Category: business | 商業 | 상업 | ビジネス

My interest in business or commercial activity first started when a work friend of my Mum visited our family. She brought a book on commerce which is what business studies would have been called decades earlier. I read the book and that piqued my interest.

At the end of your third year in secondary school you are allowed to pick optional classes that you will take exams in. this is supposed to be something that you’re free to chose.

I was interested in business studies (partly because my friend Joe was doing it). But the school decided that they wanted me to do physics and chemistry instead and they did the same for my advanced level exams because I had done well in the normal level ones. School had a lot to answer for, but fortunately I managed to get back on track with college.

Eventually I finally managed to do pass a foundational course at night school whilst working in industry. I used that to then help me go and study for a degree in marketing.

I work in advertising now. And had previously worked in petrochemicals, plastics and optical fibre manfacture. All of which revolve around business. That’s why you find a business section here on my blog.

Business tends to cover a wide range of sectors that catch my eye over time. Business usually covers sectors that I don’t write about that much, but that have an outside impact on wider economics. So real estate would have been on my radar during the 2008 recession.

  • RSS dead nonsense + more

    RSS dead nonsense

    Is RSS Dead? A Look At The Numbers | MakeUseOf – interesting stats on RSS – a very-much alive format. RSS dead is nonsense, I use it everyday. It is invisible plumbing. Reports of RSS dead is due to the demise of Google Reader. I can’t recommend RSS reader Newsblur enough. More related content here

    Business

    Adidas Group Forecasts 15 Percent Annual EPS Growth Through 2020 | Team Business – interesting definition of open source

    China

    China Focus: Top political advisor highlights CPC leadership, “Four Comprehensives” | Xinhua – comprehensively building a moderately prosperous society, deepening reform, advancing the rule of law and strictly governing the Party

    Culture

    ‘We Came to Sweat’ Tells the Story of New York City’s Oldest Black-Owned Gay Club | VICE – interesting artefact of club culture

    Economics

    Chinas slowdown has suddenly become a “fiscal shock” | Quartz – interesting economic data, the property price change doesn’t surprise me, Chinas slowdown is likely to be temporary

    FMCG

    Kraft and Heinz Merger a Cost Cutting Story | Euromonitor International – cost cutting could also be from a marketing perspective

    Innovation

    Venture investor Bill Gurley predicts startup failure – Fortune – we may not be in a tech bubble, the venture capitalist said, but we’re in a risk bubble

    Luxury

    “Dressing down” is only a status symbol for the elite – Quartz – flagged up by our Becky

    Online

    Facebook Unveils Immersive 360-Degree Video for News Feeds | WIRED – interesting moves to come up with immersive (non game) content

    Philippines

    Homegrown smartphone brand beats Samsung in the Philippines | Techinasia – part of a wider story about how Samsung is getting rolled back out of high growth markets in smartphones

    Security

    Ex-NSA director: China has hacked ‘every major corporation’ in U.S. – CNN Money – strident allegations, I wouldn’t be surprised if the 5Is have also done the same thing

    Software

    Messaging Apps Offer Do-It-All Services in Bid for Higher Profits – NYTimes.com – interesting article on how WeChat and LINE are blazing the trail for western OTT messaging platforms in terms of innovation and business models (paywall)

    WeChat is how content goes viral in China | Resonance China – from a marketing perspective this confirms the decline in Weibo as a platform. It also provides challenges due to the lack of visibility for brands in comparison to Weibo

    What’s missing from this 13-year-old girl’s iPhone home screen? – Quartz – interesting but not necessarily scientific. It does make me wonder why color coding doesn’t happen in app groupings UI specs

    Technology

    No, Really, the PC Is Dying and It’s Not Coming Back | WIRED – dramatic title, 5 per cent drop in PC sales numbers. It ignores the role of the personal computer as a business workhorse and as a creative tool

  • BlueFocus + more news

    BlueFocus

    BlueFocus FY 2014 profit up 62.8% | PR Week – Sir Martin Sorrell will be concerned. BlueFocus is at the centre of a high growth market. BlueFocus has access to cheap capital due to its high share price on the Shenzhen stock exchange and it demonstrates the kind of dynamism that WPP no longer has due to its physical size.

    Consumer behaviour

    Founding Fuel Hunting with the hounds – Indian consumers, by and large and across product categories, gravitate towards lower prices and more features instead of passionate brand loyalty

    Design

    The Story of the “Save the Memory Project” | Ricoh Global – impressive dedication and process

    Economics

    4 steps to getting your business model ready for emerging markets – interesting that The Economist’s tongue-in-cheek Big Mac Index is used as a serious pricing reference point in this article

    Finance

    80% of Bitcoin is exchanged into and out of Chinese yuan | Quartz – capital flight or something more criminal in nature?

