Birthplace Of Silicon Valley – The HP Garage

With only $538 as investment in 1938, a time when the long fingers of the Great Depression still stuck the nation by its financial gullet, two aspiring entrepreneurs named Bill Hewlett and David Packard used a one-car garage as a part-time workshop in Palo Alto, California, to birth a company intended to become a world […]

Warren Buffett on Time Management: “All You Need Is … Time”

Warren Buffett once said on time management, “The rich invest in time; the poor invest in money.” Buffett is currently the fourth richest men in the world. He can buy practically anything he wants to, and more than nearly everyone else could ever dream of. Nevertheless there’s one thing that even Warren Buffett cannot buy, […]

FedEx’s ZapMail Service: Failure to Foresee

Innovation is Not Without Risk One of the defining characteristics of great leaders is their knack for seeing into the future. Innovation is not without risk. There are plenty examples of failures at companies. However, on the other side of the coin, if you’re too cautious and too late—all you have is a dinosaur business. […]

Billionaire Li Ka-shing’s Path to Success: Biography and Timeline

At 88, Li Ka-shing (b. 29-July-1928) is the richest man in Asia, with a networth of almost $35 billion, and one of the most powerful people in the world, but he began life as a impoverished war refugee. Here is a chronicle of Li’s systematic rise from poverty and life as a plastic flower salesman […]

Is Costco threatened by Amazon?

The North American retail landscape appears entirely different today than it did even ten years ago. The method that consumers make purchasing decisions has radically changed: they stand in stores, using their smartphones to match prices and product reviews; family and friends instantaneously chip in on shopping choices via social media; and when they’re ready […]

Costco’s Winning Business Model Strategy

Costco has built a devoted foundation of customers with low prices and workers with high wages. The discount warehouse services industry is highly competitive. There are several warehouse operators across the United States and Canada that offer similar merchandise quality, selection, and price. At the end of financial year 2015, Costco managed 480 membership warehouse […]

The Rise and Fall of Theranos

Two years ago, the blood-testing startup Theranos was one of the hottest assets in Silicon Valley. Valued at $9 billion, it guaranteed nothing short of a paradigm shift in medicine with its groundbreaking, needle-free test process. CEO Elizabeth Holmes, a 32-year-old Stanford dropout, was effusively profiled in the business press as the world’s youngest self-made […]

The Walmart Cheer

In building Walmart as the world’s greatest retailer, founder Sam Walton borrowed every good idea he’d come across. And one of those ideas is the famous Walmart Cheer: Give Me a W! Give Me an A! Give Me an L! Give Me a Squiggly! (Here, everybody sort of does the twist.) Give Me an M! […]

Sam Walton Saw No Need for Unions at Walmart

Walmart has always been criticized for its policies against labor unions. Supporters of unionization efforts blame workers’ reluctance to join the labor union on Walmart’s anti-union tactics such as managerial surveillance and pre-emptive closures of stores or departments that choose to unionize. Leaked internal documents show that Walmart’s strategy for fighting to keep its workers […]

The Rise of the Fast Casual Restaurants

Fast Casual is the fastest growing segment of the restaurant industry. They bridge a gap in the market between fast-food restaurants and casual dining restaurants. The National Restaurant Association recently endorsed a group of 15 fast casual restaurant brand executives to its newly formed Fast Casual Industry Council and recognizes it as one of the […]