Strategy in TECH...
In a big announcement in Tokyo today, JVC Kenwood CEO Haruo Kawahara said the company will drastically overhaul its business – more so that previously announced – turning away from consumer electronics and towards more commercial businesses, according to the Nikkei. The CEO, in his most specific comments since the company revised its forecast from a profit to a loss for the current fiscal year, is signaling a significant sea change for the company…
Sometimes making no impression is the way to make the biggest impression of all! Massachusetts-based ClearView® Audio (www.clearviewaudio.com/) launched an innovative transparent music system at CES 2014 and is enjoying a great response from dealers, domestic and international. Called Clio, this first product stands just over 9 inches tall, streams over Bluetooth, and has an MSRP of $349. [Read more…] about Seeing Through to the Essence of ClearView
When I was little, I came home from school one day, excited to tell my mother about all my new friends. One-by-one, I named each of them, calling each one “my best friend.” When I finished, I’ll never forget what she said. “If they’re ALL your best friend, then you don’t have a BEST friend.”
The Consumer Electronics industry over the last few years and continuing into this year – has fallen into a troubling state of highly fragmented technology trends. It is in this environment – the absence of any clearly defined, overall technology trend – Gary Shapiro and the CEA try to field their annual technology exposition known as the International Consumer Electronics Show (CES).
JVC Kenwood announced in Japan that it has made a substantial investment valued at $300 million in the WiL Fund I, L.P., a company that it describes as a “venture investment consultation organization.” The company says it is partnering with WiL (World Innovation Lab) as part of a plan to find new potential acquisitions “to enhance growth in next generation development business.”
Sony’s CEO Kazuo Hirai gave a relatively compelling keynote presentation that was in stark contrast to their rather dry Mike Fasulo and unemotional press conference. Not only was Hirai dynamic and at times, emotional even – he competently and capably articulated a new and strong vision for the company based on the Japanese word “kando” and the English word “wow.”
Samsung’s press day conference was the most unusual we’ve seen with everything from a product that caused an audible gasp of amazement from the crowd…to one of their celebrity presenters running from the stage in mid-presentation. But we believe we detected a subtle but significant shift with their TV business being less prominent and more in balance with the company’s other products such as their appliance, computer, and mobile businesses.
One of the bigger surprises on Press Day (the day before the show opens) at the International Consumer Electronics Show (CES) was the Panasonic press conference. We were quite surprised when Panasonic opened their press conference at the consumer electronics show, talking at length about their non-consumer businesses.
Their official tag line at the event…Panasonic A Better Life. A Better World…seemed very generic and not particularly entertainment linked. But the more interesting tag phrase that we heard several times throughout the presentation was – Panasonic is more than a TV company…seemed to suggest that the company was distancing itself from its consumer TV business. Or at least, re-prioritizing their business segments as they spent the first several minutes of their presentation talking government, security, and commercial applications for Panasonic technology.
Press Day at CES is – to put it mildly – a bit of a grind. A seemingly never-ending series of scheduled press presentations that are scheduled one hour apart so the press can run from one supposedly 45-minute (of course they all run long) event to the next. The hallways often look more like a mosh pit as reporters, bloggers, and editors push, shove, and elbow their way to the next presentation hoping to get a seat close enough that the presenters don’t look like ants.
It’s easy to become jaded, as one sits through slickly produced, Hollywood-style presentation after another. Rarely, do we get surprised.
In a report that appeared in the Nikkei on Christmas Day, it appears that Sony Corp. and Panasonic Corp. have dissolved a joint OLED production initiative and will instead seek new methods individually. As a result, both companies will back-burner OLED and redouble their efforts on building their 4K UHDTV businesses.
Toshiba Corp. has launched an aggressive strategy aimed at turning around its troubled, money-losing television manufacturing business. We wrote last week about their decision to close a manufacturing plant in China in a bid to restructure their production base – one part of a larger TV turnaround strategy. Now word comes of additional aggressive moves by the company attempting to return their once vaunted TV business to profitability.
