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  • Forbes: Top 12 Cities Primed for Real Estate Rebound

    If the economy is to pick up in 2012, we will need to see some recovery in housing markets. Forbes is featuring a slideshow of US cities that are "ripe for a rebound." Here is the list: San Jose, CA, Houston, TX, Boston, MA, Raleigh, NC, Austin, TX, Oklahoma City, OK, Fort Worth, TX, Pittsburgh, PA, New Orleans, LA, and Rochester, NY. Note that cities like Las Vegas and Fort Myers--cities that saw home values seemingly drop off a cliff--are not on this list. The Forbes list features cities where housing didn't drop too much, as those cities simply have too far to climb to get back to level ground. Click here to roll through the slide-show and look at the data for each of the above cities. Then see what cities you would keep on this list, and what others you might add.
  • Brazil's Staggering Growth Rate: 19 New 'Millionaires' Per Day

    As developed nations in Europe and the US have struggled to keep from slipping into recession, Brazil's economy has, for the most part, continued to gain strength. One sign of growth in Brazil is the increasing number of wealthy Brazilians. At Forbes , Ivan Castano reports that Brazil's population of millionaires is now growing at a rate of 19 per day: Individuals with a net worth ranging from $539,000 – $2.7 million ($1m-$5m reais) make up the bulk of the new millionaires, [Guilhermo] Morales said, adding that most private banks tend to individuals whose net worth falls below $5.4 million ($10m reais). “I think that this trend will continue for the next three years but I don’t see it lasting forever. After all, there is a limit to everything,” Morales noted. Brazil’s economy has been growing at an annual average of 5% in recent years and is predicted to maintain that pace in the medium term. However, some economists have warned that the country’s economy could overheat as inflation rises to unsustainable levels. The 19-millionaires-a-day statistic was measured by taking all of an individual’s wealth into account, including investments, property, savings and other assets in addition to cash. Some in the private banking conference said the statistic seemed a bit overhyped but Emerson Pieri, Head of Wealth Management, Latin America, at Haliwell Bank (which unveiled the millionaire statistics as part of a Brazilian wealth management study) insisted they are reliable. Read Brazil's Booming Economy Is Creating 19 'Millionaires' Every Day here .
  • Tech Platforms as Key to Recovery

    While we're watching to for signs of whether the economy will grow more quickly or slide back into recession, Forbes contributor Joe McKendrick suggests we watch new technology platforms for signs of recovery. And he says the new platforms "tilt the scales" in favor of entrepreneurs (and consumers) for the following reasons: 1) Technology platforms offer new recruiting and employment tools. 2) Technology platforms offer entrepreneurial resources 3) Technology platforms offer access to capital 4) Technology platforms offer economic boosts for distressed communities or regions 5) Technology platforms offer access to new innovation Read Five Ways Cloud, Social and Mobile Technologies are Lifting Our Economy here .
  • Large Firms Use of Social Media May be Levelling Off

    Lisa Arthur is concerned that corporations are slacking off when it comes to using social media tools for reaching out to customers. At Forbes , Arthur--Chief Marketing Officer for Aprimo --shares some findings from a recent UMASS-Dartmouth survey of businesses that show very little increase in the use of Twitter, Facebook, and blogs by Fortune 500 companies. For starters, keep in mind that UMass-Dartmouth has conducted longitudinal studies on four major sectors of the US economy –the Fortune 500, Inc. 500, charities, and higher education –for the past four years. In every one of those years, the F500 has lagged behind the others in adoption of social media. (For example, last year, 71 percent of the Inc. 500 was on Facebook, as was a whopping 98 percent of the higher ed institutions and 97 percent of the charities studied. Compare that to the 56 percent of F500 companies that had Facebook pages in 2010.) Perhaps corporate silos are getting in the way? “Ownership” of social media can get sticky, and teams bogged down by border wars and artificial boundaries may find it difficult to innovate. Retrenchment could also be a factor, I suppose. And, I know that integrating social media and proving ROI remain significant challenges for many–although marketing automation technology continues to mature towards sophisticated and elegant solutions. While I recognize these obstacles, I still must admit that I’m disappointed in these survey results. Why? Because now is not the time for complacency. It’s not the time for companies to lose focus. Empowered consumers are here, and they’re here to stay. We’re just beginning to tap into the potential of strategies like intelligent 1:1 marketing, and that means marketers must continue to find ways to engage with their customers and prospects online in more personalized ways. To be clear, the survey does not show use of social media going down. Rather, firms of all sizes adopted these tools more and more over the last few years. The real question is whether those companies that have not adopted social media have actively chosen not to because they have concluded their use does not provide the right return on investment. Read Are Corporations Giving Up on Social Media? here .
  • Kothari: Future Growth in India Depends on Improving Infrastructure