    Gadget

    Why I changed my mind about the new MacBook | VentureBeat – nice run down on the MacBook’s limitations

    Keacher.com » How I introduced a 27-year-old computer to the web – interesting article, especially since he has to use at least two pieces of external tech to pre-process required applications to develop a web connection and render the web content itself. It puts into perspective how powerful a smartphone is. More technology related posts here

    Legal

    German duo to be caned, jailed for spraying graffiti on Singapore train | South China Morning Post – and they weren’t good graffiti artists either. Singapore has public spaces laid aside for graffiti

    Luxury

    How Jony Ive made Apple a luxury goods company – Business Insider – interesting technology is a substitute product for luxury sector goods argument made at the end of the article

    Marketing

    Tinder Users at SXSW Are Falling for This Woman, but She’s Not What She Appears | Adweek – sci-fi film Ex Machina uses a bot on Tinder to market the film at SXSW. More marketing related content here.

    Software

    iPhone 6s specs rumors: SiP processor reportedly in the works | BGR – computing power is likely to be below what an iPhone 6 would need, but interesting

  • Apple Spring Forward event

    Apple Spring Forward event

    I started this post a few hours after watching Tim Cook and company launch a number of product revisions  under the title of Apple Spring Forward. The most anticipated of which was the Apple Watch. I was in full Post Traumatic Apple Event Disorder mode. I have collated some of my thoughts about the event below and tried to order them into some sort of cogent narrative.
    Apple TV connections

    AppleTV

    The reduction of cost in Apple TV hardware at the Apple Spring Forward event was an interesting move. Apple has decided to go for market share rather than margin with the device and the incumbent HBO Now service might be just the catalyst to drive adoption. That Apple is leading with a HBO streaming service tends to imply that Apple has likely given up on trying to build its own ‘cable channel over IP’ offering. It does raise another interesting question about how other studios will want to handle their content in iTunes or via a an app similar to BBC iPlayer. Apple is passing on to consumers the cost benefits of using the older silicon design that powers the Apple TV. It also means that the Apple TV is the least powerful computer in Apple’s product range – including phones and tablets. The AppleTV is an egalitarian device rather a luxury brand product and a vote against widespread 4K adoption; unless the price discount is making room for a premium 4K capable device at a later date?

    Social Enterprise

    Apple’s moves at becoming a ‘social enterprise’ were interesting. For an organisation so polished at presenting itself to the outside world, the ResearchKit announcement and the case study with Christy Turlington felt awkward.  ResearchKit was delivered in a flat manner and didn’t explain how the product fitted in with Apple’s position on user privacy. Turlington’s appearance was like a particularly sycophantic Charlie Rose interview. There was a lot to talk about without having to ‘over-reach’ for celebrity endorsement.

    Apple needs to work harder picking the spokespeople to burnish its reputation, the nature of the projects and the deliver to be less cringeworthy. The very nature of the product and design story means that Apple already has a certain amount of implicit moral imperative and the company should be more in-tune with that.


    Apple Watch app
    Apple Watch

    I am deeply conflicted by a lot of the discussions around the Apple Watch, for a number reasons:

    I haven’t used an Apple Watch, but watching others use it in the demos made me think that it is fiddly and dare-I-say-it: hard to use. It could be un-Apple in nature

    Scott Galloway points to the Apple Watch and describes Apple as having transitioned to a luxury brand. The Edition watch maybe a luxury product, but not all of the Apple product range are luxurious – the AppleTV at a new price point of $69 implies ubiquity. This maybe a specific choice to get scale for the media content that other luxury Apple devices need to function. Just in the same way that quality newspapers couldn’t survive solely on sales to luxury consumers. What does this mean for those Apple customers who use the the devices as professional or creative tools?

    Much of the debate revolves around what luxury consumers want by people who can’t afford to buy the Edition version of the watch. Do the kind of luxury shoppers who wouldn’t care about a $13,000+ watch have a smartphone, or a smart person to organise their lives? An astute reader of Popbitch will soon realise that the celebrity accessory to have is a personal assistant, not a bejeweled Vertu. Secondly, not being available is a luxury as privacy and time are the preserve of the reach in an always-on world

    Many of the more positive predictions depend on the Chinese luxury market. The luxury market is changing in China. Luxury goods are used as tools in China; if you look successful, you are more likely to be successful in a culture that relies on high-touch personal relationships to facilitate business. However, consumers are becoming more sophisticated and moving away from at least some of the gaudier products. The Middle East may be a more opportune market for Apple.

    A second use case in the Chinese luxury market is that of a compact storage of value for capital flight or making a payment. The culture of payments for favours is being clamped down on my the Xi administration which has been made visible by a 20%+ drop in luxury watch sales. I don’t know the way plutocrats would likely jump on the gold Apple Watch.

    ‘Apple Watch is just an iPhone remote control‘ Craig Johnson senior analyst at Piper Jaffray – heard on Bloomberg TV. ‘Luxury watches are a store of wealth, an Apple Watch isn’t‘. Which is probably true for many people on Wall Street, but may not true for the truly rich.

