Business and finance
Business on the inside (an Orange is the New Black guide to getting ahead)
1 July 2015 by Catherine Holdsworth in Business and finance, Entertainment
I am hoping by now that fans of the fantastic Netflix series, Orange is the New Black are all caught up with season three and now regretting that five-hour binge last Saturday so that they could drag out the magic just a bit longer. That’s the problem with instant streaming, it’s like crack, we can’t help ourselves and before we know it, we’re left waiting eleven months for the new series.
So Litchfield is evolving and we have learnt that it is still no fun being on the Inside. Favourite Nikki learnt to her peril that going into business with the guards will only end badly for half of the partnership (hint: not the one on the government payroll). Our hearts were simultaneously broken when we realised that we were so desperate for the fairy tale of John Bennett and Daya to work out (even though we knew it was never going to happen). And who’d have though back in season one that Pensatucky would turn out to be the favourite?!
So now that we’re on the comedown, we’ve had time to think about the lessons that we can take from the Litchfield crew. Piper, though arguably the most boring character on the show despite being the centre point, really came into her own in season 3. Hardened by months in prison, too many (we’ve lost count) breakups with Alex and Larry and learning that the love of your life ‘dobbed you in’ is enough to turn even the most optimistic of people against the world. Piper is now top dog of the prison contraband but, when in seasons 1 and 2 things were being smuggled into the prison (by Red and then Vee) now Piper has come up with a genius plan to bring the business of Litchfield to the outside world.
I won’t give you all the gory details of her business model but essentially, she uses extra fabric from her sewing job to make knickers for the girls to wear and then sell to creepy men on the outside who are into ‘that kind of thing’. It turns out that there are quite a few men who love women’s unwashed underwear (in the world of Orange is the New Black, at any rate) and so Piper’s business is booming. However, as with any illegal set-up, there are issues, how will she get the contraband out of the prison? (befriend the vulnerable boy-guard) how will she convince the ladies to participate? (offer them food as a reward – they’re not dogs, Piper!).
Nevertheless, in a prison, there’s a fair few crafty criminals afoot and it isn’t long until they realise that Piper is making a killing from her business while they, the workers, are getting the flavouring from a pot noodle. It isn’t long before workers’ rights are on the agenda. But prison isn’t like the outside world and Piper, keen to stay ahead of the game and in charge fired Flaca but ensures that the girls will be paid. There are less-than-subtle references to The Godfather as Piper tells Flaca that she is the Luca Brasi of the group.
Piper’s rise to ‘Godfather’ of Litchfield status was definitely not what we saw coming when she walked into the prison two seasons ago. After her very long and poetic business proposition, she now calls the shots and it is her that the prisoners go to when they need something.
So we’re not advising that you go get yourself arrested and then become leader of the gang in a prison, but what business lessons can we take from this? Firstly, always have your wits about you. When you’re at the top of the food chain, so to speak, there will always be those who will seek to usurp your power (take note, Cersei Lannister). After getting a (not very cool) prison tattoo that read ‘trust no bitch’ from new girlfriend Stella, Piper should have taken the hint rather than let Stella take all of her money. However, it was Stella who paid the heavy price and followed Nikki to maximum security after Piper set her up for a fall.
We have learnt from Piper’s backstory that she has spent lots of time with drug lords and so is wise as to how to deal with those who betray her trust. Though she is not dealing in heroin, the underwear might as well be Class A drugs. Piper’s instinct for business has been formed from a business model that is more than likely going to land you in jail.
But what we can take from Piper’s story is her entrepreneurial spirit. Even in prison she is taking full advantage of her position and exploiting the gaps in the system that have allowed her business to flourish. So no, please don’t sell your used knickers on the black market, but look for opportunity even in the most dire of situations. If Piper can make loads of ‘dollar’ behind bars, imagine what you could do with a great idea, enthusiasm and a small start-up company.
We at Infinite Ideas love popular culture and we love business. What’s that, we hear you say? Why not fuse the two into a gripping read? We already did! If you, like us are not only suffering from the long wait for season of Orange is the New Black but also season 6 of Game of Thrones, why not read our book, Game of Thrones on Business and take some interesting lessons from the Seven Kingdoms right into that next meeting with HR!
