Category: online | 線上 | 온라인으로 | オンライン

The online field has been one of the mainstays since I started writing online in 2003. My act of writing online was partly to understand online as a medium.

Online has changed in nature. It was first a destination and plane of travel. Early netizens saw it as virgin frontier territory, rather like the early American pioneers viewed the open vistas of the western United States. Or later travellers moving west into the newly developing cities and towns from San Francisco to Los Angeles.

America might now be fenced in and the land claimed, but there was a new boundless electronic frontier out there. As the frontier grew more people dialled up to log into it. Then there was the metaphor of web surfing. Surfing the internet as a phrase was popularised by computer programmer Mark McCahill. He saw it as a clear analogue to ‘channel surfing’ changing from station to station on a television set because nothing grabs your attention.

Web surfing tapped into the line of travel and 1990s cool. Surfing like all extreme sport at the time was cool. And the internet grabbed your attention.

Broadband access, wi-fi and mobile data changed the nature of things. It altered what was consumed and where it was consumed. The sitting room TV was connected to the internet to receive content from download and streaming services. Online radio, podcasts and playlists supplanted the transistor radio in the kitchen.

Multi-screening became a thing, tweeting along real time opinions to reality TV and live current affairs programmes. Online became a wrapper that at its worst envelopes us in a media miasma of shrill voices, vacuous content and disinformation.

  • Daum Kakao merger

    Yesterday evening I read that two Korean companies were merging: Kakao Corp. and Daum Corp to form Daum Kakao. Kakao Corp. are the makers of KakaoTalk a mobile messaging application with more sophisticated functions than Whatsapp. It has over 90% penetration of the Korean smartphone market and is more popular than Facebook. The application has also built a user base outside Korea in other South East Asian countries. On the back of the popularity of KakaoTalk, Kakao Corp. has build a successful business selling enterprise accounts to businesses like Uniqlo and virtual goods including stickers and in-game purchases.

    Daum is an internet company which would be more analogous to Yahoo! and Facebook. It has a mix of services including search, email, social networking, news, online comics. Daum is number two in the Korean marketplace behind Naver – the dominant search engine for Korea.

    Ok, but why care about Daum Kakao, when it’s half way around the world, between media companies that aren’t European household names? 

    This merger is happening because the online world is changing. Mobile is now the driving force, this has been happening faster in Korea because it has the highest penetration of LTE and smartphone adoption in the world. They are living in the future.

    TV advertising integration with Daum mobile search

    Daum already has mobile versions of it’s traditional products, for example above is a screen shot of Daum mobile search as the call-to-action of a TV advertisement.  But mobile is no longer an adjunct to online, it is at the core; Daum needs to inject more mobile DNA into its business and Kakao Corp. needs more money to help it further expand internationally.

    What can brands learn from this?

    Brands need to change the way they think about mobile marketing by putting it at the centre rather than as another channel. At Racepoint we have experience of working on online campaigns for a range of clients including from and IBM to Reebok. We also have team experience looking at everything from strategy and content, to complex app and web development. Our team spends a large amount of time exploring new technologies and considering how they can provide a better customer journey for our clients. Here are our five recommendations on how you can become a more mobile-centric business, rather than as an adjunct.

    • Consider how mobile integrates into your customer experience. Have trade show attendance planned for next year or opening a new store? Talk to me now about how you can use Beacon and Pointcast localised connection technologies to improve the call-to-action
    • Designing a website? I can explain why you should take a mobile-first approach rather than a responsive design. By assuming a lowest common denominator on the browsing device it means that all users end up with a fast, lean web experience. It has been well-known for the past 20 years; that the longer a page takes to load, the more likely the audience is to surf on to a competitor site
    • Thinking about advertising? I can tell you what formats work better, which platforms work and ensuring that providing a mobile optimised call-to-action is as important as a mobile ad itself
    • Mobile social interactions – I can optimise the content and any clickable call-to-action for mobile users that will improve conversion rates
    • Consider what kind of content would work best on a mobile device. Concise, informative, useful and relevant – consider context. In the case of a real-world business this could be location, it could also be weather. Racepoint can look at your business and think about not only what content to write, but what APIs (application programme interface) could be used to pull in context and provide a customised experience that will improve conversion rates

    More on Korean related topics here.

