Sunday, January 30, 2011
They often flown with their private jet to visit the most depressed places in the planet and learned from the people’s experience how to live in such depressing situation, they interact with people who ravaged by malnutrition, with Melinda holding malnourished and sickly children. They recorded their discoveries and learning experience by intensifying their foundation to help fund scientific researches on AIDS, pneumonia and other diseases.
He is Microsoft CEO and Chief Software Architect until 2010. He was named richest man in the world by Forbes magazine from 1995 to 2007 and 2009 (in 2008 the richest man in the world was his best friend, Warren Buffet and in 2010 Carlos Slim Helu of Mexico).
Thursday, January 27, 2011
So just how Facebook was born?
Years later, Zuckerberg and Saveren had a falling out which prompted the latter to sell more than half of his Facebook ownership. But unlike Zuckerberg who did not finish his course, Saveren graduated magna cumlaude at Harvard in 2006 with a degree in Economics. He now lives in Singapore and recently renounced his U.S citizenship.
While at Harvard, he developed a program “CourseMatch” for students to help form a study group and help them pick a class selection decisions online. Then he built Facemash (the parent of Facebook) which allowed users to select a best looking person from photo choices side-by-side. This invention became popular in the campus, but other serious-minded students were very angry at Zuckerberg because the program allowed users to pick photos without the owners' knowledge, of course Harvard was not amused, so the college department shut it down and Zuckerberg was subjected to a disciplinary action.
Months later, the computer genius dropped out and left Harvard and moved with his friends to Palto Alo,
By 2010, the social networking site reached the 500 million-user mark making it the number one social networking site in the world today which streamed billions of dollars to Zuckerberg’s account.
The billionaire is now into philanthropy, establishing a foundation called “Education Foundation”. In December 8, 2010, Zuckerberg signed on “The Giving Pledge”, a campaign initiated by two richest people in the world—Bill Gates and Warren Buffet-- encouraging American billionaires to make a commitment to share most of their money to philanthropic activities.
Update: On April 2012, Zuckerberg acquired INSTAGRAM, a photosharing and filtering application for iPhone. Facebook now is preparing its first Initial Public Offering which means Facebook would soon become a public company, hmmm I am wondering what is the impact of this to the users' account (I am afraid!).
FYI: Mark Zuckerberg is a Jewish and still single but he has a live-in girlfriend, Priscilla Chan, a Chinese medical student. As of May 2012, Forbes magazine named him the 35th richest person in the world with a personal net worth asset of $17.5 billion.
READ THE LISTING OF WORLD'S BILLIONAIRE HERE
Sources: Forbes Magazine, Fortune Magazine, Time Magazine
Marketing Myopia is an important marketing paper written by Theodore Levitt, a professor at the
The article focuses more on marketing strategy. It also introduced the most influential marketing idea that business will do better in the end if they will concentrate on meeting customers’ needs rather than on selling products. Levitt presented lots of ideas how to focus on consumers’ needs and expectations. He sighted different examples why business failed to grow in the industry they belonged, had they define their nature of business carefully, for instance the railroad being in the transportation business rather than the railroad business, they would have continue to grow.
Marketing Myopia is such a very in-depth business journal which thoroughly helps businessmen and executives understand better why the business exist, who its potential consumers are and how to foresee its future to avoid being stuck in the middle. Indeed, the paper summarizes one fact in business, that every major industry was seen at the start as a growing industry.
The paper is very concrete in sighting examples on why organizations are missing opportunities because of their short sightedness in predicting the future of the business. It is also clearly emphasized that the major setback among potential industries which failed to grow massively is not because of market saturation but because, in part, there has been a failure of management.
The paper emphasizes the importance of market and stakeholders’ research to be integrated on the company’s goals. This part of planning is very important because it underline greater opportunities in the operations as the industry evolves. Managers and executives should be trained to look beyond their current business activities and should not be confined only in the internal aspects of the business, they should think outside the perimeter to see the competitive changes surrounding them.
Feedbacks following the released of this journal in 1960 include the realization of some business executives what opportunities they had been missing because they are focusing only in selling and not in marketing. Consequently, the paper was influential as some companies began redefining their business classifications, for instance, oil companies, which represented one the author’s main examples in the paper, redefined their business as energy rather than just petroleum.
This journal is essentially useful to companies, especially to managers and top executives because the insights presented carry a strong impact on how to deal with their organizations effectively and efficiently. In order to build an effective customer-oriented company, the organizations should tap a good leader who could formulate a customer-creating system within the establishment.
