Best of the Web: 11 June
The Side Effects of Open Innovation; Check Out This Amazing Video Showing How Far The Human Race Has Come ;Rulers of the new silk road
June 11, 2010 11:07 by Rasha Reslan
The side effects of open innovation
If you’re like me, a news story that begins by assuring us that a “paradigm shift” is afoot is an attention grabber. I love paradigm shifts for their optimism and their promise that, despite what can feel like perpetual bad news, things can always get better, be different.
“Open innovation” is a business trend that is grabbing the attention of corporate CEO’s from the likes of Procter & Gamble and General Mills. “Open” is a new way of looking at corporate environments, with an eye to opening the organization to ideas from outside, and seizing the value from these new ideas.
Open demands agile and energetic minds, who are not only open to new ways of doing things, but also active in seeking out improved ways of conducting business. Risk-takers fit into the open model nicely. It’s about being more accepting of experimentation and change, and also failure. Open says that failure is transformational, that it embodies immense opportunity for growth. And this is a broadly applicable way of looking at the world. It’s transforming business failures into learning experiences that pay off.
Check out this amazing video showing how far the human race has come
The world has become healthier and richer, says Dr. Hans Rosling, but the disparity between measures of quality of life throughout the world is still enormous. Watch as Professor Rosling, medical doctor and statistician analyzes the last 200 years of human history using his engaging “Gapminder graphics” – interactive, moving and colorful graphics that bring demographic data alive.
World Cup 2010: South Africa fans party in the streets of Johannesburg during a Bafana Bafana parade
From around the world, football fanatics descend on the South African capital to embrace all things football. Let the images of partying fans in the streets of Johannesburg get you ready for kickoff.
World Cup warning for sex tourists
It’s the oldest profession in the world, and women in the sex-trade industry in South Africa are gearing up for what they hope will be a big boon to business. But police in South Africa warn World Cup visitors that there will be no free passes for foreigners who break the law by using sex workers. Prostitution is illegal in the country, where HIV rates are among the highest in the world.
Rulers of the new silk road
Dubai International is the world’s third-busiest international airport, with more than 40 million people a year passing through its three terminals. With passenger growth rate of around 20 percent, “it will not be long before Dubai overtakes Heathrow,” the Economist says.
But just up the road, a $50 billion new airport construction is heating up, destined to be far and away the world’s biggest – with “five parallel runways and an annual passenger capacity of more than 160 million.”
The business end of the matter is to allocate assets between the old airport that must continue to grow, as construction on the new facility destines the old one for the auction block at some point in the future.
Add to that the Doha international airport, 200 miles from Dubai and scheduled to open within 18 months, and you have a situation where “within five or six years there will be more capacity at these three Gulf airports than there is now at Heathrow, Paris Charles de Gaulle and Frankfurt combined..”
Can we chalk it all up to vanity, or is this the concrete and steel evidence of a fundamental shift in global aviation power, the Economist asks.