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.”
Fresh Pick of the Day, June 23, 2014: “Some traditional businesses are thriving in an age of disruptive innovation” from The Economist
From FT.com – Short video about shadow banking
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.”
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?”
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.”
From Knowledge@Wharton – “The reshoring trend is rocking global business, with hundreds of companies working to bring their manufacturing operations back from China to North America”
A leadership guide featuring step-by-step how-tos, Wall Street Journal stories and video interviews with CEOs. Here are seven lessons for leaders charged with leading their organizations through a crisis.
Fresh Pick of the Day, June 10, 2014: “Corporate attempts at innovation are overwhelmingly dying on the vine”
From Washington Post- “The lion’s share of corporate innovation projects are not making it to the market, according to a survey from Fahrenheit 212. The innovation consulting firm asked 100 chief innovation officers from multinational corporations what percentage of their innovation projects make it to market. Forty-five percent of respondents said fewer than 10 percent of their projects did. Twenty-one percent of those surveyed said between 10 and 25 percent of their projects made it to market.”