Post highlightsby year:202420232022...2004
Post highlightsby tag:process improvementDeminglean manufacturinglean managementquality toolsmanagementcontinual improvementrespect for peoplemore tags
- How to Lead From Any Level In the Organization
Similar to helping other people grow their careers is the idea of helping other people to solve their problems. Again, this starts with a clear understanding of your sphere of influence. It determines what strategies you can pursue, and building your sphere of influence should be part of your decision making process.
What it comes down to is proving yourself in this way—and doing so consistently. “It isn’t some secret sauce. Prove yourself to be valuable and you will gain influence. Help people solve their problems. They will be inclined to listen to your ideas. And helping people to solve their problems doesn't mean you are giving them the answer. It may mean you asking empowering questions.
- Creating an Integrated Life Where Work Adds to Life
... I realize doing this to the extent he did is very difficult. But growing up with it I learned that the idea that you could design the whole life (including everything) to maximize life. And that it may well be that extra effort at work rather than detracting from the rest of life enhances it. For me the key is to focus on maximizing the whole and within that realizing sometimes there are tradeoff (essentially a zero sum game) but there may well be times when you can design the system of your life to find win win solutions.
- Benefits of a Mediterranean Diet May Include Reduced Risk of Cognitive Impairment As We Age
...
I have been taking this into account in my eating. I try to eat much more green leafy vegetable (though more is from my very low levels before). I try to reduce the amount of meat and increase the amount of fish and nuts. I try to eat enough fiber and I eat yogurt. I try to eat more fruits and vegetables in general. I try to reduce the amount of processed foods and sugar. My diet is far from great but it is much better than is was 20 years ago. I have probably been focused on doing better for over 10 years (post from 9 years ago: Healthy Diet, Healthy Living, Healthy Weight).
- Decorated House in Nigeria
Photo of this decorated house in Nigeria by Bill Hunter (see more photos by Bill Hunter).
Taken during our holiday trip; see more photos from our time in Africa.
- Huge Proposed Increases in USA Government Science and Engineering Support
The Biden administration has proposed greatly increasing USA government spending on science and engineering. They are proposing levels last seen in the 1960s when the USA was most committed to science and engineering spending (as most visibly seen in support for NASA).
- New Health Care Insurance Subsidies in the USA
Under the new law, nobody will have to pay more than 8.5% of their income on health insurance. The government will also pick up 100% of COBRA premiums through September. COBRA is health insurance for people who’ve lost their jobs.
The Kaiser Family Foundation calculator lets you get a quick idea of what your approximate subsidy benefit. A 55 year old earning $55,000 would be entitled to a subsidy of $4,700 about 50% of their health insurance costs (based on the USA average). For a 50 year old the subsidy would be $2,900 or 38%. For a 60 year old the subsidy would be $6,800 or 59%. For a couple of 35 year olds and 2 children the subsidy would be $12,100 per year or 72%.
- Learning from Customers
Create a management system focused on continual improvement that is engaged in seeking out customer feedback and continually improving the value provided to customers.
Most organizations do the opposite of this. They make put many barriers in the way of customers speaking to anyone that will listen. They put systems in place to discourage feedback from customers.
...
- Individual Stock Portfolio Investment Planning
Early last year when studying my portfolio I decided my two biggest positions (Apple and Google – those ready the blog won’t be surprised due to my 10 stocks for 10 years posts) continued to warrant the large portion of the portfolio they held. I also decided that I would systemically sell say 1% of Apple and 2% of Alphabet a year (the Apple dividend was also paying about 1% – actually it was more then but is much less now).
That was just a long term plan that helped me think about the long term portfolio management. But that, like all investment decision, was subject to revision. As both continued to soar I decided it made sense to sell more but maintain a similar plan, just maybe selling 2% and 4% a year...
- Creating Low-cost Construction Materials Using Recycled Plastic Waste
Nzambi Matee is a materials engineer and head of Gjenge Makers (in Kenya), which produces sustainable low-cost construction materials made of recycled plastic waste and sand. For her work, Nzambi Matee was recently named a Young Champions of the Earth by the United Nations Environment Programme.
- Interview of Bill Hunter: Improving Quality and Productivity in Organizations
Bill discusses the parallels to how a manager applying management improvement principles is very similar to an educator facilitating adult learning. Rather than an authoritarian approach where the boss tells subordinates what to do a manager helps employees achieve better results by supporting their efforts.
- Photos of China in 1982
My father, Bill Hunter, taught summer courses on statistics and industrial engineering in China when China was still mostly closed to foreigners. After the courses he took a week or two vacation to visit a China few foreigners had seen to that point. See photos of China in 1982.
- Finding Great Investments Keeps Getting Harder
In some ways investing recently has been pretty easy, anything you have bought (almost) goes up – and usually goes up a lot. But when looking for bargains to invest in, it just keeps getting more and more difficult in my opinion.
...
Overall I am going much more into cash as a safe haven than I have before. Normally I am extremely overweight stocks. Even today I am still overweight stocks compared to the conventional wisdom
...
While the markets are giving investors great returns finding good buys is becoming more and more difficult (at least for me). For example, my 10 Stocks for 10 Years (2018 version) has done very well. But several of those stocks are much less a bargain today that they were. Apple is up from $225 to $450. Danaher from $103 to $206. Amazon from $2,000 to $3,150. Tencent from $43 to $68...
- I Have Published an Update to Management Matters: Building Enterprise Capability
I have published some edits and additional content for my book – Management Matters: Building Enterprise Capability.
One of the things I really like about how I have published the book (with Leanpub) is that anyone that has previously purchased the book gets these, and all future, updates for free. So if you have purchased it, go get your free update. If you haven’t purchased it, please consider buying a copy...
- US Savings Bonds – Actually a Good Investment Option
I will admit I have only recently looked at US Savings Bonds as an investment option. Series I USA savings bonds are based on the inflation rate and given how strongly the Fed has been surpassing interest rates this offers an option to get a higher rate of interest. The rate is calculated as follows:
Composite rate = [fixed rate + (2 x semiannual inflation rate) + (fixed rate x semiannual inflation rate)]
2.22% = [0.0020 + (2 x 0.0101) + (0.0020 x 0.0101)]
This is calculated based on a fixed rate of .2% (showing how depressed interest rates are) and 1.01% inflation rate for a 6 month period (which also is low but compared to interest rates pretty high).
You may buy series I US savings bonds online via TreasuryDirect. In a calendar year, you can acquire up to $10,000 in electronic I bonds.
- Huge Growth in USA Corporate Debt from 2005 to 2020
There are many problems with the extremely low interest rates available in decade since the too-big-to-fail financial crisis. The interest rates seem to me to be artificially sustained by massive central bank actions for 12 years now.
Extraordinarily low rates encourage businesses to borrow money, after all how hard is it to invest in something that will return the business more than a few percent a year (that they can borrow at). Along with the continued efforts by the central banks to flood the economy with money any time there is even a slowdown in growth teaches companies to not worry about building a business that can survive bad times. Just borrow and if necessary borrow more if you are having trouble then just borrow more.
Curious Cat blogs
Sites I Manage
Articles
- Good Process Improvement Practices
- How to Get a New Management Strategy, Tool or Concept Adopted
- Building a Great Software Development Team
- Using Quality to Develop an Internet Resource
- Encouraging Curiosity in Kids
- Purpose of an Organization
- How to Effectively Use of the PDSA Improvement Cycle
- Financial Market Meltdown
- Economic Strength Through Technology Leadership
- The Toyota Way - Two Pillars
- Diplomacy and Science Research
- Dangers of Forgetting the Proxy Nature of Data
- Awesome Cat Cam