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The Bottom Line

Contacts and Contracts

The Bottom Line

BBC

Society & Culture, Personal Journals, Business

4.6606 Ratings

🗓️ 16 June 2011

⏱️ 28 minutes

🧾️ Download transcript

Summary

The view from the top of business. Presented by Evan Davis, The Bottom Line cuts through confusion, statistics and spin to present a clearer view of the business world, through discussion with people running leading and emerging companies.

Evan and his guests swap thoughts on contacts and contracts. Is it who you know that counts in business? Are informal networks the way business is allocated? Or do more formal arrangements now apply? Evan also asks his guests to reveal their greatest business regrets.

Evan is joined in the studio by Will Butler-Adams, managing director of folding bicycle manufacturer Brompton Bicycle; Charles Cohen, chief executive of mobile gambling company Probability plc; Ralph Oppenheimer, chairman of steel trading company Stemcor.

Producer: Ben Crighton.

Transcript

Click on a timestamp to play from that location

0:00.0

Thank you for downloading the Bottom Line podcast. In this week's program, Evan Davis

0:04.4

asked his guests about the importance of having the right contacts in business.

0:09.3

Hello and welcome to the bottom line. Now, we often notice our guests here, swapping cards

0:14.5

after the program agreeing to get in touch with each other to talk about this or that.

0:19.0

And it made us wonder about the importance of the right

0:21.5

contacts in business. Is it who you know that counts who you meet as the cliche goes? And why

0:27.7

shouldn't it be? And also on the programme today, we'll hear about our guests' greatest regrets.

0:33.8

But let's start by hearing a little about my guests. First up is Will Butler Adams, managing director of Brompton Bicycle, London-based designer

0:42.5

and manufacturer of, well, it's the famous folding bike.

0:46.8

And Will, it's a fairly old design.

0:48.3

It hasn't changed very much in quite a few years, but you're going to launch an electric bike.

0:53.0

Well, it has changed quite a lot, but not to the sort of untrained eye. It's always sort of doing a little bit of a metamorphosis. But yeah, we're funking it up with a bit of hidden oomph. Right. It's a little battery pack bike that just gives you a bit of power. It's quite cool. It's got a pedal sensor, so you don't go twisting it and whizzing along. You've got a torque sensor in the crank, so without realizing it, when you come to a hill and you start pushing a little bit harder, this magic little battery gives you a little bit of help, and you cruise past the people on their carbon bikes, all covered in Lycra, you know, chortling as you go. So it should be quite fun. Also with us is Charles Cohen,

1:29.2

chief executive of probability PLC, which is a mobile gaming company. You better explain what you do,

1:35.4

Charles. We make gambling games, bingo games, slots games, roulette for mobile phones so people can

1:42.0

play for real money whilst they're sitting on sofa watching the TV.

1:46.1

Your software writers or you're a company that actually takes the stakes, you're a casino?

1:51.4

We're both. So we develop all of the software and the technology in the UK.

1:56.6

And we actually operate our own gambling service. So we take the bets under a licence that we have in Gibraltar.

2:03.4

The unique thing is that it's on mobile phones

2:05.3

because there are a lot of web-based gambling services, aren't there?

2:07.9

I mean, loads and loads of places that you can go and play bingo on the internet.

2:12.6

But we're really the only people who are enabling you to do it on an iPhone.

...

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