BDi

Google Should Become a Hedge Fund!

2008-01-24T07:32:00.001-08:00

Google's Next Multi-Billion Dollar Business

Google's AdWords and AdSense cash-cow businesses are breathtaking in their scale. But where to find the next multi-billion dollar business? So what should be the next engine for growth? Google should become a hedge fund, muses this post!

Why?

"Well, consider that, by virtue of its ubiquitous search products, Google has real-time access to the intentions of hundreds of millions of people worldwide. That seems like data that could be valuable for investing purposes..."

Interesting thought, that.

$100 Billion Security Industry a Booming Market for Job Seekers

2008-01-17T12:09:00.000-08:00

Homeland security, corporate security, cyber security, critical infrastructure security, retail and healthcare security - you get the idea. Security management is a vital, global industry - in excess of $100 billion - according to ASIS International, a leading association of security professionals...

More from here

The Man Who Is Creating a World Without Poverty - The Banker to the Poor

2008-01-12T08:36:00.001-08:00

The Man Who Is Creating a World Without Poverty - The Banker to the Poor
Thursday, January 10, 2008

By Richard Appelbaum, The Santa Barbara Independent

The idea for microcredit began in the early ’70s, when Muhammad Yunus — an economist from Bangladesh’s Chittagong University — led his students on a field trip to a poor village, where they interviewed a woman who made bamboo stools. Yunus learned that she had to borrow money at rates as high as 10 percent per week for the bamboo she used — a cost that left her with only two pennies a day as her total income. Had she been able to borrow under fair conditions, she would have been able to amass an economic cushion and rise above a subsistence level.

Realizing there must have been something terribly wrong with the economics he was teaching, Yunus took matters into his own hands. Yunus some of the usury victims with loans out of his own pocket. The sum total of his investment was the equivalent of 27 U.S. dollars. This modest experiment succeeded in putting the women on a self-sustaining cycle of business growth, lifting them out of poverty. It was also an epiphany for Yunus, who realized that tiny loans could make a huge difference in the lives of people trying to eke out a livelihood with small business ventures.

In this interview from December 2007, UCSB Professor Richard Appelbaum and Professor Yunus discuss the origins and reasons for the success of the Grameen Bank, as well as Yunus’s call (in his latest book, Creating a World Without Poverty) for the creation of “social businesses” where profits would go not to investors but for poverty reduction.

Read the entire interview from here

Ten 2008 Predictions for the US - from VC Cheap Seats

2008-01-12T08:04:00.000-08:00

Ten 2008 Predictions from the VC Cheap Seats…

Michael A. Greeley 1/10/08

2008 will be a big year in the exponential economy — will we have a recession? Will oil stay above $100 a barrel? Republican or Democrat? Patriots, Celtics, and Red Sox all in one year? While all of these issues are of the utmost importance, Michael offers up a set of predictions about issues that will have a big impact on the US economy. More from this post

Next Billion $ Idea More Likely from Existing Technologies

2008-01-09T21:47:00.001-08:00

The bulk of innovation is low-amplitude and takes place over a long period. Companies should focus on refining existing technologies as much as on creation, says this interesting post @ BusinessWeek

So the next billion dollar idea is more likely to come from innovative use of existing technologies rather than from absolutely new technologies...that reminds me of Google, who did not invent search - not by a long shot - but refined something that had existed for half a decade and built a multi-multi-billion $ enterprise

$100 Years to $1Billion in 10 Years - Impossible? Think Again

2008-01-09T21:46:00.001-08:00

"What if you'd had the crystal-clear foresight (provided only by a crystal ball) that would have allowed you to invest everything in one of the top-performing stocks, each and every year, for 10 years running? The answer -- and it's no exaggeration -- is that an investor who played the game perfectly, beginning with a mere $100 in 1997, would now be a billionaire."

So says this post, interesting, and well, just about possible!

YouTube - The Story of How a Dream Turned into a Success

2008-01-09T21:45:00.001-08:00

The author of this post tries to figure out what made YouTube from a small startup with a vision to the 1.6 billion $ buyout by Google...and presents it with a video from Jawed Karim, one of the YouTube founders...nice and useful

Wireless Power - The Next Billion $ Spark?

