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Tuesday, October 17, 2017

Why Entrepreneurs Should Care Less About Disrupting and More About Creating 10-18





Featured excerpt from WTF? What’s the Future and Why It’s Up to Us by Tim O’Reilly


If you’re an entrepreneur or aspiring to become one, Tim O’Reilly is the kind of mentor you should try to enlist. He’s been there and done that in the New Economy since, well, pretty much since there’s been a New Economy.

O’Reilly started writing technical manuals in the late 1970s, and by the early 1980s, he was publishing them, too. His company, O’Reilly Media Inc. (formerly O’Reilly R. Associates), based in Sebastopol, California, helped pioneer online publishing, and in the early 1990s, it launched the first web portal, Global Network Navigator, which AOL acquired in 1995.

Since then, O’Reilly has been an active participant in a host of developments from open source to Gov 2.0 to the maker movement. He is founding partner of San Francisco-based O’Reilly AlphaTech Ventures LLC, an early stage venture investor, and he sits on a number of boards, including Code for America Labs Inc., PeerJ, Civis Analytics Inc., and Popvox Inc. He has also garnered a huge Twitter following @timoreilly.

In his new book, WTF?, O’Reilly takes issue with the vogue for disruption. “The point of a disruptive technology is not the market or competitors that it destroys. It is the new markets and the new possibilities that it creates,” he writes. “I spend a lot of time urging Silicon Valley entrepreneurs to forget about disruption, and instead to work on stuff that matters.” In the following excerpt, edited for space, O’Reilly shares “four litmus tests” for figuring out what that means to you.

1. Work on something that matters to you more than money.

Remember that financial success is not the only goal or the only measure of achievement. It’s easy to get caught up in the heady buzz of making money. You should regard money as fuel for what you really want to do, not as a goal in and of itself.

Whatever you do, think about what you really value. If you’re an entrepreneur, the time you spend thinking about your values will help you build a better company. If you’re going to work for someone else, the time you spend understanding your values will help you find the right kind of company or institution to work for, and when you find it, to do a better job.

Don’t be afraid to think big. Business author Jim Collins said that great companies have “big hairy audacious goals.” Google’s motto, “access to all the world’s information,” is an example of such a goal.

There’s a wonderful poem by Rainer Maria Rilke that retells the biblical story of Jacob wrestling with an angel, being defeated, but coming away stronger from the fight. It ends with an exhortation that goes something like this: “What we fight with is so small, and when we win, it makes us small. What we want is to be defeated, decisively, by successively greater beings.”

The most successful companies treat success as a by-product of achieving their real goal, which is always something bigger and more important than they are. Former Google executive Jeff Huber is chasing this kind of bold dream of using technology to make transformative advances in health care. Jeff ’s wife died unexpectedly of an aggressive undetected cancer. After doing everything possible to save her and failing, he committed himself to making sure that no one else has that same experience. He has raised more than $100 million from investors in the quest to develop an early-detection blood test for cancer. That is the right way to use capital markets. Enriching investors, if it happens, will be a by-product of what he does, not his goal. He is harnessing all the power of money and technology to do something that today is impossible. The name of his company — Grail — is a conscious testament to the difficulty of the task. Jeff is wrestling with the angel.

2. Create more value than you capture.

It’s pretty easy to see that a financial fraud like Bernie Madoff wasn’t following this rule, and neither were the titans of Wall Street who ended up giving out billions of dollars in bonuses to themselves while wrecking the world economy. But most businesses that prosper do create value for their community and their customers as well as themselves, and the most successful businesses do so in part by creating a self-reinforcing value loop with and for others. They build or are part of a platform on which people who don’t work directly for them can build their own dreams.

Investors as well as entrepreneurs must be focused on creating more value than they capture. A bank that loans money to a small business sees that business grow, perhaps borrow more money, hire employees who make deposits and take out loans, and so on. An investor who bets on the future of an unproven technology can do the same. The power of this cycle to lift people out of poverty has been demonstrated for centuries.

If you’re succeeding at the goal of creating more value than you capture, you may sometimes find that others have made more of your ideas than you have yourself. It’s OK. I’ve had more than one billionaire (and an awful lot of start-ups who hope to follow in their footsteps) tell me how they got their start with a couple of O’Reilly books. I’ve had entrepreneurs tell me that they got the idea for their company from something I’ve said or written. That’s a good thing.

Look around you: How many people do you employ in fulfilling jobs? How many customers use your products to make their own living? How many competitors have you enabled? How many people have you touched who gave you nothing back?

