News You Can Use: 8/1/2018

The Source: A New Y2K? Joey Lombardi

  • Tesla asked suppliers for money back to boost profitability

    In a memo sent to several suppliers requesting money back, Tesla said the cash back would be necessary for Tesla’s “continued operation” and that it was an investment in “long-term growth.”

    Of course, this news won’t make Tesla investors happy. If a company needs to request money back from its supplier to achieve profitability, that doesn’t seem like a sustainable business model. That’s not to mention that it is sure to make future suppliers leery of working with Tesla. As one manufacturing consultant who isn’t involved with Tesla told the WSJ: “It’s simply ludicrous and it just shows that Tesla is desperate right now. They’re worried about their profitability but they don’t care about their suppliers’ profitability.”

    https://www.fastcompany.com/90206411/tesla-asked-suppliers-for-money-back-to-boost-profitability

  • You Need a Strategy If You Hope to Keep Your High Performers

    High performers are put on the hardest projects — over and over again. You know they can deliver and really, it’s only logical to put your best people on the most important projects. But when top employees are under constant pressure while also being asked to help out with smaller ad hoc tasks that aren’t related to their work, these demands can be a fast track to burnout. Communicating with your high performers and taking the time to rein in some of these additional projects and requests will not only show your top performer that you are a source of support who values their time, but it’ll also clear their desk to work on the projects that really matter.

    https://www.entrepreneur.com/article/316963

  • John Oliver Calls Facebook ‘History’s Most Profitable Data-Harvesting Machine’ – NSFW
  • Big tech warns of ‘Japan’s millennium bug’ ahead of Akihito’s abdication

    The Japanese calendar counts up from the coronation of a new emperor, using not the name of the emperor, but the name of the era they herald. Akihito’s coronation in January 1989 marked the beginning of the Heisei era, and the end of the Shōwa era that preceded him; and Naruhito’s coronation will itself mark another new era.

    But that brings problems. For one, Akihito has been on the throne for almost the entirety of the information age, meaning that many systems have never had to deal with a switchover in era. For another, the official name of Naruhito’s era has yet to be announced, causing concern for , calendar printers and international standards bodies.

    It’s why some are calling it “Japan’s problem”.

    https://www.theguardian.com/technology/2018/jul/25/big-tech-warns-japan-millennium-bug-y2k-emperor-akihito-abdication

  • Forbes suggested Amazon should replace libraries, and people aren’t having it

    A Forbes contributor wrote a short piece titled “Amazon Should Replace Local Libraries to Save Taxpayers Money,” arguing that libraries should be shuttered in return for Amazon opening bookstores in local communities. At the gist of the writer’s argument is that Starbucks has replaced libraries as a friendly place to go and read and streaming services like Amazon Prime Video have replaced video rentals, which many local libraries had provided.

    https://www.fastcompany.com/90206403/forbes-suggested-amazon-should-replace-libraries-and-people-arent-having-it

Photo by Roberto Nickson (@g) on Unsplash

News You Can Use: 11/15/2017

  • I Learned a Lot About Strong Company Culture From Jeff Bezos — But There’s 1 Strategy I Won’t Copy

    Amazon’s culture is fairly cutthroat and trust does not run high. Every year employees are stack ranked and those at the bottom of the list are cut. In theory, it’s important to keep the bar for performance high and this is one of the ways Amazon does that. But, this practice pits employees against each other. Instead of working as teammates they compete as rivals. Trust is essential in building a healthy company. You need every person on the team to be willing to shift priorities and pitch in on initiatives that fall well outside their defined job role in order to make the company successful. You need a culture where people have each other’s backs. If you get the right people on board and align them all around a single vision, this will happen naturally.

    https://www.entrepreneur.com/article/304037

  • Don’t Struggle Always to Be the ‘Smartest Person in the Room.’ Instead, Rely on a Mentor.

    Find several mentors who share your passions. When you reach out to mentors — and aim to have more than one — look for common ground according to your passion for similar challenges and objectives. Then, when you approach these individuals, emphasize these shared passions in a letter or speech to demonstrate the potential of a collaboration.

    Don’t just ask someone generically and blandly to be your mentor; you’ll risk coming across as a “social climber.” Mentors want to be aligned with those who share similar values and goals.

    https://www.entrepreneur.com/article/304265

  • John Oliver: Economic Development (NSFW)

    Once again, I beat Mr. Oliver to the punch (Obviously I love Last Week Tonight, and just feel vindicated that we cover the same topics (and that I am a little ahead of the trend every once and a while).
  • Facebook, WeWork and others use this startup to make swag

    “People think of swag as junk but it shouldn’t be,” Swag co-founder Jeremy Parker told TechCrunch. “It could be an amazing marketing tool if it’s built right.”

    Swag.com offers products like water bottles, umbrellas, shirts, jackets, USB drives, bags and other items from brands like Patagonia, Case Logic. Once you pick the product, you upload your designs, specify how many you want printed and then wait for Swag to send you the production mockup for approval.

