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Home Blog Page 4114

The Innovation Zone, Features of Great Innovative Companies [video]

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Creating a new basis of competition and operating in the Innovation Zone.

What are the features of great innovative companies? 

You must have these 4 features to lead your category and become a category-king.  The greatest reward for innovation is to turn customers into FANS. Of course, very few companies accomplish that. A state of fandom means massive value creation for all stakeholders. Over the next 12 weeks in Tekedia Mini-MBA, we will be looking at the physics of making innovation happen as companies pursue missions.

Source: From Tekedia Mini-MBA Live Zoom class, June 10, 2023. Join for the full 90-minute video

Commoditization of Sex and the Dearth of Affection in Romance and Social relations

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Commoditization simply means the reduction of a thing to a mere commodity. A commodity is anything that has economic value and can be exchanged for money or any other acceptable means of exchange. Commoditization was used by Marxist theorists to explain the process by which capitalism changes something not regarded as an economic good into something with price, and consequently part of the economy.

In his Capital, Karl Marx identified the two types of values, namely real value and economic or monetary value. The real value of a thing is its inherent unique value which cannot be compared to something else. Monetary value on the other hand entails the worth of something based on its economic cost of production. In other words, the real value of a thing is largely determined by nature while the monetary value of a thing is determined by the economic forces of demand and supply.

For instance, it is not out of place to think one would naturally prefer to be gifted a brand new Toyota Corolla as against being gifted a bottle of cold beverage for one’s twenty-first birthday. However, when you reconsider the same option for someone who is extremely exhausted and dehydrated in the middle of a journey, the outcome of the choice is likely to be different.

It is in the light of the foregoing hypothetical scenario that some scholars in the field of psychology came up with the idea of subjective wellbeing as a parameter for understanding people’s intrinsically driven choices or decisions. Subjective wellbeing is the collective thought and feelings of people that support their choice of a particular thing or action among alternatives. Essentially, while the satisfaction that comes with our having a thing is extrinsically impacted by our knowledge of the market value of things, it will be recalled that in some special situations, some things appear to be extremely valuable to us regardless of their market value.

However, in line with Marx’s proposition that social relations rest on the economy, the impact of commoditizing things is felt in almost every aspect of our social life including interpersonal relationships and romantic affairs and how love is generally conceived and practiced in society. Consequently, sex and sexual activities have been highly motivated by economic survival rather than their traditional roles of procreation and increasing emotional bond and compassion among lovers.

I recall, on a social media platform I belong to, a young man lamented how most young women these days think less of their other functional roles in a relationship than their ability to gratify men’s sexual desires. This fixated mindset, he claimed, spurs the excessive demands and compulsive show of entitlement by women in most romantic relationships. The sentiment shared by the young lad seemed quite popular and genuine considering the lots of supportive reactions and responses it got from largely the male folks and a few women on the platform.

But my position was quite the opposite. I argued that the situation is not a sex or gender-specific problem; rather, it is a social problem affecting both the male and the female individuals in diverse ways. Consider if sex is not highly priced by men, perhaps most women would not have placed premium on their sex organs.

The prevalence of dysfunctional relationships and increasing role conflicts in most romantic affairs today has been largely due to the unintended consequences of the increasing commoditization of sex. The meaning and relevance of sex have vastly changed over the course of the last centuries. Sex has transcended from a sacred affair confined to marriage institution to a commodity accessible in some business centres such as brothels, clubs or pubs.

The commoditization of sex has also been impacted by technological advancement and proliferation of dating apps, making the practice of sex as an economic exchange seamless for the participants. Generally, the practice of casual sex which has been highly driven by cultural globalization has continued to shatter the idea of attaching sex to serious affection or to an institution. People have also published in ecosystems  with Kink videos being very common.

Also, the thought of sex expanding into a sport or sporting activity has been recently ignited by a viral report that Sweden was planning to host the inaugural global sex tournament in June 2023. However, according to Complete Sport, the Swedish Government has denied this information, claiming the misinformation by some international media was with the intent of smearing the Government.

CryptoCom to Shut Its US Affiliate, Binance-US Suspends USD Trading

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In a surprising move, Cryptocom, one of the leading cryptocurrency platforms in the world, announced that it will shut down its US affiliate by the end of this year. The decision comes amid increasing regulatory scrutiny and legal challenges from US authorities and customers. The decision comes after facing regulatory hurdles and legal challenges from various authorities in the country.

Cryptocom said that it will focus on expanding its operations in other markets where it has a stronger presence and more favorable conditions. The company also assured its existing customers in the US that they will be able to withdraw their funds and access their accounts until the closure date.

Cryptocom, which was founded in 2018 and has over 10 million users worldwide, offers a range of services such as trading, lending, staking, and payments using various digital assets. The platform also operates its own native token, CRO, which has a market capitalization of over $2 billion.

Relatively, Binance-US, one of the leading cryptocurrency exchanges in the United States, has announced that it will temporarily suspend USD deposits and withdrawals on its platform. The company cited technical issues with its banking partner as the reason for this decision. Binance-US assured its customers that their funds are safe and that they are working to resolve the problem as soon as possible. The suspension will affect both fiat and stablecoin deposits and withdrawals, but not crypto-to-crypto transactions. Binance US apologized for any inconvenience caused by this disruption and thanked its users for their patience and support.

However, the company has faced several difficulties in operating in the US market, which is one of the most regulated and competitive in the world. According to a statement from Cryptocom, the US affiliate has been unable to meet the compliance requirements and customer expectations in the country and has suffered from low profitability and high operational costs.