    India's rise to the top of the global economy has been put on hold. Yes, the economy is still growing. But not at rates that we saw over the last few years. MIT Sloan School deputy dean and professor of management S. P. Kothari points to India's improve conditions for the more than 400 million Indians living in poverty. Without significant improvements in the education and overall standard of living for its citizens, India will always struggle to reach its economic potential. Kothari give a bit of a prescription at Forbes : First on the agenda: improving India’s hard infrastructure. The country’s power systems are woefully out of date. Its highways are congested; its roads are riddled with rocks and potholes. Its railways are limited, and its buses are overcrowded. Infrastructure is like a blood circulation system for an economy: It allows people and goods both physical and electronic to move quickly from one part of the country to another and out to the rest of the world. To make sure India’s economy is efficient and its exports remain competitive, India must make much-needed investments in infrastructure. Its soft infrastructure, especially its education system, is also in need of investment. Competing in the global economy requires an educated workforce, and though the country has made great strides in establishing a number of world-class universities, its primary and secondary schools are sorely deficient. India’s literacy rate is 74%. China’s, by comparison, is 92%. Rectifying this must be a priority. The country’s regulatory apparatus, also part of its soft infrastructure, needs an overhaul, too. Corruption is an integral part of Indian society. Bribery is common even among middle class households. So is tax evasion. Business owners routinely squirrel away undeclared profits. And regulators look the other way. Kothari goes on to write that more regulation is not the answer (just real enforcement of existing regulations), and no positive change will happen until India finds ways of increasing foreign direct investment. Read India's Faltering Boom, and How to Revive It here .
  • Five Personality Factors for Successful Entrepreneurs

    At Forbes , Mary Frakes and Thomas Harrison teach us about five personality factors they say are key in assessing whether one has the necessary makeup to be a successful entrepreneur. The first four may seem obvious: Openness to Experience Conscientiousness Extroversion Agreeableness The fifth personality factor stands out a bit: Neuroticism . Here's how Frakes and Harrison introduce this trait: This one's a biggie. Neuroticism measures how strongly and negatively you react to the stresses of life. Highly neurotic people have strong emotional reactions to problems and take a long time to get over bad moods, anger or hostility. They often feel anxious or depressed, and are seen as worriers. Those at the other end may not always be happy or cheerful, but they don't tend to be overwhelmed if they occasionally feel depressed, anxious, or angry. Such equanimity gives them an advantage as entrepreneurs because they tend not to let snags get them down. Frakes and Harrison provide a quiz that examines one's neuroticism, and the other 4 factors, as a means of determining whether one is better suited to work in a company or for herself/himself. Take the quiz here , and then read more on the methodology here .
  • Harley-Davidson and Other Brands that Speak to Women

