BSI

BSI
Creating Generational Legacies

Thursday, June 22, 2017

Who are the worlds most innovative countries

They say the growth of a country is directly proportionate to how innovative they are.

 

The UNs World Intellectual Property Organisation (WIPO) together with 2 business Universities, INSEAD and the SC Johnson College of Business at Cornell University, seeks to shed light on countries' competitiveness based on 81 indicators, and has created The Global Innovation Index.

The index takes in factors including political environment, education, infrastructure and business sophistication, and reviews the state of innovation in agriculture and food systems across sectors and geographies.

The top 10

  • The Nordic States (Switzerland, Sweden and the Netherlands)  topped the list , with Denmark being pipped by USA and the UK.
  • Singapore continued to punch above its weight by being placed 7th, pipping Finland, Germany and Ireland 
Other notable Stats
  • Australia slipped 4 places to 23, NZ placed 20th and  Israel was placed 21 out of the total of 311
  • China excelled in  high-tech exports, industrial design and business sophistication, but was left wanting in  tertiary education, the regulatory environment, creative media and protection of minority investors.
  • India rose 6 places to 60th (actively spurring investment and encouraging innovation), only being let down by its bureaucracy and lack of infrastructure. 
  • the United Arab Emirates from 35 to 41, Vietnam from 59 to 47 and India from 66 to 60.

Australia is ranked 4th among the top agricultural R&D spenders. The first is India, followed by South Korea, China, the Netherlands.

Australia's yields on crops are the envy of other countries.

Eg the rice yield in India is 2.6 tonnes per hectare—far lower than the 4.7 in China, 3.7 in Brazil, 5.9 in the United States, or 9.5 in Australia.

WIPO's head, Francis Gurry, (WIPO), told a conference that he believed that investing in innovation was key to economic growth and that international openness was a key to fostering innovation, and wasn't sure how Trumps protectionist policies and Britain exiting Brexit would effect world innovation. 

Australia has always been regarded as an Innovation Nation, 

Australia, let's rise to the challenge - and strive to be in the top 10 in Innovation and Growth. We have the Infrastructure and Education Facilities - we just need the MAD (motivation, authority and desire) by our leaders. 

I was encouraged to hear how the NSW Government was placing an enormous amount of importance and investing in innovation. Let's hope Malcolm Turnbull and  our Federal Government does the same.


 









Wednesday, June 21, 2017

SolarGaps | Photovoltaic Solar Panel Window Blinds


 
These blinds will reduce your apartment, home and/or business electricity bill by up to 70% with solar energy generating smart blinds.
 
 SolarGaps was engineered with features designed for renters, homeowners and small businesses to affordably reduce energy usage, create renewable energy and transition to energy independence.  SolarGaps smart blinds automatically track the sun throughout the day, adjusting position to the optimal angles to generate solar electricity to power devices in your home, apartment or office.
 
  • The blinds are not permanent.  With renters in mind, the interior wall brackets are designed as a non-permanent, plug & play solution with additional installation options for homeowners to maximize energy production.
  • The built-in solar panels can generate up to 100W-150W of renewable energy per 10 sq. ft. iof window, enough to power 30 LED light bulbs or three MacBooks. 
  • In addition to generating solar energy, the window blinds also save energy by shading your home interior and reducing air condition cost by up to 40%. 
  • Energy surplus can either be stored by battery or can easily be sold to your electricity company as green energy through a two-way meter they provide. 
The blinds easily integrate with smart devices like Google Home, Echo, Nest Thermostat and more to control by voice, temperature and/or smartphone app. 
 

Dubai's Robocop rolls onto streets to fight real crime

The Bob Pritchard Column 

A robotic policeman which can help identify wanted criminals and collect evidence has joined Dubai's police force and will patrol busy areas in the city, as part of a government program aimed at replacing some human crime-fighters with machines.  Dubai Police wants the unarmed robots to make up 25 percent of its patrolling force in the near future.
 
Clad in the colors of the Dubai Police uniform, the life-size robot, which can shake hands and perform a military salute, is part of a plan to use technology to improve services and security ahead of Dubai hosting Expo 2020.  These robots can work 24/7. They don’t require leave, sick leave or maternity leave. They can work around the clock,
 
The first automated policeman in the Middle East, the robot on wheels is equipped with cameras and facial recognition software. It can compare faces with a police database and flag matches to headquarters. It can read vehicle license plates and its video feed can help police watch for risks such as unattended bags in popular areas of Dubai, a financial and tourism hub.
 
