How ATMs Become Jackpot Giving Slot Machines.

In 2011, Barnaby Jack (director of IOActve) demonstrated via an MIT Technology video here how it was possible to hijack an ATM, locally or remotely, so that cash could be extracted from it.

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How Long is it Healthy for a Leader to Stay in Place?

The China Daily presented the move currently underway to extend the time the Chinese leader can stay in post as being “necessitated by the need to perfect the party and the state leadership system”.

                                                                                              © Getty Images

History shows us that most leaders, and especially political and business ones, have a certain ‘shelf life’.

Interim leaders rarely suffer from this problem because their remit is defined. It regularly changes the organisation they are operating in, which means someone with a different skill-set will carry on after they have completed their contribution.

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How to Get to World Class and Stay There

In order for an organisation to steer a deliberate and defined course, it needs to have a coherent strategy, with a well understood and resourced implementation plan. All this needs to be consistent with the way we do things round here – the corporate culture. The Mars organisation: built on and living by its culture.

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The USA, North Korea and China: WWI Re-visited?

Is it just me or is this all starting to take on a similar pattern of woes to that set in motion prior to the outbreak of World War I?

On September 13th, Reuters reported on the situation after the latest nuclear test undertaken by North Korea. Well down in the article was the following quote?

“U.S. Treasury Secretary Steven Mnuchin also warned China, North Korea’s main ally and trading partner, that Washington would “put additional sanctions on them and prevent them from accessing the U.S. and international dollar system” if it did not follow through on the new measures.

Another senior administration official told Reuters that any such “secondary sanctions” on Chinese banks and other companies were on hold for now to give Beijing time to show it was prepared to fully enforce the latest and previous rounds of sanctions.”

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Gross Margin: How Much Is Enough?

Always a tricky problem.

In a mature market with a mature product/service, gross margins (GM) tend to be ungenerous and well understood across the competition and value chain.

Positioning a new product/service that may disrupt an existing market or create a new one is more difficult as it tends to be based upon what the customer is prepared to pay. It is a value call that needs to be considered in terms of client need and benefit. Until competition launches its own version, the field is clear. There is time for strategy to settle down and the company can generate some cash, recover R&D, set up and launch costs. Unless you have the benefit of a highly secure, patented item, the space to make the most of this leadership is small.

So what if you are a ‘newish’ business or launching a product or service new to you but where competition exists?

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