Australian-money

Economic conditions for Australians, November 2008

Here at Lightbulb we are no friend of churnalism. It misleads, rots brains, produces stupidity.

So instead of regurgitating writing by others (ie churnalism), our preference is to include links to good writing while providing analysis or commentary. After all, Lightbulb is a magazine or journal style of publication, not a daily.

This preference flew out the door this morning. It took flight on reading a very timely, succinct and nicely illustrated piece by Jim Belshaw on the economic conditions for Australians today. Belshaw provides a snapshot on a paper delivered by Ric Battellino, the Deputy Governor of Australia's Reserve Bank.

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Hense_oz

Skilled migration to Australia made easier

The skills shortage in Australia is continuing to produce a range of responses, including by governments, private enterprise, and the education sector. Our firm has responded by publishing a Special Collection on recruitment and employment law.

We turn now to migration law. Migration law expert, Paul Hense (pictured), has accepted our invitation to provide a series  of reports. We begin with his overview of key changes.

From 1 September 2007 a new points system has been introduced for those seeking skilled migration to Australia under the General Skilled Migration Program. It applies to a wide range of applicants.

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Lightbulb_mandarin

Domain name scam - made in China?

Two weeks ago I had an email exchange with "Jeff Zhang" of jeff@longyu.org.cn, or so it seemed. His first sentence was: "This is Shanghai Long Yu Information Technology Co. Ltd which is a professional domain name registration and service company in China." I noted the "cn" in the email address, being for China. I checked, www.longyu.org.cn but it led to nothing.

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Hense_oz

Australian migration numbers, visas and leadership

Australia has a new Federal Government, and with it new leadership in the migration portfolio. Before reflecting on this, we answer these two questions:

1.  How many migrants has Australian had annually?

2.  What visa categories have they been accepted in?

In spite of former Prime Minister Howard's ambiguous views on some aspects of the Australian migration programme, Australia has accepted increased numbers of migrants in recent years. This has been caused by an increase in the numbers under the skilled migration programe (with a drop in family reunion migration).

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Faux_sanskrit

Record penalties for trade practices law non-compliance

Once more the dire consequences of breach of Part IV of the Trade Practices Act 1974 (Cth) ("Act") have been made clear. This time with record penalties, injunctive orders and compliance orders imposed by the Federal Court of Australia.

Today Australian billionaire, Richard Pratt, his company and two of his senior executives were all found responsible to various degrees for breaches of the Act in the corrugated fibreboard packaging products market in Australia. The penalties require Visy to pay A$36 million, and two executives to respectively pay A$1.5 milion and A$500,000.

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Accc_logo

When is a distribution agreement not a franchise?

The regulation of franchise agreements in Australia is vastly more restrictive than for licence or distribution agreements. There are dire consequences if an agreement unintentionally crosses the line to become a franchise in the eyes of the law.

Until now there's been little common law to distinguish franchise agreements from other similar arrangements. We now have a case, the Federal Court decision of ACCC v Kyloe Pty Ltd [2007] FCA 1522 decided on 18 October 2007. It turns on its facts. It's not an extended thesis on the distinction. The takeaway is obtain advice to stay on the right side of the line.

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Google-opensocial

Open APIs and market dynamics defined

The concept of market dynamics comes from economics. In a flat world market dynamics takes place internationally. In a networked world market dynamics change at a blistering pace. These are knowns. What about unknows?

How do you stay in touch, stay ahead or catch up in your business? How do you then reposition and refresh your strategy for new challenges when the horizon changes unpredictably, and suddenly? Sunrise and sunset on the net don't arrive in neat 24 hour blocks.

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Marc_newson_lockheed_lounge

Australia's national innovation policy, ho hum

Are you yarning yet? You will if you read Knowledge + Innovation + Wealth. It's by the Australian Institute for Commercialisation (AIC) and the Business Council of Australia (BCA). On the other hand, it may be the paper is a realistic mirroring of the sleepy state of innovation policy in Australia.

If you fell into a coma in 1997 and came out in 2007 you'd find little improvement in the policy. Most positive changes in innovation policy developmentat at the Local, State or Federal level seem to have been reactions to developments elsewhere or abroad rather than proactive.

There's been some positive changes in Australia. Laws and tax rates for venture capital have improved. There's been cultural changes, more people energised and focused on business than decades before. There's increased online availability of information resources. There is  even more interest in commercialisation than ever before in Australia.

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Thomas_edison

IP strategy for R&D: people first

This is an article on IP strategy for R&D. In long hand that's intellectual property (IP) strategy for research and development (R&D).

People differ in their interests, personality and skills. This leads them to selecting different educational and career paths. These facts should prompt all managers to customise the way they manage individuals in the workplace.

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Paris_engre_louvre

User generated content and copyright monopolies

Google is remaking what's OK and what's not under copyright law.

The use of search engines (see table below) has a domino affect. People use search engines and then copy found content elsewhere to create what is now known as "user generated content". That's not a technical phrase. The phrase certainly means little in the context of copyright law. There's bound to be more court cases about it sometime soon.

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Rembrandt_syndics_clothmakers

Reducing obstacles for collaboration formation

Going solo in business is easier in some ways than doing business in a collaboration. Collaboration requires alignment of the ambitions, agendas and styles of two or more individuals, companies or organisations. This can be more work than it's worth.

However, doing business in collaboration is generally easier, and a whole lot more profitable, than battling solo.

Our focus here is on practical advice for collaboration formation. Do that well and you will reduce subsequent obstacles to develop, grow or exit from a collaboration.

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Arthur_frommer

Feedback for Lightbulb in the blogsphere

Jimi Hendrix, the master of feedback would have appreciated hyperlinks. On the internet, and especially in blogs, a hyperlink can be feedback. In recent months our site has enjoyed more hyperlink feedback than ever before. Time to express thanks.

Thanks to Bootstrapper. Our post, Four tasks to increase values or prices in business transactions, is included in its The 100 Best Business Finance Posts of All Time.

The naming and branding agency, Igor International, likes our post titled Generate great trade marks to register.

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Luxury_fashion_branding_book_cover

Fashion retailing online - lore and law

Guess which Christian Dior store location earned by mid-2006 more revenue than any other? It's http://www.dior.com. It's the kind of news that turns fashion business lore into pure myth.

There is growing evidence that fashion businesses should re-think traditional beliefs about where and how consumers buy. Ensure you read the yellow highlighted sentences below.

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Youtube_filter_yourself

Beware of Google bearing copyright tips

Google (the owner of YouTube) has just announced the release of a beta version of a video filtering tool. It has named it YouTube Video Identification. This supports Google's corporate copyright law compliance (and survival against legal threats).

It is also another step towards protecting content owners whose copyright work is uploaded into YouTube without permission and then copied over, in virus-like fashion, to innumerable other sites. It's a massive problem for audio-visual content owners. For many of them YouTube is a punk, not a new kid on the block.

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Coles_abc

Retailers desperately seeking digital strategists

Australian retailers need strategies for changing times. They need to innovate or reinvent themselves to adapt to the digital wave.

This article reflects on two book industry innovation stories 100 years apart, the establishment of Cole's Book Arcade and the Lonely Planet publishing house.

It is inspired by our recent work advising retailers re-inventing themselves, comparison shopping websites and product marketing and distribution e-commerce websites. It's about the opportunity to capture a higher business sale valuation by establishing an effective presence online.

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