Theme: Productivity

  • ON THE ONE PERCENT There is an ideological war going on over whether the 1% argu

    http://gregmankiw.blogspot.com/2013/06/more-on-one-percent.htmlMORE ON THE ONE PERCENT

    There is an ideological war going on over whether the 1% argument will actually hold up to scrutiny.

    This really depends on whether you mean the .01% that STAY in the 1%, or the number of people who ROTATE through the 1%.

    Krugman and Delong are making arguments that Mankiw is wrong, and that the 1% are rent seekers.

    I don’t see much evidence of that, but I look at the problem as one of rotation through the group, and I think the other side politically is addicted to the idea that the 1% is part of the financial sector.

    Even then, I”m not sure how many people stay in that position or how many rotate through it.

    I”m not in favor of feeding the financial sector (which anyone who follows me knows) but on the other hand, I don’t know if I buy the 1% argument. I’ve been in the 1% a few times, and I”ve spent a lot of time in the 2-3%.

    But Allora and I also lived on pasta and butter when we had to. 🙂

    Anyway, I”m reserving judgement until I see more data that I can have confidence in.


    Source date (UTC): 2013-06-27 07:36:00 UTC

  • I’VE ALWAYS BEEN TEASED FOR MY MANAGERIAL ‘OPTIMISM’ (Even though, operationally

    http://www.linkedin.com/today/post/article/20130620130134-128811924-note-to-managers-positivity-mattersFUNNY : I’VE ALWAYS BEEN TEASED FOR MY MANAGERIAL ‘OPTIMISM’

    (Even though, operationally, and financially, I’m pretty pessimistic really.)

    But there are good reasons for broadcasting optimism – in the sense that there are other options at any given piont, not just hollow encouragement. One of my favorite lines is “what is the worst that can happen if we do this?” Which is usually followed by “And what are our choices from there?” I also try to explain to engineers that science doesn’t progress by being right. It progresses by taking risks (and in business, this means competitive risks) Asking this one question repeatedly tends to train people to ask it of themselves, and plan accordingly.

    You can never let your people feel self doubt. Give them room. Let them know that if you’re asking them to do risky things, that failure is a possibility, but that there are always additional options. Give them the credit when they win, and be prepared with options so that you can catch them when they fail.

    THE SCARCITY OF POSITIVE THINKING

    Now on the analytical side, I know a) that thinking is a resource that is scarce. b) that decisions are not clear, or made in isolation, and are easily influenced by external stimuli. So the problem is giving people the right things to think about and eliminating things that they shouldn’t think about.

    Self doubt, fear, “is the mind killer’. Primarily because it’s easier to think about bad stuff, than it is to do the hard work of ignoring bad stuff and simply working on collecting ideas. We are as mentally effort-avoiding as we are physical labor-avoiding. So preserve your people’s prescious mental resources by keeping them focused on problem solving rather than fear of failure. (I view fear of failure as a weakness in management, that want to go hide in an office pretending to add value, or working political games rather than assisting the people.)

    BEHAVIOR IN THE FACE OF SCARCITY

    Over the weekend I read a lot of ancient and medieval law. And, not so much in the ancient world, but certainly in the medieval world, you get the feeling of this incredible WEIGHT of pervasive and oppressive scarcity affecting everything that people think, say and do.

    Our world is so absent of scarcity that we generally are trying to motivate people by the reward of fulfillment, more so than money.

    THE PROBLEM OF OPTIMISM

    The mistake I tend to make, is that I give my staff the confidence in their own thoughts, so much so, that they start to actually believe me, and they discount my ability to influence them, and so I must let them fail to get my influence over them back. I wish I could somehow figure out how to get out of this trap. But I can’t. I love that people develop into independent actors who are confident in their decisions.

    PARENTING RATHER THAN DISCIPLINING

    But I think this is just good parenting. Which is, a far better way to run a business than is military cum bureaucratic processes, that we inherited from our european, and particularly british ancestors.

    The best executive advice I have is the sort of wisdom that I got from the good-to-great data: build people from within, build a family regulated by cultural values, do what you can succeed at doing, plus my own advice: that scale and credit are an extraordinary competitive advantage, but one that calcifies your organization in mediocrity. Drive to excellence not efficiency. Profit will come from competitive survival, not from efficient production. Efficient production too often takes your focus off the customer. And the customer is the hardest asset to obtain.


