Welcome to this week's Carnival of the Capitalists, which I have the privilege of hosting this week.
We have a few less entries than normal, but I haven't taken it too personally. Doubtless the holiday season has played its part. But what we lack in quantity, we have made up in quality - some great posts to read.
Firstly, Wayne Hurlbert explores the art of the blogger's follow up post.
Followup posts are ideal for political, legal, and sports blogs. Each of those blog categories is ideally suited to continuing column ideas. Most readers will be very intrigued as to how the initial case, policy, or game under discussion was resolved.
For personal bloggers, ongoing postings are part of the reason for the blog in the first place. The ongoing daily life of the blogger is a continuing saga in and of itself. Following up on some previous event in the blogger's life flows naturally in personal blogs.
Spot on Wayne. All you bloggers reading this, have a scroll through your archives and discover a wealth of follow up material. There's nothing quite so cathartic as writing "Shucks, I was wrong about ....." or so satisfying as "Hell, I told you so..."
Mike Pechar found out that the Danes have
banned 18 Kellogg products, including Corn Flakes, Rice Krispies and Special K. Holy moly! People have been eating these products for generations and, if there were any problem with them, one would expect to have already heard of specific health concerns. But, no! Out of the clear blue comes the prohibition by authorities in Denmark.
Apparently, the problem is that they put too many vitamins in. I thought vitamins were meant to be good for you. In fact, "They're grrrrr-eate", or was that something else?
The week wouldn't be complete without some commentary of the Google IPO - if you've been off-planet, Google (a search engine) went public this week, at an eye-watering, distinctly 1999-ish valuation.
Firstly, Martin Lindeskog gives a comprehensive round up of the whole shebang, with possibly more links than any blog I've ever seen before. He manages to cover everything from the Playboy angle to the fact that 1,000 of the company's 2,300 employees are now (paper) millionaires. I bet the 1,300 didn't enjoy the recent company picnic so much.
Meanwhile, Adam Shostack writes about an aspect of the deal that backfired, despite being designed
to democratize the process and let people buy in at just a few shares, but it was a miserable failure because the organizers didn't realize the securities regulations that require people who bid to have a certain net worth.
Still on the subject of search, OSCommerce Experts has been looking at Internal site searching, as opposed to the mega searching via the likes of Google. The legendary usability guru (an over used word, but applicable in his case) Jacob Nielsen has recently published research and recommendations on this area and it's a major cause of user dissatisfaction.
Read the blog and find out what you can do about it on your site.
Rob Sama of samaBlog has also been searching, but in book stores for the anti-Kerry book Unfit for Command. While Rob eventually tracked one down, it wasn't easy, as it seems to have been sold out in most book stores.
This all got me wondering how this happens. Regenery, the publisher of Unfit for Command, is not a small publisher anymore, and they can certainly publish enough copies of any book to meet demand. I wonder if what happens here is that bookstores intentionally order very few copies of conservative books, so few that they won't have enough to put them on display on the new arrivals tables. Publishers print based on stated demand from the bookstores, and so then when the 4 copies they'd ordered sell out, the book is gone from the store, at least until the publisher can print another run.
Can anyone shed any light on Rob's puzzlement?
Micha Ghertner's post at Catallarchy tackles the somewhat controversial subject of Political Child Abuse.
He cites 12 year old Ilana Wexler as an example of this, who
founded Kids for Kerry, skipped summer camp to work for the Kerry campaign full time, and turned her own birthday party into a Kerry fund raiser. Do these sound like the independently-chosen activities of a normal 12-year-old girl? Or are they signs of a child under the influence of her parents and teachers? Indeed, what must the intellectual and emotional condition of parents be like who would do this to their kids?
Micha discusses this whole area in a great blog, drawing surprising parallels from the world of economics.
Disease Management is the preoccupation over at Goobage. Apparently, it's the hot new sector in Health Care, relying on prevention, rather than more expensive subsequent treatment. But should the Government be meddling here anyway?
Everyone has their own appalling customer service anecdote these days and that's the subject of an insightful piece at Photon Courier. There's more to correcting poor customer service than throwing staff and/or technology at the problem, it seems.
Lead and Gold has started a series of blogs on the oft-misunderstood topic of Competitor Intelligence. Despite being supported by the likes of the legendary Peter Drucker
CI has a worse than mixed record inside of corporations. In 1999 the president of the Society of Competitor Intelligence Professionals noted that 90% of new corporate CI groups are shutdown or abandoned after three years.
The blog offers great intelligence as to why this might be the case.
Tim Wortsall offers two very short nuggets on his blog this week. Firstly, the idiocy of publishing a Welsh language guide to claiming asylum in the UK. Think about it. Or if your grasp of Geography is about as good a Microsoft's (who admitted this week that their lack of knowledge has lost them millions) read the blog.
And a nice little dig at The Guardian who seem to be muddling up cause and effect.
