The ART Of Business http://www.industryweek.com/blog/29236/feed Link up with this bestselling author, professor, and global entrepreneur to explore the counterintuitive, unconventional, and contrarian in business. en A Local Alternative to the Amazon Trap http://www.industryweek.com/blog/local-alternative-amazon-trap <div class="node-body blog-body"><div></div><p>I have written extensively here about how the manipulated control of a manufacturer&rsquo;s products by Mega-Customers has become one of the most powerful factors in business today.</p> <p>In our previous book <a href="http://distributiontrap.com">THE DISTRIBUTION TRAP </a>and our forthcoming one, THE CUSTOMER TRAP: AVOIDING THE BIGGEST BUSINESS MISTAKE, Tim Wilkinson and I argue that concentrated commoditization occurs when a Mega-Customer is able to dominate the products and brands of those companies who innovate and create within a given industry.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/art-business">The ART Of Business</a></li> </ul></div><p><a href="http://www.industryweek.com/blog/local-alternative-amazon-trap" target="_blank">read more</a></p> http://www.industryweek.com/blog/local-alternative-amazon-trap#comments The ART Of Business Sun, 02 Nov 2014 14:54:00 +0000 152181 at http://www.industryweek.com Let's Stop Scaring Ourselves to Death http://www.industryweek.com/blog/lets-stop-scaring-ourselves-death <div class="node-body blog-body"><div></div>We are not biologically wired to deal with the 24/7/365 news media. It is scaring us to death.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/art-business">The ART Of Business</a></li> </ul></div><p><a href="http://www.industryweek.com/blog/lets-stop-scaring-ourselves-death" target="_blank">read more</a></p> http://www.industryweek.com/blog/lets-stop-scaring-ourselves-death#comments The ART Of Business Sat, 18 Oct 2014 13:32:00 +0000 151081 at http://www.industryweek.com War Drums Get Louder in Eastern Europe http://www.industryweek.com/blog/war-drums-get-louder-eastern-europe <div class="node-body blog-body"><div></div><p>While much of the world&rsquo;s attention is once again on the Middle East, we should not lose focus on Eastern Europe.</p> <p>In recent weeks, the rhetoric has ratcheted up, and so has the movement of troops and supplies.</p> <p><a href="http://rt.com/news/188184-crimea-russia-boost-troops/">As Russia continues to pour more military assets into the newly-annexed Crimea</a>, concerns are that a bigger push into Ukraine and, possibly, Moldova may follow.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/art-business">The ART Of Business</a></li> </ul></div><p><a href="http://www.industryweek.com/blog/war-drums-get-louder-eastern-europe" target="_blank">read more</a></p> http://www.industryweek.com/blog/war-drums-get-louder-eastern-europe#comments The ART Of Business Fri, 19 Sep 2014 13:47:00 +0000 148691 at http://www.industryweek.com Apple Now in Walmart's Distribution Trap http://www.industryweek.com/blog/apple-now-walmarts-distribution-trap <div class="node-body blog-body"><div></div><p>Over the years, I have written in this space how a Megacustomer (one that equals more than 10% of a firm&rsquo;s total revenue) will ultimately capture the lion&rsquo;s share of value from its supplier.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/art-business">The ART Of Business</a></li> </ul></div><p><a href="http://www.industryweek.com/blog/apple-now-walmarts-distribution-trap" target="_blank">read more</a></p> http://www.industryweek.com/blog/apple-now-walmarts-distribution-trap#comments The ART Of Business Sat, 13 Sep 2014 14:20:00 +0000 148171 at http://www.industryweek.com Why No One Will Ever Understand the Supply Chain http://www.industryweek.com/blog/why-no-one-will-ever-understand-supply-chain <div class="node-body blog-body"><div></div><p>The daily struggle of keeping things moving forward makes it difficult to take a step back and appreciate the wonder of business and the supply chain.</p> <p>In 1958, Leonard Read published<strong> <a href="http://www.econlib.org/library/Essays/rdPncl1.html">a short and elegant essay</a></strong> about a nondescript pencil.</p> <p>&quot;I, Pencil&quot; is written in the first person from the point of view of the pencil.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/art-business">The ART Of Business</a></li> </ul></div><p><a href="http://www.industryweek.com/blog/why-no-one-will-ever-understand-supply-chain" target="_blank">read more</a></p> http://www.industryweek.com/blog/why-no-one-will-ever-understand-supply-chain#comments The ART Of Business Fri, 22 Aug 2014 14:50:00 +0000 146251 at http://www.industryweek.com The Cracks at Wal-Mart Get Even Deeper http://www.industryweek.com/blog/cracks-wal-mart-get-even-deeper <div class="node-body blog-body"><div></div><p>I&rsquo;ve been writing for 15 years that the Wal-Mart model is unsustainable; and, will ultimately cannibalize itself.