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Current Topic: Business

Sweaters Are West of Socks City
Topic: Business 9:22 am EST, Dec 24, 2004

Datang produces an astounding nine billion pairs of socks each year -- more than one set for every person on the planet. People here fondly call it Socks City.

Southeast from here is Shenzhou, which is the world's necktie capital. To the west is Sweater City and Kid's Clothing City. To the south, in the low-rent district, is Underwear City.

This remarkable specialization, one city for each drawer in your bureau, reflects the economies of scale and intense concentration that have helped turn China into a garment behemoth.

The niche cities reflect China's ability to form "lump" economies, where clusters or networks of businesses feed off each other, building technologies and enjoying the benefits of concentrated support centers -- like the button capital nearby, which furnishes most of the buttons on the world's shirts, pants and jackets.

Just wait until they focus on software. You'll have AntiVirus Village, Middleware Mountain, Browserborough, and more. (Microsoft Research already has a major presence in China.) Or, even more specialized ... a city for device drivers, one for user interfaces, another for kernel hackers, and still another for databases.

In the next few years, once all the limits are lifted, China's share of the US apparel market could soar to 50 percent to 70 percent.

With those numbers, you can't blame it all on Wal-Mart.

Sweaters Are West of Socks City


What corporate America can't build: a sentence
Topic: Business 9:15 am EST, Dec  9, 2004

Feel my pain.

Millions of employees must write more frequently on the job than previously. And many are making a hash of it.

A recent survey of 120 American corporations concluded that a third of employees in the nation's blue-chip companies wrote poorly.

"Clarity is critical."

"Considering how highly educated our people are, many can't write clearly in their day-to-day work."

"I was too wordy," Morrison said. "I liked long, convoluted passages rather than simple four-word sentences."

"Instead of considering what to say when they write, people now just let thoughts drool out onto the screen."

If only it were true! Just 1 in 3 write poorly? Oh, that would be great. I could really work with that.

What corporate America can't build: a sentence


Voices Of Innovation: Steve Jobs
Topic: Business 11:00 am EDT, Oct 10, 2004

Q: How do you systematize innovation?

A: You don't. You hire good people who will challenge each other every day to make the best products possible. That's why you don't see any big posters on the walls around here, stating our mission statement. Our corporate culture is simple.

Voices Of Innovation: Steve Jobs


RE: The Balance Sheet on Outsourcing
Topic: Business 9:49 pm EDT, Oct  5, 2004

skullaria wrote:
] Indians are combing US job boards obviously looking for US jobs.
]
] Now exactly what about that is NOT competition?

Daniel Drezner has his points. He has a blog. Direct questions to him at his blog.

My point is not that outsourcing does not exist nor that it has a negligible effect on American lives. It does exist and its effects are real and significant, both in the US and around the world.

My point is that advocating reactionary strategies and policies is doomed to failure, especially in the long run if not even in the short run. In attempting to shield the US, you are not propping it up. You are drowning it. For every moment the US delays, hoping for a political bail-out that allows it to reject change and maintain the statuo quo, the US stands idly by while the other 95% of the world scrambles to overtake them. A growing number of nations are already ahead of the US in education, and now they're extending their lead.

The world is a tough place. Go read your Darwin. Cowboy up!

Life, liberty, and the pursuit of happiness.

No one said anything about a job.

RE: The Balance Sheet on Outsourcing


The Balance Sheet on Outsourcing
Topic: Business 9:55 am EDT, Oct  4, 2004

Times readers respond (rather quite predictibly) to Daniel Drezner's recent op-ed on outsourcing.

These people are in such denial!

The gang's all here, as if on public display. You have the lame, out-of-work ex-programmer who spent money on a "master's degree" in IT. (Yeah, that's right.) You have the Labor economist, the flag-waving DIYers, and the counter-corporeals. All that's missing is the foreign commentator who decries the new social divisions brought about by the influx of Western work to the developing country.

The Balance Sheet on Outsourcing


No, the Conquistadors Are Not Back. It's Just Wal-Mart.
Topic: Business 9:33 am EDT, Oct  4, 2004

Wal-Mart is the largest private employer in Mexico, and the company has built a new 72,000 square foot superstore in the shadow of the Pyramids of Teotihuacán on farmland supposedly protected under Mexican law as an archaeological site.

This was a truly beautiful site, and it's a shame to see it used this way. Something significant has been lost when you climb all the way to the summit of the Pyramid of the Sun, only to find yourself staring down at a Wal-Mart parking lot.

No, the Conquistadors Are Not Back. It's Just Wal-Mart.


Where Did All the Jobs Go? Nowhere
Topic: Business 9:25 am EDT, Sep 29, 2004

As each side angles for votes, neither is addressing the real issue: is the outsourcing of jobs a problem?

The answer is no.

Of the 1.5 million jobs lost last year in "mass layoffs", less than 1 percent were attributed to overseas relocation. Technological innovation is responsible for a far greater number of lost jobs than outsourcing.

Where Did All the Jobs Go? Nowhere


High Oil Prices May Not Be Temporary
Topic: Business 9:44 am EDT, Aug 16, 2004

Most oil market commentary still makes it sound as if high prices are a passing phenomenon.

But the markets are smelling something different.

The problem is not a lack of oil in the world. The problem is getting the oil to refineries and then to market.

Many arguments in Washington have been irrelevant. A shortage of oil is not the biggest problem.

The reality is becoming clear because of Iraq, but Iraq was not the cause, and diplomacy will not make it go away.

High Oil Prices May Not Be Temporary


Stuff You Don't Learn In Engineering School
Topic: Business 8:27 pm EDT, Jul 28, 2004

Are you really prepared for life as a working engineer? Do you know how to stay current and competitive? Can you deal with difficult people, like your boss, or clients, or the public?

Many if not most young engineers emerge from school with fabulous technical talent but little ability in the "soft" skills or even the realization of how important such skills are.

The goal of this series is to acquaint readers with the most important nontechnical skills that every engineer needs to be more effective in the workplace and happier in life.

Be sure to check out the entire series at

http://www.spectrum.ieee.org/careers

Stuff You Don't Learn In Engineering School


The future of advertising | Economist
Topic: Business 12:44 am EDT, Jun 29, 2004

As advertising starts to climb out of its recent slump, the answer to their problem is easier to find as the real effects of advertising become more measurable. But that is exposing another, potentially more horrible truth, for the $1 trillion advertising and marketing industry: in some cases, it can be a lot more than half of the client's budget that is going down the drain.

The advertising industry is passing through one of the most disorienting periods in its history. This is due to a combination of long-term changes, such as the growing diversity of media, and the arrival of new technologies, notably the internet. Consumers have become better informed than ever before, with the result that some of the traditional methods of advertising and marketing simply no longer work.

Cnsumers are becoming far more sophisticated in their reaction to all forms of advertising and marketing, so smarter ways have to be used to reach them.

"Consumers are getting harder to influence as commercial clutter invades their lives," says a recent report by Deutsche Bank.

Factoid: Procter & Gamble is the biggest advertiser in the world.

The future of advertising | Economist


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