Detroit

Summer Reading List, Detroit, Alibaba v. Tencent, Robot Belt

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Summer Reading List, Detroit, Alibaba v. Tencent, Robot Belt 

The Weekly | Brigadoon
June 24, 2018
Curation and commentary from Marc A. Ross

Reporting from Alexandria, Virginia

The Weekly  = Enterprise + Culture + Sport + Policy

Brigadoon is Education + Events + Engagement for Entrepreneurs and Thought Leaders.

Subscribe here: http://thebrigadoon.com/subscribe/


ROSS RANT

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Detroit has long been at the forefront of innovation and responsible capitalism

Detroit has been at the cutting edge of engineering and manufacturing innovation for over 100 years. In 1903, Henry Ford famously founded the Ford Motor Company and made exceptional use of the assembly line, unlike anything the world had seen before. In addition to other automotive pioneers such as William Durant, the Dodge Brothers, Henry Joy, and Walter Chrysler, Detroit was established as the clear global automotive capital. The growth of the auto industry was felt far beyond Detroit. Businesses around the nation created garages to service vehicles and gas stations to fuel up cars, as well as the building numerous factories to make auto parts, glass windows, and rubber tires. Furthermore, this multi-state, multi-plant ecosystem was a precursor to the complex global supply chains that we all benefit from today. Without the innovations created in Detroit over a century ago, raw commodity products sourced anywhere in the world could not be efficiently designed into user-friendly jackets, automobiles, smartphones, or jumbo-jets. It is not a stretch to say without Detroit our modern wouldn’t exist and wouldn’t be as efficient.

With Detroit’s success as an innovate engineering and manufacturing city, companies were able to take advantage of their economic windfalls and be responsible capitalists. In 1914, Ford announced that it would pay its factory workers a minimum wage of $5 per eight-hour day. The news shocked many in the auto industry as $5 per day was nearly double what the average auto worker made. In 1926 the company went a step further, as the company adopted a five-day, 40-hour work week for workers in its automotive factories. Henry Ford said of the decision: “It is high time to rid ourselves of the notion that leisure for workmen is either ‘lost time’ or a class privilege.” Both moves were brilliant management as productivity immediately boosted. These two steps of fair wages and more time off have become ubiquitous globally and now impact every sector of the economy.

As the fourth-largest city in the American Midwest and the largest city on the United States–Canada border, Detroit is positioned well for the future. As a standalone economy, Detroit’s economy is more extensive than Chile and would easily be one of the world’s largest economies.

Today there are over 100 technology startups who call Detroit home. As Recode reports, in 2014, for the first time, there was more venture capital activity in Detroit than Ann Arbor, home of the University of Michigan. According to national education data analyzed by Anderson Economic Group, 10,000 STEM degrees are awarded annually around the Detroit region, which is more than Silicon Valley and nearly 15 percent of Metro Detroit jobs are already in technology.

The city of Detroit is built to succeed in the new post-employment environment because of the city’s history of maximizing cultures and geography as well as building upon its innovation and responsible capitalism leadership.

It is not a stretch to say without Detroit our modern world wouldn’t exist and wouldn’t be as efficient. So the next time someone tells you Detroit isn’t working, say Detroit is succeeding and impacting their life positively daily.

Also, look back to the Detroit flag and note the two Latin mottos. One which reads Speramus Meliora and the other Resurget Cineribus, meaning “We hope for better things” and “It will rise from the ashes.”

With these mottos powering the city, I believe Detroit is well positioned to resume its claim as one of the world’s great cities. No one should underestimate the energy and the drive which has been unleashed just four years after declaring bankruptcy. Not only is this remarkable, but Detroit should be inspiring to other cities who can see a path on how to adjust to new global competitive challenges and opportunities.

I owe a lot to the city of Detroit. It is my birthplace and it is the city I call home.

It provided employment for my grandfathers so they could build a better life for me generations later.

It is gritty. It is sprawled. It is down. It is up. It is bold.

Detroit is entering a new stage of passion and growth to support future generations

-Marc A. Ross

Marc A. Ross is the founder of Brigadoon and specializes in developing winning communications, content, connections, and commerce for entrepreneurs and thought leaders. 

READING LIST

Here's your summer reading list: 21 suggestions from the Brigadoon community

Shakespeare, Jesus, Gucci, Marco Polo, and Mao to name a few of the subjects suggested.

Happy reading.

