Ged Carroll

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.

  • Google Answers + more news

    Google Answers

    Google Answers decides to close up shop – Google Answers is an attempt to create high quality material for knowledge search and a monetisation model at the same time. At the top end, Google Answers looked like consultancy on the cheap. Given the size of the core Google business versus other media opportunities Google Answers was never going to be big. However closing Google Answers seems to be less a criticism of knowledge search and more a broader retrenchment to only focus on ‘Google-sized’ opportunities – effectively ossification of the business.

    Design

    x0xb0x– amazing improvement by German designers on Roland’s iconic TB-303

    How tos

    7 tips to save your cell phone battery life

    Lifehacker book

    Ideas

    Information Arbitrage: The Value of Eyeballs and Its Impact on Journalistic Motivation

    The interview: Robert Pirsig | Review | The Observer

    PodCastConUK 2006: Podcasting and the Citizen Journalist. Strange Attractor: Picking out patterns in the chaos

    Innovation

    EETimes.com – Study: Spend more, get more in R&D? Not always

    Media

    Downloading TV Shows leads to more TV watching at Torrentfreak

    IAC/Interactive Wins Fans

    I, Cringely . The Pulpit . Declassified | PBS – how Craigslist has affected local and classified advertising business model of newspapers

    Boing Boing: Record industry association declares DRM dead

    Online

    Bubblegeneration Strategy Lab

    Will Blogs Replace White Papers

    paidcontent: Pearson and major business schools pair up for WikiText experiment

    GigaOM » YouSendIt Bigger Than We Thought

    Monday Morning: First lessons from our Second Life

    Twitter: A Whole World in Your Hands

    Official Google Blog: Google Base turns 1

    Security

    NSS Group – Self-described ‘world’s foremost independent security testing organisation’

    Schools ban wi-fi networks after safety fears

    Software

    WordPress Takes On SixApart With Enterprise Edition and WordPress.com

    Stellarium – great planetarium programme

    Ajaxian » Open-jACOB Draw2D

    Daily Cup of Tech » FreeNAS

    PortableApps Suite | PortableApps.com – Portable software for USB drives

  • Blue Ocean Strategy by Kim and Mauborgne


    Blue Ocean Strategy is an easy to read book that I managed to zip through in next to no time at all. Kim and Mauborgne have written a book that is accessible and easy-to-read, cover-to-cover or dip in and out of for reference or inspiration.The book’s premise is that most business strategy books are about conflict and competition and this is wasteful. Instead it provides a framework for strategists to Think Different and differentiate their businesses instead.

    The blue ocean of the title is the space that the business puts between itself and competitors, in contrast to the red ocean from business conflict. A classic example of a red ocean would be the Chinese approach to business. In China you will see competing restaurants right next to each other. The idea is that one might move in. It becomes successful, which encourages others to compete next to them since it is a known successful formula in that area. The neighbourhood of restaurants does bring in diners, but margins are small due to the level of competition. 

    A classic example would be to think about the PC manufacturers. A classic red ocean environment where IBM left due to competitive pressures, HP and Compaq merged to unsuccessfully in a failed effort to leverage the economic benefits of their combined scale and Apple and Dell are the only two long-term profitable success stories through innovation.

    The problem is now that Dell’s process smarts have become the norm and both Apple and HP have used their operational efficiency techniques to improve their own businesses with leaner supply chains and total product customisation.

    I wholeheartedly recommend Blue Ocean Strategy. However the type-a personalities in charge of many organisations that most need to read it, will never touch the book or hear its message and as the bard said there-in lies the rub. More book reviews here. 

  • Yahoo Found + more news

    Yahoo Found 

    Advertising Age has a case study of the Yahoo Found campaign that ran in London.The Yahoo Found campaign was interesting because it used the environment as an interaction with the poster executions to give it an experiential feel.

    The Yahoo Found campaign reasonated for a long time with consumers and we took found arrows on to the streets long after the poster campaign had finished to hijack the Dukes of Hazzard UK fillm premiere, SES London (with the help of Vegas showgirl outfits) and a Harry Potter book launch.

