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Wednesday, February 19th, 2020
Maybe it takes tech to beat tech.
Or founders who plan to walk their talk even after them become successful, unlike the “don’t be evil” guys.
More entrepreneurs are pursuing social or environmental goals, said Greg Brown, a professor of finance at the Kenan Institute of Private Enterprise at the University of North Carolina.
Companies like Toms, Warby Parker and Uncommon Goods have pushed this concept into the mainstream by creating successful business models built around helping others. This trend has led to the rise of B Corporations, a certification for companies that meet high standards of social responsibility. The program started in 2007, and now more than 2,500 companies have been certified in more than 50 countries.
Including Afghanistan.
Not all these startups make it and many are choosing to do it sans investors who often start pushing for growth and revenue, social mission be dammed.
And they are slowly succeeding.
Companies like Moka are a reflection of how consumers think as well, Professor Brown said. As people’s wealth increases, they think more about quality and less about quantity. They also consider the social context of what they’re buying.
Others are developing tech to defend against tech.
The “bracelet of silence” is not the first device invented by researchers to stuff up digital assistants’ ears. In 2018, two designers created Project Alias, an appendage that can be placed over a smart speaker to deafen it. But Ms. Zheng argues that a jammer should be portable to protect people as they move through different environments, given that you don’t always know where a microphone is lurking.
These may not be the solution, assuming there is one, but this definitely isn’t.
Rather than building individual defenses, Mr. Hartzog believes, we need policymakers to pass laws that more effectively guard our privacy and give us control over our data.
You have on to consider tech’s actions in Europe to know that laws don’t stop tech.
There’s another potential positive brewing in tech — actually a disruption of sorts.
That’s the long-time coming move away from current ageist thinking.
As brilliant as young coders are, though, the industry can’t survive on technical chops alone. Last year, Harvard Business Review shared that the average age of a successful startup founder isn’t 25 or 30—it’s 45 years old.
Call it a miracle, but investors, the majority over 40, are starting to value the experience that comes with age.
Hopefully, in the long-run, the potential for success will outweigh the hang-up on age.
As a whole, entrepreneurial communities also need to do more to bring diverse groups to meet-ups, panels and speaking engagements. The importance of having more voices at the table can’t be diminished.
Let’s just hope it isn’t too long.
Image credit: Ron Mader
Posted in Culture, Entrepreneurs, Motivation, Retention | No Comments »
Tuesday, January 21st, 2020
Hey guys, are you doing your all to optimize your existence?
Success, money and disrupting an industry just doesn’t cut it anymore.
“Optimizing” is the male version of the same techniques women have been forced to use for decades to avoid being labeled old, AKA, unhireable.
Of course, old is relative.
The stretch number used to be 30 for women and no top for men.
While aging out for women hasn’t changed much, men’s has dropped like a stone, especially in the rarified atmosphere of Silicon Valley and other tech environs.
So what’s a guy to do?
The same thing women have been doing for decades.
These men are turning to procedures like Botox, fillers, laser treatments, and radio frequency microneedling, a technique that stimulates collagen and rejuvenates the skin. In some cases, they’re going under the knife for eye and neck lifts, according to the Post.
Who would have thought that any form of gender parity in tech would be driven by rampant ageism?
Image credit: paul stumpr
Posted in Hiring, Personal Growth | No Comments »
Tuesday, December 17th, 2019
A recent article in Wired focused on the industry claim, amplified by the media, that driverless cars will be a boon to seniors — not that any of them were asked.
Not only are the claims that these systems might help older people overblown, they’re also made, for the most part, without including those older people in studies of the effects of the technology.
What a joke. If you claimed to design a better surfboard, but had never surfed, people would be more than skeptical.
This is a common cycle in technology, more broadly. Over and over again, designers claim their products will be great for an aging population without actually including that population in the conversation. “I think there’s been a lot of new technologies being marketed toward older adults but that haven’t necessarily been designed for them, with their capabilities in mind,” Wendy Rogers, a professor at the University of Illinois, told me for an episode of my podcast Flash Forward. (…)
In many cases, such products were designed by younger people with little sense of what seniors actually need. “So, the buttons are small, the voice quality is not easy to hear, the number of steps required to set it up to get it to do what you want to do is complicated,” Rogers told me. “There are a lot of apps out there, things that are supposed to support pain management, for example, and they’re just not designed well for older adults.”
One of the best examples of bad design is found in most alarms, such as smoke alarms and carbon monoxide monitors. They all have one thing in common, the sound they emit is usually high-pitched, which is pretty useless, since high frequencies are the first to go; not just in old people, but in middle age and younger.