  • Naspers + other news

    Naspers

    Red-Hot Web in China Richly Rewards Foreign Investors (David Barboza/New York Times) – great to see that Naspers were getting a bit of respect. Naspers is a South African media company that moved into online retail and venture capital investing. Naspers were fortunate to buy into Tencent in 2001 and become their largest shareholder. Naspers then went on to invest in mail.ru and a number of Indian online startups. Naspers also is Africa’s largest subscription TV provider. Naspers also has a share in Ctrip – China’s answer to Expedia.

    Business

    Is it really a tech bubble, or is it something else? — GigaOM – narcissism and a tech bubble

    Profits Way Up at China’s Tencent As WeChat Goes Global – WeChat now up to 396 million active users

    No matter what the boss says about flextime, get to work early – Quartz – morning bias

    Consumer behaviour

    Phablet Use Distinct From Smartphones, Tablets Re/code – interesting research and bad news for media companies hoping that phablets will be a gateway for streaming and slide loaded content

    The new opium of a stressed people | FT – rise of buddhism amongst China’s middle classes

    How is Renren Doing in China Social Media Now? | ChinaInternetWatch – about 51 million monthly unique users – no social versus gaming breakdown on this though. Partly down to the fact RenRen is a specific lifetime thing. You are on there during high school

    Design

    The History Of Dive Watches | aBlogtoWatch – interesting evolution of design

    Finance

    WePay Blames “The Rules” For Withholding Medical Funds from Sex Worker | Valleywag – still pretty disgusting given that this was for emergency medical services. There are rules and there is knowing when to lift them

    America has a new subprime problem: cars | Quartz – not really surprising when one thinks about how the US manufacturers have been propping up car sales with low interest loans before, during and since the financial crisis

    FMCG

    Digital Intelligence :: Unilever supports start-ups with global digital platform – interesting move, reminds me what PepsiCo and Kraft attempted to do over the past few years

    Hong Kong

    Li Ka-shing’s rumoured plan to reduce investments ‘could damage Hong Kong’ | South China Morning Post – it makes sense for Mr Li to diversify, Hong Kong is optimally priced; there are bargains to be had elsewhere

    20 fantastically helpful IFTTT recipes – the title exaggerates

    Ideas

    Shanzhai: China’s Collaborative Electronics Design Ecosystem | The Atlantic – interesting how the rise of the maker movement has changed Shanzhai meme from quirky shadowy tech pirates to collaborative design in western media

    Korea

    How Naver Hurts Companies’ Productivity | WSJ – surprising critique of Naver. Korean consumers wouldn’t use it if Google offered a better search function in Hangul

    Legal

    That Oracle-Google Appeal | ongoing – interesting analysis by Tim Bray, a prominent contributor to the OSS movement and former Googler

    Amazon Patented Taking Pictures In Front of a White Background | Geekosystem – they’ve just patented pack shot photography?

    Luxury

    Rich pay, rich clients, but luxury retail jobs go begging | South China Morning Post – mainland clients are considered difficult

    The Launch and Fall of Burberry’s Tmall Flagship Store | ChinaInternetWatch – really interesting analysis of Burberry’s attempt on TMall

    Economist: China Luxury Slowdown ‘Short Blip’ In Big Picture | Jing Daily – expectations that the slowdown will see mass affluence purchases in the future

    Marketing

    PwC: Marketers not moving fast enough to mobile | Marketing InteractiveWhile there is plenty of money in social media marketing in mainland China, there’s still not enough attention to the fact that accessing ads and special deals from mobile is just different

    Ignore the Silicon Valley Twilight Zone | Marketing Forward – I think that this is the rabbit hole WPP is a risk of going down

    REPORT: Engagement Optimization ‘Isn’t The Best Bet’ For Facebook Advertisers – Facebook is a display advertising platform rather than an engagement platform

    Geo-Target the Right Audience For Your Tweets With Sprout Social | Sprout Social – this could change the way brands think about Twitter, moving to a global page model, rather like Facebook

    Dixons and Carphone Warehouse: A Merger Driven by Interconnectivity | Euromonitor International – personally I think Carphone Warehouse is attaching itself to a turkey. Regardless of any Internet of Things synergies there maybe, the customer service culture of Carphone Warehouse is alien to Dixons. Richer Sounds and Empire Direct may have made more sense?