    Running a brand building campaign like Yahoo Found on a sustained basis takes a lot of cojones, especially in a corporate environment. Its a pity that Yahoo Found wasn’t exploited to its full potential.The problem that marketers now face is that brand activating tactics Google Adwords provide a safer option with PowerPoint friendly data that can be dropped into pivot tables and used like a crutch to support their decision-making in the face of a hostile management.

    What this doesn’t capture is brand equity through salience and mental availability which provides more diffuse benefits of preference over time.

    Influential analyst houses

    Interesting survey over at Duncan Chapple’s blog over which analyst houses have the most influence.Whilst the split may may change depending on what tech sector your client is in, its an interesting piece of research; particularly when you see the dominance of US focused players.

    And the fact that a good third of the most influential analysts are in the other category indicating a large amount of fragmented trusted expertise.

    EU roaming charges

    Meanwhile the GSM Association have a handy site that allows you to compare roaming charges when you visit different countries in Europe.

    I tried it using Orange post paid as my settings to have a look at different carriers. What I found interesting was that in the countries that I sampled (Germany, Ireland, Spain, France) there was not price differential between the carriers. Of course this was an unscientific test isn’t at all indicative of price fixing is it?

  • Veoh and misc. tech stuff

    Veoh Networks is a great company, though I haven’t worked out yet whether it is sailing too close to the wind or not. The company is funded by media conglomerate Time-Warner and Michael Eisner (the former ruler of planet Disney). The website looks like YouTube, but with some important differences:

    • Veoh lets you submit full-sized streaming videos
    • YouTube limits its users to 100 MB files.
    • Veoh can do 2 GB files distributed via a P2P-client available for Mac and that other platform

    I’ve been enjoying a selection of ‘so-bad-they’re-good’ 1970s martial arts movies off there. The Mac client is really easy to use. My main concern is how will the company make money in the longer term. I can see someone like TimeWarner using Veoh as a guinea pig to further is experiment with AOL and online TV. On second thoughts just enjoy it while you can! More media related posts here.


    I’m with Stupid    Apple has apparently moved away from using a PortalPlayer media processor in all its iPods and instead moved to Samsung for the next-generation of MP3 players. PortalPlayer is very exposed to the Apple business, with iPods counting for about 70 per cent of its sales according to a Reuters report that I’ve read. Its not healthy for PortalPlayer, hopefully the company will diversify its client base to become more independent.

    However Samsung as a supplier was also a dumb move for Apple. This is not a commodity product like flash memory where Apple can use multiplie suppliers and change at will, the media chip is central to the iPod functionality and experience.

    Does it sound like a smart move to work closely with (and educate in the art of engineering a killer MP3 player) a large ambitious, hyper-aggressive company that wants to eat Apple for lunch? It has been alleged that Samsung had meetings with creative agencies in London where the central theme was Kill iPod.

    You can chart the fall of the iPod empire from this moment on…

  • Pop Truth and Power at the Coca-Cola Company by Constance Hays

    The journey back north gave me time to read Constance Hays expose of the accidental success that is the Coca-Cola company Pop Truth and Power at the Coca-Cola Company.

    The book was a bit repetitive in parts and could have been reined in with some proper direction and editing, but that’s a problem of the editor rather than the author per se. Despite these flaws it provided an interesting insight into how a company had become such a colossal success in spite of itself and a parable on what happens when you try and shaft distribution channel partners.

    The Coca-Cola Company used interesting accounting arrangements and stuffed its distribution channel in order to deliver results. But this just moved revenue allowed them to book revenue early rather than creating business growth. In this respect is similar to the way IBM started selling rather than leasing mainframes to book sales early whilst personal computing ate into its business market. It used an off-balance sheet transaction to set up a separate distribution company and then buy up its partners bottling operations. Eventually this arrangement together with product disasters like New Coke and Dasani caught up with them

    Unlike Enron these weren’t bad people, they were just trying to keep Coke enjoying the kind of success it had always been in a changing world. The changing world increasing dominated by savvy consumers and operators like Wal Mart that have a touch of the night about them. Where it gets interesting is how someone like Warren Buffett could get taken for the ride by the Coca-Cola Company.

    It is full of high-drama like directors being called to meetings in distant aircraft hangars, being fired by key shareholders and then all of them going home in their own Gulfstream jets – quality, you couldn’t make Pop Truth and Power up, even if you wanted to.