Companies adapt to local African markets; “Some of our customers try to put black mascara on their lips – they don’t know what it’s for”; Samsung recently brought out extra-loud stereos to appeal to Nigerian consumers

March 16, 2014 1:33 pm

Companies adapt to local African markets

By Katrina Manson in Nairobi

While big companies are beginning to tailor their marketing messages – increasingly choosing local models, languages, music and food to reach target audiences – some are also beginning to adapt their products to the tastes of local African markets. Read more of this post

Why gaining from value investing is hard

March 16, 2014 2:34 pm

Why gaining from value investing is hard

By John Authers

In the financial context, the word ‘value’ sets off emotions

Values in common parlance elude definition. Equally decent people can hold contrasting values with deep fervour. In the financial context, the word “value” sets off emotions that are almost as deep. Read more of this post

Small proves beautiful at boutique banks

Last updated: March 16, 2014 2:22 pm

Small proves beautiful at boutique banks

By Ed Hammond in New York and Daniel Schäfer in London

On an August evening in 2012, Jim Mooney and Mike Fries gathered for an informal dinner at the Hamptons house of Aryeh Bourkoff, the Wall Street dealmaker. Mr Bourkoff, who had launched his own investment bank LionTree a month earlier, had chosen his guests carefully. Read more of this post

‘Big Data @Work’ by Thomas H Davenport

March 5, 2014 4:15 pm

‘Big Data @Work’ by Thomas H Davenport

By Hannah Kuchler

Like bacteria, big data is lurking in the stomachs of cows. Some farmers are using sensors and software to analyse it and predict when a cow is getting ill.

Just like customers, cows do not always speak out when something is wrong. But companies can use data to predict potential risks and opportunities in cows and customers alike. Read more of this post

My top tip: ignore everyone else’s top tips; Pieces of advice are positioning statements that tell the world about the values the issuer holds

March 16, 2014 1:27 pm

My top tip: ignore everyone else’s top tips

By Lucy Kellaway

Pieces of advice are positioning statements that tell the world about the values the issuer holds

Last week I got an email from a young reader asking me to pass on the wisest piece of advice that I’d ever been given. Read more of this post

Giving 100% effort is too much; When ‘good enough’ really is good enough

WORKING SMARTER

March 16, 2014 1:32 pm

Giving 100% effort is too much

By Rhymer Rigby

Conventional business wisdom is big on perfection. We are constantly exhorted to give 100 per cent – or even a mathematically impossible 110 per cent. But is this really the absolute virtue it is held up to be? Or is there a case to be made for doing a “good enough” job most of the time? Read more of this post

How to be a Productivity Ninja: Worry Less, Achieve More and Love What You Do

How to be a Productivity Ninja: Worry Less, Achieve More and Love What You Do Paperback

by Graham Allcott (Author)

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An accessible guide to staying cool, calm and collected, getting more done, and learning to love your job again.

Product Details

Paperback: 304 pages

Publisher: Icon Books (September 9, 2014)

Editorial Reviews

Review

‘[Allcott] has distilled the wisdom of hundreds of business seminars into this handy little book to help us get organised, de-clutter our minds and desks and become altogether calmer, happier and more productive … this book makes for a well-rounded manual to sharpen up your work methods.’ — Claudia Sunderhauf Waterstones.com ‘All the tips and techniques you need to stay calm, get through your tasks, make the most of your time and stop procrastinating. It’s fun, easy to follow and practical – and may just be the kick up the bottom you need!’ Closer Read more of this post

Cameron’s Britain has lost America’s respect; The “special relationship” has been compromised by one side that is no longer sure of who it is

Last updated: March 16, 2014 6:02 pm

Cameron’s Britain has lost America’s respect

By Edward Luce

The “special relationship” has been compromised by one side that is no longer sure of who it is

Dean Acheson remarked in the 1950s that Britain lost an empire and had not yet found a role. For the next half-century it found a niche as America’s global lieutenant – harnessing its influence in Washington to punch above its weight elsewhere. Events in Crimea over the past three weeks have underlined how fast even that is fading. Once America’s “go-to” ally, the UK is not even third on today’s priority list. When it comes to handling Vladimir Putin, Germany, France and even Poland rank ahead of David Cameron’s government in Washington. Read more of this post

Megawati’s Brilliant Move May Turn Out to Be Double-Edged Sword for Candidate Jokowi

Megawati’s Brilliant Move May Turn Out to Be Double-Edged Sword for Candidate Jokowi