3. Take the long view.

The musician Brian Eno tells a story about the experience that led him to conceive of the ideas that led to the Long Now Foundation, a group that works to encourage long-term thinking. In 1978, Brian was invited to a rich acquaintance’s housewarming party, and as the neighborhood his cab drove through became dingier and dingier, he began to wonder if he was in the right place. “Finally [the driver] stopped at the doorway of a gloomy, unwelcoming industrial building,” he wrote. “Two winos were crumpled on the steps, oblivious. There was no other sign of life in the whole street.”
But he was at the right address, and when he stepped out on the top floor, he discovered a multimillion-dollar palace.

“I just didn’t understand,” he said. “Why would anyone spend so much money building a place like that in a neighborhood like this? Later I got into conversation with the hostess. ‘Do you like it here?’ I asked. ‘It’s the best place I’ve ever lived,’ she replied. ‘But I mean, you know, is it an interesting neighborhood?’ ‘Oh — the neighborhood? Well ... that’s outside!’ she laughed.”

In the talk many years ago where I first heard him tell this story, Brian went on to describe the friend’s apartment, the space she controlled, as “the small here,” and the space outside, full of winos and derelicts, as “the big here.” He went on from there, along with others, to come up with the analogous concept of the Long Now. We need to think about the long now and the big here, or one day our society will enjoy neither.

It’s very easy to make local optimizations, but they eventually catch up with you. Our economy has many elements of a Ponzi scheme. We borrow from other countries to finance our consumption, and we borrow from our children by saddling them with debt, using up nonrenewable resources, and failing to confront great challenges in income inequality, climate change, and global health.

Every new company trying to invent the future has to think long-term. What happens to the suppliers whose profit margins are squeezed by Walmart or Amazon? Are the lower margins offset by higher sales or do the suppliers faced with lower margins eventually go out of business or lack the resources to come up with innovative new products? What happens to driver income when Uber or Lyft cuts prices for consumers in an attempt to displace competitors? Who will buy the products of companies that no longer pay workers to create them?

It’s essential to get beyond the idea that the only goal of business is to make money for its shareholders. I’m a strong believer in the social value of business done right. We should aim to build an economy in which the important things are a natural outcome of the way we do business, paid for in self-sustaining ways rather than as charities to be funded out of the goodness of our hearts.
Whether we work explicitly on causes and the public good, or work to improve our society by building a business, it’s important to think about the big picture, and what matters not just to us, but to building a sustainable economy in a sustainable world.

4. Aspire to be better tomorrow than you are today.

I’ve always loved the judgment of Kurt Vonnegut’s novel Mother Night: “We are what we pretend to be, so we must be careful about what we pretend to be.” This novel about the postwar trial of a Nazi propaganda minister who was secretly a double agent for the Allies should serve as a warning to those (politicians, pundits, and business leaders alike) who appeal to people’s worst instincts but console themselves with the thought that the manipulation is for a good cause.

But I’ve always thought that the converse of Vonnegut’s admonition is also true: Pretending to be better than we are can be a way of setting the bar higher, not just for ourselves but for those around us.

People have a deep hunger for idealism. The best entrepreneurs have the courage that comes from aspiration, and everyone around them responds to it. Idealism doesn’t mean following unrealistic dreams. It means appealing to what Abraham Lincoln so famously called “the better angels of our nature.”

That has always been a key component of the American dream: We are living up to an ideal. The world has looked to us for leadership not just because of our material wealth and technological prowess, but because we have painted a picture of what we are striving to become.
If we are to lead the world into a better future, we must first dream of it.

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North Korean doomsday weapon could kill up to 90% of Americans, experts warn experts, 10-17




US officials have been given a stark warning about the potential dangers of a nuclear electromagnetic pulse (EMP) bomb triggered by reclusive North Korea .

According to experts, such a blast could end up killing 90% of Americans indirectly by knocking out the power grid and all electrical devices within the blast radius.

Dr. William R. Graham and Dr. Peter Vincent Pry from the EMP Commission outlined to the US House of Representatives the dangers faced by a detonation - which is when a hydrogen bomb is detonated at an altitude of between 30 and 400km above a target. Such a weapon would knock out things like refrigeration for food storage, electrical lights and communication and water processing.

"With the development of small nuclear arsenals and long-range missiles by new, radical U.S. adversaries, beginning with North Korea, the threat of a nuclear EMP attack against the U.S. becomes one of the few ways that such a country could inflict devastating damage to the United States," the pair warned in a written statement .

"It is critical, therefore, that the U.S. national leadership address the EMP threat as a critical and existential issue, and give a high priority to assuring the leadership is engaged and the necessary steps are taken to protect the country from EMP."

Dr. Graham, a former science advisor to president Reagan and Dr. Pry, a former CIA officer, urged president Trump to prepare for a possible EMP strike.

They also warned that North Korea's weaponry is becoming more of an issue as the reclusive nation continues to schedule ICBM missile tests.

"The EMP Commission finds that even primitive, low-yield nuclear weapons are such a significant EMP threat that rogue states, like North Korea, or terrorists may well prefer using a nuclear weapon for EMP attack, instead of destroying a city."

