Posts tagged BUSINESS
The directors of such [joint-stock] companies, however, being the managers rather of other people’s money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters as not for their master’s honour, and very easily give themselves a dispensation from having it. Negligence and profusion, therefore, must always prevail, more or less, in the management of the affairs of such a company.
— Adam Smith (1776)
The early life of several, disruptive, market leaders (via Mashable).
J N O M I C S
J N O M I C S
This Week in Review: Institutions and news innovation, and papers’ paywall experiments roll on » Nieman Journalism Lab
Do institutions have a place in news innovation?: About three weeks after Dean Starkman’s indictment of future-of-news thinkers was posted online by the Columbia Journalism Review, NYU professor Clay Shirky — one of the primary targets of the piece — delivered a response late last week in the form of a thoughtful essay on the nature of institutions and the news industry. Shirky explained the process by which institutions can lapse into rigidity and blindness to their threats, and he argued that there’s no way to preserve newspapers’ most important institutional qualities in the digital age, so the only option left is radical innovation. - Nieman Lab, Harvard University
J N O M I C S
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Noted elsewhere
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All-nighter on a George Condo term paper.
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red pair
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Huntsman, Excluded From #IowaDebate, Holds New Hampshire Town Hall
Excluded from Saturday’s GOP presidential debate, Jon...
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