Nicolas Brusson, the founder of BlaBlaCar, the French ride-sharing start-up that in June raised $100m to expand across Europe, got the biggest laugh of the week at the DLD technology conference in Munich. Asked about operating in a “single market” with 28 sets of laws and regulations, he replied: “When you start from France, everything looks simple.”
Wobbling among the Elsa princess outfits and the dinosaur models at the Toy Fair in London’s Olympia exhibition centre this week was a four-foot, buildable robot, the $399 Meccanoid G15 KS.
With its big saucer-shaped eyes and moveable limbs, the toy has revived interest in its maker: Meccano, which was created by the British toy maker, Frank Hornby, a century ago.
Spin Master, the Canadian company that bought Meccano in 2013, hopes it will be essential kit for parents hoping to get their child interested in building and engineering.
It is very much in the spirit of the “maker movement” — an enthusiasm for manufacturing and making things, helped in part by the rise of 3D printing. Read more
Chief executives project an air of certainty but their real state of mind must be constant doubt
© Charlie Bibby
It was a kinder, gentler and more strategic Travis Kalanick, founder of Uber, who took to the stage at the DLD technology conference in Munich on Sunday to offer the mayors of European cities a “new partnership” with the ride-hailing network, rather than a bitter legal and regulatory battle. Read more
There comes a time in most people’s lives, usually very late in the lives of self-made billionaires, when they settle their affairs and divide up their assets to put everything in order for the family. It has the added benefit for business moguls of pleasing the shareholders.
William Agush, founder of Shuttersong (Bryce Vickmark)
In the popular imagination, technology entrepreneurs are scientific whizzkids barely out of college. The reality is a little different, according to research from Endeavor Insight, a US-based non-profit organisation that supports entrepreneurs.
The most successful founders of technology companies, it found, were steady mid-career specialists with a significant amount of industry experience.
Using data from social media sites including LinkedIn and interviews with 700 technology business founders in New York, Endeavor found that the average age a founder started their company was 31. More than a quarter were over 35 when their company was established.
Youth, it discovered, had no bearing on success. Using earlier research by the Harvard Business Review, Endeavor compared technology entrepreneurs’ ages and obvious measures of success – such as company headcount – and found age was irrelevant. Read more
If you have room left in your 2015 diary, then volunteer. If you feel overwhelmed by work — the main reason UK citizens claim they cannot devote time to a good cause — then volunteer. It will teach you something you can use to improve as a manager and as an employee.
Goldman Sachs caused a bit of a stir this week by issuing an analysts’ report suggesting JPMorgan Chase might want to break itself up. I believe in the independence of investment bank research as much as the next person, but it is hard not to notice that the major beneficiary of such a step would be Goldman Sachs.
Mark Zuckerberg: influential librarian (AP)
The book is back. Mark Zuckerberg has unilaterally declared that 2015 will be “A Year of Books”, in which he and thousands of followers will read a nominated title every two weeks. Read more
As 2014 drew to a close, I became one of the last baby boomers to turn 50. Or possibly, I became one of the first Generation Xers to reach that milestone. Depending where you draw the line, either I am about to enjoy the fruits of half a century of increasing affluence and entitlement, having climbed to the top of the hierarchy I help sustain; or I am entering a period of resentment about my smug elders’ lockhold on the best jobs and homes and the damage they have inflicted on the environment and humankind
A job vacancy has caught Sir Alcon Copisarow’s eye. The Institute of Directors has been advertising for a new chair, who “commands respect and inspires confidence”, can “articulate the case for British business” and is “comfortable operating and influencing at the highest levels of government and the business community”.
Hello, my name is Andrew. I’m the customer service associate dealing with your inquiry today. I’m sorry to hear about the problem with the online order that your true love sent to you.
Pope Francis Photo: Reuters/Alessandro Bianchi
I suppose if you are the pontiff, you don’t have to leaven your Christmas greeting with false bonhomie, but the Pope has not pulled his punches by inviting his Vatican team to reflect on a catalogue of 15 ills or diseases he has diagnosed. They all seem to be highly relevant to executives. Here’s the full list of 15 and my brief gloss for CEOs*: Read more
This has been the year of Uber. “Everyone is starting to worry about being Ubered,” Maurice Lévy, chief executive of advertising group Publicis, told the Financial Times this week. The sharing economy in which online platforms co-ordinate hundreds of thousands of freelancers to drive cabs, rent rooms (Airbnb), clean laundry (Washio) and perform other services has arrived.
Charlotte Hogg, chief operating officer of the Bank of England, gives career advice to London school pupils
Being seated inside the hallowed court room of the Bank of England was the last place 14-year-old school pupil Rachel Natoajeva thought she would end up when she signed up for an event to meet “inspirational women”.
“You can’t see someone from Lewisham coming here,” she explains, as oil paintings of be-wigged former governors stare down upon us from the walls. One of 120 school girls from London state schools aged between 13 and 17 selected to attend a “speed networking” event at the Bank with City career women, surprisingly few said they wanted to be bankers or work in finance. They came here, one girl explains, to meet “women who are successful”. Read more
Any restructuring of the 43 police forces of England and Wales would require political will. But such a reform would also be a vast management exercise.
In proposing the creation of nine new regional “super forces”, Sir Bernard Hogan-Howe, head of the Metropolitan Police, is addressing two of the knottiest issues in modern organisational management: how to reconcile central control with local accountability, and whether to get there through structural changes or to rely instead on collaboration. Read more
“Trying to forecast oil demand, supply and price in today’s market is like trying to paint the wings of an aeroplane in flight. Even if one succeeds in covering the subject, it’s unlikely to be a tidy job.
Any good consultant can produce a report giving the answer the client prefers, and Kevin Mandia, the man hired by Sony’s film studio to investigate its embarrassing hacking attack, did so this week. Michael Lynton, Sony Pictures’ chief executive, emailed his staff Mr Mandia’s assessment that it was “an unparalleled and well-planned crime” involving “undetectable” malware.
Surprisingly, Cho Hyun-ah has a few supporters, if comments on a Financial Times story about her resignation are anything to go by. The daughter of the Korean Air chairman quit as vice-president of the national carrier on Tuesday after insisting her flight should return to the terminal to remove the chief flight attendant – following a breach of nut-service etiquette. Read more
If I have ever written “C-suite” unironically, let me apologise. The more I come across it, the more I dislike it.
The idea of a “suite” is disturbing enough. Reeking of bathrooms and bad hotels, it appears to have nothing to do with the typical open-plan workplace. It is the C-part that really worries me, however, not because it may give occupants of the suite delusions of seniority, but because it may give them delusions of control.