Wednesday, January 26, 2011
He showed some videos related to "Product Development" topic including separate interviews of three world's most successful businessmen, Steve Jobs (Apple Incorporated founder),Warren Buffet (Berkshire Hathaway) and Bill Gates (Microsoft). Interestingly, these three companies topped the list of Fortune magazine's World's Most Admired Companies.
They gamely answered questions from students of the University of Washington. While answering questions, I noticed how natural Warren Buffet is, he is like a typical grandpa with no inhibitions and awkwardness, he injected so many humors, poking fun at Bill Gates most of the time which the latter acknowledged with chuckles.
Unlike Bill Gates who dropped out from Harvard, Buffet has a degree in Economics and went on to finish his Master of Economics degree at the prestigious Columbia University (he studied at Columbia after learning that Benjamin Graham, author of the book "Intelligent Investor" teaches there).
Though for the past 15 years, Fortune and Forbes magazines, made them compete on the number one spot of World's Richest Person, Gates and Buffet remained close friends through all these years and worked together to save many lives through out the world with their devotion to charitable works.
In 2007 and 2008 Buffet is world's richest man, Gates regained the honor in 2009 after Buffet donated $60 billion to Bill and Melinda Gates Foundation, but in 2010 the world was surprised when Mexican billionaire, Carlos Slim Helu made a sudden leap to the number one spot, sliding Gates and Buffet to number two and three spots respectively, nevertheless, judging through the interview, I could sense the amount of respect they had for each other. Gates clearly adored Buffet and even followed most of his life's principles
The story goes like this---after spending their "first night" as a couple (Bill and Melinda married in 1994), it was rumored that his wife jokingly told him "now I know why your company called "Microsoft"hahahhahaa! to which my classmates responded: "he could have name his company "Macrohard" to avoid controversy"..lol!
Nevertheless, the Microsoft founder continues to amaze the world, like the rest of world's billionares, particularly Warren Buffet and Mark Zuckerberg (founder of Facebook), Gates maintained a very simple lifestyle, in a stark contrast to other globe-trotting billionaires, he and his wife began taking a different path, touring the world's slump and most depressed areas to discover what's life beyond their station, they call this "a learning tour".
During the interview with Warren Buffet, Gates shared so many things about his life's philosophy, about his passion, about his business, his devotion to philanthropy and how much he adored his parents. He also shared that when he started his Microsoft business, he never think about "risk" he only think about his passion--developing software. At first, he never think about expansion, so he just picked his closest friends to help him run the business. Today, we all know how Microsoft influenced and dominated the world.
Just this morning (Jan.27) while reading an article from TIME magazine (seriously studying the article because this is part of our midterm exam in Ignatian Leadership for Managers subject) "From Riches to Rags" featuring Bill Gates, I was even more shocked when Gates surprisingly revealed he did not considering leaving the entire wealth to his children to prevent them from being too dependent, he said: "The ones who were the wealthiest were not the most motivated", perhaps he lived with the principles he got from Warren Buffet, "Give your kids enough so that they don't have to worry, but not so much that they don't feel the need to work and contribute". Much of the Microsoft fortune go to the Melinda and Bill Gates Foundation which his father, Bill Senior, a prominent lawyer, helped run.
Bill Gates said he and Melinda have not decided how much they will leave to their children. Warren Buffet on the other hand distributed 90% of his wealth to his own foundation. Buffet's children are working in the company to earn fortune for themselves. Now we know why these billionaires continue growing financially with tremendous blessings, their secret---share what you have to others who don't have anything!
Oh wow! that's amazing.
Marketing Myopia is a famous work of Harvard professor, Theodore Levitt, which was first published in the Harvard Business Review in 1960 . It became popular later on because Levitt's propositions were very practical. Eventually the paper revolutionized the concept of marketing management. You could just imagine how many pounds of tension and anxiety hit me at that moment.
Sunday, January 23, 2011
Wednesday, January 19, 2011
In 2006, I started writing a wedding script, silly as it was, but I was confident I could take a trip down-the-aisle before the year of the metal tiger will arrive. But as what dark fairytale would have it, destiny decreed otherwise....
Monday, January 10, 2011
Sunday, January 9, 2011
Sunday, January 2, 2011
The materials are very interesting of course! One time he shared to us the content of the best-selling book, BLUE OCEAN STRATEGY, which talks about market positioning strategies and how to overcome a stiff competition without bleeding the consumers’ interest, eventually swimming in the ocean of success. It was great! I will apply those strategies when I have my own business in the future.hehe!