Members of the public can also talk to the robot to report a crime or communicate with it using a touch screen computer embedded in its chest. Most people are not nervous about talking to a robot and some prefer it.  New generations who are using smart devices love to use these kind of modern tools.

Tuesday, June 20, 2017

Victor Dominello inspires at a pre budget breakfast

NSW Finance Minister, Victor Dominello shared with  us the 7 D's, at a pre-breakfast NSW budget launch (where the government posted a $4b surplus, wiped out debt and has budgeted massive spending on developing infrastructure, education and health)... saying that to survive and thrive, we need to make sure we take a grasp of the technologies that will drive us to 2050 and beyond.

 

  • Data - knowledge and big data is key. Your decisions should be  evidence based 
  • Digital - you need to be in 21st century
  • Direct -  things need to happen in  real time 
  • Display - present it in an easy way - display tools - make it easy to digest knowledge
  • Dissection - analyse it - operationalise those insights 
  • DNA - culture - needs to be in 21st century - or you will be left behind quickly
  • 3rd Dimension - mobiles will be toast,  its  2 dimensional  - you will have glasses or contacts - giving you a 3D - augmented reality experience. digital morphing - where we will be unable to distinguish what is digital and what is real. This is the future - and we (our government) should embrace this and be at the forefront of this wave. 

It's great to see that our NSW government has a solid vision, with the motivation , authority and desire to invest in innovation and adopt cutting edge technology. 


 

As a Shareholder and Director of BSI and a number of Innovative Startups, I believe that  this is the sort of leadership and direction that will provide a massive boost to our Country.






Monday, June 19, 2017

How common is a successful intergenerational family succession plan?

Entrepreneurial family businesses

The demographic reality for most family businesses is that the business created and then bequeathed by generation 1 (or G1) has to continue growing to support the needs and aspirations of a larger family in G3. But, you may ask, why would a family business bother when it is regularly claimed that all of them are doomed to go from clogs to clogs or shirtsleeves to shirtsleeves in three generations?

Damned clichés

It is odd that ‘clogs to clogs’ is regularly trotted out as evidence of the vulnerability of family businesses. Really? Three generations is roughly 100 years. Few, if any, entrepreneurial start-ups will last this long and many listed companies will cease to exist during this period. If longevity of a particular business is so important, most family owned businesses will outlive their competitors. 

Can families breed entrepreneurs?

We may as well try to start at the beginning and look at the difference between sculptors and gardeners, as parents.

The sculptor has ambitions for the child and will do all he or she can to guide and form the child so that they turn out in a way that complies with the sculptor’s design. In comparison, a gardener tries to cultivate the child, caring for its roots, and with a bit of careful pruning from time to time waits for the right season in that child’s existence for the flower to appear.  A gardener doesn't expect a flower to emerge just because he or she orders it to do so.

The argument is that gardeners are more likely to breed entrepreneurs than sculptors. Gardeners allow space for the child to develop, no matter how occasionally exasperating this is. They acknowledge that life involves making errors that cannot all be avoided by careful planning, due often to factors beyond the gardener’s control. Meanwhile the sculptor is busy trying to mould the heir or heiress and for understandable reasons help them to avoid any of life’s pitfalls that do not serve the goal of achieving the sculptor’s desired outcome.

Gardeners, in other words, are more of the view “go out and see if you can make it”, whereas sculptors tend to the view “see what I’ve made you in to.”

Backing the talent in your lineage

After a family business has passed through the start-up phase the challenge becomes how to maintain an entrepreneurial attitude, when at the same time trying to run a maturing business.

One way of doing this, if resources allow, is to set up a new venture fund to support family members who want to start a new business. Family members can be encouraged to present business plans and whoever is in charge of the fund (family members, advisers, experienced business people) decide which to back, much as would happen with a conventional private equity or business angel fund.

Usually investments will be made on broadly commercial terms, maybe a bit softer to reflect kinship bonds, but the key driver for many families is to encourage entrepreneurship by backing the talent in their lineage. In so doing they are also wise to the fact that this can lead to successes that diversify the family’s wealth, thereby managing the risk of families having too many eggs in one business basket.

Don’t overlook history

Families who create great dynasties over generations are good at telling the next generation the stories of past success and failure. The key here is to focus on how each generation has contributed to the story of the family’s continuing entrepreneurial success. This encourages the next generation to take up the challenge of becoming the authors of the next chapters of the family’s continuing story of entrepreneurship.

This approach, however, is in stark contrast to the accounts of entrepreneurship that venerate the greatness of individuals, who are blessed with talents that are beyond other mere mortals. In a family business this comes across to the next generation as ‘you’ll never be as good as your ancestors, so why bother?’

