R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
March 25, 2014 Leave a comment
Google takes consumers’ wrists to next frontier with Android watch
7:54pm EDT
By Alexei Oreskovic
SAN FRANCISCO (Reuters) – Voice-controlled smartwatches that track heart rates and connect to phones and tablets will debut later this year as Google Inc partners with electronics, technology and fashion companies to take consumers to the next promised frontier in computing.
March 25, 2014 Leave a comment
Jokowi signals that Basuki will run Jakarta
Tuesday, March 18, 2014 – 07:00
Wahyudi Soeriaatmadja Indonesia Correspondent
The Straits Times
Jakarta Governor Joko Widodo, a candidate for the presidential election, said he will decide whether to step aside or take extended leave and go on non-active status after the April 9 general election.
March 25, 2014 Leave a comment
March 18, 2014
CFO Magazine
The Path of Lease Resistance
Many CFOs now agree that companies should put leases on the balance sheet. It’s the how that has them up in arms.
David M. Katz
The latest chapter in the long-running saga on lease accounting began in January, when the Financial Accounting Standards Board started to mull the proposals in its May 2013 exposure draft, Leases (Topic 842). If approved, the new rules could add hundreds of billions of dollars to the liabilities on corporate balance sheets.
March 25, 2014 Leave a comment
Hong Kong craft beer revolution hops along
Tuesday, March 18, 2014 – 10:58
AFP
HONG KONG – Rohit Dugar moved to Hong Kong from New York three years ago and quickly realised that he didn’t like any of the beer there. So he decided to make his own.
March 25, 2014 Leave a comment
March 18, 2014
CFO.com | US
Readers Sound Off: Are Leases Debt?
On the eve of a new accounting standard, readers vigorously debate whether operating leases can be considered leverage.
David M. Katz
With the world’s leading accounting standards setters on the verge of voting in a new lease accounting regime beginning at a meeting on Tuesday, questions remain about whether all leases can be regarded as debt.
March 25, 2014 Leave a comment
March 18, 2014
CFO.com | US
Will China Let More Corporate Bond Issuers Default?
Overcapacity and depressed prices threaten many of the country’s corporate borrowers, who have gorged on debt for six years.
Vincent Ryan
Are Chinese corporate debt markets headed for a big fall? First there was the bailout of China Credit Trust Co., followed by the first default in China’s onshore bond market, by Shanghai Chaori Solar Energy Science & Technology. Now, Chinese banks are reportedly cutting lending to certain corporate sectors by as much as 20 percent, according to a story in Reuters, and there are more jitters in the $1.5 trillion (9 trillion yuan) bond market.
March 25, 2014 Leave a comment
China’s Xi urges officials to “sweat” corruption out of system
Tuesday, March 18, 2014 – 19:23
Reuters
BEIJING – Chinese President Xi Jinping urged rural officials on Tuesday to make “spicy” efforts to”sweat” corruption out of their systems, state news agency Xinhua reported, as he pressed on with his campaign to crack down on deep-rooted graft. “The weapons of criticism and self-criticism should be well-wielded, with some spice to make every party official blush and sweat a little,” Xi said during a visit to a rural area in central China’s Henan province called Lankao, Xinhua said.
March 25, 2014 Leave a comment
Do Gurus Breed Gurus? The Role of Knowledge and Social Effects in the Emergence of Design Gurus
Haibo Liu
INSEAD
Jurgen Mihm
INSEAD
Manuel Sosa
INSEAD
March 3, 2014
INSEAD Working Paper No. 2014/16/TOM
Abstract:
Despite being rare, gurus make disproportionately influential contributions to their fields. Hence understanding their emergence is critical. Yet our knowledge about the phenomenon is limited. This paper studies the role of collaboration in the emergence of gurus among designers — namely, how a focal designer’s chances of becoming a design guru are affected by collaborating with design gurus. We find that collaborating with a guru makes emergence much more likely than does collaborating with other nongurus, or not collaborating at all. We establish two conduits for this effect of guru collaboration: transfer of knowledge and sharing of attention. First, we present evidence that guru collaborations facilitate the transfer of (tacit) knowledge and thus increase the likelihood of a guru’s emergence. Second, we document a novel social aspect of collaborating with a guru: doing so helps the focal designer emerge as a guru by profiting from the attention paid by others to that guru. We test our predictions via event history analysis performed on a large longitudinal data set consisting of all designers who were granted a design patent in the United States from 1975 through 2005.
