a petter idea

petter shares his views and ideas

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Dumbest business decision of the decade">Dumbest business decision of the decade

December 31st, 2009 · No Comments · innovation & management

116 x served & 27 x viewed

The Swedish busi­ness paper “Dagens Indus­tri” has lis­ted ten can­did­ates for the not so flat­ter­ing dis­tinc­tion “dumbest busi­ness decisions of the dec­ade” in Sweden. Stora Enso tops the list for the decision to acquire Con­sol­id­ated Papers for EUR 4.9 bil­lion in the year 2000.
Stora Enso’s CEO Jukka Härmälä and Chair­man Claes Dahl­bäck burned addi­tion­al bil­lions in restruc­tur­ing the North Amer­ic­an paper com­pany, before finally divest­ing the remain­ing assets to NewPage for EUR 1 bil­lion in 2007. The deal also com­prised 19,9% of the shares, which recently became prac­tic­ally worth­less.
On top of this, the duo sold Finnish and Swedish forest resources and hydro­power assets, just before the boom­ing of wood prices and cost of elec­tricty.
The total loss for Stora Enso has been between EUR 5 and 7 bil­lion accord­ing to the news­pa­per.

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Sports beat Paper!">Sports beat Paper!

December 15th, 2009 · No Comments · innovation & management

70 x served & 14 x viewed

Paper industry has lost almost its entire glow, the recent reces­sion almost wip­ing out any remain­ing aura. Earli­er on, even vis­it­ing groups of stu­dents were treated with good food and drink. Nowadays, they are often not even wel­come since there are no resources to receive vis­it­ing groups, and if they are allowed on, a cup of cof­fee and a dry bis­cuit is enough.
Recently, Amer Sports (own­er of Salomon, Wilson, Atom­ic) were proud to announce to new exec­ut­ives that they recruited from Stora Enso. Sports is today obvi­ously much more attract­ive than paper.

Jussi Siitonen appoin­ted Amer Sports Seni­or Vice Pres­id­ent, Fin­ance

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Failing algorithm">Failing algorithm

December 15th, 2009 · No Comments · printing & publishing

102 x served & 22 x viewed

Amazon has prospered from their amaz­ing algorithms that keep track of cus­tom­er pref­er­ences. This way, they have been able to recom­mend books based on earli­er buys and what oth­er buy­ers of the same books have bought.
But today, I received a recom­mend­a­tion to buy two books that I already have bought from Amazon. It hap­pens that I for­get what I have bought – and even have read – but that can’t be part of Amazon’s algorithms – or…?

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No newspapers on Amazon Kindle?">No newspapers on Amazon Kindle?

August 26th, 2009 · No Comments · printing & publishing

158 x served & 23 x viewed

Rupert Mur­doch has indic­ated News­corp will prob­ably not pub­lish with the Amazon Kindle device in the future. Amazon keep­ing what is thought to be 70% of the rev­en­ue is not a fair deal to him. The same atti­tude seems to hold for Aus­trali­an Fair­fax Media, who obvi­ously is inter­ested in the poten­tial of Apple’s iTunes and iPhone. So where is the mobile news going?

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Old media is dying…">Old media is dying…

August 26th, 2009 · No Comments · printing & publishing

118 x served & 22 x viewed

The clas­sic old­timer magazine Reader’s Digest is going bank­rupt. Or maybe it is more cor­rect to say that the Reader’s Digest Asso­ci­ation is try­ing to sur­vive after reach­ing an agree­ment with its cred­it­ors to reduce debt. So the magazine will maybe sur­vive under bank­ruptcy pro­tec­tion. My fath­er used to read the Swedish ver­sion of Reader’s Digest, and occas­sion­ally I spot­ted books from Reader’s Digest with oth­er people in his gen­er­a­tion. But this was long ago — who is actu­ally read­ing their pub­lic­a­tions today?
Read more at Folio Magazine.

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Illuminated logo">Illuminated logo

April 8th, 2009 · No Comments · Uncategorized

148 x served & 29 x viewed

Taken by sur­prise I had a glass of Itali­an red with a rock star at the Rival bar in Stock­holm. He put his glass on the paper nap­kin, and to our amazement the prin­ted logo was col­oured red by a spot­light shin­ing through the wine in the glass. One chance in a mil­lion to get the right con­di­tions for this?