    Source date (UTC): 2013-06-26 09:22:00 UTC

  • WE ALL BENEFIT FROM CHINA’S PIRACY

    http://m.foreignaffairs.com/articles/139452/kal-raustiala-and-christopher-sprigman/fake-it-till-you-make-it?page=showHOW WE ALL BENEFIT FROM CHINA’S PIRACY


    Source date (UTC): 2013-06-25 09:12:00 UTC

  • IMMIGRATION HURTS THE ECONOMY

    http://www.rasmusen.org/papers/immigration-rasmusen.pdfHOW IMMIGRATION HURTS THE ECONOMY


    Source date (UTC): 2013-06-25 09:11:00 UTC

  • PROGRESSIVE VISION WILL NEVER COME TO FRUITION Because it cant. Industrializatio

    http://marginalrevolution.com/marginalrevolution/2013/06/emerging-markets-hitting-a-wall.htmlTHE PROGRESSIVE VISION WILL NEVER COME TO FRUITION

    Because it cant.

    Industrialization is over.

    The world will be divided like spain and catalonia. The northeast and the heartland. West and east ukraine. Protestant and catholic europe.

    Logic would suggest nation states return to city states but the military value of debt, and strategic value of resources will prevent it.

    These increases in economic diversity will continue to expand.

    —–

    “Richard Baldwin, professor of international economics at the Graduate Institute in Geneva, refers to the internationalization of the supply chain as “globalization’s second unbundling.”

    “He sees the new world as one of “development enclaves,” in which parts of countries will stand out as advanced or wealthy, without fundamentally transforming the entire economy.”

    See more at: http://marginalrevolution.com/marginalrevolution/2013/06/emerging-markets-hitting-a-wall.html?


    Source date (UTC): 2013-06-23 07:46:00 UTC

  • PRICELESS MOMENTS When you demo your new product, and instead of comparing the n

    PRICELESS MOMENTS

    When you demo your new product, and instead of comparing the nuances of niche features with those of the competition, from the very outset it’s patently obvious to you, and to your audience, that well … by comparison, your competition just looks …. archaic, simple, naive…. and in a word, just plain “bad”.

    By the way, I have a straw. Where is your milkshake? 🙂


    Source date (UTC): 2013-06-21 10:35:00 UTC

  • PRODUCTIVITY I haven’t written much on libertarianism lately. The business is in

    PRODUCTIVITY

    I haven’t written much on libertarianism lately. The business is in crunch mode. Its consuming.

    But I hope to put out a few screen shots of the software that don’t give away too much in the next few weeks. 😉

    I have written a bit. But mostly trying to test minor application of the ideas. Sketches.

    Unfortunately the scoundrels that I work with are a bad influence on my productivity.

    Like when i say i dont want anything to drink. And they buy an entire bottle of scotch from the bar. And then hand me a microphone. And start laughing because they know peer pressure will win out. 🙂

    (Btw: these four women at the next table are really drunk and they cant sing in the first place. 🙂

    Sigh …

    Its hopeless. 😉


    Source date (UTC): 2013-06-13 19:12:00 UTC

  • How Does The Role Of A Startup Cto Change Over Time?

    Depends upon the technical dependency of the business. You start with designing the product or offering, and building a team. You end up selling to customers, administering talent, constraining budgets,  allocating in investments, and briefing (educating) the management team.   If you educate the rest of the management team well enough then your job should simplify dramatically over time. If  you fail to do that, your job becomes worse over time, and your political power declines.

    https://www.quora.com/How-does-the-role-of-a-startup-CTO-change-over-time

  • How Dedicated Should An Entrepreneur Be To Their Start-up, How Much Is Too Much?

    Sacrifice time, sleep, security, health, wealth, relationships – everything.
    The only limit is your ability to do something or not. These sacrifices must be balanced against the rewards.  So, there is only whether a) you CAN endure sacrifices and b) whether the sacrifices you make are worth the return to YOU.

    https://www.quora.com/How-dedicated-should-an-entrepreneur-be-to-their-start-up-how-much-is-too-much

  • NOT SURE YOU CAN TEACH IT – IT’S GENETIC But this is what makes successful entre

    http://onforb.es/YSVQppI’M NOT SURE YOU CAN TEACH IT – IT’S GENETIC

    But this is what makes successful entrepreneurs tick. Relentlessness.


    Source date (UTC): 2013-06-08 06:45:00 UTC