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PRESS RELEASES
Highlights of the Issue: December 2010 / January 2011
COVER STORY: I Want My Twitter TV! By Ellen McGirt, page 98
Twitter is reviving a shared audience experience around television--and putting the company on a pathway to real revenue. How CNN, MTV, and Google are turning to Twitter, spawning a new era of interactive media. Plus: The long, strange history of interactive TV.
SPECIAL REPORT: Mayhem on Madison Avenue, by Danielle Sacks, page 110
The ad industry is in the midst of creative destruction, propelled by digitization, recession, and corporate blindness. It's the end of the ad agency as we know it--and the dawn of a whole new world.
iCitizen, by Anya Kamenetz, page 116
Want to see where technology is really transforming government? Don't head to Washington, D.C. Try Manor, Texas, and New Haven, Connecticut, where an army of citizen techies is redefining civic engagement on a hyperlocal level.
The Business of Boing Boing, by Rob Walker, page122
The idiosyncratic blog survived the dotcom bust and the recent recession by refusing to compete with the Huffington Post and Slate. That--along with a healthy appreciation for the absurd--is why it's one of the most popular online destinations. And why it makes money.
What Would Jack Welch Do? By Jeff Chu, page128
Bill Hybels's Global Leadership Summit attracts world-famous luminaries like Jack Welch, Jim Collins, and Bill Clinton as speakers and regularly sells out a 7,000-capacity auditorium. But this isn't Wharton or Harvard, and it's not for MBA grads or executives. It's Willow Creek, one of the nation's largest and most powerful megachurches, and its audience is evangelicals.
Everyone's a Player, by Adam L. Penenberg, page 134
From IBM to the U.S. Army, video games are sneaking into every aspect of our lives--at home, school and work. Could the biggest challenges we face as a society--global warming, poverty, health care--be solved by gaming? How this emerging discipline can inspire us to work more productively, train smarter, and even eat our vegetables.
OTHER HIGHLIGHTS FROM THE DECEMBER 2010 / JANUARY 2011 ISSUE
EBay Dials M for Makeover, by Dan Macsai, page 42
The online-auctions pioneer is moving into your smartphone--and pumping up sales.
Silent Bob Strikes Back, by Ari Karpel, page 46
Director Kevin Smith nurtures his creative soul with a booming podcast business.
Unraveling at Applied Materials, by Jennifer Kho, page 48
Applied Materials was supposed to revolutionize the thin-film solar business, but it flamed out in three years. An autopsy of what went wrong.
The RadioShack of Renewables, by Greg Lindsay, page 53
How a battery company you've never heard of is perfectly positioned to command a market that's expected to grow to $51 billion by 2013.
Why Charities Should Die, by Nancy Lublin, page 54
Our columnist argues that in the not-for-profit world, death is a hallmark of success.
The Best Minds of A Continent, by Nate Berg, page 56
A South African academy that preps students to attend colleges like Oxford, MIT, Stanford.
Rock Star, by Tim McKeough, page 64
A multimillionaire tech exec transforms a tiny Canadian island into a haven for artists.
Little Citi, by Dan Macsai, page 68
An Austin-based startup called BancVue arms indie credit unions with services that let them compete with Chase and Citibank.
Fast Talk: Dare to Share. Interviews by Stephanie Schomer, page 75
From books to baby clothes, couture to cars, renting is suddenly in vogue--and profitable.
Wanted--59 Perfect Holiday Gifts, page 87
From the most sumptuous of leather suitcases to drinkable gift baskets, luxe paper goods, and a clock with machine-age aesthetics. Plus: Charitable gift ideas across a range of budgets--from $3 for a schoolbook in Darfur to $39,000 for a health clinic in Sierra Leone.
Numerology: College Football, by Rachel Arndt, page 152
The business behind the Bowl Championship Series, by the numbers.
For more of the December 2010 / January 2011 issue of Fast Company, please visit www.fastcompany.com beginning November 17. The December 2010 / January 2011 issue of Fast Company is on newsstands beginning November 30.
Media Contact:
Jocelyn Hawkes
media@fastcompany.com
212-389-5420
#####
Highlights of the Issue: November 2010
COVER STORY: Can Livestrong Survive Lance? By Chuck Salter, page 109
Lance Armstrong's cancer foundation has become an innovative force in health care, selling 70 million iconic yellow wristbands and raising $50 million annually to improve cancer care and educate people on the world's deadliest disease. But with legal troubles mounting for the seven-time Tour de France winner, his foundation could stumble. What happens when your greatest asset turns into your biggest risk.
"What Are You Going to Do About This Damn Cup?" By Anya Kamenetz, page 116
Each year, 3 billion Starbucks cups pile up in landfills--a big problem for a company known as a leader in corporate sustainability. What the biggest coffee retailer in the world is doing--including teaming up with MIT guru Peter Senge, Dunkin' Donuts, and McDonald's--to get you to never throw away another paper coffee cup again.
Plus: Next-gen coffee containers that could make the paper cup a thing of the past.
And: How companies including HP and Bristol-Meyers Squibb are faring in their own sustainability campaigns.
SPECIAL REPORT: THE RESULTS OF Fast Company'S INFLUENCE PROJECT
What defines influence in a Facebook/Twitter/YouTube-driven world? Fast Company and marketing firm Mekanism joined forces to find out with the Influence Project. Six weeks later, with more than 30,000 participants generating 3.5 million page views and 586 million Twitter impressions, we unveil the winner, along with our insights on the perils and payoffs of online campaigns.
• The New Influentials, by Mark Borden, page 124
The YouTube celebrity with 300 million video views and corporate clients from GE to Intel to Mattel. The consultant advising the New York Jets as it launches its own apps and virtual goods. The curator extraordinaire who helped found the Huffington Post and now commands BuzzFeed's network of 150 million users. Our guide to the unexpected players exerting outsize impact online that businesses can't afford to ignore.
• The Influence Project, page 133
Jeremy Shoemaker, the winner of our Influence Project, mobilized his network to amass some 500,000 clicks--but not without controversy. Also: Our photo gallery of all 30,000 participants in the project.
• The Influence Virus, by Robert Safian, page 12
What we learned--about social media, our own brand, and squishy online data--from our experimental foray into viral marketing.
Waving a $300 Million Flag, by Rick Tetzeli, page 142
When Coca-Cola decided to put an unknown at the center of its 2010 World Cup marketing campaign, the Somali-born rapper K'naan got the kind of exposure $300 million could buy. But will it be enough to guarantee longevity in a brutal music industry?
The $15 Trillion Treasure at the End of the World, by Joshua Hammer, page 152
How Russia's Gazprom has aggressively positioned itself to reap huge natural-resource riches up for grabs in the thawing Arctic. Joshua Hammer travels to the Yamal Peninsula in Siberia, the site of a 21st-century goldmine.
OTHER HIGHLIGHTS FROM THE NOVEMBER 2010 ISSUE
Rare Earth, by Kate Rockwood, page 52
Thank China for your vibrating cell phone. We map out the handful of countries controlling the metals and minerals that go into making the sophisticated tech gadgets we can't get enough of.
Leading the Electric Charge, by Jennifer Kho, page 60
Five electric charging stations--built to support the Nissan Leaf, the GM Volt, and other forthcoming EVs--are vying to replace the gas pump.
The Sport of Social Media, by Patrick J. Sauer, page 64
The NBA runs circles around other leagues when it comes to Facebook, Twitter, et al.
One Early Adopter's Trash, by David Lidsky, page 68
Hot web service Gazelle has made a business of keeping consumer electronics out of landfills.
Bring Your Robot to Work Day, by Ariel Schwartz, page 72
We test-drive a $15,000 robot that could fulfill the stalled promise of telecommuting.
The App Is Mightier Than the Mainframe, by Farhad Manjoo, page 76
Facebook, Twitter, YouTube, the iPhone, the iPad--they're taking over the workplace. How the Facebookization of the office is challenging, and changing, corporate IT.
Collaborating for a Cure, by Elizabeth Svoboda, page 78
The Myelin Repair Foundation pairs scientists in their labs with execs at Big Pharma to speed up the discovery of blockbuster multiple-sclerosis drugs.
ATMs of the Future, by Dan Macsai, page 86
An exclusive sneak-peek at high-tech money machines.
Fast Talk: That's iEntertainment! Interviews by Stephanie Schomer, page 89
How the iPad is redefining film, television, and music for creators and consumers.
Wanted--Artisanal Edition, page 99
Who needs mass-manufactured products when you've got blankets as soft as the sheep they came from, cosmetics good enough to eat, and artful chocolates that are a feast for the eyes? Plus: Home-furnishing treasures found on Etsy--and when DIY goes awry.
Numerology: Peace Be With You, by Jeninne Lee--St. John, page 180
Happy birthday, Peace Corps! The numbers around the organization devoted to giving peace a chance.
For more of the November 2010 issue of Fast Company, please visit www.fastcompany.com beginning October 18. The November issue of Fast Company is on newsstands beginning October 20.
Media Contact:
Jocelyn Hawkes
media@fastcompany.com
212-389-5420
#####
Highlights of the issue: October 2010
McDonald's $2.4 Billion Makeover, by Ben Paynter, page 104
Top execs at McDonald's are looking to design to supersize their next growth phase. How design chief Denis Weil and his Innovation Lab plan to change the way you think about the world's most iconic restaurant.
Patricia Urquiola's Bella Figura, by Linda Tischler, page 114
For tony Italian furniture makers, BMW, H&M and Mandarin Oriental, Patricia Urquiola is the designer of choice. It's a beautiful business.
This Land Is Your Land, by Dan Macsai, page 122
Landscape architect Walter Hood elevates public spaces--city parks, highway underpasses, and street corners--from the mundane to the meaningful. His mission: designs that encourage people to get into green spaces.
