Showing posts with label Non-technical. Show all posts
Showing posts with label Non-technical. Show all posts

Thursday, May 7, 2015

Key Terms in Strategic Management

Most of these terms are used interchangeably and may mean different from one person to another. Based on various sources I read, here's what I think they mean:

Mission - enduring purpose/duty, most important aim

Vision - desired future state supporting mission

Goals / Objectives - what the organization intends to do, an end-game

Strategy
- a chosen path, direction or plan of action, to achieve goal
- involves all or most of the resources within organization
- usually long-term
- usually timeless
- what to do?

Tactics
- way to a achieve sub-goals or implement strategy, tools
- performed by a subset or a specific ___ in  an organization
- shorter to mid term
- may vary depending on some factors like time, environment, etc.
- how to do?

Strategies should consider the tactics and tactical solutions should be aligned with strategies.

Some examples from Jan Zlotnick:

Goal: Be the market share leader in terms of sales in the mid-market in our industry.
Strategy: Remarkable Customer Service
Tactics: Offer lower cost solutions than enterprise competitors without sacrificing white-glove service for first 3 years of customer contracts.

Goal: Become a social utility that earth uses on an daily basis.
Strategy: Love Your Neighbor
Tactics: Offer a free global communication toolset that enables disparate personal interactions with your friends to monitor, share, and interact with.

Execution - implementation

Sources:
http://www.web-strategist.com/blog/2013/01/14/the-difference-between-strategy-and-tactics/
http://www.managementguru.net/key-terms-of-strategic-management/
http://bluesummitstrategy.com/strategy/mission-vs-vision/2007/
http://www.dummies.com/how-to/content/strategic-planning-strategy-vs-tactics.html

Saturday, April 25, 2015

Outline: Talent is never Enough

by John C. Maxwell


When is talent alone enough?

- Talent is never enough. If talent were enough, then the most effective and influential people would always be the most talented ones.
Intelligence, imagination, and knowledge are essential resources, but only effectiveness converts them into results. - Peter Drucker, the father of modern management
- Some tasks are not improved by adding more people.
- More isn't always better, and some things are best done by an individual.
- But there are many tasks that call for talent more than numbers. Like high jumping, they require the extraordinary talent of one person, not the mediocre talent of many.

Putting talent into perspective

1. We should marvel at their giftedness.
2. We should recognize their contribution to society?
3. We should separate what they can do from who they are.

- Talent gives you a head start on others but to keep on being a success, you should keep working on that talent.


Do you have what it takes?

1. Everyone has talent. Find your talent.
2. Develop the talent you have, not the one you want.
3. Anyone can make choices that will add value to talent.
Destiny is not a matter of chance, it is a matter of choice. - William Jennings Bryan

KEY CHOICES TO MAXIMIZE TALENT

1. Belief Lifts Your Talent
-
2. Passion Energizes Your Talent
3. Initiative Activates Your Talent
4. Focus Directs Your Talent
5. Preparation Positions Your Talent
6. Practice Sharpens Your Talent
7. Perseverance Sustains Your Talent
8. Courage Tests Your Talent
9. Teachability Expands Your Talent
10. Character Protects Your Talent
11. Relationships Influence Your Talent
12. Responsibility Strengthens Your Talent
13. Teamwork Multiplies Your Talent

Friday, November 1, 2013

English Grammar Reminders

direct vs indirect object
Direct object is often part of the predicate and is what the verb is being done to. To identify the direct object ask the question: Subject + Verb + What/Whom?
Indirect object cannot exist without direct object. It answers the question: To/For/From whom?
Ex.
She gave some cookies. She + gave + what? >> cookies (the direct object)
She gave the kids some cookies.
   She + gave the kids + what? >> cookies (the direct object)
   To whom did she gave cookies? >> kids (indirect object)

transitive vs intransitive verb
Transitive verbs require direct object while intransitive verb does not.
Ex.
The child broke the glass. >> transitive, without "the glass", the sentence in incomplete
The child arrived. >> intransitive, does not need direct object
The child eats every afternoon. The child eats the cake. >> eats is both transitive and intransitive

