It’s complicated: Management thinkers disagree on how to manage complexity

It’s complicated: Management thinkers disagree on how to manage complexity

Nov 23rd 2013 |From the print edition

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THERE can be few better places to talk about complexity than Vienna. This was the capital of the most complicated political organisation yet seen: the Austro-Hungarian Empire. It was also the centre of some of the most convoluted cold-war spy games. On November 14th and 15th hundreds of management enthusiasts converged on the Austrian capital to debate the subject. They had little interest in the complexities of the Habsburgs or the cold war. They were preoccupied instead by two points: that business is more complicated than ever before; and that managing complexity is at the top of businesspeople’s agenda. Read more of this post

‘Overworked people become hopelessly inefficient’

November 24, 2013 1:58 pm

Unfair demands on your free time

By Rhymer Rigby

We all know that the line between work and personal time has become blurred. But how do you cope with a boss or organisation that makes constant demands on time that is clearly yours?

Where do I begin? 
First, you need to be on solid ground. “If you’re doing an outstanding job, you’ll be able to say ‘I’m going home on time because I’m hitting all my targets,’” says Fergus O’Connell, author of The Power of Doing Less. Jane Barrett, founder of the Career Farm coaching consultancy, adds: “Do a bit of due diligence – are these hours the norm in your industry?” Read more of this post

The leader as a driver in the great race for good results; Gone is the time-wasting focus on why something happened and finding who is responsible. When something isn’t going well, a “high-octane leader” will probably completely skip the “why” and root cause analysis, and instead ask and get answers to a series of questions that keep the race car (team) moving forward and adjusting their approach as the car continues. Everything is about what can and will be done

The leader as a driver in the great race for good results

James Engel
senior executive director and director
 
The Centre of Excellence at The APMGroup.
November 25, 2013 1:00 am

Let’s have a race – a race for business results. The winner gets increased profits, market-share and growth in the Asean Economic Community (AEC) marketplace; the loser, a lot less. You, as a leader, are the driver. Your team is the car. The racetrack is your strategy. The finishing line is achieving your key performance indicators (KPIs). Now imagine that the “fuel” is supplied by your mouth and ears. Remember, you can have the best race car in the world, but without fuel, you’re going nowhere.  Read more of this post

Blood, sweat and tears; How the Napoleonic wars made Britain

Blood, sweat and tears; How the Napoleonic wars made Britain

Nov 23rd 2013 |From the print edition

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Britain against Napoleon: The Organisation of Victory, 1793-1815. By Roger Knight. Allen Lane; 678 pages; £30. Buy from Amazon.co.uk

THE role of Britain in the world was transformed by the Napoleonic conflict. By the time France declared war in 1793 the British empire was in decline; it had lost its North American colonies a decade earlier. But after Napoleon’s defeat at the Battle of Waterloo in 1815 Britain emerged as the world’s pre-eminent superpower. How did it overcome its previous setbacks to inflict a crushing defeat on Napoleon’s France? Historians have tended to explain this in terms of military and naval strategy. But “Britain against Napoleon”, a new book by Roger Knight of the University of Greenwich, argues that Britain was just far better at organising its war effort. Read more of this post

Clarity of purpose, values vital for leaders

Updated: Monday November 25, 2013 MYT 7:14:58 AM

Clarity of purpose, values vital for leaders

BY WONG WEI-SHEN

PETALING JAYA: The Iclif Leadership and Governance Centre aims to help individuals find their purpose in life and values, among others, at the upcoming Leadership Energy Summit Asia 2013 (LESA). “I strongly believe that genuine leadership transformation is only possible when there is clarity of purpose and values together with a deeper understanding of human consciousness,” said Iclif chief executive officer Rajeev Peshawaria in an e-mail interview with StarBiz. Read more of this post

From Tickle Me Elmo to Big Hugs Elmo: nearly two decades of Christmas toy dominance

From Tickle Me Elmo to Big Hugs Elmo: nearly two decades of Christmas toy dominance

By Roberto A. Ferdman @robferdman

November 22, 2013

Christmas time is Elmo time. The lovable red monster from Sesame Street has been one of the most popular gifts in the US nearly every year since 1996. And his dominance reveals a lot about the state of the American toy industry. Each year’s Elmo is a different interactive incarnation. The latest, Big Hugs Elmo, has been declared one of this year’s hottest toys on every list known to US moms: Toys R Us’sTarget’s, etc. It follows in the steps of, to name just a few, Rock ‘n Roll Elmo, Chicken Dance Elmo, Hokey Pokey Elmo, TMX Elmo, Let’s Rock Elmo, and the bestselling Elmo of all time, Tickle Me Elmo. Read more of this post