A friend in the geriatric field told me that nursing homes and assisted living facilities often have trainees smear a light coating of Vaseline on their glasses. Functioning all day (or longer) gives them a much better understanding of what many seniors deal with all the time.
You would think companies would be more interested in the reactions of their target market, but when that market is seniors, companies see no need to ask, since they know best — especially true when technology is involved.
There seems to be an assumption, conscious or not, that as joints stiffen brains do, too. And I’m sorry to say it is much worse in younger males.
And younger males are the guys who get funded first.
Do you see a problem here?
Image credit: foundin_a_attic
Posted in Communication, Innovation | No Comments »
Monday, December 16th, 2019
Poking through 11+ years of posts I find information that’s as useful now as when it was written.
Golden Oldies is a collection of the most relevant and timeless posts during that time.
Our population is aging, so more and more products are being developed for that market. The problem is that they are being developed by 20 and 30-somethings based on their idea of what’s needed — but in most cases they don’t have a clue.
Read other Golden Oldies here.
How would you respond to the following if you a large segment of your target market was older?
-
- Would you hire a woman?
- Would you hire an old woman?
- A really old woman?
- Could such a woman contribute significantly to a project?
- What could she teach your hot, young engineers?
While most founders would answer ‘no’ or ‘nothing’, IDEO thinks differently.
The company recently hired Barbara Beskind and both she and IDEO consider her 90 years a major advantage.
She applied after seeing an interview with IDEO founder David Kelley, who talked about the importance of a truly diverse design team and hires accordingly.
The aging Boomer market has companies salivating and hundreds are developing products for them.
The problem, of course, is that younger designers have no idea what difficulties older people face; not the obvious ones, but those that are more subtle.
Beskind does.
For example, IDEO is working with a Japanese company on glasses to replace bifocals. With a simple hand gesture, the glasses will turn from the farsighted prescription to the nearsighted one. Initially, the designers wanted to put small changeable batteries in the new glasses. Beskind pointed out to them that old fingers are not that nimble.
“It really caused the design team to reflect.” They realized they could design the glasses in a way that avoided the battery problem.
It’s the little things that make or break products and the knowledge of the little things comes mostly from having been there/done that.
That kind of insight is priceless.
Now how would you answer those questions?
Image credit: jm3 on Flickr
Posted in Golden Oldies, Hiring | No Comments »
Monday, July 8th, 2019
Poking through 13+ years of posts I find information that’s as useful now as when it was written.
Golden Oldies is a collection of the most relevant and timeless posts during that time.
We all have visual prejudices that have nothing to do with race, ethnicity, gender anything obvious. It’s important to know your own or you can’t hear past them. I worked hard to be aware of mine. I had no choice, because, back when I was a recruiter, I occasionally met my candidates. I vividly remember two of them, because if I had met them before I presented them and set up interviews I wouldn’t have, which would have cost me dearly, since both were hired (different companies). Why not? Because they both hit my visual prejudices.
Read other Golden Oldies here.
Discrimination comes in many forms.
All of them are grounded in stupidity, but it’s age and appearance that I want to focus on today.
Layoffs are always a time when age is in the limelight, but this time it’s working in reverse.
“The share of older Americans who have jobs has risen during the recession, while the share of younger Americans with jobs has plunged.”
It seems that at least parts of corporate America have learned to see past the obvious.
“…employees whom companies have invested in most and who have “demonstrated track records…tend to be more experienced and are often older.””
So some companies have discovered that years of experience have substantial value when it comes to the success of the company.
But what about appearance? How much is hearing influenced by how someone looks at first take?
What better venue in which to consider this than the original British version of American Idol where the contestants are mostly young, generally good-looking and always bust their tails to make an impression.
How well do you think a slightly frumpy-looking 47 year old woman would fare under the scathing tongue of Simon Fuller?
How much do you think talent would offset the obvious visual assumptions made by both the judges and the audience?
Watch the judges and audience reaction carefully before Susan Boyle performs and how quickly it changes when she starts singing (embedding is disabled on this video); check out some of the more than 50 thousand comments.
Think about what happens when a “Susan” comes to interview; how well do you hear past her (or his) appearance?
Then come back and share your thoughts with us.
PS For a fascinating look at Susan read this article in the NY Times.
Image credit: cwsillero on sxc.hu
Posted in Culture, Golden Oldies, Hiring | No Comments »
Wednesday, May 8th, 2019
Think about this.
Since 1998, the US has seen employment rise by 22 million to reach historical highs. The main cause of this increase isn’t the dynamism of Silicon Valley or the entrepreneurial energy of Brooklyn hipsters. The vast majority (90%) of this increase is due to higher employment for workers aged 55 and above.
Unless you’ve been hiding in a barrel, the greying of the workforce won’t be news.
