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Ted Turner

Young Ted Turner - ENLARGE
Robert Edward "Ted" Turner III (born November 19, 1938) is an American media mogul. As a businessman, he is known as founder of the cable news network CNN, the first 24-hour cable news channel. In addition, he founded WTBS, which pioneered the superstation concept in cable television. As a philanthropist, he is known for his $1 billion gift to support the United Nations, which created the United Nations Foundation, a public charity to broaden support for the UN. Turner serves as Chairman of the United Nations Foundation board of directors.

Turner's media empire began with his father's billboard business, which he took over at 24 after his father's suicide. The business, Turner Outdoor Advertising, was worth $1 million when Turner took it over in 1963. Purchase of an Atlanta UHF station in 1970 began the Turner Broadcasting System. Cable News Network revolutionized news media, covering the Space Shuttle Challenger disaster in 1986 and the Persian Gulf War in 1991. Turner turned the Atlanta Braves baseball team into a nationally popular franchise and launched the charitable Goodwill Games. He helped reinvent interest in professional wrestling when he owned one of the most popular wrestling companies of the middle to late 1990s known as World Championship Wrestling (WCW). The Monday night show that it put on was the highest rated on cable and helped boost Turner's channels of TNT and WTBS.

Turner's penchant for controversial statements earned him the nicknames "The Mouth of the South" and "Captain Outrageous". Turner has also devoted his assets to environmental causes. He was the largest private landowner in the United States until John C. Malone surpassed him in 2011. He uses much of his land for ranches to re-popularize bison meat (for his Ted's Montana Grill chain), amassing the largest herd in the world. He also created the environmental-themed animated series Captain Planet and the Planeteers. Read more...

Business term of the day - Term for July 3, 2013: "Affinity diagram"

Keywords: affinity diagram


The affinity diagram is a business tool used to organize ideas and data. It is one of the Seven Management and Planning Tools.

The tool is commonly used within project management and allows large numbers of ideas stemming from brainstorming to be sorted into groups, based on their natural relationships, for review and analysis. It is also frequently used in contextual inquiry as a way to organize notes and insights from field interviews. It can also be used for organizing other freeform comments, such as open-ended survey responses, support call logs, or other qualitative data.

People have been grouping data into groups based on natural relationships for thousands of years; however the term affinity diagram was devised by Jiro Kawakita in the 1960s and is sometimes referred to as the KJ Method.

Samuel Moore "Sam" Walton

Sam Walton, 1936 - ENLARGE
Samuel Moore "Sam" Walton (March 29, 1918 – April 5, 1992) was an American businessman and entrepreneur born in Kingfisher, Oklahoma best known for founding the retailers Walmart and Sam's Club.

Sam Walton was born to Thomas Gibson Walton and Nancy Lee, in Kingfisher, Oklahoma. There, he lived with his parents on their farm until 1923. Sam's father decided farming did not generate enough income on which to raise a family and decided to go back to a previous profession of farm mortgaging[3] where he repossessed farms during the Great Depression.

He and his family (now with another son, James, born in 1921) moved from Oklahoma to Orlando, Florida. There they moved from one small town to another for several years. While attending eighth grade in Shelbina, Sam became the youngest Eagle Scout in the state's history. In adult life, Walton became a recipient of the Distinguished Eagle Scout Award from the Boy Scouts of America.

Eventually the family moved to Columbia, Missouri. Growing up during the Great Depression, Walton had numerous chores to help make financial ends meet for his family as was common at the time. He milked the family cow, bottled the surplus, and drove it to customers. Afterwards, he would deliver Columbia Daily Tribune newspapers on a paper route. In addition, he also sold magazine subscriptions. Upon graduating from David H. Hickman High School in Columbia, he was voted "Most Versatile Boy".

After high school, Walton decided to attend college, hoping to find a better way to help support his family. He attended the University of Missouri as a ROTC cadet. During this time, he worked various odd jobs, including waiting tables in exchange for meals. Also during his time in college, Walton joined the Zeta Phi chapter of Beta Theta Pi fraternity. He was also tapped by QEBH, the well-known secret society on campus honoring the top senior men, and the national military honor society Scabbard and Blade. Upon graduating in 1940 with a Bachelor's of Economics, he was voted "permanent president" of the class.

Walton joined J.C. Penney as a management trainee in Des Moines, Iowa[8] three days after graduating from college. This position paid him $75 a month. He resigned in 1942 in anticipation of being inducted into the military for service in World War II. In the meantime, he worked at a DuPont munitions plant near Tulsa, Oklahoma. Soon afterwards, Walton joined the military in the U.S. Army Intelligence Corps, supervising security at aircraft plants and prisoner of war camps. In this position he served at Fort Douglas in Salt Lake City, Utah. He eventually reached the rank of Captain. Read more...