The Graphic Exploits of Bjarke Ingels, by Linda Tischler, page 128
There is no hotter upstart in the world of architecture than Denmark's Bjarke Ingels. A round-the-globe tour--Copenhagen to Shanghai to Kazakhstan to New York--reveals controversy, creativity, and a penchant for the dramatic.
Can Design Save the World? Page 138
A rising generation of designers has nobler ambitions than simply making pretty things. Meet seven up-and-comers who are creating solutions that are improving medical care, protecting the environment, reforming education, and empowering communities--in Europe, the Americas, and Asia.
Hand-Me-Downs, by Tim McKeough, page 154
The most sustainable products are those you'll never throw away, passed down from generation to generation. Here are 17 heirlooms in waiting--from the curvaceous Corvo chair to Alexis Bittar's Klimt jewelry to one breathtaking watch--that we bet will stand the test of time.
What's Wrong With Green Design, by Danielle Sacks, page 166
Award-winning tech designer Gadi Amit says his green-design peers won't get anywhere if they keep equating sustainability with carbon footprint. His provocative plea: Sex appeal must come first.
JetBlue's Quest for Cool, by Chuck Salter, page 170
Fiona Morrisson merges branding and design at JetBlue to lofty effect--and keeps the airline soaring amid industry turbulence.
OTHER HIGHLIGHTS FROM THE OCTOBER 2010 ISSUE
BP's Twitter Trouble, by Anya Kamenetz, page 56
The lessons of the Deepwater Horizon explosion extend to PR: In the age of social media, brands can't spin their way out of a mess like they used to. Not with Leroy Stick on the case.
Tim Kring Crosses Platforms, by Austin Carr, page 60
How the Heroes creator is using mobile media to pioneer a new kind of storytelling--and build school libraries in Zambia in the process.
Online Riches, by Dan Macsai, page 64
A new Web resource borrows from the success of Weight Watchers and DailyCandy to help twentysomething women improve their fiscal fitness.
Why Netflix and Hulu should merge, by Farhad Manjoo, page 66
Call it Hulu-Flix. Or Nulu. Here's why Hulu and Netflix should stop competing and join forces.
Gowalla Gets Political, by Austin Carr, page 68
How candidate Governors Charlie Crist of Florida and Rick Perry of Texas are using the social-media service to give them an edge with voters this November.
In Defense of Millenials, by Nancy Lublin, page 72
The trouble with traditional employee-management techniques. Plus: cheers for five amazing young achievers.
Wanted, page 95
Food Network star Alton Brown shares his favorite tools that make a cookery out of his kitchen. Plus: A DVD box set that defines the modern sitcom; headphones that mesh sound and style; swizzle sticks that light up cocktails.
Numerology: Bloody Wonderful. By Jeninne Lee-St. John, page 180
The hair-raising numbers generated by the horror-movie business.
For more of the October 2010 issue of Fast Company, please visit www.fastcompany.com beginning September 15. The October issue of Fast Company is on newsstands beginning September 21.
Media Contact:
Jocelyn Hawkes
media@fastcompany.com
212-389-5420
#####
Highlights of the issue: September 2010
COVER STORY: The World's Most Creative CEO, by Ellen McGirt, page 66
No, we're not talking about Steve Jobs. Have you ever known Jobs to create something with his own two hands? Does he pal around with street artists from Tokyo to Sao Paulo? Can he mix easily with athletes like Kobe Bryant and Tiger Woods, and work collaboratively with them to design new products? Mark Parker of Nike does all that, and has wowed investors in the process. For years, Parker worked in the shadow of Nike founder Phil Knight, creating actual goods and technologies that have helped make Nike a global cultural force. In a first-ever in-depth profile, Parker invites Fast Company into his museum-like office--jam-packed with mind-blowing artwork--and shares his hand-drawn sketches, his unconventional management techniques and the untold story of how he rose from obsessive marathoner to shoe designer to the top of one of the most iconic companies around.
The Oprah of China, by April Rabkin, page 76
Yang Lan is one of modern China's media biggest stars--a cultural treasure on par with Yao Ming or Jackie Chan--and one of its richest with a personal wealth of $300 million. Her rise to prominence is a tale of fame, ambition, and the business reality of modern China.
How TED Became the New Harvard, by Anya Kamenetz, page 80
From exclusive conferences to viral videos, TED has become the biggest education brand to surface in the past 100 years. Now, with TEDx--its new, experimental open-sourced community salons--can TED hold onto the prestige while it lengthens its outreach?
EXCLUSIVE: The Adman Wants a Soul, by Danielle Sacks, page 86
The biggest news of the advertising world this summer was Alex Bogusky's sudden departure from a business that made him unspeakably rich. Now, the man who reinvented Microsoft with the successful "I'm a PC" campaign and Burger King with Subservient Chicken--turning Crispin Porter + Bogusky into the "It" agency--bares all in a Fast Company exclusive. Is this a midlife crisis or Bogusky's greatest rebranding campaign ever?
Eggs for Sale, by Scott Carney, page 92
In the past decade, worldwide demand for human eggs has created a billion-dollar fertility business that has largely gone unregulated. Fast Company investigates the lucrative--and ethically questionable--trade for human genetic material, from London to Cyprus to Barcelona.
Must-See TV: The Web's New Fall Lineup, page 98
Jack Black as Benjamin Franklin? Lisa Kudrow as a self-absorbed shrink? Zach Galifianakis as an all-sorts-of-inappropriate talk-show host? Our guide to the brave new Web video networks--including Funny or Die, Atom.com, and Babelgum--behind the most cutting-edge shows to hit your computer, iPad, or smartphone.
OTHER HIGHLIGHTS FROM THE SEPTEMBER 2010 ISSUE
It's a Bird! It's a Plane! It's a Water-Conserving Drone! By Irin Carmon, page 32
New drones from Arad Metering Technologies, which detect leakages and droughts remotely and in midair, can prevent the water wastage that costs utilities $14 billion a year worldwide.
Why the iPad won't kill the Kindle, by Farhad Manjoo, page 36
The days of winner-take-all are fast disappearing in techland. Here's why.
The Best (Corporate) App Makers, by Christiana McCausland, page 38
NBC, Disney, and Amazon turn to these three behind-the-curtain developers when they want to get their app-happy game on--fast.
Mobile-Wallet Mania, by Dan Macsai, page 40
How companies such as Visa, Nokia, and Verizon are bringing the mobile wallet, prevalent in tech-crazy Japan, to the U.S. Finally!
Farming's High-Tech Makeover. Interviews by Stephanie Schomer, page 51
Self-steering tractors, vine-pruning robots, and GPS--enabled precipitation monitors are among the innovations transforming the $134 billion farming industry.
Wanted for September, page 59
The "it" bag for fall as plain-and-simple rucksack; all-natural fleece that performs like synthetic; flat-panel TVs that can survive your rowdy, beer-soaked football parties; and the radical reinvention of the wine cork. Plus, the lead architect behind the renovation of Shanghai's historic Peace Hotel on the gadgets and supplies he can't work without.
Numerology: Yoga, by Suzy Evans, page 116
The 5,000-year-old practice-turned-lifestyle shared by 16 million Americans, by the numbers.
For more of the September 2010 issue of Fast Company, please visit www.fastcompany.com beginning August 11. The September issue of Fast Company is on newsstands beginning August 17.
Media Contact:
Jocelyn Hawkes
media@fastcompany.com
212-389-5420
#####
Fast Company Announces The Influence Project
NEW YORK, July 6, 2010--Today, Fast Company announced The Influence Project, a unique editorial experiment designed to answer the question: Who are the most influential people online right now?
The Influence Project is open to anyone and everyone. All registered participants will have their picture appear in the November issue of Fast Company as part of an amazing photo spread. The more influence demonstrated by a participant, the bigger their picture will be. Even those with smaller social networks can learn something about their influence by participating.
Contributors may discover that they are more influential than they think. Influence is not only about having the most friends or followers. It's about being able to affect the behavior of those you interact with, to get others in your social network to act on a suggestion or recommendation. That's what The Influence Project will measure.
To learn more, and register your profile, go to http://influenceproject.fastcompany.com
The competition for 2010's Most Influential People ends August 15 at midnight EST. Fast Company has created a blog dedicated to the project at fastcompany.com/influenceproject, where coverage will continue through the publication of Fast Company's November issue.
The Influence Project evolved from Fast Company's May 2010 article about viral marketing firm Mekanism. In that article, we challenged Mekanism to do for Fast Company what they've done for the likes of Pepsi, Charles Schwab, and Toyota. After discussing several video-based proposals, Fast Company and Mekanism collaboratively developed The Influence Project as an authentic editorial platform.
"This project will deliver value to our readers and users--and to anyone interested in how social media and online influence are evolving," says Fast Company editor Robert Safian. "We're excited to see what develops, and dig into the resulting data. It should be eye-opening."
About Fast Company
Fast Company is an award-winning monthly magazine, website, and digital distribution platform that covers the business of innovation like no other media source. Editor Robert Safian was named AdWeek's Editor of the Year in 2009. FastCompany.com, under the auspices of executive editor Noah Robischon and publisher Christine Osekoski, has tripled traffic and revenue year over year. Fast Company is owned by Joe Mansueto, founder and owner of Morningstar, a leading provider of independent investment research.
About Mekanism
Mekanism is an award-winning creative company that engineers virality. Whether creating viral campaigns, brand entertainment or innovative social media programs, they work with brands to amplify their online presence in measurable ways.
