Tag Archives: business

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.
Read more »

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.

Is radical innovation a thing of the past?

It is a rash commentator who calls the end of history. Such declarations, as Francis Fukuyama discovered, tend to be made on the eve of wrenching change. Even so, despite the mass of management thinking forced between hard covers and carpet-bombed weekly on to cowering readers, it is hard to identify radical innovations from the past decade and tempting to think great breakthroughs are no longer possible.

Plenty of thinkers would beg to differ. Ten years after Good to Great was published, Jim Collins is back as co-author of a new book, Great by Choice , touted as “groundbreaking” despite its derivative-sounding title. Michael Porter believes “creating shared value” will mark a turning point in economic history, though critics claim his latest idea is corporate social responsibility under a new guise. Gary Hamel, meanwhile, is promoting the open-access Management Innovation eXchange – “the MIX”, an online clearing house for management ideas – as the vehicle for nothing less than a reinvention of the discipline.

In May, Prof Hamel blogged that “the emerging ‘social technologies’ of Web 2.0 are likely to transform the work of management root and branch”. He laid down an “e-gauntlet” to organisations to share ideas about how they were becoming “more adaptable, innovative, inspiring and accountable”. A few cynics have fallen into the MIX (though the contributor who offered a lapidary contribution headlined “innovation sucks” seems to have disappeared from the site). But the winners of the first phase of the prize mostly defy scepticism – mainly because the improvements they propose seem to be working in practice. Read more »

Is Your Website Marketing smart?

Tongfei Kou's Website / 寇同飞的个人网站

Forwarded from Take 10 Marketing
Posted on May 24, 2011 by ipreneur

See what happens in this funny animated video (Rated Pg 13 –  Warning Sexually Explicit Language & Crude Humor) when a business owner looks to update his website, then read the key marketing consideration (below) when you create or update your website…

Most business owners have a website or know they need a website, but they often fail at making their website marketing smart. Yes your site needs to provide  the who, what, when, where and how information about your business, be simple, attractive and intuitive to navigate, but what else? Here are 5 simple things you should do with your website to make sure it’s marketing smart… Read more »

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