1. Will in the World: How Shakespeare Became Shakespeare - Stephen Greenblatt

2. Zealot: The Life and Times of Jesus of Nazareth - Reza Aslan

3. Clashing Over Commerce: A History of US Trade Policy - Douglas Irwin

4. Talking to the Dead: A Novel Paperback – Harry Bingham

5. In the Name of Gucci: A Memoir Hardcover – Patricia Gucci

6. Thinking, Fast and Slow - Daniel Kahneman

7. Enlightenment Now - Steven Pinker

8. Off the Clock: Feel Less Busy While Getting More Done Hardcover – Laura Vanderkam

9. The Ambition Decisions: What Women Know About Work, Family, and the Path to Building a Life - Hana Schank and Elizabeth Wallace

10. Seven Brief Lessons on Physics - Carlo Rovelli

11. Word by Word: The Secret Life of Dictionaries - Kory Stamper

12. Never Lose A Customer Again - Joey Coleman

13. The Richest Man in Babylon - George Samuel Clason

14. The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life - Mark Manson

15. Against the Gods: The Remarkable Story of Risk - Peter L. Bernstein

16. The Gulag Archipelago, 1918-1956: An Experiment in Literary Investigation - Aleksandr I. Solzhenitsyn

17. The Archipelago: Italy Since 1945 - John Foot

18. Antifragile - Nassim Nicholas Taleb

19. The Return of Marco Polo's World: War, Strategy, and American Interests in the Twenty-first Century - Robert D. Kaplan

20. A World Lit Only by Fire: The Medieval Mind and the Renaissance: Portrait of an Age – William Manchester

21. Mao's Great Famine: The History of China's Most Devastating Catastrophe, 1958-1962 – Frank Dikötter

FIVE ARTICLES TO READ

Alibaba v. Tencent: The battle for supremacy in China: Jack Ma of Alibaba and Pony Ma of Tencent have built tech titans that dominate China's digital economy. Is the world big enough for both of them? https://for.tn/2yvf0k2

Take a look at him now: The many lives of Phil Collins: After an extended hiatus that found him becoming more beloved, the crown prince of middle-of-the-road Top 40 has embarked on a farewell tour. Should he be celebrated as a pop icon or vilified as a grouchy opportunist? http://bit.ly/2lkePyr

Looking for the best links in Scotland? This man played 111 rounds: In A Course Called Scotland, Tom Coyne goes on a two-month-long adventure and comes to grips with a game that’s less than perfect. https://bloom.bg/2lrUc3j

From rust belt to robot belt: Turning AI into jobs in the US heartland: Artificial intelligence is offering an amazing opportunity to increase prosperity, but whether or not we will seize it is our choice. http://bit.ly/2lktc5P

How Europe’s opera houses won over millennials: With an escape game and networking events, La Scala and the Paris Opera are attracting under-30 audiences https://on.wsj.com/2ymUp1b

BRIGADOON EVENTS

Brigadoon Annapolis | Salon Dinner + Lectures = September 20-21, 2018

Brigadoon Detroit | Salon Dinner = October 11, 2018

Brigadoon Cincinnati | Salon Dinner = November 1, 2018

Brigadoon Scotland 2018 = November 11-13, 2018

Brigadoon Sundance 2019 = February 24-26, 2019

More details and ticket information @ thebrigadoon.com

PRODUCTIVITY

@HarvardBiz: You might do your best strategic thinking while taking a short walk

Michael E. Porter+ Nitin Nohria: How CEOs manage timehttp://bit.ly/2tqtz2s

Where and how CEOs are involved determines what gets done. It signals priorities.

CEOs are always on, and there is always more to be done. The leaders in our study worked 9.7 hours per weekday, on average. They also conducted business on 79% of weekend days, putting in an average of 3.9 hours daily, and on 70% of vacation days, averaging 2.4 hours daily. 


Seth Godin: The two simple secrets to good ideas

Secret #1 is the biggest one: More bad ideas. The more bad ideas the better. If you work really hard on coming up with bad ideas, sooner or later, some good ideas are going to slip through. This is much easier than the opposite approach.

Secret #2 is more important: Generosity. It's much easier and more effective to come up with good ideas for someone else. Much easier to bring a posture of insight and care on behalf of someone else. It lets you off the hook, too.

