When it comes to the USA, Chinese and Mexican manufacturers have long been rivals. Both groups export fairly similar types of goods. Both have advantages in lower cost labor. And they are now the No 1 and No 2 exporters to the US. But while Chinese manufacturers have become dominant in most product categories, Mexican manufacturers […]
Last week, I got the welcome news that I am one of LinkedIn’s Top Voices for 2016. And it was for Finance and Economy, which was especially gratifying because I have been struggling in that writing genre for over 5 years. Looking back, I would say it was really five years of different types of failure. Of trying tons […]
Alternate Headline: “I Applied Warren Buffett’s 25-5 Rule – and Now I Am Trying to Date Jessica Alba.” Warren Buffett’s 25-5 rule came out of advice he gave to his airline pilot Mike Flint. The story (which may not be 100% true) is that he advised Mike to make a list of his 25 career […]
Alternate title: How My Boss’s Motivational Talk Convinced Me to Quit I often get asked how I ended going from New York managing consulting to working for Prince Alwaleed in the Middle East. It was a pretty big career move. But it was actually a spur of the moment decision. And I think there is […]
I’m really getting sick of the term “introvert”. It sounds like someone with a problem. Like someone who is anti-social. In contrast, “extrovert” sounds outgoing and engaging. Like the CEO or student body president. Yes, I admit some of us are pretty quiet in classrooms, at dinner parties and during corporate functions. Yes, we do […]
Failure in China need not be final. Yes, the market is difficult and failure is common. This is true for both domestic and foreign companies. But the country is huge and there is almost always another opportunity available. The brutality of the Chinese market is compensated for by its breadth. French food company Danone and […]
The “cluster” map shown above (and below) is by McKinsey & Co. It illustrates four important points about modern China.
The situation for Uber in China is now dire.
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