This week’s links:
- Economist report on Innovation in Emerging Markets: “Developing countries are becoming hotbeds of business innovation in much the same way as Japan did from the 1950s onwards. They are coming up with new products and services that are dramatically cheaper than their Western equivalents: $3,000 cars, $300 computers and $30 mobile phones that provide nationwide service for just 2 cents a minute.”
- Weighing the Evidence on Exercise: from the New York Times Sunday Magazine. “The newest science suggests that exercise alone will not make you thin, but it may determine whether you stay thin, if you can achieve that state.”
- Key Business Metrics: by Fred Wilson. “Every business should have a set of metrics that it tracks on a regular basis. These metrics could include some of the accounting stuff we’ve been talking about like cash, revenues, profits, etc but it should not be limited to those kinds of metrics.”
- Organic Startup Ideas: by Paul Graham. “If you want to start a startup and don’t know yet what you’re going to do, I’d encourage you to focus initially on organic ideas. What’s missing or broken in your daily life? Sometimes if you just ask that question you’ll get immediate answers.”
- Smart Pricing: A Knowledge@Wharton interview with the book authors Jagmohan Raju and John Zhang. “We probably don’t even spend $1,000 thinking about how to price it. And if we don’t price it well, then where will the money be for developing the next new product or the next new idea?”