Media Contacts:
Jocelyn Hawkes
media@fastcompany.com
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Lainie Rosenthal
Rosenthal@sunshinesachs.com
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#####
The 2010 IDEA Winners Announced Exclusively by Fast Company
NEW YORK, NY, June 23, 2010--Today, Fast Company announced the 2010 International Design Excellence Awards (IDEA®) competition Winners. As a media partner with the IDSA (Industrial Design Society of America), Fast Company was granted exclusive access to the judging process. Senior Editor Linda Tischler was the only journalist given access to the jury process, and was able to get an inside look at how the winners were chosen from among the 1900 entrants and 405 finalists.
For an exclusive look at all 150 winners, plus videos of the judges explaining their choices, visit FastCoDesign.com, Fast Company's new design site. Additional coverage will appear in the July/August issue of Fast Company, available on newsstands beginning June 29, 2010.
About Fast Company
Fast Company is an award-winning monthly magazine, website, and digital distribution platform that covers the business of innovation like no other media source. Editor Robert Safian was named AdWeek's Editor of the Year in 2009. FastCompany.com, under the auspices of executive editor Noah Robischon and publisher Christine Osekoski, has tripled traffic and revenue year over year. Fast Company is owned by Joe Mansueto, founder and owner of Morningstar, a leading provider of independent investment research.
Media Contact:
Jocelyn Hawkes
media@fastcompany.com
212-389-5444
#####
Highlights of the issue: July/August 2010
COVER STORY: The Invincible Apple--10 Lessons From the Coolest Company Anywhere, by Farhad Manjoo, page 68
Apple has unseated Microsoft as the world's most valuable tech company--confirmation of its central place in American business and America's culture. From corner offices to college campuses, we are all part of Apple Nation, aspiring to emulate the success, cachet, and cool of Steve Jobs's unique creation. But just what gives Apple its distinct Apple-ness? Farhad Manjoo breaks through the generalities, hyperbole, and knee-jerk assumptions, uncovering 10 distinct attributes that companies, executives, and entrepreneurs can all learn from.
Doctor Love, by Adam L. Penenberg, page 78
What's behind our compulsive Facebook and Twitter addictions? According to neuroeconomist Paul Zak, the answer lies in oxytocin--the generosity-trust chemical in our brain. His study results, about financial relationships and social media, are a wake-up call for any company that wants to build a devoted following, online or off.
From Big Oil to Big Algae, by Anya Kamenetz, page 84
Cynthia Warner was the highest-ranking woman executive at BP when she left in 2009 to join an algae-biofuels startup. Part of a "Beyond Petroleum" generation of BP execs disillusioned by over-aggressive exploration efforts, Warner explains what the Deepwater Horizon spill means to the future of Big Oil--and why she's betting on pond scum instead.
Take Us to the River, by Michael Fitzgerald, page 90
Warner Music Group's Lyor Cohen is on the verge of cracking the media world's most pressing business riddle: how to successfully replace analog dollars with a river of digital nickels.
Get What You Want for Nothing, by Nancy Lublin, page 96
There's plenty of power in zero, writes Fast Company columnist Nancy Lublin, if you simply follow the practices of the most successful not-for-profits. Lublin shows what she calls "ginormous corporations" how to do more with less--and thrive.
EXCLUSIVE: The Best-Designed Stuff of 2010, by Linda Tischler, page 102
A look at products that won top honors from the Industrial Designers Society of America, from eco-friendly consumer electronics to the coolest backyard barbecue to the wildest roller skate ever.
OTHER HIGHLIGHTS FROM THE JULY/AUGUST 2010 ISSUE:
National Drive-Thru Day, by Stephanie Schomer, page 28
The grab-and-go lane inspires us to spend $110 billion each year--not just on fast food. How the drive-thru has enabled us to eat, pray and even mourn on the go.
Cable Comes of Age (Thanks, Conan!), by Austin Carr, page 36
Cable TV revenue has eclipsed broadcast television's--up 14% over the past two years, to $48 billion, versus broadcast's 4% slump, to $16 billion. The reason: a surge of scrappy newcomers, from Conan on TBS, to Oprah on her own lifestyle channel (OWN), to midget wrestlers on Spike--and much more. Our snapshot of an industry on the move.
Stimulating Eco Bets, by Camille Rickerts, page 38
The Department of Energy's version of DARPA has made a string of stimulus-funded grants.
Next-Gen Airport Security, by Irin Carmon, page 40
Israeli company WeCU's new technology surreptitiously measures passengers' rapid eye movements, body temperature, and breathing and heart rates to identify potential terrorists.
"Freemium" Pays, by Dan Macsai, page 42
For Evernote, a "freemium" model--giving away a service with the hope that users will shell out for additional features--is a numbers game that works.
Fast Talk: The Recovery Business. Interviews by Stephanie Schomer, page 51
Voices from the bleeding edge of disaster-relief efforts talk about the challenges--and innovations--that come when you're getting people and countries back on their feet.
Wanted, page 61
A street bike from the founder of Design Within Reach; a curated meal via the Internet; golf balls suited for the average duffer; skateboards that bring marketing to new heights.
Numerology: Comic Books, by Austin Carr, page 120
The megaconvention Comic-Con and its 125,000 attendees hit San Diego in July. We sketch out the multimillion-dollar business that inspired the event.
For more of the July/August 2010 issue of Fast Company, please visit www.fastcompany.com beginning June 23. The July/August issue of Fast Company is on newsstands beginning June 29.
Media Contact:
Jocelyn Hawkes
media@fastcompany.com
212-389-5444
#####
Highlights of the issue: June 2010
The 100 Most Creative People in Business For 2010
From Google to Gaga, Apple to architecture, Facebook to fashion,
Fast Company counts down the most influential and surprising executives, artists,
and impresarios crafting our culture--and our future.
Fast Company's second annual ranking of The 100 Most Creative People in Business (page 76) excludes anyone featured in the magazine in the past, including all 2009 honorees. The result is a whole new class of on-the-rise creatives, from Asia to Africa, Europe to the Americas.
"The selections we've made reflect the breadth of new ideas and new pursuits at play in our business landscape," explains editor Robert Safian. They are people like cover subject Soraya Darabi (page 96), who dragged The New York Times into the age of social media; Patrick Awuah, who founded Ashesi University in Ghana; Franklin Leonard of Universal Pictures, whose Black List has spawned multiple Oscars; and White House CTO Beth Simone Noveck, who's bringing transparency into government. Featured in the top 10:
OTHER HIGHLIGHTS FROM THE JUNE 2010 ISSUE:
Why World Cup Soccer Is the Best Business in Sports, page 28
Comparing the numbers on the Tour de France, Super Bowl, Olympics, and more.
The Idea Lab, page 42
At Stanford University's new d.school, every space is designed to help capture ideas.
Bring Back Bill Gates, page 48
Our tech columnist, Farhad Manjoo, says Steve Ballmer has steered Microsoft in the wrong direction--and argues Bill Gates should be restored to the helm.
The Canned Lion Awards, page 54
We unveil our nominees for the most egregious copycat ads, parallel thinking, and poorly conceived homages of 2009. Coke, Toyota, and DirecTV--we're looking at you.
Father's Day, By the Numbers, page 124
Adding up a day that honors 66 million dads in the U.S.--and all the dollars they bring to the tie business (Father's Day is the second-biggest occasion for gift ties, behind Christmas), restaurants (the fifth-most popular dining-out day), and more.
For more of the June 2010 issue of Fast Company, including rich multimedia profiles of the 100 Most Creative People in Business, please visit www.fastcompany.com beginning May 26.
Media Contact:
Jocelyn Hawkes
media@fastcompany.com
212-389-5444
#####
Highlights of the issue: May 2010
COVER STORY: This Chief Means Business, by Jeff Chu page 72
Why is Admiral Mike Mullen, the chairman of the Joint Chiefs of Staff, having incognito meetings with top CEOs from Wall Street to Hollywood? America's top military adviser says it's all in the name of national security.
Look Who's Curing Cancer, by Chuck Salter, page 80
Thanks to a brilliant initiative by IBM, half a million ordinary people, such as 24-year-old college grad Lauren Moran, are changing the face of cancer, one idle computer at a time.
Fast Cities 2010, page 84
What does a Fast City look like? For this year's annual package, we found the most innovative civic programs across the nation and modeled them all into one ideal American city--from Portland's high-tech farmers markets to Oakland's hydrogen fuel-cell buses to Minneapolis's everywhere-for-everyone Wi-Fi access to Austin's car-sharing initiative.
Repeat Offenders, by Mark Borden, page 94
Meet the brash and outrageous characters behind viral marketing firm Mekanism. They have promised to do for Fast Company what they've done for the likes of Pepsi, Charles Schwab, and Toyota. Will the Web ever be the same?
Fantasy Island, by Jeff Wise, page 100
Just last year, national media outlets held up antivirus software pioneer John McAfee as a cautionary tale about the recession, because he allegedly lost his nearly $100 million fortune.Yet today, McAfee is lounging in comfort in Belize--avoiding U.S. courts, cultivating odd jungle plants, and pondering an adventure-travel business. Jeff Wise journeys to the rainforests to try separating fact from fiction.
International Virtual Assistants Day, by Dan Macsai, page 32
More than 40 years after Hal9000 from 2001: A Space Odyssey set the bar, we are still in search of one of tech's holy grails: the virtual personal assistant. A tour of its evolution.
Game(s) On, by Erica Westly, page 40
New data-rich video services are taking advantage of emerging media platforms (hello, iPad!) to give sports broadcasters a whole new level of interactivity--and die-hard fans novel ways to experience their favorite pastime.
Multiple Choice, by Farhad Manjoo, page 42
Our tech columnist dissects Google's lame launch of Buzz and finds that it's not privacy that matters, but control.
Health Care Takes the Stage, by Elizabeth Svoboda, page 48
How Kaiser Permanente went pure Hollywood, staging intricate design sets of hospital rooms, clinics, and ORs to create a patient-friendly blueprint for the future of health care.