Meet the accountant behind Yogurtland who is bringing California’s frozen yoghurt craze to Australia

Nassim Khadem Reporter

Meet the accountant behind Yogurtland who is bringing California’s frozen yoghurt craze to Australia

Published 25 November 2013 09:42, Updated 25 November 2013 11:58

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Yogurtland Australia chief executive Paul Siderovski: “The Australian market’s ripe to adopt the US frozen yoghurt craze.”

It was only a matter of time before Australians jumped on board with California’s frozen yoghurt food craze. Yogurtland, the frozen yoghurt company that started in Fullerton, California in 2006, came to Australia in January. The international franchise chain of frozen yoghurt stores now has more than 200 locations across Australia, the US, Guam, Mexico and Venezuela. The company’s target is to expand beyond 550 stores by 2015 and 1000 stores by 2017. Read more of this post

How Larry Bird built the Pacers into a title contender

How Larry Bird built the Pacers into a title contender

Phil Richards, USA TODAY Sports2:05 p.m. EST November 22, 2013

In 2004, the Pacers appeared poised a title run with a young, talented nucleus. Then came the brawl. But Indiana is back. Larry Bird and Donnie Walsh tell the inside story of the rebuild.

STORY HIGHLIGHTS

Indiana Pacers President Larry Bird rebuilt franchise in wake of 2004 brawl, fractured roster

Hall of Fame player’s biggest moves came in 2010, 2011, in adding Paul George and others

Bird had help in veteran executive Donnie Nelson, and both look back on how it happened here

Larry Bird’s gut told him it was time. The Indiana Pacers had lost seven of their past eight games, but that wasn’t the stretch Bird was looking at. He was looking ahead. He saw a stretch of 10 games and figured coach Jim O’Brien could win at least seven of them. Read more of this post

How Martin Gilbert, the City’s original bogeyman, pulled it out of the fire again; You wouldn’t bet against Aberdeen’s controversial chief executive Martin Gilbert

How Martin Gilbert, the City’s original bogeyman, pulled it out of the fire again

You wouldn’t bet against Aberdeen’s controversial chief executive Martin Gilbert

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9:00PM GMT 24 Nov 2013

If Martin Gilbert had a personal share price, it would have wrong-footed the best money managers in the world. Last week the boss of Aberdeen Asset Management nimbly snapped up Scottish Widows Investment Partnership (SWIP) for £660m, his 40th acquisition since founding the group 30 years ago. As a result, Aberdeen will leap-frog the 200-year-old Schroders to become not only Britain’s biggest fund manager but the largest investment house outside America. The shares leaped too; Aberdeen, which only joined the FTSE100 last year, is up 41pc in 12 months. Read more of this post

Keynes’s new heirs: Britain leads a global push to rethink the way economics is taught

Keynes’s new heirs: Britain leads a global push to rethink the way economics is taught

Nov 23rd 2013 |From the print edition

FOR economists 2008 was a nightmare. The people who teach and research the discipline mocked by Thomas Carlyle, a 19th-century polemicist, as “the dismal science”, not only failed to spot the precipice, many forecast exactly the opposite—a tranquil stability they called the “great moderation”. While the global economy is slowly healing, the subject is still in a state of flux, with students eager to learn what went wrong, but frustrated by what they are taught. Some bold new projects to retune economics aim to change this. Read more of this post

All about Adam: A furious—and political—debate about the origins of mankind

All about Adam: A furious—and political—debate about the origins of mankind

Nov 23rd 2013 |From the print edition

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THAT old-time religion is strong in America. To take just one measure, for decades more than 40% of all Americans have consistently told Gallup pollsters that God created humans in pretty much their current form, less than 10,000 years ago. They are embracing an account of man’s origins promoted by Young Earth Creationists who lean on a painstakingly literal reading of the Scriptures, swatting aside the counter-claims of science (fossils are a relic of Noah’s flood, they argue, and evolution is a myth peddled by atheists). In a recent poll 58% of Republicans and 41% of Democrats backed creationism. The glue that underpins such faith is the principle of Biblical inerrancy—a certainty that the Scriptures are infallibly and unchangingly true. Read more of this post

