing-metals-has-begun/

12. (India) – The real picture of India’s finances is terrifying

http://qz.com/232109/debt-trap-meets-populism-the-real-picture-of-indias-finances-is-terrifying/

13. (China) – Chinese Gov’t Throwing Money away on Bullet Trains, Expert Says

http://english.caixin.com/2014-07-10/100702343.html

14. (HK) – Hong Kong’s Protests Could Send Its Property Market Into The Worst Slump Since The 1998 Asian Financial Crisis

http://www.businessinsider.sg/banks-warn-about-hong-kong-protests-2014-7/#.U76F2fmSxqU

Life

1. A Great Negotiator’s Essential Advice; Tommy Koh played central roles in some of the most complex international negotiations ever held

http://blogs.hbr.org/2014/07/a-great-negotiators-essential-advice/

2. In Praise of the Invisible Leader

http://www.strategy-business.com/article/00263?gko=9b210&cid=20140710aag&utm_campaign=20140710aag&tid=27782251&pg=all

3. Why Piketty’s Wealth Data Are Worthless; Private retirement plans rose to $12.4 trillion in 2012 from $875 billion in 1984. None of it is reported on tax returns

http://online.wsj.com/articles/alan-reynolds-why-pikettys-wealth-data-are-worthless-1404945590

4. The Billionaire Families Behind Your Favorite Brands

http://www.forbes.com/sites/sandhyasubbarao/2014/07/09/the-billionaire-families-behind-your-favorite-brands/print/

5. Startups Anonymous: The Founder Meltdown

http://pando.com/2014/07/09/startups-anonymous-the-founder-meltdown/

6. Thomas Edison Secretly Financed The First Electric Chair To Destroy His Rival

http://www.businessinsider.sg/edison-financed-the-electric-chair-2014-7/#.U76HHPmSxqU

7. Scientists Discover Potential New Way To Fight Fat And Depression: Bacteria

http://www.businessinsider.sg/probiotics-can-make-you-skinny-and-happy-2014-6/#.U76HF_mSxqU

TMT

1. The rise of the Google Handyman

http://www.theage.com.au/digital-life/computers/gadgets-on-the-go/the-rise-of-the-google-handyman-20140709-zt1ci.html

2. Smartwatches Blur Outlook for Google Glass; Google Makes Tactical Shift in Wearable Devices; Smartwatches Are Cheaper And Offer Far More Apps

http://online.wsj.com/articles/smartwatches-blur-outlook-for-google-glass-1404943792

3. S.Africa’s Naspers, majority owner of China’s Tencent, to reinvent itself, again, for mobile

http://www.reuters.com/article/2014/07/09/us-naspers-ceo-idUSKBN0FE2HP20140709

4. Africa’s Challenges Are Tech Startups’ Opportunities; Local Entrepreneurs Develop Sturdier Products Tailored to Continent’s Technological Needs

http://online.wsj.com/articles/africas-challenges-are-tech-startups-opportunities-1404944003

5. Turkey Is Becoming A New Kind Of Silicon Valley

http://www.forbes.com/sites/groupthink/2014/07/09/turkey-is-becoming-a-new-kind-of-silicon-valley/print/

6. DIY Website Builder Wix Launches Email Newsletter Service

http://techcrunch.com/2014/07/09/diy-website-builder-wix-gets-into-email-newsletters/

7. Ad spending per person in 2013; Advertisers value Americans almost 110 times more than Indians

http://qz.com/232141/advertisers-value-americans-almost-110-times-more-than-indians/

8. Meet Quikr, India’s very own answer to Craigslist

http://www.chinapost.com.tw/print/411998.htm

9. 7 Body Language Tricks To Make Anyone Instantly Like You

http://www.businessinsider.sg/body-language-tricks-to-make-people-like-you-2014-7/#.U76FNPmSxqU

Health

1. Race Is On to Profit From Rise of Urgent Care; A growing category in health care promises an alternative to the hospital emergency room and perhaps the family practitioner, with low fees and extended hours

http://www.nytimes.com/2014/07/10/business/race-is-on-to-profit-from-rise-of-urgent-care.html?ref=business&_r=0

Consumer

1. The unraveling of American Apparel

http://qz.com/232284/the-unraveling-of-american-apparel/

 

 

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