Saturday, April 24, 2021

The New Digital Era

 “We can’t only hire superstars. We also have to create them and enable them. It’s a huge leadership task and I see it as the number one priority.”................Wolf-Henning Scheider is the CEO of ZF Friedrichshafen


The Fortune 500 List; Since its inception in 1955 only 53 companies remain, that’s just below 11%. All of the others have either gone bankrupt, merged, or have just dropped off the list

We will succeed in the digital era only if we engage with enthusiasm and welcome the ideas and opportunities that digital tools, data analysis, and the concept of legitimacy bring. Technology and AI will free up our time and resources and allow us to focus on the people inside of organizations 

Take the case of Accenture; which automated over 17,000 jobs yet didn’t replace a single employee. Instead, these employees were upskilled and retrained to be more like strategic advisors to assist clients understand the numbers generated by AI.

Take Cryptocurrency; it is powerful because it lets us summon up large pools of capital by collective economic will, and these pools of capital are, at the beginning, not controlled by any person. Rather, these pools of capital are controlled directly by concepts of legitimacy.

The Concept of legitimacy:

In general, legitimacy arises because anything that gains legitimacy is psychologically appealing to most people. 

  • Legitimacy by brute force: someone convinces everyone that they are powerful enough to impose their will and resisting them will be very hard. 
  • Legitimacy by continuity: if something was legitimate at time T, it is by default legitimate at time T+1.
  • Legitimacy by fairness: something can become legitimate because it satisfies an intuitive notion of fairness. 
  • Legitimacy by process: if a process is legitimate, the outputs of that process gain legitimacy (eg. laws passed by democracies are sometimes described in this way).
  • Legitimacy by performance: if the outputs of a process lead to results that satisfy people, then that process can gain legitimacy (eg. successful dictatorships are sometimes described in this way).Legitimacy by participation: if people participate in choosing an outcome, they are more likely to consider it legitimate. 

Note that legitimacy is a descriptive concept; something can be legitimate even if you personally think that it is horrible. 

Defining legitimacy:

Legitimacy is a pattern of higher-order acceptance. An outcome in some social context is legitimate if the people in that social context broadly accept and play their part in enacting that outcome, and each individual person does so because they expect everyone else to do the same.

With the successful debut of Coinbase the guardians of the financial sector are poised to greatly intensify their efforts to regulate the booming borderless cryptocurrency sector.

We must challenge the irresponsible use of technology undermining our societies and democracies.

As we move into a new digital industrial age, we have an opportunity to change course and usher in a more transparent, democratic era of technology. Global technology governance will not be achieved by political actors alone

 – it also requires a grassroots movement in the tech community.

 See You at the Top

Tuesday, March 30, 2021

Creative Client Relationships

True and False are attributes of speech, not of things. And where speech is not, there is neither Truth nor Falsehood..........Thomas Hobbes (English philosopher 1588-1679)

The art of writing and speaking brings clarity, passion and vision to the act of living

Leverage your current client relationships to drive new business by creating a personal and human connection

We have learned that marketing messages need to be personally relevant, aligned to an individual’s situation and values, as opposed to just demographics, such as age and gender. 

EY has identified five different cohorts of consumers:

  • Affordability first (32% of consumers): Living within their means and budget, focusing less on brands and more on product functionality.
  • Experience first (12%): Living in the moment to make the most of life, often making them open to new products, brands, and experiences.
  • Health first (25%): Protecting their health and that of their family, choosing products they trust to be safe and minimizing risks in the way that they shop.
  • Society first (15%): Working together for the greater good, buying from organizations they find to be honest and transparent.
  • Planet first (16%): Trying to minimize their impact on environment and buying brands that reflect their beliefs.

Utilizing customer segmentation and personas can bring deeper insights to media strategies and creative marketing approaches. Better still, these insights can be carried through to inform the full customer journey.

We must use data as the fuel yet respect the craft of storytelling to drive meaningful human connections. 

The data also suggest that the appeal of cash is decreasing as they are expensive to print, manage and store, eventually cash will be replaced by something in digital format. 

A marketing message that offers digital payment option including crypto will connect instantly with your clients

 See You at the Top
https://scroll.cashfxgroup.com

Tuesday, February 23, 2021

Think...

I am not here to think but to be, feel, live............Johann Gotfried Von Herder (1744---1803) German critic and philosopher

As we enter a new decade, we must cultivate our culture and go forward with agility, creativity and a beginner’s mind  




Hope these Nuggets will help you Cultivate a New Normal and keep you Thinking:


  • An immersive workspace is no longer limited to a desk in our Offices; the 9-to-5 workday and the employee experience of meeting rooms and snacks.


  • In a matter of weeks, technologies that once seemed futuristic became part of our everyday lives. The pandemic turned the entire tech jargon into a catalog of solutions that would keep families and friends connected, businesses operational and health care running for patients. 


  • Nations should launch a digital currency – and back it with digital gold. More broadly, champion decentralized cryptocurrencies like Bitcoin and Ethereum to attract international capital, strengthen monetary policy, deter financial fraud, accelerate technological development


  • Technology capitals and financial centers like Switzerland and Singapore have taken positions that are highly favorable to cryptocurrency. The right crypto policy would not cause capital flight but capital landing.