TRENDS

European technology worker population growth, 2017:

Ireland: 5.3%
Netherlands: 4.6%
Germany: 4.2%
France: 3.6%
UK: 3.2%
Austria: 2.8%
Norway: 2.8%
Portugal: 2.7%

HT: The State of European Tech


Share of global car market, 2017:

Toyota: 9.2%
Volkswagen: 7.2%
Ford: 6.5%
Honda: 5.4%
Nissan: 5.4%
Hyundai: 4.7%
Chevrolet: 4.4%
Kia: 3%
Renault: 2.8%
Mercedes: 2.7%
Peugeot: 2.2%
BMW: 2.2%
Audi: 2%
Maruti: 1.7%
Mazda: 1.7%
Fiat: 1.7%
Suzuki: 1.6%
Buick: 1.5%
Jeep: 1.5%

HT @spectatorindex


US Census Bureau data:

- America is less white, getting older, and more urban.

- By 2035, Americans age 65 and older are forecast to outnumber kids for the first time.

- Over a million people have left New York since April 1, 2010.

- Columbus is now bigger than Cleveland.

- Phoenix-Mesa-Scottsdale, Arizona is the 11th largest metro area.

- California has the largest Hispanic population at 15.5 million.

- The Asian population, the fastest-growing racial group in the nation, increased 3.1 percent to 22.2 million

CEOs, Michael Cohen, AT&T, Annapolis, Detroit, Cincinnati, Elon Musk, Warren Buffett

The Weekly Brigadoon.png

CEOs, Michael Cohen, AT&T, Annapolis, Detroit, Cincinnati, Elon Musk, Warren Buffett

The Weekly | Brigadoon
May 13, 2018
Curation and commentary from Marc A. Ross

Reporting from Alexandria, Virginia

The Weekly  = Enterprise + Culture + Sport + Policy

Subscribe here: http://thebrigadoon.com/subscribe/


ROSS RANT


What CEOs need to learn from Michael Cohen and AT&T

One of my all-time favorite political campaign books is The Selling of the President.

Written by Joe McGinnis, the book covers the story of how Richard Nixon was repackaged and reshaped for the American public as a candidate for president in 1968. Eight years after Nixon’s losing presidential campaign and his lackluster television performance at the Nixon-Kennedy debate, he faced all the old image problems.

Nixon hired then 28-year old Roger Ailes to remake his image. An image that would win at the ballot box, and more importantly, on television. Ailes created television moments that made Nixon, not smart, not knowledgeable, but well-liked. Ailes created television moments that engaged numerous constituents on their terms.

1968 was no time for policy, it was a time for charismatic personality and shared values.

McGinnis’ book makes clear, presidential candidates can be rebranded and remarketed. Television does not expose and demystify the powerful. Instead, it makes personality stronger. Television ensures style is substance.

David Miller, of the legendary political consultancy Sawyer Miller, saw how television and mass communications would change not only candidates but commerce. He wrote in an article for the Yale School of Organization and Management that just like candidates, if done correctly, corporations could use the tools of television and campaign management to ensure market size and good paying consumers.

Miller wrote: “Corporations must recognize that it is now in their long-term self-interest to develop much more democratic relationships with all of their shareholders, community members, and the public at large.”

Miller foresaw how the corporate world was quickly resembling a politician’s world and how a politician relates to constituents. 

As information channels increase, multiply, focus on niches and distinct tastes and thoughts, corporations need to forge an emotional bond with their various constituents - just like a politician.

The only sensible and meaningful way to do is - establish a relationship and commercial transaction based on shared values.

Today’s masters of the universe CEO is poor decision away from disrupting a relationship based on shared values. Corporations can no longer control the flow of information and can lose control of the narrative within hours.

Corporations are under assault from government regulators, reporters, shareholders, and employees all demanding style that supersedes substance. 

CEOs today need to woo their customers, engage regulators, listen to shareholders, reinforce employees, and make their case daily. CEOs need to communicate more often, on more platforms, and more broadly. Sawyer believed CEOs needed to define themselves before someone else set them - just like a candidate who works like they are up for reelection daily.

As all significant institutions continue to lose sway and influence, the pressure on corporations and CEOs to fill this void increases daily.

For AT&T it wasn’t the paying for access, advice, and public affairs expertise which was a bad idea, it was that they paid an individual (Michael Cohen) who was out of step and not in line with the shared values of AT&T’s numerous constituents.

AT&T CEO Randall Stephenson said as much in a memo distributed to employees last week.