The higher an EMP bomb is detonated, the wider the range of destruction.

At 400km (250 miles), an EMP bomb would be just under the orbit of the International Space Station and the resulting detonation would be enough to affect the majority of the US mainland.

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Please read thses also on north Korea



North Korea 'could kill almost four million people in Seoul and Tokyo with retaliatory nuclear attack' 

“Creative diplomacy is vital to defuse Korean crisis”




Time to Accept Reality and Manage a Nuclear-Armed North Korea   




Sunday, October 15, 2017

45 Junior Engineering Assistant Vacancy at Indian Oil Corporation Limited (IOCL) – Last Date 31 October 2017



Indian Oil Corporation Limited (IOCL) invites Application for the post of 45 Junior Engineering Assistant on contract basis at Mathura Refinery, Uttar Pradesh. Apply Online before 31 October 2017. Official website is iocl.com – Qualification/ eligibility conditions, how to apply & other rules are given below…

Advt. No. : MR/HR/RECT/JEA(ALL INDIA)/2017

IOCL Job Details :
  • Post Name : Junior Engineering Assistant
  • No of Vacancy : 45 Posts
  • Pay Scale : Rs. 11900-32000/-
Discipline wise Vacancy : 
  1. Chemical : 15 Posts
  2. Electrical : 07 Posts
  3. Mechanical : 13 Posts
  4. Instrumentation : 09 Posts
  5. Fire & Safety : 01 Post
Eligible Criteria for IOCL Recruitment :
  • Educational Qualification : 3 years Diploma in Electrical/Mechanical/Instrumentation/Instrumentation & Electronics / Instrumentation and Control Engineering from a recognized Institute/University OR 3 years Diploma in Chemical/Refinery & Petrochemical Engg. Or BSc (Maths, Physics, Chemistry or Industrial Chemistry) from a recognized Institute/University.
  • Age Limit : Minimum & Maximum age limit is 18 to 26 years as on 31.10.2017
Job Location : Mathura (Uttar Pradesh)

IOCL Selection Process : Selections will be based on Written Test and a Skill/Proficiency/Physical Test(SPPT).

Application Fee : General and OBC candidates have to pay Rs.150/-  though Online mode using either Debit/Credit Card or through Net-Banking only. SC/ST/PwD/ExSM candidates are exempted from payment of application fee.

How to Apply IOCL Vacancy : Interested candidates may apply Online through the website https://www.iocl.com form 09.10.2017 to 31.10.2017. Candidates may also send hard copy of Online application along with self attested copies of all supporting documents by ordinary post to DGM(HR), HR
Dept, Administration Building, Mathura Refinery, Mathura, Uttar Pradesh-281005 on or before 07.11.2017.
Important Dates to Remember :
  • Starting Date for Submission of Online Application : 09.10.2017
  • Last Date for Submission of Online Application : 31.10.2017
  • Last Date for Submission of Hard Copy of Online Application : 07.11.2017
Important Links :

Saturday, October 14, 2017

Will Human Innovation Save Us From Future Extinction? 10-15





Does the human ability to innovate suggest an immunity to total extinction?

Yes and no. Currently, innovation reduces our chance of extinction in some ways, and increases it in others. But if we innovate cleverly, we could become just about immune to extinction.


The species that survive mass extinctions tend to share three characteristics.They're widespread. This means local disasters don't wipe out the entire species, and some small areas, called refugia, tend to be unaffected by global disasters. If you're widespread, it's more likely that you have a population that happens to live in a refugium. 

They're ecological generalists. They can cope with widely varying physical conditions, and they're not fussy about food.

They're r-selected. This means that they breed fast and have short generation times, which allows them to rapidly grow their populations and adapt genetically to new conditions.

Innovation gives humans the ability to be widespread ecological generalists. With technology, we can live in more diverse conditions and places than any other species. And while we can't (currently) grow our populations rapidly like an r-selected species, innovation does allow us to adapt quickly at the cultural level.

Technology also increases our connections to one another and connectivity is a two-edged sword. Many species consist of a network of small, local populations, each of which is somewhat isolated from the others. We call this a metapopulation. The local populations often go extinct, but they are later re-seeded by others, so the metapopulation as a whole survives. 

Humans used to be a metapopulation, but thanks to innovation, we're now globally connected. Archaeologists believe that many past civilizations, such as the Easter Islanders, fell because of unsustainable ecological and cultural innovations. The impact of these disasters was limited because these civilizations were small and disconnected from other such civilizations.

These days, a useful innovation can spread around the world in weeks. So can a lethal one. With many of the technologies and chemicals we're currently inventing, we can't be certain about their long-term effects; human biology is complex enough that we often can't be absolutely certain something won't kill us in a decade until we've waited a decade to see. We try to be careful and test things before they're released, and the probability that any particular invention could kill us all is tiny, but since we're constantly innovating, it's a real possibility.

