The age of judging companies only on their longevity is now past. Great companies solve problem that matter. advertisement advertisement Since the 1950s we have been judging companies by their longevity. We fret over how long they stay on the Fortune 500 list, maintain a leadership position, or survive “disruptions.” But does longevity even matter anymore? Isn’t longevity just a bi-product of something more important? I think that great companies are those that dedicate themselves to a problem that matters. When they solve the problem, they exit the stage triumphant. And companies that survive, do so because the problem they exist to solve (their purpose or mission) is so big that there is still work to do. Longevity is not a goal in itself; it is a bi-product of taking on a big problem. Purina, for example, exists to “connect pets with people.” Google exists to “organize the world’s information.” When will such missions be … [Read more...] about Great Companies Solve Problems That Matter
Dbt problem solving
The Air India saga has all the making of the sort of family soap opera beloved of Indian audiences. If you will forgive the stereotypes, the government represents the nagging future mother-in-law, the airline the hapless bride and employees the scheming sister-in-law.It’s no surprise the wedding did not happen. Suitors took flight when they realised the mother-in-law and sister-in-law were going to accompany the bride. To top it all, the bride was no open book (neither, probably was the suitor, but the bride is, as ever, being held to higher standards); her secrets would be revealed only after the engagement ring was slipped on.A key concern that has been reported in the media is that the potential buyer felt threatened by the level of management clout that the government would continue to exercise at a 24 percent holding: All the rights of a majority shareholder rather than a minority one.Close Another concern was the debt that would come with the company. As per information … [Read more...] about COMMENT-The problems with the Big Fat Air India wedding: Meddlesome in-laws, secrets, bad stars
Shishir AsthanaMotivational speaker Gabrielle Bernstein often points out in her lectures that to allow your passion to become your purpose will one day become your profession. The driving force of anything that has ever been achieved is the passion that drove the men and women behind it to achieve what was once considered impossible.Passion for trading is Junaid Shaikh’s credo. A mechanical engineer with an MBA in IT, Junaid’s infatuation for trading began when he heard his batchmates from finance stream talk about the markets and the potential of making money.Close Though Junaid worked as an IT manager with a renowned insurance company, his heart was in the markets. His love for markets saw him interacting with experts in finance and treasury division in his company. It was his passion for the markets and the hard work behind it that resulted in Junaid now running a trading desk and managing family money ahead of any of his more experienced peers. related news … [Read more...] about Weekend Special | A consistent trader who designed his tools of trade
The cleverest trick that Apple has ever pulled isn’t convincing us to pay $500 for a phone or MP3 player, but rather convincing the world that if you want good design, then you have to follow Apple’s template of clean lines and stripped-down details. You can see how that happened: The company has become so synonymous with both good design and minimalism that most people assume those two things are one and the same. They’re not: You can have good design that’s fanciful and wacky; likewise, you can have minimalist design that’s horrible. advertisement advertisement The fact is, minimalism has been a business strategy for Apple–and maybe their most successful business strategy of all. While just-in-time manufacturing and a stand-alone retailing have earned it hundreds of billions in sales, minimalism built the brand that made their gadgets lust-worthy to begin with. Let’s dissect how that works. Every Gadget Sells The Others One of the … [Read more...] about Beware Of Following The Gospel Of Minimalism, Preached By Apple
Sugar has a lot in common with tobacco and alcohol: it triggers pleasurable feelings, it can cause health problems when overused, and it’s addictive (though the jury may still be out on that one). Unlike the latter two substances, sugar products don’t come with added taxes or any barrier to obtaining them. Anyone can legally binge on sugar, regardless of age. But maybe this shouldn’t be the case. Maybe we’d all be better off if sugar was treated like a potentially dangerous substance. advertisement advertisement Scientists at UCSF argue in a recent issue of Nature that added sugars, defined as “any sweetener containing the molecule fructose that is added to food in processing,” should be regulated by the government. The researchers, one of whom is well-known for his views on the dangers of sugar, have come up with a convincing list of reasons why we need to take serious measures: Sugar can induce hypertension, insulin resistance, high … [Read more...] about Should The Government Regulate Sugar Like Tobacco?