March 25, 2014 Leave a comment
Bottega Veneta CEO says bigger, not more shops key to growth
10:38am EDT
By Astrid Wendlandt and Pascale Denis
PARIS (Reuters) – Bottega Veneta, Kering’s No.2 luxury brand in terms of sales, is slowing down the pace of shop openings to preserve exclusivity, and plans to focus on enlarging and improving the performance of its existing stores, its head said.
March 25, 2014 Leave a comment
PBOC Denies It Will Bail Out Collapsed Real Estate Developer While Chinese Property Developer Market Crashes
Tyler Durden on 03/18/2014 10:15 -0400
In yesterday’s most underreported story, which we noted first thing yesterday morning, China is on the verge of a second bond default just weeks after Solar cell maker, Chaori Solar, defaulted earlier this month, this time Zhejiang Xingrun (appropriately abbreviated ZX): a real-estate developer which just collapsed after its largest shareholder was arrested and which has some CNY3.5 billion in debt and furthermore the company was revealed to have been taking deposits from individuals offering annual interest between 18% and 36%.
March 25, 2014 Leave a comment
28-Year Old Former JPMorgan Banker Jumps To His Death, Latest In Series Of Recent Suicides
Tyler Durden on 03/18/2014 10:44 -0400
Not a week seems to pass without some banker or trader committing suicide. Today we get news of the latest such tragic event with news that 28-year old Kenneth Bellando, a former JPMorgan banker, current employee of Levy Capital, and brother of a top chief investment officer of JPM, jumped to his death from his 6th floor East Side apartment on March 12.
March 25, 2014 Leave a comment
What Is Tesla Worth? According To Goldman It Depends If Elon Musk Is Steve Jobs, A Maytag Repairman, Or Henry Ford
Tyler Durden on 03/18/2014 09:29 -0400
Goldman Sachs is bearish on TSLA with a $200 price target (currently trading at $236) but… provides bulls with all the hope they need to justify stock prices rising to at least $478. Laying out 5 scenarios on the company’s path to 2025, the analyst shies from his base-case and downside-risk perspective to reflect on the possibility that TSLA is truly disruptive. Depending on whether Elon Musk is Steve Jobs (iPhone projections), Henry Ford (Model T projections), or a Maytag Repairman (Consumer Durable projections), TSLA’s upside is enormous as all of our three “disruptive outcomes” imply meaningful upside to the current share price.
March 25, 2014 Leave a comment
The secret of successful drug launches
About two-thirds of drug launches don’t meet expectations. Improving that record requires pharmaceutical companies to recognize the world has changed and adjust their marketing accordingly.
March 2014 | byHemant Ahlawat, Giulia Chierchia, and Paul van Arkel
March 25, 2014 Leave a comment
Rivals race to develop new biotech asthma drugs
8:54am EDT
By Ben Hirschler
LONDON (Reuters) – Rival firms are racing to develop injectable biotech asthma drugs for patients with severe disease who don’t respond well to traditional inhalers, in pursuit of a new market worth a possible $7.5 billion.
Britain’s GlaxoSmithKline, the leader in asthma treatments since launching its Ventolin inhaler in 1969, is in the vanguard but faces competition from the likes of Roche, AstraZeneca, Sanofi and Teva.
