The things that give us deep happiness are inherently things that take longer and have a big element of meaning in them. Running a marathon, writing a book, doing a start-up, climbing a mountain, being successful in some project… Whatever it is, the things that people report as important parts of their lives are ones that don’t fit with our pleasure principle. If you ask yourself what is it that all of those things have, it is meaning.
Alabbar isn’t short of confidence, charisma and cash — but the numbers also add up very much in his favour. Right now, e-commerce accounts for just 2 percent of total retail sales in the region, or around $3bn. By 2025, the e-commerce market is expected to be worth a staggering $70bn a year. Noon is building the world’s largest warehouse to store its products, adjacent to Dubai’s second airport, Al Maktoum International. It will be the size of 60 football pitches. Similar centres are planned in Saudi Arabia and later across the region, as Noon launches first in the UAE and Saudi Arabia before moving across the Middle East.
High Noon: Alabbar’s plan to conquer e-commerce
“It’s all rendered with an amazing level of detail, with no expense spared. For RAM, Daft Punk recorded in the best studios, they used the best musicians, they added choirs and orchestras when they felt like it, and they almost completely avoided samples, which had been central to most of their biggest songs. Most of all, they wanted to create an album-album, a series of songs that could take the listener on a trip, the way LPs were supposedly experienced in another time.”
At this time of the year the weather on Dubai is fantastic. On my way to the Gulf club to meet a Founder.
How to Miss the Boat – Five Times
Despite Microsoft’s remarkable financial performance, as Microsoft CEO Ballmer failed to understand and execute on the five most important technology trends of the 21st century: in search – losing to Google; in smartphones – losing to Apple; in mobile operating systems – losing to Google/Apple; in media – losing to Apple/Netflix; and in the cloud – losing to Amazon. Microsoft left the 20th century owning over 95% of the operating systems that ran on computers (almost all on desktops). Fifteen years and 2 billion smartphones shipped in the 21st century and Microsoft’s mobile OS share is 1%. These misses weren’t in some tangential markets – missing search, mobile and the cloud were directly where Microsoft users were heading. Yet a very smart CEO missed all of these. Why?