tag > Business
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"Any organization that designs a system will produce a design whose structure is a copy of the organization's communication structure." - Melvin E. Conway
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Court in Switzerland: Companies must pay share of rent for employees working from home
Switzerland’s top court has ruled that employers are required to contribute to employees’ rent payments if they are expected to work from home.
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Innovation Management Software
- https://www.hypeinnovation.com
- https://info.gartnerdigitalmarkets.com/ideadrop-gdm-lp
- https://www.organizedfeedback.com
- https://innovationcast.com/
- https://www.wellspring.com/
- https://www.cotunity.com/
- https://www.brightidea.com/
- https://innovation360.com/
- https://www.qmarkets.net/
- https://www.viima.com/
- https://www.spigit.com/
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The market capitalization of these 5 companies are as large as the bottom 350 S&P 500 stocks combined, and almost as much as the entire rest of the developed market around the world.
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Meicai: China’s Unicorn Farm-to-Table Startup (radiichina)
Farm-to-table is a direct relationship between a specific farm and a restaurant. Originating from China, Meicai is a app that allows users to get produce delivered from a farm straight to the comfort of their homes. It was established in 2014 by owner Liu Chuanjun. Meicai assures that the harvests reach the location within 12 to 18 hours after the order has been placed. Its consumers range from individuals to 10 million restaurants. The company is valued at over $7 billion.
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Company aims to monetise China’s social credit system (SCMP)
China is developing a controversial social credit system of rewards and punishments meant to encourage people and businesses to abide by rules and to promote integrity and trustworthiness in society at large. The government aims to have it in place by 2020, and so far its most visible applications include a ban on people from booking express trains or flights if they appear on various “blacklists”. While there are still many questions about how the system will be implemented, at least one company is setting its sights on making money out of social credit.
#China #Economics #Business #Technology #InfoSec #Cryptocracy
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Report reveals ‘massive plastic pollution footprint’ of drinks firms (Guardian)
"Coca-Cola, PepsiCo, Nestlé and Unilever are responsible for more than half a million tonnes of plastic pollution in six developing countries each year, enough to cover 83 football pitches every day, according to a report."
“Why are we here?”
Plastic… asshole.”
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Late Capitalist Comedy: McDonald's and other brands are making 'social distancing' logos (CNN)
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Facebook is losing another board member, and is appointing a former Treasury official as its lead independent director (Business Insider)
Facebook named Robert Kimmitt, a former deputy Treasury secretary and US ambassador to Germany, as its lead independent board director on Thursday. "We've been looking for a leader who can bring significant oversight and governance experience," Mark Zuckerberg said of Kimmitt's appointment. Another board member, Jeffrey Zients, will be stepping down at the company's next shareholder meeting. The moves are the latest in a series of significant shakeups on Facebook's board in recent months.
Robert M. Kimmitt (born December 19, 1947) was United States Deputy Secretary of the Treasury under President George W. Bush. He served from 1991 to 1993 as United States Ambassador to Germany and was awarded the U.S. Defense Department Distinguished Public Service Award as well as Germany's Order of Merit. r. Kimmitt was a managing director of Lehman Brothers from 1993 to 1997.
Kimmitt was on the CIA National Security Advisory Panel (1997).
Jeffrey Zients (born November 12, 1966) is an American chief executive officer, management consultant, and entrepreneur. Zients is currently the President of The Cranemere Group. From February 2014 to January 2017, he served as Director of the United States National Economic Council and President Obama's Economic Advisor. While working at Bain, Zients reported to South African Mary Menell; they later were married in South Africa with Menell's parents' family friend Nelson Mandela in attendance.
Facebook Is ‘Just Trying to Keep the Lights On’ as Traffic Soars in Pandemic (NYTimes)
The social network is straining to deal with skyrocketing usage as its 45,000 employees work from home for the first time.
Mark Zuckerberg, Priscilla Chan and Bill Gates to fund $25M coronavirus research group (cbs)
That’s 0.04% of their net worth. In other words, it is the cost of a PR campaign.
