Category Archives: Economy

Downtown Pyongyang

Central Pyongyang

North Korea’s capital city of Pyongyang

It’s like a semi-abstract still life… minus the life part.

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Image by David Guttenfelder from The Independent:
Lost world: Scenes from North Korea’s closed society

Story to go with the pictures, by David McNeill…

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US Rating Downgrade (S&P report)

Excerpt:

Rating Action 

On Aug. 5, 2011, Standard & Poor’s Ratings Services lowered its long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’.

The outlook on the long-term rating is negative. At the same time, Standard & Poor’s affirmed its ‘A-1+’ short-term rating on the U.S. In addition, Standard & Poor’s removed both ratings from CreditWatch, where they were placed on July 14, 2011, with negative implications.

The transfer and convertibility (T&C) assessment of the U.S.–our assessment of the likelihood of official interference in the ability of U.S.-based public- and private-sector issuers to secure foreign exchange for debt service–remains ‘AAA’.

 

Download S&P’s 8-page report

(Right-click to download to disk. Left-click to open PDF in new window.)

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Social Media Thoughts for Enterprise Managers #3

Ten basic things to remember about social media for business:

  1. Keep it short.
  2. Be responsive, accurate, creative, honest, helpful and polite.
  3. Don’t expect everyone to agree with you.
  4. In the blogosphere, as in life, effective moderation is key.
  5. Social media is all about the “persona” of your organisation.
  6. Openly support causes that contribute to the greater good.
  7. Avoid crass commercialism in order to avoid social media “blowback”.
  8. Don’t post the same message twice – paraphrase creatively.
  9. Space permitting, always use proper grammar and spelling.
  10. Thanks to technology, it’s possible to offend and alienate more people than ever before – and now it can be done in a mere micro-fraction of the time!

Use the comment function below to add to the list…

 

– courtesy Enterprise Management Association (EMA-I.org)

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Social Media Thoughts for Enterprise Managers #2

Here’s one to keep you up at night:

What percentage of your fans, friends and followers are real people?

Increasingly, corporations are turning to technology for automated social media solutions, some of which offer the ability to:

  • create and manage robots for exploring competitive businesses;
  • search out and react to discussions and tweets on specific topics;
  • respond with natural, human-like commentary or re-tweets; and
  • make helpful suggestions to direct traffic from your site to another.


As an apparent corollary to Arthur C. Clarke’s Fourth Law, the tweet below prompts us to reconsider what assumptions we have made about our on-line connections:

“In a turbulent 140-character universe, any sufficiently advanced semantic algorithm is indistinguishable from the average human.” — @humblerock, 2010

– courtesy Enterprise Management Association (EMA-I.org)

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Social Media Thoughts for Enterprise Managers #1

Many business managers that I meet would seem to agree that:

Social media is a very promising but potentially risky marketing tool

It sounds so reasonable.

And it’s certainly an easy position to defend:

  • it’s conservative, so it plays well in the boardroom;
  • it pays lip service to the vaunted power of blogs and twitter;
  • it lends one an air of forethought and serious consideration;
  • it subtly showcases one’s attention to the bottom line;
  • it says, “I’m open to change as long as it’s good change”; and
  • it does all the above while niftily evading any form of commitment.

Politically, it’s a very safe bet.

It gives you the opportunity, after the unfolding of any significant social media event (good or bad), to point out that you were right all along… “See, I told you it was risky,” or conversely, “I’ve always said it had great potential.”

My problem with the proposed statement is not its wishy-washiness, but that it presupposes  Sales & Marketing as the “owner” of a company’s social media strategy, when it could just as easily–and perhaps more fittingly–belong to Public Relations & Customer Service.

Agree or disagree?

– courtesy Enterprise Management Association (EMA-I.org)

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