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- Don't give up on the dollar
The dollar's days as the de facto anchor of the world's monetary system are far from over, declares The Economist. There's little to suggest that the euro or the yuan are ready to become global reserve currencies, and calls for the creation of a new global currency would also require the creation of a new global banking institution. "In the absence of such a bank the world will have to make do with the current system," the Economist notes. "Worries about the dollar's value aside, its global dominance is secure for now." The Economist
(11/11)
     
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- Bloomberg's plan for world domination
After years of focusing solely on its lucrative financial information systems business, Bloomberg is broadening its horizons -- and opening its wallet -- in a bid to expand its brand. Even as the rest of the media sector implodes, Bloomberg is hiring new reporters and opening new bureaus, and recently sprang $5 million to take over BusinessWeek magazine. "We need a broader audience," says Daniel L. Doctoroff, Bloomberg's president. "The history of this company is you do the counterintuitive, countercyclical thing. It's part of our DNA." The New York Times
(11/14)
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- How deep cuts kept Eaton Corp. afloat
When the recession struck, Eaton Corp. CEO Alexander "Sandy" Cutler quickly made deep cuts in the company's workforce. Those who stayed had to take unpaid vacation time. The move helped Eaton weather the downturn better than many of its competitors, and now the manufacturing giant is targeting developing-world markets in an attempt to return to growth. The Wall Street Journal
(11/16)
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- Time for purpose-driven leadership
In the 1980s, business leaders were heroes; in the 2000s, they became touchy-feely team-players. Now we need another transition, writes Richard Rawlinson: To lift themselves out of the downturn, companies need visionaries who can delegate day-to-day decision-making and instead focus on articulating their company's broader drive and mission. Strategy+Business (free registration)
(11/16)
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- Does your leadership pass the lunch test?
You know you're a real leader when you're so invested in a project that you're willing to skip lunch for it -- and amazed your employees aren't eager to do the same, writes David Silverman. "A few weeks ago, at around 2 pm, I realized I'd become an executive," he writes. "It's at meals where priorities and responsibilities are realized." HarvardBusiness.org/Words At Work blog
(11/16)
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- To encourage innovation, show your softer side
If you want to foster innovation, you need to embrace your neuroses, writes Saul Kaplan. Only by recognizing that something's missing, being unsparingly self-critical and welcoming even the most brutal feedback can you create something new. "The cliché that innovators have thick skin is true -- but it isn't impenetrable armor," Kaplan writes. "It is a semi-permeable membrane that enables a free flow of ideas and experiences in both directions." BusinessWeek
(11/16)
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- A historian's view of holidays past
The National Museum of American History in Washington, D.C., has created "Holidays on Display," a look at the art and business behind events such as the Macy's Thanksgiving Day Parade. Washington's late Woodward & Lothrop department store, which once had 50,000 visitors a day to its holiday window display, inspired the collection. WashingtonPost.com
(11/14)
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 | It would be very difficult to say you're being prudent to put all your eggs in the U.S. basket right now."
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