Fast Talk: Body Language. Interviews by Stephanie Schomer, page 61
Gesture technology could be a multibillion-dollar market by 2015. The future, it turns out, is within our fingertips. A glimpse of the products and ideas that could spell the end for the remote control, the joystick, and the mouse.
Wanted, page 69
Sexy Japanese orchids for spring, chef Laurent Gras's unorthodox kitchen tools, and 3-D glasses stylish enough to make you splurge for your own pair. Plus, we steer you away from a travel bag that screams "tourist."
Roller Coasters!!! Numerology, by David Lidsky, page 112
Hold onto your stomachs! Sixty-three new coasters are expected to debut around the world this year, including two vying to be the world's most extreme. Buckle in as we paint by number the world's hottest thrill rides.
For more of the May 2010 issue of Fast Company, please visit www.fastcompany.com beginning April 19.
Media Contact:
Jocelyn Hawkes
media@fastcompany.com
212-389-5444
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Highlights of the issue: April 2010
COVER STORY: The Real Smart Phone Revolution, by Anya Kamenetz, page 66
Forget the chalkboard and eraser. iPhones and other handheld devices are transforming the way teachers teach and kids--some as young as 3--learn. Thousands of new mobiles have come into use at schools across the U.S. in just the past year--and are being introduced across the globe, from Mexico to Nepal to Kenya. It's all working, and shaking the education establishment to its core. Writer Anya Kamenetz reports on how technology is making kids smarter everywhere.
Pod Star, by Ellen McGirt, page 78
Call it the podcast that launched 50 million downloads. Comedian Adam Carolla turned a rant about the ills of traditional media, delivered two days after he was unexpectedly fired from his CBS morning-radio show, into the hottest multimedia network in the podiverse. With analysts predicting podcast listernership overall to grow to 38 million strong in three years, Carolla is an accidental pioneer in a medium with surprising commercial punch.
Combustible, by Joshua Hammer, page 84
In the rush to capitalize on untapped oil fields in Kurdish Iraq, dozens of companies--some with links to U.S. officials--have ignited a bitter dispute between the Kurds and Baghdad. Joshua Hammer investigates the players embroiled at the heart of the conflict and the fortunes at stake.
Ford's Big Reveal, by Paul Hochman, page 90
The one American automaker that didn't take TARP money from the government last year has a surprising plan for surviving the downturn: become a consumer-electronics company. How Ford's Sync technology is transforming its cars into rolling, talking, socially networked, cloud-connected supermachines.
Watch Your Back, Barbie! By Kate Rockwood, page 96
The lucre of conquering the girls aisle in toy stores--a possible $400 million opportunity--was hard to resist for Spin Master, the No. 3 toymaker in North American Through tech-savvy storytelling and 21st-century marketing for its Liv dolls, it created a rival that could stand up to queen bee Barbie--and walked off with a sold-out success story.
When Bad Products Happen to Big Companies, by Kate Rockwood, page 22
How could anybody forget the furor over New Coke 25 years ago? We remember the reformulated-product debacle and four others whose launches fell flat.
Fast Talk: From Campus to Commerce. Interviews by Gay Jervey, page 51
Meet five entrepreneurs and academics who make sure that the R&D knowledge nurtured at universities don't get trapped in the Ivory Tower.
The Birth of a Sticky Idea. Made to Stick column, by Dan Heath and Chip Heath, page 45
A highly effective ad campaign says sodas are the new cigarettes. So how should Coca-Cola, Pepsi, and other makers of sugary drinks respond when their products are demonized? Our Made to Stick columnists say don't deny the facts; embrace them.
Opening the Black Box, by Danielle Sacks, page 48
Mainstream bankers have earned their billing as the villains of the global financial meltdown. But one Dutch bank, Triodos, dares to become a model for what a bank with a conscience can be--to prosperous effect. Its funds, loan portfolio, balance sheet, and operating profits are up by double digits.
Wanted, page 59
An Yves Béhar--designed motorcycle whose technology can be transferred to electric vehicles, the craziest-looking guitars you've ever seen, and eco-conscious clothes you'll actually want to wear tops this month's gotta-have-it list. Plus a tool that helps you avoid getting ripped off by online ticket brokers and the art of branding in miniature via the hotel key card.
Under Pressure. Numerology, by Stephanie Schomer, page 112
How tense are we? Consider that stress awareness claims not just a month for observance (April) but also a day (the 16th). We present the numbers that give shape to our collective anxiety.
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FAST COMPANY ANNOUNCES 2010 RANKING OF WORLD'S MOST INNOVATIVE COMPANIES
FACEBOOK TOPS THE LIST, BEATING OUT APPLE, GOOGLE, AMAZON
First Solar, Novartis, HP among the companies honored in the March 2010 issue and at FastCompany.com.
New York, February 18, 2010--Fast Company's annual Most Innovative Companies issue honors major brands including Cisco, Disney, and GE along with such rising newcomers as Spotify, Gilt Groupe, HTC, and the Indian Premier League. Facebook leads the annual ranking of the Top 50, after growing its user-base from 150 million to 350 million in just one year.
Overall, Fast Company recognized 250 plus companies, including more than 75 non-U.S. businesses. Five of the Top 50 are based in China: Huawei (No. 5), BYD (No. 16), Alibaba (No. 29), HTC (No. 31), and Huayi Brothers (No. 42).
In addition to the Top 50, Fast Company cited 59 Innovation All-stars, culled from past Top 50 honorees, plus ranked the Top 10 Most Innovative Companies in 24 categories, including advertising and marketing, biotech, film and TV, media, music, and sports.
To create this year's Most Innovative Companies issue, Fast Company's editorial team analyzed information on thousands of businesses across the globe. The result is a package unlike that of any other business media. It's not just about revenue growth and profit margins; it's about identifying creative models and progressive cultures--to define the many forms of innovation that exist across the business landscape.
"It was invigorating to engage with so many exciting new ideas and developments," said Fast Company editor Robert Safian. "Our goal was to offer a snapshot of the creativity at work in the global marketplace, and to inspire the Fast Company audience with illustrations of how powerful and effective business can be."
"There are a lot of amazing technology companies out there so we're honored to be #1 on Fast Company's Most Innovative Companies list," said Mike Schroepfer, vice president of engineering at Facebook. "It is awesome to see the Facebook technology team recognized. We pride ourselves on moving fast to introduce new technologies and products that can enhance the lives of hundreds of millions of people worldwide."
Fast Company's Most Innovative Companies issue (March 2010) is on newsstands now, and is online at www.fastcompany.com/MIC.
Highlights of the issue: March 2010
SPECIAL REPORT: The Most Innovative Companies 2010
From the Top 50 to Top 10s in 24 categories, Fast Company identifies 218 companies across the economy and around the globe--including 64 headquartered outside the U.S.--that define business innovation for 2010.
The World's 50 Most Innovative Companies, page 52
Five unheralded businesses in China. A breakthrough solar-power provider. A billion-dollar cricket league in India. These unexpected players--plus the U.S. Defense Department's secretive IT think tank, the queen of women's online media, and the European iTunes killer--join big dogs from Silicon Valley to Madison Avenue on our annual list of the world's 50 Most Innovative Companies. Featuring:
Innovation All-stars, page 98
Culled from previous Top 50 honorees, this list highlights whose continuing efforts at reinvention are paying off--and whose aren't. (Sorry, Toyota.)
The Top 10 by Industry, page 102
Let's get down to apples to apples. We rank the 10 best and brightest across 24 categories, from advertising to sports, food to tech.
PLUS: BONU.S. COVERAGE
Tenth Anniversary of the Nasdaq Peaking at 5,048.62, by Anne C. Lee, page 26
We've come a long way since tech stocks rose to an all-time high a decade ago: 1.7 billion Internet users now versus 360 million then. Or not. Bill Gates is still the world's richest person. What else has and hasn't changed?
Made to Stick column: The Telltale Brown M&M, by Dan Heath and Chip Heath, page 36
Eighth graders, Google, and Van Halen help you spot the red flags for big problems.
Happy Hour, by Ben Paynter, page 34
How casual-dining restaurant Houlihan's courted vitriolic customers via its social-networking site and turned them into raving "Houlifans."
Numerology: Field of Beams, by Erica Westly, page 116
Light sabers! Laser printing! Fiber-optic cables! In the 50 years since the first U.S. patent for the laser was awarded, the fruits have been many. Not all would ripen, though (see LaserDiscs).
For more of the March 2010 issue of Fast Company, please visit www.fastcompany.com beginning February 18.
About Fast Company
Fast Company is an award-winning monthly magazine, Web site, and digital distribution platform that covers the business of innovation like no other media source. Editor Robert Safian was named AdWeek's Editor of the Year in 2009. FastCompany.com, under the auspices of executive editor Noah Robischon and publisher Christine Osekoski, has tripled traffic and revenue year over year. Fast Company is owned by Joe Mansueto, founder and owner of Morningstar, a leading provider of independent investment research.
Media Contact:
Jocelyn Hawkes
212-389-5435
media@fastcompany.com
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Highlights of the issue: February 2010
Transition Game, by Chuck Salter, page 56
In the Great Recession, we all need to be improvisers. Steve Nash--the NBA all-star who made his career creatively managing chaos on the court and in business--shows us how to pick-and-roll our way through tough times.
Switch: How to Change Things When Change Is Hard, by Chip Heath & Dan Heath, page 62. Exclusive excerpt from the Heaths' forthcoming book.
How do you do the change you want to see? Best-selling authors and Fast Company columnists Chip Heath and Dan Heath offer a first step: In any given problem, don't figure out what's wrong. Find what's working--then clone the success.
