Thursday, August 26

Banks customers still paying for mistakes by investment bankers

Extract . . .

UK retail banking and small business  customers are paying for the mistakes made by Britain's big banks in the financial crisis by their investment banking divisions, where losses are five times higher than in retail banking, a City analyst has warned.

Bruce Packard at Seymour Pierce said that, according to 'the bankers' paradox', those most in need of assistance are the least likely to be given help. "With £75bn of cumulative investment banking losses – five times higher than UK retail banking losses – we are rather surprised that UK banks haven't given their markets divisions the cold shoulder."

Link
http://www.guardian.co.uk/business/2010/aug/19/banking-small-business

Business book summary / “Trade-Off (Why Some Things Catch On, and Others Don’t)”

by Kevin Maney

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Kevin Maney shows how conflicting forces determine the success, or failure, of new products and services in the marketplace. Almost every decision consumers make involves a trade-off between fidelity and convenience — between the products we love and the products we need.

Link
http://www.summary.com/summaries/_/Trade-Off/?=

Businesses Pick Mobile Websites Over Apps

Extract . . .

Some 80% of businesses across a wide range of vertical industries are planning to or already have developed mobile websites as their predominant vehicle for conducting mobile commerce in the next year, according to a new survey by Adobe Systems. A downloadable, application-only mobile commerce strategy was the preference of only 8% of respondents in the Adobe Scene7 Mobile Commerce Survey, released Thursday.

Businesses' mobile strategies were highlighted in four main areas: promotions, commerce, product information, and branding. The latter was deemed the core mobile strategy for 75% of respondents, reinforcing the importance of the mobile channel to drive traffic and support different types of commerce, Adobe said.

Link
http://intelligent-enterprise.informationweek.com/channels/enterprise_applications/showArticle.jhtml;jsessionid=1VDSHUM3O5D1FQE1GHOSKH4ATMY32JVN?articleID=226700408

Is Virtualisation the Same as Cloud Computing?

Extract . . . 

A recent Reuters news item that equates virtualisation and cloud computing is symptomatic of the ongoing confusion between the two terms. Without splitting hairs, are these really the same? 

Here's the statement from the article "Dell To Buy Storage Company 3PAR for $1.15 billion"): "International Business Machines Corp has been expanding its services business, as have other rivals like Hewlett-Packard Co and Oracle Corp. Such companies have also been stepping up investment in cloud computing, or 'virtualisation', a technology that enables users to access data and software over the Internet and corporate networks." 

(The underlining is mine. Also, let us ignore that last bit about technology enabling access to data and software over the internet -- which could be one of several 'technologies', for example IP.)

Link
http://intelligent-enterprise.informationweek.com/blog/archives/2010/08/is_virtualizati.html

Forum watch/Secret Diary of an Entrepreneur

A 'real' look at the 'exciting' life of an entrepreneur !


Link
http://community.managementtoday.co.uk/search/SearchResults.aspx?u=2677&o=DateDescending

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