    OnePlus Smash the Past Winner Receives Empty Box, Uploads Unboxing to YouTube | Droid Life – it sounds like buzz marketing gone horribly wrong

    9 Successful Ways to Recruit Market Research Participants | PARC blog – good advice

    The Trouble With App Install Ads | Ad Exchanger – expensive despite driving growth for Facebook

    Media

    BBC News will post live #indianelection results via @WhatsApp – 1st serious wide scale ‘commercial’ comms use?

    Daring Fireball: ‘For Me, the Movies Are Like a Machine That Generates Empathy’ – I really like this phrase, great films like Blade Runner for me were more than the moving image or ‘air-conditioned darkness’ as Sir Run Run Shaw put it

    TV Show Renewals Could Hinge On Social Engagement – focus on quality of viewership with social engagement as a proxy measure

    “24″ Win Fails To Boost Youku Tudou | Young’s China Business – probably down to government regulation of media sector

    The audience solves a mystery in this real-time interactive TV show powered by a South Korean startup – it reminds me a lot of Majestic

    Netflix’s Neil Hunt Says Personalized Recommendations Will Replace The Navigation Grid | TechCrunch – not so sure how I feel about this. It could be reductive since it relies on past behaviour and loses what little serendipity one gets through browsing and discovery to broaden taste and usage

    Online

    China’s Top Mobile Social Apps by Time Usage | China Internet Watch – why Weibo is overrated and WeChat is so powerful

    Meet the People Behind the Wayback Machine, One of Our Favorite Things About the Internet“The average life of a web page is about 100 days before it’s either changed or deleted,” says Kahle. “Even if it’s supported by big companies: Google Video came down, Yahoo Video came down, Apple went and wiped out all the pages in Mobile Me.” Interesting dichotomy between permanence in terms of effect on reputation versus transient nature of pages

    The Wayback Machine Passes 400 Billion Indexed Webpages | TNW – impressive scale but this misses out on the explosion of content created by social network platforms as walled gardens, and that may not be a bad thing

    Retailing

    Mapping Our Interiors – NYTimes.com – interesting business model by IndoorAtlas, if you are in retail, you should be embracing this

    Security

    New feature helps Facebook grow ears | FT – integrates with TV (and presumably radio ads?) but you have to wonder about the privacy aspects of this

    NSA spying is causing Americans to self-censor their Internet activity | VentureBeat – if you substituted PSB for NSA and Chinese for Americans this could be any other article about China in the western media

    Alibaba’s Cloud Business Expands With Hong Kong Data Center | Data Center Knowledge – gradual internationalisation

    Chinese Cyber Attacks Trigger US MIDLIFE Crisis | VICE News – interesting analysis the recent U.S. action against China

    Taiwan

    Taiwan makers struggling to automate equipment | DigiTimes – current automation offerings don’t suit their businesses so the likes of Foxconn et al are developing and manufacturing automation inhouse

    Technology

    I, Cringely Apple’s iPad Problem – they last too long, more like a PC than like a mobile phone

    Users folder vanished after OS X 10.9.3 update? Here’s a fix • The Register – nifty help out

    China Bans Use of Microsoft’s Windows 8 on Government Computers | Re/code – if the Chinese government don’t trust it, should consumers?

    Chinese Tech Startups are Building Steaming Projectors to Beat Smart TVs TechNode – makes sense when one things about home space

    “Tech companies are being left to make all the decisions” | Dezeen – interesting perspective on wearables

    Sichuan professor makes biocoal out of leftovers | WantChinaTimes – interesting, particularly as food waste recycling is a bugbear in waste disposal. How can the collection be done efficiently though?

