From Huff Post
Citibank which has been behind in restructuring as a result of global financial crisis, plans to pare down 11,000 jobs and save as much as $l billion per year. Citibank's stocks rose on news.
This is the first move of new CEO Michael Corbat who replaced Vikram Pandit. Corbat was chosen by Chairman Michael O Neill who is well known to pare down non earning units.
Citigroup will shed 84 branches, much of them in USA, as it continues to focus on high growth areas. Most of the cut will be in the consumer banking sector.
What do you think of this planned job cuts by Citigroup?
Thursday, December 6, 2012
Green Innovation and tragedy of commons
The tragedy of commons is an example at Fifth Discipline by Peter Senge and by Fr. Jett Villarin, president of Ateneo at the Green Innovation held by AGSB last Dec 4 and 5, 2012.
The tragedy of commons is traced back to the graze land in Sahel South Africa way back in the l920s up to 1970 which saw steady growth in cattle population (wilderbeast?) There was unusual growth due to rainfall land new wells form intl aid organization in l965. And because of this, there was overgrazing. This started in the l960s which saw foliage being consumed by a large herd and inability to the graze land to grow fast enough. There was a series of drought that struck in the l960s and l970s
In the early 1970s, up to 80% of the herd was dead; and the once prosperous cattle ranchers was poor.
What do we do with free commons: air, sea, wind, water, trees
The precious commodities: oil, minerals, fish food, livestock?
Will there be enough for all in the future?
Will tragedy strike us all?
Peter Senge on system dynamics (tragedy of commons) vs localness
The tragedy of commons is traced back to the graze land in Sahel South Africa way back in the l920s up to 1970 which saw steady growth in cattle population (wilderbeast?) There was unusual growth due to rainfall land new wells form intl aid organization in l965. And because of this, there was overgrazing. This started in the l960s which saw foliage being consumed by a large herd and inability to the graze land to grow fast enough. There was a series of drought that struck in the l960s and l970s
In the early 1970s, up to 80% of the herd was dead; and the once prosperous cattle ranchers was poor.
What do we do with free commons: air, sea, wind, water, trees
The precious commodities: oil, minerals, fish food, livestock?
Will there be enough for all in the future?
Will tragedy strike us all?
Peter Senge on system dynamics (tragedy of commons) vs localness
Why being liked is overrated
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From: SmartBrief on Entrepreneurs <entrepreneurs@smartbrief.com>
Date: Wed, Dec 5, 2012 at 11:00 PM
Subject: Why being liked is overrated
SmartBrief on Entrepreneurs
December 5, 2012
http://r.smartbrief.com/resp/ebpeCexkBiCfhNjbCidndhCicNUUtV
TODAY'S HEADLINES
BOLD VENTURES
* Israeli startups stayed open under missile fire
LEADING THE PACK
* Is it time to abandon command-and-control organizational structures?
FINANCE & GROWTH
* Christian entrepreneurs keep the faith as they start up
* You have to connect to cash in with crowdfunding
* Common legal mistakes that could hurt your company
* 3 entrepreneurs' advice on how to hold on to your best employees
THE WHOLE ENTREPRENEUR
* Why being liked is overrated
* Infographic shows how entrepreneurs are using their mobile devices
IDEAS FOR INNOVATORS
* The importance of business-model innovation
FORTUNE FROM FAILURE
* How belief in limitless profit leads firms to make mistakes
FEATURED CONTENT
* How Predictive Analytics Can Revolutionize Sales
* 10 Ways to Get Your Fans to Leave Reviews
* Cold Calling is Out; Inbound Marketing is In
* How to Reduce Your Expenses and Free Up More Cash
* Want Viral Content? Focus on the Basics First
Follow the link below to read quick summaries of these stories and others.
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