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Showing posts from July, 2021

Future of work, a follow up on my previous blog. Key Takeaway of Book "Punching the Clock Adapting to the New Future of Work"

 As a follow up to my previous blog where the news articles were analysed ( it was about automation and future of work), I got hold of this book, sharing the summary. Punching the Clock Adapting to the New Future of Work No matter how work changes, the ways people work remain profoundly tied to social dynamics. The book draws on insights from social psychological research and applies them to the workplace.  Key Take-Aways Subordinates model themselves after the behaviors and performance expectations leaders indicate. Labels generate real-world consequences. Create a workplace culture that prizes appreciation and respect. Be mindful of how you reward, punish and offer choices to your workforce. Confidence can lead to outstanding successes and astonishing failures. Most people will comply with unethical behavior when pressured by someone in power. Group dynamics affect individual behavior. Direct experience can help change biases. Subordinates model themselves after the beh...

Future of Automation and Jobs. Analysis of write up in Economist, WSJ and NYT

We are living in dichotomous world. There are robots everywhere, yet we are facing labor shortages. So what's the future of automation.    The news   • Analysis of Economist article. A head-scratcher. There’s a debate about whether the COVID-19 pandemic has been draining jobs from highly automatable industries. If that’s the case, why are there labor shortages? Why are wages of the lowest-paid workers rising? And why did the US have one million more “routine” (and highly automatable) jobs in May 2021 than expected? Keep watching this space. Read the economist here: https://www.economist.com/finance-and-economics/2021/06/19/is-the-pandemic-accelerating-automation-dont-be-so-sure?cid=other-eml-onp-mip-mck&hlkid=16dbdf27b5234632be28af16caeb4c9b&hctky=9431270&hdpid=b0df508f-fbbc-47f3-900e-734a5eb7715c ...

Digital transformation of a company - need of the hour from surviving and thriving

So the news  https://www.wsj.com/articles/cios-accelerate-pre-pandemic-cloud-push-11619434818?st=9r69b9o1jt96red&reflink=article_email_share&cid=other-eml-onp-mip-mck&hlkid=7be2b4fad1064368836c8aba12dbe9f7&hctky=9431270&hdpid=3bec9d3a-6d18-475b-9bca-b79ef8107869 What it means  • Seven heaven or Cloud nine. Global spending on cloud services is expected to increase 23% this year as companies shift focus from supporting the tools required for remote work to large-scale digital projects and IT strategies. Companies are also shifting their approach to the cloud, embracing it as a vehicle for competitive advantage that can track performance and ultimately help drive smarter decisions. Another one  https://fortune.com/2021/05/26/customer-experience-coronavirus-pandemic-verizon-amc-goldman-sachs/?cid=other-eml-onp-mip-mck&hlkid=a1e2fb8e05c544f5bbae5bad9f92ccdf&hctky=9431270&hdpid=3bec9d3a-6d...

1st Book summary of the 6 to read in 2021. Book 1: Who Not How. About Accelerating Teamwork

  Book 1 : Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork   We live in a highly individualistic culture and we’re trained in a public education system that focuses on competition. Each student is taught to do everything on their own and is graded against their peers.  Who Not How  provides a framework for being relational and collaborative, and for building more teamwork in all areas of your life.      This book is coauthored by Dan Sullivan and Dr. Benjamin Hardy who together break down Dan’s methodology on entrepreneurship in action. Rather than asking, “How can I do this?” when you have a goal or challenge, this book trains  you to ask, “Who can do this for me?” or “Who can help me do this?”   Key takeaways:    Ÿ   It is possible to build a successful business and life without killing yourself to do so.   Ÿ   Societal norms, like assumptions about abilities decl...

My Article on Why Standardizing EV Batteries Is Not A Viable Solution At This Juncture in BW Auto

  Standardizing EV Batteries Is Not A Viable Solution At This Juncture Battery technology is currently at a very nascent stage and it is continuously evolving. Any attempt at standardisation at this moment will stifle innovation. 1.        http://bwautoworld.businessworld.in/article/Standardizing-EV-Batteries-Is-Not-A-Viable-Solution-At-This-Juncture/05-07-2021-395382/ 2.        https://contentmediasolution.com/business/standardizing-ev-batteries-is-not-a-viable-solution-at-this-juncture/ 3.        https://onlinemediacafe.com/business/standardizing-ev-batteries-is-not-a-viable-solution-at-this-juncture/ 4.        https://digitalmedia9.com/business/standardizing-ev-batteries-is-not-a-viable-solution-at-this-juncture/ 5.        http://mediabulletins.com/business/standardizing-ev-batteries-is-not-a-viable-solution-at-this-junctur...

Do we work only for the love of money or is there more to it? Insights from NYT and Atlantic article

  Are we doing working only for the love of money or is there more to it? Insights from NYT and Atlantic article   The News    https://www.theatlantic.com/family/archive/2021/04/money-income-buy-happiness/618601/?cid=other-eml-onp-mip-mck&hlkid=b9db026237f840ada409a5d5a3b82f3e&hctky=9431270&hdpid=fb3dde44-75f1-4a25-8f9a-2a8ca33c8705   What it says  Buying happiness? Many people salivate over the salaries of millionaires and billionaires, but most would be happiest earning 1Lacs Dollar a year. That’s enough to provide a cushion against poverty and makes it much easier to cover the costs of education, healthcare, and memorable experiences with loved ones. Beyond the $100,000 level, happiness flattens significantly. But when wealthy people spend money on experiences and being charitable, they flood their brains with plenty of feel-good chemicals.    Another news   https://www.nytimes.com/2021/04/20/world/europe...