Other things that get in the way


Entrepreneurs take risks that carry the imminent risk of failure. While it is understandable for families to create structures, like trusts, to preserve wealth as it passes down the generations, the idea of preserving what we have is inconsistent with taking the type of entrepreneurial risks that created the business in the first place. So the final word is a warning to be careful about using risk averse structures if the family’s aim is to continue being entrepreneurial.

Saturday, June 17, 2017

7 Industries that will boom in the next decade

HERE’S WHERE THE BIG TECHNOLOGY-DRIVEN OPPORTUNITIES WILL BE OVER THE NEXT SEVERAL YEARS.

Everyone’s looking toward the future, eagerly anticipating what promises to be a long line of innovations due to rapidly evolving technology. Consumers know these inventions will change the way they work and play. Not only will they make some aspects of life easier, they could quite possibly empower people to do more with less money. 

This means that, on a wider scale, many fields will see serious growth. And with growth comes opportunity.

Here are seven industries that are most likely boom in the next 10 years thanks to advancements in technology.

1. The Internet of Things

The Internet of Things (IoT) has forced manufacturers to rethink the way their products function. This will continue over the next several years, as everything from refrigerators to toasters become more sophisticated. Even children’s toys will eventually utilise  IoT technology to entertain, educate and even keep kids safe. For example, tablets made for toddlers may  let you monitor your child from the other side of the house through the device’s camera while they’re learning to spell. 

2. 3-D Printing

As retailers compete to get products into the hands of consumers quickly, a new type of technology stands to change everything. 

Once 3-D printers go mainstream, consumers will be able to select and manufacture the items they want, reducing the need to ship the item to them. This also brings custom design into play, allowing consumers to personalize an item like clothing or jewelry, then print it out immediately.

3. Finding Trust in the Sharing Economy 

In the past few years, consumers have embraced services such as Airbnb and Uber, creating opportunities for themselves and the many workers who provide these services. Consumers will continue to seek services this way, but it will also be important for businesses to build trust by adding protections for both their customers and contractors. 

Once those are strongly in place, these services can continue to grow. The sharing economy will continue to spread into other markets or industries, such as services in which people may be able to offer or trade skills with each other.

4. Wearables in Health Care

Technology will take health care in exciting new directions over the next decade, thanks in large part to devices such as health trackers. Instead of merely counting steps and monitoring heart rate, sensors will be able to track glucose levels and detect signs of cancer, while also allowing elderly patients to stay safely at home. 

This in many cases will allow medical professionals to focus less on diagnosis and more on finding the best courses of treatment.

5. Virtual Reality

Today’s consumers may think of virtual reality (VR) in the gaming and recreation context. However, there are real-world applications for the technology, especially in training. The technology is already being used to train medical professionals, giving them hands-on experience in a medical school setting. Once a professional is fully trained, VR can help them experiment with new surgeries or get a better look at certain tissues to create improved treatment.

Beyond the medical field, all kinds of ideas are emerging about how we may use VR in the coming years. Whether we’re doing our day-today office work using virtual reality glasses that let us interact with a virtual office, or even relive actual physical experienceswe’ve had in everyday life, the future is exciting and definitely a new frontier.

6. Connected Schooling

The Internet has opened up a wide range of opportunities for education systems worldwide. 

In the coming years, classrooms will use technology like videoconferencing to access resources outside of their physical location. Students also will have access to more personalized learning, thanks to apps and connected classrooms. 

For example, already there are companies producing apps that integrate teacher lectures onto tablets, allowing students to watch brief videos or take short quizzes during the day’s lesson.

7. Digitized Hospitality

Travel is already becoming easier for consumers, with many hotel chains automating check-in. Apps will increasingly become tightly woven into the hotel experience, with consumers using their smartphones to check in, access their rooms, and request services. 

Customer relationship management (CRM) software and marketing automation will increasingly help hotels send you personalized messages. The underlying theme for the future here is that the hospitality industry is working to make its relationships with customers more smooth, informed and beneficial to both sides.

For every industry, user experience will be a top priority as companies strive to win long-term customers. Through the use of technology, businesses can create experiences that flow seamlessly, making the lives of consumers and business owners far easier. The end result is that to remain competitive, businesses will need to invest in order to take advantage of new technologies and come up with innovative ways to deliver products and services to their customers.

Why I disrupted my Role and you should do the same


 

Written by Lance Rubin, CEO and Founder of Model Citizn.

BACKGROUND

12 months ago I became the CFO of a Fintech startup called Banjo, whilst launching my own financial modelling consultancy firm Model Citizn.

