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Capitalists

Be Rich and Have Sons…

March 17, 2006 | By | One Comment

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The Sons of Thunder…is a common prayer in East Asia. Done with incense by devout and cultural Bhuddahists.

Your Business Blogger was a bit curious about this superstitous nature when visiting an ancient temple.

Until.

Until, I remembered a nifty BMW advertisement a few decades ago:

Every man should plant a tree, raise a son and drive a 12 cylinder car

What may be superstition 4,000 years ago,

Is called marketing today.

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Full Disclosure: Totally unrelated to the BMW advertisement, Your Business Blogger has planted a tree, is raising the sons of thunder, but has never owned a 12 cylinder car. Unless a 1957 Chevy counts.

Why Academics Don't Like Working on Wall Street

March 4, 2006 | By | No Comments

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From The Wall Street Journal

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Hat tip for the file from Big Picture.

The Carnival of the Capitalists Is Up for 27 February

February 27, 2006 | By | No Comments

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Ideologic, LLCAward winning Ideologic, LLC is expertly hosting The Carnival this week.

And while you are there, be sure to visit Eidelblog and read a terrific summary of the mess Maryland is making with Wal*Mart. This Blue State will continue to loose jobs, population and, I pray, congressional seats.

Perry Eidelbus, Der Eidelblogger, from Westchester, New York reminds us that the purpose of business is not charity. And, indeed the purpose of government is not charity.

Charity is the test of the human heart.

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Read more on Ideologic at the jump.

More on Wal*Mart.

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24 Feb

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OPT-IN: Management of Other People's Time

February 24, 2006 | By | 2 Comments

Other People’s Money is the often maligned method to fund a venture. But to Get Things Done a leader must not only manage the money — the budget, but get things done through people: management.

What is the First Rule In Management?

The good manager does not manage his time. He does not manage his people.

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Nothing should sit on your deskHe manages Other Peoples’ Time.

And Planning, Organizing, Leading and Controlling will follow.

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Keep the ball rolling.

No paper should rest on your deskThe manager manages other peoples’ time — as well as other company assets — talent and treasure.

I would submit that managers worry less about managing their own time; their own “to do lists” and focus on the subordinate’s time.

So where does OPT-IN start?

The Manager’s Desk.

Piles of paper are decisions not made. You, Gentle Manager get paid only for your experience, wisdom and judgment. Start with your workspace.

Think of your desk as a pyramid with the apex pointing up. Paper does not rest on your desk, nor your boss’s desk.

Paper is never allowed in horizontal file piles.

Whenever a memo or an email attachment comes to you, it will slide off — back to whoever carried it in. It will have your signature on it, an action to be taken (by someone else), filed or destroyed (by someone else). You will not let it rest on your desk — even as you think about.

Do, Delegate or Destroy. Don’t put that memo on the corner of your desk.

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Paper should breeze off your deskEmpty inbox. Not Paper; not electronic.

I would suggest the Biblical reminder that, Today has enough trouble of its own. Do not carry today’s worries — today’s paper — on your work space for tomorrow.

Managers: Do not let the sun set on a piece of paper on your desk. Or an email in your inbox.

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The Management would like to thank Baby-Boo and The Dancer for volunteering for this article.

See Management: 10 Tips.

The Carnival of the Capitalists Is Up for 20 February

February 20, 2006 | By | One Comment

This week’s host duties are performed flawlessly by Joseph Weisenthal at The Stalwart. Mr Weisenthal has a well done blog with almost 900 visitors a day.

Impressive.

Carnival Editors, as you know, are not paid. But lend their time, talent and treasure to making the world a better place.

Because of the COTC, Your Business Blogger found, Countries, Individuals, & Production, by Chris Rossini at Market Place Monitor about China.

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People’s Republic of China

Chris reminds us that people do business, not countries, not companies.

I would add that it really doesn’t matter if the product is computer chips or potato chips. Or in which direction the transaction flows. A good deal enriches both parties. Both companies, both countries, both peoples.

Chris writes on China’s steel. I would submit that the PRC very much wants to do business with the USA.

English is now the second official language of China. As I write, there are more people in China learning English than there are English speakers in America.

China did $160 billion in Feb 05 in exports to the USA — we are China’s largest export partner.

Bloggers like Chris Rossini help us to learn more about doing business the world over.

Good work and good business.

