The other day I was asked an intriguing question by Dan Baker of B/OSS World and the RA Roundtable: what if a large telco was organized into a thousand business units? Dan was pondering the unique management strategy of Zhang Ruimin, boss of the $20 billion Haier Group. The more I thought about it, the more I wondered if it might address lots of the inherent weaknesses of telcos. To find out more about Zhang Ruimin’s approach to management, and my thoughts on what impact they would have in telecoms, look here.
Archive for July, 2011
Look here for an interesting interview of Simon Collins and Sergio Silvestre by Alex Leslie. The WeDo duo talked about the fraud and RA challenges posed by machine-to-machine (M2M) communications, and near field communications (NFC). Their main thrust was that businesses will need to think differently in order to manage the risks, as was highlighted by Collins with this story:
Recently I wrote about how peer-to-peer internet currency Bitcoin could emerge as a long-term threat to mobile banking and money transfer services. Since then I found this article in Time magazine which asks if Bitcoin might eventually rival the US Dollar and other government-backed currencies! The arguments are intriguing, though far from conclusive. Howver, it is worth taking a look at some of the well-informed comments from Time readers. There are people with both the tech saavy and the economic nous to see the benefits of such an independent P2P currency – and why it is a threat to various business models, including some of those being touted by telcos. For example:
They say that the best kind of advertising is a personal recommendation from a friend. If these comments represent a large enough group of genuine advocates, then Bitcoin really could become a serious rival to other kinds of money transfer… thanks to the pervasiveness of the internet.