    Standard production time takes about 15 days while priority production takes 10 days and costs a bit more. Production doesn’t start until the customer has approved the mockup. Since Swag works directly with the manufacturer and vendor, it doesn’t have to hold any inventory.

    https://techcrunch.com/2017/11/06/facebook-wework-and-others-use-this-startup-to-make-swag/?ncid=rss
    I really do enjoy good company swag and there is so much bad swag that I end up tossing.

  • How Facebook Figures Out Everyone You’ve Ever Met

    Behind the Facebook profile you’ve built for yourself is another one, a shadow profile, built from the inboxes and smartphones of other Facebook users. Contact information you’ve never given the network gets associated with your account, making it easier for Facebook to more completely map your social connections.

    Facebook isn’t scanning the work email of the attorney above. But it likely has her work email address on file, even if she never gave it to Facebook herself. If anyone who has the lawyer’s address in their contacts has chosen to share it with Facebook, the company can link her to anyone else who has it, such as the defense counsel in one of her cases.

    https://gizmodo.com/how-facebook-figures-out-everyone-youve-ever-met-1819822691

Photo: Jase Ess

News You Can Use: 11/1/2017

  • The World Once Laughed at North Korean Cyberpower. No More.

    Their track record is mixed, but North Korea’s army of more than 6,000 hackers is undeniably persistent, and undeniably improving, according to American and British security officials who have traced these attacks and others back to the North.

    Amid all the attention on Pyongyang’s progress in developing a nuclear weapon capable of striking the continental United States, the North Koreans have also quietly developed a cyberprogram that is stealing hundreds of millions of dollars and proving capable of unleashing global havoc.

    Unlike its weapons tests, which have led to international sanctions, the North’s cyberstrikes have faced almost no pushback or punishment, even as the regime is already using its hacking capabilities for actual attacks against its adversaries in the West.

    https://www.nytimes.com/2017/10/15/world/asia/north-korea-hacking-cyber-sony.html

  • CFOs Need Procurement as Their Right-Hand Man. Here’s Why.

    CFOs should also look to procurement for a fresh perspective when it comes to solving business problems. Due to its far-reaching nature (procurement departments are involved in most, if not every, department in the organization), procurement is uniquely positioned to see and understand departmental and overall business needs. This gives CFOs a more accurate look at what technology and processes will be most beneficial in the long run.

    The need for a future-focused perspective when making long-term internal strategy decisions is especially important to ensure high ROI on each investment that a CFO makes. As the report stresses, “This can be particularly important in extremely fast-growing organizations that need to move quickly to find innovative solutions for an ever-changing constellation of business needs.”

    http://daily.financialexecutives.org/cfos-need-procurement-right-hand-man-heres/

  • Equifax: Last Week Tonight with John Oliver (NSFW)

    John Oliver is a little late, I covered this topic last month 🙂 
  • Sorry, Millennials — You Are Not Entrepreneurs

    However, the truth shows that millennials are full of shit. The number of people under 30 who own a business has fallen by 65 percent since the 1980s and is now at a quarter-century low according to the Wall Street Journal.

    The reason why entrepreneurs are generally older is that they are better suited to the risk involved with starting a business. Nine out of 10 startups fail, so those individuals that choose to create companies are generally better prepared and more experienced than a typical millennial. They aren’t discouraged by past failures. They learn from them and apply those lessons to future opportunities. Business is far from a fair or easily solved equation.

    https://www.entrepreneur.com/article/299996

  • Here Is Everything You Need To Make Your Conference Calls Not Suck
    Point 1:

    “The aim for a conference call or other kind of distance meeting should be to create the notion of sitting in the same room,” says Konftel’s product manager, Torbjörn Karlsson. “If you need to raise your voice to be heard or have a hard time to perceive what people say, you need to identify the weak components.”

    Point 2:

    “Today’s modern, minimalist rooms are the most common cause of poor sound quality in audio conferencing,” says Eriksson. “A cold room causes the sound to bounce around and gives a longer reverberation time.” He recommends taking several steps to minimize this “minimalist bounce” including furnishing the room with soft furnishings, and on the floor, fitted carpet or rugs; putting up long blinds, curtains, and wall hangings to absorb any bounce if the room has windows and large empty walls; and even decorating the room with potted plants.

