Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Tuesday

define: economy

To me, the word "economy" covers all the sciences and techniques facilitating the comprehension of a system or an activity (ie individual, society, company, living organism...).

Economy can use mathematics, social sciences, history, psychology, ethnology... you name it.

That's what makes its charm, and the reason why I chose this path instead of more hemiplegic studies (back then, it was either "sciences" or "literature").

Like politics, economy is fundamentally noble, but reality a slightly different matter. We shall win over nowadays depression only by opening ourselves up to economy, not by trying to elude it because we forgot what it means for the future of this planet (see "
This is not a financial crisis").

Friday

On the future of globalization

20070613
(answer to the question "What is the future of globalization?")

We have come to the point time and space cannot be shrunk any more significantly. Our instant societies allow people to seize opportunities at the other end of the planet in a blink. Reaching the cutting edge requires tools that are now almost commoditized. Differenciation becomes difficult.

To me, the financial system is on the verge of a turning point, things will have to change. A consensus on the diagnostic should emerge as surely as it did on our environment. I'm not sure transitions will be smooth. Globalization demands a global approach, a comprehensive approach. People fear for their identities, their culture, their independence, but they also feel things have to change.

Alter-globalization is not very mature nowadays, mostly reactionary or conservative in a sense it proposes XIXth century alternatives, as radical as the ones it condemns.

On Boeing and Airbus

20070613
(answer to the question "Boeing & Airbus what are the similarity & differences ? Where are they heading actually ?")

Airbus' hubris mirrors that of Boeing in the 90s. Both are heading for big disapointments if they keep believing they live in a duopoly.

It won't take long for China to come rockin' and rollin'. And the beauty of it is that China offers yet another kind of public subsidies : neither the US DoD model, nor guarantee from national governments, but the massive demand of private companies controlled by the board of China Inc.

On sustainable arrested development

20070606
(answer to the question "Sustainable development : illusion or action")

- Most companies are still at the "feel good PR" stage.

- A significant number of them are getting serious, and the past few years brought significant tools (ie labels, environmental tools...), beyond general awareness and a consensus from the public on key issues. Economists are embracing ecology as a key topic, ecology becomes a key issue in economics (see recent reports on the costs of global warming). Beyond the buzz, there are now high expectations for action (from all circles, social, economical and political).

- The swiftest ones have already understood a lot of money could be made, and great competitive advantages taken.

On happiness and business leadership

20070607
(answer to the question "Do you know any happy business leaders?" - for a book project)

There are quite a few happy business leaders out there. But how about the "ever after" part of the tale ? I guess that could make an interesting chapter to wrap your fairy tales up.

Most biz leaders discover the hollowness of their quest at the end of the corporate road, especially those who didn't create their company. Being a former CEO doesn't mean anything, and even Jack Welch didn't recover from this first death.

Many try to compensate in a different dimension (ie philantropy, the Gates / Buffet syndrom). It depends on the kind of leader : some are born to rule and command, only a few have something that makes them special whatever they do, even when they do nothing, because it is about who they truly ARE.

About think tanks

20070604
(answer to the question "What is the business model for a Think Tank?")

There is a room between dark conspiration theories and total transparency. Basically, a Think Tank is an Outsourced Lobbying Tool, a Non-Profit Outfit for big profit companies (kind of "His Master's Voice" without the Marconi logo).

Some are Hot Air Factories specifically designed to accelerate Global Warming. The funding system is similar to that of a lobby, the casting generally slightly different. You just have to offer a few big lunches to a few big names.

Some actual non-profit initiatives (people who prefer the think thing to the tank thing) prefer the Foundation business model for an easier financing (in : taxes - out : expenses of VIP members who would not join otherwise) and a clearer legal frame.

My favorite business publication

20070531
(answer to the question "What´s your favourite business publication?")

The Economist. They won't tell you everything, but they have a unique way of telling things. You are not compelled to agree with everything but it's never boring. The European / UK origin shows but they cover all areas rather fairly. I remember warning many colleagues about the internet bubble years ago, to no avail. To me that bubble burst around February 1998, when a dramatic @@@@@@@@rgh scream splashed The Economist's cover. I passed that article around and it instantly calmed quite a few gamblers down.

On mankind growing by learning from its mistakes

20070519
(answer to the question "Do you think that mankind has grown by learning from its mistakes ?")

