Category Archives: Business

MedTech Innovations Now and Beyond

Artificial Intelligence Meets Radiology

Artificial Narrow Intelligence is becoming a thing of its own with natural language processing also emerging as tools in healthcare. While IBM Watson is largely a marketing property, other healthcare giants are putting a real stake in AI. And coming up with semi-workable technologies. Note that AI is plateauing at the moment. Some sunspots include a company called Arterys which has developed a deep learning algo for radiology. Knowing folks in the radiology field myself, I would say that this could augment their scale-ability IF they as radiologists embrace and trust the algo to search effective. There will be push back of course, especially if the technology is cumbersome, requires a login, has a poor quality interface, the usual guaranteed problems. The iPad of the 90s WAS the PalmPilot so execution is essential for Arterys.

Cyber Pills Make the Fantastic Voyage

Nanotechnology is allowing for digestable computers to enter the body orally. The US Food and Drug Administration has approved the very first pill of this kind last year. The pill is called Abilify MyCite joining the ranks of pills with totally goofy pharma names. How about Track-O-Matic. Hmmm, maybe not… This pill has sensors that communicate with a wearable patch to confirm that the drug in the pill has been taken. That information is relayed to a smartphone for the forgetful patient or the family or team of clinicians taking care of the patient. In the event of a court order for, say, a man who is required to take medication as part of his or her sentencing, this sensor in a pill might come in handy. 

Medical ChatBots Are A Thing, Sort Of

AI chatbots like in the struggling Kik App are pretty terrible at the moment. In the next 5 years there might be more messaging capability but I would not recommend talking with a chatbot about your feelings just yet. The benefits of an effective chatbot with Artificial Narrow Intelligence is to engage people in need of a human therapist and can direct them accordingly. A company called Ada Health is providing this service in Europe as of 2017. It’s been tested by over 1.75 million people. Meanwhile in the UK, the National Health Service is using a chatbot app for providing medical advice thus drawing down the on call nurses. However, I can tell you that having a conversation with a real nurse over the phone when you’re having an asthma attack is the only way to go because they know which hospital to go to and can give you medically sound advice…expensive but valuable.

Virtual Reality in Health Care

Playing video games is one way to distract people from pain. It’s especially potent if the patient has never played a video game before. Cue the VR helmet and you have a great distraction. Of course, there are elderTech folks developing the sounds and environments of your grandparents youth: dust bowl, anyone? While there are over 100 million sufferers of chronic pain in the US and Oxycondin has terrible side-effects (and is a scourge on society), VR and video games have mild side-effects like the feeling that you want to crash your actual car after playing Grand Theft Auto for 5 hours straight. Look to see this technology applied more widely.

Roche and the Acquisitions of mySugr

mySugr is a diabetes management startup from the Alps (Austrian-side). They have already registered patients from all over the world. The acquisition was around $100 according to TechCrunch. The good news is that mySugr is now embedded in Roche giving that pharmaceutical giant a new competitive edge. Other pharmaceuticals will follow suit. Meanwhile competitors like Livongo and Glooko are likely to be emboldened to cash out at a higher price point. This tactic is a classic in pharma: buy instead of build. It’s not hard to predict that more such acquisitions will happen in 2018.

CRISPR and Gene-Editing Is Not a Fad

In 2016, experiments were conducted to demonstrate how to treat mice with muscular dystrophy using CRISPR techniques. Genome editing is a thing and probably is a path to curing cancer in my opinion. MIT is leading the way. Could this technology be used to manage potential mutations of fatal blood disorders through something called base editing? Yep. Meanwhile, China is also pushing forward on human testing with this technology in part due to less ethical approach to science. How do you feel about that?

Insurance companies want to give you better rates for wearing fitness wearables

Qualcomm and Xiaomi + other smartphone providers are signing up participants with a price of $1000 if the user meets their daily walking goals. Imagine being paid to be healthy? I wonder if there is a business model there? Certainly, I would like a tax deduction for my gym membership and a free pizza to balance the health benefits while I’m at it (kidding;-P) But seriously, instead of Stickk.com where you punish yourself for not meeting your target, how about a pool of funds to pay out to citizens who meet their person targets? Make the target hard to game of course. Insurance companies are all over this predictably, largely because, it’s not that interesting outside of the financial team in these firms. Make insurance marketing the greatest it always wasn’t:-)

 

In Defence of Diefenbaker (if it’s possible): The Defense Crisis and Its Implications