It was a perfect match. Banjo only needed a few days a week, sometimes all week, sometimes once a week and I was starting a new business from scratch so had no idea what demands would be made on my time.

However, as my clients grew even a fully dedicated single day a week with Banjo became a challenge for me whilst I was needing to support multiple clients on an adhoc basis.

Being available for my clients at the drop of a hat is every client’s dream consultant but having a permanent part time role was making that dream somewhat unrealistic. Not being able to flex my time was a challenge.

I had both client demands and CFO responsibilities which I needed to deliver on.

WHY DID I MAKE 75% OF MY OWN ROLE REDUNDANT?

I really had no other option but to disrupt my own role and automate my tasks from 2–3 days a week to 2–3 days a month.

I simply couldn’t (and didn’t want to) step away from the CFO duties (which included cashflow modelling, credit modelling and reporting, valuations and assisting on debt and equity raising). I was determined to make my business a success whilst building a portfolio career and growing clients.

Banjo was the best place for me to experiment and it worked like a dream for both of us.

I realised by disrupting my own role it gave me the opportunity to tell the story to clients and help others who were afraid of exploring it.

Being part of the transformation is a learning opportunity which can help you and others do more interesting work whilst creating more value for your employer and most importantly yourself.

Whether we like it or not robots are going to have a profound impact on all key finance processes, posing a threat to those that don’t embrace it, but creating many opportunities for those that do. For example the key finance reconciliation/control processes (e.g bank recons) and basic/standardised management and financial reporting, which is largely still manually performed today. This is driving a big demand for automation skills for key finance processes (hence the rise in demand for financial modelling) and more valued advice in relation to accounting matters and future business performance and less focus on the preparation of historical results.

RELEVANCE FOR THOSE IN FULL TIME JOBS.

At this point you’re probably wondering how this post is relevant to someone in a full-time role.

It’s very relevant. The journey of automation and disruption throws up new opportunities that simple aren’t evident or intuitive in your current role. The natural reaction is to perceive it as a threat, when it’s actually an opportunity (assuming you are willing to adapt).

If you think that your role isn’t going to be impacted, read the 13 future trends that will shape business and society, then perhaps you need to stay closer to reality. Having worked in the corporate world for close to 20 years it’s easy to lose track of what’s really happening outside the 4 walls of a skyscraper.

WHAT TECHNOLOGY WAS I USING?

Given the strategic and highly-customised nature of my CFO role at Banjo, Microsoft Excel provided the most powerful and flexible solution, but very time intensive. I had researched a number of technology applications for automation but nothing is quite like an Excel based content management system in Modano.

Excel is still one of the largest software packages used in the world due to its powerful flexibility. This means as business conditions, laws and your strategy changes so can your Excel model.

Modano (an Excel Add-In) is enabling people to share content, automate financial modelling and systemising spreadsheet processes, as it did for me.

Banjo was one of the first fintechs in Australia to implement Modano’s dynamic rolling (actuals updated each month) 3-way financial modelling and content management technology for Excel.

The deliverables where not straight forward including cashflow modelling (fund/trust and management company), valuations, debt covenant reporting and board reporting including break-even analysis, all completed in a couple of days after each month end cycle.

Implementing this type of technology, amongst other automated processes, is the essence of the tech in fintech and why traditional business models are under threat. This can flow onto job losses as those traditional businesses must maintain cash and preserve profits.

WHY SHOULD YOU DO IT TO YOURSELF?

Most importantly it’s better to be part of the journey than merely a passenger to the process.

There is a major risk for passengers / employees desperately holding onto the security of full time jobs.

Security and full-time employment doesn’t exist, in case you missed the newsflash. Traditional businesses faced with disruption and falling revenue have no option but to reduce cost.

This isn’t going to change, just see the CEDA research (which is already almost 2 years old at the time of writing this). More than 5 million Australian jobs will be gone in 10–15 years. Whilst this isn’t going to happen overnight the change has already started.

Can you think of what will happen if someone got rid of 75% of the work you did today (as I did to myself), what will you do? Rather than waiting to face that fact, act now.

There will be 3 million truck drivers in the US displaced by driverless trucks, like Uber which completed its maiden delivery of beers.

The tighter full time employees shut their eyes, the safer they think they might be. This is not only flawed but the rate of change (in the real world) is accelerating and time is running out on missed opportunities that are right in front of you today.

If this hasn’t convinced you let’s summarise the pros and cons of actively driving disruption in the work place.

