"While we talked about an organization's culture in the last section, its people are even more important because they can change the culture for better or for worse. A culture and its people are symbiotic - the culture attracts certain kinds of people and the people in turn either reinforce or evolve the culture based … Continue reading Mind Series 6/7 | Values, Abilities and Skills: What Comes First in Deciding the Right People for Your Firm? [A Management Case]
"What rationale did people use to justify these rather extraordinary numbers? "New technology will change everything," the logic went. "The Internet is going to completely revolutionize all businesses," the gurus chanted. "It's the great Internet landgrab: Be sure first, be there fast, build market share - no matter how expensive - and you win," yelled … Continue reading Essay | We’re a Crawl, Walk, Run Company – the Internet Bubble and Its Lesson Contemplated in Good to Great (Jim Collins, 2001)
Dear awesome readers and leaders! Yes, it's a small joy, but I can't help but sharing with you. My article: "Give me problems, not answers" was featured on Paper.li as of September 30th. As my aim is nothing more than contributing to readers and like-minded souls, the simple fact that my humble writing can reach more audience … Continue reading My article is featured! Thank you! (again)
Haven't you seen this concept comprised of three overlapping circles somewhere? What do you think this concept implies? What do you learn and where do you think you can apply this model? There is an interesting yet fundamentally critical concept elaborated in Good to Great by Jim Collins. Called 'The Hedgehog Concept,' it is one … Continue reading Weaving Webs | Are You a Hedgehog or a Fox?
"In the investment world, you can only make money if you think different from everyone else. Bridgewater has prevented groupthink by inviting dissenting opinions from every employee in the company. When employees share independent viewpoints instead of conforming to the majority, there's a much higher chance that Bridgewater will make investment decisions no one else … Continue reading Weaving Webs | Give Me Problems, Not Answers
Dear readers, I just want to share my small joy that I had lately and feeling of gratitude with you. In April, right after I published series of articles for the book review on Blockchain Revolution, a few readers featured and recommended my articles either on their online magazines or through twitter feeds. If you are … Continue reading Thank you for featuring my articles.
Summary ->> Contemplation ->> Closing 2. SWOT ANALYSIS: WHERE DO WE SEE OPPORTUNITIES? So far, we have looked into important dynamics of the technology in various facets. Due to its newness of the technology and confusion rising from unprecedented novelty, we had much more to discuss than expected. I believe by now, readers may have … Continue reading BLOCKCHAIN REVOLUTION [8/9] – SWOT Analysis (Book Review)
Summary ->> Contemplation ->> Closing ■ Frictions in the Real World Even if Bitcoin itself is difficult to hack, there does exist potential for security risks at various stages of the transaction process. 98 Bitcoins are held in wallets and traded through digital currency exchanges. There are various security risks inherent in each of these … Continue reading BLOCKCHAIN REVOLUTION [7/9] – Frictions (Book Review)
Summary ->> Contemplation ->> Closing ■ Miners Economics Becoming Miners (Nodes) Miners are a supportive and incentivized community that processes Bitcoin’s transactions and keep everything running smoothly 54 A node is a powerful computer that runs the Bitcoin software and helps to keep Bitcoin running by participating in the relay of information. Some nodes are … Continue reading BLOCKCHAIN REVOLUTION [6/9] – Miners and Incentive Economics (Book Review)
Summary ->> Contemplation ->> Closing (C) Technology Issues The technology space is getting matured but not yet ready for practical adoption due to its complexity and innate technological issues. "Bitcoin is created through an energy-intensive 'mining' process that uses high computing power to solve a complex mathematical equation, 'proving' that an 'anonymous miner' used the … Continue reading BLOCKCHAIN REVOLUTION [5/9] – Mining Economics (Book Review)
Summary ->> Contemplation ->> Closing 3. PROMISE VERSUS AS-IS We are observing exponential technological progress made on top of exponential technology development today. For this reason, what the authors observed and saw as a promise may be different as of today. Out of many revolutionary promises the authors elaborated, my key interest and enthusiasm first of … Continue reading BLOCKCHAIN REVOLUTION [9/9] – Promise, As-Is, and Closing (Book Review)
Summary ->> Contemplation ->> Closing CONTEMPLATION: SEEKING EVOLUTION OVER REVOLUTION The challenges the technology is facing internally and externally seem no small matters and, in certain aspect, it appears limitations far outweigh the potentials. In my opinion, there are a few fundamental issues that need to be addressed and cleared as "prerequisite conditions" before moving … Continue reading BLOCKCHAIN REVOLUTION [4/9] – Private Money and Leadership (Book Review)
Summary ->> Contemplation ->> Closing IMPLEMENTATION CHALLENGES The world looks very different under the blockchain revolution. In some aspects, they sound too good to be true. If this new future is a great leap-up from our current reality, - especially in terms of economic inclusion of billions of unbanked and excluded population from prosperity, of … Continue reading BLOCKCHAIN REVOLUTION [3/9] – Challenges (Book Review)
Summary ->> Contemplation ->> Closing THE TRUST PROTOCOL The main virtues the authors derive from the blockchain technology are represented by two words: Trust and Truth. 'Trust' by which two or multiple parties who don't know each other transact the value(money) directly without relying on the existing 'trusted' third party. The technology's open and transparent … Continue reading BLOCKCHAIN REVOLUTION [2/9] – Ten Areas (Book Review)
