Book Talk: Leadership in the world’s most extreme workplace

Book Talk: Leadership in the world’s most extreme workplace

Wed, Feb 5 2014

By Pauline Askin

SYDNEY (Reuters) – At age 34, Rachael Robertson accepted the biggest challenge of her life: to lead a large, 12-month expedition in Antarctica. Two months on, she found herself having to ask the team of 120 how they managed to get through a year’s supply of condoms in just eight weeks. Read more of this post

Thai rice scheme in death throes, but what next?

Thai rice scheme in death throes, but what next?

Wednesday, February 5, 2014 – 14:27

Clyde Russell

Reuters

LAUNCESTON, Australia – That Thailand’s controversial rice-buying scheme is now in its death throes is no surprise, but it does beg the question as to what will replace it in the world’s former top exporter of the grain. Read more of this post

Lotte eyes overseas coffee mix market with Nestle tie-up

Lotte eyes overseas coffee mix market with Nestle tie-up

Wednesday, February 5, 2014 – 14:40

Bae Ji-sook

The Korea Herald/Asia News Network

SOUTH KOREA – Lotte joined hands with Nestle, the world’s largest food maker, to target the overseas market where a growing number of people are starting to appreciate the taste of Korean-style instant coffee mix. Read more of this post

Stop Looking for Passion at Work; The meaning of your life won’t likely be found on the job

Posted: January 21, 2014

David Silverman is an author, teacher andsenior executive at a Fortune 100 firm.

Stop Looking for Passion at Work

I recently came across an interesting career website called the Paper Tuner. Among a variety of mostly good and useful material, however, I also found this:

I have one word for this TED presentation where we are told that we are pursuing our careers all wrong: shame. And I mean that in the sense of the word that means “shame on you for making people feel bad about themselves for not finding success through the workplace.” I say that because the presenter, Larry Smith, pushes hard on what I consider the “big lies” of what I’ll call the IPO-wins-Internet culture. (He also insists on calling Steve Jobs “Steven J”—really?) Read more of this post

Making Better Decisions over Time; The technique of deliberate practice can dramatically improve performance, but knowing its limits is as important as understanding its value

January 6, 2014  

Making Better Decisions over Time

The technique of deliberate practice can dramatically improve performance, but knowing its limits is as important as understanding its value.

by Phil Rosenzweig

Managers make a wide range of decisions, from routine calls they face on a recurring basis, to large-scale strategic decisions they may encounter just once in their careers. For issues that are often repeated, the technique of deliberate practice—which involves action, feedback, modification, and action again—is a powerful way to boost performance. The technique works when a decision is part of a sequence, in which feedback from one part can improve the next. Not all decisions work in this manner, however. Knowing the difference is crucial. Read more of this post

100 Books Everyone Should Read Before They Die

100 Books Everyone Should Read Before They Die

MEGAN WILLETT

FEB. 5, 2014, 12:01 PM 37,176 17

Amazon book editors have just released a list of their 100 Books To Read In A Lifetime.

Many of the books are 20th century classics or recent bestsellers — the oldest book on the list is Jane Austen’s 1813 masterpiece “Pride and Prejudice.” It also spanned multiple genres, with adult fiction, nonfiction, children’s, and young adult novels such as “The Hunger Games” and “Harry Potter” making the list. Read more of this post

‘Next frontier is to take the motorcycle business to international markets’Siddhartha Lal, MD & CEO at Eicher Motors, believes the company’s strong business model will see it through the sluggish economy

‘Next frontier is to take the motorcycle business to international markets’

by Ashish K Mishra | Feb 6, 2014

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Siddhartha Lal, MD & CEO at Eicher Motors, believes the company’s strong business model will see it through the sluggish economy

Q: Eicher Motors has been doing really well on the stock market. It seems as if investors love the company. What sense do you make of it? Read more of this post

For Google, a leg up in the artificial intelligence arms race

For Google, a leg up in the artificial intelligence arms race

February 5, 2014: 6:41 AM ET

Its acquisition of DeepMind Technologies holds promise for its advertising, autonomous vehicle, and “smart home” businesses.