PROS / CONS (IF YOU’RE STILL NOT CONVINCED)

Pro

  1. There is an opportunity to influence and guide the automation process so that you can use it as a proof point in your career, making you more marketable.
  2. You have the opportunity to be a leader within your organisation to drive change and thereby increase your chances of retaining full time employment (if you want it).
  3. “Free” practical training on the latest tech solutions in the market by being part of the pilot/project team.
  4. Might open up new career opportunities or business ideas. This was certainly the case for me. The software company might actually approach you for help if you do a great job. Alternatively, you could help a range of clients achieve similar efficiency as their VCFO.
  5. If you are bored with your current role it’s an easy sell without telling your boss you hate your job.

Con

  1. You are living in the delusional state of comfort that a full time job won’t change and is secure. I was certainly caught in this for a number of years.
  2. The average tenor in roles has dropped significantly. If you don’t change someone will do it for you exposing you to the harsh reality of unemployment with no plan. It’s not a matter of if this will happen, but when.
  3. When it does come time to change jobs or careers you would have missed out on learning new skills. Others that haven’t missed the opportunity and who might also be applying for the same jobs you are , will be clearly favoured.

The workplace is changing in many different facets, if you don’t change with it you will be left out in the cold needing to change anyway, but without a job. Think now and act.

PRACTICAL STEPS YOU CAN TAKE TODAY TO GO ON THE JOURNEY.

If you are working on a spreadsheet-based processes (which is still a very large proportion of corporate tasks) then you should consider the following:

  1. Is your spreadsheet easy to navigate and understand? Is there a process document or some sort of structure to the logic? If no, then suggest you work on that first. Resisting tidying up the complexity in your spreadsheet isn’t going to save you from disruption. I already use technology that helps decipher spreadsheet content and even the most complex formulas without talking to someone. I have previously extracted business logic from 26 bespoke spreadsheets of a large multinational company without talking to any of the spreadsheet creators. It’s only a matter of time until someone does the same to your spreadsheet based process. Handing over your spreadsheet process creates capacity for you to learn new skills like financial modelling for dynamic decision making.
  2. Do you follow some sort of spreadsheet standard or compliance like consistent formulas horizontally and no random hardcoded numbers in formulas. If not take a look at Best Practice Spreadsheet Modeling Standards.
  3. Do you know if you have any errors in your spreadsheet? Have you created error trapping or prevention with flags and alerts or data validation? We all make errors, it is just a question of how many and how big the impact might be, not if they exist.
  4. Is your spreadsheet being used on a regular basis to absorb new and updated information? Is this easy to follow and replicate via form controls like dropdown boxes and in cell data validation lists? Can it be broken down into a simple copy and paste process? If it’s well-structured almost all spreadsheet processes can come down to just a copy and paste process which is a very short step away from complete automation.
  5. Once it’s been left to a simple copy and paste process then using Macros written or recorded you are there. You also now have the opportunity to look at a range of other RPA (robotic process automation) software. Modano still remains the best automation software for rolling integrated 3 way models in Excel.

Don’t be afraid to take that initial step yourself. It’s far scarier and it will knock you far greater when someone throws you overboard or under the bus.

Grab a lifejacket today whilst there are still some left hanging in front of you, there ain’t enough to go around for everyone.

Stay tuned for the rest of the 3-part series of posts to find out about more about the opportunities you can explore.

Follow up posts will explore some of the opportunities in more detail.

Alternatively, reach out to Model Citizn to explore how we can help you automate, streamline and leverage some of the latest technologies.

We also offer training and workshops to help support your staff to develop these skills.

Subscribe on our website to keep in touch.

 


What are your 3 must read books ?

Courtesy of Kimberly King 

Website http://kimberlyking.org 

Here's a list of the 3 books Stanford is asking incoming freshman to read over the summer. 

What would your list of "The Three Books" be (either for incoming freshmen, or in general)?​




Beyond The future of work - towards 2050

Join us as a guest at the next BBg forum to be part of this conversation


 

Responses 


Lee Patrick


Hopefully it will be an integrated approach that ensures the government and the people of Australia begin to support Australian made. If we have little production, manufacture, agriculture, aquaculture,  Australian based retail etc. , no amount of skills adaptability and sociability is going to help. Personally I don't see future proofing a career as a possibility at this point - would love to attend the talk today.  Go well Bernard.


Ivan Kaye response - Lee , if these manufacturing jobs can be automated, wouldn't it be more productive for a human to be adding value to another human , or learning , or doing something that he or she was passionate about? 


I believe there will be many roles that are yet to be defined that people will be able to do to become productive. 



Olivia Pennie

Without a white board to scribble on, here's how we look at it @ BEcoME.

