Which are the best principles for effective risk management?

Source: Which are the best principles for effective risk management?

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To fully reconcile The Boer War is to fully understand the ‘BLACK’ Concentration Camps

Source: To fully reconcile The Boer War is to fully understand the ‘BLACK’ Concentration Camps

Posted in Character, Organizations

How to Do A SWOT Analysis on Yourself (And Why You Need One)

Stupid WordPress not Embedding proper anymore so Copy and Paste with Quoting Source 😉

One of the most basic lessons you learn in first year business school is the SWOT analysis – strengths, weaknesses, opportunities, and threats. And it’s a great framework to apply to your business to understand what you do well, what you can improve on, and where the greatest threats to your company lie.

But how about a SWOT analysis on ourselves? Where are your blind spots? What do you struggle with? Here’s a simple framework to give it a go:

Strengths: What are your strengths as an entrepreneur? What do you do particularly well? Or what, in the words of Chris Sacca, what’s your “unfair advantage?”

Perhaps you’re great with product design. Or perhaps your distinguishing characteristic is your ability to sell. Or maybe you can work a room like nobody’s business. Knowing your strengths tells you what added value you can uniquely bring to your business.

Weaknesses: You might be a terrible planner. Or you might procrastinate like nobody’s business. Or you might dread making sales. But you might also feel uncomfortable admitting it or talking about your weaknesses. But unacknowledged weaknesses are business killers. They slowly eat away at the core of your business, with little hope of ever changing the situation. So pay particular attention to weaknesses as you do your personal SWOT – and be as honest as possible with yourself as you do.

Opportunities: Opportunities can be chances to build on your strengths and rectify your weaknesses – either through self-improvement or by adding additional members to the team with complimentary skills. But of course, opportunities can only be leveraged if weaknesses are recognized and acknowledged – yet another reason that honesty is so essential in the process of conducting your personal SWOT.

Threats: Finally, threats can come from multiple places. Your skills may no longer fit the needs of the business you’re in. You might face competition from others who do have these skills – and if you’re unable to acknowledge (and work on) your weaknesses – while at the same time, leveraging and accentuating your strengths, you could find yourself in a precarious professional position. And along these lines is the threat that you as the leader might lack the self-awareness or courage to look yourself in the mirror and conduct a honest, self-reflective SWOT analysis in the first place.

Doing an honest, self-reflective personal SWOT analysis is useful for anyone at any stage of their career. But it’s especially useful for entrepreneurs, who need such a wide-ranging set of skills to achieve their goals and find success in their business. Have you conducted a personal SWOT analysis? If not, what’s holding you back?

Visit here to receive my free guide to 10 cultural codes from around the world, and here for my very best tips on stepping outside your comfort zone at work.

Andy Molinsky is the author of Reach and Global Dexterity.

Originally published at Inc.com.

Source: https://www.linkedin.com/pulse/how-do-swot-analysis-yourself-why-you-need-one-andy-molinsky

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With the impending economic collapse, some Bartering Basics ;-)

“Post borrowed from 21st century Preppers”
Thanks to Jim Cobb

Barter and Trade
This is one of the most common topics in prepper literature, especially online. I’d estimate it ranks just under bug out bags in terms of popularity. My theory is that many preppers are broke and relish the thought of not having to worry about money and instead could “pay the bills” with stuff they’ve stockpiled. That and the whole idea of not having to pay taxes, of course 😉

Barter and trade was probably the first type of financial transaction in man’s history. Uggo trades Shek three fish for a rabbit pelt, that sort of thing. Today, most transactions are made using currency of some form, which makes things vastly easier in many respects. After all, who wants to stop in at Wall-Mart and haggle over how many dozen eggs equal a tube of toothpaste, package of paper towels, and a hair dryer?

The problem with barter has always been deciding the relative worth of the items in hand. This is a decision that is relatively arbitrary. A lot depends on how badly each party wants what the other has to offer. If Uggo really, really needs that rabbit pelt, he might be willing to part with a lot more fish. Of course, if Shek already has so many fish they are starting to rot, Uggo better have something else to trade.

This leads us to the question that is often posed – what items should a survivalist stockpile for use in future bartering? There are many schools of thought on this topic, with both good and bad points for each. A key element to remember, though, is that for a barter or trade to happen, both people involved must bring something of perceived value to the table. You could have stockpiled all the greatest trade goods on the planet but if no one around has something you want or need, then what?

There are essentially two categories for what you might have available to trade or barter – stuff and skills. Stuff refers to the physical items you have on hand you could trade to someone else for either goods or services. Skills are the services you could provide in exchange for what you need.

The key elements in my opinion as to what items to stockpile for future use in barter are:

1) They must be relatively inexpensive now

It makes little sense to spend a ton of money on potential trade goods. I’d much rather see you invest your finances, time, and energy into stockpiling the stuff you and yours will need for the long haul.

2) They must be long lasting and easy to store.

Investing money in anything that goes bad before you need it is a bad move. You and your family also probably don’t want to be living in a Costco simulation. Stick with stuff that will last a long time and won’t be a headache to store.

