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.

  • Vaping

    What in the world has China ever done for us? Vaping – a China invention designed originally to help smokers reduce risks from tobacco. My exposure to electronic cigarettes (or vapes) was with seasoned smokers looking for a healthier opportunity, or a path to help wean themselves off nicotine all together. I had seen some research that suggested teen trial of vaping was growing – this was from E-Cigarettes: Youth and Trends in Vaping – Journal of Pediatric Health Care, volume 29, issue 6, pages 555 – 557 (November – December 2015)

    Among youth in the United States, e-cigarette use rose from 3.3% in 2011 to 6.8% in 2012 (Grana, Benowitz, & Glantz., 2014). This increase resulted in an estimated 1.78 million middle and high school students having used e-cigarettes (CDC, 2013). The trial and use of e-cigarettes have been higher among youth in Europe and Asia. A recent study on Korean youth found the trial use of e-cigarettes rose from 0.5% in 2008 to 9.4% in 2011 (Lee, Grana, & Glantz., 2014), and among youth 10 to 15 years of age in Poland the rate of those who had ever used e-cigarettes was 62% in 2014 (Hanewinkel & Isensee, 2015).

    Now what I don’t know is how good the research quoted actually was, or the factors in ‘trialling’.

    You also have to remember that there is a big health research grant eco-system that depends on tobacco control which has sprung up over the past 40 years which will affect the framing of the data.

    I am not saying tobacco isn’t harmful, but it is useful to understand the likely factors framing the presentation of information.

    I was surprised by this video from the Shanghai Vap Expo in China. It was more like going to a skateboarding convention back in the day:

    • Lots of independent resellers from around the world for vaping liquid – mirroring the variety of skateboard parts makers. Many of the formulations on sale had no tobacco
    • Vaping tricks and demonstrations
    • Clear tying of vaping to sub-cultures: hip-hop, race-girl type outfits. Pretty much any ancillary activity would expect around a Red Bull event or the X-Games

    Vaping is clearly being positioned as a central part of a youth sub-culture in China. But it hasn’t stopped Chinese courts shutting US provider Jul out of the Chinese market. This is stark contrast to the US where the government views vapes as an ascendant health threat. And in the videos vaping didn’t involve nicotine, again an interesting development. More related posts here.

  • Christina Xu on Chinese UX

    About Christina Xu

    I’ve been a big fan of work by Christina Xu for a while now and this presentation is a great example of her research. She has worked as an ethnographer for a range of clients including Daimler Benz, VF Corporation (the people who who own Timberland, North Face and Supreme) and Spotify. This presentation on Chinese UX in action is well worth bookmarking to watch it if you don’t have time now. Save it and watch it during your lunch break.

    Key takeouts

    • Etiquette about the order of proffering versus scanning a QRcode to exchange (WeChat) contact information
    • Digitisation of red envelopes drove take up in mobile payments
    • Great examples of online to offline (O2O) interaction in processes and services that are continually expanding.  
    • Driven by ubiquity of mobile phones 95.5 phones per 100 people with a number of people using two phones
    • Users across ages and demographics
    • Mobile adoption is coming on top of a rapid industrialisation. People are getting used to a whole much of stuff at once. Interesting points about the lack of social norms or boundaries on the usage of online / mobile service in the real world. I’ve seen people live their online life in the cinema there are NO boundaries as Christina says.
    • Mobile payments came up the same time as credit card payments
    • Population density on the eastern seaboard of China. Density has helped delivery services and high speed public transport
    • DidiChuxing allows for tailored surge benefits for drivers rather than search-and-forget version on Uber
    • WeChat commerce doesn’t facilitate international shipping
    • Westerners build messenger experiences for scale with automation, Chinese look for bespoke customisable ‘squishy’ experiences down to western interpretation of convenience. Chinese convenience is an absence of ‘nuisance experiences’ – real world interactions help prevent friction. Or is it culturally sanctioned ‘nuisance experiences’ that deals with differing experiences

    More related content here.

  • LINE tries to crack US + more things

    LINE Tries to Crack US Messaging… With a Times Square Store for Plush Toys? – this isn’t about LINE trying to crack the US market its about reaching an international audience for Brown and Co. Think of LINE as a ‘Sanrio’ analogue with a technology company attached when it comes to markets like the US. LINE is unique in this regard, combining both media assets and technology and that why LINE tries to crack US isn’t as crazy  Think about the amount of Asian tourist footfall…

    China’s newest trend: mini karaoke booths at shopping malls | South China Morning Post – Li said that at traditional karaoke bars, users have to reserve rooms in advance and there were usually extra charges such as service charge and for beverages and fruit served. – interesting because it moves KTV into a more family orientated area with no room for the ‘added services’ including drink and company at the shadier end of the sector

    Ad Tech Firm Criteo to Launch Data Cooperative to Help Retailers Take On Amazon – WSJ – a combination of actors here. Criteo’s business is threatened by the all encompassing ad tech stacks of Google and Facebook – who between account for 85% of online advertising growth. The main insurgent online adverting provider is Amazon… E-tailers in many product categories are now dealing with Amazon as the number one product search engine and e-tailer. This won’t address the challenge of breaking consumer habit of ‘let’s hit Amazon and eBay first to see if I can get it’

    Under Armour’s sneaker business has cratered | Quartz – not terribly surprised – when you think about how their basketball business relied on Curry, their football boots have entered a hyper competitive market and the brands historic relationships with college sports

    WeChat Vs. LINE Battle Of the Merchadise Stores | China Channel – really interesting battle LINE sometimes looks as much like Sanrio as a technology firm, its character Brown is popular merchandise

