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Universal McCann Wave 4
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Universal McCann - Wave 3
Universal McCann - Wave 3
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Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Sunday, November 15, 2009
WorldWide Social Media Use Statistics
Universal McCann Wave 4
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Universal McCann - Wave 3
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Universal McCann - Wave 3
Saturday, October 10, 2009
US News Paper Web Sites: Viewership and Ranking
The table below shows some major and minor newspapers and the data about their viewer count and the ranking from compete.com
These numbers are not exact but provide an idea about the usage of the websites.
The things that is interesting is that all the major newspaper who hold commanding position in publishing also hold higher ranking for their web presence. However, their web presence is not as profitable as the old brick and mortar publishing.
Some new contenders like Huffington Post are rising through the ranks and have respectable viewership. They only have an online presence, therefore, different cost structure than the brick and mortar operations.
Will they be the new news organizations who will be part blogger, part news aggregator and part investigative journalism?
These numbers are not exact but provide an idea about the usage of the websites.
The things that is interesting is that all the major newspaper who hold commanding position in publishing also hold higher ranking for their web presence. However, their web presence is not as profitable as the old brick and mortar publishing.
Some new contenders like Huffington Post are rising through the ranks and have respectable viewership. They only have an online presence, therefore, different cost structure than the brick and mortar operations.
Will they be the new news organizations who will be part blogger, part news aggregator and part investigative journalism?
Tuesday, October 6, 2009
Managemnet 1.0 vs Management 2.0
Management 1.0 COMMAND AND CONTROL
Management 2.0 COORDINATE AND CULTIVATE
People often wonder why management of most of the organizations is so command and control oriented. They start with mission and vision statements those are basically disguised commands for the non-managerial staff who have no say in formulating those statements or have a tioken representation to appear as a democratic organization.
The Management 1.0 is primarily based upon two major tools "Command and Control". It originated while managers were confronted with problem of converting independent farmers into productive industrial labor. The work on the farm was not strictly regulated by the clock while everything on a industrial production was made run on a clock to synchronize all the production activities. The "Command and Control" model of organizing was borrowed from the older organizing principle of organizing armies to fight wars.
The scheme worked for Industrial production where machines did the work and human labor was doing semi intelligent work that could not be automated. The practice once established also became the standard fare of teaching management. Here are the table of content from two Introductory textbooks for Management.
Click on the images for a larger view
Source and
Source
Both text book have a complete section devoted to CONTROL and the rest is about how develop the COMMAND process. What it shows is that the practice of command and control is very deeply entrenched within the management practices starting from teaching the introduction to management. The approach has value in the past when production was shifting from manual intensive agricultural production to machine supported industrial production. However, with the growth of service based organizations in which the individual worker relies on his or her skills to provide a service this type of approach does not work as effectively as it used to work in the past.
Dr. Zuboff a former professor of management at Harvard wrote an entire book outlining the problems of using older management techniques to service organizations
SourceAlso from Psychological research it is established that self motivated workers are more productive then the workers who are coerced into working using fear.
We Perform Best When No One Tells Us What To Do
via scientificblogging.com"There is a disconnect between what science knows and what business does."
He goes on to say,"Traditional notions of management work great if you want compliance, but if you want engagement, self-direction works best."
So does this mean we should cut back on bonuses and perks for good performance? Well, maybe. In tasks that involve focused, clear objectives and goals, incentives do work. However, in tasks that involve creativity, innovation, and generating original ideas, offering incentives actually distracts from the mind's ability to freely think outside of the box and be open to creative insights.
Another perspective on how best to evolve the management practices is provided in the book "Future of Work" by Thoams Malone from MIT that suggests Management by using "Coordinate and Cultivate"
Source
Are we going to see more movement towards less "Command and Control" and more "Coordinate and Cultivate" or the things will move towards more "Command and Control" till the current organizational structure that started at the beginning of Industrial era falls apart and we start over again. Here is a small poll and let us see what readers think.