A Defiant Defence of Diefenbaker: The Defense Crisis and Its Implications

One of the most tumultuous periods in Canada-U.S. Relations was the Defense Crisis of 1962 and 1963. In order to examine the American presence in Canada during that period, this article will accomplish four objectives. First, it will explain the background of the Defense Crisis. Secondly, this article will provide a historiographical analysis of John G. Diefenbaker. Thirdly, it will argue that the Defense Crisis led to explicit American intervention in Canadian politics. Finally, this article will defend George Grant’s significant contribution to analyzing this history and will reach the conclusion that Diefenbaker’s indecisiveness was not a product of personal tension with John F. Kennedy, but a product of an irreconcilable vision of Canadian Nationalism.

The historical background of the Defense Crisis begins on October 15th, 1958.  On that day, the Canadian government authorized negotiations with the US government “for the acquisition and storage of defensive nuclear weapons and warheads” [1]. Bomarc-B Missiles were to be placed in North Bay, Ontario and La Macaza, Quebec to neutralize a surprise Soviet attack. The Canadian cabinet knew that “in taking the nuclear-[fitted] U.S. Bomarc weapon, Canada ran the danger of falling under greater U.S. military control in North American air defence” [2] given Canada’s obligations under NATO and NORAD. However, in response, Diefenbaker continued through five years of government to stall making a final decision to accept or reject the required nuclear warheads. Eventually, the government collapsed when the Minister of National Defense Douglas Harkness tendered his resignation in protest[3]. Among historians, it is widely accepted that Bomarc controversy was a key contributor to Diefenbaker’s political demise because it highlighted indecisiveness caused by personality problems. This article will suggest an alternate cause of this indecisiveness.

Most historians have a vastly different interpretation of Diefenbaker compared to George Grant’s interpretation of the lucky 13th Prime Minister. The question is how has this history been interpreted through the lenses of political biases? Before assessing Grant’s perspective – which plays a central role in this article – a historiographical analysis of the various competing interpretations of Diefenbaker’s behaviour must be taken into account. It is the next step in this article to contrast these differences and to suggest why such a divergence with Grant’s perspective exists on foreign policy. A general consensus among historians suggests that Diefenbaker was indecisive on accepting the nuclear warheads. What remains to be observed is each author’s claim to the source of this indecisive foreign policy.

A recurring pattern of pro-Liberal Party historians is to attack the character, not the ideological motivations behind Diefenbaker’s demise. Nash and Robinson both take this interpretative position. Among the most popular interpretations of the period is Knowlton Nash’s Kennedy & Diefenbaker: Fear and Loathing Across the Undefended Border. The books major fault is its overemphasis on the personalities of John F. Kennedy and John G. Diefenbaker. Nash first notes that the two world leaders backgrounds do not complement each other as Kennedy was a Bostonian Catholic elitist and Diefenbaker was a Saskatchewanian Protestant populist. Although Nash shares this descriptive tendency with most other historians, he characterizes Diefenbaker as a messianic demagogue full of exaggeration and infectious charisma. Nash also repeatedly calls him ‘insecure’, ‘irrational’, ‘obsessive’ and a small-town lawyer. This is juxtaposed with friendly adjectives calling Kennedy ‘young’, ‘ambitious’ and ‘witty’. For Nash, a series of altercations illustrates the international friction between the two nations. In January of 1961, Diefenbaker visited Washington and argued with Kennedy over sport fishing and the War of 1812[4]. Their personal tension were further exacerbated in May 1961, when Kennedy visited Ottawa, insulted Diefenbaker’s French and then asked for a ‘two-key’ nuclear warheads policy with Canada. Diefenbaker’s response instead was a peculiar proposition to accept nuclear warheads only during the initial phase of the supposed Soviet attack[5]. Nash’s conclusion was that as a consequence of personal clashes, both politicians grew to hate each other resulting in a foreign policy rift[6].

