Wednesday 22 May 2013

Tablet vs Laptop

Some time back, I wrote my first article on my impressions of the productivity gains that I made after buying an iPad.

It’s now over a year since that article appeared, so where do things stand and was my initial reaction correct? 

My needs were to: 

1.      Manage my diary
2.      Manage my contacts
3.      Manage my ToDo lists
4.      Produce documents/spreadsheets/presentations
5.      Send/receive email
6.      Internet Access
7.      Listen to music
8.      Watch films 

I didn’t want a screen that was too small or too big. 

So, in order:

1.      Manage My Diary:

On the whole, a success.  My only gripe is that, now that I synchronise everything through iCloud to Outlook, I can only amend notes on diary items through the iPad.  This may be my problem, but perhaps Apple/Microsoft could look into this. 

2.      Manage My Contacts:

No problems. 

3.      Manage My ToDo Lists:

Minor niggle here: the Apple “Reminders” app doesn’t allow for start dates (as far as I can see).  I switched to a third party app which does this and a lot more besides. 

4.      Produce Documents/Spreadsheets/Presentations:

Tablets aren’t fully functioning PCs, so expecting full Microsoft Office functionality is unreasonable (although I gather that the new Windows Surface will overcome this).  I can produce Word/EXCEL/PowerPoint documents/spreadsheets/presentations, but without much of the functionality that one would find in the full Office version.  I load templates of the documents I need so that I can save them as new files.  Altogether, I’m pleased. 

5.      Send/Receive Email:

No problems here, especially if your email uses an Exchange or IMAP server which enables you to synchronise folders and their contents.  POP3 servers don’t allow this functionality (and my “works” email is POP3…).  However, for sending/receiving, absolutely no complaints. 

6.      Internet Access:

No issues.  As more places “go WiFi”, you don’t to dig into your precious data allowance either!  Social networking apps are plentiful, so I can access LinkedIn, Facebook and my blog. 

7.      Listen To Music:

I use my iPhone (more portable). 

8.      Watch Films:

Only limit is memory.  iTunes only plays MP4 films, so if you have something in WMV, AVI, MP3 or MKV format, you need another app.  I’ve found a great one which plays all the common formats. 

Screen size: perfect.  I've looked at the new iPad "Mini", but it's not for me, despite it's obvious portability.

In my previous article, I considered buying a wireless keyboard for when I had to type long reports.  I bought the Apple keyboard and am very pleased with it (although I find the lack of a “Pg Dn”/”Pg Up” key a nuisance).  It connects seamlessly with my iPad and iPhone. 

I also commented on lack of ability to read/comment on PDF documents.  There’s an app that I’ve since discovered… 

I bought a longer (6’) charging cable and a Griffin Survivor case. It’s pricey, but my expensive iPad is protected from falls up to 6’ onto concrete (I’ve tested it up to 3’) and from rain.  It has a handy fold-out stand that holds the iPad in landscape mode.  The case makes the iPad heavier and thicker (25.5 x 20 x 2.5 cm), but it’s safer. 

The other item I bought was an external battery pack no larger than an iPhone 4 which charges my iPhone up to 3 ½ times or my iPad to about 80%.  This helps on long train or plane journeys where power plugs aren’t available. 

As an experiment, I took the iPad on a 2-week business trip and left my laptop behind.  I did take an external hard disk drive with all my documents (and also backed them up to my Dropbox account), because I knew that I’d have access to various PCs.  I have to say that there were times when I missed my laptop.  Since then, a friend has shown me an app that allows me to remote access my laptop wherever I am provided that the laptop is on. 

So…:

·         No regrets about investing in a tablet. 
·         There are free and paid apps out there which meet almost every need; these will continue to increase. 
·         For “heavy duty” work, the laptop is still needed, but if you have access to a desktop/laptop and all your files on memory stick, external HDD or Dropbox, you can still function. 

 

I have spent more than half my life delivering change in different world markets from the most developed to “emerging” economies. With more than 20 years in the world financial services industry running different service, operations and lending businesses, I started my own Performance Management Consultancy and work with individuals, small businesses, charities, quoted companies and academic institutions across the world. An international speaker, trainer, author and fund-raiser, I can be contacted by email . My website provides a full picture of my portfolio of services.  For strategic questions that you should be asking yourself, follow me at @wkm610.

Labels:

Tuesday 14 May 2013

Reputational Risk Lessons From Dhaka

Primark says it will pay compensation and offer emergency food aid to victims of the Bangladesh factory collapse who worked for its supplier (Headline). 

A BBC news article published at the end of April revealed that Primark – an Irish clothing company operating around 200 stores in Austria, Belgium, Germany, Ireland (as Penneys), Portugal, Spain, the Netherlands and the United Kingdom.  Whilst Primark’s main headquarters are in Dublin, they are a subsidiary of British food processing company Associated British Foods (ABF).

