Collaboration and partners
By Pia Kåll – When I was still in high school and even during my matriculation exam, I was convinced that University of the Arts was the place to be for me. However, at the time of applying I changed my mind and applied to Aalto University to study applied physics because it sounded challenging. It also felt like the right thing to do – to let art be a hobby and get a job from another field.
After I graduated, I started my dissertation. However, I didn’t finish it because I visited a McKinsey recruitment event and decided to grab the opportunity to influence the development and strategy of large, global companies as a consultant.
When I was offered a seat on the Executive Board of Outotec, I just couldn’t decline the challenge. At first, I led Strategy and M&A and later on broader responsibilities including product development and development of business processes and operational models.
In that position I realized that I enjoy working in different situations and with different people in as many different fields, and among as various questions as possible. In private equity , these sides are combined. When I transferred to CapMan, I first worked as a Partner in Buyout, and starting from June 2017 I have worked as a Managing Partner. more> https://goo.gl/DzM5Na
Posted in Business, Economy, Education, Science, Technology
Tagged Aalto University, Business, Jobs, Leadership, Productivity, Skills, Technology
By William Magnuson – It has been 10 years since the last financial crisis, and some have already started to predict that the next one is near. But when it comes, it will likely have its roots in Silicon Valley, not Wall Street.
Our banks are better capitalized than ever. Our regulators conduct regular stress tests of large institutions. And the Dodd-Frank Act imposes strict requirements on systemically important financial institutions.
But while these reforms have managed to reduce the risks that caused the last crisis, they have ignored, and in some cases exacerbated, the emerging risks that may cause the next one.
These financial technology (or “fintech”) markets are populated by small startup companies, the exact opposite of the large, concentrated Wall Street banks that have for so long dominated finance. And they have brought great benefits for investors and consumers. By automating decision-making and reducing the costs of transactions, fintech has greased the wheels of finance, making it faster and more efficient.
But revolutions often end in destruction. And the fintech revolution has created an environment ripe for instability and disruption. It does so in three ways. …
Wall Street is no longer the future of finance. Silicon Valley is. more> https://goo.gl/LK6CsY
Posted in Banking, Broadband, Business, CONGRESS WATCH, Economic development, Economy, History, Leadership, Media, Net, Regulations
Tagged Banking reform, Capital, Congress Watch, Financial crisis, Fintech, Government, Internet, Leadership, United States
Strange Cargo: How Do You Move An 8 Million-Pound Heat-Recovery Steam Generator Down The Hudson? Swimmingly.
By Amy Kover – The journey — the first of its kind for such a machine — began in 2015, when the New Jersey-based power company PSEG ordered GE’s latest HA-class gas turbine and other equipment for a new combined-cycle power plant in Sewaren, an industrial town tucked away behind New York City’s Staten Island.
The machines included a heat-recovery steam generator, or HRSG in power-industry parlance. It recovers waste heat from the gas turbine and turns it into steam that powers a steam turbine to generate more electricity, making the power station more efficient.
GE typically arranges to have all the parts delivered to the power plant for on-site construction. However, as the project began to unfold, it became clear that building the steam generator, which is much larger than the turbines, in New Jersey was going to be a challenge. The site happens to be located in one of the country’s most densely developed areas.
To overcome this challenge, PSEG decided to build the 4,000-ton HRSG in upstate New York and ship it to New Jersey in one piece. GE worked closely with PSEG and construction firm Megrant to crack this logistical riddle. more> https://goo.gl/u8Y2mi
Posted in Business, Economic development, Economy, Energy & emissions, Nature, Product, Technology
Tagged Business improvement, GE, Industrial economy, Power plant, Transportation, Turbine
By Steve Denning – Brooks concludes blithely that “the market is working more or less as it’s supposed to.” It is therefore wrong to conclude that the U.S. economy has “structural flaws.” That is “a story that is fundamentally untrue.”
The difficulty with the argument, as Brooks well knows, is that one or two good years don’t make an era. Two years of income growth don’t undo the trauma flowing from 50 years of wage stagnation, much less lead to the conclusion that there are “no structural flaws” in the economy.
The brute fact remains that median salaries have stagnated for some 50 years. That’s the real problem of the U.S. economy that economists ought to be talking about.
When moderates deny the obvious, the disaffected inevitably turn elsewhere.
If moderates want to be listened to, they will need to take a harder look at what is going on, come up with coherent explanations for what has gone wrong, and offer plausible remedial action. more> https://goo.gl/zuoJbQ
Posted in Banking, Broadband, Business, CONGRESS WATCH, Economic development, Economy, Education, Energy & emissions, Healthcare, History, Leadership, Media, Net, Regulations, Technology, telecom, Transportation
Tagged Banking reform, Capital, Climate change, Congress Watch, Debt, Government, Leadership, United States
#Ciena25: The Story Behind the Founding of Ciena
By Bruce Watson – The company that would eventually become Ciena began its life as an inspiration inside the head of David Huber. The former General Instruments engineer had an idea for how to help cable companies squeeze more television channels through their lines to end consumers. In 1992, he set out to turn those ideas into a reality, and on November 8, 1992, the paperwork was officially filed in Delaware for the new company.
Huber immediately began searching for venture capital funding. In late 1993, Huber was introduced to Pat Nettles, a veteran leader of several telecom companies. By early 1994, Nettles was brought on-board to run the business side of things and was soon the company’s first CEO (though owning a doctorate in particle physics, Nettles was no stranger to the technology side of things himself).
Nettles quickly convinced Huber that it was the long-distance phone companies, not the cable TV industry, that would be the best target for Huber’s invention.
The introduction between the two was orchestrated by Jon Bayless, a venture capitalist who’s firm Sevin Rosen Funds provided $3 million in start-up funding for the business in February 1994. more> https://goo.gl/ZdVzLE
Posted in Broadband, Business, Communication industry, Economic development, Economy, History, Net, Product, Technology, Telecom industry
Tagged Broadband, Ciena, Fiber optics, Internet, Manufacturing, Net evolution, Technology