Many divergent opinions exist on the future of global manufacturing. All else aside, electronic funds transfers, and a switch to the digital economy probably have a lot to do with the future of manufacturing.
Though the Wall Street journal recently ran a feature on this issue, they forgot to talk about the importance of electronic funds, digital economies, and the confluence of alternative monetary strategies in the global manufacturing sector. The impact could be more important than you think.
FOR translating a 22-minute video from English into Spanish at short notice, 7Brands Global Content, a professional-translation firm based in New York, quoted “approximately $1,500”. This fee seems in line with the local going rate for the job from a firm which boasts membership of three professional associations and clients such as Chase and Bank of America. Not so long ago, paying the local rate was the only option. Today anyone seeking to get this sort of job done is only a click away from the whole world of professionals competing to do it far cheaper.
That same translation job was advertised on Elance.com and oDesk.com, the two busiest among several newish online marketplaces for work, or “talent exchanges”. On Elance it soon attracted 25 bids, from individuals in 15 countries. For around half the bidders, this would be their first job, which raised questions about how good their work would be (especially the Uruguayan who promised to “translate your interview perfetly”). But some seemed competent. According to his Elance page, “oswaldo g”, from Colombia, has already completed 31 jobs, earning a combined $4,193 and a satisfaction rating of 4.9 (out of 5). He quoted a tempting $16.44 an hour—though not as tempting as the five bids on oDesk (three of them by five-star-rated workers), from Argentina, Brazil, Indonesia, Mexico and the Philippines. Each of them offered a flat rate for the completed job, ranging from $33.33 down to just $22.22.
Curating and sharing stories should be understood as part of a knowledge economy. If stories are tribal currency, then curators are money handlers.gdecugis's insight:The world has changed and so did the economy.
Do business incubators give startups a leg up? Globe and Mail In a month, Stephen Lake will pack up his team of 25 employees and move them to a new office down the street from VeloCity Garage, a business incubator in Waterloo, Ont.
What Netflix can teach you about your small business Globe and Mail It may be hard to imagine what Netflix – a public company valued at $12-billion, trading at a multiple of 74 times next year's earnings – can teach your small business.
Quality is of paramount importance when producing a video for your business. A lackluster production, or just a poorly inspired concept for either a training or a sales enablement video can mean more than just a lost opportunity for business or growth, it can also be a public relations liability. Case in point is the now infamous Star Trek inspired training video created by the Internal Revenue Service. Produced to the tune of a 60 thousand dollar tax payer funded price tag, that video should serve as the gold standard of what NOT to do when creating internal training videos or marketing collateral that uses video....
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