MEETINGS to last no more than 30 minutes; junior staff allowed to speak freely with superiors; a cut in bonuses for bosses whose teams do not take enough holidays.
TWENTY years ago a then obscure academic at Harvard Business School published a career-making article in the Harvard Business Review (HBR), warning established companies that they were in grave danger from being disrupted.
That’s a dummy, not a customer WHEN a globally successful fashion-store chain opens up for the first time in a big city’s most prominent shopping district, it might reasonably expect a rush of excited consumers.
WORKERS from technology firms recently gathered at a cinema in downtown San Francisco to watch a preview of “The Big Short”, based on the bestselling book by Michael Lewis.
Thwarted, for now HONG KONG likes to think of itself as a bastion of global capitalism. Unlike politicised and parochial financial centres on the Chinese mainland, locals claim, their transparent markets protect the rights of minority investors.
Safely home SOMETIMES the dark horses are the ones to watch. On November 23rd Blue Origin, a publicity-shy rocketry firm owned by Jeff Bezos, the founder of Amazon, announced that it had achieved something spectacular.
IS IT boom or doom in the news business? Headline-grabbing sums are being invested in online newspapers: Axel Springer, a German publisher, bought Business Insider in September, in a deal valuing it at $442m.
Cheaper than getting divorced? THOSE trying a virtual-reality set for the first time can be transported to the top of a skyscraper at night.
SINCE it was founded in 1923 Trumpf, a family-owned company based near Stuttgart, has had one main mission: making things that make things.
Finally grounded IN THE 19th century, when a Hindu merchant could not pay his debts, he would announce his insolvency by burning a lamp of ghee (clarified butter) at his doorstep.
IN “CAPITAL”, Karl Marx presented some striking thoughts about the nature of everyday products, which he called commodities.
FOR well over a century, people have predicted that technology will make business travel obsolete. In 1889 Jules Verne imagined that the “phonotelephote”, or “the transmission of images by means of sensitive mirrors connected by wires,” would replace overseas meetings.
THE $12.2 billion deal in which Marriott, an American hotelier, agreed this week to buy a rival, Starwood, follows months of rumours about the bid target, whose brands include Westin and Sheraton.
The wharfies’ nemesis CHRIS CORRIGAN, a Sydney businessman, has lost none of his gift for drama. Seventeen years ago Mr Corrigan took on the “wharfies”, Australia’s stevedores, in a bitter dispute that smashed their control of the docks.
A bright spot in a gloomy region CHILE is often described as the Germany of South America. Its budgets are balanced, roads decent and trains punctual.
Son and his anointed son IT WAS a vintage performance from Masayoshi Son, the 58-year-old founder and chief executive of SoftBank, a Japanese telecoms and technology firm.
FEW symbols of the oil industry are as familiar as the pumpjack, or “nodding donkey” (pictured). The technology is little changed since it was invented in 1925, and in some mature onshore fields it serves as a constant reminder of the world’s insatiable thirst for oil—until recently, about one-sixth of American crude came from the tiny “stripper” wells that it usually pumps.
Awaiting rebirth “IT’S not a funeral, it’s a transformation.” That is the positive spin Francesco Starace, the Tesla-driving boss of Enel, one of Europe’s biggest electricity companies, puts on a tough issue looming over the energy industry: stranded assets.
BUSINESSES have always told stories about their products. But in recent years they have become particularly verbose, bombarding consumers with any small detail that might enhance the brand.
THE average time between an attacker breaching a network and its owner noticing the intrusion is 205 days.