I or me
The rules around the use of the pronouns ‘I’ and ‘me’ can be tricky. A simple way to test whether you’re using the right one is to think about whether a statement would still make sense if you removed the other person. You wouldn’t say, “The car beeped at I” so the correct pronoun is ‘me’.

apostrophe
Expressions of time are also known as ‘temporal expressions’. When used in temporal expressions, the apostrophe is placed before the ‘s’ for single units and after for multiple units.
Ex.
I will be 30 in two years’ time.
I will be 29 in one year’s time.

that or which
You can remove the clause containing ‘which’ from a sentence without changing the meaning. ‘That’, however, is necessary.
Ex.
Phones that have cameras are generally more expensive.
My bedroom, which is currently pink, needs painting.

fewer or less
If you can count the number of items (count nouns) use ‘fewer’. If not, you’re probably referring to mass nouns so use ‘less’. Time, money and distance are exceptions – use ‘less’ for these too. So even if you can count how many hours a meeting lasted for, you’d say, “The meeting lasted for less than two hours.”
Ex.
We need less furniture in this office.
Could we get by with fewer desks?

i.e. or e.g.
‘E.g.’ is used to give an example. ‘I.e.’ is used to give more information.
Some animals are really cute, e.g. kittens and puppies.
The primary colours ( i.e. red, yellow and blue) are my favorites.

who or whom
‘Whom’ is used when referring to the object of a sentence. Use ‘who’ when referring to the subject of a sentence. There’s a trick to help you remember: If you can answer with ‘he’, use ‘who’ (e.g. ‘he ate all the doughnuts’). If you can answer with ‘him’ use ‘whom’ (e.g. ‘I saw him at the bar’). Just remember that ‘him’ and ‘whom’ both end in the letter m.
Ex.
Whom did you see at the bar last night?
I can’t think who would have eaten all the doughnuts.

lay or lie
‘Lay’ requires a direct object (e.g. in the sentence above, the direct object is the table) and ‘lie’ does not.
Ex.
Why don’t you go and lie down?
I’m going to lay the book on the table.

bored of, bored by, or bored with
Although ‘of’ is commonly used after ‘bored’, this is technically incorrect. Always use ‘with’ or ‘by’ in formal writing.
Ex.
I’m bored with this.
I’m bored by math class.

may and might
“May” implies a possibility. “Might” implies far more uncertainty.
Ex.
“You may get drunk if you have two shots in ten minutes” implies a real possibility of drunkenness.
“You might get a ticket if you operate a tug boat while drunk” implies a possibility that is far more remote.

farther and further
The word “farther” implies a measurable distance. “Further” should be reserved for abstract lengths you can't always measure.
Ex.
I threw the ball ten feet farther than Bill.
The financial crisis caused further implications.

since and because
“Since” refers to time. “Because” refers to causation.
Ex.
Since I quit drinking I’ve married and had two children.
Because I quit drinking I no longer wake up in my own vomit.

disinterested and uninterested
Contrary to popular usage, these words aren’t synonymous. A “disinterested” person is someone who’s impartial. For example, a hedge fund manager might take interest in a headline regarding the performance of a popular stock, even if he's never invested in it. He’s “disinterested,” i.e., he doesn’t seek to gain financially from the transaction he’s witnessed. Judges and referees are supposed to be "disinterested." If the sentence you’re using implies someone who couldn't care less, chances are you’ll want to use “uninterested.”

anxious
Unless you’re frightened of them, you shouldn't say you’re “anxious to see your friends.” You’re actually “eager,” or "excited." To be “anxious” implies a looming fear, dread or anxiety. It doesn’t mean you’re looking forward to something.

different than and different from
The adjective “different” is used to draw distinction. So, when “different” is followed by a  preposition, it should be “from,” similar to “separate from,” “distinct from,” or “away from.” There are rare cases where “different than” is appropriate, if “than” operates as a conjunction. When in doubt, use “different from.”
Ex.
My living situation in New York was different from home.
Development is different in New York than in Los Angeles.

bring and take
In order to employ proper usage of “bring” or “take,” the writer must know whether the object is being moved toward or away from the subject. If it is toward, use “bring.” If it is away, use “take.” Your spouse may tell you to “take your clothes to the cleaners.” The owner of the dry cleaners would say “bring your clothes to the cleaners.”