By Johannes Nugroho on 05:58 pm Mar 16, 2014

Megawati Soekarnoputri has finally announced that her party Indonesian Democratic Party of Struggle will be nominating the popular governor of Jakarta, Joko Widodo, better known as Jokowi, as presidential candidate. Lauded by many as having put aside her own ambition to run for the job, Megawati has indeed made a cornerstone decision that will please many within and outside the party known as PDI-P. However, its timing and circumstances may be a two-edged sword for Jokowi himself. Read more of this post

Indonesian Stocks Enter Bull Market on Jokowi Presidential Bid

Indonesian Stocks Enter Bull Market on Jokowi Presidential Bid

By Yudith Ho & Harry Suhartono on 06:15 pm Mar 14, 2014

Jakarta. Indonesia’s benchmark stock index entered a bull market, the rupiah reversed losses and bonds rallied as Jakarta Governor Joko Widodo was nominated as a presidential candidate. Read more of this post

India lays down the law on financial management

Updated: Monday March 17, 2014 MYT 8:31:18 AM

India lays down the law on financial management

BY YAP LENG KUEN

THE spate of resignations at India’s financial institutions indicates the government’s seriousness in ensuring that top management either perform or perish. Read more of this post

Welcome to the 19th Century; Putin and the new Bonapartes see a weak and retreating West

Welcome to the 19th Century

Putin and the new Bonapartes see a weak and retreating West.

March 16, 2014 6:41 p.m. ET

‘You just don’t in the 21st century behave in 19th century fashion by invading another country on completely trumped up pretext,” declared John Kerry on March 2 as Russia began its conquest of Ukraine’s Crimean peninsula. Though he didn’t intend it, the U.S. Secretary of State was summing up the difference between the current leaders of the West who inhabit a fantasy world of international rules and the hard men of the Kremlin who understand the language of power. The 19th-century men are winning. Read more of this post

Can Alibaba Taxi App Be a Growth Driver? In App Race With Archrival Tencent, Cabbies Are Lavished With Beer

Can Alibaba Taxi App Be a Growth Driver?

In App Race With Archrival Tencent, Cabbies Are Lavished With Beer

PAUL MOZUR And JURO OSAWA 

Updated March 16, 2014 5:05 p.m. ET

BEIJING—Alibaba Group Holding Ltd. said on Sunday that it plans to start the process of listing on a U.S. stock exchange. At home, meanwhile, China’s biggest e-commerce company is trying to get Beijing taxi drivers to use its cab-hailing application. Read more of this post

DBS Bank To Acquire Société Générale’s Private Banking Business in Asia or 1.75% of $12.6 billion in assets under management

DBS Bank To Acquire Société Générale’s Private Banking Business in Asia

Singaporean Bank Seeks to Build on the Lucrative Wealth Management Business in the Region

P.R. VENKAT

March 16, 2014 7:36 p.m. ET

SINGAPORE—DBS Bank Ltd. Monday said that it has agreed to buy the Asian private banking business of French bank Société Générale SA GLE.FR -2.19% for $220 million, as the Singaporean bank seeks to build on the lucrative wealth management business in the region. Read more of this post

China’s Credit Nightmare Explained In One Chart

China’s Credit Nightmare Explained In One Chart

Tyler Durden on 03/14/2014 14:22 -0400

Everyone knows that after years of kicking the can and resolutely sticking its head in the sand, China is finally on the verge, if hasn’t already crossed it, of a major credit event, confirmed by the first ever corporate bond default which took place a week ago. Few, however, know just why China is in this untenable position. If we had to select one data point with which to explain it all, it would be the following: just in the fourth quarter of 2013, Chinese bank assets rose from CNY147 trillion to CNY151.4 trillion, or, in dollar terms, an increase of almost exactly $1 trillion! Read more of this post

Show Your Work!: 10 Ways to Share Your Creativity and Get Discovered

Show Your Work!: 10 Ways to Share Your Creativity and Get Discovered Paperback

by Austin Kleon  (Author)

In his New York Times bestseller Steal Like an Artist, Austin Kleon showed readers how to unlock their creativity by “stealing” from the community of other movers and shakers. Now, in an even more forward-thinking and necessary book, he shows how to take that critical next step on a creative journey—getting known. Read more of this post

A Short Guide to a Happy Life: Anna Quindlen on Work, Joy, and How to Live Rather Than Exist

