At a time when the world quite reasonably worries about the power of large companies and the growing wealth of a new plutocracy, the Nokia case shows us that corporate power can be transient. Even overwhelming market share of the sort Nokia once had offers little protection to companies that cannot move with the times.
Joseph Schumpeter had warned that the sort of threat Nokia faces is the true face of competition in a capitalist economy, as against the textbook version of competition based only on price…Schumpeter said that this type of competition “strikes not at the margins of profits and the outputs of existing firms but at their very foundation and their very lives”.
These distinctions are often inadequately appreciated in public discussion and public policy…
Large companies always struggle to survive over the very long term, and corporate mortality is quite high over the decades.
The February edition of Southwest Airlines Spirit magazine has a an article on Good Boss, Bad Boss called Lead the Way.
On the morning of February 11, 2011, the international jury of the 54th World Press Photo Contest named a photo by South African photographer Jodi Bieber, World Press Photo of the Year 2010. The image is a portrait of Bibi Aisha, disfigured as punishment for fleeing her husband's house, taken in Kabul, Afghanistan. Over 5,691 photographers entered 108,059 images in the 2011 World Press Photo Contest and after the two-week judging period, 56 were named winners in nine categories. It is a prestigious contest and an honor to be named a winner. The following post shares 23 of those winning images.