2008-01-09T21:44:00.000-08:00

Wireless technology has really developed over the last 10 years, its made our lives easier and cleaner…but there has always been one wire left over, the power plug. That’s where a new patented, FCC-approved technology comes in that was invented by Powercast. The technology is wireless power. By utilizing a receiver plugged into the wall, and a receiver chip on the unit, it can act as if it is plugged in up to 3 feet away. The receiver converts radio waves in to DC electricity....interesting?

Read more from this post @ David Pitlyuk

Billions Pouring into Sustainable Energy Ideas

2007-11-09T08:59:00.000-08:00

Billions Pouring into Sustainable Energy Ideas

Demand is surging among investors for business ideas that will take advantage of changing views and regulations on greenhouse gases. However, at present there are not enough good projects to jump into.

Worldwide investments in sustainable energy (including wind, solar and water power) more than doubled from 2004 to 2006, to 70.9-billion, according to a 2007 report...Venture capital and private equity investments in sustainable energy increased 69% in 2006, to 8.6-billion.

Read the full report from here

Cisco I-prize - Seeking the Next Billion-Dollar Idea

2007-11-09T08:56:00.000-08:00

Cisco Seeks Next Billion-Dollar Idea via I-prize

Cisco has launched a contest to find the next billion dollar idea.

The Cisco I-Prize is a global competition the company said is designed to help it find the next billion-dollar opportunity. The main requirement is that teams must use Cisco's collaboration technologies to develop their projects. The winning team will get an employment contract with a $250,000 signing bonus and up to $10 million in funding over three years to develop the business.

...one of the premises of the I-Prize contest is that ideas "have the potential to bring in at least $1 billion revenue to Cisco over a five- to seven-year period, and submissions must use the IP network as a platform."

Full news @ Internet News

How to Profit from the Billion Dollar Debt Crunch?

2007-09-02T07:46:00.000-07:00

How to Profit from the Debt Crunch

September 2, 2007, Times Online

One man's problem is another man's opportunity, and this is once again exemplified by an article from Times Online UK.

The article says:

"
Volatility in the financial markets is throwing up good deals. These include repossessed property, pawnbrokers and cheap shares. Clare Francis reports
INVESTORS are being urged to turn this summer’s financial-markets crisis to their advantage as the turmoil has shone the spotlight on ways to profit from the world’s spiralling debt crisis.

As debt levels rise towards the £1,500 billion mark in Britain, firms that profit from borrowers’ desperation, such as pawnbrokers and insolvency specialists, are being tipped for a period of unprecedented success.

Meanwhile, buy-to-let investors have been cashing in on the highest level of house repossessions in five years by picking up properties at huge discounts.
"

Billion dollar problems = at least million dollar opportunity for many?

Network Computing - Offering More than What I Want?

2007-08-22T12:28:00.000-07:00

Network Computing - Offering More than What I Want?

Read an interesting post discussing the importance of network-driven applications and network driven computing, as opposed to client (PC/Laptop) driven computing that is in vogue today.

It is indeed interesting to read some of the latest developments, "Google, Microsoft, and Apple have all announced new online storage offerings...the widening race to stake claims in online storage heralds the impending emergence of a new platform, or paradigm, that has massive disruptive potential." While as an idea network centric computing is nothing new (remember The Network is the Computer slogan from Sun? looks like many years ago!), there is little doubt it can have disruptive potential, most definitely a billion make that multi-multi-billion) dollar idea. My guess is, going by Clayton Christensen's logical description of how disruptive businesses take root, Google and Co will need to try to understand the disruptive process better. If they are able to identify a couple of low-end applications that users will only be too glad to store online and start with these to take the assault to Microsoft, it could work better.

For instance, I'm not too comfortable having all my word processing and spreadsheet and other office applications online. I mean, they are working just fine right now, and the costs are not unaffordable, plus having them on desktops is convenient, need not depend on connectivity. But there are some things I'd like online - mail for one (sadly, an open secret!), whatever application I use to publish my blog (in my case Blogger), my bookmarks, contact details of my friends and relatives (just in case I forgot my diary I can always look it up online from anywhere)...that's all I can think of...for the rest, my desktop applications are doing just fine!

This is I think is the crux - Google and the Bog Boys, in their ever present messianic attitude, try to give us things that we are simply not ready for, or not really keen on...if they instead try to find from folks like me if there are other things I'd love to have online, perhaps that will be a better start for network computing becoming mainstream?

Just some thoughts...

Disruptive Business in the Rock Guitar World

2007-08-22T11:59:00.001-07:00

Disruption in the Rock Guitar World

Came across an interesting item on disruptive ideas at The Disruption Group blog.

