Is there a long tail for higher education?
"Thirty years from now the big university campuses will be relics. Universities won't survive. It's as large a change as when we first got the printed book. Do you realize that the cost of higher education has risen as fast as the cost of health care? And for the middle-class family, college education for their children is as much of a necessity as is medical care—without it the kids have no future. Such totally uncontrollable expenditures, without any visible improvement in either the content or the quality of education, means that the system is rapidly becoming untenable. Higher education is in deep crisis.”
from wikipedia article of Peter F. Drucker
Why is it that when i graduated from Ateneo in 1981, my tuition fee was P2,200 per semester. Today, you're looking at over P90,000 per year for an Ateneo diploma? Mind-boggling
MECOMET Final Exams (Sept. 9, 2006)
(for reference of future students of this course)
Essay type questions. Select and answer ANY FOUR among questions 1 to 6.
Each will have a weight of 20 points each. Instead of being general, try to be
specific, and even personal, with your answers.
Answer each question on a separate sheet of paper. Do not write your names on
your answer sheet. Simply identify yourself via your cellphone number. You
have three hours to complete the exam. If you are aiming for a higher grade,
answering a fifth question will earn you BONUS points.
Question 7 must be completed and submitted (electronically) via email (to
email@example.com) by 1pm of Sept 11, 2006. No extensions. This is also
worth 20 points.
1. Define the New Economy. How is it different from the Old Economy?
Select three of the more important of the Ten Rules of Kevin Kelly and
discuss/justify why they are critical to success in the New Economy.
Which nation or organization is ahead in the New Economy? Cite
examples. How does the Philippines catch-up or get there?
2. Select three of the ten flatteners of Thomas Friedman and illustrate how
the Philippine Government should capitalize on these technologies,
events, forces, and companies. What does Globalization 3.0 mean? What
traits, characteristics, assets, and “intangibles” do we Filipinos have which
the Chinese, Indians and Russians do not have? Discuss.
3. Google is giving away free WiFi in Mountain View California and possibly,
San Francisco. Select a Metro Manila City and Mayor who might be able
to lead the crusade to convince Google to pilot test free WiFi in their city.
Identify and discuss three specific “selling points” or arguments to
convince Google to initiate a WiFi project here instead of other Asian
4. We are in the post-PC era and at the beginning of the mobile computing
era. You have been short-listed to become CEO of Sun Cellular. Suggest
three possible programs, strategies, and “killer app” under your “watch” to
become the second largest cellular carrier in the country. Negotiate for
your annual salary based on these plans and initiatives. For discussion
purposes, say that Sun has 3 million subscribers and Globe has 15 million
subscribers. Take into consideration principles, lessons, podcasts, and
ideas that you have learned in this course. Illustrate where you hope to
draw the 12 million subscribers to surpass Globe (Clue: Approach this
from a “generational” or age group point of view)
5. Nielsen Analytics, using a sample of 400 iPod users has observed that
60% of Blacks and 50% of Hispanics have decreased listening to the radio
in favor of downloaded music and audio. Locally, how can the other
networks, apart from ABS-CBN, and GMA, use podcasting to improve
their local and (more importantly) international market share? Use
specific examples and vertical market niches.
6. What is Chris Anderson’s Long Tail Theory? What are the three Rules?
Cite examples. Identify five Philippine industries and companies that are
in a position to exploit the Long Tail Theory and Global Markets. Estimate
the Million $ annual revenue (potential) for your choices.
7. (Due by 1pm on Sept 11, 2006) Set-up your personal Blog and discuss
the three things, ideas, topics you liked most about this course. You may
also wish to share your evolving ideas about technology, economics, and
the web, among other things Also discuss how you plan to re-invent
yourself professionally and personally in the next five years and link to the
three or five podcasts and speakers that contributed to your new outlook.
Food for thought:
“The Web is more a social creation than a technical one. I designed it for social
effect – TO HELP PEOPLE WORK TOGETHER – and not as technical toy. The ultimate
goal of the Web is to support and improve our web-like existence in the world.
We clump into families, association and companies. We develop trust across the
miles and distrust around the corner. What we believe, endorse, agree with and
depend on is representable and, increasingly, represented on the Web. We all
have to ensure that the society WE BUILD with the Web is of the sort WE INTEND. “
Sir Tim Berners Lee, Inventor of WWW
Weaving the Web, Chapter 10, p. 133
Pinoy Asset or Liability (Writer Unknown) - Thought Provoking for Millions of Pinoys
Asset or Liability
THE BASICS OF CASH FLOW
There are those who have e-mailed me asking about the basics of cash flow. I'm really sorry that I assumed everybody understands it. Anyway, by demand? here it goes!
