Business & Finance

Mohammad Anas Wahaj | 24 jul 2013

Healthcare IT firms from US have global opportunities but there are number of challenges and issues that have to be addressed through agreements with different nations. According to Vickie Yates Brown of University of Louisville Foundation, health information privacy is one of the main challenge that US health IT firms face while operating globally. She says that US Healthcare Insurance Portability and Accountability Act is inapplicable outside of US and that adversely affects US companies that perform medical research internationally. President Barack Obama's current administration is pursuing policy to increase exports through National Export Initiative. Read on...

Business First: Health IT firms have global opportunities
Author: David A. Mann

Mohammad Anas Wahaj | 23 jul 2013

Experts in technology investing share their philosophy and approach to make investments in technology start-ups and innovations which they term as 'revolutionary tech investing'. Although their main focus for investment advisory is for the Australian market but they don't intend to limit their approach to specifically one market considering the globally connected financial markets. According to them their methodology for investing focuses on those technology stocks and companies that are capable of revolutionizing the marketplace with extraordinary breakthroughs and be global leader in their field. Their current sectors for investment are computational technologies and biological technologies with companies in biotechnology, robotics, molecular technology, computing etc. Their other main area of consideration is related to development in space technologies and companies that focus on commercializing the space and the subsequent creation of space industry. Read on...

Money Morning: Why Technology is the Most Exciting Industry in the World
Author: Callum Newman

Mohammad Anas Wahaj | 21 jul 2013

Reid Hoffman, co-founder of LinkedIn, explores the correlation between immigration and entrepreneurship, that results in the economic progress and prosperity of the US. He mentions that the passing of the current immigration reform bill in the Senate is a positive step in further strengthening the US national identity of welcoming immigrants that subsequently participate in entrepreneurial ventures for the benefit of the country. The bill intends to secure borders, legalize illegal immigrants, increase visas for high-skilled workers (mostly in science and technology), for low-skilled workers (in construction and hospitality), guest-worker program for immigrant farmworkers etc. According to Partnership for a New American Economy, as of 2011, upto 42% of Fortune 500 companies based in US that account for 10 million jobs worldwide, were started by immigrants or their children and between 1990 and 2005, 25% of the highest-growth companies in US were founded by foreign-born entrepreneurs. The bill would now go to the Congress for consideration. Read on...

The Washington Post: Immigration promotes entrepreneurship and prosperity
Author: Reid Hoffman

Mohammad Anas Wahaj | 20 jul 2013

Smart phones and tablets loaded with numerous mobile apps related to property and real estate are driving the new phase of personalized and customized online real estate shopping. Most apps offer recommendations and suggestions based on the user's past preferences and likenesses thus making the real estate buying process smarter and more efficient. In US there are about 850 real estate search services available to consumers. Experts suggest that next wave of innovation will come by engaging majority of real estate agents in the online process and giving shoppers and buyers tools to find preferred agents online. Currently consumers find only 9% agents through this. By incorporating agent's detailed information like transaction and deal history, ratings by past customers etc the sites can further enhance the online real estate process. Read on...

Herald-Tribune: Online real estate shopping gets personal
Author: Harold Bubil

Mohammad Anas Wahaj | 20 jul 2013

Due to economic recession most US and UK firms across various sectors have reduced their innovation activities during 2008-2010, say experts. UK Innovation Survey of 2011 mentions that only 31% of companies continued innovation activities during this period. But the shift towards innovation is now visible. In May 2013 Accenture report it is mentioned that of 519 companies (revenues more than US$ 100 million) from US, UK and France, 70% have innovation among their top five priority. According to research firm Battelle, in US R&D funding for 2013 is estimated to be 2.6% (almost same as 2012) while for UK it is 1.84% of GDP (also same as 2012). UK saw a rise of 8% in innovation spend in 2011 as compared to 2010. Technology and pharmaceutical industries are traditionally most R&D intensive industries. According to experts, in the post recession scenario both technology and healthcare companies have modified their concepts of how innovations are achieved. In pharma they have moved from investing in many drugs model to a more focused selective model as a result of better scientific understanding and informed decision making. While in technology the focus is on finding more innovative ways to utilize the inventions that have been achieved earlier. Moreover consumer-focused sectors are currently more innovation active and using novel concepts to rejuvenate their businesses. Online retail sector in UK is undergoing an innovative shift with threat from companies like Amazon as main driver. Read on...

