Management of Everything

I am a big fan of Jeff Bezos, the founder and CEO of Amazon. Reading his views on ‘complexity’ in business changed my thinking on that subject quite a lot. Bezos says that Amazon’s core competency is the management of complexity. He intends to create value for his customers by allowing them to outsource complex parts of their business to Amazon. But is he getting distracted?

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The Open IPO Channel

A lot of new firms listed on the Australian Securities Exchange (ASX) for the first time in 2014. Over $16 billion of shares were sold in 60 initial public offerings of shares (IPOs). This high value and high number of IPOs represented a re-opening of that market. The well known graph below is taken from the RBA chart pack. It shows that in the six years from 2008Q1 through to 2013Q4 there was only one good quarter for IPOs - in 2009Q4 when Myer was refloated on the ASX.

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