Calatrava Goes Public, by Linda Tischler, page 68
A profile of Spanish architect Santiago Calatrava, who's about to go mainstream in America, where his buildings, bridges, and transport hubs will eventually redefine the landscapes of Florida, Dallas, and New York.
The Germans Are Coming, by Ellen McGirt, page 74
Volkswagen wants to become the world's No. 1 carmaker. But first it has to win over the U.S., a dismal market with drivers who fetishize cup holders and living-room-size cars.
Super Human, by Paul Hochman, page 80
A look at the $2.8 billion prosthetics industry reveals sexy next-generation prosthetic limbs worth giving up--no joke--an arm and a leg.
The New New Urbanism, by Greg Lindsay, page 88
South Korea's New Songdo City is the most important "instant city" in half a century. And with the help of tech titan Cisco, 20 more of them could soon be on the way.
It Had to Be You, by David Lidsky, page 22
YouTube turns 5 on February 14. A look back on its short but influential life.
The Goods, page 51
It's a material world and our new section covers the delights--and duds--of our times, from messenger bags you'll be proud to tote around to demographic urns that depict the stuff of life.
Attention, Walmart Shoppers: Clean-up in Aisle Nine, by Kate Rockwood, page 30
A sustainability yardstick for all products? Walmart's making it happen.
Killer Apps, by Farhad Manjoo, page 38
Is Apple's wildly successful App Store the business model for the 21st century? Imitate it at your own risk, warns tech columnist Farhad Manjoo.
Let the Games Begin! Numerology, by Anne C. Lee, page 104
Eighty-plus nations; 5,500 athletes and officials; a $1.6 billion budget. These figures and more illuminate the Winter Olympics, set to hit Vancouver February 12.
For more of the February 2010 issue of Fast Company, please visit www.fastcompany.com beginning January 19.
Media Contact:
Jocelyn Hawkes
212-389-5435
media@fastcompany.com
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Highlights of the issue: December 2009/January 2010
Ashton Kutcher Is Taking Over the Media World. Really. By Ellen McGirt, page 74
The 31-year-old star of That 70s Show and Punk'd is pioneering a new kind of media business, leveraging Twitter and Facebook for clients including Nestlé, Pepsi, and Kellogg. Senior writer Ellen McGirt reveals Kutcher's bid to break down the walls between Hollywood, Silicon Valley, and Madison Avenue.
Whole Foods' Miracle Worker, by Danielle Sacks, page 82
CEO John Mackey says that capitalism--or, more precisely, what he calls Conscious Capitalism--can cure the world's ills. Yet his interpretation of what constitutes a higher purpose for business can be perplexing.
The Rise and Fall of Design Within Reach: A Modern Mess, by Jeff Chu, page 90
Furniture retailer Design Within Reach helped create a new appreciation for the modern aesthetic. But as Jeff Chu reports, the company is in dire straits, despite the fact that design is more mainstream than ever. Can a new ownership team--which fired the CEO in the wake of Chu's probing--right the ship?
MIT's Justice League, by Ryan Blitstein, page 98
A global network of economists called J-PAL is using randomized trials and experimental methods to determine which development policies work and which ones don't. The data, says Fast Company contributor Ryan Blitstein, could change the world.
Jeffrey Katzenberg Has Layers: The Redemption of an Ogre, by Mark Borden, page 104
"As a young prince, Jeffrey Katzenberg made billions for the Magic Kingdom, but his ambition got him banished," writes Mark Borden. Yet as the CEO of DreamWorks Animation, Katzenberg has defied expectations, outearning rival Pixar at the box office, launching products for the likes of Intel and HP--and redefining his personal mission "to live happily ever after."
Special Report: Bloody Shame, by Joshua Hammer, page 110
Zimbabwe's newfound diamond fields could have helped lift the beleaguered country from its misery. Instead, they have fueled a vicious cycle of government-sanctioned corruption, murder, rape, and thievery. The Kimberley Process Certification Scheme, charged with getting "blood diamonds" off the market, has done nothing to help. "As the terrifying events in Zimbabwe over the past year attest, greed, criminality and violence remain pervasive," Hammer writes.
For more of the December 2009/January 2010 issue of Fast Company, please visit www.fastcompany.com beginning November 24.
Media Contact:
Terry McDevitt
McDevitt Media Group LLC
210 822-0066 or 210 232-5759 (cell)
mcdmedia@mac.com
######
Highlights of the issue: November 2009
Intel Risks it All (Again), by Ellen McGirt, page 88
Andy Grove famously bet Intel on a new chip architecture in the 1980s. Today CEO Paul Otellini is engaged in an even more dramatic bet. The goal: a new kind of Intel--one defined as much by market insights as faster-than-fast technology. How Otellini and right-hand Sean Maloney are reengineering Chipzilla--with assists from Apple, China, and a hip indie ad shop.
The Unlikely Mogul, by Chuck Salter, page 98
"Even for Hollywood, where long odds and high stakes are staples of storytelling, the plotline is a doozy," writes Chuck Salter about Hulu, which in two years has become the premier broadcast video site on the Web. Jason Kilar, Hulu's 38-year-old CEO, has drawn in millions of viewers and gobs of ad dollars. Despite competitors on all sides--including his own backers, NBC, Fox and ABC--Kilar is on a mission to save traditional TV from itself.
Cassandra's Revenge, by Danielle Sacks, page 112
"Not long ago, economist Noreena Hertz lived at the lefty margins of her field," writes Danielle Sacks. "But her (widely ignored) prediction of the credit crisis and her call for a more evolved form of capitalism have put her in the spotlight." Big corporations and governments now turn to the Cambridge professor for insights into what she calls "co-op capitalism." Says Bono, who enlisted Hertz for his Red campaign: "The Hertz brain is hardwired to the Hertz heart, but it's the unsentimental economic analysis that makes her such an effective instrument for change."
The Gene Bubble, by David H. Freedman, page 116
Billions have been spent in search of miracle cures promised by the decoding of the human genome. Yet as David H. Freedman reports, most geneticists now quietly admit that such miracles are still far, far away--if they ever arrive at all: "Genome-based treatments are in the drug pipeline in the same way that the Cleveland Indians are in the World Series pipeline."
iPhone's Eye-popping Future, by Farhad Manjoo, page 51
The rise of "augmented reality" apps--such as Yelp's iPhone app--and how layering data on top of smartphone and computer screens is both a fad and the future.
Selling to The $700 Billion Gay-and-Lesbian Market, by Kate Rockwood, page 21
American Airlines, Viacom, Macy's, Hyatt, and more.
Tequila Madness, by Mark Borden and David Lidsky, page 32
As Diageo celebrates the 250th anniversary of Cuervo on Nov. 2, an agave-eye view on the fascinating (and salty) history of the margarita--now the most popular cocktail in America.
How the $45 Billion Pet-Care Biz is Going High Tech, by Zachary Wilson, page 64
Breakthrough products and services, from doggie DNA tests to the Ruffwear swimvest.
Real Estate Highs and Lows , By The Numbers by Anne C. Lee, page 40
The most expensive home, the lowest sale prices, the highest foreclosure locales and more.
For more of the November 2009 issue of Fast Company, please visit www.fastcompany.com beginning October 14.
Media Contact:
Terry McDevitt
McDevitt Media Group LLC
210 822-0066 or 210 232-5759 (cell)
mcdmedia@mac.com
######
Highlights of the issue: Fast Company Masters of Design
October 2009
Why Coke's David Butler Is The Real Thing, by Linda Tischler, page 90
David Butler has a nearly uncontainable design challenge: making Coke even bigger--and staying ahead of Pepsi. Butler, Coke's first in-house VP of Global Design, has risen to the challenge by applying design principles to a multibillion-dollar operation--using whiz-bang initiatives such as a Ferrari-inspired beverage dispenser and sexy aluminum versions of the classic contour bottle--to help refresh the once-stodgy Coke. "I understand that there are some people who would like to hear the words 'design-driven' come out of our CEO's mouth," says Butler. "Honestly, I don't care. We're leveraging design to drive innovation and to win at the point of sale, which is fundamental to our business. Full stop."
The Chosen One, by Jeff Chu, page 98
Tapped to create the Smithsonian's new National Museum of African-American History, David Adjaye--at the age of 43--is already considered one of the world's top architects, an accomplishment that makes him a young man in "an old man's field," Jeff Chu writes. His belief that high design shouldn't be exclusive to rich people has helped him deliver more project variety than any other top-tier architect. "What's the point of building if you're just doing the same thing over and over again?" he says. "That would kill me."
Confessions of an Infomaniac, by Linda Tischler, page 108
Pentagram's Lisa Strausfeld is a visual force on the web. Now she wants to redesign government. "I'd love to do a project making government activity a spectator sport," says Strausfeld. "If we could be as obsessive with government data as we are with baseball stats, maybe it would change the form of democracy."
The Five Tenets of Designing for Woman, by Kate Rockwood, page 120
The Femme Den--Whitney Hopkins, Agnete Enga, Erica Eden, and Yvonne Lin--"is an internal collective at Smart Design that's devoted to thinking about the bodies and brains of women and how to design--smartly--for them," writes Kate Rockwood. By pushing for designs that reflect what women really want, The Den is helping companies, from Target to BP to Nike, tap the $2 trillion female market. "When most people think of designing for women, they automatically think of tampons and birth control," says Lin. "Even when companies think that a product is for both genders, in reality they're just designing for men." According to Lin, "designers are working with male procedurals, probably going back to the beginning of time." Fast Company presents the five rules that animate the Femme Den--plus an array of best-in-class products.
Creative Leaps at Best Buy, P&G, and more, by Kate Rockwood, page 27
How big brands are venturing into unexplored turf, from Reebok's Cirque-du-Soleil-inspired exercise gear to Mr. Clean Car Wash, and McCafé coffees.
