Back in 1991, while I was still halfway through my MBA course, I left the U.K. and headed to California. As a very atypical U.K. passport-holder, I knew I wanted more from my life than merely to be one more cubicle slave among millions. And I knew, from the few years I’d spent in the U.K., that if I remained on the gloomy little island it would be impossible for me to create any commercial enterprise that could potentially grow to employ thousands of well-paid people.
I’m briefly back in the U.K. 30 years later and nothing at all has…
Forget the Year of the Ox — 2021 is rapidly shaping up to be the Year of the Doge, a cryptocurrency based on the internet meme of a Shiba Inu dog with a less than stellar command of English, hence “doge” and not “dog.” Nowhere has this development been cheered on more than on Elon Musk’s Twitter feed.
I Read It So You Don’t Have To is a new series that gives you the TL;DR on a new business book you want to read—but will never have time to.
Tim Harford’s new book The Data Detective: Ten Easy Rules to Make Sense of Statistics (published in the U.K. as How to Make the World Add Up)
He’s a columnist at the Financial Times, a BBC radio host, and the author of several previous books, the most recent of which is Fifty Inventions That Shaped the Modern Economy and the most popular of which is probably 2005’s The Undercover…
Around the world, in countries afflicted with the coronavirus, stores are sold out of toilet paper. There have been shortages in Hong Kong, Australia, the United Kingdom, and the United States. And we all know who to blame: hoarders and panic-buyers.
Well, not so fast.
Story after story explains the toilet paper outages as a sort of fluke of consumer irrationality. Unlike hand sanitizer, N95 masks, or hospital ventilators, they note, toilet paper serves no special function in a pandemic. Toilet paper manufacturers are cranking out the same supply as always. …
Editor’s Note: No Mercy/No Malice is a column from Professor Scott Galloway, where he shares various reflections on business, tech, and life on his mind each week.
In 1982, Emerson Junior High School, in its ninth-grade poll, awarded me “Most Comical” and “Steve Martin.” Since then I’ve successfully navigated all awards and recognition. A month ago a friend, Anne Maffei, texted me: “Please respond to my brother, he wants to give you an award that recognizes your work.”
Remember New Coke, Coca-Cola’s new-and-improved Coke recipe launched in the mid-’80s? It seemed like a great idea at first: The new formula tested well among consumers and even had some initial success in the market.
Yet what the marketers at Coca-Cola missed is that many consumers had a strong emotional attachment to the old formula, which ended up creating a huge backlash. What started as a good idea — updating and rebranding a century-old drink — ended up backfiring because it addressed a problem that didn’t exist in the first place and ignored decades of ingrained brand loyalty.
Pop business for the intelligent reader. A publication from Medium.