Well spotted Tim.
Arnold Kling at EconLog has been taking a look at who's best, the US or Europe. Actually, that simplifies his argument rather too much as it's a very thoughtful piece on productivity in the two continents. So what are the differences and how can they be accounted for? And what does Church attendance contribute to the equation?
Innovation is the theme at Drakeview this week - specifically, how you spot tomorrow's genuine winning ideas from the over-hyped or just plain bad ones. The article particularly focuses on disruptive innovations and why they're important.
My own contribution to disruption looks at why VC's often display herd-like behaviour, following the funding of a whole bunch of Java games developers. These are the guys who are writing games for the new generation of mobile phones (or Cellphones, as you call them in the US).
But why is it that otherwise rational VC's display this tendency to play "follow my leader"? It's actually very simple - it's a natural human behaviour which can best be described as "fear of loosing out".
What happens is that one VC decides to take a punt on an investment, for good, logical reasons, or plain stupid ones - it doesn't really matter. And then other VC's hear about it and assume that the original one MUST know what they're doing. So they MUST follow suit or lose out.
Actually, as I go on to explore, they don't have much choice really. Which is great if you currently own a Java games development company or whatever next month's investment focus turns out to be.
Great timing is a factor consistently overlooked in business success. Personally I'd much prefer a mediocre idea whose time is right, than a great idea executed by a brilliant team if the timing is a little off.
Anyway, to our our final post. This is called Carnival of the Capitalists, so it's only fitting to end with a staunch defense of Capitalism itself. Brian Gongol at Hall of Creative Destruction puts the naysayers, Marxists and anti-free marketers to rights.
Next week's CotC is at New Dog Old Trick so send your entries to the usual address: capitalists -at- elhide.com.
That's about it for this week. Thanks for reading - I hope you enjoyed my pick as much as I enjoyed picking them.
Russell
SPECIAL BONUS SECTION: The late, great Doulas Adams wrote "I love deadlines. I like the whooshing sound they make as they fly by." Well, quite a few of our would-be contributors seem to have the same view :-)
Despite this (CotC entries need to be in by Saturday night, chaps) my good nature has prevailed and I've included these late entries.
Cap'n Arbyte's blog features a topical post on Price Gouging. This is the illegal practice (in the US anyway) of charging premium prices for essential goods and services in the wake of a natural disaster, such as Hurricane Charley.
The Captain looks at the economic and political pro's and cons.
Meanwhile, Truck and Barter has been looking at the controversy over Public v's Private ownership in cars in Shanghai. The local government seem determined to limit private ownership, forcing residents to look for short cuts (pun intended).
The multi-talented Anita Campbell has not one, but two entries this week. It's against the rules, but hey, they're good posts.
For those of you who are more Capitalists than technologists, RFID is a very important development - another of those "it's going to change the world as we know it" ones. Radio Frequency Identity Devices are tiny little chips that are attached to products (or even people) that can subsequently be read by machines to give a whole bunch of data. Think bar codes on steroids and you have the basic idea.
Anita's first blog looks into McDonalds' use of RFID:
McDonald's customers can use the special MasterCard PayPass card to charge purchases to their MasterCard account. They simply will waive the MasterCard in front of a special credit card reader by VeriFone Inc.
It's a little like combing your hair in a hurricane, as it's not going to save the business, but I guess they have to keep trying.
Anita's second entry - actually written by Dave Patterson on Small Business Trends, explodes one of the myths in book retailing:
The New York Times bestseller list does not always mean increased sales. According to Alan Sorensen, an assistant professor of strategic management at the Stanford Graduate School of Business, making the bestseller list had, "no discernible impact on sales," for established authors such as John Grisham.
The Managing Leadership blog, writes about errr...Managing Leadership. Actually, John Stoup, the blogger, wrote the book of the same name and the post is a discussion of Professor Adair's comments on it.
It seems that Inspiration isn't provided by leaders of organisations at all. Despite being counter-intuitive, the argument makes a lot of sense.
The venerable TJ of TJ's Weblog (Technology, Venture Capital and Entrepreneurship - you can't get much more Capitalist than that) has been having a rant at the appalling state of the Affiliate Programme market in Germany.
What is going on with affiliate program managing companies? There have been many start-ups in the last five years and there is strong level of competition that should keep the companies ready to have superior services in order to find an edge.
Perhaps he could try begging to see if any of them will take his money. You never know!
Scott Allen at The Social Networking Weblog has been taking time out from finishing his book on the subject to warn against "canned" messages from services such as Ecademy, Linked In and the current bete noire, Multiply.
If you're not willing to take the time to even personalize a message to a small group of people, like Christian did above, why would you expect me to just open up my calendar and contact list to you?
So, that's really it now for this week's Carnival on the Capitalists. If you want your post to be featured, you'll just have to wait until next week.
Thanks to all contributors and readers again.
Russell