Word: friction
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...Germany, Europe's two biggest markets, 6% of Internet users buy legal music online, while 5% engage in illegal file sharing. But illegal downloads are double the rate of legal ones in France, Sweden and Spain. And any technology as disruptive as digital music is bound to create some friction. Several labels, including EMI, want more flexible pricing online - oldies and tracks by emerging artists might sell at a discount, while big hits by established acts might be premium-priced. Apple, however, is reluctant to mess with what it sees as a winning formula. But Levy tells Time...
...losing Pixar, whose movies have grossed more than $3.2 billion at the box office worldwide. Its finance-and-distribution deal was set to expire after the release of Pixar's Cars this June. Even worse, the companies nearly split in a War of the Roses--style divorce as friction mounted between Jobs and Eisner over terms of a new partnership. That fracture helped ignite a shareholder revolt against Eisner. When Iger took over, one of his first calls was to Jobs...
...Trust matters. If the world habitually second-guesses authorities who are accountable, however inadequately, we may find ourselves ill-prepared to meet the huge challenges posed by globalization. "In periods of great economic and technological change, trust can reduce the political, social, economic and emotional friction that often locks systems and organizations solid," says John Elkington, founder of a nongovernmental organization called SustainAbility that focuses on corporate responsibility and sustainable development. Even NGOs are affected, Elkington notes. Groups such as Greenpeace and Amnesty International have led the attack against companies and governments, and a WEF poll shows that NGOs today...
...Bill the boss has the support of his family, which controls 40% of the company's voting shares, worth about $1.2 billion. If there is friction, it may lie in the rivalry between Ford and his cousin Edsel, the son of Henry II, who lost out in the race for the chairman's job after a lengthy competition. Edsel, who is chairman of the Salvation Army, has said he backs Bill. Edsel's wife Cynthia says, "It's frustrating that they talk about this 'thing' with Edsel because it couldn't be farther from the truth. The family totally supports...
Trust matters. If the world habitually distrusts authorities that are accountable, however inadequately, we may find ourselves ill prepared to meet the huge challenges posed by globalization. "In periods of great economic and technological change, trust can reduce the political, social, economic and emotional friction that often locks systems and organizations solid," says John Elkington, founder of a nongovernmental organization (NGO) called Sustain Ability that focuses on corporate responsibility and sustainable development. NGOs such as Greenpeace and Amnesty International have led the attack against companies and governments, and the World Economic Forum poll shows that NGOs today are the organizations...