The ART Of Business http://www.industryweek.com/blog/29236/feed en 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 The Joy of Public Transport http://www.industryweek.com/blog/joy-public-transport <div class="node-body blog-body"><div></div><div> For generations, compulsory military service in the Western World- at least for most males- produced a leveling effect.</div> <div> &nbsp;</div> <div> It didn&rsquo;t matter where the man next to you on the Higgins Boat came from; what God he worshiped; or, who he voted for. He was in it with you &ndash; all the way.&nbsp;</div> <div> &nbsp;</div> <div> Drill sergeants didn&rsquo;t care if you were black, brown, yellow, or white.</div></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/joy-public-transport" target="_blank">read more</a></p> http://www.industryweek.com/blog/joy-public-transport#comments The ART Of Business Sat, 26 Apr 2014 07:27:00 +0000 117431 at http://www.industryweek.com Has Supply Chain Success Ruined Marketing? http://www.industryweek.com/blog/has-supply-chain-success-ruined-marketing <div class="node-body blog-body"><div></div><p>Writing a new book is like going back to school. You&rsquo;re always learning novel things; and, being challenged about what you think you know.</p> <p>Tim Wilkinson and myself are currently writing the follow-up to our 2009 work <a href="http://www.distributiontrap.com/"><strong>THE DISTRIBUTION TRAP</strong></a>.</p> <p>Throughout the process, a recurring theme has regularly -- and surprisingly -- come up. It has a lot to do with the success found in managing global supply chains.</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/has-supply-chain-success-ruined-marketing" target="_blank">read more</a></p> http://www.industryweek.com/blog/has-supply-chain-success-ruined-marketing#comments The ART Of Business Mon, 14 Apr 2014 01:22:00 +0000 116291 at http://www.industryweek.com The Sabotage of MH 370 http://www.industryweek.com/blog/sabotage-mh-370 <div class="node-body blog-body"><div></div>Some contextual points regarding the now admitted sabotage of Malaysian Airways Flight 370: </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/sabotage-mh-370" target="_blank">read more</a></p> http://www.industryweek.com/blog/sabotage-mh-370#comments Global Economy Leadership The ART Of Business Sat, 15 Mar 2014 13:37:00 +0000 113841 at http://www.industryweek.com Fracking, Ukraine, and Russia http://www.industryweek.com/blog/fracking-ukraine-and-russia <div class="node-body blog-body"><div></div><p>Let&rsquo;s start with this premise: Ukraine has always been a vital part of Russia&rsquo;s existence.</p> <p>As Zbigniew Brzezinski wrote in 1998, &ldquo;Without Ukraine, Russia ceases to be a Eurasian empire.&rdquo;</p> <p>The ties between the two have been bolstered by Ukraine&rsquo;s near-complete dependence on Russian energy, particularly natural gas, which Russia has sold at inflated levels for years.</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/fracking-ukraine-and-russia" target="_blank">read more</a></p> http://www.industryweek.com/blog/fracking-ukraine-and-russia#comments Global Economy The ART Of Business Sun, 02 Mar 2014 13:47:00 +0000 112511 at http://www.industryweek.com What is Going On in Panama? http://www.industryweek.com/blog/what-going-panama <div class="node-body blog-body"><div></div><p>As a regular visitor to Panama, I&#39;ve been &quot;reporting&quot; the past several years in this space on the progress surrounding the expansion of the Panama Canal.</p> <p>Until recently, things were moving along reasonably well, despite some unforseen setbacks that had delayed the completion until 2015 (about a year longer than originally planned).</p> <p>Undertaken nearly a decade ago, the creation of a third set of locks was intended to expand the capacity of the Canal expontentially, by allowing larger ships - and more containers- to traverse 50-mile journey.</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/what-going-panama" target="_blank">read more</a></p> http://www.industryweek.com/blog/what-going-panama#comments The ART Of Business Thu, 06 Feb 2014 16:39:00 +0000 110491 at http://www.industryweek.com Plans and a Punch in the Mouth http://www.industryweek.com/blog/plans-and-punch-mouth <div class="node-body blog-body"><div></div>Planning and strategy make up so much of our lives. Yet...</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/plans-and-punch-mouth" target="_blank">read more</a></p> http://www.industryweek.com/blog/plans-and-punch-mouth#comments The ART Of Business Fri, 24 Jan 2014 14:51:00 +0000 109061 at http://www.industryweek.com Air Travel in 2014 http://www.industryweek.com/blog/air-travel-2014 <div class="node-body blog-body"><div></div><p>The airlines&rsquo; &ldquo;Flying Cheap Strategy&rdquo;, which now has us paying for seemingly everything, will continue to search out new revenue streams.</p> <p>A pay as you &ldquo;go&rdquo; fee to use the lavatory will get more attention, as the carriers seek to squeeze every nickel out of their customers.</p> <p>While the average passenger continues to expand, seats will get smaller.</p> <p>Overall, service will remain at about the same level as it is for a guy serving six months on a parole violation. Still, ticket prices will be little changed.</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/air-travel-2014" target="_blank">read more</a></p> http://www.industryweek.com/blog/air-travel-2014#comments The ART Of Business Sun, 29 Dec 2013 15:54:00 +0000 106661 at http://www.industryweek.com The Great $50 Billion Marketing Misallocation http://www.industryweek.com/blog/great-50-billion-marketing-misallocation <div class="node-body blog-body"><div></div>Research shows that inefficiency within channel incentive programs is staggering...</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/great-50-billion-marketing-misallocation" target="_blank">read more</a></p> http://www.industryweek.com/blog/great-50-billion-marketing-misallocation#comments The ART Of Business Thu, 12 Dec 2013 12:05:00 +0000 105231 at http://www.industryweek.com Airport Security, Obamacare, and Largesse http://www.industryweek.com/blog/airport-security-obamacare-and-largesse <div class="node-body blog-body"><div></div><p> Two recent events at airport security checkpoints in the U.S. reveal a serious lesson about public policy and government largesse.</p> <p> At LAX&rsquo;s Terminal 3 on November 1, a deranged gunman shot and killed a TSA employee at the checkpoint and wounded five others before being stopped by law enforcement.</p> <p> A week later, at Seattle-Tacoma International Airport, a seemingly intoxicated man ran through a checkpoint; then onto the tarmac; and, finally, broke into a parked aircraft before his arrest.</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/airport-security-obamacare-and-largesse" target="_blank">read more</a></p> http://www.industryweek.com/blog/airport-security-obamacare-and-largesse#comments The ART Of Business Mon, 11 Nov 2013 01:20:00 +0000 102401 at http://www.industryweek.com