3) They must have inherent use for you, whether you trade them later or not.

This is important. There might very well never come a time when you’ll need to use the items for barter. Concentrate on storing items that you’ll use anyway.

4) They must be easy to divide into small quantities.

When we’re dealing with trade goods rather than currency, making change can be tough. You don’t want to be in a position where you’ll need to part with a large item in trade for something small just because that’s all you have to give.


    Some suggestions for stuff to stockpile for use in bartering:


Hard candy
Coffee / tea

Toilet paper
Feminine hygiene
Pain relievers
Caffeine pills
Yeast infection creams

Garden surplus
Powdered milk
Drink mixes
Vegetable oil
Heirloom seeds

Dental floss

Cheap folding knives
Can openers
Butane lighters
Strike anywhere matches
Nails, screws
Hand tools
Cloth, patches
Needles, thread
Safety pins
Socks, underwear

Here are some skills that would have high value after a collapse. Again, same with stuff, the skills must have inherent value to you and your family.

Medical (including herbal remedies)
Automotive, small engine repair
Home brewer, distiller
Leather working, tanning
Smithing, metal working

Obviously, if you have skills to offer, you should have stockpiled the necessary tools and supplies to do the job. Most of the above skills would be well suited for a cottage industry after a collapse.


    The key elements to a successful trade either now or later:


1) Both sides should be happy with the result. Ideally, each party will feel they got the better end of the trade.

2) The trade should take place in a safe manner, as best as is possible. Thus, I highly discourage the idea of trading ammunition, just in case the other person feels like returning their “purchase” using some form of quick delivery system. If the other party is a neighbor or friend, obviously that is a less worrisome transaction than someone relatively unknown. In the latter event, perhaps you can work out a neutral location to swap goods.

3) After TSHTF, it is important you don’t “tip your hand” and make it known you have a stockpile of goodies just waiting for someone to decide they want for themselves. Although, with the right system of protection in place, setting up shop as a trading post may indeed be lucrative.

While the whole idea of prepping is to have all you’ll need to last for as long as necessary, we’re all only human. We might overlook something. We might run out of something. We might find our supply of this or that has gone bad. Prepping for barter assumes there will be someone else who has what you need, of course, but if you stick to the rules outlined above, you shouldn’t end up sitting on a pile of stuff you’ll never use.

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5G in action: KT’s plans to showcase 5G

The ITU Blog

By Dongmyun Lee — Chief Technology Officer, KT

Today we are witnessing the start of an unprecedented smart revolution driven by the latest advanced digital and mobile technology: 5G.

5G promises to deliver higher data rates, lower latency, and more reliable connectivity. In a sense, these improvements are already happening, at a slow, but steady pace, through existing technologies and services, such as fourth-generation long-term evolution (4G LTE), fixed-broadband service, WiFi, and the Internet-of-Things (IoT).

Once 5G technology is commercialized, however, these new applications will come in much greater variety, with enhanced precision — and the speed of change will be much faster.

5G technology is forecasted to provide 100 times faster data speeds than the current 4G LTE technology. It is also expected to enable network connectivity with ultra-low latency equal to less than one-tenth that of present communication systems. It will also make massive connectivity possible, so that hundreds of…

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I2+R1a+R1b Contact Area – PIE Urheimat

The Maykop culture, the R1b link to the steppe – archeology also shows a clear diffusion of bronze working and kurgan-type burials from the Maykop culture to the Pontic Steppe, where the Yamma culture developed soon afterwards (from 3500 BCE)… R1b-M269 (the most common form in Europe) is closely associated with the diffusion of Indo-European languages, as attested by its presence in all regions of the world where Indo-European languages were spoken in ancient times, from the Atlantic coast of Europe to the Indian subcontinent. It has been hypothetised that R1b people (perhaps alongside neighbouring J2 tribes) were the first to domesticate cattle in northern Mesopotamia mayakopsome 10,500 years ago. The analysis of bovine DNA has revealed that all the taurine cattle (Bos taurus) alive today descend from a population of only 80 aurochs.

Source: I2+R1a+R1b Contact Area – PIE Urheimat

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Ubuntu- “I am what I am because of who we all are”

Ubuntu- “I am what I am because of who we all are”

Motivation, Inspiration and Life

“Ubuntu is a philosophy that considers the success of the group above that of the individual.” Stephen Lundin- Ubuntu!

The word ‘Ubuntu‘ originates from one of the Bantu dialects of Africa, and is pronounced as uu-Boon-too. It is a traditional African philosophy that offers us an understanding of ourselves in relation with the world. According to Ubuntu, there exists a common bond between us all and it is through this bond, through our interaction with our fellow human beings, that we discover our own human qualities. Or as the Zulus would say, “Umuntu Ngumuntu Ngabantu”, which means that a person is a person through other persons. We affirm our humanity when we acknowledge that of others. The South African Nobel Laureate Archbishop Desmond Tutu describes Ubuntu as:

‘It is the essence of being human. It speaks of the fact that my humanity is caught up and is…

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