Prime Minister John Diefenbaker is seen here with U.S. President John F. Kennedy in Ottawa in 1961. (CP PHOTOS)

One major historiographical problem in Nash’s interpretation is that he implicitly suggests the lack of friendship between leaders caused the disagreement on the Bomarc missiles. This is misleading. George Grant seems to have indirectly attacked the specific work of Knowlton Nash by stating that the media had “reduc[ed] issues to personalities”[7] for the purposes of the ruling class. Far too much credence is given to the friction between the two world leaders because of a simple truth; personal anecdotes are amusing and they give a simple but false explanation for the poor Canada-U.S. Relations during this period. Another problem with Nash’s interpretation is that in reality Diefenbaker’s policy was not endearing to either American presidents Kennedy or Eisenhower. Evidently, Nash overlooks the smooth personal relationship with Eisenhower despite serious policy disagreements between the Canada and American governments from 1957 to 1960. This misleading historical interpretation must be highlighted in order to demonstrate the flaw of overemphasizing personality clashes. In addition, it seems unlikely that Diefenbaker could position himself as leader of the Progressive Conservative party and then become what is described as a petty and irrational person upon meeting John F. Kennedy. There must be more to Diefenbaker’s indecision over the Bomarc missile. Nash does not differentiate between actions motivated by personal tension versus political tension.

Sharing a similar Liberal bias with Nash is another civil servant’s interpretation called Diefenbaker’s World. Basil Robinson openly admits to being a continentalist Pearsonian who witnessed Diefenbaker’s disintegrating leadership from within the foreign policy bureaucracy. As will be explored in detailed below, a continentalist is an individual who believes in a closely unified North America. Adding more substantive insight into this history, Robinson analyzes the underpinnings of Diefenbaker’s internal indecision by noting the dichotomy between two wings of the Progressive Conservative caucus. Howard Green and Douglas Harkness each represented competing wings of the caucus. Green was appointed the Secretary of External affairs and admonished nuclear proliferation while Douglas Harkness became the Minister of National Defense in 1960 and called for nuclear weapons on Canadian soil. While Green attempted to make international disarmament a reality, Harkness had to constantly make excuses for “the failure of negotiating with the United States and NATO authorities on nuclear warheads”[8]. Robinson also heavily implies that the Prime Minister was negligent and indecisive because of his natural tendencies and demeanour. This is flawed and serves Robinson’s personal self-defence from fundamentally disagreeing with Diefenbaker’s vision of Canadian Nationalism.

The more conservative leaning analysis, Peter C. Newman adds greatly to the interpretation of the growing Defense Crisis. Newman wrote Renegade in Power within several years of Diefenbaker’s fall in 1963. Newman took the necessary time in a balanced historical interpretation to focus on the philosophy that drove Diefenbaker to reject the rules of international subservience. For Newman, Diefenbaker believed in national building in the tradition of John A. MacDonald, although in a modern era of increasing continental interdependence. Diefenbaker was surprisingly left leaning on welfare policy and desired closer ties with Britain, which American continental interests despised[9]. Newman continually emphasized in contrast to the Nash and Robinson readings that the Canadian Nationalist rhetoric damaged the influence of the “continentalists in the American State Department who believe that what’s good for the U.S. us automatically good for Canada”[10]. “Diefenbaker never managed to make convincing his often-repeated boast that his anti-Americanism was actually pro-Canadian”[11]. Although both Newman and Grant agree that a clear vision of Conservatism was allusive, they both point to the institutions and entrenched structures that usurped Diefenbaker from power. The indecisiveness was political, not a product of irrational fool, but of serious discord with the rhetoric and the realities of Canada’s position in North America. It was not that Diefenbaker’s indecisiveness was a product of character, but a product of untenable principle.

It could be argued then that the forces of continentalism overthrew the Diefenbaker’s Progressive Conservatives. With serious policy missteps regarding to the Coyne controversy, cancellation of the Arrow, growing monetary crisis, unabated unemployment rates, Diefenbaker’s defeat in 1963 can be attributed to many factors. This article, however, will present conclusive evidence that among the most significant factors was the American desire for regime change in Canada.

The Cuban Missile Crisis of October 1962 reopened the debate over nuclear warheads in Canada. For Kennedy’s Secretary of State Dean Rusk, “Diefenbaker’s ‘introspection and nationalism’ were the biggest problems in Canada-U.S. relations”[12]. On the Canadian side, continentalists like Sevigny believed that “the need for…a closer association with our NATO partners…[was made] very clear by [the] tragic Cuban incident”[13]. From the American perspective, the intense crisis proved resolutely that Diefenbaker was either indecisive or stubborn with regard to American security needs. Following the failure to swiftly declare ‘DEF CON 3’ on October 21st, 1962, the Diefenbaker government was the target of a replacement campaign that would allow American Cold War objectives to be achieved. Similar to Vietnam in October 1963, Canada required a discreet coup d’etat. In quick succession, the Kennedy Administration struck three strategic blows against the Canadian government to achieve that end.