The author discusses anothe classic case of a disruptor entering established markets with a new product and winning (at least on the way to winning it.

In the case study presented in the post, the disruptor - Line 6 - rather than asking how to beat the incumbents through incremental innovations in electric guitars (almost always a failing strategy), looked at things differently. Using their expertise in digital modeling amplifiers and effects that recreated classic tube sounds via modern DSP (digital signal processing) electronics, Line 6 asked the question that no guitar builder would ever have considered: why not model the guitar itself using the the DSP created classic tube sounds? By dramatically altering the process in which the sounds are created, Line 6 was able to offer an electric guitar that "digitally recreates any of 25 vintage guitar sounds at the touch of a knob, allowing you to use the same instrument to perform with sounds as varied as those of Keith Richards or Bruce Springsteen, who use Telecasters, to Johnny Cash, who used a Martin. Settings include a 1959 Fender Strat, a 1968 Telecaster, a 1961 Gibson Les Paul standard, a Rickenbacker 12 string, a hollow-body Gretsch, a Martin acoustic, a Dobro resonator, an electric sitar, banjo and a dozen other variations."

Line 6, according to the post has been quite successful...

Read more from this interesting post @ The Disruption Group blog

Subscription Model Great Way to Create a Billion Dollar Company

2007-08-22T11:40:00.000-07:00

Subscription Model a Great Way to Create a Billion Dollar Company

Read an interesting (though quite old post by Net standards, July 2004) @ Paul Allen (the lesser) blog.

A recurring revenue model, such as the one with a subscription business, is an excellent model to grow big in reveenues in a reasonable amount of time. Why?

As Paul says in the post, "Once you get a customer signed up, and the product is good enough to keep them happy, you generate revenue for months or years. So your marketing pays off long-term."

And he quotes some companies with a subscription model that have billion plus market caps (all 2004 figures):

1. Netflix: 2 million subscribers and is worth $1.86 billion.
2. XM Satellite Radio: 1 million plus subscribers . Market cap: $5.2 billion.
3. RealNetworks reached 1 million subscribers to its content service by April 2003. Market cap: $1.1 billion.

Interesting indeed for anyone wanting to create a billion $ company. Well of course all of us have the same question, and so does Paul: "The question is, is it possible to create new ones that have the potential to generate a million subscribers, or have all the good ideas already been taken?"

Hmmm...

Need a Million Bucks Quick? Sue Google!

2007-08-21T14:42:00.000-07:00

Need Big Money Quick? Sue Google!

Interesting post at Wired, by Michael Myser

Certainly not a billion dollar idea, and probably not an idea we would recommend, but who knows, you or your company might be qualified enough to sue Google and make some serious millions (pocket change for the big G)

The post says how companies from all across the spectrum are running to the courthouse to sue Google.

Examples quoted:

Perfect 10 - the porn company is suing over Google helping others to get its pics free!

Universal Tube and Rollform - complaint: trademark infringement and "nuisance traffic" due to the similarities between utube.com and YouTube.com - hmmmph!

iLor - for alleged patent infringement on a hyperlinks idea

American Blind & Wallpaper - for Google allowing its competitors to purchase its name for their AdWords advertisements!

Intertainer - for infringing on its patent for delivering digital video and music over the Internet (and we thought every one on the Net had been delivering video and music last ten years).

Not sure how many of the above and many more who sue will succeed. But one thing is sure: Billion dollar successes sure will bring billion dollar bothers as well.

Read the full post from Wired here

Digital Libraries and Broadband, Micropayments, Distributed Storage...

2007-08-18T22:57:00.001-07:00

Disruptive Technologies, Innovation, and Digital Libraries Research - The Case of a Billion-Dollar Business

Yi-Tzuu Chien, World Technology Evaluation Center, Inc

A research paper I came across yesterday provides interesting perspectives on disruptive technologies that could influence the future of digital libraries (and as a result our traditional libraries as well)...not sure when this paper was published, date does not appear anywhere, my guess is sometime in 2004...

I quote excerpts from the paper.

1. Untethered Communications. The capabilities for “untethered communications” usually refer to the union of wireless and mobile technologies. Included here are a variety of personal information appliances and wearable computing devices, which have shown extraordinary growth in the last decade.