    Do women want Harleys? Well, some certainly do. And it seems even a lot of women who don't own a motorcycle really like the brand. We'll leave it up to you to figure out why that is. But we mention Harley-Davidson because it scored very highly among women in a recent survey. Forbes contributor Caleb Melby took a look at the survey results, and he highlights a few of the brands that do well among women: Barbie, CVS, Kotex...and Harley Davidson. Melby writes: Harley Davidson, the traditionally male-associated brand, scored with women this past year – landing it a spot on the index for the first time at number 194. The iconic motorcycle brand staged a series of initiatives to celebrate the growing number of women enthusiasts, including women-only garage parties, a first-ever female “biker boot camp,” and the launch of “women riders month.” The company also gave women the chance to interact with fellow female riders on a new website, featuring tips and advice on how to turn their riding dream into reality. Read What Brands Do Women Want? here . Incidentally, Forbes has a lot of content focused on women in business right now. Click here for Forbes's list of The World's 100 Most Powerful Women .
  • The Case for Strategic Thinking

    Writing Forbes 's Work in Progress: Career Talk for Women blog, Holly Green advocates an end to strategic planning. Instead, she argues that "strategic thinking" is the proper approach in today's business climate. The old approach is static, but the new approach is based on developing a system that allows a company to respond on the fly in an ever-changing environment. Green writes: Strategic planning has a beginning and an end. It is typically conducted by senior management, and usually results in a formal written plan. Strategic thinking never ends. It becomes an integral part of how the organization conducts its business, and needs to be practiced by employees at all levels. Green argues that successful managers will develop strategic thinking in their organizations by doing the following: Focus on a target. Ask the right questions. Balance the big picture and the details along the way. Explore new channels. Teach strategic thinking skills. Stage your field of vision. Read Shifting From Strategic Planning to Strategic Agility here .
  • Forbes: The 5 W's of Small Business Blogging

    Deborah Sweeney believes that blogs continue to serve a valuable purpose for businesses, especially small businesses without an endless stream of marketing resources. But the small business blogger needs to blog with a purpose. And to that end, she says that new bloggers should follow the lead of journalists (not in their business decisions, mind you) in considering the Five W's: Who, What, When, Where, and Why. Let's take a look at the What , from Sweeney's online column at Forbes : What should you blog about? If you are a new start-up you could blog about the issues you faced- create a trouble shooting entry. Think about your community as a whole and blog about your industry. Do you know of other products, applications or ideas that will help your community? For example, if you are a bakery and recently changed the type of eggs you buy due to how it affects your product, blog about that experience. Offer relevant advice. Go nuts! One word of caution- If you’re going to pump out regular content that is meaningful, you obviously need to blog about a topic in which you’re knowledgeable, and that you also care about. Without these things your content may be ill received, if read at all. Read about all five W's here .
  • The Case for Employees Managing Their Own Personal Brands, With or Without Corporations

    In a column at Forbes , Glenn Llopis argues that the employer-employee relationship has changed so significantly, that many motivated employees have limited incentive to stay. Llopis--founder of the Center for Hispanic Leadership and the Center for Innovation and Humanity , and former executive with Sunkist and Norway Seafood, is bullish on the idea that employees should develop personal brands. And he believes most corporate workplaces today are ill equipped to ride the entrepreneurial spirit of its employees: In today’s ‘new normal’ workplace, reinvention of an organization has less to do with the organization’s brand, and more do to with its people. If an organization allows its employees to have a greater freedom of expression, they will be able to be more entrepreneurial and to contribute more. In order words, organizations must unleash control and allow their employee’s personal brands to flourish in meaningful and purposeful ways. If not, innovation will be short-lived and organizations will become more vulnerable to competitive threats in today’s short-term, rapid-paced, talent-dependent, fast changing, virtual, trust-demanding world of work. For the individual, there must be alignment between who you are (your true personal brand) and the opportunities you pursue. If there is not, you will overlook opportunities you must not miss, and instead seize opportunities of less significance. This is why most people in today’s workforce are not inspired, and why they are seeking employers that will give them more purpose to showcase their individuality. Unfortunately, most people spend too much time being accountable for what others want them to be, rather than what they seek to be themselves. We have allowed corporations to manage our personal brand for too long, at a time when we need to turn ourselves around. We must understand our individual relevancy and the role we play in today’s post 2008 economy. People are forfeiting the opportunity to create a fortune continuously and don’t even know it. Read Why America’s Corporations Will Lose Control of Their Employees here .
  • Viet Nam's Potential as a Key Global Tech Sector