May isang bata? joke lang.
The basic is. What pattern do you see if you will get a P100.00 bill and monitor where and how it is transferred from 1 possessor to the other? How does it flow? The pattern for a typical Pinoy is.
You earn from your work, you spend it on food, gadgets, clothing and other basic needs. Before you reach the next payday, paubos na yung pera mo. But that's ok payday is just a few days ahead and it doesn't matter if I run
out of money, I am expecting money again any time soon.
This cycle goes on and on and you make some sidelines or create other ways to earn but it seems that money was never enough. (I am tempted to explain further pero usapan? basics lang).
So you can't leave the job that you have because a week without work would affect the cash flow you have to support your family and needs. As much as you wanted to accept another job, the gap would make you pay less for a couple of days, which makes you a slave to your boss.
At least, you have a job to support your needs.
So to illustrate?Cash is flowing inside your pocket.
Years have gone by doing your monotonous routine.
Question? what if you get fired? Or you were forced to retire because there are new and younger people ready to take your place. What would you do?
As an OFW, Makati Executive, Top Salesman, Engineer, Attorney, Teacher, etc? What if it all ends? The sweet cash that enters your pocket every 15 th and 30th suddenly comes to a halt.
There are two things you can buy with your money? An asset and a liability. To describe each... An asset brings money inside your pocket; a liability takes money out of your pocket. Another way to see, it is that
an asset if you buy one, will bring the money you spent for it back to you 2 or 3 folds. A liability, when you buy it will not give your money back at all.
Sa ilocano? idjay ti kwa? djak maawatan? (joke lang po, seryoso na kayo eh?) Sa madaling salita? kapag asset, maibabalik ang pera , pag liability, goodbye sa pera?
Ang problema kay JUAN DE LA CRUZ, habang may trabaho ipon ng ipon at bili ng bili ng liability!
I have seen OFWs get back to the country with gold chains at kung pwede lang limang shades ang isuot ng sabay-sabay gagawin nya eh? Dvd, component, jackets, clothes, inuman, pulutan, party, pabango? hindi na makalakad sa dami ng bitbit?
At s'yempre mga empleyado natin dito sa bansa na lingo-lingo bago cell phone at mags ng kotse.. hindi na nga magkasya ang damit sa aparador, tapos pag umaga sasabihin?. wala na akong maisuot.
Guys, esep-esep? what you bought? will it bring money back to you? I know what you have in mind? you have to enjoy what you worked hard for. That's right, but think of something that will last? think of your future.
I have seen the worst of people who were abogado de kampanilya, executive secretaries of top rank business men, people who worked for big companies, earned a fortune and got a big retirement pay by the millions? Now?. Wala na.
Why? Because of their cash flow? went in? went out.
I need not to mention basketball players, actors, singers, etc? Check what is their career path? next after acting, singing and playing? POLITICS. Kasi, 'yung million na kinita nila, puro liability ang binili.
Going back? all the liability they bought, ibinenta ng mura! I'm wearing a gold chain now, which I got from a seaman? he bought it for P35,000 and sold it for 8,000 to me. Hindi po asset ang alahas! Bakit? Totoo na
tumataas ang value n'ya pero kapag gutom ka na, kahit palugi ibebenta mo! (wala bang aaray?) Cell phones? dvd players etc. pati bahay at kotse? that's the cash flow of most OFWs?
The question is ? "WHAT IF THE INCOME STOPS?"
Sa Pinoy, ganito: anak? mag-aral kang maigi, at pag tanda namin? ikaw na bahala sa amin ha?. Hindi po ba maling-mali?
You have to establish something today that will take care of your future.
Teka, teka? eh ano ang dapat gawin para hindi mangyari yan?
You must create a source of income that will continually make money flow inside your pocket. Start a business! While you are working as an executive or an OFW, or a professional? START A BUSINESS and MASTER that business till you get out of that company. Para kapag tumigil ang income mo sa kanila? may susuporta pa din sa iyo hanggang pag-tanda mo!