Our civilization has been surviving for quite a few centuries and won't vanish overnight like the Maya's... unless someone decides to push that darn red button that is. I'd say mankind has grown to the point it became one civilization, and it has no choice but to learn from its mistakes. I don't think mankind has always grown by learning from its mistakes but I know it can't keep growing without it. The XXIst century is key at all levels (environment, economics, politics, religion, health, social divides...).

Such "positive" thinkers as Lobby Dick Cheney could dub Yugoslavia's collapse and the Rwanda or Darfur scandals the "last throes" of the old order (heck : some dictators have been "smoked out" even in Africa), but I'm not so sure. Ten-twenty years from now, we'll eventually have some notions of what can be achieved during this century.

On books on business knowledge

200705
(answer to a question on the "Pretence of Business Knowledge")

As an author, I don't believe in books. Some people are swallowing books like pills to enhance their performance. I've never heard of a great businessman / manager who learnt from the books.

Experience, sharing views, challenging one's own way of thinking and seeing things, opening up beyond one's business and environment... this is actual business knowledge.

My favorite NGO / charity

200705
(answer to the question "What is your favorite NPO / NGO / Charity? & Why is it your favorite?")

Wal-Mart.
By far the most successful organization when it comes to make third world countries converge with US social standards. Working the other way round proved quite disruptive but efficient.

;)

Is brand loyalty dead ?

200705
(answer to the question "Is brand loyalty dead?")

As Roy E. Disney smartly reminded us, brands are for cattle. If you are loyal to a brand, you are as dumb as a cow. You are loyal to a company that respects something somehow. You know the company wants to make business with you but you don't want to end up as a medium rare steak. I take what I need, you take what is fair. No one loses. You are loyal to a fair partner. Basically, P&G and their likes are still XXth Century foxes in the hen house. This model can't last long.

On SWOT analysis

200705
(answer to a question on SWOT analysis templates)

I never used any template for a SWOT. I cannot open up my mind in closed walls. You must have a comprehensive view of your environment, but always a fresh one. You must always challenge it, leveraging on the expertise around you. Do not see your company and your environment as you see it but as your coopetitors would do. And don't see competitors as competitors ; see beyond your market to spot new coopetitors.

Rule number one : have fun. You know you cannot cover every dimension nor every angle so relax and embrace uncertainties. If you are looking for a competitive edge, think ahead.

20070606
(answer to another question on SWOT analysis in general)

SWOT is only a frame, and the value doesn't lie in the frame. Your kid's drawing may look terrific, you probably wouldn't get as much money from it as if you sold your Basquiat over eBay. Besides, SWOT should be open and dynamic, evolutive. It is a (big) picture, but you should be able to see the movement behind, get the notion of what's missing.

Saving the US automobile industry

200705
(answer to the question "What can be done to save the U.S. Automobile Industry?")

Stop thinking as the US Automobile Industry.

Start thinking as mobility service providers in a new, open, competitive but respectful and responsible environment.

Entrepreneurial culture and market valuations

200706
(answer to the question "Do you believe that large companies with more entrepreneurial cultures have higher stock market valuations than their more traditional counterparts ?")

To my humble opinion, the stock exchange is not the place where actual business is being done, except for stock traders. If you don't accept that fact, if you don't realize that you are in a different level of reality, you may wake up in the middle of a Twilight Zone episode.

That said, take two companies from the same field and with the same assets. In a rational market, the company with the higher value should be the one with the higher potential to grow beyond its current position.

But the market is not rational, there is no such thing as two similar companies, and communication / propaganda plays too big a role out there, especially where "culture" is involved. Remember the late nineties ?

India 10 years from now

200703
(answer to the question "What are the images that come to your mind when you think of India 10 years from now?")

Plenty of hot spots and a few dark pits : a huge, diverse and beautiful powerhouse facing major problems which could endanger its very integrity. Beyond poverty, I'm thinking about terror, separatisms and religious clashes fueled by international fundamentalisms. Nationalism is bound to rise and I do hope it won't be only the wrong kind of nationalism.

Moderates may eventually rise against these attacks on the oldest democracy, and a positive common conscience could emerge as a new power, like South Korea's netizens. I also hope the urban / rural and litterate / illiterate divides will be better dealt with. I see more conglomerates become major players at the global level, but more and more in services instead of industries.