    Point 3:

    “Before and during the meeting there are a number of minor tips that have an immediate effect on sound quality and cut irritating distractions,” says Eriksson. “Don’t tap your pen or fingers on the table. Remember that the screen on your laptop is a barrier between you and the microphone. Don’t place paper or folders over any expansion microphones on the table. Don’t put your chin in your hand when you’re talking.” All of the above can make it hard for the remote worker to understand you clearly. You’ll know exactly what Eriksson means if anyone on the call has ever asked “What’s that tapping noise?” and you’ve realized that it was your fingers drumming on the table.

    https://www.fastcompany.com/40479345/here-is-everything-you-need-to-make-your-conference-calls-not-suck

Photo: Benjamin Child

News You Can Use: 10/11/2017

  • Supply chain professionals disagree about value of increased data collection

    In IBM’s presentation on Watson and blockchain, the company said supply chains don’t have enough data and that they need more. But according to a presentation from JDA Software, everyone has plenty of data; what’s needed is the right tech for handling and understanding what it means.

    http://www.supplychaindive.com/news/supply-chain-professionals-disagree-about-value-of-increased-data-collectio/505954/

  • How To Tell Whether You Should Accept A Job Interview

    Truth talk: Taking an interview is a chance to have more options, and while options are great, they can also be overwhelming. The “paradox of choice” is a real thing, and opening up the possibilities could toughen an already challenging search process.

    If you’re someone who struggles with indecision–like if you’re already torn between other roles you’ve applied for–turning down the chance to dive deeper into something you aren’t even interested in can simplify things.

    https://www.fastcompany.com/40470132/this-is-when-its-worth-interviewing-for-a-job-youre-not-sure-you-want

  • John Oliver on the Ways We All Get Screwed by Mergers and Acquisitions (NSFW!)

    https://www.entrepreneur.com/article/300817
  • Study reveals IT security and risk management need work at all companies

    security and risk management practices dominate the list of the top five most-mature best practices. That’s good. However, what is not so good is the low percentage of IT organizations that have adopted these crucial security practices formally and consistently. Only about half or fewer of our respondents do so, which means the majority of organizations admit that their security and risk management practices are “informal” or “inconsistent.” In other words, there is a lot of room for improvement.

    http://diginomica.com/2017/09/28/study-reveals-security-risk-management-best-practices-need-work-companies/

  • U.S. Antitrust Law Is Not Broken

    So the focus on consumers is too narrow for ambitious progressives. “We’re trying to agitate a move away from a consumer welfare approach … towards an approach that looks at a variety of factors that I would argue represents a more reality-based understanding of how competition works,” Lina M. Khan, the author of an influential Yale Law Review article on the subject, told the New Republic’s Brian Beutler.

    As listed in the congressional Democrats’ new economics platform, those factors might include just about anything people don’t like: “whether mergers reduce wages, cut jobs, lower product quality, limit access to services, stifle innovation, or hinder the ability of small businesses and entrepreneurs to compete.” It continues: “In an increasingly data-driven society, merger standards must explicitly consider the ways in which control of consumer data can be used to stifle competition or jeopardize consumer privacy.”

    https://www.bloomberg.com/view/articles/2017-09-29/u-s-antitrust-law-is-not-broken

Photo: Arnold Exconde

News You Can Use: 7/6/2016

sn_suitcases_Mike Birdy

  • Your Procurement Sucks … and Here are 3 Likely Reasons Why.

    Invoices. RFPs. Catalogues. It’s not the 90s anymore, it’s the teens. If you don’t have a modern e-invoicing, e-RFX, and e-Catalog/e-Shopping solution there’s no hope of you ever getting your Procurement on track because you’ll never be able to process the mound of paperwork that is getting bigger and bigger every day as your organization grows and more invoices go in, more RFPs go out, more suppliers respond, and more suppliers send you their catalogues that get bigger every year.

    http://sourcinginnovation.com/wordpress/2016/06/16/your-procurement-sucks-and-here-are-3-likely-reasons-why/

  • Flipping the office telepresence model
    sn_telepresence_getty

    If you haven’t encountered a telepresence robot before, they look surprisingly humble. There is some variety in appearance, but the basic elements are: a screen that functions as a “head,” a “leg” or a “neck” for turning the “head” and a set of gyroscopic wheels for traveling. The model we use is made by Double Robotics and is essentially an iPad on a leg with wheels. Though it may seem simple, the technology is quite remarkable in what it can do for bringing people together.

    https://techcrunch.com/2016/06/18/flipping-the-office-telepresence-model/

  • Last Week Tonight With John Oliver: Brexit Update (Absolutely Not Safe for Work!)

    Seriously bad language on this one… you have been warned. 
  • Tech culture still pushing out women, study finds

    The research was conducted by having more than 40 undergraduate engineering students keep bi-monthly diaries, providing the study with more than 3,000 entries to analyze. The results were published in a paper titled “Persistence is cultural: Professional socialization and the persistence of sex segregation,” in the May issue of Work and Occupations.

    http://www.networkworld.com/article/3084460/careers/tech-culture-still-pushing-out-women-study-finds.html

  • Supply Risk Management Can Not Be Siloed

    even though there may have been hundreds of smaller incidents in the supply chain that resulted in small fines, unexpected cost increases, disruptions, and minor brand damage, if no single incident has been severe enough to get the C-Suite’s attention, something else will always be higher priority

    http://sourcinginnovation.com/wordpress/2016/06/17/supply-risk-management-can-not-be-siloed/

Photo: Mike Birdy