    EBay's latest Asian pursuit has global tech analysts watching Viet Nam. After trying and failing to enter the Chinese market, eBay has acquired a stake in Peacesoft , a Vietnamese e-commerce company. Forbes contributor Rebecca Fannin says this new venture presents an interesting case study for the potential of the Viet Nam as "the next frontier in Asia for tech investment." She cautions us not to expect Viet Nam's tech market to be on par with China or Silicon Valley, but it could still be a key spot: How this new eBay of Vietnam fares could impact many business models that have been adopted from the U.S. and China and are being tried in Vietnam now. There’s an Amazon and Dangdang of Vietnam – that’s VinaBooks. There’s a Google and Baidu of Vietnam – that’s Socbay. In Forbes, I wrote about how its risk-taking founder Nguyen Xuan Tai even turned down an acquisition offer from the Mountain View-based search giant back in 2006 and now owns the mobile search market in Vietnam – way ahead of Google. You can bet that Vietnam now has multiple GroupOns as well. The lead one is NhomMua.vn, invested in by GroupOn cloner Rebate Networks from Berlin and IDG Ventures Vietnam. China’s social networking giant Tencent has a copy too – Zing from an upstart in Saigon, VNG, which I wrote about in Forbes Asia. Tellingly, Tencent invested in VNG and its former M&A director Johnny Shen joined the Vietnamese upstart in 2008 as chief financial officer and executive vice president of business development and strategy. Vietnam’s talented and entrepreneurial software whizzes are the draw. But make no mistake –the market’s ecosystem for tech venture is no match for Silicon Valley or China’s own innovation hotspots. This nation of 89 million people has a relatively low 27 million Internet users but does rank up there with 66 million mobile phone subscribers, with newly launched third-generation mobile service beginning to take off. Read eBay Tries Vietnam After China Bust here .
  • The Search for the Next Big Thing(s) at SXSW

    The digerati are all in Texas for an extended weekend of partying, gaming, and strutting their stuff. It's the South By Southwest Interactive festival, and don't let the good time vibe fool you: this is serious business. As Mike Swift of the San Jose Mercury News writes: The 17-year-old fast-growing South By Southwest (SXSW) Interactive conference was the place where Twitter first came to prominence in 2007. It was the place in 2009 where the concept of smartphone location check-in services was first popularized by the New York startup Foursquare. SXSW remains one of the most fashionable places to seek out the emerging trends in personal technology, particularly on the mobile and social web. Still, even some young entrepreneurs worry that the mushrooming event is losing its soul, as corporations and what Rosenberg called "the beautiful people" are drawn by the money and cultural interest behind the boom in online social media. Read At South By Southwest Festival, entrepreneurs are the rock stars here . So who are the entrepreneur rock stars at this year's festival? Maureen Farrell , who writes about entrepreneurs for Forbes , has her eye on Hashable : Hashable just launched to the general public a week ago, after five months of invite-only beta testing. Spend some time on Twitter, and you’ll inevitably find that those you’re following have #justmet or #raninto someone. (@Mikeyavo does all the time). The hashtag #justmet allows Hashable users to exchange business card information over Twitter. Using Hashable’s hashtag verbiage, users can introduce connections to one another or explain who they’ve reconnected with on Twitter. On the site, users can privately track meetings and connections. Over time, users could build out a comprehensive map of their personal and professional worlds. The billion dollar question is THE question for consumer web startups these days. It’s a question you’re more likely to entertain if your startup is backed by venture capital investor Fred Wilson of Union Square Venture, an early investor in Foursquare, Zynga and Tumblr. Union Square Ventures led Hashable’s $4 million financing round in November 2010 and has been an investor since 2008 when Yavonditte founded Tracked, a competitor to Yahoo! Finance and Hashable’s predecessor. “Union Square and Fred Wilson are clearly the best venture firm in New York City by a mile,” he says. “I honestly don’t see another firm here. I can’t name another one. If they exist, they don’t have any cache with me.” Beyond an investment by Wilson, Yavonditte has a proven track record as a CEO. He sold his firm, Quigo Technologies, a search engine marketing firm, to AOL for $340 million in 2007. His work at Quigo, he says, taught him that serious companies take time to build. “We’re five months into the development of Hashable. My last company took 5.5 years.” Read Hashable: South by Southwest’s 2011 Breakout Company? here .
  • Piaggio America's Bingham on Signs of Recovery