</p> <p>Recent news that the president of its U.S. operations was replaced confirms the process is well underway.</p> <p>Wal-Mart grew on fundamentally three pillars:</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/art-business">The ART Of Business</a></li> </ul></div><p><a href="http://www.industryweek.com/blog/cracks-wal-mart-get-even-deeper" target="_blank">read more</a></p> http://www.industryweek.com/blog/cracks-wal-mart-get-even-deeper#comments The ART Of Business Sun, 27 Jul 2014 13:58:00 +0000 143981 at http://www.industryweek.com <p><em>Daniel Aguilar/Getty Images News</em></p> The 21st Century: American Ascendancy http://www.industryweek.com/blog/21st-century-american-ascendancy <div class="node-body blog-body"><div></div><p>As we celebrate Independence Day, let&#39;s remember, as Bruce Cumings points out in his seminal work<a href="http://www.amazon.com/Dominion-Sea-Pacific-Ascendancy-American/dp/0300168004"> <strong><u>A Dominion From Sea to Sea</u></strong></a>, that America<em> is </em>a unique place.<br /> <br /> It is the only truly continental power in human history, with vibrant costal regions on each of the planet&#39;s biggest oceans; and, a dynamic Middle Region that houses the greatest industrial machine ever.<br /> </p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/art-business">The ART Of Business</a></li> </ul></div><p><a href="http://www.industryweek.com/blog/21st-century-american-ascendancy" target="_blank">read more</a></p> http://www.industryweek.com/blog/21st-century-american-ascendancy#comments The ART Of Business Fri, 04 Jul 2014 16:36:00 +0000 141831 at http://www.industryweek.com Are Russian and Saudi Oil Behind the Crisis in Iraq? http://www.industryweek.com/blog/are-russian-and-saudi-oil-behind-crisis-iraq <div class="node-body blog-body"><div></div><p>A low-key meeting on <a href="http://www.interfax.com/newsinf.asp?pg=3&amp;id=510778">June 3 between the foreign ministers </a>of Russia and Saudi Arabia has many wondering if the recent jihadist advances deep into Iraq now have the blessing of both countries.</p> <p>For years, the two nations were at deep odds over continued Saudi support of radical Sunni movements across the Middle East and Caucuses. &nbsp;</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/art-business">The ART Of Business</a></li> </ul></div><p><a href="http://www.industryweek.com/blog/are-russian-and-saudi-oil-behind-crisis-iraq" target="_blank">read more</a></p> http://www.industryweek.com/blog/are-russian-and-saudi-oil-behind-crisis-iraq#comments The ART Of Business Thu, 19 Jun 2014 15:37:00 +0000 131181 at http://www.industryweek.com June 11, 1998: The Day the World Changed Forever http://www.industryweek.com/blog/june-11-1998-day-world-changed-forever <div class="node-body blog-body"><div></div><p>Pundits, &ldquo;experts&rdquo;, and gurus thrive on telling us what the future will hold.</p> <p>They tell us that if we somehow collect better data- and analyze it with more and more sophisticated techniques- we can get closer to eliminating uncertainty about tomorrow.</p> <p>Still, what all the looks into a crystal ball cannot foresee is the inexplicable nature of human creativity.</p> <p>Our era has been defined by the unpredictable actions of men like Wright, Fleming, Edison, Jobs, Salk, Ford, and Borlaug.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/art-business">The ART Of Business</a></li> </ul></div><p><a href="http://www.industryweek.com/blog/june-11-1998-day-world-changed-forever" target="_blank">read more</a></p> http://www.industryweek.com/blog/june-11-1998-day-world-changed-forever#comments The ART Of Business Sat, 31 May 2014 13:49:00 +0000 120191 at http://www.industryweek.com Capitalism Without Competition http://www.industryweek.com/blog/capitalism-without-competition <div class="node-body blog-body"><div></div><p>Seemingly everyone in New York and Paris is walking around with their copy of Thomas&rsquo;s Piketty&rsquo;s new book <u>Capital in the Twenty-First Century</u>.</p> <p>A dense, 700-page work, it focuses overwhelmingly on inequality, the subject that the author describes in detail as the foremost economic concern of the day.</p> <p>Containing a few compelling arguments along with some dubious recommendations, the book comes up way short in recognizing the inherent realities of capitalism, particularly the role played by competition.</p></div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/art-business">The ART Of Business</a></li> </ul></div><p><a href="http://www.industryweek.com/blog/capitalism-without-competition" target="_blank">read more</a></p> http://www.industryweek.com/blog/capitalism-without-competition#comments The ART Of Business Tue, 06 May 2014 13:26:00 +0000 118201 at http://www.industryweek.com