affect and effect
“Affect” is almost always a verb (e.g., Facebook affects people’s attention spans), and “effect” is almost always a noun (e.g., Facebook's effects can also be positive). There are some exceptions. “Effect” may be used as a transitive verb, which means to bring about or make happen. e.g., My new computer effected a much-needed transition from magazines to Web porn. There are similarly rare examples where “affect” can be a noun. e.g., His lack of affect made him seem like a shallow person.

irony and coincidence
Too many people claim something is the former when they actually mean the latter. For example, it’s not “ironic” that “Barbara moved from California to New York, where she ended up meeting and falling in love with a fellow Californian.” The fact that they’re both from California is a "coincidence." "Irony" is the incongruity in a series of events between the expected results and the actual results. "Coincidence" is a series of events that appear planned when they’re actually accidental. So, it would be "ironic" if “Barbara moved from California to New York to escape California men, but the first man she ended up meeting and falling in love with was a fellow Californian.”

nauseous vs nauseated
Undoubtedly the most common mistake I encounter. Contrary to almost ubiquitous misuse, to be “nauseous” doesn't mean you've been sickened: it actually means you possess the ability to produce nausea in others. e.g., That week-old hot dog is nauseous. When you find yourself disgusted or made ill by a nauseating agent, you are actually “nauseated.” e.g., I was nauseated after falling into that dumpster behind the Planned Parenthood.

Source:
http://m.staples.ca/sbdca/en_CA/cre/programs/grammarquiz/
http://litreactor.com/columns/20-common-grammar-mistakes-that-almost-everyone-gets-wrong

Tuesday, July 9, 2013

Baking Supplies in Philippines

Sweetcraft Baking and Confectionery Supplies

Address: 373 Boni Avenue, Mandaluyong (in front of Rizal Technological University)
Tel no.: 532-1595
  • items: baking and cooking ingredients and equipment items, available in retail and wholesale quantities
  • tips: don't buy marshmallows

Chef's Nook

Address: 20 Pilar St., Addition Hills, Mandaluyong (corner street of the Honda showroom along Shaw Blvd.)
Tel. No.: 724- 5812
  • cheap: chocolates and nuts are cheaper than chocolate lovers, refrigerated/stored well

Chocolate Lovers

Address of Main Branch: 45 P. Tuazon Blvd. corner C. Benitez St.Cubao Quezon, City 1109 ( use Benitez St, main entrance)
Tel. Nos. 411-7474 / 724-5752 / 724-4964
Address of 2nd Branch: Kitanlad St. cor. Quezon Avenue, Quezon City
Tel nos. 732-8576 / 741-7487
  • items: chocolate compound and nuts, lot of cake packaging materials, cake boards, ready made cupcake toppers, cupcake stands, chocolate moulders, lollipop sticks, baking pans, glycerin, glucose, gelatin, confectioner's sugar
  • cheap: nuts
  • not available: corrugated Boards, big cake boxes, big icing tips

Best Way Merchandising

Address: 691 Sto. Cristo Street, Divisoria (outside Divisoria mall)
  • items: everything, styrophor dummy cakes, edible flowers, candles, cake backdrop
  • cheap: icing gel colors(85pesos/oz), nuts(500-800pesos/kg) and tylose powder (700pesos/kg), packaging materials like rolls of cellophane/or plastic wrapper(150-155 per roll)
  • expensive: baking tools - gourmet writer (800-850 pesos), macaron mat costs 650, cutters, molders, etc
  • tips: for wholesale confectionary sugar of Peotraco brand, it's in Sto. Cristo St. Binondo, for stainless items you can find them in Ilaya Street in Divisoria
  • other stores near:
    Estanislao Trading
        817 Sto. Cristo Street, Divisoria (3rd store right after crossing M. de Santos Street where Allied Bank is)
        Tel.Nos: 241-9541 / 241-9487 / 243-3976    
    Enriquez Multi-Sales (near Allied Bank)
       427 M. de Santos St., Divisoria
       Tel.Nos: 243-3678 / 243-3668
    George Enterprises
       736 Tabora St., Divisoria Manila
       Tel. Nos: 241-8578 / 241-8579

Killion Merchandising

Address: 40 Orosco Street, Quiapo Manila (near Quiapo church)
Tel No. 733-8221, 733-2093
Fax 733-7036
  • items: all baking ingredients except imported ones
  • cheap: packaging materials, flour and confectioner's sugar (cheapest here)
  • tips: long queue, come around 7:20-8:15 am

Nut Store in front of Killion

  • cheap: choco bars, choco molds at lowest prices, also canned fruits, flour, confectionary sugar, ice cones flavoring etc.

