Equality of opportunity equality of income

I liked the below comment more than the article itself – http://priceonomics.com/how-the-0001-made-its-money/

“When looking at wealth in America, you have to look at opportunity, and equality of opportunity. America leads the world in equality of opportunity, but thoe “income inequality” view is one that believes that everyone should be equally “rich” — exemplified by the results in the USSR, where, except for the ruling elites, everyone was impoverished.

A better view is to look at the actual quality of life of the poorest 10% of society… and that has seen dramatic improvement over the past century due, directly to “income inequality”– sam walton built a billion dollar fortune by mitigating the effects of inflation for poor people. He improved their lives and got rich. This is typical, it is the rule, not the exception.”

Advertisements

What they don’t teach you in business school

To me , performance appraisals are a joke! This yearly cycle where a manager comes around and tells you what you could do better and you as a manager go around telling your team members how they could have been “awesome” just sucks.

We deserve better. Period.

Any company would not hesitate telling the general public that they hire only exceptionally bright and talented people with a great attitude. But the same company would prefer to draw a “bell curve” to map its people and grade them nicely to follow that curve.

This is gibberish.

If I had a free hand, I’d have the courage to say – “Whoever is in the company is outstanding, whoever is not should have been fired already”. Simple.

There’s no reason telling mediocre people they are not good enough. Because if they were so dumb that they ought to be told, they shouldn’t be around wasting your time.

This whole fixed-point grading scheme  – call it whatever you please. Exceptional, Outstanding, Exceeds expectations , Below expectations, the fact of the matter is – it’s not serving any purpose. It’s a way for the company to survive.

Being in the industry for so long, I have realized the “ultimate truth”.

Every company does need average or mediocre people to drag the heavy cart when the sun shines. When the times are tough, there’s no need for an appraisal. You figure out automatically who is outstanding and who is not because you are shown the door mercilessly. My point simply is – there’s no reason to be hypocritical about it.

Average people need jobs. Companies need average people to survive and do the grunt work. Companies also need exceptional people to move to the next level. At this level, it all makes sense. Just tell the average Joe that he was hired even though he’s just average because you needed somebody to do the heavy-lifting. Neither will he complain, nor will you sweat about it. If he doesn’t like it, let him go find a better job. Tell the special ones how special they are and the company will do everything to retain them.

We don’t want exceptional people to know they are special because it doesn’t make fiscal sense for the company. Get it?

If all this sounds alien to you, Welcome to the real world!

Or better still – “What they don’t teach you in business school”

Business portal

India Business

World Business

Bloomberg

http://www.bloomberg.com/video/technology/

BusinessInsider

http://business.outlookindia.com/

100,000 stars

100,000 stars

Simply awesome! My son loves this..

World of Business Ideas

wobi

Top line and bottom line

Courtesy: investopedia
A company’s bottom line is its net income, or the “bottom” figure on a company’s income statement.

More specifically, the bottom line is a company’s income after all expenses have been deducted from revenues. These expenses include interest charges paid on loans, general and administrative costs and income taxes. A company’s bottom line can also be referred to as net earnings or net profits.

The top line refers to a company’s gross sales or revenues. Therefore, when people comment on a company’s “top-line growth”, they are making reference to an increase in gross sales or revenues.

For example, a company would be experiencing top-line growth if a new advertising campaign caused a 15% increase in sales for its widgets, which resulted in an increase of $2 million to the revenue. Bottom-line growth would occur in a situation where a company found a new supplier for raw materials that results in a cost savings of $4 million.

Both these figures are useful in determining the financial strength of a company, but they are not interchangeable. Bottom line describes how efficient a company is with its spending and operating costs and how effectively it has been controlling total costs. Top line, on the other hand, only indicates how effective a company is at generating sales and does not take into consideration operating efficiencies which could have a dramatic impact on the bottom line.

However, this is not to say that a company cannot experience both top-line and bottom-line growth at the same time. This can be achieved if a company earns more revenue (top line) and reduces its operating costs (bottom line).

Perpetual blog on Technology portals

  1. http://www.infoworld.com
  2. http://www.networkworld.com/index.html
  3. http://www.crn.com/
  4. http://recode.net/
  5. http://www.computingcompendium.com/
  6. http://www.avc.com/a_vc/
  7. http://www.infoworld.com/blogs/infotube/archive/201401
  8. www.slashdot.org
  9. http://thenextweb.com/
  10. http://www.cmswire.com/
  11. www.wired.com
  12. www.artima.com
  13. www.infoq.com
  14. http://news.cnet.com
  15. http://www.stackoverflow.com
  16. http://bytes.com/
  17. http://www.ddj.com/
  18. http://www.oopweb.com/
  19. http://www.theserverside.com/
  20. http://www.cplusplus.com
  21. http://www.codersource.net/codersource_cppprogramming.html
  22. http://www.techonthenet.com/sql
  23. http://www.programmersheaven.com/
  24. http://www.codeguru.com
  25. http://www.informit.com/guides
  26. http://blogs.zdnet.com/emergingtech/
  27. http://www.cio.com
  28. http://www.wsj.com
  29. http://www.hbr.org
  30. http://www.arstechnica.com
  31. http://www.engadget.com
  32. http://www.guardian.co.uk
  33. http://www.techgig.com
  34. http://www.techcrunch.com
  35. http://www.theverge.com
  36. http://www.huffingtonpost.com
  37. http://www.allthingsd.com
  38. http://www.bgr.com
  39. http://www.techcrunch.tv/show/founder-stories
  40. http://www.gsmarena.com/
  41. howtogeek.com
  42. techrepublic
  43. Google news on Sci/Tech
  44. Gearlog
  45. forbes
  46. business insider
  47. itworld
  48. extremetech
  49. slate
  50. npr
  51. crn
  52. readwrite
  53. Techeye
  54. bloomberg
  55. ted talks
  56. slashgear
  57. GigaOm
  58. Lifehacker
  59. lifehack
  60. Association for computing machinery – ACM
  61. http://thevarguy.com/
  62. http://highscalability.com/