Saturday, October 25, 2014

Experience not Theory Drives Business

You cannot run a business, or anything else, on a theory.
Harold S. Geneen

As Geneen points out theory per se is not able to drive a business. It may inform the business person in his/her thinking but it is experience that is the true business engine.

If you want to improve then try new things, make more mistakes and clamber up the experience curve.

Business is an applied science rather than a theoretical one.

DK

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Sunday, October 19, 2014

The Secret to Accurately Predicting your Future

Today's quote is related to future success. It is increasingly difficult to predict the future based on the past, but Peter Drucker has the answer:

“The best way to predict your future is to create it”
― Peter F. Drucker


Following others will not help you here. You have to forge your own future. This is what entrepreneurs do. They create their own reality. You won't find them looking for success in increasingly crowded market spaces, but instead they are creating new spaces where they have first mover advantage.

Be a leader not a follower.

I can recommend a fantastic book on this by Peter Thiel, the founder of PayPal, called From Zero to One.

Good luck with your business pursuits.

Regards

DK

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Friday, October 10, 2014

Controversy in Silicon Valley

Mark Z from Facebook is making waves again after blocking drag queens in SFO from using Facebook as they won't use their real names. The Chronicle of Higher Education has a very thoughtful article on this titled Silicon Valley’s Empathy Problem by Ian P Beacock. The quote below taken from the article is illuminating:

Empathy doesn’t seem to be a very popular tool among Silicon Valley’s leading digital dreamers. To its great credit, the tech industry promises to improve the world. Yet it’s hard not to notice its passion for issues that look like problems only to people who look like Silicon Valley itself: overwhelmingly white, male, young, educated, and affluent.

Inequality soars, and the world unravels, but from Silicon Valley we’re presented with apps and services designed to save us from those most heinous of tasks: parking, doing laundry, and (gasp) buying groceries. If solipsism is the conceptual motor of the industry, it should be no surprise that we read with some regularity about tone-deaf Google Glass wearers or start-up whiz kids, unable to imagine why their actions could possibly alarm others.

To be fair, coding workshops and computer-science classes don’t ask budding developers to imagine the lives of others and see the world for the complex, uncertain place it really is. That’s what the humanities are for.

When I teach students about the First World War or Berlin’s Golden Twenties, I’m challenging them to suspend their assumptions and step outside themselves to make sense of a foreign world. Novels make similar demands. Art historians help us see that the world can be expressed and perceived in a million different ways. In other words, the humanities encourage the use of empathy as a way of thinking and solving problems.

The liberal arts get short shrift in Silicon Valley—why fill out your college degree when you could be dropping out and diving into programming languages on a Thiel Fellowship? The humanities don’t necessarily trump coding literacy. But the insights of both will be essential if this age of mobile technology is going to live up to its promise and create a world we all want to live in.

Technology without a human face is dangerous and when Silicon Valley is so skewed by the demographics of its innovators there is a real need for some balance. For myself a background in the humanities, science and technology has been very enlightening and beneficial.

Have a great day and a profitable week and read a good book :)


DK

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