By Verne Kopytoff

FORTUNE — Google’s executives have long dreamed of solving one of the technology industry’s biggest riddles. How do you predict what people want — hockey scores or new Ugg boots, for example — before they even ask for it? Reading user’s minds, or at least seeming to, would make Google’s products that much faster and more convenient. It could also help the company fend off rivals. Read more of this post

A Solution for Bad Teaching: Tweaking tenure could help students and researchers

A Solution for Bad Teaching

By ADAM GRANT

FEB. 5, 2014

PHILADELPHIA — IT’S no secret that tenured professors cause problems in universities. Some choose to rest on their laurels, allowing their productivity to dwindle. Others develop tunnel vision about research, inflicting misery on students who suffer through their classes. Read more of this post

The Art of Negotiation: How to Improvise Agreement in a Chaotic World

The Art of Negotiation: How to Improvise Agreement in a Chaotic World Hardcover

by Michael Wheeler  (Author)

A member of the world-renowned Program on Negotiation at Harvard Law School introduces the powerful next-generation approach to negotiation.
For many years, two approaches to negotiation have prevailed: the “win-win” method exemplified inGetting to Yes by Roger Fisher, William Ury, and Bruce Patton; and the hard-bargaining style of Herb Cohen’s You Can Negotiate Anything. Now award-winning Harvard Business School professor Michael Wheeler provides a dynamic alternative to one-size-fits-all strategies that don’t match real world realities.  Read more of this post

Emotions as a negotiating tool; The Art of Negotiation: How to Improvise Agreement in a Chaotic World

February 5, 2014 4:00 pm

Emotions as a negotiating tool

By Alicia Clegg

Nelson Mandela famously spent some of his time in prison studying Afrikaner history and teaching himself Afrikaans, the language of his jailers. He understood that being able to see the world through the eyes of his adversaries would be important in any future negotiations. Read more of this post

Sarawak abuzz over Chief Minster Taib’s future; Counters linked to Taib see selling pressure on news he may step down

Sarawak abuzz over Chief Minster’s future

Thursday, February 6, 2014 – 11:05

Dennis Wong and Goh Pei Pei

New Straits Times

KUCHING – For many Sarawakians, there is nothing new in the latest speculation of Chief Minister Tan Sri Abdul Taib Mahmud calling it quits soon.

To them, it is just a rumour that has been circulating over the past four years.

The only difference this time was that the rumour was given a degree of credence with the tenure of Yang di-Pertua Negeri Tun Abang Muhammad Salahuddin Abang Barieng due to expire at the end of the month. Read more of this post

Stock-Market Tail Wags Economic Dog

Stock-Market Tail Wags Economic Dog

JUSTIN LAHART

Feb. 5, 2014 4:18 p.m. ET

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The sudden, sharp drop in stocks is nothing to worry about. Yet.

It has been a perilous time for markets. Trouble in emerging markets, a spate of softeconomic reports and the Federal Reserve’s decision to keep paring back bond purchases have set nerves on edge. In the past two weeks, the S&P 500 has fallen about 5%. Not since late 2012 has it fallen so far in so short a time. Read more of this post

PCAOB’s Auditor Rotation Project is Essentially Dead

February 5, 2014, 5:45 PM ET

PCAOB’s Auditor Rotation Project is Essentially Dead

EMILY CHASAN

Senior Editor

The U.S. government’s auditor watchdog finally said Thursday it is no longer pursuing a project to impose auditor term limits on public companies, nearly three years after proposing the idea.

“We don’t have an active project or work going on within the board to move forward on a term limit for auditors,” said James Doty, chairman of the Public Company Accounting Oversight Board, adding “We nevertheless will continue to think about what impacts independence. There may be a change of focus here.” Read more of this post

No Signboard Seafood founder didn’t even know how to cook

No Signboard Seafood founder didn’t even know how to cook

SINGAPORE – She was an uneducated housewife living in a kampung at Tai Seng in Upper Paya Lebar.