Business term of the day - Term for July 2, 2013: "Adversarial purchasing"

Keywords: adversarial purchasing
Adversarial purchasing is a form of strategic management designed to increase competition for a buyer's business in business-to-business relationships while simultaneously lowering the firm's dependence on a single supplier. Successful implementation of this strategy can lower the firm's prices and raise the service and attention from its suppliers.

Obama's view on European countries' reaction over spying

U.S. seeks to calm European outrage over alleged spying


DAR ES SALAAM (Reuters) - President Barack Obama tried on Monday to reassure European allies affronted by reports of U.S. spying by suggesting all the world's intelligence services were involved in finding out the thinking of opponents and allies alike.

Spying - Enlarge image
The European Union has demanded the United States explain a report in a German magazine that Washington was spying on the bloc, calling such surveillance shocking if true.
French President Francois Hollande said the alleged action was intolerable and could hinder U.S. relations with Paris and the EU. "We want this to stop fast," he said.
Obama, on a visit to Tanzania, promised to supply all the information requested by European allies regarding the spying allegations, which he said Washington was still evaluating.
"Every intelligence service, not just ours, but every European intelligence service, every Asian intelligence service, wherever there's an intelligence service, here's one thing they're going to be doing: they're going to be trying to understand the world better and what's going on in world capitals around the world from sources that aren't available through the New York Times or NBC News," Obama said.
"If that weren't the case, then there would be no use for an intelligence service. And I guarantee you that in European capitals, there are people who are interested in - if not what I had for breakfast - at least what my talking points might be should I end up meeting with their leaders. That's how intelligence services operate."
His secretary of state, John Kerry, who is in Brunei for an Asian security conference, said the United States was not alone in using "lots of activities" to safeguard its security.
Revelations about the U.S. surveillance program, which was made public by fugitive former NSA contractor Edward Snowden, have raised a furor in the United States and abroad over the balance between privacy rights and national security.
The Guardian newspaper said on Sunday the United States had also spied on non-European allies, including Japan, South Korea and India - all represented at the Asian security conference.
Kerry confirmed that EU foreign policy chief Catherine Ashton had raised the issue when he met her in Brunei. He said he had yet to see details of the newspaper allegations.
"I will say that every country in the world that is engaged in international affairs and national security undertakes lots of activities to protect its national security and all kinds of information contributes to that. All I know is that it is not unusual for lots of nations," Kerry told a news conference.
Several EU policymakers said talks on a U.S.-EU free trade deal should be frozen until Washington clarified its activities.
European Commission President Jose Manuel Barroso has asked officials to carry out a security sweep of EU buildings, said Pia Ahrenkilde Hansen, spokeswoman for the EU's executive body.
Martin Schulz, president of the EU Parliament, said the United States had crossed a line.
"I was always sure that dictatorships, some authoritarian systems, tried to listen ... but that measures like that are now practiced by an ally, by a friend, that is shocking, if it is true," Schulz said in an interview with France 2 radio.
STRONG TIES, SNOOPING CONCERNS
Obama emphasized that U.S.-European ties were strong.
"The Europeans are some of the closest allies that we have in the world. And we work with them on everything, and we share intelligence constantly," he said.
"I've asked my team ... to evaluate everything that's being claimed. When we have an answer, we will make sure to provide all the information that our allies want."
Officials in Japan and South Korea said they were aware of the newspaper reports and had asked Washington to clarify them.
A U.S. State Department spokesman said talks with allies about the issue were already underway.
In an article that sparked EU outrage, Der Spiegel said on Saturday that the National Security Agency (NSA) bugged EU offices and gained access to EU internal computer networks.
On Sunday the German magazine reported that the U.S. agency taps half a billion phone calls, emails and text messages in Germany in a typical month, much more than any other European peer and similar to the data tapped in China or Iraq.
Hollande said he had told Foreign Minister Laurent Fabius to contact Kerry for an explanation and that Fabius would also meet the U.S. ambassador in Paris "to make the point that we cannot tolerate this kind of behavior between allies and friends".
The French president said France and the EU, if not all U.S. partners, would need guarantees on the spying issue before going ahead with negotiations and dealings with the United States.
"We know there are systems that need to be monitored, notably in the battle against terrorism, but I don't think this risk exists within our embassies or the European Union," he said.
A Mexican official said Washington should apologize.
"In my view, the first thing should be to offer an apology to the countries affected," said Gabriela Cuevas, head of the Mexican Senate's foreign relations committee.
In Berlin, German Justice Minister Sabine Leutheusser-Schnarrenberger said the spying reports recalled Cold War hostilities. "It goes beyond any imagination that our friends in the United States view the Europeans as enemies," she said.
Peer Steinbrueck, Social Democrat candidate for German chancellor, said the EU and European parliament should halt trade talks with Washington until "these activities are ruled out" in future.
The European Commission was cagy on whether the row would affect the EU-U.S. free trade talks set to begin in Washington on July 8. Spokeswoman Hansen said: "All I can say is we are very much focused on the question of these allegations and we are looking for a clear statement from our American partners."
Snowden is now holed up at an international airport in Russia, from where he has applied for asylum in Ecuador.
Russian President Vladimir Putin said Moscow would never hand Snowden over, but that if he wanted to stay in Russia he must "stop his work aimed at harming our American partners".
(Additional reporting by Lesley Wroughton in Brunei, Adrian Croft in Brussels, Pierre-Henri Allain in Paris, Catherine Hornby in Rome, Alissa de Carbonel in Moscow, Noah Barkin in Berlin, Paul Eckert in Washington, Simon Gardner, and Simon Gardner in Mexico; Writing by Stuart Grudgings and Jeff Mason; Editing by Alistair Lyon and Andrew Heavens)