Pandemics pose the same problem for a well-connected species. There are certain possibilities where species extinction is really hard to avoid; fortunately, they're also very unlikely, but we are definitely not immune from this.

The most likely cause of our extinction, in my opinion, is innovation in machine learning/AI. This could destroy the planet, but even if it doesn't, humans will be ultimately redundant to the dominant systems. They might keep us alive in a zoo somewhere, but I doubt it. A happier scenario (to me at least) is transhumanism, where humans become extinct in a sense because we've managed to liberate ourselves from biology.

So how could innovation prevent our extinction? We seed the galaxy with independently evolving human populations to create a new metapopulation. These local populations would hopefully be sufficiently isolated that some would survive an innovation or disaster that wipes out the rest. They would, of course, evolve in response to local conditions, perhaps creating several new species. So you could say this is still extinction, but it's as close as we'll come to persistence in our ever-changing universe. 

How to find Happiness at work 10-15








Image: Shyam's Imagination Library

Happiness is in short supply at work these days. Deadlines, staff shortages, productivity pressures and crazy stress push even the most talented and temperate people to want to quit their jobs. But that’s not a realistic option, even for folks in the C-suite. Annie McKee, director of the Penn CLO and Medical Education programs at the University of Pennsylvania where she teaches leadership and emotional intelligence, has a better idea. In her book, How To Be Happy At Work, she outlines three requirements that workers need to feel more fulfilled on the job. McKee spoke about the concepts in her book on the Knowledge@Wharton show on SiriusXM channel 111. (Listen to the podcast at the top of this page.)

 The following is an edited transcript of the conversation.

Knowledge@Wharton: How many people do you think are not happy at work?

Annie McKee: I don’t think we even have to guess. Gallup has been studying people for years, and upwards of two-thirds of us are either neutral, which means we don’t care, or we’re actively disengaged. Disengagement and happiness go hand in hand, so an awful lot of people are not happy at work. Unhappy people don’t perform as well as they could. When we’re negative, cynical, pessimistic, we simply don’t give our all, and our brains don’t work that well just when we need people’s brains to be working beautifully.

Knowledge@Wharton: Has this problem ramped up in the last two decades or so? As much as digital is phenomenal for us, a lot of people feel under pressure because of what digital does to accelerate change.

McKee: The world is changing at a rapid pace, obviously. As much as we love our always-connected world, it can mean that we work all of the time. We’re always one minute away from that next email that’s going to bring tragedy or crisis to our working lives. Some of us never turn it off, and that’s not good for us.

Knowledge@Wharton: Where did your idea for the book come from?

McKee: I’ve worked in organizations all over the world for decades now. I’ve looked at leadership practices, emotional intelligence, culture and all of those things that impact the bottom line and people’s individual effectiveness. I decided to take another look and see what people were trying to tell us. All of these studies that we did around the world were practical studies. People were telling us, “I want to be happy, I want to be fulfilled, I want to love my job, I’m not as happy or as fulfilled as I could be, and here is what I need.” And then they went on to tell us what they need.

Knowledge@Wharton: Are executives aware of their employees’ problems? Are they also aware that they may susceptible to this?
“Unhappy people don’t perform as well as they could.”
McKee: It doesn’t matter where you sit in the organization, you are susceptible to disengagement and unhappiness even at the very top. We think if you’re making all of that money and you’ve got all of that power and that great job, it’s going to be perfect. The best leaders in our organizations, at the very top and all the way down to the shop floor, understand that people matter, feelings matter, and it’s job number one to create a climate where people feel good about what they’re doing where they’re happy, engaged and ready to share their talents.

Knowledge@Wharton: What are the key ingredients to finding that happiness?

McKee: From my work, I’ve discovered three things. Number one, people feel that they need to have impact on something that is important to them, whether it’s people or a cause or the bottom line. They need to feel that their work is purposeful, and it’s tied to values that they care about.
Number two, we need to feel optimistic that our work is tied to a personal vision of the future. The organization’s vision isn’t enough. As good as it may be, we have to know that what we’re doing ties to a personal vision of our future.

Number three, we need friends at work. We’ve learned over the course of our lives you shouldn’t be friends with people at work, that it’s dangerous somehow, that it will cloud your judgment. I don’t agree. I think we need to feel that we are with our tribe in the workplace, that we belong, that we’re with people that we respect and who respect us in return. We need warmth, we need caring, and we need to feel supported.

Knowledge@Wharton: I would think most people looking for a job, whether they are coming out of college or shifting careers mid-life, are looking for that area that would make them happy. When you have that expectation of being in the right sector to begin with, you hope that you have the happiness to go along with it.

