Posts selected fromManagement Blog - Engineering Blog - Investing Blog and other blogs
- Peter Drucker Advocated a Ratio of 20 to 1 for CEO to Average Worker Pay
I agree with Drucker’s reasoning and the Drucker Institute’s continuing to take a stand against the bad practice of so many CEOs today. If someone wants a lot of money to lead your organization and they are qualified, fine. If they won’t run your organization for less than a king’s ransom find someone who is more interested in leading your organization than in treating it as their personal bank account.
- Using The Building of Robots to Engage Students in Learning
Fundi bots has a mission to use robotics training in African schools to create and inspire a new generation of problem solvers, innovators and change-makers. I believe strongly in this type of effort. We waste so much human potential by killing students design to learn. Instead we need to create systems that not only don’t kill that desire but allow it to flourish.
- We Need to Consider Changing Conditions When Looking at Historical Stock Returns
Just to over simplify the idea if lets say the market valued the average stock at a PE of 11 and everyone found stocks a wonderful investment. And so more and more people buy stocks and with everyone finding stocks wonderful they keep buying and after awhile the market is valuing the average stock at a PE of 14.
Within the market there is tons of variation those things of course are not nearly that simple, but the idea I think holds. Well if you look back at historical data the returns will include the adjustment of going from a PE of 11 to a PE of 14. Now maybe the new few decades would adjust from PE of 14 to PE of 17 but maybe not. At some point that fundamental re-adjustment will stop.
- A Good Management Culture Encourages the Debate of Ideas
I believe much of the reason for fear of critical thinking is insecurity and mistaking respect for people with not making anyone uncomfortable. When people are insecure or unconfident they often take criticisms of ideas, plans, results, etc. as personal attacks. Then misunderstanding of don't be "dis-respectful" to people comes into play.
- Jianshui Wet Market in Yunnan, China
Jianshui, Yunnan, China has several tourist destinations including an old town with a restored Qing Dynasty mansion and garden and the Jianshui Temple of Confucius. The Jianshui wet market is primarily for the locals with a few tourists, like me, that take in some local culture.
- Appeasing Rude Selfish People Just Makes them Behave Even More Selfishly
Allowing the rudest people to abuse society degrades the public square and tears at the benefits that can strengthen the social contract. Sadly it seems to be a pretty dominate trait in our society these last few decades and it seems likely to just keep getting worse. Hopefully I am wrong.
- Helping Others
I have long used TrickleUp, Kiva and Global Giving to help (and they each do a good job of engaging donors (tugging on their heartstrings and making them happy to give).
I try to give back to the places I visit. So I integrate this into my digital nomad life. As with many digital nomads I have an affinity for entrepreneurs and my charity often focuses on helping them (Global Giving does other things too – such as providing clean water, electricity, education and training…).
- Quality Comes to City Hall
Changing to a culture that has a Deming perspective on customer focus is not easy. When you succeed though the way people think is profoundly changed. The City of Madison police department even did customer surveys for those they arrested and used the results to improve the process in ways that make sense. Obviously there are restrictions on what you can do to please those being arrested but this is really always the case – you can’t give all your products and services away for free even if that would make customers happy.
- Wealthiest 1% Continue Dramatic Gains Compared to Everyone Else
The least trust-fund-baby favoring country cultures are Scandinavian countries. The USA has been moving to an increasingly trust-fund-baby favoring focus over the last few decades with the expected increase in kids incomes being more related to their parents income than any other factor. In the USA now nearly 50% of someone’s income can be “explained” by their parents income.
- Ranking Countries by Scientific Publication Citations: USA, UK, Germany…
|% of World
|% of World GDP
|Additional countries of interest (with 2013 country rank)
|19) South Korea
- Who Inspires Your Management Thinking and Action?
- How to Start Applying Deming’s Ideas on Management
There are many different ways to start applying W. Edwards Deming’s ideas on management. There isn’t a cookbook on what should be done first. This is helpful in that you can avoid trying things that would be very difficult given the current state of your management system. However, it is also very challenging in that you have to decide what to do yourself instead of just following a recipe.
- Interview With Travel Blogger John Hunter Of Curious Cat Travels
There are too many great places but I think the game parks in East Africa are amazing and something very different from anything else I have seen...
What is your favourite mode of transport? (plane/train/boat/car)
None. I wish I could teleport everywhere. The current mode of transport are all a hassle I have to deal with to get where I want to go.
- Exploitation or Economic Support as a Tourist?
People can still argue about the benefits and costs of chasing tourist money but when there are significant economic benefits that the people actually get (that are not taken by others) it is very hard for me to say it is wrong.
I do get a bit annoyed at people from rich countries that downplay the importance of money. It is easy to say other things are more important when you have lots of cash.
And that brings me back to a specific point about the quote "must be a very exhausting existence for them." While this may be true it doesn't mean that they would be better off without being bothered. It may well be without the botheration of tourists things would be even worse.
- Finding an International Business Bank as a Digital Nomad
Dealing with banking issues is one of the most difficult aspects of a small digital nomad business. Finding a bank for a small business isn’t easy. Add to that dealing with international banking and things get very challenging.
Finding a bank that will accept deposits via wire, provide a credit card for your business, has good online tools and you trust isn’t easy.