The skills needed to thrive in a constantly changing world of work will constantly evolve.  


Some of the skills will change rapidly and become redundant very quickly e.g. specific technical skills related to one role.  Some of the skills will be more portable, relevant to more roles and slower to change as they are the enterprising skills that allow people to work well in many of todays (and as far as we can see) tomorrow's environments e.g. collaboration, creativity, critical thinking.  (See FYA New Work Mindset Report for great detailed analysis).


Adaptability, self knowledge and the skills to navigate a life of learning and course adjustments sit above all of these and help you direct your own path.  


We focus specifically and explicitly on this.


The complication and confusion comes, (I think) because adaptability and a design thinking approach are also a core part of STEAM when it's done right.  

Absolutely agree that if STEM is delivered as teaching all kids to code then it falls way short of what they're going to need.  


Reply to Olivia 

Olivia Pennie (née Hall) Bernard Salt AM Some delineation or definition might help here:


1. ‘Fact-based’ skills – many with an empirical base – that are learned in the classroom, lecture theatre and by exam: generically >‘hard’<. STEM is a relatively easy example to illustrate, but e.g. languages, literacy and numeracy should feature.


2. ‘Personal tool kit’ >soft attributes< such as sociability, adaptability or resilience that are more shaped by experience, peer groups, mentor influence, etc. and can’t generally be formally studied.  


Just a non-white board shared thought bubble 



Jason Furness


Adaptability and sociability become much less important really quickly if the power system fails, the sewage system ceases to exist, office buildings and houses are structurally unsafe. STEM is essential to a societies continued existence.


I believe that STEM and skills are critically important for people to "learn" - however , the focus at school and an undergrad in my view , is the ability to "learn to learn" . 


Ivan Kaye comment - Stem and task related skills - much of which will be augmented or indeed replaced by machines - are still key, but maybe the best place to learn these skills is "on the job" or "in the role". 


Heather Mcgowan and Chris Shipley presented at our first "conversation" on "beyond the future of work - beyond 2050" and they pointed out the need to change the paradigm of our learning system.


Before the way we lived and worked was 

Learn - do (in a job ) - Produce - Retire

And a human would ideally have 1 job all his or her life.


Nowadays the average Australian Millennial will have 14 jobs over his or her lifetime - and they will need to be upskilled throughout their work life. 


The model needs to change to


Learn to learn - learn/work - produce - learn/work/produce - produce x 14 


I believe a key foundation to the future of work is Vocational Education (VET) 


And "Jobs" should be replaced by "Roles"


Over the next 6 months - we are having a series of conversations on the future of work - and the importance of HR personnel to "lead" the future 


Let me know if you want to be part of the conversation and I will send you an invite to our forum. 


Reid Moule 


Agreed.  So if we teach how to be resilient and how to adapt as a part of teaching computational thinking, because this is the basis of STEM or STEAM, then we are also teaching the process that can be regarded as the scientific method because it is a series of steps to evaluate an outcome.  The scientific method is a process (hypothesis, method/materials, data, discussion, conclusion) in the same way that the Engineering cycle is a process and the Design Cycle is a process.


Dr John Blakemore


Bernard, we need both. You can't intelligently communicate with a mathematician if you can't be logical and understand maths


Dr Nick Somolov


Barnard, I have limited social skills and have been considered by many to be "Scottish" in my conduct - read in it what you like. But I resolved that future of the employment is in owning your own business particularly by STEM people otherwise they become "battery chickens" of science and are "culled" by age 35 as I experienced in CSIRO. My company  is now producing one and only high quality fibre worsted comb in Australian history. Future of work is in Scottish FU CSIRO or large gov orgs (exclude defense  orgs ) that exploit science and engineering people ( making future career an MBA option )  - most engineers & scientist  ( one and the same ) should operate as  "law partnership" in a consultancy on all levels - that is the Future.  Even the most average engineer and scientist understands a company bottom line  but most MBA's find it hard to understand the science behind new products or software... let the MBA fight over our crumbs.  Let the scientist and engineers create the world of tomorrow on their terms. 


Reid Moule 


It has always been these skills.  I can remember wondering why someone with these skills and no degree was higher in the ladder in a government department. than another who was much more qualified...and...the answers is...


Steve Southon


Agree Bernard Salt AM and think personal resilience will also play a big part as working environments change around us


Luke Marshall


Stay 'relevant'...whatever that takes


John Bradshaw


 We all have a lot to learn, but one conclusion is abundantly clear:  in a time of rapid technological and social change, we need to innovate to promote inclusive economic growth that helps everyone move forward.  This requires a shared responsibility among those in government, across the private sector, and by individuals themselves.