The winners and losers of the Game of Thrones Finale
16 June 2015 by Catherine Holdsworth in Business and finance, Entertainment, Game of Thrones on Business
WARNING SPOILERS
You may remember that a while ago we asked what Jon Snow knew about office politics. As Tim Philips and Rebecca Clare suggest in Game of Thrones on Business, it does not always pay to be a clever little twat. Yes, Jon was a great leader and showed much promise as Lord Commander of the Night’s Watch. He has an excellent knowledge of tactics and strategy that he was taught as a child from his father Ned. However, not everyone enjoys the young know-it-all usurping their power. Last night Jon learnt the hard way that burning your bridges and leading without getting your subordinates on board can lead to mutiny. Now I’m not suggesting that in a business context you will be stabbed to death and left to die in the snow (Snow!) but be wary of how you rise up the ranks, those you pass on the way may seek to bring you down any chance you get. We in the Infinite Ideas office, however, are not planning any sort of mutiny.
So Jon Snow was a loser in last night’s finale. I have heard many fan theories about how not all may be lost but I’m not going to get my hopes up. I do have 42 weeks to grieve until the next series will be aired but I’m not really sure if I want to go through all that again. Why does George Martin hate the Starks? Ned we sort-of understood and Robb hurt a lot but nothing is comparing to how we feel about Jon.
Another loser in last night’s finale was Cersei. She may have escaped with her life but her dignity has certainly been sacrificed. She may find it difficult to come back to her old ways after having paraded through the streets to the tune of ‘shame’. We’re not massively fond of Cersei but we do think that her punishment was a little severe. Perhaps death would have been kinder to her? Cersei needs to be in control, she likes being at the top of the food chain and has been pulling the strings of her puppet kings for a long time now. Next season will prove very interesting for Cersei, with Myrcella now dead, her power is slipping.
Let’s be honest, the finale was never going to end well for Stannis. When you put your trust in a red witch who tells you that burning your daughter at the stake is a good idea, things are rarely going to come up roses. Arguably, Stannis had little option but to charge on Winterfell, but his poor battle strategy and depleted army meant that there was little other option for him but to fail. Yes, we would have loved to see Ramsay impaled on a very long lance, but it wasn’t to be. However, I think that after episode nine, I preferred Ramsay anyway (never thought I would say that!).
Nevertheless, not all of the finale was filled with grief and sorrow. Our first winner is Samwell. What a lad. Sam has been very lucky this season, and indeed in the whole show, having killed a White Walker Sam was almost killed by his Night’s Watch colleagues but survived thanks to Gilly’s intuition. So now he’s managed to negotiate a nice little homestead for his girlfriend and baby and escaped Castle Black before all hell broke loose. I would love to think that if Sam was there Jon would have survived, but most likely Sam would have been killed too.
We’re thrilled to say that Jorah was definitely a winner this series though, shockingly, I would have rather seen him die a noble death last night than lovely Jon. Jorah ended season 4 on a bit of a low point having been exiled from Meereen and all hope for a happy future seemed lost. Now I’m not saying that season 5 has been an easy ride for him, we still need to know how he is going to fare having been touched by the stone men but he is now back in favour with Daenerys and in the small council with Daario and Tyrion. Yes, perhaps he should have been less clingy, but without his intuition Daenerys might not have made it to the finale.
There are some lingering questions like, where is Gendry? Is he still floating in the sea? Did he drown or did he wash up on an island somewhere and is now enjoying a carefree life away from House rivalries? Where is Bran? Yes, his storyline is incredibly dull but I miss Hodor and also, isn’t Bran supposed to play a big part in the battle to come? Is Jaqen H’ghar good or bad? Poor Arya really had a tough time of it, but I’m sure she’s strong enough to overcome her blindness. Did Sansa survive? I’m sure she did but I cannot forgive Reek/Theon, it’s a case of too little too late.
If you can’t wait until season 6 airs, perhaps you should take some career tips from the Seven Kingdoms and try and progress up that corporate ladder.
Daenerys takes flight (season 5, episode 9)
9 June 2015 by Catherine Holdsworth in Business and finance, Entertainment, Game of Thrones on Business
WARNING SPOILERS
Usually with episode nine, Game of Thrones likes to throw us a curve-ball, think Red Wedding or Ned’s death. However, given the mastery of last week’s episode, the writers were hard-pressed to come up with something as shocking and exciting as the final twenty minutes north of the wall.