Viral Loop, by Adam L. Penenberg, page 55
"Some of the most iconic companies of our time--Facebook, Myspace, YouTube, Twitter--have attracted millions of users practically overnight," Adam L. Penenberg writes. They have accomplished this by tapping into the power of viral loops to build massive audiences in record time. "Now, they're using these growth engines to create the future of online advertising."
The Best-Performing Restaurant Stock of the Decade, by Kate Rockwood, page 69
No, it's not McDonald's or Darden. It's St. Louis-based Panera Bread--and Panera is "on a roll," as Kate Rockwood reports. The company, which "opens a new bakery-café every five days," is thriving by selling to an audience that is more "Food Network than fast food." "The recipe," Rockwood writes, "is succeeding."
For more of the October 2009 issue of Fast Company, please visit www.fastcompany.com beginning September 16.
Media Contact:
Terry McDevitt
McDevitt Media Group LLC
210 822-0066 or 210 232-5759 (cell)
mcdmedia@mac.com
######
MASTERS OF DESIGN 2009:
WHY COKE'S DAVID BUTLER IS THE REAL THING
HOW ONCE-STODGY COKE IS LEVERAGING DESIGN TO DRIVE INNOVATION--AND SALES
New York, September 16, 2009--David Butler has a nearly uncontainable design challenge: making Coke even bigger--and staying ahead of Pepsi. Butler, Coke's first in-house VP of Global Design, has risen to the challenge by applying design principles to a multibillion-dollar operation--using whiz-bang initiatives such as a Ferrari-inspired beverage dispenser and sexy aluminum versions of the classic contour bottle--to help refresh the once-stodgy Coke. In "Pop Artist," the cover story for Fast Company's October issue, senior writer Linda Tischler profiles Butler and Coke as part of the annual "Masters of Design" special report.
In contrast to the controversy earlier this year surrounding Pepsi's revamped logo--and disappointing sales after Pepsi launched new packaging for Tropicana orange juice and the rebranded Gatorade as G--Butler's quiet efforts at Coca-Cola have helped boost market share and drive sales upward.
That Ferrari-inspired beverage dispenser--the Freestyle fountain--provides a case study of Butler's tactics. Developed over 4 years in top secret, Freestyle is a sleek silver soda-fountain machine that dispenses more than 100 different Coca-Cola variants, and represents the largest investment in equipment innovation in the company's history--hundreds of millions of dollars.
Butler designed the machine to address a host of business conundrums: how to satisfy a consumer base that has been increasingly moving away from carbonated sodas; how to lighten the carbon footprint generated by hauling millions of gallons of syrup around the world; how to offer a maximum variety within the cramped confines of a fast-food restaurant or cafeteria; and how to get accurate, real-time feedback on customer choices. This is the kind of project that rings Butler's chimes: "I love big, giant, enormous systems, no matter what they are," Butler tells Tischler.
The October issue of Fast Company is on newsstands beginning September 21 and online at www.fastcompany.com beginning September 16.
Media Contact:
Terry McDevitt
210 822-0066 or 210 232-5759
mcdmedia@mac.com
######
Highlights of the issue: Fast Company
September 2009
Cover Story: Nokia Rocks the World, by Mark Borden, page 66
Fast Company's Mark Borden profiles Tero Ojanperä's plan to "rule the world" and bold bid to trounce the opposition and transform Nokia into a media company. "You can laugh and say, 'What is the point? Nokia is a cell-phone company; it will never get into the entertainment business.' That's okay. Laugh," Ojanperä says. "That's what people did when we said we were going to be the biggest cell-phone company in the world--back when we were making car tires and rubber boots."
Daddy Givebucks, by Jeff Bailey, page 74
Fast Company examines multi-billionaire Warren Buffett's promise of $1 billion in shares to each of his three children, Howie, Peter, and Susie. The catch? All money must go toward their charitable foundations. "In a letter that accompanied his pledges to them, Buffett wrote, 'I consider myself lucky to have three children who want to spend much of their time and energy working on projects that will benefit others.' That set out his expectation--that they will personally manage the assets and aggressively direct them to their chosen causes. 'Anyone can go around and get a hospital wing named after them,' Buffett says." In interviews with all three children, writer Jeff Bailey details their foundations, their efforts, and the one major lesson that each of them has learned along the way.
Hacking Education, by Anya Kamenetz, page 84
Who needs Harvard? Anya Kamenetz writes about how American higher education is being transformed by a cadre of Web-savvy edupunks. "Today we've gone from scarcity of knowledge to unimaginable abundance," she writes. "The string-quartet model of education in no longer sustainable. The university of the future can't be far away."
Fast Talk: Transit Authorities, interviews by Kate Rockwood, page 17
Congestion, pollution, and volatile fuel costs are inspiring cities and companies--even automakers--to entice urbanites out of using their cars.
• Janette Sadik-Khan, NYC DOT Commissioner, cut through the congested knots of Manhattan traffic with a novel concept: Close some roads, specifically high pedestrian traffic areas, to cars.
• Jerome Guillen, director of business innovation for Daimler Ag, has used Daimler's Smart brand to launch Car2Go, a car-sharing service. Its program pilot in Germany has attracted nearly 10% of the city's driving population; it's first U.S. initiative begins later this year, in Austin.
• " The biggest reasons people give for not biking to work are fear of theft and the inconvience of showing of sweaty and in bike clothes," says Andrea White-Kjoss, CEO of Mobis Transportation/Bikestation. "With a service hub like Bikestation, people can not only securely store their bikes but also use the shower rooms and changing facilities, buy equipment, take classes, use on-site maintenance-and-service stations, and ask for advice."
• Grant Harrison, vice-president of Humana, created B-cycle--automated kiosks that let riders rent bikes at prices akin to mass transit--at Humana in partnership with Crispin Porter + Bogusky and Trek. The national rollout will bring 50,000 bikes to a dozen U.S. cities in the next three years.
• "Public transportation has never been a cool idea in Los Angeles. We probably have the worst traffic in the country ... " says Michael Lejeune, creative director of Metro Design Studio. "Our goal is to make Metro cool."
• Kerstin Hanson, business innovation manager with Volvo Group, developed a "CO2 pedometer" application for cell-phones, which measures commuters' carbon emissions. Inspired by the data, Hanson's test group altered its behavior and reduced its carbon footprint by 30%.
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NOKIA TAKES ON "THAT FRUIT COMPANY FROM CUPERTINO"
They make 13 phones every second--but don't call them a cell-phone company: Nokia has bigger things in mind
New York, August 11, 2009--Nokia's share of the global cell-phone market is greater than its next three competitors combined, but when asked for a definition, CEO Olli-Pekka Kallasvuo has a quick answer. "We are not a cell-phone company," he says. Rather, Nokia is launching the world's biggest delivery system for services, apps, and entertainment. In the September issue of Fast Company, Mark Borden reports on the launch of Ovi, the company's counter to iTunes and the App Store, and dissects the Finnish phone king's plan to redefine its business and become the world's biggest entertainment media network. The September issue of Fast Company is available on newsstands now and online at www.fastcompany.com beginning August 12.
Borden also profiles Nokia's 43-year-old executive vice president of entertainment and communities, Tero Ojanpera, whose innovative approach to content and partnerships is helping lead the reinvention. At a dinner recently in New York for music executives from the industry's remaining major labels, Ojanpera reminded the group that reinvention is nothing new for Nokia by showing them an early company advertisement--for tires. When he makes the claim that Nokia "will quickly be the world's biggest entertainment media network," the music execs are snickering. "You can laugh and say ' What is the point? Nokia is a cell-phone company; it will never get into the entertainment business.' That's okay. Laugh," Ojanpera tells the crowd. "That's what people did when we said we were going to be the biggest cell-phone company in the world--back when we were making car tires and rubber boots."
Nokia's evolution from tires and boots to cell-phones to providing content is happening with a series of creative partnerships, including an unlikely one with Eurythmics polymath Dave Stewart, whose function is to connect the company with talent, opportunities and new ideas. As Nokia's ambassador to the entertainment world, Stewart wants to create an open-source rival to Apple's closed ecosystem. (Ojanpera refers to Apple as "that fruit company from Cupertino.") Stewart credits Ojanpera with being able to steer a clear course in this brave new world. "He's the one who can comprehend the two worlds of creativity and engineering and this vast enormous network and how they can possibly come together," Stewart tells Borden. "It's like he sees these two enormous ships floating in space yet moving hundreds of miles an hour; with Nokia, he can direct them to a docking point."
Ojanpera tells Borden that while his ambition for Nokia is to be the biggest entertainment base in the world, the even greater ambition is to be the largest network in the world--period--and to use its billion-person base as an opportunity to insert itself into all types of commercial transactions. The company is focused on bottom and middle-tier customers, and not just on the highest-end consumers, Borden writes, but the Finnish company "still has work to do before it is a leader, or even a contender, in the finicky minds of the American techno elite."
Nokia seems content to focus on the long-term game as it continues to evolve. "We now think of ourselves as a devices-and-services company that is deeply involved in media, music, gaming, and navigation," CEO Kallasvuo tells Borden. "Still, that doesn't mean evolution can't turn you into something quite different," Borden observes. "As Kallasvuo says of Ojanpera: 'Tero is looking more and more like Dave Stewart every day.' "
Note: Mark Borden is available for interviews regarding this article. Please contact Terry McDevitt at McDevitt Media Group: 210 822-0066 or 210 232-5759, or by e-mail at tmcdevitt@mcdevittmedia.com.
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Highlights of the issue: Fast Company
July/August 2009
Cover Story: The Evolution of Amazon, by Adam L. Penenberg, page 66
Fast Company explores how Amazon is tapping its inner Apple, and how Jeff Bezos's push into e-books may be putting him on a collision course with Steve Jobs. Adam L. Penenberg offers insights into a fascinating strategic battle that spans tech firms, publishing houses and even, potentially, entertainment firms.