So far, we have a tragic story involving some 1,000 deaths, 3,000 injuries and one survival story little short of miraculous.  The Rana Plaza building which collapsed was apparently home to a number of factories which employed approximately 5,000 people.  Other well-known names which allegedly sourced garments from factories in the building include the Benetton Group, Joe Fresh, The Children's Place, Primark, Monsoon, and DressBarn. 

A browse of Wikipedia shows that in 2008, Primark had been indirectly exposed by the charity War on Want revealing that conditions at Bangladeshi supplier factories hadn’t improved over two years.  The same article states that in 2009, a supplier to Primark was apparently obliged to remove their brand from Primark after media investigation alleged use of illegal immigrant labour which was paid less than the UK legal minimum wage.  This entry, whether true, false or poorly researched is available to anyone.   

Primark clearly felt the need to do something.  Whether management had noticed a fall in sales following the Bangladesh tragedy isn’t clear, but being associated with a situation where little attention was paid to workers’ rights as a matter of course was clearly not acceptable to a European customer base. 

“Trial by media” is becoming more prevalent.  It takes little for anyone to become a “reporter” – all they need is a smartphone with camera and an internet connection.  The proliferation of email, social websites and other networking sites means that news of any sort (whether true or false) can now be spread in, literally, the blink of an eye.   

Large organisations such as Starbucks and Google have found themselves targets of media attention as it was revealed that they paid minimal corporation tax due to using perfectly legal tools to minimise exposure.  The problem here was that, in a time of global belt-tightening, austerity and job losses, people felt that it was morally wrong that a few greedy bosses and shareholders should benefit from the exploitation of “tax dodges” (which weren’t).  Result?  The G7 has now agreed to crack down as a group on tax avoidance and will press the international community at large to join in.  Starbucks has agreed to pay more tax.  No doubt, countries that refuse to join will be vilified and their reputation will suffer. 

Conclusion: reputational risk is more of a danger than ever before, and you need: 

·         A strategy to build and manage reputation;
·         To manage potential fallout from negative media and/or public attention;
·         To think about third parties with whom you deal and assess whether they might expose you to unwelcome attention;
·         To have a “contingency plan” that can be put into action immediately if a “PR disaster” strikes. 

Don’t wait for things to go wrong before you think about this. 
 

I have spent more than half my life delivering change in different world markets from the most developed to “emerging” economies. With more than 20 years in the world financial services industry running different service, operations and lending businesses, I started my own Performance Management Consultancy to offer solutions for improving performance, productivity and risk management.  I work with individuals, small businesses, charities, quoted companies and academic institutions across the world. An international speaker, trainer, author and fund-raiser, I can be contacted by email . My website provides a full picture of my portfolio of services.  For strategic questions that you should be asking yourself, follow me at @wkm610.

Labels: , , , , , ,

Wednesday 8 May 2013

What’s Your Reputation Worth?

Your character is who you really are.  Your reputation is who people think you are. 

Reputations are peculiar things.  Good ones make life easier; bad ones mean that opportunities fade away and doors close.  Clearly, it pays to have a good reputation, just as it pays to have a successful brand.  In some cases, people/businesses may have reputations that are totally undeserved. 

“Reputation”, according to my old Concise Oxford English Dictionary, means: "what is generally said or believed about a person’s or thing’s character; state of being well reported of, credit, distinction, respectability, good report".  Whilst these may not be the best definitions, they give an indication of the meanings of “reputation”.   

The “halo effect” exaggerates both good and bad reputations.  The way that I think of the halo effect is: seeing, hearing or understanding what you want to see, hear or understand, believing what you want to believe (often on the say of others and despite any evidence to the contrary).  Experts refer to it as “cognitive bias” thanks to which your judgements of a person’s character can be influenced by your overall impression of them.   We’ve even evolved sayings to support these misperceptions and misconceptions:

·         A leopard doesn’t change its spots
·         The apple doesn’t fall far from the tree
·         Like father, like son
·         Birds of a feather flock together
·         No smoke without fire 

Human brains like simple, easy-to-understand explanations.  We like to believe the judgement of others, or that if the majority say that something is so, then it is so.  How many people believed that that the sun revolved around the earth, or that the world was flat until the likes of Galileo and Christopher Columbus proved them wrong?  It takes little to give someone or something a good or bad reputation or brand, but it takes the equivalent of a seismic event to change that perception, even if all evidence is already to the contrary. 

So what might be the key steps to managing your reputation? 

1.      Know what you want as a “reputation”.
2.      Have a clear Objective, Strategy and Tactics for managing this.
3.      Bend every effort to manage your “story” (many people pay PR agents to do this).
4.      Have a plan for when things go wrong and your reputation is “on the line”. 

Just as people will buy on the say-so of “trusted advisors” (which could extend to comments from relatively unknown people on the internet – Amazon for example), so they will avoid on the same basis.  I’m now seeing requests from developers of “Apps” for smartphones and tablets for people to contact them if they have problems rather than posting unfavourable reviews in the iTunes store.  They’re trying to manage their reputation in the face of demanding (and at times, perhaps) ignorant buyers.  The problem is, one person can now reach out to millions through the internet. 