I would say that the first half of last night’s episode was just terrible. Not in a badly-made kind of way but in a what-the-hell-are-you-doing-Stannis kind of way. Can someone please tell me why his daughter had to burn to death? The Red Witch certainly has a lot to answer for and she proved last night that she is more influential and dangerous than Stannis hopes to be. I would say that after last night’s performance we learnt that Stannis is now the least attractive man in the show and that Sansa should look on the bright side, I doubt that Ramsay has plans to burn her at the stake any time soon. Stannis’ actions, aside from being wholly abhorrent and disgusting, show him to be a leader that is easily influenced by his subordinates, who cannot think tactically or effectively and does not take advice easily. Melisandre is too powerful, she is the real driving force behind Stannis’ army and the North is in danger of being ruled by her, a woman with no legitimate claim to the Iron Throne and poor Shireen will have died for Melisandre’s sport.
We also learnt last night that it is now snowing a lot in the North, either that or Jon needs a good wash with some Head and Shoulders. Though Jon and the Wildlings managed to make it to Castle Black, not even Sam’s optimism was enough to make Jon crack a smile or forget that the worst is still to come. We may not have seen any White Walkers last night but their presence was not forgotten. Jon needs help and quickly. They are coming.
So where will the help come from, you ask? After the highly upsetting first half of the episode, the second half was much more enjoyable. I’m sure that Arya will get some use out of Needle before the series is ended, after heading to Braavos she seems to have had very little to do in the way of blood lust and she hasn’t been able to cross any more names off her list. However, it wasn’t Arya’s oysters that got us all excited. Over in Meereen, it wasn’t just wonderful Jorah who proved himself worthy in the fighting pit.
After almost five series of showing her potential, Daenerys finally proved that she is worthy of taking back the Iron Throne. After a nail-biting fight in the pit, we think (and desperately hope) that Jorah is now not only accepted back into the Queen’s council, but heading out of the Friend Zone. We knew that he would win, his time is not yet up. However, after a spectacular hijack by the Sons of the Harpy it looks like it is time for Daenerys to finally leave Meereen. Now, I haven’t read the books so I am unfamiliar with the backstories of many of the characters, as well as missing out on key details, nevertheless, when Daenerys mounted Drogon for the first time and flew out of the arena, I was aware that this was a game-changing moment in the series. She finally took flight, both physically and metaphorically. If the look on Tyrion’s face was anything to go by, this is the woman to follow, this is the true heir to the Iron Throne. Now, while Drogon was great fighting off all those Harpies, he is really needed back over in Westeros, at the Wall. We’re not sure quite yet what part the Dragons have to play in the story, nor how or even when all the characters will meet, but it seems critical that Daenerys and Jon finally team up. For what can undo ice if not fire?
So we have one episode to go before we have to wait another year for season 6. We have come further than the books and now all the fans are in unexplored territory. Our key predictions for episode 10: Cersei’s time is up, she has lived at the top too long and made too many enemies to come back from her current predicament. I don’t see her getting out of it unscathed. Where is Bran? Will he finally make an appearance and contribute something to Jon’s fight? I’d like to see more of Brienne and Pod, what part will they play in the clash between Stannis and House Bolton. Honestly, I really don’t know who I would rather win that fight, they’re both pretty bad people. There are too many good/bad wars going on, but we’re sure that the finale will be as gripping as ever. We would like Jon, Daenerys and Jorah to stay alive please and thank you!
FIFA’s corruption scandal shows capitalism is in crisis
4 June 2015 by Catherine Holdsworth in Business and finance, Current events, Football Business, Nine visions of capitalism
Suggestions of corruption at FIFA are nothing new. It’s been well known for years that millions of dollars have changed hands between the mighty football organisation and sponsors, governments and powerful individuals. However, it’s always been something that was known about but not spoken of, the inevitable side effect of having such a large and influential organisation at the heart of the world’s most popular game.
Now, with the arrests of several FIFA execs and the resignation of Sepp Blatter, it is apparent that even the mightiest corporations can fall. FIFA has, in the minds of many, been associated with enormous wealth, lucrative sponsorship deals and a popular game. But if it emerges that FIFA has given the World Cup to countries that may not be able to sustain it accusations that there has been too much emphasis on the profit of football rather than the game itself may start to ring true.
‘It’s only a game’ they say, but it’s been a game of cat and mouse for the FBI, Swiss investigators and the alleged wrongdoers at FIFA. It was astonishing to many of us that after the arrests that Blatter was once again elected as the FIFA president. Finally, those accused of corruption must answer for their actions and if found guilty take responsibility for running the game in the interests of the highest bidder.
Nobody in England is in doubt that this country was robbed of the 2018 World Cup in favour of ‘corrupt’ Russia, but we may not be the most unbiased arbiters here. It seemed ridiculous at the time, when the UK is already host to stadiums with large capacities and football teams known about and supported the world over. To the casual English observer (and many less biased onlookers) it appeared that the home of Manchester United, Chelsea and Arsenal had been robbed of the chance to bring football ‘home’ simply because Russia could pay more.
