Word: cheapness
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...consistent, it's repeatable, and it's predictable. Innovation is a failure and risk-management game. If you're running a good innovation strategy and process, you have way more failures than successes. So what you want to do is fail early and fail fast and fail cheap...
...potholes and a tight turn, and the wheels come off. Factories have been able to increase output in recent years because the global economy has been on a tear. The 2004-07 period saw the second strongest bout of global growth on record--which translated into strong demand for cheap Chinese-made products. But this era may be ending. Most economists are forecasting a significant slowdown in worldwide GDP growth in 2008. This slowdown, predicts Lehman Brothers economist Sun Ming-chun, will prove to be the "unmasking of [manufacturing] overcapacity in China." Says Li of the Asia Footwear Association...
Some are already starving. China's competitive advantage has been its armies of cheap workers, but that edge is getting dull. Labor costs have increased 50% in the past four years across southeastern provinces--an area of China sometimes called the "workshop of the world"--and a new labor law passed by Beijing will only add to the burden. Jonathan Anderson, an economist at UBS in Hong Kong, says factory owners in southern China believe the new law will drive labor costs an additional 10% to 25% higher. Among other provisions, the new law entitles laid-off workers...
...anymore. Artist Dash Snow’s 2005 installation, “This Was Your Life,” takes the events of Rakowitz’s life as inspiration and tries to recreate the East Village of yesteryear. The piece is an amalgamated portrait of junkie life: a cheap leather couch held up on cinder blocks, a fake plastic tree, snakeskin boots, and a framed news clipping detailing the aforementioned events. The Saatchi Gallery now features this installation (along with other works by Snow) and calls it “a portrait of a monster as a sad, pathetic...
...carry the first half of the movie but can’t quite do so with only weak jokes and puppy-dog looks in his arsenal. The only excitement in the beginning comes from a full-frontal nude scene, which might initially invite disapproval from the audience for its cheap comic appeal. However, the shockingly long duration of the, um, “scene,” redeems Segel by showing that he isn’t doing it just to make the audience laugh, but to make them as uncomfortable as possible. If you can endure the first half...