Beyond the Grid, by Anya Kamenetz, page 80
Staff writer Anya Kamenetz delivers both a compelling call to action and a cautionary tale about the power of entrenched interests in this examination of the "microgrid"--potentially a cheaper, faster, and more effective way to update our energy system. Kamenetz takes dead aim at admired environmental leaders such as Al Gore and politicians such as Senator Harry Reid, both of whom are calling for an "electric superhighway," a parallel to the information superhighway that enables the Internet. "The microgrid poses an existential threat to the business models the utilities have happily depended on for more than a century," Kamenetz writes. "No wonder so many of them are fighting it every step of the way."
The Scarlet Woman of Bentonville, by Danielle Sacks, page 76
Nearly three years after being fired by Wal-Mart, former marketing superstar Julie Roehm faces her toughest rebranding campaign ever. Can Roehm, once the face of innovative advertising for Ford and Chrysler, recover from the scandal that derailed her career and cast her as the "Hester Prynne of Bentonville"? Danielle Sacks goes behind the scenes of Roehm's Arkansas exile and reports that going into hiding is not exactly in the cards. "If I'm going to be stuck with this scarlet letter," Roehm tells Sacks, "I'm going to dress it up and make it the prettiest damn scarlet letter I can possibly make it."
Gavin Newsom Wants a Job, by Ellen McGirt, page 88
Ellen McGirt uses a colorful, controversial character--Gavin Newsom, who wants to be Governor--to explore assumptions about the world's eighth largest economy. "The state is bedeviled by plunging revenues, widespread foreclosures, failing schools, crumbling infrastructure, and a shaky credit rating, all being tackled by an openly loathed legislature with an 11% approval rating--and a governance system that seems frozen in a bygone era," McGirt writes. "By all best estimates, California, the eighth-largest economy in the world, is staring into a $20 billion black hole." Will Californians vote for the hate-him-or-love-him mayor of San Francisco to lead them out of this mess?
The CEO Who Feeds America, by Chuck Salter, page 102
Fast Company takes a look at how Darden Restaurants--the world's biggest casual-dining operation (Olive Garden, Red Lobster, Longhorn Steakhouse)--is using technology, savvy brand management, and a little bit of soul to keep growing even in tough times. Chuck Salter profiles CEO Clarence Otis, the man who helps deliver a tasty profit for Darden as they serve 400 million meals a year.
Media Contact:
Terry McDevitt
McDevitt Media Group LLC
210 822-0066 or 210 232-5759 (cell)
mcdmedia@mac.com
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THE ELECTRIC SUPERHIGHWAY TO NOWHERE
Wasteful, Costly and Slow: Why spend billions on long-haul power lines?
Fast Company reveals how small-scale, local power--the microgrid--could solve the nation's energy crisis
Why are the big utilities fighting it every step of the way?
New York, June 16, 2009--In the July/August issue of Fast Company, staff writer Anya Kamenetz takes aim at admired environmental leaders including Al Gore and Harry Reid who are calling for an "electric superhighway"--a parallel to the "information superhighway" that enables the Internet. Offering both a compelling call to action and a cautionary tale about the far-reaching power of entrenched interests, Kamenetz argues in "Beyond the Grid" that local, renewable power--windmills and solar panels on every roof--offers a cheaper, faster and more effective way to update the nation's energy system. The July/August issue of Fast Company is on newsstands beginning June __ and available at www.fastcompany.com beginning June ___.
"The evidence is growing that privately owned, consumer-driven, small-scale, geographically distributed renewables could deliver a 100% green-energy future faster and cheaper than big power projects alone," Kamenetz writes. "Companies like GE and IBM are talking in terms of up to half of American homes generating their own electricity, renewably, within a decade. But distributed power--call it "the microgrid"--poses an existential threat to the business model the utilities have happily depended on for more than a century. No wonder so many of them are fighting the microgrid every step of the way."
The microgrid is all about consumer control, Kamenetz says: aligning monetary incentives, with the help of information technology, to make renewables and efficiency pay off for the average homeowner, commercial developer, or even a town. Kamenetz writes that the "killer app comes when you, the consumer, can actually profit by using power intelligently. What we're talking about here is potentially a shift every bit as profound as the switch from mainframes to PCs, or from landline to cellular--a movement from behemoth centralized power plants to a network of privately owned, renewable, geographically distributed installations, managed using the same kind of packet-switching software that regulates the flow of information over the Internet."
Kamenetz cites examples of how "the microgrid" is already working in several locales.
"It's inevitable that consumers will continue to want to exercise more involvement in energy decisions," Allan Schurr at IBM tells Fast Company. "I don't think utilities can make unilateral choices here. The force is very strong."
Anya Kamenetz is available for interview and commentary on "Beyond the Grid." Please contact Terry McDevtt at 210 822-0066 or 210 232-5759.
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The list includes engineers from Facebook and Google, movie directors and fashion designers, architects and inventors. "We emphasized those who creativity addresses a larger issue--from the future of our energy infrastructure to the evolution of philanthropy to next-generation media and entertainment," explain the Fast Company editors, in the introduction to the list. "And while we couldn't see how lauding Steve Jobs would show much creativity, we also couldn't ignore the outsized impact Apple has had on our business culture. That's why Apple's chief designer heads our list at No. 1."
Rounding out the top 10 are Shai Agassi, CEO, Better Place; Reed Hastings, CEO, Netflix; Rich Ross, President, Disney Channels Worldwide; Tero Ojanpero, EVP, Nokia; Sandy Bodecker, VP of Global Design, Nike; Michele Ganeless, President, Comedy Central; Jon Rubenstein, Executive Chairman, Palm; and James Schamus, CEO, Focus Features. For the rest of the list and rich multimedia profiles of the 100 Most Creative People in Business, go to www.fastcompany.com. The June issue of Fast Company is on newsstands now.
Cover Story: Hollywood's Rogue Mogul--How Terminator Director McG is Blowing Up the Movie Business, by Mark Borden, page 54
How the director known as McG, a master of music videos and guilty-pleasure TV, became a power in Tinseltown--and now plans to transform the studio system.
Plus: Fast Company reveals exclusive on-set interviews with McG online at www.fastcompany.com.
App Mania!, by Farhad Manjoo, page 72
Everyone wants a piece of the booming iPhone ecosystem, from competitors like Google to marketers like Nike. Farhad Manjoo analyzes the mania that has grown up overnight around the iPhone and Apple's App Store. Entrepreneurs like Ethan Nicholas--who projects his tank game will make him a millionaire this year--big brands such as Kraft--which see the app world as a ripe marketing realm--and device makers such as Research in Motion and Nokia all are salivating to exploit the new passion for mobile tools.
The Doctor of the Future, by Chuck Salter, page 64
Cutting-edge technologies, from Facebook-like software to surgical robots, are bringing the American health-care system into the 21st century--just in time. Senior writer Chuck Salter avoids the swamp of congressional hearings, lobbyists' arguments, and think-tank reports about health-care reform and instead visits with on-the-job doctors who are already deploying the kinds of cutting-edge technology that could make medical treatment cheaper, better, and more convenient--and reassert America's global leadership in this critical area.
What Meth Made This Billionaire Do, by James Verini, page 84
Tech billionaire Tom Siebel has no doubt that he can keep teenagers off crystal meth--and change the world--as long as everything is done his way. James Verini explores the method behind the Meth Project, whose graphic, harrowing TV ads--directed by big-time auteurs--have blanketed Montana's airwaves since 2005. To watch the full spots, go to www.fastcompany.com.
Ground Control, by Greg Lindsay, page 80
Honeywell's new GPS-based landing system could save the airlines billions--and save you from terminal hell. Greg Lindsay, reports on the first salvo against interminable flight delays.
Other highlights of the issue ...
Fast Talk, page 17
NOW, page 27
NEXT, page 37
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New York, April 16, 2009--Seattle has been named City of the Year on Fast Company's 2009 ranking of "Fast Cities." Editors cited Seattle's "smarts, foresight, social consciousness, and creative ferment" as the ingredients that made it tops this year--"ingredients that we believe will bring our communities--and country--back to prosperity." The complete ranking of "Fast Cities 2009" appears in the May issue of Fast Company and online at www.fastcompany.com.
Twelve other U.S. and international cities were cited on Fast Company's honor roll for exemplary initiatives that are improving neighborhoods, transforming lives, and helping build better, faster cities for the future. (See below for full listing.)
Novelist Garth Stein, who penned "Seattle Grace" as part of the "Fast Cities" package, says that the capital of the Pacific Northwest is blessed with divine geography, frontier spirit, and an abundance of artists and geeks. Plus, it's not even that rainy. "But consider the bounty those long, dark damp winters have provided the world," Stein writes. "There's Starbucks, Microsoft, Amazon and its Kindling, Boeing jets, Frango mints, Pearl Jam, Costco, Jones Soda, Jimi Hendrix, salmon jerky. That's an impressive list for a city of just 600,000 people tucked in a remote corner of America, wedged tightly between two mountain ranges, and pushed up against the cold, deep Puget Sound."
Stein points out that in this winter of our nation's economic discontent, "Seattle's multifaceted economy and forward-thinking business climate have given the city a little extra insulation; the jobless rate in January was 6.8%, more than a percentage point better than the national average. This is the kind of city that will thrive and lead us into recovery."
Fast Company also singled out 12 initiatives in other cities that set new standards for how to "go greener, be safer, live smarter, and invest for the future".