New technologies like 3D design modelling and simulation,  virtual and augmented reality assembly and training devices, new services like metrology and laser scanning and new tools ,robotic processes and new outward facing soft skills in language, foreign culture, and social media all undoubtedly help individuals develop new abilities and connectivity with new jobs in design /manufacturing and sustainment. 


Unfortunately our governments collectively have failed to articulate and demonstrate to date that the innovation agenda and the business and research models of our research institutes and universities are in any way inclusive ones.    

Promotion of the STEM agenda in Australia is instead focused around University education when in fact over 30% of STEM education is actually delivered in vocational training  for Trade Apprenticeships and Technician ships, 




Friday, June 16, 2017

These are the 25 most attractive employers on earth, according to LinkedIn


 

Job seekers around the world agree on one thing: Google's parent company, Alphabet, seems like an awfully appealing place to work. 

The tech giant places first on LinkedIn's 2017 Top Companies Global List, which highlights the 25 companies whose teams employees everywhere would most like to join. It also reigned atop LinkedIn's ranking of the most attractive employers in the U.S.

To determine this list, LinkedIn's data team analyzed billions of searches by the site's more than 500 million members, considering views of and applications to job postings, engagement with the company on LinkedIn and the number of employees that stay with the company for at least one year.

LinkedIn did not consider itself, or its parent company, Microsoft, for this list.

As usual, a number of tech industry headliners claim spots in the ranking, but the list also represents a broad range of companies from industries including professional services and consumer goods.

Read on for the 25 most attractive employers around the world: 

25. GE

UK GENERAL ELECTRIC
Simon Dawson/Bloomberg | Getty Images

Number of global employees:  350,000

GE offers eight different leadership programs, which provide recent college graduates training in areas ranging from engineering to human resources. Roughly a quarter of the company's current senior management completed one of GE's leadership programs

24. Adobe

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Chip Chipman/Bloomberg | Getty Images

Number of global employees: 15,000

Adobe offers job titles as creative as its products, including Principal Artist-in-Residence, People Scientist and Vice President of Creativity. The company emphasizes that to be successful, employees should have a "learn-it-all" attitude.

23. Schneider Electric

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Marlene Awaad/Bloomberg | Getty Images

Number of global employees: 144,000

Headquartered in France, Schneider Electric wants to increase sharing of skills and knowledge among its employees. Schneider's Global International Mobility Center facilitated 400 employees moving to new countries to work for the company last year. 

22. EY

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Number of global employees: 250,000

One of the accounting industry's "big four" firms, London-based EY currently has a quarter of a million employees, and expects its global headcount to reach 300,000 by 2020. In Germany, the country has introduced a refugee internship, offering four months of training to participants, who work with a mentor and are offered full-time employment following the program. 

21. Accenture

Accenture CEO Pierre Nanterme
Chris Ratcliffe/Bloomberg | Getty Images
Accenture CEO Pierre Nanterme

Number of global employees: 401,000

The global professional services firm offers 16 weeks of maternity leave and eight weeks of primary care leave. Further, Accenture provides free breast milk shipping for new mothers who travel as part of their role, or the option of as much as one year of local work following maternity leave. 

20. PepsiCo

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Number of global employees: 264,000

PepsiCo brands like Lays, Gatorade and Tropicana are available in upwards of 200 countries around the world. Recently, the company has honed in on creating healthier products, increasing research and development spending 45 percent over the past six years

19. Deloitte

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Number of global employees: 244,400

Employees of the auditor and consultancy have the opportunity to transfer to 150 countries where Deloitte has offices or teams — more than 6,000 employees took advantage of the option last year. The company's leadership training center, Deloitte University, has campuses in the U.S., Singapore, Belgium, France, India and Canada. 

18. IBM

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Number of global employees: 380,000

IBM uses its own technology, Watson, to enable the hiring process and pair resumes with relevant open positions. 

17. Johnson & Johnson

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Number of global employees: 126,000

Johnson & Johnson is made up of 275 companies around the planet and has nearly 130,000 employees, but the company's decentralized structure means that each of its subsidiaries has the independence to develop strategies that best serve its market.

16. The Walt Disney Company

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MN Chan | Getty Images

Number of global employees: 195,000

Disney employees get free passes for themselves and family members to the company's theme parks, and trainers on the Disney English team use stories and characters from the company's movies to teach English to children in China. 

15. Unilever

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Daniel Acker/Bloomberg | Getty Images

Number of global employees: 169,000

Got a taste for tea? The global consumer goods juggernaut employs a "Tea Expertise Director." The role entails leading employee tours through tea plantations and tasting more than 1,000 cups of the beverage each day. 