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The Modern Supply Chain Is Snapping
The coronavirus exposes the fragility of an economy built on outsourcing and just-in-time inventory.
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Europe Wants a ‘Right to Repair’ Smartphones and Gadgets (nytimes)
The European Union announced an ambitious plan on Wednesday that would require manufacturers of electronic products, from smartphones to tumble driers, to offer more repairs, upgrades and ways to reuse existing goods, instead of encouraging consumers to buy new ones. The “right to repair,” part of a wide-ranging policy package known as the Green Deal that was introduced this month, is the latest example of the European Union’s ambitions to promote more sustainable economic growth and to prevent waste.
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Coronavirus has disrupted supply chains for nearly 75% of U.S. companies (axios)
- Manufacturers in China report operating at 50% capacity with 56% of normal staff.
- More than 44% of respondents said they did not have a plan in place to address supply disruption from China.
- Six in 10 (62%) respondents are experiencing delays in receiving orders from China.
- More than half (53%) are having difficulty getting supply chain information from China.
#Comment: It is high time for the global community to take alternative, resilient bioregional supply chains much more serious. Scale out, not Scale up.
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Will Gilead Sciences Make a Fortune Off Its Coronavirus Drug? (fool.com)
As the coronavirus outbreak continues to spread around the world, only a couple of companies have successfully brought treatments to clinical trials so far. One of them is Gilead Sciences (NASDAQ:GILD), whose former Ebola drug candidate, remdesivir, appears to be an effective way to treat COVID-19 symptoms.
Gates: "Although the percentage of the HIV burden [The number of affected people] that’s in developed countries is actually very small, at roughly 5%, the spending to help those patients is a significant portion of the total globally. Gilead Sciences, which has made a lot of money from HIV-related drugs, including Tenofovir, is our partner in using Tenofovir as a daily-dose prophylactic in the developing world. It had some good results, but the adherence on a daily prophylactic was very poor."
Gates-funded program will soon offer home-testing kits for new coronavirus (seattletimes)
Testing for the novel coronavirus in the Seattle area will get a huge boost in the coming weeks as a project funded by Bill Gates and his foundation begins offering home-testing kits that will allow people who fear they may be infected to swab their noses and send the samples back for analysis.
COVID-19 Therapeutics Accelerator (gatesfoundation.org)
That is why today, we are joining forces with Wellcome and Mastercard to beef up our response—backed by $125 million in both new funding and money already earmarked to tackle this epidemic. The money will be used to identify potential treatments for COVID-19, accelerate their development, and prepare for the manufacture of millions of doses for use worldwide. The expertise of pharmaceutical companies will be critical to this endeavor, named the COVID-19 Therapeutics Accelerator.
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Coronavirus side-effect: Transformation of China’s business models, logistics, and service delivery - by Niti Bhan
Just the way the SARs epidemic kicked off China’s e-commerce revolution back in 2003, the ongoing COVID-19 containment strategies maybe triggering an even larger transformation of the Chinese economic ecosystem.
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The Capital That Ate Wellness Is Going to Eat Your Mushrooms - Venture capital arrives for psychedelics (NYTimes) (previously)
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Strong Opinions, Weakly Held — a framework for thinking - by Ameet Ranadive
“I have found that the fastest way to an effective forecast is often through a sequence of lousy forecasts. Instead of withholding judgment until an exhaustive search for data is complete, I will force myself to make a tentative forecast based on the information available, and then systematically tear it apart, using the insights gained to guide my search for further indicators and information. Iterate the process a few times, and it is surprising how quickly one can get to a useful forecast. Allow your intuition to guide you to a conclusion, no matter how imperfect — this is the ‘strong opinion’ part. Then –and this is the ‘weakly held’ part– prove yourself wrong. Engage in creative doubt. Look for information that doesn’t fit, or indicators that pointing in an entirely different direction. Eventually your intuition will kick in and a new hypothesis will emerge out of the rubble, ready to be ruthlessly torn apart once again. You will be surprised by how quickly the sequence of faulty forecasts will deliver you to a useful result.” - Paul Saffo
