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jerryking : silver_linings   9

(1) Find ways to make better use of idle resources to fight virus | Financial Times
Tim Harford A DAY AGO
The economic problem that the coronavirus pandemic has caused, even in its early stages. For everyone who is overworked, someone else has little to do but wait. The supermarkets have struggled to meet a rush of demand for some goods, but that should pass. “We are not going to run out of food, so chill,” Yossi Sheffi tells me. He’s an MIT professor and an authority on supply chains. While the pressure on the supermarkets may ease, the strain on the healthcare system will not. It is already intense and will get much worse. Yet while clinicians are overstretched, others wonder when the next job is coming from......From the falafel seller to the celebrity chef, the hotel porter to the millionaire motivational speaker, many tens of millions of people around the world are fit and eager to work, yet unable to. This is a test of flexibility and imagination. Gourmet restaurants are shifting to takeaway service; conference speakers are building portable studios.....we're finding ways to turn idle resources into weapons in the fight against the virus. It is hard not to cheer when reading tales of distillers turning their stills to the task of producing hand sanitiser, or hoteliers offering their empty rooms to doctors and nurses.
COVID-19  crisis  flexibility  healthcare  idle_resources  imagination  overstretching  pandemics  positive_thinking  radical_ideas  redeployments  resource_allocation  silver_linings  slack_resources  supply_chains  Tim__Harford  viruses  Yossi_Sheffi  
17 days ago by jerryking
Yes, It's a Tech Bubble. Here's What You Need to Know
SEPTEMBER 2015 ISSUE | | Inc.com | BY JEFF BERCOVICI.

"Investors change priorities. Soon, they may be telling you, 'We want to see profitability at the expense of growth.' So you need to think about the levers you can pull to make that happen." (JCK- How does redirect from a growth mindset and plans to one of profitability?--Scott Kupor)

First, there will be some upside. Sky-high home and office rents in certain cities and neighborhoods will drop, and if you're not in the market yet, you'll have a great buying opportunity. If you're hiring, the drum-tight talent market for anyone with programming skills should loosen up considerably, although big companies may reap the benefits more than small ones, says Oliver Ryan, founder of the tech recruiting firm Lab 8 Ventures. "The 'war' for engineering talent is primarily a supply-and-demand issue, so a widespread pullback of venture capital would likely diminish demand to a point," he says.......a burst bubble could also create new types of adversity. ....suppliers and distribution partners may disappear, your business notwithstanding......money is time, and the best way to ride out a downturn is with a couple of years' worth of cash stashed in your mattress. Just be sure you're prepared to deliver a couple of extra years' worth of growth, because you'll need to if you follow the raise-more-than-you-need plan. "It's not without risk," .... "You'll have to make the numbers to justify your valuation at some point, so you're raising the hurdle on yourself."......To make it over the chasm, you have to show investors traction and momentum--a PowerPoint slide with a line pointing up and to the right. A startup can often manufacture these things by spending enough on advertising and customer acquisition. But the attributes so richly rewarded in the current environment aren't necessarily the same ones that will be selected for once the bubble bursts......In October 2008, Doug Leone of Sequoia Capital gave a famous presentation titled "R.I.P. Good Times," in which he counseled entrepreneurs to squirrel away their nuts for winter and "spend every dollar as if it was your last." In hindsight Leone's forecast, and his warning was seen as alarmist......be more careful about the terms on which you raise money as that "extreme end of a cycle" approaches. Typically, you'll seek the highest possible valuation: (a) It minimizes dilution and generates publicity that attracts talent and clients and even more capital. But as valuations settle--and the inevitable rise of interest rates all but guarantees they will--founders who overreached will struggle to support, or defend, those valuations. In the worst instances, if you finagled an extra 10 or 20 % of paper value by granting investors aggressive downside protections--the "features" and "ratchets" that VCs use to make reckless bets without incurring real risk--you'll find yourself downgraded from owner to employee. "
boom-to-bust  bubbles  downside  economic_cycles  economic_downturn  founders  growth  investors  mindsets  overreach  profitability  priorities  pullbacks  recessions  Sequoia  start_ups  Silicon_Valley  silver_linings  upside  vc  venture_capital  war_for_talent 
october 2016 by jerryking
Technology and markets are driving employment in the right direction - The Globe and Mail
RICK LASH
Special to The Globe and Mail
Published Monday, Oct. 17, 2016

The best way to achieve higher profits is ensuring maximum flexibility in the workforce so the organization can adapt to rapidly changing market needs. Having a more flexible employee pool that you can hire and furlough depending on business demands is one way to manage risk.

If technology and new finance-driven business models are fundamentally altering the future of jobs and work, what’s a new graduate (or an older worker) to do? All is not hopeless, and in fact there is indeed a silver lining, if one knows where to look.