March 25, 2014 Leave a comment
Acer’s Headquarters Searched in Probe of Alleged Insider Trading
Investigation Also Included Search of Homes of Some Employees of the PC Maker, Prosectors Said
ARIES POON
March 18, 2014 8:34 a.m. ET
TAIPEI—Prosecutors in Taiwan searched the headquarters of Acer Inc. 2353.TW -0.82%and some employees’ homes Tuesday as part of an investigation into alleged insider trading of the personal-computer maker’s shares.
The New Taipei District Prosecutors Office said 10 people, some of whom are current Acer employees, were detained and questioned. They are suspected of “violating the Securities and Exchange Act” and “conducting insider-trading activities,” the office said.
March 25, 2014 Leave a comment
Mar 18, 2014
Tough Job Market Spurs Boom in Skills Certificates
JEYUP S. KWAAK
Faced with stiff competition in the job market, young South Koreans often turn to professional certificates to gain an advantage. That trend has spawned thousands of new certificates in recent years and a growing testing service industry.
March 25, 2014 Leave a comment
Apps aid fashionistas in tracking down desired clothing, shoes
Mon, Mar 17 2014
By Natasha Baker
TORONTO (Reuters) – Fashionistas envious of clothing, shoes and accessories worn by strangers or seen on websites can turn to new apps for hassle-free shopping to find, and buy or rent, similar items.
March 25, 2014 Leave a comment
Trash to treasure: Bicycle brings 3D printing to Taiwan streets
Mon, Mar 17 2014
By Michael Gold
TAIPEI (Reuters) – Cycling through the streets of Taiwan’s capital, staff from a design company turn discarded plastic cups and bottles into pieces of art on the spot with Mobile Fab – an ordinary bike kitted out with a computer and 3D printer.
March 25, 2014 Leave a comment
China’s central bank mulls Alibaba, Tencent payment curbs
8:26am EDT
BEIJING (Reuters) – China’s central bank is considering regulations that would significantly limit the size of payments made through Chinese Internet firms including Alibaba Holding Group and Tencent Holdings Ltd.
March 25, 2014 Leave a comment
Thai government lifts Bangkok emergency, crisis far from over
4:36am EDT
By Aukkarapon Niyomyat
BANGKOK (Reuters) – Thailand is lifting a state of emergency in Bangkok, taking a step to restore some confidence as anti-government protests subside, though the crisis has entered a new phase with Prime Minister Yingluck Shinawatra besieged by legal challenges.
March 25, 2014 Leave a comment
Australia’s David Jones to assess $3 billion Myer merger
Mon, Mar 17 2014
SYDNEY (Reuters) – David Jones Ltd (DJS.AX: Quote,Profile, Research, Stock Buzz), Australia’s second-biggest department store chain, said it will investigate the value of a proposed merger with Myer Holdings Ltd (MYR.AX:Quote, Profile, Research, Stock Buzz), the strongest sign yet that it will consider the A$3.4 billion ($3.09 billion) deal.
March 25, 2014 Leave a comment
FASB Looks into Simplifying Goodwill Standards for Public Companies
BY MICHAEL COHN
MARCH 17, 2014
Last November, the Financial Accounting Standards Board endorsed simplifying the accounting standards that private companies use in measuring and reporting goodwill, and FASB is currently looking into the possibility of changing the standards for public companies too.
March 25, 2014 Leave a comment
A big-bang theory gets a big boost: Evidence that vast cosmos was created in split second
By Joel Achenbach, Tuesday, March 18, 6:34 AM
In the beginning, the universe got very big very fast, transforming itself in a fraction of an instant from something almost infinitesimally small to something imponderably vast, a cosmos so huge that no one will ever be able to see it all.
March 25, 2014 Leave a comment
Why Google Doesn’t Have a Research Lab
Google manages to invest in fundamental research without having a traditional lab in which to do it.
By Tom Simonite on March 18, 2014
Research vice presidents at some computing giants, such as Microsoft and IBM, rule over divisions housed in dedicated facilities carefully insulated from the rat race of the main businesses. In contrast, Google’s research boss, Alfred Spector, has a small core team and no department or building to call his own. He spends most of his time roaming the open plan, novelty strewn offices of Google’s product divisions, where the vast majority of its fundamental research takes place.