Cleveland, OH--Reimagining a More Sustainable Cleveland Initiative
San Francisco, CA--Bank on San Francisco
Tucson, AZ--Healthy City Initiative
Taipei, Taiwan--Zero Landfill, Total Recycling
New Orleans, LA--The Broadmoor Improvement Association
Malmo. Sweden--Sustainable, Eco-friendly Enclaves
Denver, CO--Five by Five
Chicago, IL--I-Go + CTA Smart Card
Houston, TX--Discovery Green
Philadelphia, PA--The Mortgage Foreclosure Protection Program
Vancouver, British Columbia--Green Games
New York, NY--The NYPD Counterterrorism Unit
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New York, April 16, 2009--What do you say about a brilliant Hollywood director who suffers a breakdown, generates more money than God, and goes only by a three-letter moniker? In the May issue of Fast Company and online at www.fastcompany.com, Mark Borden finds a lot to say about the enigmatic McG--director of Terminator Salvation, and the Charlie's Angels franchise, and producer of TV's The OC, Supernatural, and Chuck--who in the past few years has overcome a debilitating anxiety disorder and stealthily emerged as one of the most powerful figures in Hollywood.
In "Hollywood's Rogue Humanoid," McG (born Joseph McGinty Nichol, for the record) talks publicly for the first time about his struggle with agoraphobia that finally brought him to his knees, just as his career and reputation were heading for the stratosphere. Everything temporarily ground to a halt on a July day in 2004 outside the Warner Bros. private jet terminal, when McG collapsed. "I was staring at the terminal, knowing I didn't have what it took to get on," McG tells Borden. "It just put me in that fetal position in the corner, saying, 'What have I become?' I had to look into the abyss and experience that find-my-character moment--and realized I didn't have it."
After keeping his condition secret for so long, Borden writes, McG is relieved to discuss it publicly for the first time, just as his diversified $2 billion entertainment machine--including Terminator Salvation and the film version of Spring Awakening--is cranking into high gear. "There's something about the path I've walked to get here that means I can be forthcoming," McG tells Borden. "I don't know how much deeper you can get than being agoraphobic for your entire adult life and having that be the mountain you need to overcome. I don't know how much further you can get than your brother dying in a cocaine overdose and being there to clean up the scene. [He lost his brother in 2007.] I look in the mirror and realize everything I've got is out there.
Hollywood moguls aren't scared of casting their fates with him, either. "He's the kind of guy where if you put a big franchise in his hands, you know you're going to be taken care of and have a big hit movie," says Amy Pascal, who runs Sony Pictures.
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"As Editor of the Year, Fast Company's Robert Safian looks for stories with an element of fun, surprise and overcoming adversity," Lucia Moses wrote in the intro to the Adweek Special Report. "He need not look further than his own magazine. Fast Company was widely written off for dead [before] Morningstar founder (and white knight) Joe Mansueto bankrolled a dramatic advertising and circulation turnaround. Key to that success was Safian, AdweekMedia's Editor of the Year, who reestablished the business book as the authority on innovation while reviving a stodgy category. As the nation looks towards a recovery, a magazine about innovation that will drive that recovery would appear well-positioned for growth itself."
Safian, who became editor and managing director of Fast Company in 2007, previously served as executive editor at Fortune, executive editor at Time and, for six years, as the top editor at Money. He has led Fast Company to numerous accolades including Magazine of the Year honors from the Society of Business Editors and Writers and both the Adweek Hot List and the Ad Age A-list in 2008. Safian was personally recognized with an Innovator of the Year Award from B-2-B Media. He has appeared on CNN and other TV networks and has been a featured speaker at events ranging from the Cisco Systems CIO Summit to Chicago's City of the Year luncheon with Mayor Richard Daley. Already in 2009, Fast Company has been nominated for two National Magazine Awards, in the categories of Reporting and General Excellence, by the American Society of Magazine Editors (ASME).
"Bob is the consummate brand ambassador," says Fast Company publisher Christine Osekoski. "He also truly understands the importance of having a solid base of progressive and innovative advertising partners."
Mansueto Ventures CEO John Koten who hired Safian in 2007 says: "American business is going through a revolution unlike anything most of us have experienced in our lifetimes. Under Bob's leadership, Fast Company is--both in print and online--on the cutting edge of describing the creative and innovative elements of this revolution in a way that really helps our passionate readers make the most of it."
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New York, March 19, 2009--Fast Company received two nominations for National Magazine Awards, the magazine industry's highest honor, from the American Society of Magazine Editors in the categories of Reporting and General Excellence. "China Storms Africa," by investigative journalist Richard Behar, which appeared in the June 2008 issue, was nominated in the Reporting category, while the June, September and November issues were highlighted in the General Excellence category.
The other finalists in Fast Company's General Excellence category are The Economist, GQ, Wired and Runner's World.
The additional finalists for the Reporting category are GQ, The New York Times Magazine and The New Yorker.
In a press release announcing the finalists for the 44th annual National Magazine Awards, Sid Holt, Chief Executive of ASME said, "In the midst of a global economic recession, magazines continue to be an unparalleled source of information and inspiration."
Winners will be announced on April 30
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April 2009 Issue Highlights
Cover Story: Boy Wonder (The Kid Who Made Obama President), by Ellen McGirt, page 58
The untold story of how Chris Hughes, at the tender age of 25, helped create two of the most successful startups in modern history: Facebook and the Barack Obama campaign. Fast Company reveals exclusive details in the magazine and in accompanying coverage online at www.fastcompany.com.
Finely Tuned, by Anya Kamenetz, page 66
In one of the great untold media stories of the past decade. NPR has become the country's largest newsgathering giant. How CEO Vivian Schiller plans to deploy digital tactics, and good old-fashioned shoe leather to save the news business.
10 High-Octane Ways to Rev Up the Car Business, page 72
From the iPhone Solution to Pimp My Prius, real-world ideas to save the car business from genomics whiz J. Craig Venter, the founder of ZipCar, Cisco's smart-garage guru and more.
Rwanda Rising, by Jeff Chu, page 80
In the wake of the brutal genocide that killed one-eighth of Rwanda's population 15 years ago this month, president Paul Kagame has tapped business leaders from Costco, Google, Starbucks, and more to create a new model for economic success.
Om My!, by Danielle Sacks, page 92
Yoga may be the ancient route to self-knowledge and discipline, but for moving $90 leggings, Lululemon found it a little "too slow." Danielle Sacks reports on how the om-oriented niche retailer is creating a cult following for its yoga gear by incorporating secrets from The Secret and other controversial self-help classics.
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New York, March 18, 2009--Fifteen years after the genocide that killed an eighth of its population (1 million people in 100 days in 1994 alone), the small African nation of Rwanda remains one of the world's poorest places: 90% of its adults are subsistence farmers, and its per-capita income is about $1 a day. But the country is now trying to reinvent itself-and conquer poverty-by embracing a new model of economic development: Build a global network of powerful friends-including CEOs from Costco, Starbucks, Google, and RealNetworks-to lure private investment, and market the brand of Rwanda. Fast Company's Jeff Chu reports on how President Paul Kagame and other leaders are transforming the fabric of Rwanda's economy. "Rwanda Rising" appears in the April issue of Fast Company and online at www.fastcompany.com, beginning March 18.
"Rwanda's biggest challenge is reputational," says economist Jean-Louis Warnholz of Oxford's Center for the Study of African Economies. "It's associated with war. It's seen as so poor that people think of it as a place to do charity. The opportunities are there, but it hasn't been taken seriously as a place to do business."
That is starting to change, thanks to the relationships fostered by Kagame's Presidential Advisory Council-which has never before been profiled in the Western press. Kagame (who still faces troubling questions about his involvement in the region's ongoing conflicts) established this unpaid, business-savvy team to help market and promote the country for outside investment. Perfect example: in 2006, Costco CEO Jim Sinegal was asked by Dan Cooper, a partner in Chicago's Fox River Financial Resources, if he would have a lunch meeting in New York with Kagame. That meeting led to a presidential stop at Costco HQ near Seattle, which led to Sinegal's promise to visit Rwanda. Today Costco is one of the two biggest buyers of Rwandan coffee beans--about 25% of the country's premium crop. "I knew the Rwanda story, but I wasn't intimately involved," Sinegal says. "It took more elbow grease to get this started up, but it has been very profitable. Good for us and good for them."
How good? Sinegal introduced Kagame to Howard Schultz, CEO of Starbucks, now the other top buyer of the country's coffee. "Rwanda has no oil and few minerals," Fast Company's Chu writes, "but it does have one abundant asset: well-placed friends." Sinegal. Schultz. Former British Prime Minister Tony Blair. "Purpose-driven" pastor Rick Warren. RealNetworks CEO Rob Glaser. Google CEO Eric Schmidt. All are part of Rwanda's ever-expanding network of influential supporters.
Chu reports that President Kagame's goals are ambitious: to boost GDP sevenfold, find paying jobs for half of Rwanda's subsistence farmers, nearly quadruple per capita income to $900, and turn his country into an African center for technology, all by 2020. Investors and donors seem thrilled at the chance to participate in the rebuilding of a country whose recovery from unimaginable tragedy is seen as inspiring. RealNetworks CEO Glaser, who has created internships at his company for Rwandans and given more than $6 million to build health centers in Rwanda, offered a typical reaction: "If we can make this place a beacon of hope--a place where just 15 years ago, an eighth of the country was murdered in the most brutal way possible--then that hope should be possible anywhere."
One of those beacons of hope-and an example of how local ingenuity can lift people out of poverty-is Marta Mukakalisa, 30, who supports her four children and an orphan while her husband is off in the army. She has singlehandedly built a small dairy-distribution business, and now earns twice the government's goal for per-capita income. Mukakalisa embodies the entrepreneurial spirit and daring that developing countries will need more of to compete in the global economy. She told Chu that she plans "to make a lot of money." Why will she succeed where her neighbors haven't? "Some people here, they're reluctant to take risks," she says. "I like to take risks."
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