Managing your “story” and the impact that the “halo effect” may have on it is something we all have to deal with.  If you’re lucky, you may produce an excellent product which then attracts buyers to other products (Apple’s iPod, for example).  The same may be true in the automotive industry and (in my own personal experience) when it comes to buying books by the same author.   Equally though, if you produce something that isn’t successful, you’re likely to have a harder time trying to sell your next product, even if it’s superior in every way. 

In conclusion, manage your reputation internally and externally.  Plan for problems.  Make sure all your staff understand their part.
 

I have spent more than half my life delivering change in different world markets from the most developed to “emerging” economies. With more than 20 years in the world financial services industry running different service, operations and lending businesses, I started my own Performance Management Consultancy to offer solutions for improving performance, productivity and risk management.  I work with individuals, small businesses, charities, quoted companies and academic institutions across the world. An international speaker, trainer, author and fund-raiser, I can be contacted by email . My website provides a full picture of my portfolio of services.  For strategic questions that you should be asking yourself, follow me at @wkm610.

Labels: , , , ,

Friday 3 May 2013

Operating Risk Lessons From “Horsemeatgate”

Europe is currently experiencing an issue involving horse DNA and/or meat being present in food products labelled as “beef”.  The result has been embarrassment for supermarkets, suppliers and governments.   

Eating horsemeat is not harmful to humans (there are countries where it is considered a delicacy).  The problem stems more from two issues:  

1.      The fact that products that state that they are “beef” on the packaging should reasonably be expected to contain beef AND:
2.      That horsemeat may contain traces of medication that could potentially be harmful to humans if ingested in large quantities. 

From a risk point of view, there’s always the possibility that a product or service can become “contaminated” with substandard parts, ingredients or poorly-conceived processes, etc.  The question that I’ve been asking is, what can we learn from the horse meat episode? 

Basel II defined a great framework against which to assess Operating Risk.  There are 7 elements: 

1.      Internal Fraud
2.      External Fraud
3.      Employment Practices & Workplace Safety
4.      Clients, Products & Business Practices
5.      Execution, Delivery & Process Management
6.      Business Disruption & System Failure
7.      Damage to Physical Assets 

In this case, suppliers and retailers are subject to similar as well as different risks, and without a full investigation in each case, we can only guess at what might have happened. 

Suppliers would most likely be at risk from: 

·         Internal Fraud: someone at the supplier’s warehouse (and/or slaughterhouse) may be deliberately adding cheaper horsemeat to beef to increase margins.
·         Employment Practices & Workplace Safety: that such a fraudulent individual can work in that business may be due to poor recruitment screening. 
·         Clients, Products & Business Practices: the individual(s) in question may not be properly supervised, or the business owner may be out for a quick profit.
·         Execution, Delivery & Process Management: results in a “contaminated” product being delivered for sale. 

In turn, the supermarkets buying the contaminated meat are at risk from: 

·         External Fraud: they are purchasing product that is not what it is claimed to be.  If someone inside the buyer’s offices is also colluding with the supplier, then the buyer is also at risk from internal fraud.
·         Clients, Products & Business Practices: they have inadequate screening processes to ensure that they get what they pay for.
·         Business Disruption &System Failure: stock must be removed from shelves, supply chains must be investigated.  The supermarket will lose money from mot being able to sell that product.   

Other readers may spot other risks.  Reputational risk, for example (whilst not considered operational risk) will be the result of a supermarket being found to be selling products containing horsemeat.  This could lead to customers going elsewhere and bank credit facilities being withdrawn, as well as regulatory and legal penalties. 

What can be done?  Several responses present themselves (no doubt suppliers and supermarkets will have looked into them). 

·         Thorough screening of employees.  Easier said than done in some cases, especially suppliers located in “high risk” areas where the importance of compliance with global standards may not necessarily be understood or taken seriously as long as they “get away with it”. 
·         Thorough Due Diligence (investigation) of suppliers.  Checks to include hiring practices, supervision and spot-checking/inspection protocols. 
·         Clearly defined inspection points to ensure that the integrity of the food and supply chains is preserved.  Supermarkets may have to spot check products more rigorously. 
·         Contracts that clearly state the requirements for the product to be purchased so that there can be no doubt as to the standards required. 
·         Buyers to accept that they may have to pay more to ensure that their meat supplies are “trustworthy”.  As the saying goes, “You get what you pay for”.  In a bid to lower costs, people may have inadvertently increased other risks. 

 

I have spent more than half my life delivering change in different world markets from the most developed to “emerging” economies. With more than 20 years in the world financial services industry running different service, operations and lending businesses, I started my own Performance Management Consultancy to offer solutions for improving performance, productivity and risk management.  I work with individuals, small businesses, charities, quoted companies and academic institutions across the world. An international speaker, trainer, author and fund-raiser, I can be contacted by email . My website provides a full picture of my portfolio of services.  For strategic questions that you should be asking yourself, follow me at @wkm610.

Labels: , , ,