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Latest read: How We Compete

Suzanne Berger and MIT’s Industrial Performance Center wrote a book after concluding a five year study of the new global economy How We Compete: What Companies Around the World Are Doing to Make it in Today’s Global Economy.

how we compete

If you want to learn more about globalization, this is a necessary addition to your bookshelf. Today companies must compete.

The study moves beyond the often discussed Dell approach to manufacturing. Lessons from auto and textile industries are included and should not be missed. How America can compete against the global marketplace?

Students entering the real world after school makes this book mandatory reading before graduating … from high school. By the time your set to graduate from college — it may be too late.

Companies that need to compete are shifting production … sometimes to very interesting locations for very interesting business reasons. Understanding this process and the major impacts of globalization will help us all prepare for tomorrow’s shifting economic climate.  There are powerful lessons from many industries that have shifted into a highly competitive marketplace with a global reach.  In doing so, these companies now compete with global brands.

Globalization can be very complicated. This book suggests very intriguing lessons from companies who need to compete are outsourcing their products, production lines or selected low end solution simply to survive against the competition.

We have a lot to learn from the Japanese and the Italians!

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Education Globalization Network Reading Technology

Latest read: Three billion new capitalists

Three Billion New Capitalists: The Great Shift of Wealth and Power to the East by Clyde Prestowitz is a good companion to Tom Friedman’s The World Is Flat regarding globalization. At times I felt the chapters could have been written by both authors. Ultimately they complement the globalization story.

Prestowitz was counselor to the Secretary of Commerce during the Reagan Administration and is Founder and President of the Economic Strategy Institute, a thinktank in Washington DC.

Globalization is certainly not new and some issues addressed by Prestowitz may be hard to wrap around completely, but he provides an overview of what has been accelerating … offshoring. To no surprise the destination is China and India. Released in 2005 Prestowitz could not have considered the Mattel lead paint product recalls fiasco just two months old as consequences of globalization. Or was that just bad management on Mattel’s part?

The shift in wealth and power also focuses on banking and oil. Two chapters focus on this impact for China and India … and America along with the EU. What is an example of the impact on America: 100,000+ new cars are registered every month in Bejing? I would like to see the numbers for Bangalore. Think of a billion new drivers wanting to see their country, visit family and travel to see friends.

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Education Globalization Network Reading Technology

Latest read: An Army of Davids

Matt Spaamen recommended Glenn Reynolds’ An Army of Davids: How Markets and Technology Empower Ordinary People to Beat Big Media, Big Government, and Other Goliaths. Glenn, professor of law at the University of Tennessee is the former MSNBC blogger known by his very popular blog instapundit.

I was looking forward to this book as soon as Matt commented on my blog and suggested this reading. I was expecting a lot from Glenn and feel let down by only finding a few chapters worthwhile. The beginning of Glen’s book is almost a rewrite of Tom Friedman’s The World Is Flat. Another view of the technological advances throughout history that changed the way society and business operate bringing the world closer together for trade, education, culture and art.

He did provide good opportunities on chapters regarding nanotechnology and space research, yet those are pretty narrowly defined markets that require advanced degrees to fully exploit…while the marketing arm of an organization can indeed leverage An Army of Davids to change access to space and nanotechnology from a few to the masses.

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Education Globalization Innovation Reading Technology

Latest read: Made to Stick

What book would be a perfect follow up to The Tipping Point and Blink by Malcolm Gladwell? To prove timing is everything I read Dan and Chip Heath’s new release: Made to Stick: Why Some Ideas Survive and Others Die. The book’s authors acknowledge that their book complements Gladwell’s The Tipping Point by identifying “traits” necessary to make your ideas ‘sticky’ with your intended audience.
Made to StickWritten by brothers Chip and Dan Heath they share experiences and research in finding ideas that stick. Chip is professor of Stanford’s Graduate School of Business. Dan is a consultant to Duke University’s Corporate Education program.

Made to Stick provides wonderful insight to learn how powerful ideas succeed in the face of big obstacles (and people) especially in a stale environment. Take Subway’s series of commercials featuring Jared for example.

Originally passed by PR firms, Jared’s story was brought to life by the Subway store manager where Jared ate while attending Indiana University. The ad campaign was eventually created pro-bono by a firm thinking they would fail. Even Subway’s PR firm did not support this idea. Chip and Dan prove not only how wrong they were, but how powerful the idea has turned out to be for Subway.

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Education Globalization Milwaukee Reading Technology

Latest read: Blink

Following the successful read of Malcolm Gladwell’s The Tipping Point: How Little Things Can Make a Big Difference and learning of discussions underway on the internet regarding his follow up book Blink: The Power of Thinking Without Thinking it was clear Blink had to be the next book I picked up the night I finished The Tipping Point. And its another success for Gladwell.
blinkSo what is the truth about instantly making a decision in the blink of an eye? We have the ability for rapid cognition…but do we use it in our daily lives? It should tell you a lot about the situation at hand regardless of the outcome:

For instance Gladwell shares these situations: Can you tell the forgery of an ancient piece of art or can you tell the difference between two musicians playing behind a curtain during an audition with the Berlin Symphony Orchestra?

And can you instantly recognize when a professional tennis player will fault on serve even before the ball is struck by the player’s racket? Gladwell shares how rapid cognition can work to your advantage and how we have unfortunately conditioned ourselves to look beyond the ‘gut’ feeling because our eyes can play visual tricks … often for the worse.

I was impressed to learn of police organizations who study facial recognition patterns to develop rapid cognition between a frighten citizen and a hardened criminal … all in the blink of any eye, when life or death can hang in the balance.