However, one must now begin to question not only the morals of bowing to corruption and power, but also the human cost that comes from it. The 2022 World Cup was assigned to Qatar, a country that is far too hot to host a summer football event and one that is in no way equipped for a sporting event on such a grand scale. Tourists will descend on Qatar, demanding alcohol in a dry state, and proving to the world that football hooligans and Qatar perhaps are best kept apart. That is not the worst of it, though. It emerged that last year, a construction worker died every other day on the building sites in Qatar. How has FIFA been able to ignore this unimaginable failure of humanity?
Whether those arrested are found guilty is still to be decided, but one hopes that FIFA can be reformed. If nothing else the revelations of potential corruption suggest that FIFA’s internal workings are extremely old fashioned and display to the world the worst face of capitalism. But FIFA is far from the only big organisation out there that needs to be reformed. The Anglo-American form of capitalism may have had its day if recent banking and other corruption scandals are anything to go by. Once Blatter has left, the organisation must ensure that it takes steps to distance itself from its past. One way of doing this might be to embrace a new approach to business where benefits besides financial gain are given weighting in the decision-making process and where the wealth of the football community at large is prioritised ahead of the profits of a few very rich investors. Capitalism the way we know it almost inevitably leads to the few profiting at the expense of the many, but it doesn’t have to be this way as smaller movements around the globe, such as crowdfunding, the Conscious Capitalism movement and the Cambridge Phenomenon are proving. Big businesses the world over can learn valuable lessons from such organisations.
Winter is coming and you’d better be ready (season 5, episode 8)
2 June 2015 by Catherine Holdsworth in Business and finance, Entertainment, Game of Thrones on Business
WARNING SPOILERS
I hope you’ve all come out from behind the sofa after last night’s incredible episode of Game of Thrones. Picture the scene: I usually watch Game of Thrones with my housemates on a Monday night, with a cup of tea and some lovely chat. Last night I watched it alone, I felt a bit like Jon Snow. Nobody should have watched that episode alone.
There’s nothing like an episode of The Walking Dead, er, I mean Game of Thrones to make you feel prepared. Since season one we have been told that ‘Winter is coming’ and, yes Ned, we get it, but in this latest episode, we finally got a taste of what it will be like when winter is actually here. We can learn several lessons from being prepared, the Stark motto teaches us that we should always be ready should the worst happen (…perhaps Robb should have suspected that something was afoot at the Red Wedding).
With only two episodes left in this season, last night really set the ball rolling for what promises to be another nail-biting finale. The message of episode eight was that alliances are essential to survival. We finally got to see Daenerys and Tyrion discussing tactics together, it felt like that scene was what we had been waiting for for five seasons. And after having watched the trailer several times, hearing Daenerys finally declare, ‘I’m not going to stop the wheel, I’m going to break the wheel’ was just too exciting. However, Tyrion is the angel on her shoulder, offering her not just advice, but a reality check. Who is she going to rely on for allies when she finally mounts an assault on King’s Landing? Yes, she may have a legitimate claim to the throne, but there are several others who also believe this. I won’t lie, my heart broke somewhat when my love, Jorah was banished AGAIN from Meereen, can that guy not catch a break? Nevertheless, in the cut-throat business world of Game of Thrones and arguably the Square Mile, knowing your strategy and who you can trust is essential if you’re going to be successful climbing that corporate ladder. The alliance between Daenerys and Tyrion is one of equal minds and equal nobility but Jon Snow’s alliance with the Wildlings was one of necessity and desperation.
I think you’ll agree that Jon’s meeting with the Wildlings escalated quickly. Never was an exodus more hurried or needed than in the final twenty minutes of the episode. Perhaps Jon should have left some of the Dragon Glass back at Castle Black with Sam because now all he has to fight the White Walkers is his magic Valyrian steel sword (who saw that coming) which is great but not everyone has one of those. In what was possibly the best sequence of Game of Thrones so far, Jon proved himself not only as a worthy Lord Commander of the Night’s Watch, as someone who understands the need for diplomacy and negotiations but also as a leader on the battle field, scrambling together an effective defence when it looked like there was no chance. The name of Snow marked Jon as an outsider from the beginning, forcing him to the Wall and cutting off many opportunities that he would have had if his birth had been legitimate. However, Jon’s strength of character has on many occasions throughout the series enabled him to rise above his illegitimacy and prove himself as a worthy son of Ned Stark and a leader capable of leading much more than the Night’s Watch.
