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Monthly Archives: November 2020

Dear participant

As business students, we are embarking on an adventure – to discover this complex VUCA world.

Why do people say data is the new gold or the new oil? Oil has been in the ground for thousands of years. But until humans know how to tap it, the oil is useless.

So too with data. Today with supercomputers to tap the data, we have the birth of data analyst and the tools used, namely the Data scientific method.

Data scientific method:

  1. Ask a question.
  2. State a hypothesis about the answer to the question.
  3. Make a testable prediction that would provide evidence in favor of the hypothesis if correct.
  4. Test the prediction via an experiment involving data.
  5. Draw the appropriate conclusions through analyses of experimental results.

Knowing what question to ask is the first step because it helps clarify where the problem is. In BMGC, learn to understand the questions, they are handles for you to find the solution.

Dont memorise the answers because that can change.

The famous scientist Einstein was once asked why he set the same questions every year for final exams. To which he replied, the question is the same but the answers have changed. This is where data comes in. Data helps us know the answers have changed.

But first, learn the questions.

*CORPORATE JOKE*

Agency: ” Sir, we found 3 candidates as per your requirements. How do you want their placements, sir?”

MD: “Put about 100 bricks in a closed room. Then send the candidates into the room and close the door, leave them alone and come back after a few hours and analyse the situation:

1. If they are counting the bricks, put them in Accounts department.

2. If they are recounting the bricks, put them in Auditing.

3. If they messed up the whole room with the bricks, put them in Engineering.

4. If they are arranging the bricks in some strange order, put them in Planning.

5. If they are throwing the bricks at each other, put them in Operations.

6. If they are sleeping, put them in Security.

7. If they broke the bricks into pieces, put them in Information Technology.

8. If they are sitting idle, put them in Human Resources.

9. If they say they have tried different combinations yet not a single brick has been moved, put them in Sales.

10. If they have already left for the day, Put them in Marketing.

11. If they are staring out of the window, put them in Strategic Planning.

And…

12. If they are talking to each other and not a single brick has been touched, Congratulate them and put them in Top Management.

(NB: Jokes I received. If you wrote these jokse, let me know and I will happily attribute you as source.)

Note to self

How useself are selection tools or profiling instruments in recruitment?

I first read this story in Readers Digest and recently found it in this blog. To me its a story of practical faith. Sometimes I wonder how much I try to help God when Im asked to let go. This story is about 2 sides of a coin. Trusting God is also about taking action and how supernatural and natural coexist. I used to live in Bangkok when it floods in December and we had to take little boats so this story appealed to me.

A man was stuck on his rooftop in a flood. He prayed to God for help.

Fishing village in Yilan, Taiwan 2019

Soon a rowboat came by and the fellow shouted to the man on the roof, “Jump in, I can save you.”

The stranded man replied, “No, it’s OK, God is going to save me.”

So the rowboat moved on.

Then a motorboat turned in, the fellow in the motorboat shouted, “Jump in, I can save you.”

The stranded man replied, “No thanks, I’m praying to God and he will rescue me. I have faith.”

So the motorboat went on.

Then a helicopter came by and the pilot shouted, “Grab this rope and I will lift you to safety.”

Again, the stranded man replied, “No thanks, God is going to save me. I have faith.”

So the helicopter flew away.

Soon the water rose above the rooftop and the man drowned. He went to Heaven. He finally got his chance to meet God. He exclaimed, “I had faith in you but you didn’t save me, you let me drown. Why!”

God replied, “I sent a rowboat and a motorboat and a helicopter to help you, what else did you expect?” James 2:14

Note to Self

What new habits and goals can I set for 2021?

https://truthbook.com/stories/funny-god/the-drowning-man

#story #fable #readers digest

In BMGC, we discussed companies such as McDonalds adapting their menus for different religions (Culture), such as not having beef burgers in India where cows are holy and Hindus do not eat beef.

Tomorrow is the Hindu celebrations of Festival of Lights. Yesterday, I was at Dunlop St, Little India and took a photo of this beautiful dancer wall mural. Interestingly a box of paneer (cheese) sits at the bottom of the photo.

Happy Holidays as you look around Singapore to catch sight of how companies both MNEs and local companies create value.