14. Siemens

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Sean Gallup | Getty Images

Number of global employees: 350,000

Siemens has cracked the code on employee retention: According to LinkedIn data, Siemens workers stay with the company 8.6 years, longer than the average employee tenure of any other company on this list. 

13. Oracle

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Number of global employees: 135,000

In August, Oracle broke ground on a public charter high school on the campus of its headquarters, and in the most recent fiscal year, the company reused or recycled 99.5 percent of the electronic waste it generated

12. Tesla

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Bloomberg | Getty Images

Number of global employees: 30,000

Tesla is now the most valuable U.S.-based automaker, with a $62 billion market cap and nearly 2,500 jobs open around the world. The company isn't turning a profit yet, so employees miss out on a lot of the perks often associated with the tech industry. But there's hope: In an email to staff, CEO Elon Musk recently announced that free frozen yogurt and an "electric pod roller coaster" will soon be part of Tesla's office landscape. 

11. Cisco

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Justin Sullivan | Getty Images

Number of global employees: 73,000

Cisco employees receive five days off beyond their vacation time each year to devote to volunteering, an initiative that's clearly been a hit — last year, employees put in 227,000 volunteer hours. 

10. Dell Technologies

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Ralph Orlowski | Getty Images

Number of global employees: 145,000

Dell offers employees a great deal of flexibility, including working from home, adjustable hours and the option of bringing your dog to work. More than 40 percent of the company's hires are referred by current employees, a strong vote of confidence in Dell's organizational style. 

9. L'Oreal

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Balint Porneczi/Bloomberg | Getty Images

Number of global employees: 83,000

L'Oreal has 36 brands in 140 countries and has a strong focus on those at the entry level: Roughly one third of the company's hires last year were recent graduates, and the cosmetics giant's current CEO started as an intern with the company in 1978.

8. LVMH

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Brendon Thorne/Bloomberg

Number of global employees: 135,000

Nearly three quarters of management positions at the iconic luxury brand — which spans sectors including fashion, perfume, cosmetics, jewelry and wine — are filled with internal candidates.

7. McKinsey & Company

McKinsey employees gathering during a lunch break
Source: McKinsey
McKinsey employees gathering during a lunch break

Number of global employees: 25,000

About 40 percent of McKinsey consultants take on at least one international assignment each year. The global consultancy offers employees the chance to take as much as 10 weeks off between projects.

6. Salesforce

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Number of global employees: 25,000

Salesforce continuously audits employee pay "to ensure equal compensation across gender, race and ethnicity," and recently introduced six months of parental leave for primary caregivers in the U.S. 

5. Apple

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Zhang Peng | Getty Images

Number of global employees: 110,000

Apple offers employee stock grants to all its workers, including part-time and retail employees, and a little more than one-tenth of its retail workforce turns over each year, compared to 80 percent industry-wide. CEO Tim Cook has said that he plans on doubling Apple services like iTunes and Apple Pay over the next four years. 

4. Uber

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Anthony Wallace | Getty Images

Number of global employees: 12,000

The ride-hailing company has had its share of negative headlines lately, and CEO Travis Kalanick announced on Tuesday that he'd be taking a leave of absence. Still, though applications dipped slightly after ex-employee Susan Fowler's explosive blog post, year over year, views of postings and applications to open positions on LinkedIn are up 35 percent

3. Facebook

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Number of global employees: 17,000

Facebook boasts 1.9 billion active users every month and is constantly on the hunt for the talent to help it grow its reach. "When you enter our buildings," says CEO Mark Zuckerberg, "we want you to feel how much left there is to be done in our mission to connect the world."

2. Amazon

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Lisa Werner | Getty Images

Number of global employees: 341,400

"The everything store" collected three Oscar trophies for its programming, introduced Prime video in India and delivered a package in the U.K. via drone — all in the past year. "We take risks and make big bets," Amazon told LinkedIn, "and when we fail, we apply the lessons learned and keep moving."

1. Alphabet

Google Inc. APAC Headquarters, Singapore
Ore Huiying/Bloomberg | Getty Images
Google Inc. APAC Headquarters, Singapore

Number of global employees: 72,000

Google's parent company keeps employees engaged with cutting-edge opportunities: Upwards of 27,000 of the company's employees work in research and development, an area that Alphabet poured almost $14 million into last year. According to LinkedIn, it's "the opportunity and resources employees are given to tackle massive problems, stretching from creating self-driving cars to impeding extremism" that puts Alphabet on top.