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Gregory Esau
Works at SmartSwarms Management and Consulting
Attended The School of Life
Lived in Vancouver
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Gregory Esau

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Rise of the Chinese Consumer Class
A Different Perspective
#macroeconomics   #thebigpicture  

If there's one guaranteed thing about macro-economics, is you'll never quite know ever what's actually going on. You can't possibly look at enough tea leaves.

My long time position has been, that at some point China is going to go through a devastating correction. And there's a lot of good reasons to think that is still a possibility. Maybe not a probability, but still a good possibility.

All modern economies are based on one fundamental--The Consumer's Ability To Consume.
China for decades depended on other nation's ability to consume, much like Japan did post World War II.
Towson and Woertzel make the case that China's future stability is going to come from a strong consumer class.
I haven't read the book, but even here in this shortish McKinsey article, the case is pretty convincing.

As I've shared previously on the success story of the Chinese appliance maker, Haier , the rise of the consumer class is looking like a viable piece of the Chinese story, one in which it doesn't suffer a near fatal economic correction. 
Stay tuned. 

+Jeffrey J Davis , you may find this of interest. (If you haven't come across it already!
Fears about China’s slowing economy are overblown, authors Jeffrey Towson and Jonathan Woetzel argue in this adapted excerpt from the follow-up to their <em>The One Hour China Book</em>. A McKinsey & Company article.
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Gregory Esau

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Custom Builds

I really like these guys' work, hopefully we'll be doing projects with them in the future. 
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Gregory Esau

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Blockchain Hits The Mainstream
It Really is a Thing Now
#blockchain  

Just to reiterate, Bitcoin isn't the big deal (although it may on it's own accord be a biggish deal), it's the blockchain that is the really disruptive technology. 
And just so we know, it's not just a bunch of pimply faced crypto-currency geeks hacking away in their mom's basement that is driving the development. 
Any big bank worth it's leveraged derivatives will be developing their own form of blockchain. 
And even using Cryptic Tweets to find the right talent. 

UBS’s move reflects the growing interest by financial institutions in this emerging technology, which many believe can be used to verify and record a wide range of financial transactions, from settling trades to making low cost and faster international payments.

Via +John Foster 
Alex Batlin, the head of Swiss bank UBS’s new financial technology lab, tweeted the following message: “decrypt('frnepu sbe n punyyratr ng HOF ba gur oybpxpunva')”. Decrypted, the message reads: Search for a challenge at UBS on the blockchain.
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Quite, I thought!
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Gregory Esau

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You're The Means
You're Not The End

Fabbo, fabbo, fabbo shift of perspective reminder via +AJ Kohn .
 
Stop Making Users Explore

Nobody cares about your product. Fundamentally, what users care about is themselves. They are using your product as a means to an end. We knew this back in 1960 when Theodore Levitt explained that when customers buy quarter inch drills, they really are buying quarter inch holes.

1000% agree. I'm constantly reminding clients of this concept.

#ux  
User Don’t Care About Your Product 
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True. 
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The Inclusive Leader
Connective Decision Making
#leadership   #decisionmaking  

What makes a good decision making process? 
--Taking the time to explore multiple perspectives, proactive dialogue with stakeholders and experts..
--The weighting of a variety of options.
--Post decision, fully explaining the decision to the stakeholders.

Note that this inclusive process is not decision-making by committee or by consensus. It’s the process of constant connection with respected experts and stakeholders, which enables them to recognize business opportunities and threats, and figure out how to adapt or take advantage of them. Habitual outreach prevents insular thinking, opens doors to ideas and collaborative relationships, expands problem-solving perspectives, and increases the range of resources for implementation. Most importantly, it enables real-time adjustments that improve outcomes. This inclusive approach takes 360 degrees of context into account, thereby ensuring better decisions and a higher chance of successful implementation.
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The Most Innovative Company in the World?
Isn't In North America
#innovating  

I've written and shared about Haier and it's extraordinary CEO Zhang Ruimin before. Particularly it's bottom up, or at the point of contact decision making. 
You want your company to survive the next five, ten, twenty years? Study Haier and Zhang. 

Indeed, Haier has reinvented itself at least four times. The first reinvention, in the 1980s, was the decision to differentiate the company by the quality of its products. The second, in the 1990s, was the adoption of consumer-responsive innovation, starting with (but not limited to) products for particular customer needs. The third, which took place in the 2000s, was the reorganization into a bottom-up structure, in which self-managing teams led decision making. The fourth, going on today, is the reinvention of Haier as a truly Internet-based company, open to the world in a way that few other companies have attempted, let alone realized.

