$41 million dollars a week. Now that’s a whopping amount of money by any stretch of the imagination. I was thinking about the movie industry in relation to pirated movies a couple of days ago and the thoughts I was having is around the remuneration that all the people invovled in the creation of media are due. Sure, it takes a substantial amount of effort to produce a movie like this, but once the costs are covered, who reaps the…
We’ve all seen the disastrous consequences of the earthquake in Haiti and it’s nice seeing the response of individuals and communities doing their part and contributing donations and funds to the victims. The corporate world has also been chipping in and we’ve seen donations by Coca Cola and Bank of America of $1 million apiece. Donations by UPS, Walmart and other organisations are also contributing to this pile. Of course, it’s easy for the corporate world to appreciate the hardship…
Image via Wikipedia So, we had an interesting experience on our recent holiday to Malta, having cancelled flights with both FlyBe and RyanAir. Anyway, we had to make alternative travel arrangements in both cases, and I’ve just written to them expecting reimbursement for our cancellation, as per EU Regulations. It will be interesting to see what responses I get from each one and what process they will try and implements. It was quite a harrowing experience, having to change airports…
Image via Wikipedia We had some travel disruption recently and I came up first hand against the EU Directive regulating passenger rights. It’s interesting to note that the Directive not only protects passengers, but it also helps even the playing field between different airlines. Budget airlines reduce their cost by removing the service element from their offering, but the EU Directive provides a baseline of service that helps even out the playing field between the companies. I doesn’t matter if…
Image via Wikipedia I’ve had a flight cancellation with RyanAir recently and it got me thinking about how much low-cost companies actually save by removing the service element from their offering. Traditionally, companies have always sought to minimise costs and increase efficiency; whether it’s by reducing product complexity or using call center outsourcing, but doing so by removing the service element was a pretty bold move. The fascinating thing is that the net result has been the usurping of the…
Image via Wikipedia Interesting conversation today about the value of experience vs qualifications. I must say, it’s not uncommon to find people with tons of business experience who never went to grad school or sometimes even completed a formal education. It’s also not uncommon to find people with business degrees in other walks of life, not using the skills they have learnt. It’s funny how some people would put so much effort into getting their diploma, all those late nights…