It’s tempting to imagine a future in which Ghosn’s itinerary is considered a valuable artifact: a window into what globalization was really like in 2017, when it was spreading further than ever and, at the same time, getting slammed by waves of populist discontent. ... If the politics of the past year have left any sort of mark on him, it’s imperceptible as he strides onto the stage for the Q&A. These are his people—students of business, not politics—and most of the questions they lob his way are as familiar as old friends: What drives you to take over struggling companies, and how do you always seem to turn them around? How were you able to become the first foreigner to run a major Japanese company? What’s your secret for winning the trust and loyalty of employees throughout so many diverse cultures? ... “I keep my eyes on the scorecard,” Ghosn tells them. Production, profit, growth—the bottom line. Diversions constantly arise, but he’s learned to manage the distractions, which he says assume different forms in different parts of the world.
Counterfeiting is a $400 billion industry in China. Factories churn out real Nike shoes just a handful of subway stops from illicit markets selling fake ones, and counterfeit versions of the latest iPhone are hawked in the Shanghai airport before the real ones reach many rural Americans. There are real car dealerships selling knockoff cars and fake Apple Stores where the employees aren’t in on the scam. And black-market goods are a lucrative export, too: China sends millions of pairs of counterfeit shoes to the EU and billions of dollars’ worth of counterfeit pharmaceuticals to Africa and Southeast Asia. ... The Pinkerton Agency got its start fighting counterfeiting nearly 170 years ago when Allan Pinkerton, a Scottish immigrant, busted a gang manufacturing fake money along the Fox River in Illinois. Abraham Lincoln credited the young agency with foiling an early assassination plot that was to take place during the train ride to his inauguration. Throughout the Civil War, the president relied on Pinkerton detectives to handle tasks now performed by the FBI, Secret Service, and CIA.
There are three basic conditions if you want to work for Jack Stack, and they go for everybody from senior executives down to the people who clean his company's bathrooms. The first is you have to learn how to read and understand the company's financials, the second is you really have to believe there is no "I" in "team," and the third is you have to get into the habit of asking, "What could go wrong, and what are we going to do when it does?" ... Over the years, SRC has evolved into a highly entrepreneurial miniconglomerate that has launched more than 60 companies in industries ranging from banking to medical devices to furniture. It has also developed an unusual culture--a humane, Midwestern blend of quantitative management, radical transparency and practical paranoia--that has made it the flagship of what's known as the open-book-management movement.
On March 13, 2004, a gaggle of engineers and a few thousand spectators congregated outside a California dive bar to watch 15 self-driving cars speed across the Mojave Desert in the first-ever Darpa Grand Challenge. (That’s the Defense Advanced Research Projects Agency, the Pentagon’s skunkworks arm.) Before the start of the race, which marked the first big push toward a fully autonomous vehicle, the grounds surrounding the bar teemed with sweaty, stressed, sleep-deprived geeks, desperately tinkering with their motley assortment of driverless Frankencars: SUVs, dune buggies, monster trucks, even a motorcycle. After the race, they left behind a vehicular graveyard littered with smashed fence posts, messes of barbed wire, and at least one empty fire extinguisher. ... What happened in between—the rush out of the starter gate, the switchbacks across the rocky terrain, the many, many crashes—didn’t just hint at the possibilities and potential limitations of autonomous vehicles that auto and tech companies are facing and that consumers will experience in the coming years as driverless vehicles swarm the roads. It created the self-driving community as we know it today, the men and women in too-big polo shirts who would go on to dominate an automotive revolution.
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