Companies like Uber are figuring it out, at least for now. The same technology that is replacing workers with intelligent robots (on the shop floor or as an app on your smartphone) is also being used to create new models of generating wealth. Whether you are a bank driving growth through new on-line channels, a streaming music company designing creative new ways for consumers to subscribe, or an entrepreneur raising capital online for a new invention, key skills stand out as differentiators for success.
automation  technology  artificial_Intelligence  risk-management  data_driven  silver_linings  skills  new_graduates  job_search  business_models  rapid_change  workforce  flexibility  Uber  on-demand  streaming 
october 2016 by jerryking
Grace under firing
August 13, 2011 | globeadvisor.com | by AARON SCHAT. As
Tiger Woods' former caddy discovered, losing your job can be a real test
of character. How not to make a bad situation worse:

How you handle difficult life circumstances - such as being fired -
reveals your character. This does not mean that you should blithely
accept being mistreated. Indeed, anger is an appropriate reaction to
experiencing or witnessing mistreatment. Nor does this mean that you
should avoid criticizing people or processes that are unfair. But this
can be done with venom or grace, malice or dignity. You are responsible
for how you respond.
(1) Never bad mouth an ex-employer.
(2) Reflect and learn
(3) Find fresh motivation
(4) Make the best of the crisis.
bouncing_back  character_tests  character_traits  emotional_mastery  etiquette  firings  golf  grace  Managing_Your_Career  mistreatment  resilience  silver_linings  Tiger_Woods  values 
august 2011 by jerryking
Making the most of a lost opportunity
Apr. 15, 2011 | The Globe and Mail | EILEEN CHADNICK.

THE SCENARIO

I thought I was in line for a promotion to a leadership role....I invested my time and money in developing my skills and took on more responsibility.... told that the promotion is on hold due to unforeseen organizational changes and not my abilities.....Should I consider moving to another employer?

THE ADVICE
A few thoughts to get you back on track:

* Clarify your goal: Don't limit your goal to just one particular opportunity. If the goal is strictly to get "this promotion," it stops there. If there' a broader objective of obtaining a leadership role, then there are other avenues to explore.

* Reflect on the lost opportunity - What did you find attractive in the role that you would want to include in your next job? Optimal next steps?

* Write a goal statement: What you want in your next role? What stretch opportunities? In what kind of work culture do you thrive best? What areas of responsibility do you want to take on? Consider both leadership and other aspects of work - for example, leading a bigger team? Being involved in marketing or research? Obtaining international experience? Getting into a new sector or industry?

* Take stock

Identify the skills, strengths and notable accomplishments that are now part of your leadership capacity. Write it out and refer back to this list often - and update it as you continue to develop. You will need this to update your résumé and engage in career conversations, interviews, and so on.

* Update your résumé

Update your résumé to reflect enhanced capacities and experience. Updating your résumé will give you more confidence and self-awareness so that you can better promote yourself.

* Make your aspirations known

* Cast a wider net. Cast a wider net beyond your organization as you explore career opportunities. Create a plan to network and research opportunities that would be attractive to you.

* Acknowledge the lesson. When we don't get something we want very much, there can be a silver lining. The retrenching and re-evaluation the disappointment forces us to do can reveal other possibilities.

Ultimately it's up to you. Go to it!
bouncing_back  Managing_Your_Career  resilience  adversity  missed_opportunities  silver_linings 
april 2011 by jerryking
The Long, Long Road From Idea to Success - NYTimes.com
July 4, 2009 | New York Times | By VINDU GOEL. Scott Anthony,
is the author of “The Silver Lining: An Innovation Playbook for
Uncertain Times.”

Corporations, the gold mine for software like this, have been reluctant to buy it until GreenPrint worked out a host of technical issues.

“It’s more difficult than you’d think it would be,” said Mr. Hamilton, chief executive of the start-up, which is based in Portland, Ore. “We had zero insight into what challenges would be in place for an organization of 50,000 users.”

GreenPrint’s travails are all too common for small technology companies. “The gulf between invention and innovation is often a huge one that many entrepreneurs can’t cross,” said Scott D. Anthony, president of Innosight, a consulting firm.

In other words, it’s not easy to turn a bright idea into a genuine business....“You see again and again the companies that succeed are not the ones that have the brilliant strategy,” he said, “but the ones that course-correct along the way.”
innovation  start_ups  Innosight  Scott_Anthony  messiness  book_reviews  silver_linings  uncertainty  books  course_correction  playbooks 
july 2009 by jerryking
Tim Jackson: Entrepreneurship and the upside to a downturn
April 6, 2009 | Globe & Mail | by GORDON PITTS

Interviews Tim Jackson of Tech Capital Partners.
Gordon_Pitts  venture_capital  interviews  start_ups  risk-taking  entrepreneurship  silver_linings  upside 
april 2009 by jerryking
globeandmail.com: The upside of the economic downturn
March 19, 2009| The Globe & Mail | SHIVAN MICOO. Lynn Clay, executive director of the Liberty Village BIA,
Toronto  economic_development  BIAs  economic_downturn  neighbourhoods  Liberty_Village  upside  silver_linings 
march 2009 by jerryking

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