McKee: We do hope that we get into the right organization and there’s a good fit between our values and the organization’s values. We really try hard. But we get in there and the pressures of everyday life, and the crises and the stress can really tamp down our enthusiasm and our happiness.

Also, a lot of us are susceptible to what I call happiness traps. We end up doing what we think we should do. We take that job with that fancy consulting firm or that wonderful organization not because we love it and not because it’s a fit, but because we think we should. Frankly, some of us have ambition that goes into overdrive. Ambition is a great thing, until it’s not.

Knowledge@Wharton: Is that part of the reason why we see more people who have been with a company for 20 years, 25 years and suddenly pivot? They may be going to work for a nonprofit. You see these stories popping up, especially with people in the C-suite.

McKee: You do see that. You see senior leaders all of a sudden saying, “Enough is enough, I [want to do] something different.” But I really want to be clear, you don’t always have to run away. In fact, you want to run towards something. If you feel you’re not happy in the workplace, quitting your job is probably not the first answer, and some of us can’t. What we need to do is figure out what we need, what we want, how to have impact, what will make us feel hopeful about our future, what kind of people we want to work with and for, and then go find that either in our organization or elsewhere.

Happiness starts inside each of us. It’s tempting to blame that toxic boss or that horrible organizational culture, and those things may be true. But if you want to be happy at work, you first have to look inside and ask what is it that you want? What will make you feel fulfilled? Which happiness traps have you fallen prey to? And get yourself out.

Knowledge@Wharton: What are the happiness traps?

McKee: There’s what I call the “should” trap. We do what we think we should do. We show up to work acting like someone we’re not. That is soul-destroying, and it’s fairly common. [There’s also] the “ambition” trap. When our ambition drives us from goal to goal and we don’t even stop to celebrate the accomplishment of those goals, something is wrong.

Some of us feel helpless, stuck. The “helplessness” trap may be the most serious of all. It’s really hard to get out of because we don’t feel we have any power. My message is we have a lot more power and control over not only our attitude but what we do and how we approach our work on a daily basis and in the long term than maybe we think we do.
“Ambition is a great thing, until it’s not.”
Knowledge@Wharton: Earlier in your life, you found yourself fitting into these patterns as well.
McKee: I did. Early in my life I wasn’t teaching in a wonderful institution like Penn. I didn’t even have what you would call a professional career. I had jobs like waiting tables and cleaning houses and taking care of elderly people. I was making ends meet. And it wasn’t easy.

I had two choices, I could either say to myself this is miserable and I hate it, or I could look for something that was fulfilling in what I did. I tried to do that. I did find aspects of my job, whether it was cleaning houses and feeling like I was doing a good job or finding a mentor in some of these workplaces, that really made it worthwhile to me.

Knowledge@Wharton: Do you have to be 100% happy all of the time? I think if you can find areas of happiness, it can make your job or your life so much easier to go through.
McKee: Happiness isn’t just about feeling good every moment of the day, and it’s not just about pleasure. That’s hedonism, and we’re not seeking that. Frankly, a little bit of stress is a good thing. It pushes us to be innovative and to do things differently and to push harder. So, it’s not about just feeling good. But we do need a foundation of purpose, hope and friendships. We do need to know that what we do matters at work, that we are doing something that is tied to our future, and that the people we work with are great.

Knowledge@Wharton: You mentioned taking the time to recognize your accomplishments, but there are companies that want you to push on to the next project. They don’t give you the opportunity to slow down even for an hour to enjoy it.

McKee: Most of our organizations are really hard-driving, especially publicly traded organizations. I’m not even sure they’re that different than other institutions these days. The pressure is on everywhere, and the reality is we do move from project to project, goal to goal. What choices can we make in the middle of that culture? We don’t have to be victims of our organizational culture, and we don’t have to be victims of that bad boss you might have or maybe you’ve had in the past. We can make choices about what we do with our time, our energy and our emotional stance.

Knowledge@Wharton: Going back to the friends component in the workplace, does it matter where those friends come from within the structure of the company? A lot of people say you have to be careful if you want to try to be friends with the boss.

McKee: It doesn’t matter where your friends are, but it does matter whether or not you have your eyes open and recognize what people are thinking about how you are behaving and who you are friends with. You’ve got to be aware of your organization’s culture and the rules of the road.
If you’re violating some of those rules — for example, going up the hierarchy and building friendships with people who are a couple levels above you or maybe in another division — you need to understand what the implications of that are. And you need to be maybe a little bit careful.

Knowledge@Wharton: How does the middle manager deal with this?

McKee: Middle managers get it from all sides. They are pulled in every direction, and it is probably the hardest job in any organization. They, more than anybody, need to hear this message. Life is too short to be unhappy at work. Middle managers have a tremendous impact on the people who work for them, and recognizing that you more than anybody are the creator and the curator of the culture in the organization is an important place to start.