In the past seasons, the tipping point has come in episode nine, so I will make sure that I am not alone to watch that one. Though we’re sure that Jon and Daenerys are more than capable of making their own strategies, they might do well to read Game of Thrones on Business, which could offer some helpful tips when winter is here.
On the Total Irrelevance of electoral politics to the UK’s economy and its problems
29 May 2015 by Catherine Holdsworth in Business and finance, Current events, Nine visions of capitalism
By Charles Hampden-Turner, author of Nine visions of capitalism along with Fons Trompenaars and Tom Cummings.
Huge amounts of energy, shouting, amateur dramatics, exaggeration, triumphalism, disastrous disappointment, were featured in the recent election. Reputations were made and shattered, decent people demolished, hopes raised and dashed. Democratic politics substitutes verbal jousting for physical force and that is to the good. Many nations still kill each other. But the verbal fisticuffs need to be relevant to real problems facing the nation and they are not. We need to argue about ideas that might make the economy grow and such ideas are nowhere to be seen. Of course governments take credit for any economic rise and avoid blame for any economic fall, but the truth is that they have not a clue about what to do and recipes are mostly debating points and not solutions. They resemble a man waving his fingers over the keyboard of a player piano where the tune has been punched upon a scroll by unseen hands.
The UK is going to slip ever further behind economically and politicians will continue to turn our milk sour unless they start to face the reality of sagging productivity, chronic under-investment, de-industrialization, the decline of the working class, the stagnation of wages, ever-climbing inequality, growing child poverty and mounting debt, to mention but a few. The “choices” we are asked to make, between more or less government, more of less power of employers over their employees, the extent to which those on welfare should pay for the banking crisis, whether the rich should be further taxed and whether we should exit Europe, has almost nothing to do improving the economy or improving its functions. Politicians are not simply helpless in the face of our economic decline they are part of the problem.
Business is not an adversarial process it is a process of agreement, co-creation, engagement, innovation and forming relationships that generate wealth, so all parties have more money than they began with. There would be no companies if it paid to scratch each other’s eyes out rather than cooperate. We create surplus value through mutual comprehension of each other’s needs and from making provision. Yet politicians trap up is their world of Either/Or, More/Less, Victory/Defeat. Left/Right, Government/Private Enterprise and First-past-the-post or Resign in disgrace.
But of course government is not the enemy of free enterprise, but its impresario, its coach and its cheer-leader. The contracts it offers play a crucial role. Instead of giving ever more power to employers to subdue employees why not favour companies that empower their people? Why not demonstrate that paying people more raises their productivity so that both employee and employer win? There are companies, not many but some, whose employees are engaged, who repay their employers generosity in spades, who have made their work-place meaningful, memorable, innovative and exciting. Why not celebrate these? Why not have them teach us? What does Rolls Royce have that most other industries lack?
We are being overtaken at frightening speed by countries who believe in cooperation rather than conflict, mutual understanding rather than insults, who engage minority views rather than out-voting these, disempowering them and inviting them to oppose. The language of adversarial jousts is antithetical to the growth of enterprise. The crowd out there funds you, it does not howl you down. What can we do about this?
One possible remedy is to take certain issues out of political discourse and create bi-partisan support for them. All politicians need the economy to grow, to create, to innovate, to prosper and for employees to be well not poorly managed. Several Parliamentary Committees have reached common understanding of why manufacturing is important, how supply chains are better managed, how environmental concerns can be turned to profit, how industry around universities like Cambridge can flourish, why on-the-job training and apprenticeships are so important, how women might be more fairly treated, why and how crowd-funding could take off.
These committees meet privately in many cases so they do not need to show off or substitute ideology for thought, or undermine opponents. They are inquiring into matters all of us desire but find hard to generate. Their detailed and agreed recommendations should be above politics. Something that will work because people with diverse views have agreed on them and can bring their workers or their managers to the table to work together.
What about honouring the trade union whose cooperation has contributed most to higher productivity and wealth sharing? What about getting Google to explain how giving employees 20% of their time to follow their own devices, actually increases innovation and that more emerges from that free time than from managed time? Why not fete those who develop free internet products and seek to give gifts to the on-line community? Why do we not thank them publicly? Why are they more creative than paid help? What does this mean for the huge bribes we pay failing bankers? If politicians would start to think and forge cross-party policies we might start to admire them! They might disgust us less.
To find out more about Charles Hampden-Turner and Fons Tromenaars, and their company, please click here.
