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.

  • Knee surgery + more things

    What Does Knee Surgery Cost? Few Know, and That’s a Problem – WSJ – no idea of costs and processes – why things are done. The thing that concerns me more is that knee surgery (and other medical processes) need more sensitive work than what business transformation consultants brought to industry. Otherwise it will be kneecapping Belfast-style rather than knee surgery going on

    Struggling Chinese firms offloading assets means property bargains galore for foreign investors | South China Morning Post – Under Chinese law, overseas investors cannot directly buy assets in China. They either have to buy a stake in a company involved in a project, or acquire debt portfolios, mostly from one of the four main managers of distressed assets – a quick change in Chinese law could leave these investors screwed, this looks like a trap to me

    The psychology of popular media culture Twenge, Martin & Spitzberg – American Psychological Association – PDF white paper on trends in media use covering a 40 year period. More media related content here

    China is clear leader in the 5G race – Deloitte | Telecoms.com – interesting, but what about Korea, Singapore etc? I suspect that this is very China vs. US focus

    Botched CIA Communications System Helped Blow Cover of Chinese Agents – Foreign Policy – how the CIA will be able to build trust with agents in the future is going to be a challenge

    Adversaries Could Have Fiddled With US Satellites: DoD IG « Breaking Defense – Defense industry news, analysis and commentary – If Chinese and Russian spies have been doing their jobs well, they might well have been able to compromise some of America’s most important satellites, including the missile launch detection birds known as SBIRS.  A report out today from the Pentagon’s Inspector General says that Air Force Space Command’s failure to safeguard its supply chain means that “an adversary has opportunity to infiltrate the Air Force Space Command supply chain and sabotage, maliciously introduce an unwanted function, or otherwise compromise the design or integrity of the critical hardware, software, and firmware.”

    Macau: the incredible poverty at the heart of world’s richest place | South China Morning Post – the Gini coefficient must be higher than Hong Kong or the US surely?

    Exclusive: U.S. government seeks Facebook help to wiretap Messenger – sources | Reuters – The U.S. government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect’s voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter their products to enable surveillance – not terribly surprising. If they manage to achieve this could the method be applied to Signal? Also would there be a precedent to break Apple’s resolve?

    How Björk robots influenced the way we think about the future. | Slate – continues a long patterN – Star Trek communicator and the cellphone, Minority Report and touch interfaces, Neuromancer’s influence on VR – there is a continual feedback loop. It is interesting how much recent sci-fi feels very much rooted in the present

    There’s one thing that some virtual assistants can’t do – understand an Irish accent – Independent.ie – or a regional British accent for that matter

    Robot to star in new Tony Kaye movie 2nd Born – CNET – looking forward to a new Tony Kaye film

    Y Combinator to Set Up China Arm With Ex-Baidu Exec as CEO – Bloomberg – interesting move, I met Yu back at Yahoo! where I found him to be highly strung

  • RXBar + more things

    RXBar runs anti-ad with quirky campaign featuring Ice-T | CMO Strategy – Ad Age – the brutal honesty is likely to get old fast, but shows how breaking the rules works. RXBar being a challenger brand can afford to get away with this in order to build (temporary) brand salience

    From laboratory in far west, China’s surveillance state spreads quietly | Reuters – The scanners are hand-held or desktop devices that can break into smartphones and extract and analyze contact lists, photos, videos, social media posts and email. – Apparently works on iPhones as well as domestic Android handsets

    CEO pay: How the pay-for-performance model fails — Quartz at Work – In the 1970s, shareholders took out about 50% of a company’s profits, while the rest was reinvested in the productive capacity of the firm, including R&D to employee training and rewards. Today, the shareholder gets over 90% between dividends and share buybacks. Today, a 60% or greater weight on equity or equivalents is the norm in pay packages. – this isn’t new Will Hutton was writing about this in The State We’re In over two decades ago

    Hong Kong separatist party leader Andy Chan Ho-tin calls China ‘a threat to all free peoples in the world’ in fiery Foreign Correspondents’ Club speech | South China Morning Post  – The FCC website was down on Tuesday afternoon because of a suspected malware attack. – subtle China, subtle. I’d be very surprised if China doesn’t dial up emphasis on China patriotism over Hong Kong patriotism. More related posts here.