fundweb: Fund managers look for fresh wave of innovation
Author: Helen Burnett-Nichols

Mohammad Anas Wahaj | 28 jun 2013

Is it possible to sustain a business without the supervision and leadership of the management? There are examples that prove the various models of management-free enterprises, totally run by employees without the presence of bosses, that are able to perform and do successful business. The various models of management-free companies in existence include - running through committees; employees electing managers; employees free to work on any project and in any team; work commitment contracts with responsibility of performance. Technologies and tools for collaboration and communication beyond the walls of the organization are providing employees more freedom to work according to their own convenience. These self-directed employees are becoming a reality even in various traditional companies. John Naisbitt said, "The successful organization of the 21st century will not be a hierarchy, but rather, a 'confederation of entrepreneurs.'" Read on...

Smart Planet: Are management-free workplaces too good to be true?
Author: Joe McKendrick

Mohammad Anas Wahaj | 25 may 2013

Relationships between customers and companies are build over a period of time as a result of many interactions. This transforms into a buying behavior of customers due to which they prefer one vendor over the other. A recent research study identifies 10 things that customers would want from the sellers- (1) Bring new ideas and perspectives (2) Collaborative approach (3) Confidence in providing desired results (4) Ability to listen patiently to customers (5) Fully understand customer needs and requirements (6) Assist the customers in managing and minimizing potential risks (7) Build a compelling solution (8) Clarity in communicating the purchasing process (9) Build a strong trust and personal connection with the customer (10) Provide the best value compared to other competitive alternatives. Read on...

Michigan Chronicle: 10 Things Every Customer Wants
Author: Randy Greenberg

Mohammad Anas Wahaj | 15 may 2013

According to a recent study, 90% of professionals who participated mention 'entrepreneurship' as a mindset or attitude. This signifies an evolution of how entrepreneurship is perceived amongst professionals. Out of 2000 Millennials surveyed, 58% consider themselves as 'entrepreneurs', someone who recognizes and pursues opportunities. Young independent professionals consider freedom as one of the most important aspect of their work. They expect flexible work environment and are more inclined towards freelancing then pursuing a traditional job. Organizations that intend to tap into this sector of the skillful workforce have to reconsider their work policies and hiring strategies to benefit from this valuable professional group. Read on...

Forbes: The Re-Definition Of Entrepreneurship And Rise Of Freedom-Seeking Freelancers
Author: Dan Schawbel

Mohammad Anas Wahaj | 30 apr 2013

Global financial leaders are concerned about the state of world economies that are showing slow growth and high unemployment. In recent IMF and G20 meetings, these serious issues are discussed but no consensus has been achieved regarding the policy initiatives to be taken to boost growth. Some countries favor less austerity measures and more government stimulus while others insist on reducing budget deficits. Other concerns include use of currency as a leverage tool by nations and international tax evasion and avoidance through tax havens. Read on...

newser: World finance leaders issue sober assessment on global economy growth - Jobs in short supply
Author: NA

Mohammad Anas Wahaj | 25 apr 2013

Best practices and improvements in one industry can influence and transform the practices in the others. According to researchers, healthcare supply chain can benefit considerably by adopting the best practices and advances in the retail supply chain management. Experts suggest 10 best practices from retail supply chain management that can transform healthcare supply chain- Collaborative Planning; Forecasting and Replenishment; Scanning Technology; Education and Training; Centralized Purchasing and Supply; Supply Chain Services Reorganization; Regular Cycle Counting and Stock Rotation; Performance Management; Actual Usage Inventory Management; Ecommerce; Data Standardization. Read on...

Healthcare Global: Health Supply Chains Improve Using Retail Best Practice
Author: Abigail Phillips

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