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Division of Labor, Talent and Journalistic Branding

A clear divide exists between generic labor and talent in media companies and it is now increasingly dividing journalists. The divide initially appeared in the motion picture industry and moved into broadcasting as competition led companies to vie for the talented people—or at least those who could generate the largest audiences and revenue for media companies. The talent concept moved into journalism with the development of television news and salaries for news presenters and leading correspondents that were far above those of average television reporters.    In print journalism, talent initially involved columnists and then encompassed a few well-known reporters. Today, the appearances of journalists at events and on talk shows, individually-authored digital news sites, and the increasing uses of blogs and social media by journalists is transforming many into individual brands that are being using to improve their social standing and connections with audience...

Coffee is bad

What does Ramamritham have against coffee ? I would have thought the caricature of Ramaritham included a cup of coffee and The Hindu. Yet here's this venerable gentleman having an angst against coffee . Why ? I am referring to IKEA's application to open retail stores across India. You may recall that the move to allow foreign owned retailers to set up shop in India is a recent one (Didi notwithstanding).  IKEA has been one of the first to submit their proposal, willing to bring it no less than Rs 10,000 crores of investment. You would have thought that they would be welcomed with open arms  - it is difficult to see boxed furniture being a threat to national sovereignty. But what they got was not a red carpet - instead they were treated with the full attention of Ramamritham. (in the guise of the Foreign Investment Promotion Board - FIPB) I am no fan of IKEA stores. If you've been to one, they are all predictably the same format. You are forced to walk along one km of windin...

Bye Bye New York Stock Exchange

OK - the title is pure hyperbole. The New York Stock Exchange (NYSE) is going nowhere. But the company that owns NYSE is just being bought over. The curious part of the story is that the acquirer does not really want the NYSE, but it comes as part of the package- so he has to take it ! Here's the deal. NYSE is part of a conglomerate called NYSE Euronext. The conglomerate consists of NYSE itself, Euronext, which is a combination of three European stock exchanges and Liffe which is a London based derivatives exchange. NYSE and Euronext are ugly spinsters nobody wants. The beauty amongst the beasts is Liffe. For it is the sexy new hottie - a derivatives exchange. And therein lies the story. In the modern day casino , that is finance , equity exchanges like NYSE are worthless as businesses. Margins are supposedly low. Stock exchanges are the places where almost all companies that require capital list and that's where investors channel their savings into productive investment. One w...

Business Jazz - 21st December 2012 - Customers and Community

If we learned anything from Instagram's misstep in the past week it's that businesses struggle to understand the concept of community - even those who are in the social media space. Making yourself attractive in business is about being able to respect the community you serve. Chris Brogan talks about the difference between customers and community in his latest podcast and newsletter. He discusses why not all of the people who come to your shop have to buy. The fact that they are bringing their communities into contact with you is already enough. Treat them well and rewards will follow. Paul and Roger discuss what this approach means in the real world of business. Can the concierge experience be used to improve the sales process? To serve them well, you need information about your clients and customers. Yet blatant interrogation can be off putting. How do you elicit information and still remain attractive to the customer? You can listen to this week's podcast using the p...

The Business December 19th 2012, The "Life Is Excellent" Edition

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  We will, we will rock you. Rock you. Well, more specifically, we are more than happy to welcome Bobby Joe Ebola and the Children MacNuggets to rock you!! Bobby Joe Ebola and The Children MacNuggits began in 1995, in a trash-strewn fast-food parking lot in Pinole, CA. Guitarist Dan Abbott and singer Corbett Redford rose from humble circumstances as a satiric folk rock band that played for friends to their current majestic heights with hilarious and sometimes frightening acoustic performances. The MacNugg its have gathered loyal legions of fans with their infamous combination of searing social satire, soaring harmonies, outlandish and shocking truths, and poop jokes. The songs draw upon a variety of pop culture, of global crises, of interpersonal labyrinths, of nightmares and daydreams, skewering them on a rusty spit for the world to see. With a nod to social satirists like Lenny Bruce and George Carlin, and musical influences ranging from Slick Rick to They Might ...

Round the world for one day

How would you like to chuck it all and travel around the world ? Tempting isn't it ?? Well that's exactly what two wonderful persons I know are doing right now. They blog about it here - follow it if you are interested in traveling ; its a gripping account of far away lands. If you fancy yourself on the road from Rangoon to Mandalay or on the Silk Road between Bukhara and Samarkand, then this is the travelogue for you. I happened to be in Spain and voila, discovered that they were in Spain too  - Ah the wonders of the internet. I was in Madrid and they were in Granada, so emailed them to meet at Seville which is where I spent a magical day today with them. No doubt they'll get to updating their blog on this day in Seville. Their blog is still in Turkey, whilst they have physically moved on to Greece and onwards to Spain. They'll write about the Catedral de Santa María de la Sede (Seville Cathedral), an imposing and awesome structure where we stood reverentially in fron...

Business Jazz - 14th December 2012 - Introducing The Flapp

It's an oft-quoted trend: smartphone and tablet sales are outstripping those of laptop and desktop computers. There is another way of reading that: our social media experience is becoming mobile. Or how about this interpretation? The window to our online experience is getting smaller. That is: the screens we use are getting smaller. All that has an impact on our online experience, says Chris Brogan . Most companies tailor their online presence towards viewers with a large screen. That doesn't provide a great experience for those of us reaching out to them from mobile devices. Paul and Roger take this to the extreme. Will websites make way for apps produced by individuals, companies and collectives? What does that mean for Google's powerhouse search engine? Will your app store become your search engine instead? What about apps themselves? Let us introduce you to the Fluid App (Flapp). Perhaps, we'll all be flapping in the future. You heard it hear first. You can listen...