Economies of Scale
is a free, web-based multiplayer business/commerce simulation game under development by Scott Rubyton (aka Ratan Joyce). Players use starting capital to build production/wholesale/retail businesses from the ground up in a basic economic model, competing for market share while collaborating through business-to-business trading of goods and materials. It's more fun than getting an MBA! Also much less expensive. [more inside]
posted by cortex
on Apr 3, 2012 -
The Incentive Bubble
) - "The fraying of the compact of American capitalism by rising income inequality and repeated governance crises is disturbing. But misallocations of financial, real, and human capital arising from the financial-incentive bubble are much more worrisome to those concerned with the competitiveness of the American economy." [more inside]
posted by kliuless
on Apr 3, 2012 -
"So I'm literally walking around and talking to people, "Is there a black-owned restaurant, or a black-owned dry cleaner?" and folks are looking at me like I'm insane. And if I didn't know this, I'm sure that folks outside the black community don't have this as part of their reality or part of their picture for black America. When we talk about black people, the black situation, problems in the black community, you know, we start with, "Black kids are least likely to graduate from school; black unemployment is four times higher than the national average," all these numbers. But why can't we include that over 90 percent of businesses in the black community are not owned by black people or local residents? If we were to add that to the conversation, maybe folks would say, "Oh, well no wonder things are so bad there," and start thinking about things in a different way instead of allowing those awful numbers to be a reflection of our propensities. Why is it that my people are just supposed to be the perpetual consumer class, and everyone else is supposed to benefit from our money?"
posted by empath
on Feb 23, 2012 -
"In one corner of Manoj Bhargava’s office is a cemetery of sorts. It’s a Formica bookcase, its shelves lined with hundreds of garishly colored screw-top plastic bottles not much taller than shot glasses. Front and center is a Cadillac-red bottle of 5-Hour Energy, the two-ounce caffeine and vitamin elixir that purports to keep you alert without crashing. In eight years 5-Hour has gone from nowhere to $1 billion in retail sales. Truckers swear by it. So do the traders in Oliver Stone’s 2010 sequel to Wall Street
. So do hungover students. It’s $3 a bottle, and it has made Bhargava a fortune
posted by vidur
on Feb 9, 2012 -
“Someone who is exceptional in their role is not just a little better than someone who is pretty good,” Mark Zuckerberg said recently. “They are 100 times better.” Bull hockey
, says Bill Taylor in the Harvard Business Review: great people are overrated. See also Great People are Overrated, II
and Malcolm Gladwell's 2002 take on the same theme, The Talent Myth
posted by escabeche
on Nov 21, 2011 -
said "No" to Steve Jobs and lived happily ever after. (So far.)
posted by Trurl
on Oct 24, 2011 -
Lean Publishing is the act of self-publishing a book while you are writing it, evolving the book with feedback from your readers and finishing a first draft before using the traditional publishing workflow, with or without a publisher.
posted by Trurl
on Oct 13, 2011 -
Last week Johnson & Johnson announced
that it is lowering the maximum daily dose for single-ingredient Extra Strength Tylenol from 8 to 6 pills per day (from 4,000 to 3,000 mg). [more inside]
posted by hat_eater
on Aug 4, 2011 -
Scott Kurtz draws and writes one of the Internet's oldest webcomics, PvP
. He launched it in 1998 and, since then, has won two Eisner Awards and a Harvey Award for his work. Scott has been a trendsetter for webcomics before, infamously (and frequently controversially) brash in defense of its business model, especially in the face of criticism from old media. Today, he announced that he will be selling product placement
in his strips, starting with an arc focused on Magic: The Gathering
. This is a webcomics first. Will it prove a boon to the financial success of artists, or a burden on the freedoms they've won? Or will it catch on at all beyond PvP?
posted by gilrain
on Jul 22, 2011 -
The Higher Education (Debt) Bubble
- "[H]igh and increasing college costs mean students need to take out more loans, more loans mean more securities lenders can package and sell, more selling means lenders can offer more loans with the capital they raise, which means colleges can continue to raise costs. The result is over $800 billion in outstanding student debt, over 30 percent of it securitized, and the federal government directly or indirectly on the hook for almost all of it. If this sounds familiar, it probably should... [more inside]
posted by kliuless
on May 17, 2011 -
The Surprisingly Undetestable Birth of TGI Friday's
In 1965, a young Manhattanite just “looking to meet girls” added some sawdust, fake Tiffany lamps and a coat of blue blue paint to the $5000 bar that became, nearly immediately, NY's first and most popular singles bar, and eventually, the progenitor of one of the US's most popular restaurants.
posted by Plemer
on May 14, 2011 -
Go figure: How to succeed in business by doing nothing
Article about variability in business and why it is sometimes better to do nothing.
"You're a dynamic business leader. Let's say you make widgets - though you might equally make big-budget Hollywood movies.
Your widgets, or your movies, vary. Some widgets are perfect, some a tad too long. Some movies make mega-bucks at the box office, some bomb.
So what do you do? Well, you're dynamic, so you react, of course. Something must be done. "
posted by marienbad
on Apr 28, 2011 -