Mostwell

  • items: doilies and boxes for cupcakes and cakes, for candles and souveneirs plus plastics

New Sin Kian Heng

Address: 196 Carlos Palanca St. Quiapo, Manila (Right beside Quinta Market in Quiapo, Manila)
Tel.Nos:733-2131/ 733-6871/ 733-6367/ 733-6381
  • items: kitchenwares and baking equipments, lots of pans and molds, kitchen aids to pans, wilton decors, tips, whisks, stoves, ovens, spatulas
  • tips: Goldilocks Cakeshop has been a long time client of their store

The Cocoa Pantry  

Address: 130 Katipunan Road, Saint Ignatius Village QC
Tel No 4976957
Opening Hours
     Mondays to Fridays - 10:00am to 4:30pm
     Saturdays - 10:00am to 6:00pm
  • items: essential baking ingredients and hard-to-find packaging materials

Baker's Depot

Branches:
     - San Juan: 188B N. Domingo cor Manzano st. Tel: 723-8810
     - Waltermart North EDSA - Tel: 332-1281
     - Waltermart Makati
     - Victory Mall, Caloocan City

Bake Masters Food Ingredients Corp

Address: along Sucat Road Paranaque City.
Tel No. 887-0150
  • items: bakery, confectionery, snack and also meat processing ingredients

Carla's Bakery and Confectionary Supply

Address: Unit E Dr. A. Santos Ave. Sucat, Paranaque City (along Sucat Road in Paranaque, right across Santana Grove and Shopwise)
  • items: almost have anything you need from ingredients to packaging, variety of box sizes especially bigger sizes, can buy bigger boxes by pieces, they have corrugated boards

Love2Bake Co.

Address: 6 Palanca Street, Fruition Bldg, BF Homes, Paranaque
Website: https://www.facebook.com/love2bakeco
  • items: baking supplies, fondant rolling pin
  • cheap: americolor gel icing and airbrush color, pearl/luster/sparkle dusts, fondant moulds, cutters, macaron mats, pans, sheet trays, dummy styro and more

Ingrid’s Sweet Haven

Address: 363 Dr. Sixto Antonio Avenue corner Liwayway Street, Caniogan, Pasig
Websites: http://www.ingridsweethaven.com
Tel No.: 641-2561

Baking Buddies

Website: https://www.facebook.com/bakingbuddies
  • items: mported fondant shoe cutters, airbrush compressor package, macaron mats and more

MK Kitchen

Website: http://mksurpluswarehouse.tripod.com
  • items: kitchen stainless steel working table, sheet trays, tart moulders, spoon forks and other kitchen utensils

RM Boxes

Website: http://www.rmboxes.com/
  • items: boxes and packaging needs (some boxes in Chocolate Lovers and other suppliers are actually from them)


Accesible Stores

Gourdo's

Address: Unit G, The Fort Entertainment Complex, Bonifacio Global City, Taguig Metro Manila
      Greenbelt 2, Glorietta 4, Gateway, The Fort and The Podium (under the name LIVING WELL)
Tel.No.812-3022
  • pure vanilla extract (The Vanilla Company), official reseller of Wilton

LandMark Makati

Address: 4th floor of Landmark Mall in Makati
  • cheap: baking tools such as rolling pins, muffin pans, fondant cutters and smoothers, chocolate moulds, spatulas, cupcake stands, baking pans, food processors and more

Cooks Exchange

Address: Glorietta 4, SM Megamall Bldg. A
  • more expensive ingredients

SM Supermarkets

  • items: baking powder, baking soda, sugar, oil, butter, cheese in the supermarket 

