Thursday, December 29, 2011

Saturday, December 24, 2011

When MBAs get hands on

This week, Andrew follows up on his introduction promise and writes a little about Boba Guys from the perspective of an MBA graduate.

Business schools are not exactly targeting entrepreneurs looking to start boba shops, so not everything I learned there is applicable at our shop; that said, I hope to draw some ties.

I recently read an interesting GOOD article on about how Harvard is experimenting with a more “hands-on” approach to business school. As an MBA, I've always felt that the most enriching experiences in school combine application and theory. Since officially starting work on Boba Guys in September, my perspective on business has evolved a bit, especially as my two years of business school memories fade into the background.

My first “Toto, I have a feeling we’re not a Kansas anymore” moment came when Bin and I went to buy restaurant supplies. In school, we get a conceptual understanding about inventory and cost accounting. Even the simulations, though extremely fun and illustrative, could not prepare me for some of mundane, real-world operational issues. It finally hit home when we had pots, pans, induction burners, measuring cups, and containers littered across the tiny living room of my San Francisco condo. Where was this part of the story when I read The Goal? By the way, The Goal is a fantastic, though melodramatic, read for people curious about operations.

Some of my training in came in handy, as I was able to model some of the queuing problems and throughput times when we had to figure out how to move all our supplies and drinks from location to location. The most helpful skill I got from business school is the ability to solve a problem by dissecting it into digestible pieces. If only all problems were mechanical!

The analogy used by the professor in my favorite class of all time, game theory, is that the tools learned in school are not a magic key—you can’t expect them to open every lock you find. In my opinion, most business lessons and principles are more artistic than scientific.

In my pricing class, I learned how to measure a product’s price elasticity—how much a change in price affects volume— but quickly realized that the models typically apply to sizable businesses with large data sets and a lot of time on their hands. In a startup, prices are largely strategic choices that rely more on intuition and common sense than on a robust model. If anything, an iterative model, which relies more on technology and a feedback loop than static pricing analysis, is more ideal. I would still take that class over again in a heartbeat, but it illustrates a point that I only realized until after finishing school—business, or even life, is not something you can always model or rationalize.

MBAs sometimes get a bad rap for all sorts of reasons—both good and bad—but it defines very little of me. I loved my two years at a fantastic school, but my experience starting Boba Guys is just as stimulating and challenging. In later entries, I will share more about my perspective and keep it real.

Six Social Media Trends for 2012

Six Social Media Trends for 2012 http://smf.is/1BXFYG (via @summify from @HarvardBiz, and @dancandido)

2012 JWT predictions for 2012

mailto:?subject=Check%20out%20this%20Slideshare%20presentation&body=http%3A%2F%2Fslideshare.net%2Fjwtintelligence%2Fjwt-10-trends-for-2012-executive-summary

An Open-Source Hydroponic Vertical Garden With A Built-In Social Network

An Open-Source Hydroponic Vertical Garden With A Built-In Social Network http://smf.is/1BNs7u (via @summify from @elizterry)

Fwd: TripAdvisor Member Update




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From: "TripAdvisor" <MemberUpdate@e.tripadvisor.com>
Date: 9 December 2011 04:23:40 GMT
To: <thehospitalitybiz@gmail.com>
Subject: TripAdvisor Member Update
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Incredible ice hotels
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Incredible ice hotels: perfect for chilling out
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"...the ice chandelier to the ice stairs and slide, the bar..." read more
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Lainio Snow Village
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"...we could enjoy the privacy of the outdoor hot-tub..." read more
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Kirkenes Snowhotel
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"I had always wanted to ride on a husky pulled sled..." read more
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Snow Castle of Kemi
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Thursday, December 8, 2011

TED Prize 2012 goes to … The City 2.0


via Byline

For the first time in the history of the TED Prize, it is being awarded not to an individual, but to an idea. It is an idea upon which our planet's future depends:

The City 2.0.

The City 2.0 is the city of the future… a future in which more than ten billion people on planet Earth must somehow live sustainably.