DaVita Spared as Medicare Wipes Out 9.4% Dialysis Cut

DaVita Spared as Medicare Wipes Out 9.4% Dialysis Cut

DaVita HealthCare Partners Inc. (DVA), Fresenius Medical Care AG (FME) and other dialysis companies received a break from U.S. regulators, who are scrapping a proposed 9.4 percent cut in Medicare payments to the companies next year. DaVita, the second-largest dialysis provider in the U.S., rose 13 percent in late trading after the Centers for Medicare and Medicaid Services finalized a rule today that keeps payments flat for 2014. Medicare proposed in July the 9.4 percent cut in pay for treating patients with end-stage renal disease. Read more of this post

Dolby family invests $3m in ASX-listed Alzheimer’s testing company Cogstate

Caitlin Fitzsimmons Online editor

Dolby family invests $3m in ASX-listed Alzheimer’s testing company Cogstate

Published 25 November 2013 11:32, Updated 25 November 2013 13:07

It takes decades before Alzheimer’s disease becomes dementia but a new test might be able to detect it in people who are still well. Photo: Jessica Shapiro

US billionaire Dagmar Dolby, the widow of inventor Ray Dolby, has taken a $3 million stake in Australian medical company Cogstate. The investment is part of a $7.5 million capital raising to accelerate the roll-out of Cognigram, a test that lets doctors detect early-stage Alzheimer’s disease. Read more of this post

Bitter pill for traditional Chinese medicine; New quality and safety rules may stifle sales prospects of TCM in the European market

Bitter pill for traditional Chinese medicine

By Zhang Chunyan in London ( China Daily )Updated: 2013-11-25 01:48:30 Read more of this post

Signs of rapidly worsening Chinese demand for IT giants IBM and Cisco Systems Inc are starting to spook Hewlett-Packard investors

HP may have yet another problem: China

10:06am EST

By Poornima Gupta

SAN FRANCISCO (Reuters) – Signs of rapidly worsening Chinese demand for IT giants IBM and Cisco Systems Inc are starting to spook Hewlett-Packard investors. HP’s year-long stock rally sputtered last week amid fears a faster-than-anticipated slowdown in emerging markets, above all China, may dash the computing giant’s hopes for a return to growth in 2014 or beyond. Read more of this post

Intel Looks Beyond Traditional Markets; Intel’s Newly Appointed President Renée James Talks About Embracing Market Trends in Asia and Plans for the Company’s Growing Cash Pile

Intel Looks Beyond Traditional Markets

Intel’s Newly Appointed President Renée James Talks About Embracing Market Trends in Asia and Plans for the Company’s Growing Cash Pile

YUN-HEE KIM

Nov. 24, 2013 1:13 p.m. ET

Technology companies are looking beyond traditional PCs, smartphones and tablets to drive growth in the next decade, and Intel Corp. INTC -5.39% wants to be ahead of the curve. The Santa Clara, Calif.-based semiconductor maker, which initially lagged behind rivals in mobile computing, is developing chips that can be used in wearable devices and placing more emphasis on software and services to drive growth. The moves are important because Intel, which has traditionally focused on chips for personal computers, expects next year’s revenue to be flat because of weak PC sales. Read more of this post

Google’s showcased shopping found to come at a premium; Five out of every six items in the panels shown on a Google search made in America are more expensive than the same items from other merchants hidden deeper in the index

November 24, 2013 8:01 pm

Google’s showcased shopping found to come at a premium

By Richard Waters in San Francisco

Anyone in the US doing their holiday shopping from the product showcases that appear at the top of Google’s search results is almost certain to pay substantially more than if they delved deeper in the search engine. Five out of every six items in the panels shown on a Google search made in America are more expensive than the same items from other merchants hidden deeper in the index, with an average premium of 34 per cent, according to a Financial Times analysis. Read more of this post

TV Is Dying, And Here Are The Stats That Prove It

TV Is Dying, And Here Are The Stats That Prove It

JIM EDWARDS NOV. 24, 2013, 10:11 AM 566,542 116

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The TV business is having its worst year ever. Audience ratings have collapsed: Aside from a brief respite during the Olympics, there has been only negative ratings growth on broadcast and cable TV since September 2011, according to Citi Research. Media stock analysts Craig Moffett and Michael Nathanson recently noted, “The pay-TV industry has reported its worst 12-month stretch ever.” All the major TV providers lost a collective 113,000 subscribers in Q3 2013. That doesn’t sound like a huge deal — but it includes internet subscribers, too. Read more of this post

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Qualcomm Ages Gracefully; Wireless chip-maker may be having something of a midlife crisis as it matures with the cellphone market. But it’s not about to embarrass itself—or investors

SATURDAY, NOVEMBER 23, 2013

Qualcomm Ages Gracefully

By RESHMA KAPADIA | MORE ARTICLES BY AUTHOR

Wireless chip-maker may be having something of a midlife crisis as it matures with the cellphone market. But it’s not about to embarrass itself—or investors.

