Fresh Pick of the Day, July 2, 2014: “Capital Business Business Rx – Go East, entrepreneurs”

From Washington Post – “As we see in the news each day, China’s winds of change blow in both directions. Although the path forward is not clear, it is there. There is a window of opportunity for entrepreneurs willing to invest the time to understand the culture, business practices, and customer demands. Even if you don’t book a ticket, think of a way to connect with China in some way beyond your local restaurant.”

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Fresh Pick of the Day, July 1, 2014: “The Value of Authenticity from Stanford University”

From Stanford University’s Glenn Carroll – “Researchers find that when consumers assess products, they really want the real thing. One of the biggest trends driving consumer consumption during the past decade is the demand for “real,” or authentic, items. Farmers markets, microbreweries, and all kinds of artisanal crafts, to name a few examples, have jumped in popularity”

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Fresh Pick of the Day, June 30, 2014: “Demography, growth and inequality – Age invaders”

From the Economist Magazine – A generation of old people is about to change the global economy. They will not all do so in the same way

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Fresh Pick of the Day, June 27, 2014: Rising Oil Prices Loom Over World Economic Recovery

From Bloomberg Businessweek – “The global economy faces a new threat from an old enemy: oil. A spike in the price of crude foreshadowed economic slumps in each of the last four decades. So economists are worrying because the price of Brent crude, considered the benchmark for the industry, recently reached its highest point in nine months—above $115 a barrel. The jump in price came amid fresh violence in Iraq, the Organization of the Petroleum Exporting Countries’ second-biggest producer after Saudi Arabia. Brent started the year about $6 cheaper.”

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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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