“I Insist On A Lot Of Time Being Spent, Almost Every Day, To Just Sit And Think. That Is Very Uncommon In American Business. I Read And Think. So I Do More Reading And Thinking, And Make Less Impulse Decisions Than Most People In Business. I Do It Because I Like This Kind Of Life.” ― Warren Buffett #quote
The opening hypothesis of this article referencing GDP should read, “calling into question the validity of US Government statistics and projections when taken in context of the past month’s reports and data” instead of “”calling into question the strength of the projected pickup in U.S. growth”; i.e. New Home Sales, US Unemployment Insurance Weekly Claims Report and Sales of U.S. Existing Homes Rise to Highest Since 2009.
|Production||Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). It is the act of creating output, a good or service which has value and contributes to the utility of individuals. – Wikipedia|
|Real GDP||The real GDP, nominal, doesn’t take into account either quality of the goods that are produced or any new products that may have emerged in the market since the base year. This is a major deficiency of GDP as a measure of the standard of living in a country over time… – www.khanacademy.org|
|GDP Growth||GDP growth (annual %) – Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2005 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. – WorldBank.org|
|Gross Domestic Product||Gross domestic product (GDP) is a measure of economic activity which captures the value of goods and services that the UK produces during a given period. GDP can be expressed in nominal or real terms. Nominal GDP reflects the value of all the goods and services which are produced in the UK during a given period, using their price at the time of production. – http://www.ons.gov.uk/|
“Durable-Goods Drop Imperils Outlook for U.S. GDP Pickup – Bloomberg
Orders for durable goods dropped in July by the most in almost a year, calling into question the strength of the projected pickup in U.S. growth.
Bookings for goods meant to last at least three years fell 7.3 percent, the first decrease in four months and the biggest since August 2012, the Commerce Department said today in Washington. The retreat was broad-based, with demand excluding the volatile transportation category unexpectedly falling.”
Originally posted Durable-Goods Drop Imperils Outlook for U.S. GDP Pickup – Bloomberg. By Michelle Jamrisko – Aug 26, 2013 11:34 AM ET
I’m wondering how Plaxo expects me to build relationship capital… It seems I have exceeded Plaxo’s maximum number of connections. I remember a day when Plaxo was pushing their new “Pulse” platform. At that time there were no connection limits because it was to their benefit to have die hard social net-workers recruit early adopters to this platform. Then they exceeded their capacity to support the onslaught of users. Just my opinion but, this looks like poor planning that still has not been resolved to the benefit of those who built much of Plaxo’s user base.
I really did like their address book for capturing and retaining updated and accurate information on my contacts with a minimum of effort. I even upgraded from the standard free account to the premium account to support my networking efforts. Then they were acquired by Comcast and the communication from support became very lean. They were often evasive when I asked questions regarding this “maximum connections limit” and then began to blame it on their new owners.
From a customer’s point of view, shutting down the communications and transparency were more than I could tolerate. As it relates to customer management, this is a fine example of setting stakeholder expectations and then failing to negotiate any change to those expectations.
It is highly likely that your projects have changes on a constant basis that need re-negotiating with your stakeholders. Inherent in any expectation there are commitments that build trust which in turn increases relationship capital with the customer. In this case, that hard earned capital has been erased from the balance sheet. Successful projects and life are filled with value derived by both parties, and increasing trust built on precise communications and renegotiating of commitments and expectations as reality and circumstances dictate.
Welcome to the beginning of my eternal student blog. I know I am bit old to be formalizing this but, now seems a fine time to be learning how to blog and start passing on to a younger generation some of what my life lessons have taught me.
I have learned a great deal from having been in several industries and having played many roles throughout those experiences. I have been in construction, law enforcement, retail, the military and now IT project management . With this background I am finding that my formal studies are making much more sense as I have points of reference to attach the content of the materials to. It is a great benefit to be able to think back to previous work experience and be able to correlate current course content to particular situation or problem resolution. This gives me mental practice formulating a relevant responses and remedies for future clients.
- Learning Styles – Teaching Visual Learners (brighthub.com)
- Undergraduates in the Library, Trying Not to Drown (insidehighered.com)