December 2012

Legitimising collaborative lending

Vince Cable launches £110m loan scheme aimed at small firms headline in today’s Guardian It’s fascinating to see Government turning to the web‘s collaborative lenders. When companies like Zopa started I doubt that banks thought of them as serious competition. While the sums offered by government are relatively small, the principle is important. And if the scheme succeeds, by giving lenders a better return than a bank would offer, there’s the potential for a win-win in the private sector, at the expense of conventional banking. As digital businesses, it’s highly likely that when a model works it will also scale, rapidly. And while this initiative is underpinned by government funding, the legitimacy conferred by the scheme will fuel future growth in collaborative funding. Ht the guardian

strategy+business: The Global Innovation 1000: Making Ideas Work

The think : do gap

Why can’t organisations that are smart enough to spot & design opportunities for a better business actually deliver? This thinking/doing gap doesn’t appear to have shrunk over the last decade – where you might have thought that business would have got better at innovation. Booz provide a full, accessible and deployable piece of research: you will recognise your own business’ behavior in one of their models. Via Strategy Business

Knowledge@Wharton: Luxury Adjusts to a World of Retail Instant Gratification

In a 1996 article for wired magazine, ‘new rules for the new economy‘ Kevin Kelly said that the High St would change its behaviors to match customers’ online expectations. A generation later, and that’s exactly where we are. This Wharton article’s perspective is from a luxurious peak – but luxury is only comforting for those brands that get it right. Of course, Burberry is the shining example, by embracing another of Kelly’s principles – to generously give away access to previously privileged areas. Not just live views of the catwalk, but backstage too, in high definition. Web-style user experiences are already designed into a Burberry shop visit. cite Burberry as a reference customer, so you would expect that data is acquired on & offline to personalise future retail experiences. Fabulous insight, Via Knowledge@Wharton