When she got married, she did not know how to cook.

But she decided to teach herself so she could become a hawker in the kampung with her husband selling dishes like bak kut teh. Read more of this post

‘Influx’ may propel sci-fi writer Daniel Suarez into the void left by Tom Clancy and Michael Crichton; Rejected by 48 literary agents, he began self-pub in 2006. His sophisticated tech knowledge quickly attracted a cult following

Daniel Suarez Sees Into the Future

‘Influx’ may propel the sci-fi writer into the void left by Tom Clancy and Michael Crichton

EBEN SHAPIRO

Updated Feb. 5, 2014 10:24 a.m. ET

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Daniel Suarez Michal Czerwonka for The Wall Street Journal

Thriller writer Daniel Suarez has a lot of readers with important jobs. Read more of this post

India: Narendra Modi’s market model; Critics of Gujarat’s chief minister question whether he could replicate state-level success across the country

February 5, 2014 8:16 pm

India: Narendra Modi’s market model

By Victor Mallet

Critics of Gujarat’s chief minister question whether he could replicate state-level success across the country

To see the vast industrial complexes on the Arabian Sea coast of Gujarat is to understand why big business thinks Narendra Modi could – and should – beIndia’s saviour. Read more of this post

Remaking the industrial economy; A regenerative economic model-the circular economy-is starting to help companies create more value while reducing their dependence on scarce resources

Remaking the industrial economy

A regenerative economic model—the circular economy—is starting to help companies create more value while reducing their dependence on scarce resources.

February 2014 | byHanh Nguyen, Martin Stuchtey, and Markus Zils

Visualize, for a moment, the industrial economy as a massive system of conveyor belts—one that directs materials and energy from resource-rich countries to manufacturing powerhouses, such as China, and then spirits the resulting products onward to the United States, Europe, and other destinations, where they are used, discarded, and replaced. While this image is an exaggeration, it does capture the essence of the linear, one-way production model that has dominated global manufacturing since the onset of the Industrial Revolution. Read more of this post

Cheaters … Win? Why Systems to Prevent Deception Don’t Work

Cheaters … Win? Why Systems to Prevent Deception Don’t Work

Jan 30, 2014

Swiping office supplies from work. Jumping the turnstile to get a free ride on the subway. Stealing a car and taking it for a joyride. All of these are clearly unethical behaviors that should evoke a negative emotional response after the event — if the mere promise of feeling guilt or remorse doesn’t stop the individual from doing it in the first place. Read more of this post

The ‘Moneyball’ Approach to Hiring CEOs

The ‘Moneyball’ Approach to Hiring CEOs

Feb 03, 2014

It was the lesson of the best-selling book-turned-movie, Moneyball: Don’t throw money at big-name baseball players or judge future performance by purely physical attributes. Assess them, instead, by more relevant measurements, like their on-base percentage. Read more of this post

An “Austrian” Bill Gross Warns: “The Days Of Getting Rich Quickly Are Over… Getting Rich Slowly May Be As Well”

An “Austrian” Bill Gross Warns: “The Days Of Getting Rich Quickly Are Over… Getting Rich Slowly May Be As Well”

Tyler Durden on 02/05/2014 13:03 -0500

If readers ignore the rest from the latest monthly insight from Bill Gross of PIMCO, they should at least read the following insight which we agree with wholeheartedly: “our PIMCO word of the month is to be “careful.” Bull markets are either caused by or accompanied by credit expansion. With credit growth slowing due in part to lower government deficits, and QE now tapering which will slow velocity, the U.S. and other similarly credit-based economies may find that future growth is not as robust as the IMF and other model-driven forecasters might assume. Read more of this post

Meritocracy encourages insatiable need for reward

Meritocracy encourages insatiable need for reward

Often, naysayers of our meritocratic system focus on those who may get left behind.