Knowledge@Wharton: Sometimes managers forget about the life people have outside of work.
McKee: We’re here at the Wharton School, and we’ve been studying management now for over 100 years. Some of the early approaches to managing organizations are really destructive, and one of the aspects of that early research has been the attitude that people don’t matter and that private lives ought to be left at the door of the office. It’s impossible to leave our private lives at the door of the office. It doesn’t mean that we talk about it all of the time, but we bring our experiences with us and we bring our feelings with us. Managers need to recognize that.

It’s also hard to find what is commonly called work-life balance. By the way, I don’t like that phrase. I think it’s a myth. I don’t think there is any magic formula that says if we get it just right we’re going to be happy at work and happy at home. It’s more about understanding that the lines are blurred between work and home now, and we need to learn how to manage our choices and our attention.

Knowledge@Wharton: What about those who work remotely and can feel very isolated and disconnected?

McKee: I understand the isolation and feeling kind of left out. The reality is that it takes a lot more effort to build relationships when we work remotely. We need to take time. When we’re working remotely, we get on the phone, we do the work that needs to be done, we talk about the project, and we get off the phone. That leaves us feeling kind of empty. We need to take that extra five minutes to have a chat, have a laugh, feel like we are in a relationship with somebody. It takes effort and self-management because the temptation is to just do the work. You talk about the gig economy, right? We’re all sort of working in a portfolio manner these days. We take on this bit of work and that bit of work, and much of it is virtual.
“Life is too short to be unhappy at work.”
I think we need to figure this out because the bottom line is that we have not changed as human beings. We still need to feel like we belong, we need to feel that we’re cared for, and we need to be able to care for others in return. If we’re working far away, we’ve got to take extra time and make a concerted effort to build those relationships in a different kind of way than if we’re in person.
I’m a big proponent of working from home or working remotely. I think it’s really helpful to individuals and companies. People who are able to work at home feel trusted, and when you feel trusted you are more committed to your organization. A lot of people report being able to get more done away from the office because you don’t have the interruptions. The downside is that you have to find a way to keep the relationships fresh and alive because that’s as important as getting that project done.

Knowledge@Wharton: Companies seem to be more aware of employee happiness than they used to be, which is a good thing. Do you think we’re going to continue down that path?

McKee: Companies are more aware, so are enlightened CEOs and enlightened leaders. I think we will continue down the path for the following reasons. It’s not just nice-to-have, and it’s not just about feeling good. We’ve got solid research coming out of positive psychology, neuroscience and management that tells us that feelings matter. When we feel good, we’re smarter. And we need smart employees now. We need people who are committed, who are engaged. The research is pretty clear. Happiness before success. If we want our employees to be at their best, we need to care about their emotional well-being as well as their physical well-being.

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How America Can Bring Back Manufacturing 10-15




























Smokestacks belching hazardous gases, rivers so polluted they catch fire, workers in identical overalls turning bolts with wrenches: For many Americans, the word “manufacturing” conjures up negative, old-fashioned images. Or, we think of it as something that takes place in less-developed nations, as has increasingly been the case. Many have said that factories will continue to locate wherever the work can be done most cheaply, despite political messaging about bringing back manufacturing jobs.

Manufacturing accounts for about 13% of the U.S. economy. Should we even focus on trying to “bring it back,” now that information and services — the “knowledge economy” — seems a more promising path? Andrew Liveris firmly believes we should. In fact, he said in a recent talk at the University of Pennsylvania that manufacturing is essential to our knowledge economy, and to America’s competitiveness on the global stage.

Liveris is the executive chairman of DowDuPont, a $73 billion holding company (the two giant chemical companies merged in September), and Chairman and CEO of The Dow Chemical Company. He has advised both the Obama and Trump administrations on manufacturing issues. (Liveris was head of Trump’s now-defunct American Manufacturing Council.)

The author of Make It in America: The Case for Reinventing the Economy, in which he writes that America’s economic growth and prosperity depends upon a strong manufacturing sector, Liveris was interviewed at Penn’s Perry World House during Penn Global Week by Wharton School Dean Geoffrey Garrett. Garrett referred to Liveris “the cheerleader of advanced manufacturing.”

A Key Difference

Garrett stated that President Trump has been talking about bringing U.S. economic growth back up to the level it was before the 2008 Great Recession. Since World War II the economy has typically increased about 4% a year, but in 2016, the economy grew just 1.6%. What would it take to see those higher numbers again, he asked?

Liveris commented that the very nature of growth has changed dramatically because human civilization is going through “one of its every-few-hundred-years massive tipping point,” due to digitization. He said this phenomenon was as disruptive as Ford’s introduction of mass-produced cars in the horse-and-carriage era. This tipping point is causing enormous dislocation, including the elimination of jobs and the loss of meaningful work. Moreover, he said, “the job of 20 or 30 years ago is paying less — wage rates are down and all of that — so there are a lot of unhappy and angry people out there.”

