Author Archives: Tongfei Kou

Avoid These 6 Recipes for Business Disaster

The article was originally posted at The Wall Street Journal (http://cn.wsj.com/gb/20120809/inv073628_ENversion.shtml)
Author: MIKE MICHALOWIZ

We are all looking for a recipe for business success that is easy to follow. But what if instead there was a recipe for disaster?

Why would anyone want to know the formula for failure? Because you may be blind to the fact you are already following it, at least in part. And if you know the ingredients to avoid, you’ll save your business before it’s too late.

I thought about all of the entrepreneurs I’ve known, worked with and mentored over the years, and all of the businesses I’ve studied, and I came up with six recipes for disaster. Avoid these and your odds of success will increase dramatically.
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Google Self-Driving Car Test

Industrials face turbulence from cooling China

Buoyant Chinese demand has been a wonderful palliative for western industrial companies in recent years that helped to offset anaemic European and US sales.

However, comments from leading industrial companies last week suggest Chinese demand for a host of western-produced capital goods ranging from earthmoving equipment to automation technology is – at least temporarily – starting to slow.

China’s efforts to cool a real estate boom and engineer a soft landing come as its manufacturers hold back fixed-asset investments due to tighter credit, overcapacity and slower demand from the debt-encumbered eurozone.

Volvo, the commercial vehicles group, warned as early as last summer of an impending slowdown in Chinese demand for construction equipment, which it described as temporary.

In October ABB, the Swiss electrical engineering group, also observed weaker demand for its power systems and process automation technology in China, where overall orders declined by 5 per cent in the third quarter.

Now, as European and US industrials have begun reporting their latest quarterly figures, more companies have expressed caution on the short-term outlook in China. Read more »

Danish factories move out from China

According to Danish media, increasing number of Danish companies to moving their factories back to Denmark than manufacturing in China. An example could be that a Danish company called T-REX, who has been producing accessories for music instrument in China for 7 years, has decided to shut down its production facilities in China and move back to Denmark. Those companies believe that it’s more profitable to produce in their homeland than “Made in China”.

Along with economic development in China, cost prices of raw material as well as labour force are increasing rapidly. With language and culture problems on top, many Danish companies believe that continuing producing in China is a waste. By contrast, it’s more profitable to produce in Denmark.

Due to the fact of financial crisis, many companies have to simplifies their structures and business areas to minimise expenditures.

According to Economic and commercial Counsellor’s Office of Embassy of the PRC in Kingdom of Denmark.

iPhone camera used to study traffic lights

By Tyler Lee

Don’t you just hate it when you’re headed towards a traffic light, brake, only to have the lights turn green 2 seconds later? If you didn’t already know, unnecessary or excessive braking will result in your car wasting energy and fuel due to the amount of fuel required to get your car moving again.

The good news is that a group of researchers from MIT and Princeton University are currently researching when is the best time to stop and restart your cars when at a traffic light. This is accomplished with an iPhone mounted on the dashboard of the car, and through the use of the iPhone’s camera and a GPS system called SignalGuru, it will be able to tell the driver when is the best time to slow the car down in order to help save fuel.

In the US it appears that the system works just fine, and when they tested it out in Cambridge, MA, it was reported that fuel consumption was cut down by 20%. However in other countries such as Singapore, it did not work as well as the researchers hope as the length of traffic lights in Singapore are determined by the amount of traffic in that particular area.

Given that fuel efficiency is the current buzzword, let’s hope that this system becomes more widespread and find its way to standalone devices or other smartphone platforms!

Click here to read the research report: SignalGuru: Leveraging Mobile Phones for Collaborative Traffic Signal Schedule Advisory

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