Blog posts on long term thinking

Posts selected fromManagement Blog - Engineering Blog - Investing Blog and other blogs

• Toyota’s Commitment

  The Toyota Way is a management philosophy involving 14 principles that is the essence of the DNA of our organization and really all those who make up the company. In its basic form, the Toyota Way boils down to two fundamental practices: Respect for People and Continuous Improvement.

  continue reading: Toyota’s Commitment
• Society fails to invest in long-term solutions to long-term problems

  I respect John Green and his brother, Hank. Their Vlogbrothers YouTube Chanel is a regular, enjoyable and educational part of my online activity. I recommend watching a few of videos and seeing if they should also be part of your online activity. Here is a screenshot from when John liked one of my tweets :-)

  continue reading: Society fails to invest in long-term solutions to long-term problems
• Saving for Retirement

  Saving for retirement is not complicated, it is just a matter of priorities.

  ...

  Savings for retirement is difficult mainly because of our trouble planning for the long term, it is not at all a complex problem. The fable of the ant and the grasshopper illustrates this point very simply and it is really that simple. ...

  continue reading: Saving for Retirement
• The Current Republican Party is a Huge Risk to the Future of the USA

  I am very concerned about the extremism that dominates the USA Republican Party. Far too many people are complacent...

  ...

  The Republic Party has been on a long term effort to destroy the rule of law in the USA. The continued tolerance of those that openly tried to overturn the results of the election they lost is a critical issue that anyone that cares about the rule of law should not tolerate.

  ...

  The long term efforts of the Republican Party to disenfranchise voters is another completely unacceptable behavior...

  continue reading: The Current Republican Party is a Huge Risk to the Future of the USA
• Most Valuable Companies in the USA Compared to the Total Market Capitalization

  In general investing in low cost index funds (like Vanguard’s index funds) is a very sensible strategy. I personally invest mostly in individual stocks. I see stocks such as Microsoft and Costco that are attractive businesses to invest in but the stocks are so costly I hesitate to invest. In addition, I already am over-invested in mega-cap companies (my largest holdings are Apple, Alphabet and Amazon, about 36% of portfolio). So avoiding other mega-caps makes some sense to me.

  ...

  10 year returns: Apple (up 1,068%), Alphabet (up 424%), Amazon (up 693%) and Microsoft (up 1,090%). FYI, the total USA market index fund (VTI) was up 187% for the same 10 year period and the S&P 500 index fund (VTI) was up 204%.

  continue reading: Most Valuable Companies in the USA Compared to the Total Market Capitalization
• Secrets of the World’s Best Companies

  ... great management ideas are found in the thoughts of leading management thinkers (now it is true most I think most “writings or speeches of gurus and consultants” don’t provide much use but the right thinkers do offer great value).

  As Dr. W. Edwards Deming said there is no instant pudding for management (no quick fix). And management requires customization to the organization. You cannot just copy management practices from one place, where they are successful, to another. You can learn from what has been successful and adopt it to your organization if you have knowledge and theory and know how to test (PDSA) the effectiveness of new ideas in your organization...

  continue reading: Secrets of the World’s Best Companies
• Learning, Systems and Improvement

  Errors of omission, lost opportunities, are generally more critical than errors of commission. Organizations fail or decline more frequently because of what they did not do than because of what they did.

  Russel Ackoff

  continue reading: Learning, Systems and Improvement
• Keeping Good Employees

  ...What can we do to keep you? What do you enjoy about your job? What do you dislike? What can I do to increase your joy in work? What one thing would you most like to see changed? What do you want to see continue? Would you like help in some aspect of your career development? What can I do better? Am I providing too much oversight, not enough?

  Give honest straight forward answers to questions. If someone wants to move ahead and needs to work harder to advance their career tell them that. If they need to be more cooperative, develop certain skills… tell them. The idea is not just to make the person happy in that meeting...

  continue reading: Keeping Good Employees
• Circle of Influence

  You should remember, that there is a temporal component to your circle of influence. On some current issue, I may have a very low chance of success for getting the organization to adopt an improvement I think is best. But certain actions can build the understanding that will allow me later to have more influence. This can even be completely separate from how people normally think of circle of influence. By building an organization that moves toward data based decision making and therefore reduces HiPPO (Highest Paid Person’s Opinion) decision making I increase my ability to influence decision making in the future.

  Long term thinking is a very powerful, and much under-practiced, strategy. Your influence within an organization is limited today but has great potential to expand, if you act wisely.

  continue reading: Circle of Influence