    American TV dramas attract high-end ads in China | WantChinaTimes – not terribly surprising as they reach an English speaking, often foreign educated technocratic middle class

    Web of no web

    Mapping The Hidden Cost Of Mobile Apps | MobileGroove – will be reviewing my use of some of the apps mentioned

    Wireless

    Bounden on Android delayed: we need your help – Game Oven – rather reminds me of PCs and driver problems, were Sound Blaster compatibility meant that you might be able to get audio on a game

    So where are we going in Mobile? | DigitalEvangelist – interesting piece by Ian Wood. The most depressing thing I find out about this is the wasted R&D when so much hard innovation is going begging

    Communities Dominate Brands: Lets Do 2014 Numbers for the Mobile Industry: Now we are at 100% Mobile Subscription Penetration Rate Per Capita Globally – that headline number now isn’t as meaningful as it could be. I personally have two numbers on one smartphone. 3UK via the SIM and China Mobile Hong Kong via Jego. It also conceals the continuing gulf between established markets, the developing world and the astonishing acceleration of APAC markets

    Huawei Ascend P7 Review | BGR – interesting review of Huawei Ascend P7, interesting that they still have sluggishness issues and the skinning that makes it look like a shanzhai version of iOS7. You would have to pry my iPhone from my cold dead hand though

  • New York Times culture

    The internal Innovation report by The New York Times leaked widely and has been reported on, mainly in how it reflected the internal politics that led so the departure of Jill Abramson from the paper. It has also been heralded as document of importance in the industry. Given the nature of the document I decided to do page-by-page commentary on the report (so that you don’t have to read all 96 pages). I read it once first of all to get an overall picture of it and then made notes on a page-by-page basis as I read it a second time in more depth. Below are the notes that I made on the second pass through the document:

    Page 3 – The memo starts by outlining its faith in the quality of the journalism at The New York Times. I think that this may be their first flaw as later they compare themselves unfavourably to outlets such as Yahoo! News which implies general news coverage is a commoditised product and The New York Times isn’t providing enough analysis of sufficient value to share.

    Page 4 – This is an executive summary of recommendations, most of which are quite prosaic. Develop the audience, strengthen the news room through working with other parts of the business and develop a newsroom strategy team. First up, developing the audience focuses on growth; there isn’t a mention about the quality of the audience – which would matter to advertisers. Strengthening the newsroom as described shows a willingness to bend the journalism / sales Chinese wall to breaking point.

    Page 5 – A graph of what I presume is monthly unique visitors under the headline of “…But Many Competitors Are Growing Faster” calls out Huffington Post and Buzzfeed as competitors who are outstripping The New York Times in reader traffic. There are no qualifying demographics for this; in the print space would The New York Times compare itself with The New York Post? Both are newspapers but both have different demographics.

    Page 6 and 7 – “Our Proposals, In Brief” basically reiterates pages 4 and 5.

    Page 8 – “Our Mission (And How It Evolved)” explains the methodology behind the report. Having read it, there were a couple of knowledge sources that didn’t seem to have been tapped, but that would have been useful.  Interviewing some of the media agencies to get their takes on media consumption trends, looking at external data sources such as comScore, Nielsen Net Ratings and academia such as the MIT Media Lab, Annenberg Journalism School and the Berkman Center for Internet & Society to peer further into the future.

    Page 12 – the start of the “Growing Our Audience’ section starts with a users guide to the report which basically explains the filters they used in writing and presenting the report in order to dumb it down for the readership.

    Page 14-15 – contrast moves in the news media industry with moves at The New York Times.  The three big NYT moves were:

    • Redesigning nytimes.com
    • Ravaging and rebranding The International Herald Tribune as The International New York Times (this alone would have precipitated a need for a redesign or reengineering of the nytimes.com).  The report itself calls The International New York Times a launch
    • The rollout of native advertising described as a ‘new world’ giving it a romantic heroic quality rather than it having been demanded by media buyers and becoming the norm

    The New York Times is facing the classic disruptee problem, trying to re-orientate itself for the digital age whilst change churns around it. The report treads lightly rather than scaring the bejesus out of its readership  (who are likely part of the problem and need to get on board with a radical attitude adjustment and become part of the solution).

    Page 17-18 is interesting as the document sets out “A Competitor Cheat Sheet”:

    • Buzzfeed
    • Circa
    • ESPN
    • First Look Media
    • Flipboard
    • Vox
    • Yahoo! News

    Here was a few of my takeaways from that list:

    Circa and Flipboard are aggregators with a bit of smarts behind them. These are disrupting the editorial process. I would argue that this goes back further than Circa to email newsletters like Dave Farber’s Interesting People or conferences on The WeLL. Neither of these are new and a news room should have recognised and evolved with this years ago.

    ESPN is particularly interesting as this is a traditional media company that has embraced digital particularly well, highlighting a failure of imagination and gumption in management.

