Greater Irvine Chamber of Commerce
Our mission is to advance the economic vitality of greater Irvine.
Our mission is to advance the economic vitality of greater Irvine.
There are companies that do one thing well. There are companies that do a few things well. Then there are the companies that do everything well. This year, seven companies stand apart for scoring well beyond most of the pack in every one of the five categories that go into the Management Top 250, a ranking compiled by the Drucker Institute of the most effectively run major U.S. companies. Those seven companies: Apple Inc., Intel Corp., Accenture PLC, Procter & Gamble Co., 3M Co., Nike Inc., and Greater Irvine Chamber Leaders Circle member Edwards Lifesciences Corp. As a group they aren’t the seven highest-ranked companies overall, but they are the only ones that scored one standard deviation or more above the mean in all five categories—customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength—among the hundreds of companies examined by the Drucker Institute. It’s impossible to tell exactly why these companies scored so well in all of the categories. But there is a clue: Of the five categories, it was customer satisfaction where these management all-stars most differentiated themselves as a group in comparison with the scores of the top 20 companies overall, according to an analysis by the Drucker Institute. Ranjay...
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Not taking a second seat to Boston, the Bay Area, or anywhere else for that matter, the Greater Irvine Chamber has strategically targeted U.K. companies for expansion into Irvine’s strong life science and innovation ecosystem. From research conducted by the Chamber’s economic development team, the U.K. life science sector was identified to have the greatest potential globally for expansion to the U.S.—more specifically, to Irvine. The Chamber engaged its foreign direct investment initiative (FDI), sending a Chamber delegation twice to the U.K. to convene with executives who have expressed readiness to expand their companies into the U.S. As a follow-up to its FDI visits abroad, the Greater Irvine Chamber in late October hosted 15 executives from 10 U.K. life science companies and three associations for a three-day Irvine/Orange County Life Science Showcase. “After just two years cultivating the U.K. life science sector, Irvine has an enhanced profile and a solid reputation. The response to our Life Science Showcase is proof that we are now on the global radar and our chances of securing U.K.-owned company-growth here is increased measurably,” said Linda DiMario, vice president of the Greater Irvine Chamber. The Chamber executive team and industry-experts Chamber partners showcased Irvine’s life science and innovation...
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Analysis of more than 115M Internet speed tests reveals that Irvine, California, has the best broadband in the country, with an average download speed of 124Mbps and an upload speed of 52Mbps. Unsurprisingly, that was on Google Fiber, as were most of the top 10 cities, shown below. Speed test company Ookla said that it calculated the rankings by using a weighted average of upload and download speeds. When analyzing fastest ISPs, Ookla considers top providers (all ISPs with 3 percent or more of total test samples in the market for the period). The company then determines the fastest provider using Speed Score which incorporates a measure of each provider’s download and upload speed to rank network speed performance (90 percent of the final Speed Score is attributed to download speed and the remaining 10 percent to upload speed). The Speed Score uses a modified trimean to demonstrate the download and upload speeds that are available across a provider’s network. Ookla takes speeds from the tenth percentile, fiftieth percentile (also known as the median), and ninetieth percentile, and combines them in a weighted average using a 1:2:1 ratio, respectively. The company places the most emphasis on the download speeds and median speeds as those represent...
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Global shopper spending has fallen by $15 billion in two years, with the Chinese now accounting for 40 percent of purchasing in travel retail. The convenience factor and speed of the shopping experience means airport shops can’t compete with downtown outlets in categories attracting typically higher spends, according to Greater Irvine Chamber Leaders Circle member Horizon Consumer Science. Responding to a question on the rise of liberalized tax and duty free regimes specifically in places like Hainan, China, Horizon founder Dr. Ian L. Cesa told TRBusiness: “[Airports] have decent prices, but they are not considered the best prices – outlet malls win the price game, by far.” “But, they are typically located in inconvenient places and it is a bit of a gamble as to whether the long trip to an outlet mall is worth it.” Spending ‘Diminishing’ Cesa suggests airports will probably never compete with downtown stores in the likes of fashion and accessories aisles due to airports’ smaller footprints and time constraints. “It’s risky to wait until the airport because there is nowhere else to go if the airport doesn’t have what you want,” Cesa added. The comments come as Horizon releases its 2018 Global Traveler Report, which suggests the size of the global travel...
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