The first blow occurred with an incident of frankness, revolving around retiring NATO General Lauris Norstad; an American. On January 2nd, 1963, whether by accident or design, Norstad told reporters that Diefenbaker had not fulfilled his obligations under NATO regarding accepting nuclear warheads. This was an open attack on the Canadian government that would spark major controversy. Criticism in the Conservative caucus put Diefenbaker on unstable ground as indecisiveness seemed to give way to utter incompetence.

The next blow was the Pearsonian Re-Alignment on missile defence. On January 12, 1963, newly anointed Liberal Party leader ‘Mike’ Pearson decisively declared that he was ‘ashamed we accepte[d] commitments and then refuse[d] to discharge them”[14]. In a complete reversal of Liberal Party policy, the Liberal leader fulfilled the desires of the ‘Establishment’ by calling for the acceptance of nuclear weapons. The infamous about-face was the consequence of repeated consultation with the JFK. Many insiders “felt sure that Pearson had made a deal with Kennedy that in exchange for Pearson’s switch on nuclear warheads, Kennedy would help destroy Diefenbaker”[15]. As two Nobel Prize winning internationalists, Kennedy and Pearson had good personal relations, but far more importantly; Pearson had a malleable ideological preference for continentalism.

The final blow was a reaction to a miscalculation on the part of Diefenbaker. On January 21, 1963, Diefenbaker claimed in Parliament that a ‘rethinking’ had occurred between the leaders of America, Britain and Canada at the Nassau meeting. This was a crass attempt to justifying indecision concerning the nuclear warheads[16]. The implication of this gaffe was that a public denial in a U.S. Government press release was necessary and tremendously embarrassing. In essence, the Kennedy Administration had explicitly intervened in Canadian affairs in what would “deliberately foster an anti-American thrust in the tactics…[of[ the coming election campaign”[17]. This evidence of interference was openly accepted by future Liberal leader Pierre Trudeau who confirmed in the Cite Libre that “Diefenbaker was beaten by ‘les Hispters’ around Kennedy”[18]. The 1963 Diefenbaker campaign was had the best of his political career according to most sources, but it was not enough against the full force of the United States. The ultimate consequence was the collapse of Diefenbaker and re-installation of the Liberal regime. The nuclear warheads were brought into Canada immediately by Pearson’s new government.

The most plausible conclusion for why Diefenbaker’s government fell is articulated by Sevigny: “…by choosing to listen to the dreamers in his entourage and discarding the opinions of the realists, John Diefenbaker committed his most serious mistake, one which broke up his party”[19]. From the evidence, Diefenbaker’s dream of Canadian nationalism assumed that NATO was an alliance, not an extension of American foreign policy. Pearson’s acceptance of the latter gave him the advantage of American influence. During the election of 1963, Diefenbaker tried to paint the Liberals as co-conspirators with Washington and that a vote for the Liberals would lead to nuclear war[20]. This did not resonate. However, there was some credence given to Diefenbaker’s nationalist position after U.S. Secretary of Defense Robert S. McNamara revealed that the Bomarc missiles were in fact designed to draw fire away from American cities without much regard for Canadian civilians below the aerial interceptions of a Russia attack[21].

To recap, the article first explained the Defense Crisis of 1962 and 1963. Subsequently, a historiographical analysis of Nash, Robinson and Newman interpretations showed that Liberal historians attempted to focus on Diefenbaker’s character over the true source of conflict. Then, the evidence was examined showing the Kennedy Administration’s intervention in Canadian politics. The article will now address the unique historiographical interpretations proposed by George Grant. It will conclude that Diefenbaker’s political principles were his ultimate downfall.

To understand more clearly the underlining framework of American manipulation, George Grant’s interpretation of Diefenbaker’s demise is most salient. George Grant’s Lament For a Nation is a direct reaction to the fall of the Progressive Conservatives in 1963 and its implications for Canadian Sovereignty. As part of his analysis, Grant states that “lamenting for Canada is inevitably associated with the tragedy of Diefenbaker”[22]. According to Grant, Diefenbaker’s political failure occurred because he challenged American continentalist, progressivism, and capitalist designs in Canada. The “prairie blowhard”’s downfall was rooted in his ideology of Canadian Nationalism. Part of the great disappointment from historians like Peter C. Newman was that Diefenbaker’s larger than life expectations fell well short of their mark. His “One Canada[23] campaign rhetoric admonished voters against the Liberal desire for “a virtual forty-ninth state in the American Union”[24] but this socialist nationalism could not stand a chance in an already submissive Canada. In the end, the Bomarc missile fiasco was the tipping-point for an American coup d’etat that was in the making upon Diefenbaker’s rise to power.