    I think that First Look Media is less about the disruption of news media by digital technology and more about younger consumers being hungry for a reboot of news journalism. This is the reason why Shane Smith and company have moved style and culture magazine VICE successfully into news journalism; showing up major news organisations on their coverage of North Korea and the situation in Ukraine.

    Again there is no questions about whether these companies have the right type of audiences, merely the size of the audiences attracted.

    Finally a good piece of news for Marissa Mayer at Yahoo!. At least The New York Times thinks that her efforts are delivering business difference, I was surprised to see Yahoo! cited as a competitor news source due to the brand positioning. Yahoo! has been experimenting with original news on-and-off for the best part of a decade such as The Hot Zone which featured reportage from journalist Kevin Sites back in 2005/6.

    Page 23 – highlights three graphs under the heading “Tough Trends”. In contrast to the soft soap language that accompanies the charts the data is displayed in a manner to ‘cut to the chase’ and it is important to bear this mind when reading a chart.

    Home page visitors had almost halved over three years. This could be due to changing usage patterns has The New York Times introduced its paywalls. Overall page views showed a less aggressive rate of decline. Time spent on the site dropped by a third which I suspect again is a function of the digital paywall The New York Times introduced. I try and only pick my 10 articles a month carefully to maximise the utility of it.

    It was also interesting to see a drop in mobile readership using the iPhone app.

    Page 24 – there was one quote that stood out for me:

    “The hardest part for me has been the realisation that you don’t automatically get an audience,” said Janine Gibson, editor-in-chief of The Guardian’s website. “For someone with a print background, you’re accustomed to the fact that if it makes the editor’s cut – gets into the paper – you’re going to find an audience”

    I think that this rationale is based on a logical fallacy, that if a paper is put into the hands of a reader it will be devoured cover-to-cover. I would flicking though a paper analogous to skimming past links without clicking.

    Digital now makes this more apparent which is where Gibson had her satori that content needs to be promoted to an audience on digital platforms.

    The authors of the report split their view of competitors into content and delivery mechanisms:

    But BuzzFeed, Huffington Post and USA Today are not succeeding simply because of lists, quizzes, celebrity photos and sports coverage. They are succeeding because of their sophisticated social, search and community-building tools and strategies, and often in spite of their content.

    I think that this division is particularly interesting. Firstly, content is complementary to and indivisible from search and social strategies that these people may have. Secondly, the last bit of the quote dismisses the ‘snackable’ nature of these content formats, when in reality this might be part of their success.

    Page 25 – features a bit of future gazing on how with the right contextual information available, content could be serviced just-in-time to a mobile device from the paper’s news section, alongside archive content like restaurant reviews etc. There is also an ongoing challenge in managing that data to keep the context fresh and relevant – for instance knowing restaurants close or move location.

    Page 26 – “Our Proposals, In Brief”. I am shocked that the current technology used by the paper to support it’s newspaper seems to not used to tag or structure the vast amount of data published to date.

    Page 27 – is an explanation of ‘deep linking’ without mentioning that terminology once. The concern about readers not going to a home page or a section page is interesting, these are print paradigms put into pixels; yet on page 26 the authors had pointed out that one of the paper’s CMS limitations was that it was structured to reflected just this kind of print view.

    Page 28 -30 – talks about using curation to highlight older relevant content that can be used to provide context for a newer piece or timely collection. This raises the lifetime value of archive content because of the increased option for ad inventory to be viewed. I know this might sound obvious, bit it was obviously a revelation for the authors.

    Page 31-32 is a basic schooling in the scientific method  of experimentation – presumably to inspire innovation in the report readership.

    Page 33-35 look at how clustering coverage around common interest collections can increase readership

    Page 36 “Balancing Act: One-offs vs. Replicability” compares and contrasts The New York Times blockbuster approach to big digital projects versus competitors who build tools that they can use again and again; in order to maximise technical investment. An example of this would be Quartz’ Chartbuilder.

    Page 39-40 – The New York Times reimplemented a function to allow readers to follow columnists. Some of the data on the page would make me question the value of a prominent journalist in terms of the amount of loyalty and fan base that they can build. This is basically advocating that the journalists cultivate fame and a fan base. It would have been interesting to explore a bit more the dynamic between the newspaper brand and the journalist brand.