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Carnival of the Capitalists is Up; by Frugal Underground

February 14, 2006 | By | No Comments

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The Frugal UndergroundAnd has outstanding self-selected best posts from some very bright business writers.

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Be sure to visit Jeff Cornwall at The Entrepreneurial Mind, for his thoughts on Sweden and Capitalism.

10 Feb

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Capitalism, Culture and Google

February 10, 2006 | By | 2 Comments

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GoogleIn Chinese there is no word for “privacy.”

Google’s business practices in China are under question. In having a different product for different counties. I am not so sure Google is departing from a sound business theory. I think Google’s strategy deserves a case study. On doing business in different cultures.

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Yoest, Faisal Alam in

New Delhi, IndiaYour Business Blogger was in India working with North American and Indian managers. Having thrown off our British rulers, we still shared a common English language.

But cultural communication was another matter.

American managers were frustrated that Indian executives and staff were not always truthful.

Or so it seemed.

If a supervisor (of any nationality) would ask an Indian subordinate a closed question such as “Does the report include the budget from Bangalore?” The Indian subordinate reply always would be ‘yes.’ Even if the answer was ‘no.’ Accompanied by a side-to-side movement of the head — which corresponds to the up and down affirmative head nod in America.

Was the Indian employee lying to his superior?

It depends on cultural perspective.

(Yes, yes I know — Alert Readers know well that Your Business Blogger subscribes to Timeless Truth: Truth is not relative.)

But the Indian culture is one of deference and respect for authority. It is not within the languages or culture to say “no” to the boss. Immediate compliance — obedience — is something every boss, in every culture really wants — but American’s seldom openly admit.

The culture is different. Where change to USA standards should not be forced.

Supervisors working with Indian subordinates should only ask open ended questions. A question allowing something other than ‘yes’ or ‘no.’ “Show me the line item for employee taxi expenses for Bangalore.”

The USA manager should understand also that the Indian manager will seldom say ‘please’ or ‘thank you’ to a subordinate.

Additional questions are time consuming. But necessary to do business across cultures. And to respect differences in culture and tradition.

I think we should ask more questions. And take the first step.

“A journey of a thousand miles begins with a single step.” says China’s Confucius.

A single step from a single person. Countries don’t do business. People do business.

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President Nixon meets with

China’s Community Party Leader,

Mao Tse-Tung on

February 29, 1972

Nixon went to China. Google went to China.

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In Chinese, in The Common Language (Mandarin) there are no words for “private” or “privacy” as we understand in English.

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Nixon at the 2,000 year old Great Wall of China, 24 February 1972

Mark at Mark My Words has commentary.

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The Carnival of the Capitalists Is Up for 6 February

February 7, 2006 | By | No Comments

The COTC is vetted, edited, posted and free. See Andrew Hughes, host duties performed flawlessly this week at Any Letter.

While at Andrew’s site, visit 16 Volts by Ilkka Kokkarinen with Some elementary marital economics:

Would you calculate the value that your car provides to you by adding up how much the same trips would have cost if you had used a professional limousine service, concluding that your car provides you hundreds of thousands of dollars of value each year? Probably not.

It took me 10 years and a million dollars in opportunity costs to help Charmaine get her Ph.D.. (And proving that money can buy happiness.) Under Kokkarinen’s outline of an absurd scenario, I could deduct this as an expense.

Anyway, Ilkka provides much the same content as Charmaine’s dissertation at a fraction of the cost. Kokkarinen could also do this in Finnish.

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Brian GongolAnd visit Is Socialism Good For Environment?

For more about our talented host, Andrew Hughes, see the extended entry.

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Charmaine blogs at Reasoned Audacity and FRCBlog.

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Carnival of the Capitalists is Up — Hosted by PHOSITA

January 30, 2006 | By | No Comments

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Winner Business

Blogs Award 2005The Award Winning PHOSITA is hosting the 121st Edition of the Carnival of the Capitalists this week.

Read summaries of outstanding posts.

Free.

And be sure to check out PHOSITA’s recommdentation, at the end of the column, on David Wolfe’s Ageless Marketing:

Nearly two decades ago I went out on a neurological limb in my book Serving the Ageless Market…. psychiatrist Louis Kopolow, who wrote the foreword, cautioned me … because I was not a brain scientist, but simply a marketer who loved reading about the brain and mind.

Good read.

