Monday, May 16, 2011

Nineteen Year Old.

This article is about Brian Wong . A 19-year-old University graduate. Hes already on his second company startup called Kiip. He has received $4 million for financing a new ad model which gives mobile game players rewards such as vitamin drinks, $100 Sony tablet.  These gifts will only be offered to players who reach milestones in games on their smartphones and other mobile devices. Kiip aims to fill the void by handing out rewards, with the value tied to the calibre of the achievement. As of right now, these rewards are only available to the United States but Canada will soon follow. Rewards range from gift certificates for flowers, to vitamin water, to a Sony tablet.

Brian Wong is one of this generation’s successful entrepreneur he beat Facebook’s Mark Zuckerberg for being the youngest entrepreneur to raise venture capital funding.  I have not heard of an venture idea quite like this one so its bonus points for Brian Wong to first do this.  Technology attracts all it’s a thing that is developing by the minute and Mark Zukerberg would be a great example because he is a young entrepreneur who made a way for people to connect with each other.

Friday, May 6, 2011

Xerox C.

Xerox Corporation: I believe Xerox problem was not with people but with skills such as communicating with workers. For example Barry Romeril, the chief financial officer had done a weak job overseeing corporate finances. He caused a write off of $119 million from a subsidiary with only $400 million in revenues and he also exposed the company to the turbulent Brazilian economy by failing to hedge against currency exchange rates. The company was also facing downgrade of its bond to junk status and numerous shareholder lawsuits. Barry Romeril exposed the company to the turbulent Brazilian economy by falling down against currency exchange rates. Also another problem with Xerox had been their management of employees. Their schedule forced workers to work extra and left them tired which lead them to leave and join other companies with valuable information about Xerox. In my opioion Barry Romeril should have been fired but since he had an friendship with Allaire, the chairman he remained in this position.