As a result, Cryptocom decided to cease its operations in the US and focus on other markets where it has a stronger presence and growth potential. The company said that it will provide a smooth transition for its existing US customers, who will be able to withdraw their funds and transfer their accounts to other platforms before the shutdown date.

The announcement has sparked mixed reactions from the crypto community, with some expressing disappointment and frustration over losing access to Cryptocom’s services, and others praising the company for its honesty and transparency. Some analysts also speculated that Cryptocom’s exit from the US could pave the way for other crypto exchanges and crypto infrastures to look outword for conducive and workable environment for trading crypto.

Netflix Password-Sharing Crackdown Pays Off as Company Records Surge in Subscriptions

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American subscription video-on-demand top streaming service Netflix’s crackdown on password sharing seems to be paying off, as the company records a surge in subscriptions.

During the four days following Netflix’s announcement about limiting accounts to a single household, the company saw an increase in subscribers in the U.S., than in any other four-day period since 2019.

Reports reveal the streaming giant saw almost 100,000 daily sign-ups on both May 26 and May 27. Average daily Sign-ups reached 73k during that period, a 102% increase from the prior 60-day average. These exceeded the spikes in sign-ups Antenna observed during the initial U.S. Covid-19 lockdowns in March and April 2020.

Shares of Netflix rose over 2% on Friday morning, and have gained about 17% since the May 23rd password crackdown.

Netflix password crackdown is coming after analysts revealed that the company and other U.S. streaming video services lose about $25 billion a year in potential revenue due to password sharing.

Netflix previously turned a blind eye to password sharing because it was fueling growth. The company didn’t always have a problem with subscribers sharing their passwords.

In 2016, the company’s CEO Reed Hastings described the practice as a “positive thing”, because so many password sharers eventually got their own accounts.

However, last year it said that it was going to crack down on password sharing because it hurts its bottom line. It has previously estimated that more than 100 million households worldwide share an account.

Netflix says it has no choice but to crack down on “unpaid viewing” as subscriber growth slowed. While executives say they know the new policy isn’t popular and some people may cancel their accounts, they hope to lure them back with quality programming.

In a bid to reduce its lose on password sharing, in May 2023, Netflix officially began to crackdown on users who share passwords in the United States as it looked to increase revenue in what has become a saturated market.

Also, the company began to clamp down on password sharing in several countries earlier this year, which includes Spain, Portugal, including Canada, and New Zealand.

Netflix said in an earnings call last month that it has seen a cancel reaction in each market when it announced the news about the paid sharing option, but then it sees increased acquisition and revenue.

With the new policy, only users who are part of a Netflix Household, those who are using the same internet connection, will be able to access the account

Those who are currently borrowing a Netflix password will get an update when they try to log in that tells them how to start their own account. With the recent surge in revenue and subscriptions, Netflix obviously did not go wrong on its password crackdown idea.

Filecoin (FIL) Price Prediction: Uwerx (WERX) Has Equal Potential To Filecoin (FIL)

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When projects with a potential launch in the crypto space, it’s primarily evident through the utilities they offer the market. In addition, they also usually have some of the biggest presale runs in the market ever. Filecoin(FIL) is a crypto project that had a good run during its launch, and Uwerx will be emulating this success. The WERX token is presently on presale and has made over $1 million in revenue. The tokens have approached Stage 5 presale, and WERX could present the biggest run in the crypto market ever.

Uwerx(WERX) Has Exciting Potentials

Uwerx is a new crypto project looking to launch on the Ethereum blockchain. The project launched presale some weeks back, and is presently on Stage 5. Uwerx is moving fast and looking to build a better future for the gig economy. It aims to evolve to be more than a random freelance platform but a distinct project that can help freelancers grow better, earn more, and improve their overall efficiency.

Uwerx’s successes will stem from its community, its introduction of decentralization into freelancing, the lower fee feature, and its ongoing presale. There is a benefit for everyone who joins WERX, ranging from investors to clients and freelancers. The current WERX presale is an opportunity for investors to earn and be an active part of the governance system on Uwerx.

The network launched its Alpha version recently, and users are impressed by the progress. Uwerx looks to improve its processes and features and launch its beta version soon. The project is also having its presale currently, with the possibility of attaining over $2.5 by the time it launches.

Uwerx is ready to lead the market and willing to help investors, freelancers, and clients lead in their respective fields.

Filecoin(FIL)

Filecoin(FIL) is a blockchain system that addresses the issue of data storage in the crypto landscape. It is a decentralized storage network and cryptocurrency designed to facilitate secure and efficient storage and retrieval of data. Like most crypto projects, the system aims to solve one or more problems in the landscape. It seeks to address data storage challenges, such as scalability, redundancy, and affordability. And it does this by leveraging blockchain technology and a decentralized network of storage providers.

Filecoin(FIL) is a project with one of the biggest presale successes, having recorded over 350% increase at launch. Uwerx is looking to do as much, or even better, on presale. Find out more about the WERX presale below.

Uwerx (WERX) presale 

WERX is on Stage 5 presale and has taken giant strides since its presale started. The token WERX is $0.041 on presale, and it comes with a 15% bonus offer which could help you position yourself for bigger gains. WERX tokens would most likely go as high as $2.5 by 2024, and you’d be doing yourself a favor by buying it cheaper now. Use the links below to buy your WERX token on presale.

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network