Bamboo Innovator
R.E.S.-ilience in Value Creation 《竹经:经商经世离不得立根创新》
Bamboo Innovator Series
"Uprising! with Bamboo Innovators" Industry Trends (Corporate Workshop)
100X: How Companies Can Transform Into Resilient Bamboo Innovators to Create Extraordinary Value (Corporate Workshop Series)
Workshop 1: Scale Up With a R.E.S.-ilient Business Model or Blow Up
Workshop 2: Can You Hate Your Family Members for 100 Years – and Still Build a World-Class Company? Insights from the Most Admired Family Businesses
Workshop 3: No Time? Buy Patience in Creating a Tipping Point in Your Business Model
Workshop 4: Tired Emperors Vs "Sheath" Leaders: Up Close and Personal with the Winning Leadership Qualities of Bamboo Innovators
From the Fund Management Jungles: Value Investing Exposed and Explored (Public Workshop Series)
Workshop 1: In Search of Compounding Stocks in Uncertain Times
Workshop 2: Detecting Frauds Ahead of the Investing Curve
Workshop 3: Tipping Point Analysis in Value Investing
Workshop 4: Bet on the Jockey (Management) or the Horse (Business Model)?
The Moat Report : Asia
Australasian Banking & Finance Conference (Sydney, Dec 2010)
Emerging Value Summit 2013 (Apr 9-10)
Global Development Finance Conference (Cape Town, Nov 2010)
On the Ground in Asia (Jan-Dec 2012, Jan 2013)
The Miasmic Asian Capital Jungle and the Tranquil Bamboo Innovator Grove
Value Investor Conference (2006, 2010, 2012)
Wide Moat Investing Summit 2013 (July 9-10)
TMT Trends
Investing Process
Bamboo Series
← Barclays bond index unit, which tracks assets with market value of $13 trillion, hits market; may fetch $400 million: sources
Auditors Favor Curbs on Changes to the Audit Report →
Intuit president and CEO Brad Smith reflected on the company's three decades of agility, outlined current products and partnerships, and forecasted industry trends-while carefully alluding to imminent Intuit innovations
Intuit CEO Brad Smith Talks Big Trends and Changes
SAN ANTONIO (JUNE 18, 2014)
BY DANIELLE LEE
Intuit president and CEO Brad Smith reflected on the company's three decades of agility, outlined current products and partnerships, and forecasted industry trends—while carefully alluding to imminent Intuit innovations—on the final morning of the Scaling New Heights conference Wednesday in San Antonio.
"We're like Tim Duncan," he told the general session audience during a sit-down with conference host and QuickBooks consultant Joe Woodard that later opened into an audience Q&A. "We won a championship ring in each of the last three decades, and are going to continue to win."
Those rings were earned through the DOS, Windows desktop, web and cloud eras, he explained, and while Intuit navigated the sea changes with products like QuickBooks Online back in 2001, he had to assure some concerned pro advisors they would not be adrift as the company forges ahead.
"No," he replied simply to the question of whether the desktop product would disappear. "We give people the path to the future, but we don't leave a customer behind."
Some attendees were more worried about their cloud-averse clients, with one asking if a new QuickBooks desktop app was in the pipeline. Smith said there was not, while pledging the company's continued allegiance to desktop and promising the advisor that their clients would do very well in the cloud.
"Even though we remain committed to desktop…there is no way to match the capability of the cloud," he later explained, noting the limits presented by "data locked up in little metal coffins: C drives" as opposed to the "infinitely scalable cloud."
"We grew up in the era of 'never enter data twice.' In the era of the cloud, you never enter data at all [with automation]… You can move into the consulting and advising game, and out of the rote."
Smith further assured QuickBooks pro advisors, who he at one point dubbed Jedi knights, of their key role between product and clients.
"Many people can look at technology and say: this is a way to disintermediate me out of the relationship. In cloud, nothing is further from truth."
Looking ahead, Smith listed four fundamental technology trends, beginning with participation-driven innovation, as savvy consumers exert greater control and customization of their devices and applications. Additionally, he outlined: the cloud is breaking down the world's borders, the shift to mobile continues, and the era of big data is upon us.
In response to these paradigm shifts, Intuit offers flexibility.