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Our talented hosts prove that Oklahoma is OK:

New ideas are the fuel of progress and the foundation of success. Dunlap, Codding and Rogers’ scientific and legal expertise, coupled with your entrepreneurial spirit, enables us to protect your ideas so that your technological enterprise will thrive in today’s competitive marketplace.

Dunlap, Codding & Rogers is a group of highly dedicated professionals with diverse scientific and legal acumen. The philosophy of the firm is simple: Listen and respond to each client’s unique needs; Provide our clients with the highest quality, timely, reasonably priced legal services, and Help our clients create a robust intellectual property portfolio, vigorously pursued and properly grounded in both science and law. Our innovative firm culture results in the consistent acquisition of quality intellectual property assets that are highly valued by our clients and their peers. With experienced, dedicated professionals specializing in all engineering disciplines, life sciences, computer software including Internet systems, licensing, and litigation, DCR’s breadth, as well as depth, will help you identify and protect all of your intellectual property; after all, innovative ideas really are your greatest assets. Now, more than ever, your future depends on the protection of these assets.

Founded in 1957, Dunlap, Codding & Rogers, P.C. is Oklahoma’s largest, oldest and most versatile intellectual property law firm. Our professionals continue to meet the needs of both national and international clients, while offering unique pricing advantages over most large metropolitan intellectual property law firms. With offices in Oklahoma City and Washington D.C., DCR is large enough to provide depth and experience in any scientific and technology field while maintaining our roots: Personalized, pragmatic and responsive legal representation.

Carnival of the Capitalists is Up for 23 January

January 23, 2006 | By | No Comments

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Patent BaristasPatent Baristas is hosting with outstanding links and analysis.

The counsellors at Patent Baristas point us to gapingvoid and top 10 reasons why nobody reads your blog. I like #2:

2. There’s nothing in it for them.

Yeah, people really want to spend the short time they’ve been given on this Earth to find out what an unemployed managing consultant dork has to say. Dream on.

(No, I’m not just a dork; I’m a sociopath. I’ve got gapingvoid businesses cards on order in order to prove it.)

Also visit Rofasix and Why Is Discrimination Against Wal*Mart OK? Read his sound advice at the end.

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Our tatented hosts from Patent Baristas:

Barista Stephen Albainy-Jenei is also a patent attorney and Member of Frost Brown Todd LLC. When not serving up patent chat over a cup of java, he’s handling a diverse intellectual property practice in the biotechnology, pharmaceutical and chemical fields for leading universities, research hospitals and research institutes, as well as biotechnology and pharmaceutical companies ranging from start-up to Fortune 500 companies. He works closely with biotechnology and emerging growth companies to brew up successful new business models, execute strategic intellectual property protection and litigation, and structure and negotiate technology transactions.

He is designated as one of “America’s Leading Business Lawyers” in intellectual property by Chambers & Partners. In addition, he has been designated a SuperLawyer Rising Star.

Prior to joining Frost Brown Todd LLC, Mr. Albainy-Jenei was Assistant General Counsel and Assistant Director of Intellectual Property for the University of Cincinnati, ultimately serving as the Acting Director of Intellectual Property and University Patent Officer. He is admitted to practice in Ohio, the US Patent and Trademark Office, and the US District Court for the Southern District of Ohio. He has an MS degree in physiology and was a PhD Candidate (ABD) in pharmacology and cellular biology. He received a JD from the University of Cincinnati College of Law.

and:

Barista Karlyn Schnapp is also a patent attorney and senior associate with Frost Brown Todd LLC and a snappy dresser. Her area of concentration is patent prosecution, with her practice concentrated in the areas of chemistry, biotechnology and pharmaceuticals. She also practices in the area of intellectual property licensing. Dr. Schnapp represents a variety of clients including corporate researchers, university researchers, entrepreneurial start-up companies and individual researchers. She is admitted to practice in Ohio and before the United States Patent and Trademark Office. Prior to joining Frost Brown Todd, Dr. Schnapp achieved the rank of Associate Professor at Northern Kentucky University, where she maintained an active research practice generating over a quarter of a million dollars in external grants. She has given technical presentations in the U.S., Canada, South America and Europe and has published 15 papers in peer-reviewed journals.She has a Ph.D. in Organic Chemistry from the University of Cincinnati and a JD from the the Salmon P. Chase College of Law, Northern Kentucky University.