Tuesday, January 31, 2012

Right questions not answers

Solutions to problems, that's what most of us are searching for everyday and every moment of our lives, personal and professional.

We're always concerned about something or the other or stressed about the oncoming headwinds, but most of the time, we don't even understand what the problem is to begin with. We go on a quest to find the solution, and either never really understand the problem, or somehow get lost on the way and forget the original problem and finally come up with a solution which is irrelevant.

So next time when you get started on something, document what the objective was in the first place and keep on track. Project mangers might be able to keep you on schedule with their Gantt Charts, but won't be able to tell you if the problem is the right one.

Wrong problem => Wrong Solution => Bad Strategy => Concern about new things=> New problem...
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Sh*t Entrepreneurs Say


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Monday, January 30, 2012

Coffee prices: Growers vs. Reetailers

Coffee growers which include mostly developing countries, gained a higher increase in prices vs. retailers over the 90's. But the differentials are fairly evident. Given the prices(stated in US $'s per pound), we observe that retailers sell the coffee for 100x the prices paid to growers. 
 We'll have to wait for the ICO to publish data on the 2000's to see what the most recent stats are.
source: ICO
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Sunday, January 29, 2012

Feed your mind the good stuff

"A man is but the product of his thoughts what he thinks, he becomes" - Mahatma Gandhi
Our lives are filled with events. Good events bring good thoughts to us, and bad events bring bad thoughts. The amount of media we consume today over social platforms has just exploded and we have full control to switch out of content we do not wish to see or dislike. 
Feed your mind good things which keep your attitude positive and your ideas afloat. A day filled with regret / remorse of any kind will probably destroy your mood and kill productivity. We are a reflection of our thoughts and keeping them optimistic will not only make your life better, but will also make the lives of people around you better. 
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Saturday, January 28, 2012

Twitter Digest


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Statistical Likelihood and leadership

A student who has taken some elementary statistics or philosophy on reasoning and argumentation is probably aware of something called 'statistical significance'.
Fundamentally, the confidence with which you state that a result was not by random chance is directly proportional with the sample size. As the sample size increases, the confidence increases, but the higher the confidence, the larger increases in sample sizes you need to improve your results.

Confidence of result = (signal/noise)  x  square-root(sample size)

Leaders at the workplace are found in the same fashion.
Competent leaders = square-root(all potential leaders)
Great leaders = cube-root( all potential leaders)

Increase the size of potential leaders and you will realize the the results you see a  significantly better. It might involve more and more search pain as you go along the way, but I assure you that it will be worth the investment. 
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The Last Lecture


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Friday, January 27, 2012

Twitter Digest




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Billion Dollar Gram



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Best super bowl commercial 2012

Volkswagon wins my vote again this year for the best commercial.
Although Godaddy came close. 
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