Loosers under capitalism

200703
(answer to the question "Are you a loser under capitalism ?" - only the fittest survive)

I read some interesting research about evolution and the relation towards risk taking for humans. Our brain couln't evolve as fast as our civilisation, and some of us still need the occasional chill to prove their ability to survive in a prehistoric environment. From that, one may deduce entrepreneurs or extreme sports lovers somehow missed some steps somewhen. They are great survivors where the law of the jungle is applied but global warming means the end of rain forests...

So here is my answer : I must be a loser under capitalism but could turn out to be a winner under evolution... which I don't consider such a sweet victory (ruling over a desert, anyone ?)

About great technos and great business models

200703
(answer to the question "Does a great business model foster great technology, or does a great technology foster great business models ?")


I've survived a couple of start-ups in the innovation field and I know two things : great technology can be a curse, and failing to deliver a death warrant. If I get your question right, you have both techno geniuses and marketing whizz kids, and you are wondering what a brainy manager would do to get the most value out of this explosive combo.

First : lock patents, don't waste your gems and don't let them go. They shouldn't feel like they are locked in a monolithic joint playing a "us vs them" game. You foster innovative approaches in general and as a general you must take decisions. If time to market is key, keep a playing ground for research - give your techies time to work on pet projects in exchange for the delivery of the dreadful quick-and-dirty gizmo your salesforce requires. Market the smart upgrades while selling the monster. It may work even if you are not Microsoft.

Actually, that's the essence of Google part II (growing into a powerhouse beyond the initial innovation) : the new bricks added to the edifice are either smart tools fresh from the lab or quick and dirty me-too products launched basically to fill the blanks, the time for competitive upgrades to be completed. You may not be able to stretch your staff that far, but at least mentioning Google could help stretch the smile on your investors' face for a while.

Define: intellectual capital

I would define it as the maximum potential of intangible assets for a given company. Putting a value on a patent is one thing, putting a value on a member of your staff another, not to mention the countless combinations of internal and external networking.

FC Nantes' former soccer coach, Raynald Denoueix, used to say a player costs a lot, another player costs a lot, and what goes between them is unvaluable. One could try building a scoring tool taking into account all variables including the networking abilities but I wouldn't pay much attention to a monodimensional score. To me, it is like IQ : it may look convenient but you can neither sum up nor shrink intelligence into one dimension.

Yet, you are into strategy and development consulting, your clients expect some nice and efficient tools. I would try a spiderweb shaped matrix (ie 5-notch-axis).”

200703
(answer to the question "How would you define & meassure the "Intellectual Capital" of a company?")

Define: partnership

Partnership is a mode of relationship that goes beyond the standard / natural mode usually observed in a given environment.

1) ie in business : beyond sell / buy
2) ie at the personal level : beyond love / hatred, family / friendship
3) ie in the wilderness : beyond symbiosis / parasitism / predation

Binding or not, a partnership is decided by all parties and requires their involvement and agreement.
=> Partnership truly requires intelligence, an understanding of one's environment beyond the natural reach. In a successful partnership, both parties fully understand each other's environment, which generaly includes a new point of view on their selves.

200703
(answer to the question "Partnership - what is it ?")

Thursday

Red Blogule to BUSH, THE NEW HUGO CHAVEZ

Archives 20040902 (see blogules 2004)

Stop demagogy!

Dubya is using the same tricks as Chavez and could get the same results as his fellow dictator if the American audience doesn't get any wake up call. Soon.Time to remember how inspirational the man can be, but how delusive he actually is.

Time to say "It's democracy, stupid".

Some extracts from his inauguration speech (20010120) :

