Review Category : Politics

The Most-Absurd Strategies of 2014

Behind every strategy there is competition for something: votes, power, profit, fame, etc.

Behind every strategy there is also a rationale, a reason why someone thinks it will work better than the alternatives.

People succeed (and fail) with wildly different strategies. But some strategies go further. They don’t make you think wow, that’s out of the box. They make you think yikes, you’re out of your mind.

Here is our end-of-year, politically incorrect review of absurd strategies. Remember: you don’t have to agree with us. We don’t even agree with each other, except maybe on a couple.

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He Said, He Said

YOU GOT AN OPINION ABOUT THAT?

A Broken Outsourcing Model,” by the Editorial Board of The New York Times. Suppliers in Bangla­desh compete to minimize cost at the risk to their workers lives. “A race to the bottom in the clothing industry needlessly puts lives at risk.”

Competing.com asks: How can we avoid races to the bottom? Should we avoid races to the bottom?

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Public Radio — Do They Understand Competitive Strategy Over There?

Biased in Media is not new. It is actually part of media outlets competing for audience, or competing for talent. This is healthy. The outcome of all Network News becoming one sided (liberal) has been the rise of Fox News as the leading news outlet. Why did ABC, CBS and NBC (and their cable satellites, CNBC, MSNBC) risk antagonizing half of their audiences? Was it a deliberate strategy? More likely it was the  background of the executives and the reporters, and general tendency of journalism school to graduate liberal professionals, coupled with liberal, Democrat-leaning owners like Tisch at CBS, General Electric at NBC, Disney at ABC, and Turner at CNN. Followers of the opposition were actually happy with the blatant bias since it made Fox News stronger, rating-wise. Competition is wonderful.

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How Long Does Clairvoyance Last?

Meredith Whitney predicted the 2007 financial crisis. At the time, economists and Wall Street analysts attacked her prediction. In 2010, she predicted a wave of municipal-bond defaults. As USA Today reports, the director of the National League of Cities called her prediction a “stunning lack of understanding.” Three cities in California declared bankruptcy within three weeks in 2013, including Stockton, the largest in US history. Those bankruptcies still did not faze the critics who called them isolated events.

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