Tag: Business

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Finding Meaning In Your Work::For Best Results, Forget the Bonus

I agree with this, rewards based incentives although seems more fair, it undermines the fact that in a lot of things teamwork wins over individual excellence (Just don’t tell Michael Jordan). In relations to the workplace, bosses are severely inept, or if they are very capable they seldom have the whole picture, this deficiency makes most of their decision subjective to a fault, and as a few experiments have shown us people value themselves according to the people around them, in this setting the boss always loses.  The takeaway is simple, why are there academics who could get jobs in industry but still go the academic route? why is there people in NGO‘s who you can envision leading their own companies, simply put , doing these things make them happy and in the end that is what money is for, to facilitate our happiness by helping us acquire the things (skill/tools/stuff) that would help increase our happiness. If you are the boss your job is to find ways to make the job equate to your worker’s happiness. Look at a well trained and bonded military unit and you’d see that people do seemingly crazy stuff for something beyond money, something beyoond themselves. This is much harder and maybe this is the reason this is not done more often. The default action is throw money at the problem, not find the best solution.!
Let’s file this under “What I’d Do When I Have My Own Company”
Read the whole thing it’s very interesting.

A closer look, though explains why incentive plans not only do not succeed, but cannot succeed:

  • Rewards punish.
  • Like punishments, rewards are manipulative.
  • Rewarding people is similar to punishment for another reason. When people do not get the rewards they were hoping for, they feel punished.
  • Rewards rupture relations.
  • Relationships between supervisors and workers, too, can collapse under the weight of incentives.
  • Rewards ignore reasons.
  • Rewards deter risk-taking.
  • Rewards undermine interest. Loving what you do is a more powerful motivator than money or any other goody.

via For Best Results, Forget the Bonus.

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Walkable Cities Meme::Does closing roads cut delays? | csmonitor.com

In the Philippines people practice something called counter flowing, this is the act where a driver moves his car and enters a lane that is going at the opposite direction. You see this behavior whenever only one side of a busy road is experiencing heavy traffic. Well this behavior is dependent on two weaknesses. ONe is that when they are trying to get back at the proper lane drivers are either scared or kond enough to let them back into the proper lane. This creates a feedback loop where you one up other people by not following the rules and it is expected. This is bad because this causes the other lane to be more congested and in turn creates a very bad traffic jam. I suggest that traffic enforcers be made to book these traffic offenders to lessen this driving barbarism and that we do not let these types of drivers dominate the streets. If you read the article it has a nice dissection of the problem. The individuals are optimizing for themselves and thereby decreasing the total societal value. What is needed is for traffic enforcers to be the ones, through doing there jobs, force these players into a nash equilibrium where everyone wins!

But maybe these two traffic models have more in common than it first seems. Both encourage individuals to drive more slowly so that everyone gets to his destinations faster. Both favor a holistic approach to traffic, one that designs from the perspective of the overall flow rather than that of an individual driver. And both open up more space for pedestrians.
It’s not too difficult to imagine a city designed with these principles in mind. Fewer roads with slower but smoother traffic. Spaces that can easily be converted to car-free zones to suit the needs of the network. And fewer opportunities for people to drive like jerks. Sounds like a nice place to take a walk, actually.
via Does closing roads cut delays? | csmonitor.com.

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Paradox Of Choice Experiment::Is less always more? : Cognitive Daily

Such a simple but illuminating experiment, click through to find their results!

But is less always more? Most of the studies on number of choices have either given participants a very small or a very large number of options. Does this mean just one choice is the best? Or is there some larger number of choices that is optimal?
To find out, Avni Shah and George Wolford set up a table in a busy corridor at Dartmouth University and asked passersby to help their department select the best pen to order for its supply closet. They varied the number of pens sampled from 2 to 20. Each pen was similarly priced at around $2, and while each pen was different, all were “roller-ball” style pens with black ink.
via Is less always more? : Cognitive Daily.

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rePost:Great News:GMANews.TV – Roxas proposes mandatory health coverage for all Filipinos – Nation – Official Website of GMA News and Public Affairs – Latest Philippine News – BETA

Kevin Ray N. Chua with Senator Mar Roxas, Dava...
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This is the reason why politicians especially elected officials need to have websites so people can interact with them , they can get input and explain their sides etc etc. hope I can find a copy of this online. Over all without seeing the plan , mandatory health coverage for all is a win, the question is were do we get the money (magbawas muna ng mga mistress and mga politicians) , and is their a more efficient way to administer it than that envisioned in the bill/plan.