Now don't tell me to invest my money on pensions and plans? NO WAY! Narinig n'yo na siguro yung ?. Naku ayaw ko na magbanggit?. 'yung mga nagbayad at hindi nakapag-claim? sila pa ang dinimanda at nag-piyansa! !!
HUWAG MO I-ASA ANG PAGTANDA MO SA IBA! GUMAWA KA NG SARILI MONG BALON NG PERA! KAHIT MALIIT PA 'YAN, SARILI MO AT HINDI KA AASA SA IBANG TAO?
Imagine yourself when you reach an older age? (aruy ko,,, baka yung iba sa inyo about that age? tabi tabi po?Ako po sa mga nagtatanong? I'm 37 years old. Naabutan ko pa si Michael Jackson at hinele po ako ng nanay ko sa mga kanta ng hagibis?). You have money that the company gave you as your retirement pay? what will you do?
You can consume the money till your old? eh kung hindi umabot? Masamang damo ka pala? at hindi ka kaagad kinuha ni Lord. Eh pang age 65 lang yung naipon mo na budget.
Or maybe, you can start a business and use the money for capital? Kapatid? 9 out of 10 businesses, FAILED? yung isang magsa-succeed, gagayahin pa ng kapitbahay mo instead na mag-franchise sa 'yo? think! At age 50, you are struggling trying to make a business work! What if it fails?!
Eh ano nga ba ang sagot?
The answer is, stop buying liabilities and instead buy assets now. I don't care if it is a banana-Q store, balot, ice candy or a sari-sari store, etc? start now! Because, your experience here will teach you what to do in the future. It's so hard to struggle in business when you are 60 yrs old.
You have to create a source of income separated from the source of income from your work. That when the time comes that you have to stop working, you will have your own source of money! Create assets, start a business that will be there to support you and your family. I AM NOT TELLING YOU TO QUIT YOUR JOB! I'm telling you to start a business while you're working and stop spending your money on liabilities and start putting them on assets!
Ang pera kapag pinambili mo ng LIABILITY? hindi na babalik? ang ASSET? BABALIK.
Teka? masama ba bumili ng mga magagandang gamit? Hindi! Siguraduhin mo lang na ang pambili mo nun ay galing sa asset mo. The business has to be prioritized! Mawalan ka man ng trabaho, may negosyo kang palalaguin.
If before, nabubuhay ka naman ng iisa sapatos mo, huwag mo baguhin 'yun? dati, nagdyi-jeep ka lang? 'wag ka na munang mag-FX?
Create assets and lessen liabilities. Invest and learn now? mag-negosyo!
Eh anong negosyo? Any, as long as you think it is work and doable! I am still looking for partners for my HOME MASSAGE SERVICE! SPA MAGIC! And my business CAR MAGIC is still franchising? (joke lang ? baka sabihin nyo nag pro-promote lang ako eh? But I AM PROUD TO SAY THAT ALL MY BUSINESSES ARE ORIGINAL AND ALL ARE GRAND ASSETS!
I started all my businesses with a very small capital. If I used that money to buy a gadget, new shoes or any liability? baka wala lahat ng negosyo ko at wala na akong makain ngayon.
Again, I hope that this BASIC CASH FLOW article helps?. I wish all of us
become financially free!
FROM UNKNOWN AUTHOR
MAGANDANG EYE-OPENER 'TO!!!
I want to add something to this : If you're a Christian and you religiously tithe, you'll never run out of money. That's Biblical.
Groups for MECOMET
Wk 4. Mobile Group - De Leon and Sabarre
Wk 5. Podcasting - Manaligod and
Wk 6. The Long Tail Theory, Attention Economy - Tizon and Burata
Wk 8. Voice Over IP - Villanueva and Villangco
Wk 9. Free Culture, Creative Comons - Salapong
Wk 10. Google - Ong
Wk 11. Web 2.0, Online Collaboration - Merlo
I'll be posting the additional podcasts for the first four groups within the week.
MECOMET - 4th Edition
welcome to mecomet (economics of information class) for the first term of AY 2006-07. i will be using this blog for several purposes, including:
a. to point you to my favorite links and other sources of information to enrich our class discussion (esp. podcasts),
b. to engage the individual class members in conversations about "any topic under information technology and information management",
c. to immerse ourselves in the usefulness and merits of blogs and blogging technology,
d. to share other ideas and thoughts pertaining to technology, business, and pinoy global competitiveness.
hope to see your posts, comments, and links.