Image by Getty Images via Daylife It was with interested that I read that Google stopped censoring search results in China today. Not that I was happy about it; at the end of the day, regardless of what your ideological beliefs may be, a country has the right to its own sovereignty and the right to make its own laws. However, the nature of the Web is pervasive and this is something that the world must come to terms with….
The GPS market is an example of how market leaders cannot sit on their laurels. If you had to ask someone who the leaders in the GPS field were six months ago, they would have mentioned Garmin and TomTom. However, a few months ago, Google entered the market offering free turn-by-turn navigation on their phones, followed by Nokia giving away navigation software for their phones. Have a look at Garmin’s 6 month stock graph and see if you can spot…
Here’s an interesting development that emerged today. Google has announced a free turn-by-turn navigation product, which is placed bang square in TomTom and Garmin‘s target market. As you can imagine this has wrecked havoc to the share price of existing sat nav companies. It’s a tough reminder that your market share can be here one day and gone the next. Innovation is the name of the game here, and unless these companies have something new and exciting that consumers will…
Strategic planning is a valuable exercise for most businesses, however it is also laced with risk due to the scope of the activity. I came across a great article that talks about the four most common fatal flaws in this process and wanted to share it just to spread the word. Here are the most common fatal flaws in strategic planning: Skipping Rigorous Analysis: Performing incomplete analysis (or skipping the analysis step) is a sure recipe for disaster. Make sure…
One advantage that the Internet brings to Business is the ability to focus exclusively on a particular niche. The reason behind this thinking is that the Internet allows you to scale your clientèle to a global level so reducing the focus of your business to a small segment still remains commercially viable. So, for example, an online jeweler can target customers who are interested in titanium or tungsten rings, omitting the standard gold or diamond segments. Or you may seek…
Interesting post by Kevin Kelly who believe the drivers in today’s emerging economy can be distilled into the statement: Where ever attention flows, money will follow. It’s an interesting idea which is hard to negate, as can be evidenced by new giants like Googe, Amazon and eBay. Here’s an interesting section: New things that don’t work or serve no purpose are quickly weeded out of the system. But the fact that something does work or is helpful is no longer…