Roxas proposes mandatory health coverage for all Filipinos
04/14/2009 | 01:55 PM
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MANILA, Philippines – A bill seeking mandatory health coverage for all Filipinos on state expense has been filed in the Senate.
Senator Manuel Roxas II proposes in Senate Bill 3154 that the government must pay for mandatory entitlement of every Filipino to healthcare benefits under the state’s health insurance program.
He said the immediate and automatic inclusion to Philippine Health Insurance coverage and membership is mandated by Republic Act 7875 (National Health Insurance Act of 1995).
The mandatory universal healthcare coverage shall be funded by the national government through premium payments to the Philippine Health Insurance Corporation (PHIC), which shall be included in the annual General Appropriations Act, he added.
“The health of every Filipino is important. It is the responsibility of the government to ensure that our citizens are healthy,” Roxas said.
He said that 48.4 percent of the total P181 billion expenditures for health in 2005 came from individual families’ pockets, and that only 28.7 percent came from government resources.
He said the social health insurance, on the other hand, account for only 11 percent and health expenditure from other sources, such as private health insurance or community-based financing represent only 11.9 percent.
He said that since 26.9 percent of Filipino families are below the poverty threshold, “it is unimaginable how Filipinos who are everyday grappling with the hardships of economic realities, will be able to afford a decent healthcare service for themselves and their families.”
Roxas is also the author of the Cheaper Medicines Act. – Amita O. Legaspi, GMANews.TV
via GMANews.TV – Roxas proposes mandatory health coverage for all Filipinos – Nation – Official Website of GMA News and Public Affairs – Latest Philippine News – BETA.

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rePost:Fashionably Skeptical:Seth's Blog: Poisoning the well

The Office (US TV series)
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I couldn’t agree more.  People are just so fucking annoyed with two bit, multi faced interactions that it is personally dragging to interact with people. I remember this scene from “The Office” probably season4. Where Kelly kapoor and Darryl from the warehouse fights and kelly says. “I don’t understand him who says exactly what he means!” can’t help but feel this when talking to people I interact with hesistantly. What I mean is I tend to hang with simple people , people like darryl.  Call shit on me when I am shitting them, tear me a new one when I am getting too arrogant and all in all telling me when; Incidentally If i had only listened to them a couple of weeks ago, I probably would not be depressed and extremely fragile right now. I am like a tinderbox ready to explode any second.  Well to sum up, try to minimize the fog, speak simply and clearly, tell it to me straight and we will get along fine! In some ways I don’t like erecting walls that separate , but this is very important to me. Enough of the lies, enough of the deception tell it straight!

Which means that even if you have a really good reason, no, you can’t call me on the phone. Which means that even if it’s really important, no, I’m not going to read the instructions. Which means that god forbid you try to email me something I didn’t ask for… you’re trashed. It’s so fashionable to be skeptical now that no one believes you if you attempt to do something for the right reasons.
Selfish short-sighted marketers ruined it for all of us. The only way out, I think, is for a few marketers to so overwhelm the market with long-term, generous marketing that we have no choice but to start paying attention again.
via Seth’s Blog: Poisoning the well.

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Challenge To Wallstreet::Grasping Reality with Both Hands: Needed for AIG and the TARP: Silicon Valley Compensation Schemes

Punitive taxes on compensation that takes the form of long-term restricted equity stakes is a dangerous and destructive move. If the compensation bill that emerges from the conference committee does not allow TARP-receiving companies to offer such SVCSs, then Obama should veto it.
And if the traders of Wall Street then quit en masse? If they say that they are going to “Go Galt” if they don’t get their traders’ options to take the money upfront after assuring us shareholders that they have made us a lot of money, that their positions and strategies are sound, and that they have prudently managed the risks? Well, then that tells us something about what they really think the true value of their work product has been.
via Grasping Reality with Both Hands: Needed for AIG and the TARP: Silicon Valley Compensation Schemes.

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What's Playing: The Wrestler by Bruce Springsteen

The Wrestler poster
Image by ANTWRANGLER via Flickr


lyrics copied from here,
The Wrestler by Bruce Springsteen
Have you ever seen a one trick pony in the field so happy and free?
If you’ve ever seen a one trick pony then you’ve seen me
Have you ever seen a one-legged dog making its way down the street?
If you’ve ever seen a one-legged dog then you’ve seen me
Then you’ve seen me, I come and stand at every door
Then you’ve seen me, I always leave with less than I had before
Then you’ve seen me, bet I can make you smile when the blood, it hits the floor
Tell me, friend, can you ask for anything more?
Tell me can you ask for anything more?
Have you ever seen a scarecrow filled with nothing but dust and wheat?
If you’ve ever seen that scarecrow then you’ve seen me
Have you ever seen a one-armed man punching at nothing but the breeze?
If you’ve ever seen a one-armed man then you’ve seen me
Then you’ve seen me, I come and stand at every door
Then you’ve seen me, I always leave with less than I had before
Then you’ve seen me, bet I can make you smile when the blood, it hits the floor
Tell me, friend, can you ask for anything more?
Tell me can you ask for anything more?
These things that have comforted me, I drive away
This place that is my home I cannot stay
My only faith’s in the broken bones and bruises I display
Have you ever seen a one-legged man trying to dance his way free?
If you’ve ever seen a one-legged man then you’ve seen me