"There are no barriers to us being open," Smith said when asked by Woodard about recent partnerships, including their Square point-of-sale integration. "We have to be a free-flowing system [that] allows small businesses to use whatever they need."
Lingering cloud anxiety emerged once more in another attendee's question about privacy, with Smith reassuring the room that cyber-security was the number one priority at Intuit, "bar none."
"It's a day-to-day effort everyone in industry has to stay ahead of," he shared, explaining that Intuit regularly exchanges best practices with neighboring Silicon Valley behemoths like eBay. He also described it as a necessary responsibility given Intuit's size: they process 40 percent of the nation's tax returns, one in 12 Americans are paid by QuickBooks payroll, and they are the fifth-largest bank in the nation, based on bank data.
Smith also gave a brief glimpse into areas in which Intuit will be expanding, though he couldn't yet give specifics. One of these is automated online file backup, for which the company did a deep review two weeks ago, and they are talking to multiple players in that space for potential partnerships.
Smith stressed Intuit's continued partnership with pro advisors throughout his amiable talk, even closing by expressing his love for all his "brothers and sisters" in the room, and urging them to attend Intuit's inaugural QuickBooks conference in October.
Still, his focus was staunchly progressive. "Everyone's for change until it happens to them," he said at one point in reference to late adopters. "It can happen to you, or through you—it's your choice."
Filed under TMT Trends
About bambooinnovator
Kee Koon Boon ("KB") is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea's largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore's financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world's first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.
Asia H.E.R.O. Innovators Fund
The ARCHEA FUND-ASIA INNOVATORS is the only Asian SMID-cap tech-focused equities fund in the industry. H.E.R.O. stands for "Honorable. Exponential. Resilient. Organization." and is operationalized into a unique, systematic 4-step investment process to identify the winners. The investment objective seeks to capture long-term investment returns created by disruptive forces and innovation by focusing on high-quality and liquid listed equities in the Asia-Pacific region that ride on and benefit from them. Through our cross-sector and in-depth fundamental research process, the Fund aim to provide access to companies whom we believe are run by high-integrity, honorable and far-sighted owner-operators with a higher sense of purpose in solving High-Value Problems for their target customers and society, and have unique, scalable and wide-moat business models with sustainable competitive advantages and innovative products, services, and processes to create, expand and service their total addressable market, including the resiliency and balance sheet strength to maintain or grow profitability, pricing power and market positions through up/downturns in the economy.
www.heroinnovator.com
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CENTERED With H.E.R.O. Issue 9: Real-time A.I. Software Analysis for Breast Ultrasonography; Global Leader in Image/Video A.I. Processing Solution July 14, 2019
CENTERED With H.E.R.O. Issue 8: A.I. for People In Need, Asian IoT-SaaS Partner of Amazon's "AWS IoT Events" Worldwide Service July 6, 2019
CENTERED With H.E.R.O. Issue 7: Collaboration & Office Automation Software/AI, Asia's Leading Online Marketplace in Local Experience Tours & Activities June 30, 2019
CENTERED With H.E.R.O. Issue 6: Dassault-Medidata; Asian SaaS-AI Medical Imaging Software; "100X: Exponential Innovators in the H.E.R.O.'s Journey to Navigate the Volatile Uncertain World" June 23, 2019
CENTERED With H.E.R.O. Issue 5: Flourishing Highly-Profitable Exponential Innovators, Japan's DeepMind, Anti-Fraud AI June 16, 2019
CENTERED With H.E.R.O. Issue 4: Internal Rhythm to Create Value Amid Trade War, NICE, SettleBank, the "Power of One" June 8, 2019
Singapore's Super H.E.R.O. Roundtable: Re-imagining Value Investing in an Exponential World – VALUE 3.0 With Ever More "Value Trap" Losers & A Selected Under-the-Radar Group of Winners with Exponential Edge June 1, 2019