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Victory of “Dead-Tree” Communication">Victory of “Dead-Tree” Communication

March 24th, 2008 · No Comments · printing & publishing

109 x served & 18 x viewed

Accord­ing to a recent report in Knowledge@Wharton, mar­ket­ing in print is so much more effect­ive than in digit­al media. Actu­ally, it is the print that drives the traffic to the web sites! The find­ings were sup­por­ted by sev­er­al com­ments to the art­icle.

The report was also referred to in the Print CEO Blog, again with a sup­port­ive com­ment about the pos­it­ive effect of com­bin­ing blog­ging and print advert­ising.

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Digital media are overrated!">Digital media are overrated!

March 23rd, 2008 · No Comments · printing & publishing

104 x served & 41 x viewed

An IT research­er at the Hel­sinki Insti­tute for Inform­a­tion Tech­no­logy (HIIT) told me that the digit­al media as web and e-mail are over­rated. Paper and print ar often super­i­or. But we are lack­ing (simple) tools to cre­ate prin­ted products (user-gen­er­ated print media). Unfor­tu­nately, there is no act­or that takes this really ser­i­ously. The digit­al media industry just don’t get it with paper media. The paper industry has as always its focus on the large paper mills, with hun­dreds of thou­sands of tonnes that are “alloc­ated” to dif­fer­ent mar­kets. The graph­ic industry is fully occu­pied with becom­ing cer­ti­fied print­ers accord­ing to the ISO 12647 stand­ard.

Who will take the first step?

Read Risto Sar­vas post here:
The industry must show both con­sumers and busi­nesses that paper is often far super­i­or to digit­al altern­at­ives. Finally, the industry must accept new design and busi­ness per­spect­ives such as human-cent­ric design and user-gen­er­ated con­tent.

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What is innovativeness?">What is innovativeness?

March 23rd, 2008 · No Comments · innovation & management

228 x served & 177 x viewed

I asked Rolf Jensen (of Dream Com­pany):

What do we actu­ally mean with INNOVATIVENESS?
Can it at all be meas­ured?
What does it take to define a per­son, a group, a com­pany or a region (city/country) as truly innov­at­ive?

Rolf Jensen answered:

Dear Pet­ter Kolseth,
Innov­a­tion is used in a lot of ways, I do not believe we can meas­ure it. To me an innov­at­ive person/company is one that can put togeth­er things or ideas – that oth­er people haven’t thought about. My favour­ite quote just now is this: “Unless, there is a con­sensus that it is non­sense what you are doing, it is not a break­through” (by Burt Rutan, the guy with Space­Shi­pOne)

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Can an old company turn modern?">Can an old company turn modern?

March 23rd, 2008 · No Comments · innovation & management

110 x served & 20 x viewed

I read Gary Hamel’s new book The Future of Man­age­ment with enthu­si­asm and frus­tra­tion. He sets the tone already in the pre­face with the fol­low­ing state­ment:

Most com­pan­ies have a roughly sim­il­ar man­age­ment hier­archy (a cas­cade of EVPs, SVPs, and VPs). They have ana­log­ous con­trol sys­tems, HR prac­tices and plan­ning rituals, and rely on com­par­able report­ing struc­tures and review sys­tems. That’s why it’s so easy for a CEO to jump from one com­pany to anoth­er…

His main mes­sage (to me) is about util­ising the col­lect­ive power of the organ­isa­tion in all decision mak­ing, which calls for open­ness and a lot of lat­er­al com­mu­nic­a­tion. Unfor­tu­nately, lat­er­al com­mu­nic­a­tion is too often blocked by hier­arch­ic­al struc­tures.

Maybe I am a “romantic” (just as Gary Hamel?) who is so inspired by the book that I want to begin a cru­sade against 19th cen­tury man­age­ment prin­ciples. Would it not be fant­ast­ic if one of the many dino­saur com­pan­ies could change?

Watch an excerpt from a speech by Gary:
Con­tinu­ous Man­age­ment Innov­a­tion: What, Why and How?

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