Idea – it can be said to be a magic word because people across industries and levels run after them. Beautiful ideas are those that have bought revolutionary transformations, but that does not mean that they arise perfectly formed from someone’s mind or become perfect over time. Beautiful ideas are like a work in progress, they offer ongoing possibilities for improvement.

LG Electronics had a very tough time getting acceptance from US retailers and consumers as a premium brand. The electronics giant made three attempts over four years and went on to become the top seller of washing machines and refrigerators where it has maintained the lead. This article discusses how former president and CEO of LGE Americas Michael Ahn went about making LG a premier brand in the United States. 

Source: Insead

This article approaches the current financial state from a positive angle, according to the author provides it is actually fear and lack of confidence that is holding back the economy which otherwise is poised for substantial growth. An important reason which is holding back business managers from hiring or consumers from making more purchases is the lack of a clear picture of what the future holds. They should know that shrinking loan losses and strong earnings have left banks with a lot of cash which they can lend to qualified buyers.

There was a time when Japan was among the most dynamic countries in Asia, but where Asia’s others major cities like Shanghai, Mumbai and Jakarta continue to forge ahead dynamically, Japan lives in a state of inertia. Growth is almost nonexistent and this year the nation would probably lose its prized status as the No.2 global economy to China. Some of the major issues that afflict Japan include a fiscal disaster, weakening competitiveness and an aging society. The country is still doggedly pursuing the same growth model that helped it during its years of booming growth.