“Our reputation has been damaged,” Stephenson wrote. “There is no other way to say it—AT&T hiring Michael Cohen as a political consultant was a big mistake.”

Companies need to sell worthwhile goods and services - this for sure will continue to matter. But the transaction now has an emotional connection as well.

As pointed out in Edelman's 2018 Trust Barometer: "A good reputation may get me to try a product—but unless I come to trust the company behind the product, I will soon stop buying it, regardless of its reputation.

63% of those surveyed agreed with this statement.

The Edelman Trust Barometer provided a clear directive for today’s CEOs - building trust is job one.

Winning commerce of the future will happen when a company is trusted, provides high-quality services and products, and where business decisions reflect shared values.

AT&T hiring Michael Cohen is losing commerce.

It is not essential to much to be smart and knowledgeable, but it is necessary to be well-liked.

FIVE ARTICLES TO READ

HBR: A 40-year debate over corporate strategy gets revived by Elon Musk and Warren Buffett http://bit.ly/2I7MF7O

When Tesla CEO Elon Musk said that “moats are lame” during the company’s earnings call last week, he was calling out Warren Buffett, the chair of Berkshire Hathaway, who uses “moat” to describe barriers to imitation that stave off competition. “If your only defense against invading armies is a moat, you will not last long,” Musk continued. “What matters is the pace of innovation — that is the fundamental determinant of competitiveness.

‘We don’t take cash’: is this the future of money? Tougher for criminals, easier for hackers: what life is really like in a cashless society. https://on.ft.com/2I87s77

HBR: Having your smartphone nearby takes a toll on your thinking http://bit.ly/2IrQpQE

"In recent research, we investigated whether merely having one’s own smartphone nearby could influence cognitive abilities. In two lab experiments, nearly 800 people completed tasks designed to measure their cognitive capacity."

The 13 best Warren Buffett quotes from the Berkshire Hathaway meeting https://for.tn/2I407tm

One goal of Amazon’s HQ2: Learn the lessons of Seattle. Amazon has surprised officials in cities vying for the company’s new headquarters by asking how to avoid soaring housing costs and paralyzing traffic. https://nyti.ms/2HXTZTe 

BRIGADOON EVENTS

Brigadoon Annapolis | Salon Dinner + Lectures = September 20-21, 2018

Brigadoon Detroit | Salon Dinner = October 11, 2018

Brigadoon Cincinnati | Salon Dinner = November 1, 2018

Briagdoon Scotland 2018 = November 11-13, 2018

Brigadoon Sundance 2019 = February 24-26, 2019

More details and ticket information @ thebrigadoon.com

PRODUCTIVITY

“Bots won’t be better at being human, just as humans aren’t “better at” being chimpanzees.” -- Damien Patrick Williams, PhD researcher at Virginia Tech, on how robots will experience the world in a way completely different from humans. 

PODCAST

Adventures in Branding: Melanie Spring (Brigadoon Sundance 2018): Over the last 9 years, Melanie has been asked "Can I buy you a cup of coffee & pick your brain?" at least once a week. To celebrate her 9 year anniversary, she dumped 9 years worth of entrepreneurial experience into a 1-hour podcast episode.

Spectacular.

She covers why she started her business, when she hired her first employee, how many times she pivoted, why profitability matters, and understanding your core values.

She also provides her three top books to read for entrepreneurs - all of which I promptly ordered. 

It is a good and authentic session. You can listen here: http://bit.ly/2rFSkXt

SPORT

BBC: Wayne Rooney: Everton forward agrees 'deal in principle' to join MLS side DC United

FIFA pitches multibillion-dollar ‘Project Trophy’ to seven top clubs: NYT reports,  Representatives of seven of the world’s richest soccer teams, including Manchester United, Barcelona and Real Madrid, visited FIFA on Wednesday for a private meeting aimed at winning the clubs in the increasingly fractious battle to set up a new multibillion-dollar world club championship. The group also included the English champion Manchester City, Italy’s Juventus, France’s Paris Saint-Germain and the perennial German champion Bayern Munich. The seven clubs invited to the meeting had combined revenues of more than $4 billion in 2017, and they command a massive global fan base that would be critical to making FIFA’s secretive discussions about the new tournament, code-named “Project Trophy,” a success.

Formula One will attempt to hold a race in Miami next year.

A baseball season with too many awful teams: WSJ reports, only one club has had a 100-loss season in the past four years. This season, six teams are on pace for at least 100 losses.