FROM GURMIT SINGH KULLAR –

06 FEBRUARY

Often, naysayers of our meritocratic system focus on those who may get left behind.

I agree generally with the Education Minister’s view, in “Avoid making meritocracy a dirty word, says Heng” (Jan 29), on maintaining the status quo. Read more of this post

S’poreans remain second-biggest gamblers in the world

S’poreans remain second-biggest gamblers in the world

SINGAPORE — Singaporeans are still the second-biggest gamblers in the world, but the latest statistics from a British gambling consultancy indicate that losses incurred per adult resident here have fallen from three years ago.

BY NEO CHAI CHIN –

06 FEBRUARY

SINGAPORE — Singaporeans are still the second-biggest gamblers in the world, but the latest statistics from a British gambling consultancy indicate that losses incurred per adult resident here have fallen from three years ago. Read more of this post

3D Systems profit warning rekindles 3D printer bubble fears

3D Systems profit warning rekindles 3D printer bubble fears

3:08pm EST

(Reuters) – 3D Systems Corp slashed its profit estimate for 2013, reviving fears of a bubble in the 3D printing industry and sending its shares down as much as 28 percent.

Shares of other 3D printer makers also fell sharply after the profit warning from the largest listed 3D printer maker, which along with rival voxeljet AG has been the target of short-seller Citron Research. Read more of this post

Sapphire crystal is poised to see widespread adoption among higher-tiered consumer electronic manufacturers

Sapphire crystal to see widespread adoption

By Ted Chen ,The China Post
February 6, 2014, 12:04 am TWN

TAIPEI, Taiwan — Sapphire crystal is poised to see widespread adoption among higher-tiered consumer electronic manufacturers, with a Taiwanese company poised to capitalize on the emerging supply chain niche by establishing an early lead in patent holdings. Read more of this post

From Adelaide to Champagne: behind the push to take R.M. Williams global

From Adelaide to Champagne: behind the push to take R.M. Williams global

Published 05 February 2014 10:40, Updated 05 February 2014 11:06

Simon Evans

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A dusty R.M. Williams boot and a gleaming glass of Moet champagne might seem like opposites, yet the two will be unlikely bedfellows in a new private equity strategy to take the Australian icon global. Read more of this post

China’s liquor capital drowning in overproduction

China’s liquor capital drowning in overproduction

Staff Reporter 

2014-02-04

China’s “capital of liquor” is facing its coldest winter as a considerable number of small and medium producers of Chinese liquor or baijiu are being forced to close shop, reports the Guangzhou-based Southern Metropolis Daily. Read more of this post

How Chinese entrepreneurs have flourished in Dubai

How Chinese entrepreneurs have flourished in Dubai

Staff Reporter 

2014-02-05

The last two decades have seen the rise of Dubai as a global metropolis and many Chinese businesspeople have scrambled to get a piece of the pie, the Beijing-based Economic Observer reports. Read more of this post

WeChat’s virtual red envelopes prove a viral hit

WeChat’s virtual red envelopes prove a viral hit

Staff Reporter 

2014-02-05

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A WeChat user receives a virtual red envelope during Chinese New Year. (Photo/CNS)

Chinese tech giant Tencent’s idea to allow users of its WeChat messaging app to send out “virtual red envelopes” during Chinese New Year has proven a huge hit, reports the Shanghai-based Oriental Morning Post. Read more of this post

The Next Leap for the Indonesian Economy: Deeper Capital Markets

The Next Leap for the Indonesian Economy: Deeper Capital Markets

By Mukul Raheja on 9:13 am February 5, 2014.

The presence of robust, deep, regulated and liquid capital markets is essential for any economy to function efficiently. For an emerging and growing economy like Indonesia it is especially crucial. Not only do functioning capital markets offer an alternative to bank borrowing for private businesses seeking financing, they also help the government get access to cheaper sources of funding to finance the national budget and infrastructure projects. Read more of this post