SM Department Stores

  • items: Wilton and other branded products

Unimart

Greenhills Shopping Center, Ortigas Avenue, San Juan
Tel No. 721-0572
  • items: complete range of Baker’s brand chocolate, wide range of Ferna products, like Dutch-process cocoa, glucose, and light corn syrup, malted milk powder

Healthy Options

  • items: variety of flours including unbleached white, whole-wheat pastry, and spelt flours in both regular and organic. Healthy Options also carries corn meal, a wide range of oats, almond milk
  • cheap: real vanilla 
Sources:
http://www.khakiness.com/2011/07/where-to-buy-complete-and-affordable.html
http://www.mysassybaker.com/2013/05/baking-supplies-stores-manila.html
http://alliwannadoisbake.blogspot.com/2011/05/where-to-go-for-great-buys-on-baking.html
http://www.pepper.ph/baking-ingredients-resource-guide/

Thursday, June 27, 2013

Investing Terms

Fundamental vs Technical Analysis

Technical Analyis 
Support vs Resistance
Support - prices on a chart that tend to act as a floor by preventing the price of an asset from being pushed downward
Resistance levels - also regarded as a ceiling because these price levels prevent the market from moving prices upward


GSW1 - 1985 to 1997
Wave 3 - 1989 to Dec 1993 (500 to 3300/3474)

GSW2 - 1997 to 2001 - (3474 to 1000)

GSW3 - 2001 to ____
Super Cycle Wave 1  -  Oct 2001 to Aug 2007  -  6 yrs more or less -  (1000 to 3800)
Super Cycle Wave 2  -  Oct 2007 to Nov 2008  -  1  yr     "          "
Super Cycle Wave 3  -  031709 to ? ( est dec2013 june 2014) -  (1747 to ____)
         cw 1  - 031709 to 080211
         cw 2  - 080211 to 092611 or 110310 to 092611
         cw 3  -  092611 to 051513
         cw 4  -  051513 to 062513 nx is sideways/consolidations
         cw 5  -  062513 to est. dec or nx yr
Supercycle Wave 4 may be in 2014 up to 2015 (1 year)
Supercylce Wave 5 may be in 2015.


Sources:
http://www.investopedia.com/articles/technical/061801.asp
http://www.pinoymoneytalk.com/forum
http://www.pinoymoneytalk.com/forum/index.php?topic=44602.720

Sunday, June 23, 2013

Financial Sites

Bloomberg - http://bloomberg.com/
Financial Times - http://www.ft.com/
Reuters - http://www.reuters.com/

BLOGS:
Absolutetraders.com - http://absolutetraders.com/main/
tsupitero.com - http://tsupitero.com/

CONCEPTS:
Elliott Wave - http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory

http://www.moneylifeblood.com/2013/02/dividend-paying-stocks-and-5-year.html#.UcqDo_lORH0