    Page 41 – talks about structured data and tagging. What I am surprised didn’t come up was the topic of folksonomies which could have been an answer to the ‘tag famine’ that they paper seems to suffer from. For instance, no tag for Benghazi despite the fact this was a story that would run-and-run.

    Page 43-44 – “Promotion” talks about social. Here’s what it says about email newsletters:

    Other competitors, like The Atlantic and Politico are also using emails as direct channels to readers. This basic tool has become one of the most popular and efficient ways to cut through all the noise of the social web and reach readers directly.

    The New York Times already does use email marketing. This ‘us and them’ view of journalists and the audience lacks subtlety. It neglects to take into account that some of their readers are tastemakers or curators that their friends tap into. Influencing people who can propagate content links even further is a relatively easy win. RSS seems to be the Rodney Dangerfield in this picture getting no respect. Whilst there aren’t prolific RSS usage amongst the masses, it is often used by curators and as pipework for aggregators like Feedly or Flipboard.

    Page 45 – what becomes apparent is that linkages such as social sharing analytics isn’t being used to drive editorial decisions. The twitter metric of engaged fans in a chart that compares The New York Times to other media outlets is interesting. What does ‘engaged fans’ mean in this content?

    Page 49-54 – “Connecting” is about The New York Times getting closer to the reader as a corporate brand:

    • User-generated content
    • Expand Op-Eds
    • Events
    • Using reader data to know them better

    Page 55-59 – “Strenghtening Our Newsroom”. I was gobsmacked reading this section. The New York Times seemed to be way behind peers like The Telegraph in terms of using data for the news room. Secondly, they have a consumer insight group yet didn’t have this expertise to help drive editorial decisions as a proxy reader’s champion.

    Page 60-70 – discuss what the authors call reader experience. This touches on content but also goes into how the content is manifested and the user experience. In a world where data journalism is freely bandied around, I can’t understand the gulf here. Back when I used to work at Yahoo! tweaking user experience was a major part of the creation process across the Yahoo! network properties.

    Page 71-74 – The New York Times editorial team don’t seem to network with peers and keep abreast of industry developments. They hadn’t been thinking about how to change news reporting to remain current and relevant.

    Page 75-77 – is a simple explanation of the ‘fast failure’ model of innovation.

    Page 78-80 – outlines the cultural challenges that the editorial team need to scale in order to be able to change the organisation. A lot of this mirrors what reporters would have written about businesses in mature economies adapting to change. Integrity seems to have been interpreted institutionally has embracing a luddite philosophy.

    Page 81-87 – “Digital First” isn’t exactly a new concept it has been the clarion cry of news media groups for years.  It is concerning that they even have to have a boxout defining what is means to be digital first on page 82.

    Page 88 -90 “In Their Own Words: Digital Departures” looks as the reason why digital journalists have been leaving the paper. These outtakes from what amounted to be exit interviews reflected the need for a flatter structure and more agile business.

    Page 91 – One quote said it all for me when they talked about talent “Winning The Talent Wars”:

    We need makers, entrepreneurs, reader advocates and zeitgeist watchers.

    How can you have a news organisation that is that isn’t lacking in curiosity amongst it’s journalists that the above statement needs to be said?

    More information
    The leaked New York Times innovation report is one of the key documents of this media age | Nieman Journalism Lab
    Mondo Vice: going backwards to bring news media forwards
    Quartz Chartbuilder on Github

  • AirBnB + other news

    AirBnB

    AirBnB seems to be the goldilocks of the sharing economy. It has at least as much disruptive negative impact as Uber, yet doesn’t seem to attract the same level of vitriol. On the demand side of things, while I know people who have had negative AirBnB experiences, they still don’t seem to realise its its the platform and solely blame the host. ABC News | tweedier – The Sharing Economy – Mark Pesce on Uber and AirBnB. How Airbnb and Lyft Finally Got Americans to Trust Each Other | Wired – Wired does an in-depth piece on the supply side of the sharing economy. I think its going to be a while before people really wake up to how toxic AirBnB and the sharing economy are.