2. Broadband Internet - Why is Broadband Internet is disruptive technology for future DL research and innovations? Partly this is because it can provide dramatically new modalities for communication, especially within families and communities. With convergence of video, audio, text, images and so forth, the traditional library materials, plus new Internet resources, all become a digital stream that can be accessed where the high-performance network is.

3. E-payment - Micropayment technology has been in the market place for some time. It is associated with the concept of letting Internet users to buy digital contents and services with digital pocket change – transactions of about a dollar or less. Up until recently, most Internet based businesses still can’t support micropayments because the processing fees from banks and credit card companies erase any profit...Two recent developments have changed this perspective. First, major IT players are beginning to use micropayment technology with clear success...Second, new start-up companies are making renewed efforts to develop the next generation micropayment technologies that are easier to use, more economical, and safer...Why is e-payment a disruptive force that could lead to dramatic innovations for DL?...By charging pennies for the bits one wants or for faster delivery of the bits, we’ll be able to extend the library functions and range of information services far more beyond the traditional libraries have to offer. A second impact is on the supply side of DLs. With micropayment on the Web, we’ll be able nurture a new generation of artists and content innovators who could create, sell and trade their creative works directly to the users with financial rewards.

4. Distributed storage and retrieval - A new technology known as “distributed storage”, still in its infancy, has the potential of storing and retrieving data files in the nooks and crannies of the Internet. The idea is to free data from dependency on specific computers or systems...The technology in its simplest form already exist – music sharing services, for example, which let people down-load and trade songs from Internet-connected PCs, are a crude distributed-storage system. Pushing this technology into including all sorts of data and media forms is one crucial aspect of this new technology.

The full paper (PDF format) is here

Green & Global Warming now Billion $ Businesses

2007-08-18T13:42:00.000-07:00

Businesses see potential profits in joining battle against global warming

By THOMAS WAGNER, The Associated Press | August 15, 2007

LONDON - Big business now views fight against global warming differently: green can be the color of money.

United States, Europe and Japan are locked in a frantic race to cash in on the exploding business, with London becoming the center for the multibillion dollar market in carbon emissions. The city has been attracting investors who trade CO2 allowances.

Silicon Valley is leading the way in attracting venture capital for green technologies whose trends are similar to the dot-com boom of the 1990s. To add another layer of confidence, Japan's Toyota has sold more than a million Prius hybrid models, its cutting-edge eco-friendly car.

Read this article to know what the multi-billion $ companies in the world are doing to cash in on this green boom - from The T and D.

Bra & Lingerie - A Century of the Billion Dollar Industry

2007-08-18T13:35:00.000-07:00

A Century of the Billion Dollar Bra Industry

Came across an interesting article in The Independent UK. The article was celebrating one hundred years of the bra.

"
The bra was invented by an engineer of German extraction called Onto Titzling. He was living in a New York boarding house, and one of his neighbours, a voluptuous opera singer called Swanhilda Olafson, complained that she needed a garment to hoist her vast bosom aloft every evening – so Titzling obliged, using some cotton, elastic and metal struts. Unfortunately, he failed to patent the device and, a Frenchman named Philippe de Brassière began making a suspiciously similar object. Titzling took him to court, but the unscrupulous Frenchman won the day. And that's why the garment all the ladies are wearing is called a brassiere, not a titzling.

In 1907, Vogue coined the term 'brassiere', and launched a billion-dollar industry that changed the way women dress for ever."

Celebrating its hundredth year, lingerie lover John Walsh provides a timeline and history of the undergarment – and dwells on its role in today's world at this article at The Independent, UK

Published: 15 August 2007

More than a Billion to Suffer from High BP (Blood Pressure)

2007-08-17T12:51:00.000-07:00

More than a Billion to Suffer from High BP

Aug 07

The number of people suffering from high BP around the world will exceed over a billion within 20 years. Unhealthy modern lifestyles, involving a salt-rich diet and physical inactivity, are fuelling the rise in high BP, which could reach 1.56 billion by 2025!

Currently, a person in the Western world has a greater than 90 per cent lifetime risk of developing high BP or hypertension.

Source: Healthcare Republic

Fantasy Football Costs US Employers Billions in Employee Time

2007-08-17T12:47:00.000-07:00

Fantasy Football Costs US Employers Billions

"Fantasy football is one of many potential online distractions that can reduce workplace productivity. But its rapid rise in popularity, labor experts said, makes it a growing concern.

A recent study by Challenger Gray & Christmas Inc., a Chicago-based business consulting firm, reported nearly 37 million people nationwide spend almost one hour a week at work managing their fantasy teams, costing employers as much as $1.1 billion a week in lost productivity.