In an industry that prizes youthful energy, investors have been worried about a midlife crisis at wireless chip giant Qualcomm . Ageists will miss out: Qualcomm is still fit and has the resources to stay healthy and profitable for a good long time. Qualcomm (ticker: QCOM) dominates the market for communications chips used in smartphones and wireless devices worldwide, and has an estimated three-year lead over competitors in the latest cellular technology, known as LTE. In addition to manufacturing its own chips, it licenses its technology to other chipmakers, which provides a lucrative royalty stream. Read more of this post

Moocs are no magic bullet for educating Americans; Methods of teaching make only marginal difference if content is irrelevant to the jobs market

November 24, 2013 7:08 pm

Moocs are no magic bullet for educating Americans

By Edward Luce

Methods of teaching make only marginal difference if content is irrelevant to the jobs market

Optimists have scoured the dictionary for superlatives to describe the future of internet education. But the cult of the Mooc – massive online open courses – took a blow last week when one of its leading Silicon Valley pioneers, Sebastian Thrun,described it as a “lousy product”. Students taking Mr Thrun’s online courses at Udacity performed far worse – and dropped out in far higher numbers – than those with a human instructor. Mr Thrun, who invented the self-driving car, is at least temporarily dropping out of the business. Luddites everywhere will be feeling vindicated. Read more of this post

After 32 years, BRW goes out of print; For much of its 32-year history, BRW had the highest per capita circulation in the world for a business magazine

Leo D’Angelo Fisher Columnist

After 32 years, BRW goes out of print

Published 25 November 2013 00:29, Updated 25 November 2013 11:46

For much of its 32-year history, BRW had the highest per capita circulation in the world for a business magazine. At its peak it boasted a circulation of 80,200. But a flat and rapidly fragmenting advertising market, consumer preference for digital platforms and a sluggish economy have finally caught up with one of Australia’s most respected media brands. Read more of this post

The Weinstein Company, Seeking Hits, Shift to TV; The heavy investment in the production and sale of TV series mirrors changes occurring elsewhere in Hollywood

November 24, 2013

The Weinstein Company, Seeking Hits, Shift to TV

By MICHAEL CIEPLY

LOS ANGELES — As Oscar season approaches fever pitch, Harvey Weinstein, master of the movie awards game, is talking about … television. The Weinstein Company, founded eight years ago by Mr. Weinstein and his brother, Bob, is making a surge into TV production that will soon test whether it can extend its success in film to the world of television. Read more of this post

Though Silicon Valley insists there is not a technology bubble, average investors should be cautious, especially when many highly valued companies have yet to produce earnings

NOVEMBER 24, 2013, 1:05 PM

Disruptions: If It Looks Like a Bubble and Floats Like a Bubble …

By NICK BILTON

SAN FRANCISCO — It sounds like heresy around here. But here goes: Is this another tech bubble? Back East, the Wall Street money is starting to worry that it feels like 1999 all over again. Money-losing technology companies are going public at you’ve-got-to-be-joking prices. The founders of Snapchat are getting multibillion-dollar offers — and turning them down. And the Nasdaq composite index, a visible symbol of the ’90s dot-com boom and bust, is a sneeze away from 4,000, a level it last reached just before, well, you know. Read more of this post

One Way or Another, Big TV Is Getting Bigger. Will You Care?

One Way or Another, Big TV Is Getting Bigger. Will You Care?