    Business

    China builds for the future | HSBC – government looks to enhance environment for small business with tax breaks

    Here’s the chart that has Chinese stock markets so depressed – Quartz – good graph of HSBC PMI numbers, it is affected by sampling issues however

    Consumer behaviour

    VOX POPULI: Job security is everything for rookie employees | The Asahi Shimbun – Japanese workers want security

    China’s Young Male Factory Workers Change the Assembly Line – Businessweek – the little emperors on the line are bolshy, harass female colleagues and get bored easily

    Economics

    Alibaba’s IPO may not be as big as everyone is expecting | Quartz – interesting breakdown on IPO values across sectors

    US oil boom checks inflation | HSBCUS oil production has far surpassed expectations in recent years and the country could overtake Saudi Arabia to become the world’s largest producer of crude oil and oil products by 2015 – how sustainable is this?

    Cautiously optimistic: Innovation and Chinese FDI | Deloitte

    FMCG

    Is Burger King’s Big Mac Clone Stealing McDonald’s Lunch Money? | BloombergBusinessweek – what will the value promotions do to the McDonald’s brand equity?

    Ideas

    CABINET // Whitewood under Siege – fascinating story of pallets

    Luxury

    A goldmine in retail? | Marketing Interactive – interesting profile of Chow Tai Fook jewellery retail chain

    Louis Vuitton still number one in awareness for Chinese: report | Luxury Daily

    Chinese Tourist Spending In UK To Rise By 84 Percent | Jing Daily – the UK needs to do more to court Chinese consumers

    Coach Responds to Falling Sales By Raising Prices | BloombergBusinessweek – interesting move that didn’t work for Mulberry that well when they tried it

    How a Korean TV Show Sparked a Jimmy Choo Craze in China | WSJ – store staff noted that customers were coming in with pictures on a smartphone. The bit that’s missing is how did they discover that the shoes were Jimmy Choo and hence knew which boutique to walk into?

    Marketing

    The Mystery of Our Social Traffic | Baekdal – really interesting read

    Media

    Thumbnails: French proposal for payment of royalties by search engines | Kluwer Copyright Blog – it reminds me of the tax that used to happen on tape and CD media to compensate for piracy

    Say Goodbye to Paid Search Terms from Google – Digital Marketing Blog by Adobe – this has more of an impact than one would consider

    Baidu Launched Dynamic Search Ads Feature — China Internet Watch – powered by website content RSS?

    The reinvention of MTV, chapter one million | Quartz – interesting alchemy of social media and broadcast media

    Online

    月球车玉兔的微博|微博-随时随地分享身边的新鲜事儿 – Jade Rabbbit lunar rover Weibo account

    Software

    Rogue Amoeba’s Paul Kafasis on Consumer Recording, Provocative Branding, & Endangered Gizmos

    What The Heck Is Machine Learning? | BusinessInsider

    Wireless

    China Telcos Propose Base Station JV | Young’s China Business – interesting that Chinese carriers are collaborating on base stations, probably less equipment sales for vendors than they’re expecting. More related content here.

    Web of now web

    Data point: Enthusiasm about wearable tech highest in Latin America, lowest in North America

  • Loose lips sink ships

    During the second world war nations promoted a heightened state of awareness in citizens that they could be overheard through the use of propaganda materials. Including the iconic phrase loose lips sink ships.

    Loose talk can cost lives

    Loose lips sink ships is also a good maxim for modern business lives. We are now in an age when everyone can be a ‘self-facilitating media node’ as Nathan Barley put it. There is no longer any off the record. Jeremy Clarkson’s precarious position highlighted the perils of this with his apparent remarks committed to video tape. In the Financial Times this morning there is a great example of a similar unguarded comment providing rival automakers with a source of embarrassment.

    At the Frankfurt Motor Show in 2011 Volkswagen Chairman Martin Winterkorn was filmed admiring the i30 model on the Hyundai stand. In particular, he noticed the lack of noise on the adjustable steering wheel a feature that neither BMW or Volkswagen Group could match and discussed this with his chief designer.

    Hyundai has used this video clip as a proof point of their own engineering prowess ever since.

    What needs to be done?

    • Educate staff members to act as if anything they do can end up on the front of the Daily Mail
    • Off the record is never off the record
    • Everyone is a journalist
    • Be more circumspect in public discussions that can be overheard, make notes, bring them up at a safer forum back at the office

    More social related content here.