advertisement advertisement When Walmart bought up a tiny Silicon Valley startup called Kosmix in April last year, it left a lot of tech watchers scratching their heads. About nine months on, the little company’s role within the mega retailer is coming into focus. Kosmix–now called WalmartLabs–is leading mobile and social research and development at Walmart, with the goal of pushing the company forward in mobile and online retail. And increasingly, it looks like Kosmix will play a key role in the retail behemoth’s international efforts. For Venky Harinarayan and Anand Rajaraman, the company’s two cofounders, Walmart’s purchase of Kosmix was their second startup deal. They’d sold their first company, Junglee, to that other massive retailer, Amazon. Kosmix became WalmartLabs and Harinarayan and Rajaraman joined Walmart as heads of mobile and online retail. The key, it seems, is that Walmart is giving the tiny crew the space to create and … [Read more...] about WalmartLabs Brings The “Two Pizza Team” Startup Culture To Walmart Empire
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In his book ‘Poor Charlie’s Almanack’ legendary investor and author Charlie Munger writes ‘spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day- if you live long enough- like most people, you will get out of life what you deserve.’Independent investor and investing coach Vishal Khandelwal lives by these words. An analyst who quit his job at the age of 34 to focus on teaching the Aam Aadmi the art and science of investing. Safal Niveshak, Hindi for successful investor, has been his platform where he gives online training on investing. A prolific writer, Vishal spends 75 percent of his waking time in reading and learning.Vishal does not like to speak about his stock picks and the returns his investment has generated. The fact that he has been able to come out of a job by taking care of all his liabilities gives an insight that he has done well for himself.Close Vishal is known more as a teacher of … [Read more...] about The analyst who quit his job to be a teacher and a ‘Safal Niveshak’
advertisement advertisement Have you ever stopped to consider how remarkable Wikipedia is? The online encyclopedia represents arguably the greatest collection of knowledge and information ever assembled–and the overwhelming majority of the work in creating and maintaining it has been done by unpaid volunteers. On the surface, the success of Wikipedia makes no sense–how could (and why would) a team of volunteers possibly complete such a massive undertaking? The answer has repercussions for leaders and business owners in every industry: Money isn’t everything. In fact, a sense of purpose is more important than the size of a salary when it comes to inspiring top performance from employees and team members. That doesn’t mean that money isn’t important, and it doesn’t mean that you can slash paychecks without fear of consequences. But it does mean that money alone is not enough to inspire the type of passion, dedication, and peak performance … [Read more...] about The Wikipedia Way Of Motivating Your Employees
advertisement advertisement The year 2012 is not only the Year of the Dragon, it also marks 30 years since In Search of Excellence was published. While there have been voices over the years which have been critical of the book’s methodology, its resulting content, and even its writing style, the case can be made that it is the most influential management book not only in these last 30 years but perhaps–just perhaps–ever. Hyperbole? Consider: It created a new genre of “best seller” business books, works that were not only informative but interesting and highly readable for Everyman. With a few exceptions, such as McGregor, Chandler, Sloan, maybe Drucker, many (most?) prior books on management/leadership were arcane tomes written by academics for academics and practitioners and were rarely found on any popular “best seller” list. Now “business” is considered a book category in itself thanks in no small part to … [Read more...] about The Most Influential Business Book Of The Last 30 Years?
In prior discussions about smart cities, including the global rankings I published on Co.Exist a few weeks ago, I believe many of us have under-emphasized the importance of cities in creating an enabling environment for emerging technology companies. advertisement advertisement This was a key issue addressed at the first-ever Cities Summit held in Vancouver earlier this month. Mayors of 35 cities around the world joined with executives and consultants in an intense day and a half of panels discussing open cities, digital cities, urban laboratories, smart-city financing, and startup cities. One of the most interesting conversations was about “Startup Cities.” Nanci Klein of San Jose spoke about the five different industrial areas that the city is promoting, as well as the role of the city in supporting the local startup community. One of San Jose’s early insights was addressing the bureaucratic hurdles in their procurement process by creating a demonstration … [Read more...] about How Can You Build A Smart City?