An unsettling paradox: over fifty years of marked progress yet we are not any happier…
Why does a leading economist write a book about ‘soft stuff’ such as happiness? Even more puzzling: why does he title the book “Happiness. Lessons from a new science”? Richard Layard is the founder of a relevant economics research center within the London School of Economics, author of several academic books on topics such as unemployment and inequality. This latest effort of his is truly ground braking and starts from a simple observation: “There is a paradox at the heart of our lives. Most people want more income and strive for it. Yet as Western societies have got richer, their people have become not happier. This is no old wives’ tale. It is a fact proven by many pieces of scientific research. As I’ll show, we have good ways to measure how happy people are, and all the evidence says that on average people are no happier today than people were fifty years ago. Yet at the same time average incomes have more than doubled. This paradox is equally true for the United States and Britain and Japan”. Layard in this book tries to go to the roots of this paradox and in the process makes a strong case for learning how to use the ‘science of happiness’ in our daily lives while supporting the argument to raise this science to the level of public political debate and action.
The seven factors that influence happiness
Layard points out seven factors that are key to the perception of happiness. They are (altro…)
A new eBook edition of a book that shows how Motorsport is a trailblazer to organisational growth dynamics… “Innovation full throttle!” (Italian language)
In senso metaforico e pratico il Motorsport rappresenta un banco prova concreto alla crescita basata su dinamicità e innovazione soprattutto per aziende piccole e medie. Facendo leva su aneddoti del passato e del presente in pista e a bordo pista il libro rappresenta un modo unico per vivere, comprendere e applicare efficaci concetti di management.
La prima parte del libro gratuita a questo link su Smashwords
As second part to the article (the previous is at this link) there are three aspects to point out: 1) the global dynamics context opportunities related to SMEs rooted in Motorsport, 2) along this way of thinking several direct links that the Motorsport Industry has with principles and practices of current and future manufacturing (Industry 4.0) and 3) tools that SMEs can utilise in order to maximise at best the expression and profitable utilisation of know-how developed and in development. (altro…)
The field of high performance engineering, with a particular focus on the ones that relate to the Motorsport Industry, are going through global technological and business development changes. The right kind of mindset and strategic tools are essential to generate and utilise at best the opportunities that such (altro…)
Silicon Valley is the cradle of a unique way relevant to innovation, entrepreneurship and global business development. To note that this legendary geographical does not simply relate to the latest technological developments but also to the way they are stimulated and made grow through original business models and a business ecosystem that in terms of structure and mindset is arguably still unrivalled on a global scale. We have had the opportunity to talk to an Italian student that has recently had an in depth organised learning experience there. (altro…)
REALITY CHECK ENDURES
Fernando Alonso frustrations with the Honda power unit reached new peaks during last weekend Belgian GP. The situation has turned almost farcical; as Charles Bradley, Global Editor-in-Chief of motorsport.com reports: ‘Honda finds new way to frustrate Alonso.You could not make it up, as Honda found an all-new way to annoy Fernando Alonso in qualifying. Just after we marvelled at him taking Pouhon flatout, we got a familiar cry from the cockpit: “No power. No power. From Turn 11 to Turn 12. Half a second. How is this possible?” It was a rhetorical question, as we all knew who to blame. Honda’s systems got confused by Fernando not lifting at the double-left hander, and failed to deploy the 160bhp burst that it should have on the run to Fagnes. He missed out on a Q3 spot by 0.084s – even after the bold effort of teammate Stoffel Vandoorne to give him a tow.’ (altro…)
Motorsport engineering firms are well known for their technical expertise and project management skills, particularly in the latter case around their speed of working. Their technical expertise comes from dealing at the cutting edge of science and technology in areas as diverse as light-weighting, electronics and thermal management for example. Motorsport firms also exemplify leading edge project management capabilities given the rapid turnaround of the motorsport timetable. In this case the latest technical developments are needed not next year or next month, but usually the next week or even the next day,
Facts from history (altro…)
Change or Die : the research, the article and the relevant book are over 10 years old, yet the topic is ever relevant: #change is no longer an option, is no-other-way one-way path.
We need to realise that we can be in control of it, rather than being victim of it, by leveraging on natural aspects as #brainplasticity and tools as #framing and #reframing #thinking and #communication
A few days ago an innovative solution has been presented to transport safely and swiftly newborns during emergencies via means of terrestrial or airborne transportation. The baby carrier, named ‘BabyPod 20’ has ben developed by Williams Advanced Engineering. The project has been developed in cooperation with Advance Healthcare Technology (AHT) that has been present within this specific manufacturing field for years.
The ‘Baby Pod 20’
This project recalls other ones in which healthcare has been benefiting by expertise and technologies originating from Motorsport. Some of these projects have been recently presented an even organised by SGINetwork (a scientific innovation development hub) where McLaren Applied Technologies pointed out several projects that have been developed by them (one of the first one was carried forward in cooperation with Glaxo).
Once again innovation in the healthcare field has been generated from Motorsport as we have pointed out in an article we wrote months ago ‘Motorsport Industry, Innovation and Knowledge Sharing Across Industries’ linked o a presentation we made in September 2016 within a conference held at Regent’s University in London.
Not only technology but also organisational processes developed on track have been found very useful to improve healthcare processes as pointed out in this real life example ‘F1 Pit Stop Techniques To Help Save Lives in Resuscitation of Newborn Babies’ .
While working on the research relevant to the book Fast Track Innovation we are finding other projects linking Motorsport know-how to advanced healthcare systems: projects that have been brought forward even many years ago, by companies much smaller than Williams and McLaren yet technically extremely effective.
Many Small and Medium Sized Enterprises (SME) within the Motorsport Industry can fully take advantage of know-how that they already have and that they can convey (in an aware methodical way), recognised value added within other fields, not only healthcare. Stay tuned …
An article published on latest July-August issue of the Harvard Business Review, titled “Liberal Arts in the Data Age” and authored by JM Olejarz points out how the humanities can have a driving role within the imagination needed to channel the potential of technologies; technologies that by now are growing at a faster and faster pace with increasing market impacts in a wider range of fields.
The famous quote by Albert Einstein “Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand” creates a framework for this fine balance and synergy between imagination and technology.
Erik Kim recently wrote a blog article entitled “10 lessons Pablo Picasso can teach you” and quite interestingly he lists a series of actual tools that have been utilised by the artists to develop his masterpieces and that nowadays can represent actual ways to drive such technological developments.
In my opinion this represents a fundamental perspective that enlightens the increasing relevance of the human factor within a changing world strongly impacted by change fuelled by Artificial Intelligence, Robotics and other systemic approaches that appear to sideline people.
This entire topic is up for a necessary debate from many different perspectives.