    A $40 Billion Plan to Cash Out Of Bitcoin – Bloomberg – Bitcoin: A digital currency that’s spent nowhere, a commodity that’s used for nothing, and a libertarian dream that’s effectively run by elites. – Bitmain’s chips are apparently more of interest to machine learning processes in the future than the bitcoin mining that they currently do. They also run the biggest bitcoin mining collectives. There is also a key concern over rising energy requirement per bitcoin ‘mind’

  • Self doubt + more things

    Why social media and selfies are filling Hong Kong’s young women with self-doubt | South China Morning Post – 10 per cent of women in the 16 to 24 age group attributed their negative feelings to social media, while 31 per cent said it was due to friends and 28 per cent pointed to health. For older women, only 5 per cent cited social media, 18 per cent said friends and 40 per cent named health as an issue – survey of 1,010 respondents by think tank MWYO. Sample size is a little low. I suspect that self doubt and low self esteem due to social media is more than a Hong Kong phenomenon. There is a Dove brand marketing campaign in these insights. Filters and beautification camera apps probably drive this process even harder.  More on social media related topics here

    Ric Flair aka Nature Boy the veteran American wrestler from WWE appears in these ads. I love it for the nostalgia if nothing else. What’s amazing is the longevity in wrestling personality brands. World Wrestling Entertainment has an undervalued skill in building brands and sub-brand through storytelling that is timeless in nature. WWE is right up there with Disney in my book.

    Will China Let Google Back in? – MacroPolo – not likely, because China doesn’t need Alphabet.

    This is how Dutch police know you’re buying drugs online – interesting how transactions that don’t go through escrow can be compromised and how the police seem to be getting good intelligence on where the servers are located. This could be conventional police work, bad server set up or a compromise in the infrastruce of the dark web

    What does QAnon have to do with leftist Italian authors Wu Ming — Quartz – fascinating read. QAnon is definitely a pre-meditated construct, but beyond that we don’t know anything more about its creation.

  • The Internet of Stupid Things

    The internet of stupid things is a more charitable phrase for what many consumers call the Internet of Shit. Yes lots of products can be internet enabled, but should they be? There is a mix of challenges that result in products which fall into the following two categories:

    • Products that are internet enabled but shouldn’t be – the Happy Fork or the Griffin Smart Toaster being classic examples. I found the Griffin Smart Toaster particularly disappointing as the company’s products such as the PowerMate are generally really good. It doesn’t take the greatest imagination to see how a smart toaster could even be hacked; causing a fire – hence the internet of stupid things. Why do household appliances really need to be attached to technology. Teasmades woke you up and made a mug of tea for you to have first thing. This was a product that reached peak popularity in the 1960s and 1970s – well before cloud services.
    • Products that would be benefit from tech, but shouldn’t rely on the the cloud. I’d argue that Nest would fit in this category where cloud outages could have serious impacts on the consumer. American Nest customers have had some hard winter nights when their Nest control system went down due to cloud outages. There was no off-cloud or manual control mode that the Nest devices could take advantage of.

    It is interesting to see that Li & Fung (who are famous for global supply chain management provided to western brands and retailers) are involved in this video. It is also interesting that they are taking such a proactive view on experience design education.

    The qualitative design research Li & Fung did on skiing wearables for a client – made me wonder what value do Li & Fung’s clients bring to the table. More on design here.

  • Jane Pong & things from last week

    Check out these beautiful infographics by Jane Pong. She previously worked at the South China Morning Post. Jane Pong comes up with amazing ways to visualise information in an easy-to-digest format that works equally well in print and digital. More design related content here.

    How the ideogram structure and smartphones are affecting Chinese literacy. Chinese people learn thousands of characters as part of their literacy in their own language. But unlike alphabets in languages like English or Russian; you can’t guess at a lot of words. This is especially problematic because of the tonal nature of the languages as well.

    Electronic character input tries to get around this by suggesting characters based on pinyin or character auto-prediction. This means that if you haven’t written the character in a long time, due to auto suggestion in apps, they lose handwriting muscle memory.

    Trendwatching on the future of retail. What’s coming through this is the importance of retail in terms of culture and experience as well as consumption.

    Saul Bass on Why Man Creates via Jed Hallam’s newsletter. Bass made his reputation in developing branding design for US companies from the post war years, well into the 1980s. You might not know his name, but you will recognise his work.

    Movie posters for:

    • Vertigo
    • Psycho

    Movie title sequences for:

    • Broadcast News
    • Goodfellas
    • Cape Fear
    • Casino

    His logo designs include:

    • AT&T
    • Quaker Oats
    • United Airlines
    • Warner Communications
    • General Foods

    Saul Bass’ logo designs were seen as an unusually good investment for brands. The average life of a Saul Bass logo is more than 34 years. The logo was most often retired because the company was merged or disappeared. More here.

    Ogilvy Consulting on buyer behaviour