Zhang did not develop this management approach on his own. From the beginning, he displayed a fervent curiosity about management and high performance, and he studied the work of leading scholars and observers, especially eminent management writer Peter Drucker. He took from Drucker, for example, the idea that the purpose of a business is not making money, in itself, but attracting and meeting the needs of customers. If a customer wins by gaining a better product or service, then everyone else should win as well, including the organization’s shareholders through increased profits, and the employees through increased income. A visit to Qingdao with Zhang and his associates can take the form of a management seminar; visitors are subjected to relentless questioning on management innovations that might be of interest to Haier. Zhang often takes his own notes, and he frequently applies the concepts to Haier — first in small experiments, and then rolled out through the company.
Customers always come first for this Chinese appliance maker — even as it continually reinvents itself and expands around the world.
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Take note:
Zhang recognizes the high stakes that are involved in changes of such magnitude: “There will be an earthquake [within our company] if it is not properly handled.” But he also believes it is the only course of action that will allow such a large company to succeed in an era when each new triumph leads to new problems. The goal of a large company, he says, is to “lose control step by step.” In other words, Zhang believes that Haier isn’t unique. Every major organization will have to learn how to maintain its identity, the quality of its products and service, and its customer relationships, while being prepared to give up everything else. Haier’s role in this new world will be as a pathfinder: It’s already the first leading global consumer manufacturing company from China. Soon, if Zhang is once again correct, it will be the first company from anywhere with its distinctive, innovative form of management.
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Gregory Esau

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Unlocking Our Potential
Break On Through To The Other Side
#mindexpanding  

While not for everybody, a little  psilocybin therapy could very go a long ways to opening ourselves up to our potential. 
"It's probably not just psilocybin that causes changes like this, but more these kinds of profound life-changing experiences, whatever flavor they take," she said. "For a lot of people, psilocybin allows them to transcend their ways of thinking about the world."

From my past experiences, (we're talking the eighties here, boys and girls), I, um, highly recommend it. 
The active ingredient in psychedelic mushrooms may 'open' users' minds.
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ciao!
 ·  Translate
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Omg, Omg, Omg
This is Soooooo Fabbo

Yes, kids. The word of the day is Fabbo
Doing these Five Things Well, can work in a surprising variety of environments. 
The key here is #3--Linking their work to existing priorities. That is, do not chase wild geese. Be keen, be insightful enough to understand what the hell it is your company is really trying to accomplish, and use your initiatives to fulfil those priorities. Results are almost always a terrific trump card to have, unless you work for a truly asshat of a company. 
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You are welcome, +MicheleElys Mer! 
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The Chief Enabling Officer
The New Face of Leadership
#leadership  

Perhaps the most succinct description of the required nature of those leading a business I've seen to date. 
 
"If business leaders want to manage at the pace of change, those who are still leading top-down hierarchies will most likely need to change how they manage. They will need to learn how to effectively build and lead collaborative networks by understanding and embracing the new role of the CEO, the Chief Enabling Officer."
#21stcentury   #leadership  
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Awesome original share, +Kathryn Nokony !!
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Man Bites Dog
Story at 11

My question is, who is buying Twitter shares based on, um, earnings? Or didn't they know Twitter really hadn't figured that part out yet? 
 
Twitter saw its share price plunge today after its latest earnings results leaked... in a tweet.
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Hood Ornaments
A Photo Essay

The bro and I went to a classic show on Sunday, and +Brad Esau being the photographer extraordinaire that he is, did a wonderful photo essay on the beautiful hood ornaments that accentuated these works of motoring art.
I hope you enjoy them! 
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Beautiful shots +Brad Esau . 
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First day working on pulling together the Core 4our for my new venture

Details to come, as this unfolds, comes together, develops and builds! 
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Why thank you, +Kathryn Nokony ! 
I hope that smile can land the right backers and core team members!
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In his circles
762 people
Have him in circles
23,560 people
Anthony Stafford's profile photo
Hasan Yürek's profile photo
SEN DY's profile photo
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meneer Franssen's profile photo
john ironmaker's profile photo
inspire ativie's profile photo
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Education
  • The School of Life
    Experience/ Trial and Error, 1959 - 2011
  • mission senior secondary
    1975 - 1977
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Smart Swarming The Future of Organization
Introduction

SmartSwarm Management and Consulting

Better Perspectives
Better Decisions
Problem Solving
Engagement
Leadership
Ecosystems

I use Google Plus as social media, to stay informed, to connect with collective intelligence, and keeping my perspective broad. 
I post to inform, broaden perspective, occasionally amuse, and to offer glimpses into my life and city. 
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I build things.
Work
Occupation
Consulting. SmartSwarm Management and Consulting
Skills
Are you kidding? I'm a generalist and continual learner.
Employment
  • SmartSwarms Management and Consulting
    Founder, present
    I use the collective intelligence in business environments and networks to "Swarm" problems, create opportunities, to advance businesses and organizations towards continual adaptation.
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Previously
Vancouver - Victoria - Mission, B.C.
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Amazing, incomparable dining experience. A must on any Whistler visit.
Public - 10 months ago
reviewed 10 months ago
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