A Short Guide to a Happy Life: Anna Quindlen on Work, Joy, and How to Live Rather Than Exist
image002-5The commencement address is a special kind of modern communication art, and its greatest masterpieces tend to either become a book – take, for instance, David Foster Wallace on the meaning of lifeNeil Gaiman on the resilience of the creative spiritAnn Patchett onstorytelling and belonging, and Joseph Brodsky on winning the game of life – or have originated from a book, such as Debbie Millman on courage and the creative life. One of the greatest commencement speeches of all time, however, has an unusual story that flies in the face of both traditional trajectories. Read more of this post

Creativity, the Gift of Failure, and the Crucial Difference Between Success and Mastery

Creativity, the Gift of Failure, and the Crucial Difference Between Success and Mastery

“You gotta be willing to fail… if you’re afraid of failing, you won’t get very far,” Steve Jobs cautioned“There is no such thing as failure – failure is just life trying to move us in another direction,” Oprah counseled new Harvard graduates. In his wonderfully heartening letter of fatherly advice, F. Scott Fitzgerald gave his young daughter Scottie a list of things to worry and not worry about in life; among the unworriables, he listed failure, “unless it comes through your own fault.” And yet, as Debbie Millman observed in Fail Safe, her magnificent illustrated-essay-turned-commencement-address, most of us “like to operate within our abilities” – stepping outside of them risks failure, and we do worry about it, very much. How, then, can we transcend that mental block, that existential worry, that keeps us from the very capacity for creative crash that keeps us growing and innovating? Read more of this post

Philosopher Martha Nussbaum on How to Live with Our Human Fragility

Philosopher Martha Nussbaum on How to Live with Our Human Fragility

In 1988, Bill Moyers produced a series of intelligent, inspiring, provocative conversations with a diverse set of cultural icons, ranging from Isaac Asimov to Noam Chomsky to Chinua Achebe. It was unlike any public discourse to have ever graced the national television airwaves before. The following year, the interviews were transcribed and collected in the magnificent tome Bill Moyers: World of Ideas (public library). But for all its evenness of brilliance, one conversation in the series stands out for its depth, dimension, intensity, and timelessness – that with philosopher Martha Nussbaum, one of the most remarkable and luminous minds of our time, who sat down to talk with Moyers shortly after the publication of enormously stimulating book The Fragility of Goodness: Luck and Ethics in Greek Tragedy and Philosophy.

Moyers begins by framing Nussbaum’s singular approach to philosophy and, by extension, to the art of living:

MOYERS: The common perception of a philosopher is of a thinker of abstract thoughts. But stories and myths seem to be important to you as a philosopher. NUSSBAUM: Very important, because I think that the language of philosophy has to come back from the abstract heights on which it so often lives to the richness of everyday discourse and humanity. It has to listen to the ways that people talk about themselves and what matters to them. One very good way to do this is to listen to stories. Read more of this post

Show Your Work: Austin Kleon on the Art of Getting Noticed

Show Your Work: Austin Kleon on the Art of Getting Noticed
image002-1In 2012, artist Austin Kleon gave us Steal Like an Artist, a modern manifesto for combinatorial creativity that went on to become one of the best art books that year. He now returns with Show Your Work! (public library) – “a book for people who hate the very idea of self-promotion,” in which Kleon addresses with equal parts humility, honesty, and humor one of the quintessential questions of the creative life: How do you get “discovered”? In some ways, the book is the mirror-image of Kleon’s debut – rather than encouraging you to “steal” from others, meaning be influenced by them, it offers a blueprint to making your work influential enough to be theft-worthy. Complementing the advice is Kleon’s own artwork – his signature “newspaper blackout” poems – as a sort of meta-case for sharing as a modern art that requires courage, commitment, and creative integrity. Read more of this post

Germany’s Mittelstand Companies: Can Asia Share Their Success?

10/02/2014

GERMANY’S MITTELSTAND COMPANIES: CAN ASIA SHARE THEIR SUCCESS?

