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Archive for the 'business' Category

Post-Diversity & Missing the Diversity Dividend

Sunday, March 13th, 2016

In these days of ultra-right-wing politics and the proud bigotry of a rebranded National Front it shouldn’t be surprising to find business jargon like post-diversity in serious conversation. Post-diversity is the idea that we’re past diversity; that we are beyond paying attention to equality of pay, conditions and opportunity for groups perceived as disadvantaged.

What post-diversity means is that an organisation with post-diversity values will employ people who are a cultural fit. People with the same values, who look and speak the same language.

By a cultural fit they often mean – white, entitled and probably young. What cultural fit means is educated like us and thinks like us and comes from where we arose.

In everyday application, this post-diversity recruitment landscape dictates that non-normative prospective employees (ethnic, indigenous, female, or other group outside the cultural fit), with the same qualifications or greater, will be intentionally passed aside for a normative prospective employee who fits a predetermined cultural image that matches existing employee profiles.

Here’s the hard truth about post-diversity. OK, there may be a small benefit to having everyone in an organisation belong to a certain cultural fit. These employees like the same things and share common fundamental values. They go to the same church; or not. And they are cultural clones of each other. However, any small benefit of hiring to a cultural fit is so infinitesimally small that it’s hardly worth mentioning. Let’s say, at best, it’s not a direct negative if all the employees get along.

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A Gorgeous Little Startup called Naked Wines

Wednesday, January 27th, 2016

A great way to buy real Australian wine directly from real Australian small batch wine makers is through a start-up called Naked Wines. Over 49,000 people are currently crowd-funding Australian wines through Naked Wines at a commitment of $40 per month. These small scale wine buff investors are called the Angels.

The business problem Naked Wines solve is that the Australian wine industry is dominated by the two major supermarkets – Coles and Woolworth. With 77 per cent of the wine industry in those large corporate hands it is extremely difficult for small producers to compete and new entrants to produce good, authentic Australian wine. Real wine. Wine made by real wine makers in small batches.

The idea itself is simple enough: wine lovers (the Angels) commit to letting Naked Wines pull $40 each month from their bank accounts. This money accumulates in their shopping cart to be immediately available for purchasing wine. This money isn’t lost or stolen; it remains their money. The guaranteed $40 monthly cash flow from the 49,000+ Angels is used to help a select group of small wine makers purchase grapes and bring their otherwise unrealised small batch wines to market. Note that only Angels can purchase these limited edition wines.

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Greek Debt & the Sunk Cost Obsession

Sunday, July 5th, 2015

In the 1950s Germany had debt at 25 per cent of GDP (Gross Domestic Product) and the major lenders of that debt opted to let half of the debt go. Countries that let Germany off the hook included Greece, Spain, Pakistan, Egypt, the United States, the United Kingdom and France. This was public and private debt accrued before and after World War 2 that stood in the way of a rebuilt and stronger Germany. Greece needs the same strategy.

The current ratio of debt to GDP in Greece is at a ridiculous 177 per cent. While austerity as an economic panacea as espoused by Carmen Reinhart and Kenneth Rogoff is pretty well disproven. Although austerity measures still seem to dominate the minds of economists who have had careers espousing the austerity paradigm. In short, austerity isn’t the cure. Slowing down an economy isn’t going to fix it.

And if Greece has the little money it generates heading offshore as interest payments on further accruing debt then how can Greece rebuild a healthy economy? Is it about Greek debt? Or having collectors go around to break some legs?

Think of this as a simple business problem. A sunk cost problem.

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About the Author

Steven Clark Steven Clark - the stand up guy on this site

My name is Steven Clark (aka nortypig) and I live in Southern Tasmania. I have an MBA (Specialisation) and a Bachelor of Computing from the University of Tasmania. I'm a photographer making pictures with film. A web developer for money. A business consultant for fun. A journalist on paper. Dreams of owning the World. Idea champion. Paradox. Life partner to Megan.

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