Wednesday, August 12, 2009
Thursday, July 16, 2009
Douglas Rushkoff on Stephen Colbert Show
Douglas Rushkoff discusses his book "Life Inc." on the show. He thinks that life should not be managed like a corporation even though corporation have been extremely successful in producing and delivering wide variety of goods and services to us.
| The Colbert Report | Mon - Thurs 11:30pm / 10:30c | |||
| Douglas Rushkoff | ||||
| ||||
Thursday, July 9, 2009
Innovation at Google
Tom Davenport discusses Google and its innovative business model that uses organized chaos as its strategy.
Monday, July 6, 2009
Friday, July 3, 2009
How to Time the Market
George Soros is the founder of Quantum Fund. He is currently the Chairman of Soros Fund Management. He is credited with the phrase "the man who broke the Bank of England." in a massive currency market play in which his hedge fund won big.
He also wrote a book "The Alchemy of Finance" where he discusses the idea of Reflexivity and the inherent instability of financial markets. In his view financial markets are based upon self reinforcing systems and that causes markets to move in unpredictable manner. He proposes strict regulations to stamp out the extreme volatility in financial markets.
In this video he talks to WSJ Deputy Managing Editor Alan Murray about market instability and the difficulty of the investors face in making sound investments.
He also wrote a book "The Alchemy of Finance" where he discusses the idea of Reflexivity and the inherent instability of financial markets. In his view financial markets are based upon self reinforcing systems and that causes markets to move in unpredictable manner. He proposes strict regulations to stamp out the extreme volatility in financial markets.
In this video he talks to WSJ Deputy Managing Editor Alan Murray about market instability and the difficulty of the investors face in making sound investments.
Saturday, June 27, 2009
Zombie Banks Parody
Bankers are usually a very conservative lot and very good at keeping money from its clients into safe deposits or in safe boring investments. Apparently they got jealous of success of the investment bankers notably hedge funds who were creating huge returns for themselves and their investors so they decided to take some risk in lending to increase there profitability. Also, helping people who were not qualified for loans and credits under normal lending practices. The scheme worked fine for a while till the bubble burst and now we have too many banks holding non-performing loans making them resemble zombie banks.
Once a pillar of the society now they are becoming a good source of material for humorists.
Once a pillar of the society now they are becoming a good source of material for humorists.
Monday, June 22, 2009
Future of Management
Gary Hamel is a leading management Guru . His bio
Google is an Information Technology company that is using many new practices for product development that are innovative. Gary Hamel interviews Google CEO Eric Schmidt at the Management Lab Summit. The interview is very informative and provides an insight into the management practices at Google that are slightly different from the "Command and Control" type of management practices at older organizations.
Another book that builds on the same theme is "Future of Work" by Dr. Thomas Malone in which he proposes the management approach of "Cultivate and Coordinate".
It would be interesting to observe if we will see any changes in the management practices in the future to improve the productivity of the organizations along the line suggested by these authors or Google and companies like it will remain few exceptions to the general management practices.
The Wall Street Journal recently ranked Gary Hamel as the world's most influential business thinker, and Fortune magazine has called him "the world's leading expert on business strategy." For the last three years, Hamel has also topped Executive Excellence magazine's annual ranking of the most sought after management speakers.Hamel's landmark books, Leading the Revolution and Competing for the Future, have appeared on every management bestseller list and have been translated into more than 20 languages. His latest book, The Future of Management, was published by the Harvard Business School Press in October 2007 and was selected by Amazon.com as the best business book of the year. Source
He has authored many books on Management including his latest book titled "Future of Management". The brief description of book is here In the book Hamel demonstrates that
It is innovation in management—rather than in operations, products or strategies—that is most likely to create long-term advantage.He provides examples of success stories of many companies who are using innovative management practices.
Google is an Information Technology company that is using many new practices for product development that are innovative. Gary Hamel interviews Google CEO Eric Schmidt at the Management Lab Summit. The interview is very informative and provides an insight into the management practices at Google that are slightly different from the "Command and Control" type of management practices at older organizations.
Another book that builds on the same theme is "Future of Work" by Dr. Thomas Malone in which he proposes the management approach of "Cultivate and Coordinate".
It would be interesting to observe if we will see any changes in the management practices in the future to improve the productivity of the organizations along the line suggested by these authors or Google and companies like it will remain few exceptions to the general management practices.
