Reverse Budgeting: Money that Must be Spent
"Some people will put some amount into a checking account each month to limit their spending to say $2,000. I do something similar but for the opposite purpose to segregate money to spend. I move the decision from whether I am better off saving or spending that money to this is the money that has already been allocated for spending, so now go spend it on whatever is the best use for it."
Rhinoceros Hornbills on Mount Santubong
My single most amazing experience during several years in Malaysia was watching Rhinoceros Hornbills fly around on my hike on Mount Santubong on Borneo in Malaysia. I stayed in a treehouse cabin at treehouse cabin, Permai Rainforest Resort (in Damai about 45 minutes from Kuching). From there it was a 15 minute ride to the trailhead.
I didn’t remember that Bornean Hornbills (Rhinoceros Hornbills) were huge and it was quite surprising how large they were. The Rhinoceros Hornbill grows to 90–120 cm long and weighing 2–3 kg. In captivity it can live for up to 90 years. It is the state bird of Sarawak and the National bird of Malaysia.
I Don't Take "Better Management" for Granted
I find very few companies show evidence of practicing what Deming, Drucker, Ackoff etc. talked about many decades ago. Better management is still a distant hope for most organizations in my opinion.
Government Debt Held Within the Country Versus That Held Externally
If you owe debts to other countries you have to pay that money outside the system. So it takes a certain percentage of production (GDP) and pays the benefit of that production to people in other countries. This is what has been going on in the USA for a long time (paying benefits to those holding our debt). Ironically the economic mess created by central banks and too-big-to-fail banks has resulted in a super low interest rate environment which is lousy for lenders and great for debtors (of which the USA and Japanese government are likely the 2 largest in the world).
Sustaining Management Improvement Through Personnel Changes
Executives can't just have whims (usually driven by a desire to "make their mark") that throw out the principles used to manage the company if there is actually a strong management system.
Most organizations just float with whatever fads are going on, so in most they can flip flop as new executives come into place.
The Importance of Long Term Disability Insurance
Studies show that a 20 year old has a 30% chance of becoming disabled before reaching retirement age. In the USA, the Social Security Administration provides disability benefits for total disabilities. (but these payments are not very large and do not cover partial disabilities)
Managing the Organization as a System with Many Stakeholders
But even the companies that are doing some things very well (Google, Amazon, Apple...) have a very long way to go in learning about managing organizations. But those companies have some aspects of they are doing very well.
Curious Cat Travel Maps
I am now making Curious Cat Tourist Maps available online. I used Open Maps (and umap) which I am very pleased with (Here is a link to the Curious Cat Hong Kong Tourist map as another example). I can include those items that interest me (tourist destination, lodging, eating and transit) and include background info (like what subway stop for a particular designation etc.).
The 20 Most Valuable Companies in the World
Debate Should be Encouraged – Calling Judgement “Extremely Paternalistic” is Normally Unwise
I also think it is sensible to object to payday loans in the USA. You could make the same argument that such an attitude is paternalistic...
There is No Such Thing as “True Unemployment Rate”
As Dr. Deming said: “there is no true value” of any measured process. The results depend on the process which includes the operation definitions used.
Why are We So Slow to Change?
In management we often seek the new new thing. So while great ideas take a long time to become common practice we stop looking at them fairly quickly because we decide they are old outdated ideas. Not a very effective strategy :-(
If You Visit Kuching, Malaysia Eat at Tribal Stove
Yes it has great food, which thankfully there is a a great deal of in many place. What makes Tribal Stove someplace not to miss is it is the rare combination of great and generally inaccessible food.
I often find great restaurants in tourist destinations. And sometimes it is even local in a sense – but nearly always (not all, but almost) I can get very similar good dishes in any large city across the globe.
Tribal Stove had truly distinctive dishes that were also great.
Making Credit Cards More Secure and Useful
Business should not be allowed to store credit card numbers that can be stolen and used. The credit card providers should generate a unique credit card number for the business to store that will only work for the purchaser at that business.
Niamey Grand Market, Niger, Africa
We lived in Nigeria (my Dad was a Chemical Engineering professor) and took a trip during winter vacation through Nigeria, Niger, Burkina Faso, Togo and Benin. I am nearly certain the photo is in Niger and very likely Niamey but it is possible it is elsewhere.
My mom and brother are in the photo, which is likely taken by my father (or maybe by me). In this part of the trip we were quite far off the beaten path. The only foreigners we noticed were a National Geographic film crew at the market.