    Apple MacBook

    The MacBook carried the biggest dissonance for me and was arguably the biggest disappointment of the Apple Spring Forward event. For long time Apple customers, MacBook means entry level laptop. They used to come white polycarbonate shells that matched the iMac G4 and Apple eMac. Instead the MacBook seems to reflect status:

    • A price point above the MacBook Air, but less powerful and less adaptable
    • Good battery life, but underpowered for many tasks
    • Three finishes including a gold colour that screams status in the iPhone line
    • A single port which made many of geek friends freak out with anger. The morning after one of my friends posted on Facebook about the single port: I am still angry. I use a Retina MacBook Pro at work and suffer from a lack of ports for external drives (including an optical drive), Ethernet, a secondary display and a card reader for multimedia work. The MacBook has a single port which replaces the MagSafe with a USB connection. For business users or creatives the machine is gloriously impractical and destroys their investment in things like the Apple Cinema display. I currently an Apple TV and have tried to screen-cast over Wi-Fi to it for presentations, it doesn’t like video at all. When I travel I usually present, for business users who travel regularly like me the MacBook feels like a pig-in-a-poke. Is the MacBook then decided to be a luxury consumer device?

    The trackpad which is being rolled out across other Apple laptop models looked attractive to me. The next generation of keyboard seems to be less convincing. I suspect its attractiveness will be inversely proportional to your touch typing speed due to the lack of haptic feedback from shorter key travel.  Despite the price point difference, I suspect that the MacBook is actually designed to cannibalise some Apple iPad sales as an executive toy – I don’t know whether it will.

    That’s my take on the Apple Spring Forward event, but I would be interested on your take on it.

    More information

    Post Traumatic Apple Event Disorder
    On Smart Watches, I’ve Decided To Take The Plunge
    The Watch Post
    Size Zero Design | 厌食症设计
    Questions I Have About Apple’s Business | Apple 业务挑战
    CES Trends
    Waking from an Apple Watch hangover « Observatory
    New Apple Stuff and You | The Wirecutter

  • Robot nation in China factories +more

    China’s Factories Are Building a Robot Nation – Caixin – it is amazing how manual things like smartphone manufacture is. Apple moved production to China because pick and place ‘robotic’ automated machines had been used in phone manufacturer, but couldn’t handle the jewellery like manufacturing. Pick and place had been used in Japanese consumer electronics manufacturing since the early 1980s. We’ll see if the China robot nation works out in manufacturing. More related posts here

    Google and Apple may be forced to pay more tax in Russia | Gigaom – it makes sense

    Pablo by Buffer – Design engaging images for your social media posts in under 30 seconds

    Satya Nadella is cleaning up Microsoft’s ‘dirty little secret’ (MSFT) | Business Insider – the challenge is how do you give enough cloud away to encourage trial and adoption. It was easier with package software or OS where you just targeted C-suite and management consultants. I don’t think is necessarily that negative a story for Microsoft

    Vince Vaughn and Co-stars Pose for Idiotic Stock Photos You Can Have for Free | Adweek – genius collaboration with iStockPhotos

    Fund that hasn’t picked a stock in 80 years beats 98pc of peers | SCMP – Voya Corporate Leaders Trust Fund

    What Is the Future of Chinese Trade? | Yale Global – interesting analysis of the Chinese economy

    Brands must target digital strategies to local culture in Japan | Luxury Daily – great insights from L2

    China manufacturing shrinks again in Feb. | WantChinaTimes – partly down to the timing of spring festival

    Chinese shoppers are angry that their luxury Japanese toilet lids are made in China | Quartz – which says a lot about ‘brand China’ for its own consumers

    AirCloset is a subscription fashion box startup with a twist | Techinasia – interesting wear-and-return model

    Panasonic Developing ‘VR Goggles’ – Nikkei Technology Online – interesting that they can be worn as glasses implying a major reduction in weight in comparison to competitors

  • Age of Ultron + more things

    Age of Ultron

    The latest trailer for Marvel’s Avengers: Age of Ultron looks like a CGI feast for the retinas. Age of Ultron is part of the Marvel arc planned out for the next few years. The main protagonist Ultron was originally created by Tony Stark and then went ‘Skynet’ which is where the Age of Ultron picks up the story. More on the Marvel universe here.

    Cerrone

    Amazing documentary by Pitchfork on French musician and producer Cerrone. Cerrone pioneered electronic disco, influencing electro, Italo-disco and house music. The Cerrone ‘sound’ first came together in his track Love in C Minor. Supernature saw him replace orchestra elements with electronic sounds and the rest as they say is history. Cerrone went on to sell charting disco records, film sound tracks and live shows. His records have been highly sampled in hip hop culture. You can find more culture related stuff here.

    Range Rover Evoque

    I am not particularly impressed by the Range Rover Evoque convertible but I did like this trip through the central London section of Crossrail. It has got a James Bond movie feel to the video, which is fitting given the tie in that the brand has had with the Bond franchise films featuring Daniel Craig.

    Valuation: four lessons to take away

    Aswath Damodaran, “Valuation: Four Lessons to Take Away” – on company valuations is a fascinating talk to have on in the background while you work away. 

    Learning how to learn

    A great presentation that I wish I had seen at college on the skill of learning. I had to learn a lot of these lessons by trying and working out what seemed to work for me. 

    The idea of going back and forwards in modes is very interesting in order to help learning. The neural scaffold needs to be built over time.