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Business

The elusive root of success

September 15, 2016

Many years ago I decided to undertake a small Artificial Intelligence project – a program to predict TattsLotto numbers.

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Strategy + Business

True leadership is not politically correct

August 17, 2016

Have you noticed that struggling retail businesses tend to change their senior executives frequently? Undoubtedly, every new appointment is made with the hope of finding a leader capable of turning the ship around.

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Perspective + Business

The forgotten people of the election

July 1, 2016

Despite the retail industry’s significant contribution to the Australian economy and its dire need for relief from misguided policy, it is constantly ignored by all sides of politics.

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Perspective + Technology

Retail IT: beyond insanity

June 23, 2016

Pressure can make people, and retailers, do strange things. Take for example Walmart in the US. This immensely successful retail giant was feeling some heat from competitors in the online side of the retail market last year.

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Perspective + Business

Dire fate of the independents

June 7, 2016

On 31 May 2016, The Australian Financial Review wrote about Aldi’s rapid expansion in Australia. Aldi is now the most profitable supermarket retailer in Australia, with EBIT at 6% against 4.6% reported by Coles, and 5.4 reported by Woolworths.

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Perspective + Business

Low interest rates & structural sclerosis

May 3, 2016

Most of us have an interest in interest rates, one way or the other. For example, the current record low rates, negative in some countries, mean that those with mortgages and other loans rejoice while those who live off their investments don’t fare as well.

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Strategy + Efficiency

Retailers: check your sources

April 15, 2016

When I studied engineering, one of the most embarrassing mistakes an aspiring engineer could make was to derive a dimension from the wrong ‘base’.

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Strategy + Business

Numerical fata morgana

April 13, 2016

Many years ago an article was published in the UK lamenting the dismal state of primary education in Great Britain. The key premise of the article: half of the students had below average reading skills.

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Strategy + Technology

Teaching professors to code

April 11, 2016

A new industry is emerging solely to repair the amateurish, yet often commercially useful software, routinely produced by academics. The phenomenon has become so widespread that it caught the attention of The Economist.

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