DR. HOLLY CLAUDIA OTT

The term Mittelstand loosely translates to “middle class” in German, and the Mittelstand companies in Germany are typically family-run, export-oriented businesses which achieve high efficiencies through a focused business model. This approach has been very successful: some 1,300 Mittelstand enterprises have carved out world-leading positions in their chosen niches. Read more of this post

Politics in India’s states: Elections in India are merry-go-rounds, not two-horse races

Politics in India’s states: Elections in India are merry-go-rounds, not two-horse races

Mar 15th 2014 | DELHI AND KOLKATA | From the print edition

A FICKLE lot, revolutionaries. Three years ago Anna Hazare, an ageing Gandhian populist, drew immense crowds to Ramlila Maidan, a big park in Old Delhi. Such was the righteous fervour of the public for his fasts and anti-graft campaign that many talked excitedly of upending national politics and even of changing the constitution. “Anna is India, India is Anna” throngs of white-capped supporters chanted. On March 12th Mr Hazare was due back at his old stamping-ground in Delhi. He cried off at the last moment, after the crowds failed to show up. What began as agitation is ending as farce. Read more of this post

IFRS could be stripped of accountancy watchdog role

IFRS could be stripped of accountancy watchdog role

There are concerns about transparency and governance at the accounting authority

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Sharon Bowles, chairwoman of the European Parliament Economic Affairs Committee, has raised “serious concerns” about the governance of the IFRS Foundation

By Louise Armitstead, Chief Business Correspondent

9:44PM GMT 15 Mar 2014

The International Financial Reporting Standards (IFRS) Foundation’s role in governing global accounting rules is under threat after European politicians said they were questioning whether the authority was “best suited” to the position. Read more of this post

Malaysia Airlines Flight 370 hijacked for 9/11-type terror attack in India?

Malaysia Airlines Flight 370 hijacked for 9/11-type terror attack in India?

by Neha Attre

Last Updated: Sunday, March 16, 2014, 11:06

Zee Media Bureau/ Neha Attre
10:45 am: Uighur separatist movement behind disappearance of jet?
The Malaysian authorities are now looking at an email sent by a 35-year-old man from Uighur, China’s troubled autonomous Muslim province, who was also flying on the Malaysia airlines flight, ANI reported.  Read more of this post

Walmart China loses customer confidence

Walmart China loses customer confidence

Staff Reporter

2014-03-16

After 40 years in China, Walmart, the world’s retailing giant, is facing a crisis of trust in the market, due to its failure to keep up consistent quality of service and its perfunctory responses to customer complaints. Read more of this post

In A Changing Financial World, Thinknum Wants To Democratize Financial Analysis

In A Changing Financial World, Thinknum Wants To Democratize Financial Analysis

Posted 6 hours ago by Danny Crichton (@DannyCrichton)

One of the most important functions of any modern financial institution is conducting valuations. On Wall Street, this means developing financial models – projections of how a company will perform based on a set of assumptions. Get these models right, and suddenly you can make trades on public equities that bring in enormous profits. Blow it, and see billions of dollars evaporate. Read more of this post

Fallen Tiger, Shaken Dragon; Caging a tiger will not destroy a vampire: the Middle Kingdom remains deeply corrupt

MINXIN PEI

Minxin Pei is Professor of Government at Claremont McKenna College and a non-resident senior fellow at the German Marshall Fund of the United States.

MAR 14, 2014

Fallen Tiger, Shaken Dragon

CLAREMONT, CALIFORNIA – Less than 18 months after becoming General Secretary of the Chinese Communist Party, Xi Jinping is poised to cage the biggest political “tiger” – a corrupt top official – in the history of the People’s Republic. Although rumors of the imminent fall of former internal security chief Zhou Yongkang have been swirling for months, many observers remained unsure whether Xi would prosecute Zhou and thus break the party’s long-established unwritten rule of immunity for sitting or retired members of the Politburo Standing Committee. Read more of this post

35 and flat broke! Why 30-something high-flyers have zero savings and a mountain-load of debt

35 and flat broke!

Saturday, Mar 15, 2014

Sasha Gonzales

Her World

She’s 35, single and has worked for over a decade. She earns $5,000 a month and has no mortgage to worry about.

And yet Lisa*, a publishing executive, barely has any savings to her name. Read more of this post

Plans for auto hub in Malaysia

Updated: Saturday March 15, 2014 MYT 7:07:48 AM

Plans for auto hub in Malaysia

BY EUGENE MAHALINGAM

THE National Automotive Policy (NAP 2014) which was finally unveiled in January, has since set tongues wagging over some of the policies that were announced. Read more of this post

Is virus-inflated U.S. hog market bubble about to burst?

Is virus-inflated U.S. hog market bubble about to burst?

Fri, Mar 14 2014

By Theopolis Waters and Barani Krishnan

CHICAGO/NEW YORK (Reuters) – Fund managers and traders have chased hog prices on the Chicago Mercantile Exchange to record highs on fear of a deadly pig virus, but a market reversal is likely if government data in the next two weeks shows no major damage from the disease. Read more of this post