The 17-week NFL regular season stretching from September through December, according to the study, results in a fourth-quarter $18.7 billion productivity loss." Source

Whoa! 18 billion $ cost for a virtual pastime? Smart entrepreneurs will no doubt come up with good ideas to cash in on this trend...

Via: AOL Sports Blog

Quirky Ideas -> Creativity -> Fantastic Business Ideas

2007-08-17T08:23:00.000-07:00

Quirky Business Ideas -> Fantastic Businesses

Thriving enterprises such as Netflix, Cold Stone Creamery, and Geeks On Call all began as "quirky" ideas, says this interesting article from MSN Encarta.

The article goes on to provide anecdotal narration of how three quirky ideas made it big.

1. NetFlix - Reed Hastings came up with the concept after a trip to his local video store. Like so many of us have, he forgot to return a movie on time, and was informed that he owed a $40 late fee. Hastings thought to himself that there got to be a better way. And with that thought, Netflix was born. Toda, Netflix is a household name that offers access to more than 55,000 movie titles for a flat monthly fee - and no late charges! Now, that's a cool way to turn a grumpy day into a million $ business!

2. Cold Stone Creamery - What began as Donald and Susan Sutherland's quest for the perfect frozen dessert has evolved into one of the top franchises in the United States. Cold Stone now has more than 1,200 locations. The success of the business is attributed to the passion its franchisees have for the product. To build on that momentum and provide a solid foundation for its franchisees, Cold Stone sends them to Ice Cream University--a training facility located at its headquarters in Scottsdale, Arizona. Now, that sure is a sign of passion!

3. Geeks on Call - Richard Cole, founder and CEO of Geeks On Call, who was growing frustrated with his PC's antics, was tired of long wait times on telephone help lines - and the mediocre service at the end of it! He began to wonder about how convenient it would be to have personal computer support available on call - and founded G o C. Today, Geeks on Call averages about 10,000 computre fixes per month. Key to the operation's success is the training of the company's technicians. All Geeks On Call employees are required to have A+ certification. They must also pass the Geek Test.

Read the full report from here @ MSN Encarta

Billion Dollar Formula - 5 Ways To Build Billion $ Businesses

2007-08-17T08:02:00.000-07:00

Five Ways To Build Billion-Dollar Businesses

Forbes, Sep 2006 - by Hannah Clark

David G. Thomson thinks there is a secet formula to build billion dollar businesses. In his book, Blueprint to a Billion, Thomson identifies traits that fast-growing companies share. This book is based on hard evidence.

Thomson identified the 387 firms that have gone public since 1980 and grown to $1 billion in revenue. It's a select group; only 5% of the companies that have gone public in the last 26 years fit his criteria. But those firms have influence far beyond their numbers.

These companies, after hitting a certain point, grew at an exponential rate, reaching the billion mark in four to 12 years. How did they do it?

The following are the five traits that Thomson identifies:

1. Get a big idea - while it never is easy to get a big idea that also makes business sense in a practical way, the good news is, there are three different types of billion-dollar ideas. You have to start with one of them.

2. Find a marquee customer - your marquee customers don't have to be billion-dollar companies, but they need to be influencers.

3. Embrace Big Brother - When a small fry teams up with a big guy, both companies benefit.

4. Master the inside/outside dynamic - Great companies are built by great teams, and preferably one key team member should focus on the outside (marketing, sales...), while another focused on the inside - operations and innovation...

5. Put billion-dollar experts on your board - Companies that succeeded put customers and alliance partners on their boards. They also looked to CEOs who had built billion-dollar companies before.

Read the full story from Forbes

CIO Can Help Disruptive Businesses - Clayton Christensen

2007-08-16T04:53:00.000-07:00

CIO Can Help Disruptive Businesses - Clayton Christensen

CIOs at established companies can help identify and foster disruptive innovation to ensure future growth in existing and emerging markets, say Clayton Christensen, Mark Johnson, and Jeremy Dann in this article @ Optimize Mag(November 2002 issue)

Disruptive innovations have proven to be the genesis of major waves of growth in a wide array of industries, from information technology to transportation. For established companies to become successful at disruptive innovation, they'll need to develop robust, repeatable processes aimed at identifying, screening, and shaping disruptive-business ideas into growth engines.