  • . "Through much of the last century, America's faith in freedom and democracy was a rock in a raging sea. Now it is a seed upon the wind, taking root in many nations."
    => A seed of torture upon a wind of shock and awe. What kind of freedom and democracy are you talking about?
  • . "America, at its best, matches a commitment to principle with a concern for civility. A civil society demands from each of us good will and respect, fair dealing and forgiveness."
    => Some still do expect that from you. Along with apologies.
  • . "If we permit our economy to drift and decline, the vulnerable will suffer most".
    => You're gifted with precognition, man.
  • . "We will confront weapons of mass destruction, so that a new century is spared new horrors".
    => And we will use weapons of mass disinformation, so that our voters are spared the horrors we provoque and even sometimes commit.
  • . "The enemies of liberty and our country should make no mistake: America remains engaged in the world by history and by choice, shaping a balance of power that favors freedom. We will defend our allies and our interests. We will show purpose without arrogance. We will meet aggression and bad faith with resolve and strength. And to all nations, we will speak for the values that gave our nation birth."
    => Make no mistake : now all nations despise your arrogance and your betrayal of your own nation's values.
  • . "And I can pledge our nation to a goal : when we see that wounded traveler on the road to Jericho, we will not pass to the other side."
    => Yeah. You just drove the damn tank over him. And made sure the damns walls were fully destroyed.
  • . "America, at its best, is a place where personal responsibility is valued and expected."
    => Thus, we'd value and are expecting your non reelection.
  • . "Our public interest depends on private character, on civic duty and family bonds and basic fairness, on uncounted, unhonored acts of decency which give direction to our freedom."
    => Family bonds it is. Along with honored acts of indecency. The problem is the public interest depends on your very private character.
  • . "After the Declaration of Independance was signed, Virginia statesman John Page wrote to Thomas Jefferson : 'We know the race is not to the swift nor the battle to the strong. Do you not think an angel rides in the whirlwind and directs this storm ?' Much time has passed since Jefferson arrived for his inauguration. The years and changes accumulate. But the themes of this day he would know: our nation's grand story of courage and its simple dream of dignity. We are not this story's author, who fills time and eternity with his purpose. Yet his purpose is achieved in our duty, and our duty is fulfilled in service to one another. Never tiring, never yielding, never finishing, we renew that purpose today, to make our country more just and generous, to affirm the dignity of our lives and every life. This work continues. This story goes on. And an angel still rides in the whirlwind and directs this storm."
    => What a quote ! You knew from the start the race was about swift boats and dignity. You just don't fit in, and the Karl Rove directing the storm is no angel. Learn more about duty and service in your public library (I don't think there will be many other books in your own prez library than your faves : "My Pet Goat", the Reverend Moon's autobiography, "An End To Evil" by Richard Pearle and David Frum... and of course The Stubborn Again Christian Handbook...).
Some extracts from Dubya's acceptance speech (20001213) :
  • . "Our nation must rise above a house divided. Americans share hopes and goals and values far more important than any political disagreements"
    => Are the US more divided now than 4 years ago ? Betcha !
  • . "I know America wants reconciliation and unity. I know Americans want progress. And we must seize this moment and deliver."
    => Like seizing Iraq and delivering goodies to old pals ?
  • . "Together, guided by a spirit of common sense, common courtesy and common goals, we can unite and inspire the American citizens".
    => Courtesy might be your middle name, when you let Karl do the dirty job (I love the "Turd Blossom" you use as a nickname for your first counselor).
  • . "Together, we will work to make all our public schools excellent, teaching every student of every background and every accent, so that no child is left behind".
    => Taught 'em how to die in Iraq, didn't you ? Why didn't you include your own major (Dodger 101) in your costly tuition program?
  • . "Together we will save Social Security and renew its promise of a secure retirement for generations to come."
    => Social Security and secure retirement for all, no former Halliburton CEO should be left behind.
  • . "Together we will strengthen Medicare and offer prescription drug coverage to all of our seniors"
    => Too bad daddy let you use all these non-prescription drugs when you were young...
  • . "Together we will give Americans the broad, fair and fiscally responsible tax relief they deserve."
    => ... and a jumbo size deficit while you're at it.
  • . "Together we'll have a bipartisan foreign policy true to our values and true to our friends, and we will have a military equal to every challenge and superior to every adversary."
    => By "bipartisan", you meant Lookheed and Martin ? Halli and Burton ? Come on ! Gimme a break. But your military surpasses Saddam's, that's for sure. Even in torture.
  • . "This is the essence of compassionate conservatism and it will be a foundation of my administration."
    => Compassionate conservatism indeed. Now you and your compadres can leave. Please.
  • . "These priorities are not merely Republican concerns or Democratic concerns; they are American responsibilities."
    => Now I get it. You read by mistake Al's acceptance speech.

SM on a forum

Copyright Stephane MOT 2003-2023 Welcome to my personal portal : blogules - blogules (VF) - mot-bile - footlog - Seoul Village - footlog archives - blogules archives - blogules archives (VF) - dragedies - Citizen Came - Stephanemot.com Copyright Stephane MOT