CENTERED With H.E.R.O. Issue 2: Resilient Amidst Trade War – Japan's AS ONE AI X RPA, Exponential Innovators Highly Impervious to Trade War Risks | 27 May May 25, 2019
CENTERED With H.E.R.O. Issue 1: Resilient Amidst Trade War – Japan's BrainPad +AI, Korea Data Leader, Oceania MedTech Disruptor | 20 May May 19, 2019
H.E.R.O.'s Journey in Tech (15 May 2019) – The Spectacular Implosion of Dr. Cho's 'Nefarious Network': Hong Kong's markets are plagued by stock manipulation, share pledging, cross-ownership and margin lending. Regulators say they're going to take action. May 15, 2019
H.E.R.O.'s Journey in Tech (14 May 2019) – How to Increase Your Personal Agency May 14, 2019
H.E.R.O.'s Journey in Tech (13 May 2019) – Gates's Law: How Progress Compounds and Why It Matter May 13, 2019
M Cash Integrasi (IDX: MCAS), Indonesia's Leading Digital Kiosk & Payment Infrastructure Network Company – H.E.R.O. Innovators Insights from CEO Martin Suharlie | H.E.R.O. HeartWare | 13 May May 12, 2019
H.E.R.O.'s Journey in Tech (11 May 2019) – Secret of sensor giant Keyence's super-high margin + Japan's Google-backed AI pioneer plots a quantum leap; Analyzing retail data only scratches the surface of Abeja's ambitions May 11, 2019
H.E.R.O.'s Journey in Tech (9-10 May 2019) – The Company Behind Gore-Tex Is Coming for Your Eyeballs; W.L. Gore, the classic American innovator, is building artificial corneas, and reinventing itself in the process. May 10, 2019
H.E.R.O.'s Journey in Tech (8 May 2019) – This Little-Known Stock Nearmap Rallies 149% to Take Australia's No. 1 Spot + Robert Browning on Artistic Integrity, Withstanding Criticism, and the Courage to Create Rather Than Cater May 8, 2019
H.E.R.O.'s Journey in Tech (7 May 2019) – Word's new AI editor will improve your writing May 7, 2019
H.E.R.O.'s Journey in Tech (6 May 2019) – 'We screwed up' not buying Google shares, Berkshire's Munger says May 6, 2019
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H.E.R.O.'s Journey in Tech (1 May 2019) – Microsoft, Slack, Zoom, and the SaaS Opportunity + A $4.4 Billion Accounting Error Burns Investors in China; One of China's largest listed drugmakers Kangmei Pharmaceuticals said it overstated cash holdings by $4.4 billion May 1, 2019
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Smaregi (TSE: 4431), Japan's Leading SaaS Cloud Innovator in POS (Point-of-Sale) Powered by Trillion Yen Transactions Data Platform – H.E.R.O. Innovators Insights from CEO Dr. Hiroshi Yamamoto | H.E.R.O. HeartWare | 29 April April 28, 2019
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H.E.R.O.'s Journey in Tech (26 April 2019) – Microsoft Surpasses $1 Trillion Valuation April 26, 2019
H.E.R.O.'s Journey in Tech (25 April 2019) – Scientists develop an AI that can turn brainwaves into speech + Why Bill and Melinda Gates wash dishes together every night April 25, 2019
H.E.R.O.'s Journey in Tech (24 April 2019) – Nearmap Partners with HNTB to Use 3-D Aerial Imagery to Win More Business Against Larger Competitors April 24, 2019
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H.E.R.O.'s Journey in Tech (22 April 2019) – Catalyzing Success: My Interview with Pioneer Founder Daniel Gross [The Knowledge Project Ep. #56] April 22, 2019
MedPeer (TSE: 6095), Japan's Leading Integrated Medical & Healthcare Community Platform – H.E.R.O. Innovators Insights from CEO Dr. Yo Iwami | H.E.R.O. HeartWare | 22 April April 21, 2019
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H.E.R.O.'s Journey in Tech (18 April 2019) – How Setbacks Help Us Discover What We Truly Love: "The truth is, we just don't know whether we actually are in love with the process until we experience the setbacks." April 18, 2019
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H.E.R.O.'s Journey in Tech (10 April 2019) – Why $1.5 Billion Startup Asana Ditched Email To Prove Its Own Work Management Strategy + Eric Schmidt – Lessons from a Trillion-Dollar Coach April 10, 2019
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H.E.R.O.'s Journey in Tech (5 April 2019) – How billionaire debutant Sanjeev Bikhchandani built himself a fortune; The new-age tycoon and founder of Info Edge has earned himself a a reputation to match April 5, 2019
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