Fresh Pick of the Day, June 26, 2014: “Managing Advertising Spending Across the Globe”

From Knowledge@Wharton & BCG- “The biggest companies can operate across 50-100 or more countries, and deal with 1,000 outside agencies. It seems almost certain that some inefficiency will creep in. But how do you harmonize the many parts? In this interview, Hemmige explains how largest firms tend to suffer from agency proliferation, rate creep and other inefficiencies that burn through cash that could otherwise fuel extra media buys.”

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Fresh Pick of the Day, June 25, 2014: “The Power Of Benchmarking Nature And Other Industries To Generate Breakthrough Innovation Ideas”

From Forbes – ” Thomas Edison, who was a methodical inventor, once said “to invent you need an imagination and a pile of junk” (aka stimuli).  One of the very best forms of stimuli comes from looking at other industries for ideas, relevant analogies, and problem solving.  The trickiest part is to figure out which industries to benchmark.  That, in itself, requires brainstorming sessions.  Biomimicry is an area that has proven extremely fruitful across a range of industries, as nature has solved many problems through evolution, and the best solutions in nature often determined which creatures and plant life survived and thrived.  What follows are 10 examples of bio-mimicry and other types of benchmarking outside of nature that have proven highly relevant for new product and service development.”

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Fresh Pick of the Day, June 24, 2014: “Getting the Risk-Reward Ratio Right in Emerging Markets” from CFO Magazine

From CFO Magazine – “For every company that thrives in a foreign market, probably five companies stumble.  The complexities of entering a foreign market can result in many strategic mistakes and missteps. Even businesses that eventually “win” in a geographic region can teeter on the edge for years. Wal-Mart, for example, stormed Japan in the late 1990s, hoping to export its supply chain practices and “everyday low price” model to a distinctly different consumer shopping culture. The giant discounter struggled until recently.”

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Fresh Pick of the Day, June 23, 2014: “Some traditional businesses are thriving in an age of disruptive innovation” from The Economist

From The Economist, Schumpeter – “How do businesses go about reviving old technologies in the face of so much innovation? Mr Raffaelli argues that the key to success lies in redefining the product’s value and meaning. Swiss watchmakers redefined their products as status goods rather than a means of telling the time. That they are so much harder to make than digital watches added immeasurably to their desirability. Independent booksellers are redefining themselves as communities where people who care about books meet and socialise. Trams are re-emerging as a green solution to both pollution and urban sprawl: a striking number of the cities that are adopting them are formless sunbelt cities.”

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Fresh Pick of the Day, June 20, 2014: “Five facts about shadow banking” from FT.com

From FT.com – Short video about shadow banking

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Fresh Pick of the Day, June 19, 2014: How will the new Southeast Asian community resolve its differences?

From Nikkei Asian Review – “The commitment of Asean leaders to the AEC represents a dramatic expansion in the group’s remit — from an organization focused merely on lowering formal barriers in goods trade to the creation of a single market that covers goods, services, investment and beyond in ways that previously had only scratched the surface.”

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Fresh Pick of the Day, June 18, 2014: Climate Change- Weighing the Future From The Economist

From The Economist – “There is a risk that climate change will happen faster or be more costly than we anticipate, possibly threatening humanity’s very existence. Whether or not it makes sense to pay to cut emissions in order to enjoy the benefits of slower warming, it is worth taking action now in order to reduce the odds of a civilisation-ending outcome. Though that argument makes quite a lot of sense, it does leave some economists unsatisfied. Surely the costs of warming are high enough that it’s worth cutting emissions to stop it, whether or not it threatens our very existence, right?”

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Fresh Pick of the Day, June 17, 2014: Ten Tips for Building Stronger Networks in Work and Life from Stanford University

From Stanford Re: Think – Most people understand that to be successful, they need to network. But actually going out and doing it is another matter. People “are daunted by the task and believe it requires inauthentic, uncomfortable behavior and is an activity that is inconsistent with focusing on job performance,” says Jeffrey Pfeffer, a Stanford professor of organizational behavior, who covers the subject of networking as part of his Paths to Power elective course. Too often, he says, people view networking “as something that ‘is not them’ or that they could not see themselves doing.”

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