When the Nokia 6160 cellular phone was released in the late 1990s, it was one of the hot technology gadgets of the era. With its “candy bar” styling, good looks, and positive user experience, the phone was very popular and was once considered something of a minor status symbol. Today Nokia faces a “burning platform” according to CEO Stephen Elop. Read this article for more details and commentary.
Over the past few years, many obituaries of the newspaper business have been written. The growing tsunami of instant information combined with increasing accessibility to this information has shaken the comfortable “moat-like” business model of newspapers to the core. Few other case studies better define Joseph Schumpeter’s concept of “creative destruction”. Can Steve Jobs’ iPad save the industry?
Ken Auletta is apparently a brave author given his willingness to write about a story where the ending is still very much unfinished in Googled: The End of the World as We Know It. Mr. Auletta provides a great deal of insight regarding Larry Page and Sergey Brin, Google’s founders, along with a good description of Google’s meteoric rise over the past decade. However, the more interesting aspect of the narrative involves the insights provided by Mr. Auletta and many technology leaders who are quoted extensively throughout the book. Read this article for more details.
The Economist has been one my primary sources for global political and business news for nearly two decades. The latest issue contains a new column named after economist Joseph Schumpeter. Schumpeter’s concept of “creative destruction” has greatly influenced economists and has highlighted important factors that investors must consider when allocating capital. The audio interview below provides more details regarding Joseph Schumpeter and the new column.
The term “creative destruction” was used to promote countless business models of dubious value during the height of the dot com mania of the late 1990s. In the ensuing collapse, many observers have grown weary of this term and attribute its use to exaggeration and hyperbole. Nevertheless, the concept of creative destruction developed by Joseph Schumpeter nearly seven decades ago is impacting the newspaper publishing business like a category five hurricane. Does the print newspaper industry have a future? Read this article for more thoughts on this subject.