Steve Jobs

Steve Jobs - ENLARGE
Steven Paul "Steve" Jobs (/ˈdʒɒbz/; February 24, 1955 – October 5, 2011) was an American entrepreneur and inventor,[8] best known as the co-founder, chairman, and CEO of Apple Inc. Through Apple, he was widely recognized as a charismatic pioneer of the personal computer revolution and for his influential career in the computer and consumer electronics fields, transforming "one industry after another, from computers and smartphones to music and movies..." Jobs also co-founded and served as chief executive of Pixar Animation Studios; he became a member of the board of directors of The Walt Disney Company in 2006, when Disney acquired Pixar. Jobs was among the first to see the commercial potential of Xerox PARC's mouse-driven graphical user interface, which led to the creation of the Apple Lisa and, one year later, the Macintosh. He also played a role in introducing the LaserWriter, one of the first widely available laser printers, to the market.

After a power struggle with the board of directors in 1985, Jobs left Apple and founded NeXT, a computer platform development company specializing in the higher-education and business markets. In 1986, he acquired the computer graphics division of Lucasfilm, which was spun off as Pixar. He was credited in Toy Story (1995) as an executive producer. He served as CEO and majority shareholder until Disney's purchase of Pixar in 2006. In 1996, after Apple had failed to deliver its operating system, Copland, Gil Amelio turned to NeXT Computer, and the NeXTSTEP platform became the foundation for the Mac OS X.[15] Jobs returned to Apple as an advisor, and took control of the company as an interim CEO. Jobs brought Apple from near bankruptcy to profitability by 1998.

As the new CEO of the company, Jobs oversaw the development of the iMac, iTunes, iPod, iPhone, and iPad, and on the services side, the company's Apple Retail Stores, iTunes Store and the App Store. The success of these products and services provided several years of stable financial returns, and propelled Apple to become the world's most valuable publicly traded company in 2011. The reinvigoration of the company is regarded by many commentators as one of the greatest turnarounds in business history.

In 2003, Jobs was diagnosed with a pancreas neuroendocrine tumor. Though it was initially treated, he reported a hormone imbalance, underwent a liver transplant in 2009, and appeared progressively thinner as his health declined. On medical leave for most of 2011, Jobs resigned in August that year, and was elected Chairman of the Board. He died of respiratory arrest related to his metastatic tumor on October 5, 2011.

Jobs received a number of honors and public recognition for his influence in the technology and music industries. He has been referred to as "legendary", a "futurist" or simply "visionary", and has been described as the "Father of the Digital Revolution", a "master of innovation", "the master evangelist of the digital age" and a "design perfectionist". Read more...

Business term of the day - Term for July 1, 2013: "Adaptability"

Keyword: adaptability in buisness
Adaptability (Latin: adaptō "fit to, adjust") in business is a feature of a system or of a process. This word has been put to use as a specialised term in different disciplines and in business operations. Word definitions of adaptability as a specialised term differ little from dictionary definitions. According to Andresen and Gronau  adaptability in the field of organisational management can in general be seen as an ability to change something or oneself to fit to occurring changes. In ecology, adaptability has been described as the ability to cope with unexpected disturbances in the environment. However, the word definitions in these fields are just the starting points for detailed analysis of system adaptability.

With respect to business and manufacturing systems and processes adaptability has come to be seen increasingly as an important factor for their efficiency and economic success. In contrast, adaptability and efficiency are held to be in opposition to each other in biological and ecological systems, requiring a trade-off, since both are important factors in the success of such systems. To determine the adaptability of a process or a system, it should be validated concerning some criteria.
Source: Wikipedia