And America is under-prepared, including from a policy point of view, he said. Liveris talked about the profound implications for business leaders as the forces of globalization collide with the forces of digitization. He said most corporations are not yet nimble enough to re-design themselves to accommodate these trends.

Yet, he said, substantial economic expansion is possible. “In the immediate term, can we get 3.5% growth in this country? You bet we can,” said Liveris. He noted that instituting policies to spur foreign direct investment would help as they did in the Clinton and Reagan eras. He also cited tax reform, infrastructure spending and business deregulation as important factors. He added, though, that the U.S. currently has “a massive, massive issue in how our government is functioning,” so change is not likely to happen overnight.

According to Liveris, there is a widespread lack of understanding among the public of what today’s manufacturing — which he referred to as advanced manufacturing — actually consists of. (Definitions vary, but the OECD defines advanced manufacturing technology as computer-controlled or micro-electronics-based equipment used to make products.) Liveris stated, “We are generating a new wave of technology to generate a knowledge economy. And a knowledge economy will need things made. They’ll just be made differently.”

Advanced manufacturing might include making smartphones, solar cells for roofs, batteries for hybrid cars, or innovative wind turbines. Liveris said he had visited a DowDuPont factory the previous week that is working on advanced compasses to enable wind turbines with blades the size of football fields. The goal is to produce blades light and efficient enough to make wind power a viable reality. “That’s technology. That’s advanced manufacturing,” he said.
“In the immediate term, can we get 3.5% growth in this country? You bet we can.”
He asked the audience to envision “a knowledge economy based on the collision and intersection of the sciences.” Those who think the tech revolution is only about “the Facebooks and the Googles, connectivity and all that,” are dead wrong, he said.

Not Enough Work, or Not Enough Workers?

Doesn’t the use of more robotics and automation lead to job loss? Garrett asked. Or, is the problem that workers aren’t appropriately skilled to fill new kinds of jobs? Liveris said he was firmly in the second camp. “I have job openings now at Dow and at DuPont that I can’t get the skills for. And engineering jobs open.”

He elaborated that the way machines provide insights is changing, and noted, “We humans will have to read those insights. I can’t [find] enough of those humans. That’s the issue we’re dealing with in this country.”

Liveris said that 7.5 million technology jobs left America between 2008 and 2016 because the country wasn’t supplying appropriate candidates. The reaction of many businesses was to re-locate to “the Chinas, the Indias, the places that were supplying that sort of skill.” In the United States right now, he said, there are half a million technology jobs open, but American educational institutions are only graduating roughly between 50,000 and 70,000 candidates per year, so there’s a “massive under-supply.” In the next three years, there will be 3.5 million jobs created, and Liveris said the U.S. might only be able to fill about 1.5 million of them through a combination of graduation and immigration. “Unless immigration is fooled with, which is a whole other issue.”

According to Liveris, a critical reason for America to revive its manufacturing sector is to promote innovation. “Something that we at Dow and many of us in manufacturing know: If you have the shop floor, if you make things, you have the prototype for the next thing, so you can innovate.” Conversely, if you stop making those things, your R&D diminishes dramatically, he said.
Liveris said that 7.5 million technology jobs left America between 2008 and 2016 because the country wasn’t supplying appropriate candidates.
The U.S. should be incentivizing the technologies that America is good at, said Liveris. Everybody knows about Silicon Valley, Liveris noted, but fewer know that the U.S. is prominent in advanced sensors, which are critical to the progress of the Internet of Things (IoT) sector. Other areas in which America stands out are lightweight compasses and 3D printing. He noted that technologies like these have been developed at various institutions “in a somewhat haphazard way, which is very American. That’s great. That’s creativity.” But, he said, shouldn’t we as a country double down on the things we do best and become the world leader?

Liveris called advanced manufacturing “the best path for the United States” and said, “We’re so naturally suited for it if we’d just get the policies to help us.” He believes that the U.S. should already be at the most advanced layer of economic development based on technology. “We have cheap money, we’ve got skills, we’ve got low-cost energy. We should be having an investment boom in this country,” he said.

He noted, though, that we have created barriers to investment that are preventing this from happening. Borrowing an expression from Indian Prime Minister Narendra Modi, Liveris said that there were two kinds of countries in the world: red tape countries (hampered by bureaucracy and over-regulation) and red carpet countries (welcoming to investors). The U.S. has unfortunately become a red tape country, he said.