What does surprise many managers is that older workers are looking for the same things in terms of culture and management as Gen X and Millennials.
Which are pretty much the same things workers have always wanted and I doubt that will change with Gen Z or the generations that follow.
No matter the role you’re hiring for, if you are smart the candidate’s age isn’t going to affect your decision.
And if it doesn’t, then you have conquered one of the biggest hurdles to being a great manager.
Moreover, you will have fewer problems staffing, since you will have a far larger candidate pool to choose from.
Image credit: Amtec Photos
Posted in Culture, Hiring | No Comments »
Tuesday, December 4th, 2018
In case you hadn’t noticed the fertility rate is dropping, the world’s population is aging and it’s happening in a way that will forever change the workplace.
Back in 2010, Standard & Poor’s predicted that the biggest influence on “the future of national economic health, public finances, and policymaking” will be “the irreversible rate at which the world’s population is aging.”
As usual, our governments at all levels are doing little more than funding studies, wringing their hands and making dire predictions. In all likelihood they will continue doing more of the same, since constructive efforts would require bipartisan cooperation, and politicians aren’t known for their willingness to bite unpopular bullets — as our country’s aging/decrepit infrastructure proves.
Companies, by contrast, are uniquely positioned to change practices and attitudes now. Transformation won’t be easy, but companies that move past today’s preconceptions about older employees and respond and adapt to changing demographics will realize significant dividends, generating new possibilities for financial return and enhancing the lives of their employees and customers.
Companies might be in a better positioned, but rampant cognitive bias, whether unconscious or conscious, often prevails, resulting in a preference for hiring “people like me.”
Soon, the workforce will include people from as many as five generations ranging in age from teenagers to 80-somethings.
Are companies prepared? The short answer is “no.” Aging will affect every aspect of business operations — whether it’s talent recruitment, the structure of compensation and benefits, the development of products and services, how innovation is unlocked, how offices and factories are designed, and even how work is structured — but for some reason, the message just hasn’t gotten through.
So forget companies.
Current bosses, as well as bosses-to-be, have the great advantage of being able to do it now themselves, rather than waiting for their companies to act.
And it’s to their advantage, assuming they want to keeping their teams humming, well-staffed and highly productive.
But, depending on your MAP (mindset, attitude, philosophy™), don’t expect it to happen overnight or minimize the amount of work that may be required.
To get started, click the link at the link. It will take you to a seven part series in the Harvard Business Review called The Aging Workforce. It’s probably the fastest way to wrap your mind around what’s happening in all its complexity — or at least a lot of it.
And join me tomorrow for a closer look at cognitive bias, which affects the entire human race — including you and me.
Image credit: Justin Henry
Posted in Culture, Hiring, Personal Growth, Retention | No Comments »
Monday, December 3rd, 2018
Poking through 11+ years of posts I find information that’s as useful now as when it was written.
Golden Oldies is a collection of the most relevant and timeless posts during that time.
I wrote this post in 2008, midway through the Great Recession (2007-2009), which lowered demand for talent and mitigated the expected people shortage. It took a decade, but the talent shortage is here with a vengeance — at all levels. Moreover, birth rates have fallen below replacement needs creating a demographic time bomb. One result is that bosses at all level need to become expert at managing a multigenerational workforce — not just managing, but also hiring outside their comfort zone if they want to stay staffed. More on that tomorrow.
Read other Golden Oldies here.
Great post by Steve Roesler over at All Things Workplace on How Age Impacts Your View of Life. It focuses on satisfaction and expectations at various stages of life. Click over, it’s well worth reading.
But what I wanted to discuss here today appeared near the end of the post.
“During the past few years we’ve seen the headlines for Talent Wars, Saving Institutional Knowledge and Learning, and Diversity. My experience so far with recent layoffs has been that workers nearing retirement are being offered packages to accelerate their decisions…I wonder if the decision-making maturity and collective knowledge of these newly “retired” workers will be irreplaceable and actually prompt a lengthening of the recovery process.”
Steve’s got a point about the recovery, but what if this mess hadn’t happened?
What if a normal down cycle had occurred? One that didn’t go global with the same vengeance; one that required only spotty realignment as opposed to wholesale layoffs.
Worker demographics have been a global concern for over a decade, but the MAP (mindset, attitude, philosophy™) and the corresponding skills needed to manage a multigenerational workforce haven’t improved nearly as much as was hoped.
Why? Is there a root to the problem (challenge, if you prefer) that should be addressed, but isn’t?
I have an idea about the root, tell me what you think.
I believe that one large piece of this problem stems from the relationship of parents and children and the difficulty of letting go and changing the paradigms.