Stock Code Bloomberg Quote Financial Times Quote Reuters Quote Dividend Per Share 2012 Dividend Yield Average
2011 2010 2009 2008 2007
FGEN FGEN:PM FGEN:PHS FGEN:PS NA 9.76 9.76
TEL TEL:PM TEL:PHS TEL:PS Php 171 8.73 8.57 7.9 9.17 4.72 7.818
GLO GLO:PM GLO:PHS GLO:PS Php 65.00 5.47 0 2.46 6.45 7.39 4.354
RLC RLC:PM RLC:PHS RLC:PS Php 0.36 3.19 3.23 2.57 7.53 4.13
URC URC:PM URC:PHS URC:PS Php 1.90 4.58 2.27 2.27 7.16 4.07
BPI BPI:PM BPI:PHS BPI:PS Php 2.30 3.26 1.53 3.85 7.48 1.81 3.586
PX PX:PM PX:PHS PX:PS Php 0.53 1.68 0.87 7.7 3.416667
EDC EDC:PM EDC:PHS EDC:PS Php 1.14 2.54 2.04 2.66 7.76 1.9 3.38
SCC SCC:PM SCC:PHS SCC:PS Php 12.00 4.52 3.24 1.22 3.95 2.81 3.148
SMPH SMPH:PM SMPH:PHS SMPH:PS Php 0.29 2.54 2.75 3.06 4 3.29 3.128
AP AP:PM AP:PHS AP:PS Php 1.54 4.41 0.96 2.33 4.74 3.11
BDO BDO:PM BDO:PHS BDO:PS 3% stock div 1.88 1.52 0.8 7.39 1.47 2.612
AEV AEV:PM AEV:PHS AEV:PS Php 1.58 3.94 1.4 3 0.89 2.9 2.426
MWC MWC:PM MWC:PHS MWC:PS Php 0.60 2.89 2.4 2.54 2.64 0.81 2.256
SMDC SMDC:PM SMDC:PHS SMDC:PS Php 0.05 1.62 1.12 1.77 3.18 3.56 2.25
DMC DMC:PM DMC:PHS DMC:PS Php 1.20 2.42 1.39 2.06 3.77 1.04 2.136
MER MER:PM MER:PHS MER:PS Php 8.10 3.16 2.48 1.22 1.68 2.135
SMC SMC:PM SMC:PHS SMC:PS Php 1.75 0.9 4.12 0.51 2.59 2.37 2.098
MBT MBT:PM MBT:PHS MBT:PS Php 1.0 1.47 0.83 2.28 4.47 1.13 2.036
AGI AGI:PM AGI:PHS AGI:PS Php 0.36 3.48 0.48 1.98
SM SM:PM SM:PHS SM:PS Php 10.40 1.55 1.45 2.12 3.07 1.59 1.956
JFC JFC:PM JFC:PHS JFC:PS Php 2.20 1.18 2.53 1.55 2.02 1.54 1.764
AC AC:PM AC:PHS AC:PS Php 2.00 1.93 1.22 1.59 1.15 2.55 1.688
ICT ICT:PM ICT:PHS ICT:PS Php 0.65 0.94 0.89 1.78 2.75 0.66 1.404
MEG MEG:PM MEG:PHS MEG:PS Php 0.03 1.4 0.77 1.28 2.77 0.49 1.342
PCOR PCOR:PM PCOR:PHS PCOR:PS Php 0.10 0.79 0.53 1.96 1.75 1.2575
ALI ALI:PM ALI:PHS ALI:PS Php 0.21 0.97 0.57 0.53 0.94 0.42 0.686
JGS JGS:PM JGS:PHS JGS:PS Php 0.16 0.32 0.26 0.45 1.76 0.26 0.61
MPI MPI:PM MPI:PHS MPI:PS Php 0.03 0.68 0.26 0.47

Wednesday, October 3, 2012

Outline: Warren Buffett's Management Secrets

by Mary Buffett and David Clark

Step 1. Pick the right business to work for (business that offers greatest career opportunities)

Chapter 1. how to find companies that offer greatest career opportunities (w/ durable competitive advantage)

have products that:
- never really change
- easy to sell
- own a piece of consumer's mind
come in 3 basic business models:
- sell unique product, e.g. Coca Cola, Hershey
- sell unique service, sell what people need
- low cost buyer and seller of product/service that the public is consistently in need of - offer low cost through high volum, e.g. Walmart, Costco, Burlington

Chapter 2. quick test for identifying the best company to work for 

- per share earnings test (10 year period) - consistent and has upward trend
- debt test - long term debt must be low, debt load should be < 5*net earnings
- gross margin test - must be higher
      gross profit = revenue - cost of good sold
      gross margin = gross profit/revenue

Step 2. Delegate

Chapter 3. rules for delegating authority 

- every business culture is unique
- leave managers alone - let them continue to think their business as their own
- managers must have a GREAT deal of INTEGRITY

Step 3. Find the right manager for the job

Chapter 4. where to start search for manager 

- change manager only when necessary
- promote from within if possible
- look for talent w/ proven talent record

Chapter 5. victor or victim

- must have an internal locus of control
- victor = with internal locus of control - in control of themselves, take responsibility for their failures
- victim = with external locus of control - don't believe that they have power to solve their problems

Chapter 6. work at a job you like

- do what you love/love what you do, must not be driven by money

Chapter 7. put a winning sales team together

- find people who believe in the product

Chapter 8. obsession

- sd