 

  • The World Bank: “Cryptocurrencies and blockchain protocols are part of a tidal wave of new technologies that is changing the way production and commerce are organized.”


  • US Treasury Secretary: “Bitcoin is here to stay” and the “financial industry will adopt the technology underpinning bitcoin.”


  • China is quickly closing the once formidable lead the U.S. maintained on AI research. Chinese researchers now publish more papers on AI and secure more patents than U.S. researchers do. 


  • Any computer brings with it the risk of hacking. This is true of our computers and phones, and it’s also true about all of the Internet-of-Things devices, social media that are increasingly part of our lives. Unconnected options are increasingly hard to find including cars. 


  • We must nurture our freedom every day, and defend our institutions against the corrosive power of hate speech, of disinformation, fake news and incitement to violence. In a world where polarizing opinions are the loudest, it is a short step from crude conspiracy theories


  • While any form of exercise has been shown to activate the brain, when you weigh what activity you can do almost every day, with little preparation, minimal effort, no special equipment, and that can contract or expand to fit the exact amount of time you have available, it’s walking. It is a proven creativity booster


Charles Darwin, Friedrich Nietzsche, William Wordsworth, and Aristotle were all obsessive walkers, using the rhythm of walking to help them generate ideas. 

 See You at the Top
https://scroll.cashfxgroup.com

Tuesday, January 19, 2021

Thriving Thru Challenges

Coughs and Sneezes spread Diseases, Trap the Germs in your Handkerchief ....... World War 2 Health Slogan (1942)
Collaborations are increasingly between humans and machines while most assets and devices are now located outside the old “walls” of the organization. The cybersecurity mesh should enable any person or thing to securely access and use their digital asset, no matter where it is located. 

  A key question for your growth plan: 
• If you were a direct competitor to yourself, what would you do to steal market share? 

  Key Decisions around your Collective Organizational debt: 
• Social debt — Suboptimal activity or a sustained negative impact on the organization’s ability to address social, societal and community issues. 
• Process debt — Suboptimal activity or process that might have some benefits, but generates a sustained negative impact on cycle time, error rates, quality, consistency, complexity or customer experience. 
• Data debt — Lack of, or suboptimal access to, current or accurate data within the demand latency period. 
• Talent debt — Lack of talent (human workers, augmented humans or virtual workers) in either the quantity, quality or ability to scale to fuel optimization or growth. 
• Architecture debt — Suboptimal solutions from an optimized architectural construct. This may lead to security issues, latency and redundancy (in applications, infrastructure, instances, APIs, licensing or subscription costs). 
• Technical debt — Deviation of an application from any nonfunctional requirement. 

  Key information for your investment plan: 
 • London’s population is expected to decline for the first time in the 21st century; there could be fewer babies born in 2021 than in any year since records began. 
• Chip backlog/shortage for technology related industry, Taiwan and South Korea are the global leaders in computer chip production. 
• The Central Bank of Iran was the first central bank to publicly announce bitcoin purchases, In addition to institutional investors, other central banks may begin buying bitcoin 

 Organizations should resolve challenges around integration, security and privacy issues that prevent them from efficiently moving their AI practices from prototypes to production. 

 See You at the Top
https://scroll.cashfxgroup.com

Thursday, December 31, 2020

Extended 2020 Holiday

He that hath pity upon the poor lendeth unto the LORD; and that which he hath given will he pay him again.............(Proverbs 9:17 King James)
Lessons Learned in 2020 will be needed in 2021....Brace Yourself and Tarry with God to Thrive >
Use this Extended Christmas and Newyear Holiday Season to Bond with Family and the Needy Amidst the Covid19 Lockdown......Its been a Tough Year for Many
Invest in some Crypto Currency, it should Witness an Upward Trend https://scroll.cashfxgroup.com
And See You in 2021

Monday, November 30, 2020

Grateful Thanksgiving

Navita de ventis, detauris narrat avator, enunmerat miles vulnera, pastor oves
The seaman tells stories of winds, the ploughman of bulls, the soldier details his wounds, the shepherd his sheep...................Roman Poet 16BC
Grateful Thanksgiving for all survivors of 2020
See You at the Top

Friday, October 30, 2020

The Leap of 2020

Woodman, spare that tree! Touch not a single bough. In youth it sheltered me, And I'll protect it now.............George Pope Morris (1802-64)
Spare 2020; It may have started tough but in the end it would speak good tidings.
From little Wuhan came the Covid19 Pandemic that has ravage over 1 million homes, destroyed businesses and transformed our working/social life to a new zoom normal of social distancing. From Trump White House comes the alternative truth protocols revolving staff turnover and the evangelical/republican delusional bias that establishes John Updike 1932 observation; "America is a vast conspiracy to make you happy" perhaps unhappy.
From Lekki Toll Gate comes a generation of youth protesting for a just cause, hugging the national flag, singing the national anthem then at twilight mudered by the national army
In 2020: One could say; the land has been so devasted, Another could weep; so much death Perhaps;at the end we could find solace in a vaccine, a reformed white house and a regenrated youth
See You at the Top

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