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rePost:Is It?:Is the Waiting Room Necessary? – Freakonomics Blog – NYTimes.com

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The problem is not waiting but actually not knowing how long the waiting would be. I think the doctor could actually try to implement gathering of patient statistics. I imagine that when you get appointments you already have a reason to go. The doctor could aggregate patient data on how long it takes per procedure and the variance with respect to each patient. This would help the doctor in estimating more accurately how feasible is the appointments for the day.
I agree with ML(17) and Saumya. I would like to add that if the waiting room was designed to have activities that were well suited to how long the average waiting time is. They need to make waiting rooms more activity centered rather than waiting/magazine reading centered!.

Is the Waiting Room Necessary?

By Daniel Hamermesh

I spent 40 minutes waiting to begin diagnostic tests preparatory to seeing my ophthalmologist. What a waste of my valuable time! And my calculations from data from the American Time Use Survey suggest that this is a standard problem: the average adult American spends four hours per year waiting for medical or dental care, with each wait averaging around 45 minutes.
Pricing this time out at even half the average wage rate, the cost amounts to about $5 billion per year. Seems like a lot, and very inefficient, but what is the alternative?
The only way that every medical provider could ensure no waiting would be for the provider to have downtime herself, in order to have unutilized resources, both of her time and the services of the capital stock used in the practice. I’m not sure what’s the right mix of provider and customer waiting; but as annoying as my waiting is, the current system may be economically efficient.
via Is the Waiting Room Necessary? – Freakonomics Blog – NYTimes.com.

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Learned Today:What I Want For A Business:Seth's Blog: Where have all the agents gone?

A long conversation about two weeks ago with Chuck and Vince was about finding something to do to earn money in our free time.  Suffice to say one of my lamer ideas that night was to sell something in sites like multiply and ebay. Just realize that that is not what I want for a business, in fact I realize that even if we did something like that I would not really be satisfied with it.
See, I think I try to find my own way on most things. The paths I take may have been walked by other people but I try to be aware whenever I walk a certain path, its not about originality but about walking the path that is for you.
What irked me about my idea is that I was unwittingly selling out. I wanted to create, I wanted to walk a path for me and I’ve had this long irritation with middle men.
Why? It seems that most middle men/women I encounter can be said to bring little to no value the connection.  Let’s take the lot of  computer sellers in a mall floor. To protect myself from litigation lets call this mall SharonMall and the mall floor/part as CyberFloor. Using my totally unscientific and totally biased observations and my talent for overhearing a lot of things.
I observed that:

  • The sellers were basically just a little knowledgeable with their products than the people they are selling to.
  • The sellers who were really knowledgeable were somewhat aloof, they gave of this vibe that you were stupid trust them.
  • The best sellers were basically honest and didn’t talk down to their possible customers. (If you’ve watched 40 year old virgin, I believe).
  • A lot of people valued time and in a way this is logical, but it also meant that a lot of sellers survive on being available for the sale when the more efficient sellers are swamped.

Basically people who are not the best sellers tend to be snakes oil salespeople. I don’t want to be a snake’s oil sales men. I would like something that brings value to this world in a real sense not a rearranging the chairs. I want to create more chairs! I almost forgot that. I am glad even if I forgot about it , my friends have a higher standard than what I have. Cheers!

Middlemen add value when they bring taste or judgment or trust to bear on a transaction that isn’t transparent. Literary agents are crucial when publishers believe that their choice of content is essential but have too many choices and too little time. But publishers don’t trust every literary agent. They trust agents they believe in. Key point: anonymous agents are interchangeable and virtually worthless. Agents that don’t do anything but help one side find the other side in a human approximation of Google aren’t so helpful any more.
Think about how anonymous the typical real estate broker is. He will sell almost any house or represent almost any buyer. When selling a house, he has a fiduciary responsibility to represent that house to the best of his ability. Just like every other broker. The great real estate brokers do far more than this.
via Seth’s Blog: Where have all the agents gone?.

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