Notice that ‘paradigm’ is plural, since there are several going on simultaneously; the major ones are
- older (parent), younger (child);
- peer (siblings/relatives) to peer;
- older (sibling/relative), younger (sibling/relative) and vice versa,
but there are multiple other minor configurations.
What I’ve found is that although there is no family involved, for many people the interaction styles are habitual, unconscious and happen across all ages with no discernible pattern.
If, in fact, this is a root problem how do we fix it? Other than a one-at-a-time approach I have no idea.
What are your thoughts regarding the validity of my hypothesis? What ideas do you have to address it?
Image credit: Wonder Woman
Posted in Business info | No Comments »
Tuesday, November 13th, 2018
Typically, I don’t use this space to vent my personal rage, but I am today and the focus is Skype.
I’m also ranting late in the game, since the cause of my rant happened summer of 2017.
I kept hoping they’d fix it, which just goes to show what happens when optimism overrules common sense and experience.
It used to be great, but the ground up redesign…stinks is the most polite term I can think of.
Of course, it’s not just me, look at the 295 reviews at Consumer Affairs or The Verge article (or dozens of others), but all I read talked about their using it on their phones.
I use Skype chat on my laptop daily to work with colleagues in Russia. It’s business, not social.
I wondered why (I always wonder ‘why’.) Microsoft so totally screwed it up.
I found the answer in the Digital Journal.
As set out by The Next Web, the bulk of the criticism lies in the decision to reinvent Skype as a social-first app. Skype’s old focus on chats, calls and professional communication has been dropped in favour of building an all-out Snapchat clone for younger users.
No wonder I didn’t understand. I’ve never used Snapchat and certainly don’t qualify as a “younger user.”
Sadly, none of the updates since then have fixed anything.
You would think Microsoft would have at least some respect for their business users.
The reasoning and the action is what I would have expected from Steve Ballmer, but not from Satya Nadella.
If nothing else, you’d think they might, at least, have heard the adage “if it ain’t broke don’t fix it.”
Image credit: Logoworks
Posted in Communication | No Comments »
Tuesday, April 17th, 2018
Yesterday’s Golden Oldie ended with my sarcastic comment about tech’s distorted and manipulative approach to data a la “gut instinct” and “pattern recognition,” especially when it comes to age and gender equity.
Data only matters when it supports prevailing prejudice.
A couple of years later I linked to articles that clearly showed that age was more a mental state than a physical one, including this one.
Vivek Wadhwa, a Duke University researcher, worked with the Kauffman Foundation in 2009 to explore the anatomy of a successful startup founder. That survey of more than 500 startups in high-growth industries showed that the average founder of a successful company had launched his or her venture at the surprisingly high age of 40. The study also found that people over 55 are almost twice as likely to launch high-growth startups than those aged 20 to 34.
In March, Forbes again focused on the fact that older entrepreneurs are more successful.
…late-career entrepreneurs benefit from the kind of deep domain expertise that younger counterparts lack. The more intimately an entrepreneur knows their particular industry, after all, the better positioned they are for success. A newly published study of hundreds of companies confirmed just this: the startups most likely to succeed have technically savvy founders who know their space inside and out. A classic example is Garmin, maker of the ubiquitous GPS devices. The company was started in 1989 by two career aerospace contractors (in their 40s and 50s, at the time) who pooled their technical know-how to turn military-grade technology into consumer tools. Today the company is worth more than $10 billion.
Even Brian Acton was almost ancient when he founded WhatsApp at 37.
Earlier this month, KG sent along an article from TechCrunch that added more data.
What they found is that the average age of a startup founder is about 41.9 years of age among all startups that hire at least one employee, and among the top 0.1 percent of highest-growth startups, that average age moves up to 45 years old. Those ages are taken from the time of the founding of the company.
The researchers broke down the population of founders along a number of lines, including geography and industry. They found little difference in their results between subcategories, and, in many cases, the subcategory definition actually increased the average age. For instance, industries like oil and gas can have average founder ages as high as 51.4 years old. The researchers wrote that “The only category where the mean ages appear (modestly) below age 40 is when the firm has VC-backing. The youngest category is VC-backed firms in New York, where the mean founder age was 38.7.”
One interesting dynamic in the data is that older entrepreneurs appear correlated with better startup performance. “For example, the 1,700 founders of the fastest growing new ventures (1 in 1,000) in our universe of U.S. firms had an average age of 45.0 (compared to 43.7 for the top 1% and 42.1 for the top 5%),” the researchers wrote.
As you mull these numbers, stay aware that these are companies with actual, and often substantial, revenues, as opposed to valuations based on fundraising and hype.
Image credit: Hawking.org
Posted in Entrepreneurs, Personal Growth | No Comments »
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