He called investment “the biggest job creator out there,” and stated that Germany for example has figured out how to do this. “It’s the poster child of investment in Europe.” China, too, has mastered it, and “other countries who want to trade with the United States are mastering it because they incentivize it.”
“If you have the shop floor, if you make things, you have the prototype for the next thing, so you can innovate.”
Closing America’s Education Gap

A big proponent of STEM education, Liveris said that American schools are not graduating the workers we need. “We have convinced ourselves that a four-year college degree of the skills we used to have in the last century is what we should still keep producing.” He said that re-tooling American education needs to happen immediately, with STEM education incorporated at every level including elementary school.

Liveris said DowDuPont is funding a STEM-dedicated school, in conjunction with Michigan State University, in Dow Chemical’s home base of Midland, Michigan. The school will offer curricula for kindergarten through 12th grade, with MSU course offerings for college students, according to the Michigan news site MLive.

The pilot school will also provide teacher enrichment programs. Liveris said that American teachers need to be better trained and rewarded. “We do something very bad in this country, which is we don’t celebrate teachers at the elementary, middle and high school level. We should be putting them on pedestals. And giving them the skills to teach STEM.”

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Friday, October 13, 2017

Calculator shows hidden costs of fatigued workforce 10-13




A Fatigue Cost Calculator reveals that a U.S. employer with 1,000 workers can lose about $1.4 million dollars annually due to costs associated with exhausted workers.


Sleep disorders and sleep deficiency are hidden costs that affect employers across the U.S. Seventy percent of Americans admit that they routinely get insufficient sleep, and 30 percent of U.S. workers and 44 percent of night-shift workers report sleeping less than six hours a night. In addition, an estimated 50 million–70 million people have a sleep disorder, often undiagnosed. In total, the costs attributable to sleep deficiency in the U.S. were estimated to exceed $410 billion in 2015, equivalent to 2.28 percent of the gross domestic product.

Analysis of existing data, using a new Fatigue Cost Calculator developed through the Sleep Matters Initiative at Brigham Health for the National Safety Council (NSC), reveal that a U.S. employer with 1,000 workers can lose about $1.4 million dollars each year in absenteeism, diminished productivity, health care costs, accidents, and other occupational costs associated with exhausted employees, many of whom have undiagnosed and untreated sleep disorders.

Introduced at the NSC Congress and Expo, the Fatigue Cost Calculator is free online. Employers can use it to determine how much money a tired workforce costs their business by entering specific data — including workforce size, industry, and location — to predict the prevalence of sleep deficiency and common sleep disorders among their employees. Using an algorithm generated by integrating information from sleep science literature and publicly available government data, the calculator can estimate both the prevalence of employee sleep deficiency and the resulting financial loss.

It also estimates the savings that might be expected from implementation of a sleep health education program that includes screening for untreated sleep disorders, such as obstructive sleep apnea and insomnia.

“We estimate that the costs of fatigue in an average-sized Fortune 500 company consisting of approximately 52,000 employees is about $80 million annually,” said Matthew Weaver, a scientist with the Brigham Health Sleep Matters Initiative who helped develop the calculator.

The mission of the Sleep Matters Initiative, led by investigators from Brigham Health and Harvard Medical School, is to improve treatment of sleep and circadian disorders in order to improve health, safety, and performance, and to promote change in social norms around sleep health.

“Promotion of healthy sleep is a win-win for both employers and employees, enhancing quality of life and longevity for workers while improving productivity and reducing health care costs for employers,” said Charles A. Czeisler, director of the Division of Sleep and Circadian Disorders at Brigham and Women’s and Baldino Professor of Sleep Medicine at Harvard Medical School.

“Additionally, occupational fatigue-management programs can increase knowledge of sleep disorders, educate participants on the impact of reduced alertness due to sleep deficiency, and teach fatigue countermeasures, as well as screen for untreated sleep disorders.”
Other findings revealed by the Fatigue Cost Calculator include:
  • A national transportation company with 1,000 employees likely loses more than $600,000 a year because of tired employees. Motor vehicle crashes are the leading cause of workplace deaths, underscoring the need for alert, attentive employees.
  • More than 250 employees at a 1,000-worker national construction company likely have sleep disorders, which increase the risk of being injured or killed on the job. The construction industry has the highest number of on-the-job deaths each year.
  • A single employee with obstructive sleep apnea can cost an employer more than $3,000 a year in excess health care costs.
  • An employee with untreated insomnia is present but not productive for more than 10 full days of work annually, and accounts for at least $2,000 in excess health care costs.
  • An average Fortune 500 company could save nearly $40 million a year if half of its workforce engaged in a sleep-health program.
“This research reinforces that sleepless nights hurt everyone,” said Deborah A.P. Hersman, president and CEO off the National Safety Council. “Many of us have been conditioned to just power through our fatigue, but worker health and safety on the job are compromised when we don’t get the sleep we need. The calculator demonstrates that doing nothing to address fatigue costs employers a lot more than they think.”

Development of the Fatigue Cost Calculator was supported by a contract from the National Safety Council to the Brigham and Women’s Physicians Organization.