"Some scholars have argued that the invention of double-entry book-keeping enabled the rise of capitalism and the nation-state. This new digital ledger of economic transactions can be programmed to record virtually everything of value and importance to humankind: birth and death certificates, marriage licenses, deeds and titles of ownership, educational degrees, financial accounts, medical … Continue reading BLOCKCHAIN REVOLUTION [1/9] – Contents (Book Review)
1. https://www.project-syndicate.org/commentary/why-bitcoin-is-a-bubble-by-nouriel-roubini-2018-01 (Jan 26, 2018) 2. 3. https://bitcoin.org/bitcoin.pdf (Oct 2008) 4. https://hbr.org/2017/01/the-truth-about-blockchain (Jan 2017) 5. https://www.bloomberg.com/view/articles/2018-01-17/bitcoin-isn-t-the-future-of-money (Jan 2018) 6. http://www.nber.org/papers/w19747 (April 2014) 7. Wikipedia https://en.wikipedia.org/wiki/Gold_standard#Abandonment_of_the_gold_standard 8. 9. https://www.project-syndicate.org/commentary/why-bitcoin-is-a-bubble-by-nouriel-roubini-2018-01 (Jan 26, 2018) 10. Mervyn King, The End of Alchemy, p61 (2016) 11. https://www.project-syndicate.org/commentary/bitcoin-long-term-price-collapse-by-kenneth-rogoff-2017-10 (Oct 2017) 12. 13. 14. https://vanguardblog.com/2018/02/06/bitcoin-digital-gold-or-fools-gold/?cmpgn=Ext:SM:RIG:ISG:020718:XX:POST:XX:TW:INV:XX:XX:XX:sf181534297&sf181534297=1 (Feb 2018) 15. 16. 17. https://www.project-syndicate.org/commentary/bitcoin-cryptocurrencies-monetary-risk-by-andrew-sheng-and-xiao-geng-2017-08 … Continue reading BLOCKCHAIN REVOLUTION [Intro/9] – References
Much of the noise and confusion can stem from unclear terminology. Here I define terms in general context. Bitcoin: the bitcoin network protocol. name of a cryptocurrency. "Bitcoin is a peer-to-peer version of electronic cash that allows payments to be sent directly from one party to another without going through a financial institution. The network … Continue reading BLOCKCHAIN REVOLUTION [Intro/9] – Terminology
(photo by @harvard_business_review, on Instagram) "A CEO has different tasks in different cycles. Some CEOs are founders and builders. Others have the luxury of managing momentum through a stable economy or a period when business models aren’t being disrupted. My task was different: remaking a historic and iconic company during an extremely volatile time. ... … Continue reading Essay | Jeffrey R. Immelt – The Strategist In Action
A few separate conversations with people, who had concerns on our future, especially related with Artificial Intelligence and automation, motivated me to write this article. While some had philosophical questions such as 'Will AI dominate humanity? Then will we have a dismal future?,' others had rather practical concerns such as 'What should we do … Continue reading Weaving Webs | What Is The Future of Work in an Age of Automation, Artificial Intelligence and Robotics?
In my previous post, I have wrapped up my 2017 readings. Then what's my selection for 2018? This year's selection is humble, I would say. I found that I frequently add up any intriguing subjects during the year, so this time I decided to start small. And I still have amazing books unfinished that are waiting for … Continue reading Essay | My New Year Reading Goals
January is a month for closing and beginning for me. I am doing lots of purging and hatching jobs these days! For this reason, I feel obliged to wrap up my readings that I've completed last year. I intended to finish around twenty books when the year started but made around fifteen or so. 'Come … Continue reading Essay | The Best Business Books in 2017
"We are at the beginning of a revolution that is fundamentally changing the way we live, work, and relate to one another. In its scale, scope and complexity, what I consider to be the fourth industrial revolution is unlike anything humankind has experienced before. ... We are witnessing profound shifts across all industries, marked by … Continue reading THE FOURTH INDUSTRIAL REVOLUTION
"When a system has low complexity and we can define interactions linearly, reductionism is very useful. Many engineered systems fit this bill. A skilled artisan can take apart your wristwatch, study the components, and have a complete understanding of how the system works. Such systems also lend themselves to centralized decision making. Many companies in … Continue reading MORE THAN YOU KNOW – Finding Financial Wisdom In Unconventional Places
"How in the face of a burning, changing, and shifting world does one train an instinct for the essence of what is going on? At the turn of the last century, the German philosopher Friedrich Nietzsche suggested that humans needed a "Sixth Sense" to survive what then seemed like insane madness: the Industrial Revolution. He … Continue reading THE SEVENTH SENSE – Power, Fortune, And Survival In The Age of Networks
"A powerful new technology platform is developing out of the bowels of the Second Industrial Revolution, speeding the central contradiction of capitalist ideology to the end game. The coming together of the Communications Internet with a digitalized renewable Energy Internet and automated Transportation and Logistics Internet in a seamless twenty-first-century intelligent infrastructure-the Internet of … Continue reading THE ZERO MARGINAL COST SOCIETY – The Internet of Things, The Collaborative Commons and The Eclipse of Capitalism
"What's been forgotten is that strategy is not a destination or a solution. It's not a problem to be solved and settled. It's a journey. It needs continuous, not intermittent, leadership. It needs a strategist. Good strategies are never frozen-signed, sealed, and delivered. No matter how carefully conceived, or how well implemented, any strategy put … Continue reading THE STRATEGIST – Let’s Get To The Core. What Does a Strategy Mean To You, Leaders?
"When we think about the future, we hope for a future of progress. That progress can take one of two forms. Horizontal or extensive progress means copying things that work-going from 1 to n. ... Vertical or intensive progress means doing new things-going to 0 to 1. Vertical progress is harder to imagine because it … Continue reading ZERO TO ONE – How Will You Progress From Zero To One? A Note For Building an Extraordinary