#52

Couple of years ago, in the first MBA class I ever attended. The first complete sentence from the cool-looking professor was “Create Value !!”. It puzzled everybody in the class but then he raised a question …. Let’s say If every month we have HK$ 3000 spare, will we:

• buy something we like ?
• save it in the bank to earn 2% interest a year (no risk) ?
• buy some stocks to earn ? % of interest (at a risk, but high risk high return) ?
• loan it to a friend to earn ? % of interest (at a risk, you know, it depends on your definition of “friend”) ?
• hire someone (say a student) to make money for us, with an aim to have more than 2% of profit (at a risk, and how we can make money for sure ?) ?

I think most of us will pick the first three methods. However, our shareholders picked the last method. Reason ? Because they believed we can create value a lot more than saving the money in the bank or even loan it to other organizations …

So … are we creating value for ourselves, our customers and our shareholders ? Think thru it … if your answer is YES, good and keep up the good works – and create more value. If your answer is NO or “I’m not sure”, then we have to discuss …

+++

Recently there is a lot of news about the so-called Web 2.0 – i.e. the Gmail, Google map, Flickr, Del.icio.us, Technorati, Wikipedia etc. etc.. They all use technology like wiki, blog, tagging, AJAX, RIA, SOA etc. etc. and I’ve introduced them to you all for months. Anyhow …

Did you come across any cool sites / internet-services that you think that will change the world (at least your own) ? If yes, let us know … we welcome any new ideas (whether they can be implemented or not).

+++

Liverpool is our boss’ favorite soccer team and it did many many wonders in the past. One thing that you may or may not know is the “Liverpool Club Song” was written 60 years ago and sung by many many singers and classes (it is the standard song for graduation classes in USA). The name is “You’ll never walk alone” and here is the lyric …

http://family.maltanet.net/hawk/html/Songs

Walk on, walk on, with hope in your heart, and you’ll never walk alone…

Author: Michael Yung

Michael possessed over 30 years of experience in Information Technology with focuses on complex application development, database technologies and IT strategy. He also spent the last 20 years in Internet technology, eCommerce development / operations, web usability, computer security and Public Key Infrastructure technologies. View all posts by Michael Yung