The printing press as an agent of change
The information and media are very closely related. We use media to store and communicate information. Throughout the ages we have invented different ways to do the job. One of the most revolutionary method was the invention of print media. It made publishing books easy and inexpensive. This wider availability of printed book also resulted into social and cultural changes. This books describes some of those changes.
Please use the top bar for navigating through the pages of the book.
The book has implications for our current situation where we are witnessing the emergence of new digital media. It would be very interesting to speculate on its effects on the social and cultural changes.
Please use the top bar for navigating through the pages of the book.
The book has implications for our current situation where we are witnessing the emergence of new digital media. It would be very interesting to speculate on its effects on the social and cultural changes.
Saturday, June 20, 2009
Michael Lewis: The End of Wall Street
Michael Lewis has written many books. Especially one on the wall street when he described his experience working on wall street.
Wednesday, June 17, 2009
HOME GROWN REVOLUTION - Radical Change Taking Root
Video presents a family in Pasadena California who are using their home to grow their own food. They are at the forefront of Urban farming.
Tuesday, June 16, 2009
Monday, June 15, 2009
Tom Brokaw's reporting About the Internet
Tom Brokaw's Early Reports About the Internet from Computer Show in Las Vegas. These were the early days of Internet but some how the early promises after fifteen years are still the same.
You can see Bill Gates going all gaga over the promise of Internet
This video is a nice trip down the memory lane how much was promised and how much still needs to be done
via Paul Kedrosky blog
You can see Bill Gates going all gaga over the promise of Internet
This video is a nice trip down the memory lane how much was promised and how much still needs to be done
via Paul Kedrosky blog
Wednesday, June 10, 2009
Jim Rogers on Economic Rescue Plan
Jim Rogers, the co-founder of the famous hedge fund "Quantum Fund" with George Soros talks to Faisal Islam about the world economy.
Jim Rogers now resides in Singapore. His website shows his travels through different countries. He also maintains a blog. His Wikipedia bio:
He recently wrote a book "A Gift to My Children: A Father's Lessons for Life and Investing" He also wants his kids to learn Chinese. So his entire family recently moved to Singapore.
The pictures shows Jim Rogers with his wife Paige Parker and two daughters, Hilton Augusta and baby Beeland Anderson. Here is an excerpt from the article titled We Want Our Kids to Learn Chinese
Jim Rogers now resides in Singapore. His website shows his travels through different countries. He also maintains a blog. His Wikipedia bio:
James Beeland Rogers, Jr. (born October 19, 1942) is an expatriate American investor and financial commentator based in Singapore. He was a co-founder, along with George Soros, of the Quantum Fund, and is a college professor, author, world traveler, economic commentator, and creator of the Rogers International Commodities Index (RICI). SourceHe is the father of two little girls shown in the video below:
He recently wrote a book "A Gift to My Children: A Father's Lessons for Life and Investing" He also wants his kids to learn Chinese. So his entire family recently moved to Singapore.
The pictures shows Jim Rogers with his wife Paige Parker and two daughters, Hilton Augusta and baby Beeland Anderson. Here is an excerpt from the article titled We Want Our Kids to Learn ChineseWhen in Singapore, do as Singaporeans do.
That's exactly what billionaire American investment guru Jim Rogers and his wife Paige Parker are doing.
Like many Singapore parents, they have become parent volunteers so that their five-year-old daughter can stand a better chance of getting into Nanyang Primary School.
Rogers, 65, gives talks to teachers on topics such as education and his views on world matters, while Parker, 39, helps its English department by conducting enrichment classes.
Their daughter, Hilton Augusta, nicknamed Happy, is attending Nanyang Kindergarten, which is not affiliated to the primary school.
They also have a three-month-old baby girl, Beeland Anderson.
The couple sold their New York mansion and moved to Singapore last December so that Happy can learn Chinese in a Mandarin-speaking environment.Source
Tuesday, June 9, 2009
Education Pays
Education leads to higher salaries and lower unemployment rates.
Click on the image for a bigger picture.
Source: Bureau of Labor Statistics, Current Population Survey.
Click on the image for a bigger picture.
Source: Bureau of Labor Statistics, Current Population Survey.
Wednesday, June 3, 2009
GM A New Beginning
GM has fallen through the hard times but it has the potential to reinvent itself. This video shows how that will be done.
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