    The UK home secretary is wrong: ‘real people’ need end-to-end encryption | TheNextWeb – probably won’t help digital start-ups either

    UK home secretary Amber Rudd says ‘real people’ don’t need end-to-end encryption | BusinessInsider – what would Amber Rudd know about ‘real’ people

    Shanghai to build ‘brand economy’ | Shanghai Daily – really interesting. In general China isn’t the most marketing orientated business culture so having them talk about brand rejuvenation and brand building is a step change. Shanghai makes the most sense as historically it was the commercial centre of China. In the longer term this is a big move against global brands currently there. There has already been a move towards local FMCG despite past security scares, this seems to consolidate that move further

    Fox Will Bring 6-Second Ads To TV During Teen Choice Awards | Media – AdAge – it will be interesting to see the efficacy of these ads as will have implications for online brand advertising moving forwards (paywall)

    Google’s Push for Dominance Brings Big Change to YouTube | Digital – AdAge – working on media partnerships (paywall)

    Tesla Model 3 Buzz Belies Tiny Electric Vehicle Market | CMO Strategy – AdAge – (paywall)

    Fendi taps Hong Kong millennial consumers by featuring Taeyang and Asian hip-hop acts | Style Magazine | South China Morning Post – interesting that Fendi is further blurring the lines between streetwear and luxury

    LVMH Tests the Notion That Brand Trumps Traffic in China – Bloomberg – going it alone in e-commerce in China rather than being on Jd.com or Alibaba

  • BBC Reith font, Johnston & San Francisco

    Whilst looking for the new BBC ‘Reith’ font – which they’ve done in-house to update Gills Sans and not pay licence fees, I came across this interesting specification on global web page design by the BBC.

    Mark Ovenden talks about the new font as part of a wider appreciation of Gill Sans and Johnston (the London Underground font) in a BBC 4 documentary. It was interesting to hear how Neville Brody used it in City Limits magazine and the challenges these fonts faced in the move to digital – first of all for graphic design and then for online consumption.

    Finally, from a font perspective, I found this video from Apple WWDC 2015 that Apple used to introduce its San Francisco family of typefaces as its system font (they also use it as their corporate font now). This was the first font designed in-house at Apple in 20 years. Apple keeps it tightly controlled and restricts access to it.

    I looked back on Apple’s website from 10 years ago following the launch of the iPhone I realised how fad driven web design could be.

    Apple's website circa 2007

    In particular notice the reflection was very now at the time. Javascript had taken off with web 2.0 and someone came up with a block of code that did reflections on images a la the image effect you can get in PowerPoint. This then drove a wider trend to do this in code or in InDesign. You can blame the font gradient on a similar ‘cool Javascript hack’ to design trend meme as well.

    SaveSave

  • Vic Gundotra + more things

    Vic Gundotra – The end of the DSLR for most people has already… – ex Googler Vic Gundotra endorses the iPhone as a camera phone for structural reasons in the Android community, of course you could always use a third party camera software instead. What’s more interesting is the implications around system-level innovation and hardware support

    Summer of Samsung: A Corruption Scandal, a Political Firestorm—and a Record Profit – Bloomberg – interesting profile of Samsung. Interesting that they don’t realise Huawei is the big bad wolf yet

    The myths of the digital native and the multitasker – ScienceDirect – fits in with what I’ve seen in terms of empirical evidence, millennials are just as bad at technology as the rest of us (paywall)

    Russia Bans’Uncensored’ VPNs, Proxies and TOR | Torrent Freak – interesting implications for China. I wonder how they would achieve all this?

    Announcing Ghost 1.0 – possible WordPress replacement or niche player?

    The ‘real’ reasons manufacturing returning to US – Yahoo! Finance – it depends how you measure costs. Automation requires more capital, upfront costs and benefits big production runs in certain industries. Automation more limited in batch contract manufacturing. Still barriers: ecosystems of suppliers, expertise, skills and access to critical raw materials (rare earth metals, cobalt and coltran). A crisis in shipping (such as the collapse of Hanjin Shipping) will hit both international long supply chains and Chinese finished products equally hard

    Chinese Fintechs Use Big Data To Give Credit Scores To The ‘Unscorable’ – I wonder how this intersects with the PRC govt social scores?

    Turn Off, Drop Out: Why Young Chinese Are Abandoning Ambition – interesting for the subtle differences between this and gen-x style slackers

    Google Adds Autoplay Video to Search Results Page | The SEM Post – this will be terribly annoying

    eBay Powers Searching and Shopping with Images on Mobile Devices – eBay Inc – interesting move turning every shop into a potential showroom for the eBay marketplace

    P&G cuts more than $100 million in largely ineffective digital advertising | WSJ – (paywall)

    Trending posts — Steemit – paid social network. Apparently digital payments of some sort are given per post. They are held in a blockchain database. I won’t lie, I’m sceptical to say the least

    Hong Kong’s Lee Kum Kee Group to buy London’s ‘Walkie Talkie’ building in historic £1.3b deal | South China Morning Post – interesting that Hong Kong investors think that central London office property is cheap enough to make big deals like this. I think they might be disappointed at least from the short to medium term. It could be a play to gain a UK foothold well in advance of Hong Kong’s final assimilation by the motherland

    Inside LeEco’s spectacular fall from grace | Engadget – I was reminded of an old client Enron, when I started reading about LeEco. Like Enron, LeEco started off in one business (video streaming) and then exploded into several other sectors at once before collapsing under the weight of its ambition. Like Enron, I was left feeling that LeEco just didn’t make sense, except in the mind of a megalomaniac with wicked Excel skills