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Making decisions

How Elon Musk Uses a Crucial Lesson From Aristotle to Make His Decisions

 Making decisionsHe picked up a little philosophy in the two days before he dropped out of Stanford University from the world’s first great scientist, Aristotle of Lysippus.

It’s called “first principles thinking,” which Musk learned from his very short time as an applied physics Ph.D hopeful, and it deals with solving problems from their foundation rather than by analogy, which most of us fall for.

In an interview with Kevin Rose, Musk explained, “I think it’s important to reason from first principles rather than by analogy.”

“The normal way we conduct our lives is we reason by analogy … [With analogy] we are doing this because it’s like something else that was done, or it is like what other people are doing. [With first principles] you boil things down to the most fundamental truths … and then reason up from there.”

Regarded as the father of science, Aristotle laid the groundwork for measurement and observation, where first principle thinking would start by observing anything from its most basic foundation. Musk reveals that going back to the root of anything “takes a lot more mental energy,” but that’s how all the most groundbreaking discoveries happen — and it’s saved Musk a lot of money in building his companies.




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The changing face of business - and the part artificial intelligence has to play

 WEFArtificial Intelligence (AI) may be the single most disruptive technology the world has seen since the Industrial Revolution. Granted, there is a lot of hype out there on AI, along with doomsday headlines and scary movies. But the reality is that it will positively and materially change how we engage with the world around us. It’s going to improve not only how business is done, but the kind of work we do – and unleash new levels of creativity and ingenuity.

In fact, research from Accenture estimates that artificial intelligence could double annual economic growth rates of many developed countries by 2035, transforming work and fostering a new relationship between humans and machines. The report projects that AI technologies in business will boost labor productivity by up to 40 percent. Rather than undermining people, we believe AI will reinforce their role in driving business growth. As AI matures, it will potentially serve as a powerful antidote for the stagnant productivity and shortages in skilled labor of recent decades.





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Principios del almacén según ingenieriaindustrialonline

 Logística PRINCIPIOS DEL ALMACÉN

Como ya ha sido tratado en el módulo de Administración de Inventarios, todo manejo y almacenamiento de materiales y productos es algo que eleva el costo del producto final sin agregarle valor, en teoría es un mal necesario, razón por la cual se debe conservar el mínimo de existencias con el mínimo de riesgo de faltantes y al menor costo posible de operación.
Para llevar a cabo tal empresa, la gestión de almacenes debe establecer y regirse por unos principios comunes fundamentales, conocidos como principios del almacén (aplicables a cualquier entorno):

La custodia fiel y eficiente de los materiales o productos debe encontrarse siempre bajo la responsabilidad de una solo persona en cada almacén.
El personal de cada almacén debe ser asignado a funciones especializadas de recepción, almacenamiento, registro, revisión, despacho y ayuda en el control de inventarios.
Debe existir un sola puerta, o en todo caso una de entrada y otra de salida (ambas con su debido control).
Hay que llevar un registro al día de todas las entradas y salidas.
Es necesario informar a control de inventarios y contabilidad todos los
movimientos del almacén (entradas y salidas), la programación y control de producción sobre las existencias.
Se debe asignar una identificación a cada producto y unificarla por el nombre común y conocido de compras, control de inventario y producción.
La identificación debe estar codificada.
Cada material o producto se tiene que ubicar según su clasificación e identificación en pasillos, estantes, espacios marcados para facilitar su ubicación. Esta misma localización debe marcarse en las tarjetas correspondientes de registro y control.
Los inventarios físicos deben hacerse únicamente por un personal ajeno al almacén.
Toda operación de entrada o salida del almacén requiriere documentación autorizada según sistemas existentes.
La entrada al almacén debe estar prohibida a toda persona que no esté asignada a él, y estará restringida al personal autorizado por la gerencia o departamento de control de inventarios.
La disposición del almacén deberá ser lo más flexible posible para poder realizar modificaciones pertinentes con mínima inversión.
Los materiales almacenados deberá ser fáciles de ubicar.
La disposición del almacén deberá facilitar el control de los materiales.
El área ocupada por los pasillos respecto de la del total del almacenamiento propiamente dicho, debe ser tan pequeña como lo permitan las condiciones de operación.




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Looking for the ideal job? There's an equation for that

 LaboralYou’re looking for your dream job, and you receive an offer, but how do you know if this one is the one? Maths.

Brian Christian, co-author of Algorithms to Live By: The Computer Science of Human Decisions has examined the science behind decision making and come up with the answer to when you should stop holding out for a better offer and just commit.

It all comes down to one equation: your best option is the one you find 37% of the way through your search period.

This is ‘optimal stopping’ theory, and it is a formula that can be applied to more than just hunting for your ideal job.

It can also be of use to people on the other side of the table who are hiring new employees. The secretary problem, as shown in the graph below, is a well-known example of the dilemma faced by employers.




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How Talking Too Much Can Hurt You by @RosatoDonna

 CareerWhen you’ve got the floor in a meeting, do you notice people looking at the clock or their phones?

When you’re chatting over the water cooler, do you find yourself chiming in before your colleagues finish their sentences?

Do you typically go off on tangents when you tell a story?

Do people nod blankly and say “uh huh” a lot when you’re speaking?

Do you notice that people at work prefer to communicate with you via email?

You may be an overtalker.

Most people who talk too much don’t realize they do it, says Annie Stevens, managing partner for ClearRock, a leadership development and executive coaching firm. No matter whether it’s fueled by insecurity or overconfidence, however, this quality can be deadly to one’s career—especially these days.




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DIC-2016 Twitter just lost two more of its senior executives. By @alexeheath

 TwitterTwitter has lost two more of its senior executives as it faces mounting pressure to increase its revenue and grow its user base.

The company's chief technology officer, Adam Messinger, and VP of product, Josh McFarland, both announced that they are leaving the company on Tuesday.

Messinger has been Twitter's CTO since 2013, and joined the company in 2011 from Oracle. McFarland joined Twitter in 2015 through its $532 million acquisition of his ad tech startup TellApart.

Both departures come shortly after longtime Twitter COO Adam Bain abruptly stepped down in early November. Twitter also lost its vice president of ad sales, Richard Alfonsi, to Stripe in early December.




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Management

Habits of Highly Effective Project Managers.

 Management

  • Be A Proactive Project Manager

  • Begin with the End in Mind

  • Put First Things First

  • Think Win / Win

  • Seek First to Understand, Then to be Understood

  • Synergize

  • Sharpen the Saw





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Intelligence

Common traits of highly intelligent people

 IntelligenceThey

  1. Are highly adaptable

  2. Understand how much they don't know

  3. Have insatiable curiosity

  4. Are open-minded

  5. Like their own company

  6. Have high self-control





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Success habits

Habits of highly successful people.

 Success habits



  • They talk to themselves

  • They keep a journal

  • They meditate

  • They manage their emotions

  • They read

  • They communicate clearly

  • They practice self-control

  • They stick to routines

  • They value solitude

  • They're conscientious

  • They're persistent





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Success Habits of Wealthy People That Cost Nothing

 WhealthThey

  • Meditate.

  • Wake up early.

  • Network.

  • Keep themselves busy.

  • Know when to say "no."

  • Don’t watch TV, they read.

  • Write to-do lists the night before.

  • Set goals and visualize.

  • Manage their money.






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