Site Loader
Canada

Shopify's Tobias Lütke on Canada’s "go-for-bronze" mentality ironically echos long standing frustrations

Tobi has struck a vulnerable nerve with his painfully accurate comment that Canada has a cultural problem, a “go for the bronze” mentality.” He is not the first to point out Canada’s lack of clothing WRT commitment and investment in innovation and entrepreneurship. Canada frankly has never been keen on risk capital. It’s just not Canadian, eh? Tobi joins Richard Florida and other Canadians in making similar awkward observations. The greatest irony is that Tobi’s remark that we need an “Own the Podium” program for Canadian innovation, was first proposed by former UBC President Arvind Gupta in a Vancouver Sun editorial some 10 years ago. Predictably, nothing has happened since then, and nothing will likely happen now.

e-commerce

Is Facebook Simply Replicating Kenya's Successful M-Pesa Mobile Payment System?

Since Facebook announced its new Libra currency and mobile payments scheme, the global reaction has been very mixed. Libra is not truly a cryptocurrency though it will use blockchain. It will be pegged to a reserve currency, which cryptocurrencies are not.  Libra will “potentially” be governed by an association independent of Facebook, though that association remains non-binding and sketchy at this point. Potential regulatory issues abound around the World, and Facebook is currently not viewed very favorably by many governments.  But most interesting to me, Libra appears to be modeled after Kenya’s M-Pesa mobile payments system, the world’s leading mobile payments system, invented by mobile carrier Safaricom. Then I asked myself if Facebook, knowing that it needs to move away from selling personal data, has seized on Safaricom’s M-Pesa as its new revenue model. 

French Tech

Huawei Telecom Gear Much More Vulnerable to Hackers Than Rivals' Equipment – WSJ

A detailed report, prepared by Finite State, a Columbus, Ohio-based cybersecurity firm, concludes that Huawei telecom switching gear is far more vulnerable to hacking than other vendors’ hardware due to firmware flaws and inadvertent “back doors” that were discovered. The report has been circulated widely among cybersecurity experts in the U.S. and UK, and it is considered credible.

French Tech

Strategic Inflection Points

I want to more fully explain the concept of Strategic Inflection Points. I have referred to this topic in my Week 5 and Week 11 update videos. Former Intel CEO Andy Grove first described a strategic inflection point as a time in the life of a business when its fundamentals are about to change. That change can mean an opportunity to rise to new heights. But it may just as likely signal the beginning of the end. An inflection point can be the result of an action taken by a company or an action taken by another entity. An excellent recent example may be Facebook’s announced intention to enter the cryptocurrency market. The markets have already reacted sharply to Facebook’s move. Analysts have suggested that it may significantly alter the forecasts for cryptocurrencies. Change is inevitable and change is happening more rapidly than ever. Adaptation to change is imperative for corporate survival.

Anonymous

A Cautionary Tale

A crucial part of running a startup company is developing customers, sometimes much larger customers. This can lead to very lucrative revenue and growth. Also, a common exit option is to be acquired by a larger company. However, I want to offer a cautionary tale from my experience. A large engineering company whose products were lagging began buying large amounts of the newest product technology from our startup in Silicon Valley. Unfortunately, it soon became clear that the large company’s strategy was to not pay their invoices, assuming that our company would become starved for cash, and eventually, the large company might be able to acquire our startup’s technology for a very small price.

French Tech

Managing The Accelerated Corporate Lifecycle

Anyone starting a new company should understand the concept of the “corporate life cycle”, and use it as a guide for understanding where the company is in that cycle, to understand the risks at each stage, and to recognize the need for action to change course. This graphic shows a typical corporate life cycle and different possible paths as the company matures. Management of the corporate life cycle also dovetails with the concept of a “strategic inflection point,” which I briefly discussed in my Week 5 Report, The Internet of Things. John Chambers, the former CEO of Cisco Systems has pointed out that the rapid acceleration in market changes has also accelerated the corporate life cycle, emphasizing the importance of understanding it. Companies abound that were initially very successful and yet eventually closed their doors, or were acquired because the company did not anticipate market changes and the need to adapt to the new situation.

French Tech

Strategic Focus versus Nimbleness

This week I want to discuss the importance of strategic focus, while still being open to possible opportunities, sometimes called corporate “nimbleness,” which may seem like a contradiction. I am a strong believer in strategic focus, however I have also personally experienced a case where an “openness” to opportunity transformed the enterprise from a pedestrian company into a Silicon Valley legend. Ascend Communications was “focused” on ISDN based video conferencing with a modest and profitable OEM agreement with AT&T. However, AT&T came to Ascend and asked if it could solve a much bigger problem…

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 339 other subscribers

Category Cloud

5G advanced semiconductor technology Alberta Anonymous Argumentation & Debate Artificial Intelligence Asia Augmented Reality autonomous vehicles Banking and Investment Big Data Big Ideas Blockchain Brazil British Columbia Business Ethics Canada Canadian innovation Canadian venture capital Carbon Career Development Charlie Hebdo China China Clean tech Climate Change Research Communication Computer graphics Corporate Culture Corporate Fraud Corporate governance Covid-19 Cryptocurrencies Cuisine cyber attacks Cyber Intelligence Data Analytics Database Architecture Database Management Data Centers Data mining Derivatives Digital Currencies Donald Trump e-commerce e-learning Earth Hour Economy Economy Education Enactus Energy Efficiency Energy harvesting Energy Harvesting Entrepreneurship entrepreneurship@UBC Environment and Lifestyle eReaders Espionage Ethics Europe existentialism Faculty of Management Financial markets Flash trading Flywheel Foreign Exchange France France and My French Culture French Tech Gaming gender issues Global Global Climate Change Global Culture Globalizatgion Globalization Global politics Global Populism Google Hacking Higher Education hippies home automation Home automation home office Housing market Human Resources India Industry Analysis Industry Standards Industry Trade Shows Innovation Interactive TV International Business International Relations Internet Infrastructure Internet infrastructure Internet of Things Internet Privacy Internet Security Internet Traffic Policy Management Investment IoT ISIS IT Management Jazz Julian Assange La French Tech Law Enforcement Leadership LIBOR life Lyft management Marketing mayo615 Mayo615 Technology Partners memristors Mergers & Acquisitions Mobile Mobile OS Monopoly Montana Near field communication Negotiation Net Neutrality New Zealand New Zealand Economy NSA Nuclear Fusion Online Education PC PC Personal Stuff Photography Physics Politics Privacy Product Marketing Product Vision Provence public relations Quantum computing quantum computing quantum encryption Quantum physics Quantum physics Racism Renewable Energy RFID ride sharing Rugby Rugby League Rugby Union Russia San Francisco 49'ers San Francisco Bay Area San Francisco Giants Sauder School of Business Science and Technology Search Engine Optimization Semiconductors sexual harrassment Sharing Economy Silicon Valley Silicon Valley Culture Smart Grid Smart meter Smart Mobile Social entrepreneurship Social Media social media Social Media Marketing Software Development Strategic Inflection Points Strategy Sub-prime mortgage Super Bowl Supercomputers Surfing Sustainability Tax havens Technology Assessment Telecommunications telecommuting Terrorism The Cloud The Cloud Total Online Presence Travis Kalanick UBC Uber Uncategorized United States User Interface Vancouver Venture Capital venture capital Videoconferencing video conferencing Virtual Reality Water Wifi Wikileaks Wine wireless data communication Work From Home World Wide Web
ArabicChinese (Simplified)DutchEnglishFrenchGermanHindiJapaneseKoreanSpanish