    We're on the hunt for signs of economic turnaround for businesses of all sizes. John Bingham , CEO of Piaggio America , is in aviation, so his company's fortunes depend on businesses buying his expensive products. And he sees what he calls "a progression" and a "visibility as to when we will get out of it" ("it" being the low spending times). He also argues that this is a good time for any business to look around at what its competitor's aren't doing--especially in terms of marketing--and take advantage. Here he is speaking with Forbes :
  • The Challenges of Being a Private Entrepreneur in China's 'Thriving' Economy

    As those of us in the West are exposed to more stories of successful state-owned businesses in China, Gady Epstein --Beijing bureau chief for Forbes -- reminds us that the spoils of "authoritarian state-let capitalism" have not reached everybody in the world's largest country. There are plenty of losers, Epstein notes, among China's private entrepreneurs. And it appears that the best way to operate as a private investor is to try to fly under the radar, and that means not being too ambitious: Indeed, the best way to stay alive as a private entrepreneur in an industry the state dominates — and there are many of those — is to stay small. “Our principle is that we don’t make trouble for the SOEs, and they don’t consider us competition,” Wang Junjin, chairman of JuneYao Airlines, told me. “Don’t do the things they don’t like. Don’t make them think you’re going to squeeze them out of the market. You cannot step on others to climb up.” Not exactly the capitalist credo you might pick up in business school. In any case, it is difficult to expand without financing, and Chinese state capitalism is terrible at lending to private businesses. This was glaringly true during the financial crisis: While state banks made headlines globally for their gigantic lending spree to mostly state-owned enterprises, thousands of private companies faced bankruptcy, desperate for underground loans at high interest rates ( see “Chinese Credit” for more on where such companies turn for cash). Bank of China Chairman Xiao Gang explained the warped but very rational incentive system that drives bank lending in his commentary last week, “Don’t blame it on the government,” writing: While expanding their loan portfolios, Chinese banks are smart enough to take the risk-averse approach and to focus on lending to large State-owned enterprises (SOEs). These SOEs often enjoy monopoly in their sectors and favorable conditions in an industry and enjoy quasi-government credit ratings. In other words, banks figure the large SOEs won’t go bankrupt and default on their loans. It is not so much that they are too big to fail. They are too government to fail. That was one reason why the president of a third struggling private airline, Okay Airways, told me, “The SOEs laugh at us, ‘Yeah, we’re the government’s companies, of course the government will help us’.” Read The Winners And Losers In Chinese Capitalism here .
  • Innovation in the B-School Classroom

    With the global economic crisis shifting many people's ideas of what qualifies as a good business culture, some business schools have been shifting their approach in the classroom. Forbes 's Terra Stanley highlights ten innovative business school classes, including one from a brand new business school at a top-flight university: Carey Business School at Johns Hopkins University , which will welcome its first class this August, is a prime example. "We seek to prepare people for the world we haven't seen yet," says Dean Yash Gupta. He compares the new program's approach to making Jell-O: teaching students to take different shapes in an unforeseeable future. Consider one course at Carey, called Innovation for Humanity. This new program will send students to a developing nation, such as Rwanda , Peru, Kenya or India, where they will study infrastructural weaknesses in water, energy and health systems, then work with scientists and citizens to develop solutions. The goal: to understand how to build sustainable businesses in developing markets . Read The 10 Most Innovative Business School Classes here .