As executives trained in both technology and strategy, CIOs are uniquely positioned to be change agents and aid in the business optimization required to achieve this type of innovation. CIOs can play a key role in developing and effectively applying the critical processes necessary to embrace and prosper from disruptive innovation.

Read more from this insightful article here @ Optimize Mag

Taking Disruptive Ideas to Market and to Scale

2007-08-16T04:34:00.000-07:00

Disruptive ideas are very threatening to the establishment, or whoever owned that marketspace before. They may be products or technology like the iPOD, catheter surgery in the case of Boston Scientific, or they can be processes or services like Amazon or eBay. They can lead to dramatic changes in the field to which the idea applies. That can mean different people will use and control it.

So how do you overcome the resistance of the establishment (could be academia, professional societies, big companies, the government, etc.)? Hire PR? Most of the PR and advertising guys are great if the idea is accepted, lousy if the idea is not accepted. Your goal is to get it accepted. And that to me is the fun part of business. New ideas grow best with viral approaches and that’s all about relationships and reputation.

John Abele describes more of his strategy for taking disruptive ideas to market in this interesting blog post (Jul 2007) - @ Xconomy blog

Breakthrough Ideas for 2007 - Harvard Business Review

2007-08-16T04:14:00.000-07:00

February’s issue of Harvard Business Review included 20 essays exploring Breakthrough Ideas for 2007. The Disruptive Thoughts blog has provided a nice 6-word story format of each of these essays at this post

Topics discussed (and the lovely 6-word stories, thanks to Disruptive Thoughts blog) - and the executive summary provided by HBR, wherever I was able to get it!

1. The Accidental Influentials - Gladwell’s wrong. Epidemics created by many - In his best seller The Tipping Point, Malcolm Gladwell argues that “social epidemics” are driven in large part by the actions of a tiny minority of special individuals. The idea seems intuitively right—we think we see it happening all the time. Nevertheless, this isn’t actually how ideas spread. It’s better to focus on getting enough plain, ordinary people to sign on.

2. Entrepreneurial Japan - Not an oxymoron; catalyzing the rebound - Japan’s economic rebound is generally attributed to the turnaround of corporate giants and to industry consolidation. But it is also fueled by the emergence of new companies led by entrepreneurs in their twenties and thirties. An entrepreneurial Japan—no longer an oxymoron—may ultimately overshadow the much touted start-up cultures of China and India.

3. Brand Magic: Harry Potter Marketing - Mutual Maturation: brands and their customers - Most brands target a specific age group. The big problem with this approach is that it positively discourages customer loyalty—and, as we all know, it’s a lot cheaper to keep customers than to find new ones. To get around this problem, companies should consider creating brands that mature with their customers.

4. Algorithms in the Attic - Businesses future found in math’s past - For a powerful perspective on future business, take a hard look at mathematics past: the old equations collecting dust on academics’ shelves. Just as big firms need the keen eye of an intellectual property curator to appreciate the value of old patents and know-how, they will need savvy mathematicians to resurrect long-forgotten equations that, because of advancing technology, can finally be applied to business.

5. The Leader From Hope - In tumultuous times lead with hope

6. An Emerging Hotbed of User-Centered Innovation - User-Centered Innovation holds potential. Ask Denmark.

7. Living With Continuous Partial Attention - To miss nothing, constantly scan everything.

8. Borrowing from the PE Playbook - PE’s M&A lesson: be very selective.

9. When to Sleep on It - Consciously collect info. Unconsciously make decisions.

10. Here comes XBRL - XML-based standard will revolutionize financial tools.

11. Innovation and Growth: Size Matters - Innovation ’superlinearly’ scales with population growth.

12. Conflicted Consumers - If alternatives exist ‘loyal’ customers leave.

13. What Sells When Father Knows Best - Conservatism rising. ‘Values’ matter. Businesses adapt.

14. Business in the Nanocosm - Nanotechnology changing society in big ways.

15. Act Globally, Think Locally - Maximize global returns: aggregate local knowledge.

16. Seeing Is Treating - Imaging technology and biotechnology improve care.

17. The Best Networks Are Really Worknets - Build networks after defining desired outcomes.

18. Why U.S. Health Care Costs Aren’t Too High - Health costs aren’t rising. Spending is.

19. In Defense of “Ready, Fire, Aim” - Good innovation: fail fast, fix faster.

20. The Folly of Accountabalism - Bureaucratizing morality solves little, sacrifices innovation.