March 25, 2014 Leave a comment
Posted: March 12, 2014
Theodore Kinni is senior editor for books at strategy+business. He also blogs atReading, Writing re: Management.
The Freaky Friday Management Technique
Ben Horowitz’s first book, The Hard Thing about Hard Things: Building a Business When There Are No Easy Answers (HarperBusiness, 2014), is a humorous and often insightful book of managerial advice that seems certain to attract a big audience. Horowitz is the cofounder of Andreessen Horowitz—a venture capital firm with a portfolio that reads like an homage to the latest Internet bubble—and his popular blog purportedly has close to ten million readers.
March 25, 2014 Leave a comment
Posted: March 11, 2014
Ken Favaro is a senior partner with Booz & Company based in New York. He leads the firm’s work in enterprise strategy and finance.
Strategy & Leadership
How IKEA, Disney, and Berkshire Hathaway Succeed with Adjacencies
Research confirms, time and again, that when most companies diversify into new markets, their profitability is diluted and acquisitions are subsequently unwound—usually by a new CEO intent on creating a more “focused” company. Consider Coca-Cola’s forays into wine and filmmaking, Eastman Kodak’s venture into pharmaceuticals, and Philip Morris’s adventure with Miller Brewing. Of course, adjacency moves are not always a disaster. IBM successfully diversified into services; Disney does quite well with a portfolio ranging from films to fun parks, children’s retailing, and cruise ships; Apple successfully entered the highly competitive mp3-player, smartphone, and online music businesses; and Berkshire Hathaway, a rail-to-chocolates conglomerate, has the best 40-plus-year track record of shareholder returns the world has ever seen.
March 25, 2014 Leave a comment
February 11, 2014 / Spring 2014 / Issue 74
Cut Your Company’s Fat but Keep Some Slack
Why excess capacity leads to greater efficiency.
by Sendhil Mullainathan and Eldar Shafir
In 2002, the operating rooms at St. John’s Regional Health Center, an acute-care hospital in Missouri, were at 100 percent capacity. When emergency cases—which made up about 20 percent of the full load—arose, the hospital was forced to bump long-scheduled surgeries. As a result, according to one study, doctors often waited several hours to perform two-hour procedures and sometimes operated at 2 a.m., and staff members regularly worked unplanned overtime. The hospital was constantly behind.
March 25, 2014 Leave a comment
Organised gangs have a growing appetite for food crime
Mar 15th 2014 | From the print edition
GANGSTERS used to send their enemies to sleep with the fishes. Today they are more likely to mislabel the fishes and sell them at a profit. Organised criminals who have long trafficked drugs are diversifying into humdrum areas of commerce—particularly food, booze and cheap consumer goods.
March 25, 2014 Leave a comment
Why French trade unions are so strong
Mar 17th 2014, 23:50 by S.P. | PARIS
FRENCH unions are due to take to the streets again on March 18th for a day of action and protest. This time they will be campaigning for better wages and against the government’s plans to reduce corporate payroll taxes. Scarcely a month goes by without some French profession or other holding a demonstration, or manif. On separate days recently, trade unions representing midwives, civil servants and audio-visual technicians have each taken their grievances to the streets. Why are French unions so strong?
March 25, 2014 Leave a comment
A new test for Alzheimer’s may be on the cards. But it is not here yet
Mar 15th 2014 | From the print edition
AS JOHN IOANNIDIS prepares to launch an institute intended, among other things, to combat small, statistically underpowered scientific studies (see article), just such a study has hit the headlines. The media reaction to it neatly illustrates what Dr Ioannidis is talking about, for the impression given by those headlines is that researchers have found a way to predict Alzheimer’s disease. At the moment, that cannot be done reliably, though a brain scan or a spinal tap can confirm suspicions. And the researchers have not—at least, not yet—found a test, for their results were based on data from a handful of people in what may be an unrepresentative sample of humanity.
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 