So it has finally happened. After threatening for months that a credit rating down grade was probable for the USA, Standard & Poor's finally took the 'big step' on Friday 5 August, after the major markets closed. So what next? In our article 'US Treasuries - Are the markets really that bothered?' published on 30 July 2011, … Continue reading US Treasuries – An FX or a market call?
In the previous article we posted, mention was made of the (0.72)% [negative 0.72%] real return US Treasury investors can currently expect on 5 Year Treasury Bills. The Nominal (quoted) Yield Curves and Real (Inflation adjusted) Yield Curves for two specific points in time, namely Friday 29 July 2011 and 30 July 2006 are listed below. Yield … Continue reading The US Treasury Yield Curves #2 – Do you factor inflation into the deal?
As a general introduction today we will look at two US Treasury Yield curves. The first Yield curve in the Curve graphic 1 below is the 3 Month bills compared to the 10 Year bills over the last 5 years. Yield Curve 1 In this table it is clear that the current 10 Year … Continue reading The US Treasury Yield Curves – Are the markets really that bothered?
Below is an extract from a posting we made back in 2008. Maybe still relevant today: In this new, new world of work What titles are there yet to lurk? The new MD He or she or it could be: Maverick Director; Not your average reflector! The IM is the person Where intuition is the … Continue reading Funky New Job Titles
This discussion is a little bit of background behind the concept of ‘The Boardroom Incubator’. We currently work mostly around Cambridge, Cambridgeshire, England. The university and some of the colleges in Cambridge have start-up incubation hubs in and around the city. These incubation hubs are spin-offs from ideas and innovation created in the laboratories of … Continue reading The Boardroom Incubator – The Idea explained
“Don’t waste a good crisis” – not entirely sure who first uttered these immortal words, although a Google search on initial analysis seems to attribute it (or some very similar words) to Rahm Emmanuel, the current Chief of Staff of the White House, part of the Barack Obama administration. The actual phrase might be attributed … Continue reading Collaborative nano and micro business ventures
Chance and spontaneity are two interesting phenomenon required for innovation and creativity. We were reminded of this in an interview recorded of a LinkedIn executive recently*. He stated that chance encounters are "where we make some of our most significant connections", be it your life partner, business associates, etc. and that speeding up those chance … Continue reading Random Collisions of Chance
A few weeks ago we published what seems like our most popular blog article to date, namely Increased Friction Costs. As it has been our most read article, we thought we might continue to build on the theme of Economic Friction Cost. Williamson (1993) published some work on Transaction Cost Economics (TCE) in a book … Continue reading Continuing conversations in Friction Costs: Increased Friction Costs II
We link today’s article to one of our main themes on our home page, namely the ‘Battle against the Status Quo’, or as per the title of this posting, ‘The Morass of Mediocrity’. The underlying intent and theme is that of competition and competitive behaviours and the difference between rules based and principles based … Continue reading The Morass of Mediocrity
Competition has to be guided, controlled and focussed. How do we manage this process and in addition attract talent to sustain organisations deep into the 21st Century?
If ‘the Law’ is the codification of cultural norms and practices, does the Law then not inform culture? Policy, social malice and engineering of social outcomes bend these laws into legislative blunt instruments designed to enforce cultural behavioural changes on a grand scale, trouncing the common law of good judgment, neighbourly relations and common sense … Continue reading Does Law inform or enforce culture?
The CBI published a report entitled "The shape of business - the next ten years" in late 2009. The authors identified 5 key drivers affecting the business environment, namely: 1. Changing finance and capital conditions, 2. The decline of trust in business and markets, 3. A less benign macroeconomic environment, 4. Social and … Continue reading The Sustainability Gene
We had some very rewarding conversations recently with business partners and peers regarding the Value of Synthesis versus Analysis. Synthesis we believe to be a ‘higher level’ skill and experience set than traditional analysis. Synthesis requires a natural ‘incubation period’. Very few people are natural ‘synthesists’. You grow and mature into a ‘natural Synthisist’. Analysts … Continue reading The Value of the Synthesist (as opposed to the Analyst)
Today we address one of the critical and key factors of production, it is a factor we have severely neglected addressing earlier in this forum. It is about Innovation. Speaking to a few delegates and attendees at CeBit 2010 we found that most people view Innovation as a key driver in advancement. Yet we have a big … Continue reading The trouble with Innovation – Part 1