To elaborate on Grant’s argument, American imperialism relied heavily on the ruling class within Canada that had become continentalized in its views. These complicit Canadians were Diefenbaker’s adversaries. They include the King, St. Laurent and subsequent Pearson Liberal governments, as well as the entrenched continentalist bureaucrats such as Robinson and Pearson, in addition to the Central Canada’s anti-rural ‘Establishment’. Whether collaboration was intentional or accidental, the Liberal Party achieved hegemony during this period of the 20th century in part because of their acceptance of continentalism. Grant suggests that the march to American annexation was moving faster with Liberal pro-capitalist policies that “paid allegiance to the homogenized culture of the American empire”[25]. As a consequence of compliance, American universalizing and homogenizing free-market forces within Canada benefited the willing Liberals and disadvantaged the Saskatchewanian who was a populist that rejected the ‘Establishment’. Liberal rule was only interjected by a lapse from 1957 to 1963, which would be marked by a constant struggle between the three groups and the antagonist to their self-interest; Diefenbaker.

 

A view of the launch of a CQM-10A Bomarc target missile.

If this is true, as the evidence suggests, then this prairie, Protestant, orator served merely as a sacrificial lamb for American Cold War objectives in 1963. It also shows that the demise of Diefenbaker’s government was the tip of an iceberg that has inevitably sunk Canadian political autonomy. Diefenbaker was unavoidably wrong in contradicting the conventional wisdom of the American led progressive age. From Grant’s account, Canadian sovereignty was no longer viable since no alternative could be found, as demonstrated by Diefenbaker’s failure. In truth, Diefenbaker seemed to be an irrational protestor because a truly rational leader would have submitted to American desires. In his concluding optimism, however, Grant argues that the overwhelming forces of American imperialism left Canada as a satellite state destined to desire annexation for the betterment of Canada’s citizens[26]. The gravitational forces of progressivism, globalization and assimilation of cultural distinctions will ultimately result in the amalgamation of Canada into the American super-structure. This is Grant’s solace which Diefenbaker’s nationalistic rhetoric, so passionately, hoped to avoid but could not.

It would be erroneous to not mention, at this point, that George Grant was a leading proponent of Red Toryism. Compared to Liberal historians such as Nash and Robinson, Grant’s politics may too appear to mask biases. He may have simply developed a skewed perspective of Liberals who “led inexorably to the disappearance of Canada”[27]. However, his claims are justified because they can be qualified with compelling evidence. Both sides have a point, eh?!

The goal of historians is to the piece together the past and synthesize it into tangible explanations of those events. It stands to reason that the Diefenbaker’s flawed personality, described by pro-Liberal academics, is a distraction from the actual source of Diefenbaker’s demise. Instead of the rampant character assassinations, historians should note that the causal arrow moves from Diefenbaker’s conceptualization of Canada to political indecision with regard to the Defense Crisis of 1962 and 1963. What becomes resoundingly consistent among historians is the sense that Diefenbaker was a disappointment. Intrinsic in their view is that he failed to achieve what his rhetoric so sincerely promised. Regardless of the bias of the various historians, there is a compelling argument within Grant’s work that may help change the commonly held perception about the outsider prairie populist and the Canada-U.S. relations in that period. The tragedy of Diefenbaker needs to be re-written to pay homage to his perilous and courageous attempt to carve out a sovereign nation despite forces more overwhelming than anything ever witnessed on this earth.

 

Work Cited

Diefenbaker, John G. One Canada: Memoirs of the Right Honourable John G. Diefenbaker: The Years of Achievement 1956 to 1962. A Signet Book: Scarborough, 1976

Grant, George. Lament for a Nation: The Defeat of Canadian Nationalism: 40th Edition. McGill-Queen’s University Press: Montreal, 2005.

Nash, Knowlton. Kennedy and Diefenbaker: Fear and Loathing Across the Undefended Border. McClelland & Stewart Limited: Toronto, 1990.

Newman, Peter C. Renegade in Power: The Diefenbaker Years. McClelland and Stewart Limited: Toronto, 1963.

Robinson, Basil H. Diefenbaker’s World: A Populist in Foreign Affairs. University of Toronto Press: Toronto, 1991.

Sevigny, Pierre. This Game of Politics. McClellan and Stewart Limited: Montreal, 1965.