The City 2.0 is not a sterile utopian dream, but a real-world upgrade tapping into humanity's collective wisdom.

The City 2.0 promotes innovation, education, culture and economic opportunity.

The City 2.0 reduces the carbon footprint of its occupants, facilitates smaller families and eases the environmental pressure on the world's rural areas.

The City 2.0 is a place of beauty, wonder, excitement, inclusion, diversity, life.

The City 2.0 is the city that works.

The TED Prize grants its winner $100,000 and "one wish to change the world." How will this prize be accepted on behalf of the City 2.0? Through visionary individuals around the world who are advocating on its behalf.

We are listening to them and giving them the opportunity to collectively craft a wish. A wish capable of igniting a massive collaborative project among the members of the global TED community, and indeed all who care about our planet's future. (Individuals or organizations who wish to contribute their ideas to a TED Prize wish on behalf of The City 2.0, please write to tedprize@ted.com.)

The wish will be unveiled on February 29, 2012, at the TED Conference in Long Beach, California. On a Leap Year date, we have a chance, collectively, to take a giant leap forward.

Learn more about The City 2.0 >>

Read the FAQ >>


6 Benchmarks That Gauge Success


via Byline

Shared by David
How do you measure and gauge your success today? Is success all that you thought it was cracked up to be? By definition, success is a noun: "the favorable outcome of something attempted." The answers to the two questions above are tied into the lens we look through at any place in our life cycle. Each place in that cycle is real, legitimate and important. The question and answer of how we gauge our success has dramatically changed for most of us in the past few years, as we have seen our circumstances and assets change. That has gotten me thinking about what the benchmarks are today that gauge success for me. I have seen people's health, financial security, family structure, business and career path and stability change in the snap of a finger. My life path has changed more in five years than in the prior two decades! If success is about the favorable outcome of things we attempt, then I measure success today through these six benchmarks. 1) Making Quality Life Connections Nurturing and improving long-term, healthy relationships with family, friends and colleagues 2) Engaging in Healthy Lifestyle Choices Working at and integrating work/ life balance, diet, exercise, stress management, hobbies and fascinations 3) Working on My Spiritual Condition Going within and underneath the exterior, to our values, beliefs, acceptance, tolerance, paying forward and connectedness 4) Exercising My Willingness to Learn Always challenging and pushing my ability to stay open to new ideas, skills and learning 5) Having Resilience to Change Embracing, accepting, dealing with and arming myself for unexpected change 5) Building Networks and Support Systems Continually building strong, mutual personal and professional communities and connections–and using them 6) Staying in and Living in the Now Focus on the only reality that I have, which is the day I am in, and making the absolute most of it Gauging my success today has very little to do with material success alone, which is fleeting without these benchmarks. Material success is a manifestation of these benchmarks and comes with a quiet resolve to enjoy and share them with all who make them possible to have and achieve. Seriously, I don't know anyone who has sustained happiness and success without these benchmarks as a foundation. Just ask any of the many examples of people who have crashed and burned because of greed and fraud. The universe sees right through that, sometimes quickly, sometimes slowly. What are the benchmarks that gauge your success today? Image from violetkaipa/Shutterstock From Small Business Trends 6 Benchmarks That Gauge Success
How do you measure and gauge your success today? Is success all that you thought it was cracked up to be?  By definition, success is a noun: "the favorable outcome of something attempted." The answers to the two questions above are tied into the lens...

10 Predictions for 2012: The Top Trends in Talent Management and Recruiting

10 Predictions for 2012: The Top Trends in Talent Management and Recruiting http://smf.is/1BzTfk (via @summify from @carojcooper)

Watch December 2, 2011: Interview with Ron Dreyer of G. Adventures




david.wood@gmx.co.uk wants to share this video with you:

December 2, 2011: Interview with Ron Dreyer of G. Adventures

Video:
Brett Couvillon sits down with Ron to discuss what's new at G Adventures. Among other things, G Adventures has launched a marine division which offers new destinations for travelers and new commissions for travel agents.
http://www.travelpulse.com/interview-with-ron-dreyer-of-g-adventures.html