... drones what Foxconn is doing for manufacturing robots, so I believe the economics can work. But I still don’t think this is where the money is for Bezos. Pay no attention to the man behind the curtain For those missing this culturally loaded reference to the Wizard of Oz, the “man behind the curtain” is Bezos ...
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... with product safety Sometimes engineers know that at least a percentage of users will suffer, but given a risk-adjusted net present value analysis of paying off the injured versus fixing the problem in the first place, the business occasionally decides to go forward anyway. It’s rarely the engineers, scientists ...
... The big question is whether our business decision-making abilities will keep pace with the power of our tools. The right stuff Films about astronauts pay homage to the incredible effort put into the selection, development and preparation of a small group of elite individuals who will fly the spaceship. ...
... and Spotify have figured out how to succeed in this economy. They employ super-refined personalization to enhance the user experience enough that we pay in advance for content to be consumed later. This cracks the content pricing problem of zero-marginal-cost businesses. Such emerging subscription models ...
... watch could be a mere fashion statement, but more likely it’s a lifestyle inflection point and new era of wearable computing power. Similarly, Apple Pay could be just a convenience, but I’m betting it will be transformational to point-of-sale market making. And lest anyone forget, Apple TV sits quietly ...
... biggest corporations, including the five major oil companies, are planning their future growth on the expectation that the government will force them to pay a price for carbon pollution as a way to control global warming”. SCM World community members called out in the article for their forward thinking on ...
... towards the intangible, Amazon’s big win comes from “shipments” of Breaking Bad, Fifty Shades of Grey, or Fast and Furious 7, which we will happily pay for, but which cost nothing to deliver. Bezos has everyone watching the front door while he tunnels up through the floor. ...
... Become the Middle Class — Henry Ford learned this. When he introduced the $5 daily wage in his Detroit factories investors were aghast. The rate of pay was more than double going wages and introduced mainly to reduce worker turnover. Cheap, unstable labor, it turns out, was bad for production, so Henry ...
... likely recycled). There will be plenty of work for machines, but only design, engineering and other problem-solving work for people. Such jobs will pay very well, but they certainly won’t be filled by the unskilled. The other, perhaps less obvious, type of manufacturing will be craft production. The ...