Smith, Denis. Rogue Tory: the Life and Legend of John G. Diefenbaker. MacDarlan Walter & Ross; Toronto, 1995.

Stursbeg, Peter. Diefenbaker: Leadership Lost: 1962-67. University of Toronto Press, Toronto, 1976.

[1] Robinson, Basil H. Diefenbaker’s World: A Populist in Foreign Affairs. University of  Toronto Press: Toronto, 1991: pp 106.

[2] Nash, Knowlton. Kennedy and Diefenbaker: Fear and Loathing Across the Undefended Border. McClelland & Stewart Limited: Toronto, 1990: pp. 76.

[3] Newman, Peter C. Renegade in Power: The Diefenbaker Years. McClelland and Stewart Limited: Toronto, 1963: 367.

[4] Nash, 96

[5] Nash, 119

[6] Nash, 100

[7] Grant, George. Lament for a Nation: The Defeat of Canadian Nationalism: 40th Edition. McGill-Queen’s University Press: Montreal, 2005: pp 8.

[8] Robinson, 227

[9] Newman, 254

[10] Newman, 261

[11] Newman, 262

[12] Nash, 65

[13] Sevigny, Pierre. This Game of Politics. McClellan and Stewart Limited: Montreal, 1965.

[14] Smith, Denis. Rogue Tory: the Life and Legend of John G. Diefenbaker. MacDarlan Walter & Ross; Toronto, 1995: pp. 469.

[15] Nash, 255

[16] Smith, 466

[17] Robinson, 307

[18] Nash, 301

[19] Sevigny, 261

[20] Newman, 387

[21] Newman, 391

[22] Grant, 6

[23] Diefenbaker, John G. One Canada: Memoirs of the Right Honourable John G. Diefenbaker: The Years of Achievement 1956 to 1962. A Signet Book: Scarborough, 1976: pp. 21

[24] Grant, 13

[25] Grant, 7

[26] Grant, 94

[27] Grant, 6

China and Mobile Payments from the Wall Street Journal

The WeChat App is the one app that rules all interactions in China with Alipay increasingly falling behind. North Americans are afraid of bundled information. Everyone in China is purchasing with their information bundled for commercial interest and as well as the State. What is clear is that China is ahead of the Western world in mobile technology but then again so is Africa….

Marc Lore’s Critical Startup Advice: Having sold a $6 Mil, $550 Mil, $3 Bil string of Startups

Marc Lore sold Diapers to Amazon.com and then Jet.com to Wal-mart. Here’s the highlights from his experience.

1) When you get acquired, and you are still passionate about diapers….it’s best to ensure that you are not given your own silo within the acquirer company but rather are allowed to commandeer the part of the acquirer company’s child-care department since you specialize it that are. For example, with Diapers.com, Lore’s team was isolated from the Amazon hierarchy and not able to contribute outside of the shell of the diapers.com brand. This approach was applied for most of Amazon’s acquisitions of note; for example, Zappoos. It’s much better to be integrated or you’ll be isolated.

 

2) Before launching a startup, consider offering customers equity in the firm in exchange for them getting other people to sign up for your service. The catch here is that these customers have to have confidence in the firm’s ability to realize equity gains. The customer that added the most new customers got $1 million worth of Jet.com equity when it was sold to Wal-Mart.

3) Employee salary transparency helps boost the sense of fairness amongst employees. So every employee should know how much every one else is making on their level and should also know how much the CEO and C-Suite staff are making. A sense of fairness is ideal; equality and prevents unconscious gender bias in negotiating salaries that (since there is pure transparency) do not need to happen.

 

4) Get the customer to help buy products based on other products that a logistically available to them in the distribution centre. Imagine you want to buy…diapers, well if the same distribution centre ALSO carries baby tooth brushes, then the system will provide a discount of say 10% on tooth brushes since the customer will be able to select the tooth brush and the diapers in one basket rather than waiting for a lawnmower which is at another distribution centre. This bundling of purchases is customer led and facilitated through discounts that motivate strategic purchasing which drives down the cost of shipping. Brilliance or bullshit, either way Wal-Mart bought Jet.com for $3 billion.

5) Being a CFA is critical to being at the table in negotiating mergers, acquisitions and other deals. Marc Lore worked 7 years in Investment Banking before returning to his roots to start his first company. It’s a critical skill set that anyone serious about leadership in business should consider even if they aren’t going to go into Investment Banking or the like.