Apple Opening Arizona Plant With 2,000 Workers

This past weekend I attended the Financial Asset Management V conference in San Francisco, CA.  One of the panelists cited re-shoring of jobs as a positive he sees in the economy.  Add Apple to the list for [finally] bringing some jobs back here to the U.S.A.  Let’s hope this practice continues.

The article:

http://www.bloomberg.com/news/2013-11-04/apple-to-build-plant-in-arizona-with-2-000-workers-to-make-parts.html

The Set-Up-To-Fail Syndrome – Harvard Business Review

Two questions came to mind as I read this article.

1. How do you determine how much of an employee’s failure is the responsibility of the employee and how much is due to the manager?  The article does not address that question.

2. Is this article part of the broader movement to coddle and entitle people?  That is, support blaming someone else for your actions when outcomes are bad and claiming credit for your actions when outcomes are good?

I think the answer is simple.  Both subordinate and manager are responsible.  Both would be better served communicating their concerns to each other.  Both should be responsible for doing all they can for success.  Neither should play the blame game.

This reminds me of my 11+ years of university schooling in three different states.  I had some above average, average, and below average professors.  At times I blamed the professor and did poorly in the class.  Other times I acknowledged I wasn’t learning from the professor and spent more time on the library with more books.  In those cases I did well in the class.

The third case is not something I tried in those 11 years:  suggesting, politely, how the professor could improve the learning environment while simultaneously spending more time in the library with more books. 

Why didn’t I try that?  I believe it is due to traditions, practices, and values that I have.  I was raised to do what you are told and not to question authority.  I was also taught to take responsibility for your own actions, not the actions of others.

So my recommendation to students specifically and subordinates in general?  Don’t complain, take responsibility for your own actions (grades for students other metrics for employees), and choose words that contribute to harmony if you have suggestions to improve the environment.  Actually, those suggestions apply to professors and managers as well.

Oh, and for students, I believe more time in the library with more books is a good thing no matter what.  Kind of fits the job title “student” eh?

http://hbr.org/1998/03/the-set-up-to-fail-syndrome/ar/1?goback=%2Egmr_2219771%2Egde_2219771_member_272736326#!

Another place for finance graduates to look for jobs

I recently received the following flurry of finance job postings. For those recent finance graduates that follow my website or are LinkedIn, I recommend you set up a profile on the cybercoders.com website. Let me know if you have already found a job or if you land any interviews as a result of today’s suggestion.

Good luck!

Hi David J.,
As a member of the CyberCoders community, we want to do everything we can to help you find the right job! Below are your job results for your search: Analyst – Venture Capital Fund San Jose, CA
Want even better job matches?  Customize your search now.
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Netflix Approaching Its Apple Moment (AAPL, NFLX)

Netflix is cool technology but how does it increase productivity in a Schumpeterian context?  In that context productivity enhancing technological progress leads to economic growth.  How is getting the [relatively few] remaining Americans who are not Netflix subscribers going to lead to productivity enhancement and subsequently economic growth?  The same argument applies to Facebook.

Perhaps streaming video saves time and money related to driving to Blockbuster and picking up a movie.  But do we do anything with the time and money savings?  Do we just spend that saved time and money consuming more Netflix content?

http://www.fool.com/investing/general/2013/07/22/netflix-approaching-its-apple-moment.aspx

Fisman: CEO right: Face time needed at Yahoo

So, as humans we still need to interact face to face? See this article.  Here’s a quote:

More recent time use studies by researchers at Harvard, the London School of Economics and Columbia have found that little has changed. Despite the IT revolution, business leaders still spend 80% of their time in face-to-face meetings.

So, as educators we should be mindful of the push for online content.  A measured approach towards online incorporation is needed to ensure we are training business leaders and not solely customer service representatives.

But then again, somebody has to be a customer service representative, right?  Oh, I don’t have all the answers.  In the end, I applaud the effort to re-humanize the work environment.  May it be successful.

$5,000 scholarship opportunity: business plan competition

Below is an email I received.  Perhaps a group of students out there would be interested in writing a business plan and competing for the $5,000 scholarship.
Dear Business Professor,
 
Please inform your students that My Sister’s House is holding a Business Plan Scholarship Competition for undergraduate and graduate students. The goal is to create a revenue-generating activity that offers job training opportunities for the clients of our domestic violence agency. The business plan must include the following:
  • a feasibility component,
  • identification of implementation needs or requirements, and
  • revenue forecasting
A $5,000 scholarship will be awarded to the winning student-team or university. The deadline to submit the business plan is Thursday, February 28, 2013. For more information, please contact our Executive Director, Nilda Valmores, at (916) 868-7820 or at nildamsh@gmail.comFor more information about My Sister’s House, please visit our website at www.my-sisters-house.org.

Sincerely,
 

Jennifer Pangilinan

Data Evaluator/Administrative Assistant
My Sister’s House

Another free food opportunity: FEI dinner November 27

The next Financial Executives International (FEI) dinner meeting is November 27th at 6:30 pm.  The topic shall be “Sacramento County Airport Systems.”  For more information click here.  If you are nearing graduation this is an excellent opportunity to be in a room full of CFOs.  You should be able to plant seeds of potential employment while you are there.  That is in addition to the free food and knowledge transfer from the presenters.

As before, two students can attend for free.  I shall attend this meeting. Last month the food, wine, and discussion were all very good. If you are interested please send one or two paragraphs explaining why you are interested in attending this month’s meeting.  Please send your application to djmphd@gmail.com by Friday November 16.  This will enable me to make the selection and forward the names to the dinner coordinator.

So, take a look at the meeting info, write a paragraph or two on why you would like to attend, and then email it to me as soon as possible.

 

-David J. Moore