Published on November 22, 2013
by Peter Kafka

Can Comcast, the country’s biggest pay-TV provider, really get bigger? That’s the scenario that’s floating out today, sparked by CNBC’s report that Time Warner Cable, the country’s second-biggest cable company, might be looking to Comcast as a white knight. That’s because Charter Communications, another big cable operator, is getting ready to make an offer for Time Warner, and Time Warner either wants a different buyer or at least someone to raise the price for its eventual takeout. Read more of this post

Reincarnation at Nokia: Planning the next bounceback; After the sale of its devices division to Microsoft, what was once the world’s biggest mobile-phone maker is reinventing itself. Again

Reincarnation at Nokia: Planning the next bounceback; After the sale of its devices division to Microsoft, what was once the world’s biggest mobile-phone maker is reinventing itself. Again

Nov 23rd 2013 | HELSINKI |From the print edition

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SAMULI SIMOJOKI knew the outcome was a formality, but he still wanted his say, “not so much as a Nokia shareholder, but as a Finn.” Mr Simojoki, a lawyer from Helsinki, was one of the 3,200 who attended the company’s extraordinary general meeting on November 19th. He voted against the only motion, the proposed sale of Nokia’s mobile-phone division to Microsoft for €3.8 billion ($5.4 billion) in cash. More than 99% of votes were cast in favour. When the deal is sealed early in 2014, Nokia, once the world’s biggest maker of mobile phones, and still its second-biggest, will be out of the business. Read more of this post

That queasy feeling when a Web rally starts losing steam

That queasy feeling when a Web rally starts losing steam

KEVIN KELLEHER 
ON NOVEMBER 24, 2013

What happened to the Great Web Rally of 2013? Until two months ago, investors were clamoring for companies in the sector so much they were willing to buy stocks with triple-digit PE ratios. They snapped up well-known names that had a track record of losses. After years of shying away from Web stocks, investors couldn’t get enough. Read more of this post

The Financialization of Commodity Markets

The Financialization of Commodity Markets

Ing-Haw Cheng Dartmouth College – Tuck School of Business

Wei Xiong Princeton University – Department of Economics; National Bureau of Economic Research (NBER)

October 1, 2013

Abstract: 
The large inflow of investment capital to commodity futures markets in the last decade has generated a heated debate about whether financialization distorts commodity prices. Rather than focusing on the opposing views concerning whether investment flows either did or did not cause a price bubble, we critically review academic studies through the perspective of how financial investors affect risk sharing and information discovery in commodity markets. We argue that financialization has substantially changed commodity markets through these mechanisms.

Where India has advantage over China

November 24, 2013 7:43 pm

Where India has advantage over China

Review by James Crabtree

McKinsey’s ‘Reimagining India’ portrays a state that is at least able to discuss itself openly

Unlocking the Potential of Asia’s Next Superpower, Edited by McKinsey & Company, (Simon & Schuster, $29.95)

India’s parliamentary elections next year, like each of its predecessors, will be the biggest in history. They are also set to be among its most engrossing. Mostly this is down to personality, given the rowdy contest betweenNarendra Modi, the prime ministerial candidate of the opposition Bharatiya Janata party; and Rahul Gandhi, scion of the ruling Congress party’s family dynasty. But the battle also offers an ideological choice: the former’s centre-right agenda of better governance and economic reform against the latter’s focus on social welfare. Read more of this post

Muddy Waters NQ Call Fails to Halt IPOs: China Overnight

Muddy Waters NQ Call Fails to Halt IPOs: China Overnight

Chinese companies are selling shares in New York at the fastest pace in two years less than a month after short seller Carson Block’s call spurred a 62 percent plunge in Beijing-based NQ Mobile Inc. (NQ) Three Chinese companies have debuted on U.S. bourses this month, raising $345.4 million, the most since May 2011, when six companies listed $1.3 billion of shares. 500.com Ltd., an online sports lottery service, raised $75.2 million in an initial public offering. Sungy Mobile Ltd., which makes applications for Google Inc. (GOOG)’s Android software, sold 7 million shares at $11.22. 58.Com Inc. (WUBA), an online marketplace similar to Craigslist, and travel agency Qunar Cayman Islands Ltd. (QUNR) have sold shares above their price targets since Oct. 30. Read more of this post

Thai Anti-Government Protests Swell as Yingluck Calls for Unity

Thai Anti-Government Protests Swell as Yingluck Calls for Unity

Thai anti-government groups pledged to spread their protest to military bases, government offices and television stations today after more than 100,000 people joined rallies to oust Prime Minister Yingluck Shinawatra. “We will not stop even if she dissolves parliament or resigns,” Suthep Thaugsuban, a former member of the largest opposition party who resigned this month to lead the protests, told supporters at Bangkok’s Democracy Monument. “We will create a real democracy with the king as the head of state.” Read more of this post