"People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year."
- Peter Drucker, university professor, writer and business guru. He has written numerous books on management and business and is considered to be the "father of modern management".
The highlands of Ethiopia, especially Tigray, were notorious for their severely degraded land. High population density, unchanged agricultural practices, climate change, the steep topography and intermittent and extreme rainfalls are the main causes of land degradation in the area.
As I was glancing through my twitter feed the other day I run into a Ted Talk on “Why work doesn't happen at work.” Sort of intriguing, I thought, and probably full of good tips for most of us at the Bank Group.
Jason Fried, the talk protagonist, does a lot of thinking about collaboration, productivity and the nature of work. He's the co-founder of 37signals, and co-author of the New York Times-best seller "Rework."
A software entrepreneur, Jason offers some practical suggestions on how we could turn the office into a more productive place. After all, increasing productivity seems crucial to meet the twin goals of reducing poverty and boosting shared prosperity.
So, where do you really go when you need to get work done? That’s the question that Jason has been asking people for about 10 years.
"Management is not an intellectually satisfying occupation. It consists of telling people things that you’re not sure about and they don’t want to hear.”
- Andrew Smithers, Chairman and Founder of Smithers & Co., a leading advisor to investment managers on international asset allocation. He has contributed regularly to London Evening Standard, Sentaku Magazine and Nikkei Veritas, and he is the author of several books concerning investment, including his most recent, The Road to Recovery: How and Why Economic Policy Must Change (2013).
NGOs must strive for scale if they want to fulfil their roles as enablers and incubators in striving for development
Sitting out in the sun, in the middle of a public school premises, I intently looked at a woman clad in a patchy orange saree carrying a lean child on her lap. It was hard not to wonder whether her bare five years of primary school education really helped her understand public financial management! Indeed I was wrong. It was the sheer urge of entertainment and not curiosity about public financial management that drew her, and many more like her, to the premises of a government owned school in Hazaribaag, near the Beribaad, Mirpur area of Dhaka.
With urbanization in Sri Lanka expected to increase from 20% in 2000 to 60% in 2030, perpetual gridlock, polluted waterways, and smoggy skies could all be potential side effects. However, Managing Cities for Sri Lanka Green Growth, organized by the Urban Development Authority and attended by representatives from all major cities taught me some ways we may mitigate some of the negative effects and create a sustainable urban development through innovative locally driven initiatives.
The workshop introduced the Eco2Cities approach to urban development which looks at helping developing countries achieve ecological and economic sustainability in urban areas. Although all Sri Lankan cities currently face challenges related to poor urban planning, it was enriching to hear some successful and innovative initiatives carried out by certain communities that can be used as examples for others.
How much does management matter for economic performance? Despite a large industry of business schools, consulting firms, and airport books purporting to teach you the secrets of good management over the course of your next flight, the answer until very recently has been “we don’t know”. In a recent review, Chad Syverson goes as far as to say “no potential driving factor of productivity has seen a higher ratio of speculation to empirical study”.
Together with colleagues from Stanford and Berkeley, I have been working for the last couple of years to try and understand how much management matters by means of a randomized experiment among textile factories in India. In common with most firms in developing countries, the firms (with 300 workers on average) we were working with did not collect and analyze data systematically in their factories, had few systems for regular maintenance and quality control, had weak human resource systems for promoting and rewarding good performers, and had little control over inventory levels. The result was a high level of quality defects, large stockpiles of unorganized inventories, and frequent breakdowns of machines. 20 percent of the labor force was occupied solely in checking and repairing defective fabric (see picture).