You might think that the best place to locate a new venture would be in an industry hub \u2013 say, Silicon Valley for a tech startup, or New York City for a publishing venture. After all, that\u2019s where you\u2019ll make connections, find networking opportunities, and tap into industry expertise. But, it turns out you may be better off locating your venture elsewhere. New research from Evan Rawley at the University of California at Berkeley and Philipp Meyer-Doyle of INSEAD shows that \u201cagglomeration effects\u201d — the benefits you get from sharing industry expertise or infrastructure — are portable, especially if you work in a service industry. And while it may seem counterintuitive to move away from an industry hub, it turns out that the benefits of staying within the hub are offset by the effects of the greater competition. Rawley explains in this Columbia Ideas at Work<\/A> piece: \u201cIf you\u2019re coming from a New York bank and starting up a new hedge fund, even if you are well connected in New York, you\u2019re competing with people who are also well connected. There are a lot of hedge funds chasing dollars in New York, but very few in Missouri.\u201d<\/p>\n Moral of the story? You can strike out on your own. In fact, you probably should.<\/p>\n <\/p>\n <\/p>\n \n CHEW ON THIS<\/a><\/p>\n \n While the world produces more food than ever before, 1 in 7 people go to bed hungry every night. Many of them are farmers. Danielle Nierenberg at Bloomberg<\/em> describes how we got here: \u201cIn the 1990s, the regulation controlling agriculture futures was abolished, thanks to the lobbying efforts of Goldman Sachs and others. Those futures were turned into derivatives to be bought and sold among traders, and a market in food speculations emerged, which happened to coincide with some of the biggest spikes in food prices around the world.\u201d According to Nierenberg, the price of the world\u2019s food has effectively doubled in the last decade and shows no signs of returning to previous levels. And this is exactly what traders want. She cautions: \u201cThe Arab Spring will look like a pep rally if the price doubles again. This kind of unrest will come back to haunt us. But that\u2019s what the smart money is betting on.\u201d\n <\/p>\n \n BAD NEWS FOR SUPERMARKET TABLOIDS<\/a><\/p>\n \n \u201cShowrooming,\u201d or checking out merchandise in stores while simultaneously using your phone to find a better deal, is common practice among smartphone owners. It\u2019s one of the ways these devices have changed the retail landscape, for better or worse. But, it turns out that our phones are modifying the way we shop in more unexpected ways, too. Kit Yarrow at TIME<\/em> details three: 1) We\u2019re making fewer impulse purchases at checkout lines (turns out that our smartphones are more enticing than candy bars or Kim Kardashian\u2019s diet secrets); 2) We\u2019re colliding with other shoppers more often (we\u2019re too busy texting to watch where we\u2019re going); and 3) We\u2019re snubbing salespeople. A study by Accenture found that 73% of shoppers with smartphones would rather consult their devices than a salesperson.\n <\/p>\n \n BONUS BITS:<\/a><\/p>\n \n The Best and Worst of the Internet\u2019s April Fools\u2019 Day Pranks (The Atlantic Wire)<\/A> \t\t<\/p>\n You might think that the best place to locate a new venture would be in an industry hub \u2013 say, Silicon Valley for a tech startup, or New York City for a publishing venture. After all, that\u2019s where you\u2019ll make connections, find networking opportunities, and tap into industry expertise. But, it turns out you may […]<\/p>\n","protected":false},"author":7379,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-650007","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/650007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7379"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=650007"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/650007\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=650007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=650007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=650007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}When Eating is an Economic Act (Bloomberg Businessweek)<\/a><\/h4>\n
Beyond Showrooming: 3 Quirky Ways Smartphones Are Changing How We Shop (TIME)<\/a><\/h4>\n
Just Another Day at the Office<\/a><\/h4>\n
\nGoogle\u2019s Greatest April Fools\u2019 Hoax Ever (Hint: It Wasn\u2019t a Hoax) (Time)<\/A>
\nApril Fools\u2019 Gadgets: You\u2019ll Wish Some of These Were Real (CNET)<\/A>\n <\/p>\n<\/p><\/div>\n<\/img><\/a>
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