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From: Bala Pillai [mailto:bala@apic.net]
Sent: Thursday, 29 September 2005 5:11 PM
To: 'act-km@yahoogroups.com'
Subject: RE: [act-km] Rules and what is really important

Ron,

-----Original Message-----
From: Bala Pillai [mailto:bala@apic.net]
Sent: Thursday, 16 June 2005 9:11 AM
To: 'dina @ malaysiakini.com'
Cc: 'sangkancil'; 'artisproactiv@yahoogroups.com'; 'malaysiaindians@yahoogroups.com'
Subject: RE: [sangkancil] Money And Happiness

Dina,

>i want money. i like money. money money money.

Money is:-

a) a fluid conduit for exchanging value and
b) one store of value

Which means if you solved a problem [1] whereby

1) you properly perceived the problem

2) you make available your solution to the problem at a fraction of the cost of the problem itself

> In one sentence, how do you define "knowledge"?

In view of "it is not the smartest or the strongest species that prevails, but that which is most adaptive", I have a one word definition for knowledge -- acumen.

And if you wanted "acumen" expanded it is : sharpening one’s intuition (aka sense-making apparatus) [1] so that it energises [2] one to take the most effective actions [3] of a rainbow [4] of possible actions, in a diverse environment [5]

Memes are to mind, what genes are to body.Let's list here the memes that are candidates for "most harmful Indonesian memes".I'll start with one candidate:-1) That great reward comes from great struggleDoesn't even greater reward come from working smart? From adapting fast? From low resistance to learning, unlearning and relearning?Isn't struggle often used to rationalise a failure? And not learning faster from the failure? (i.e. weak "failing well" skills)

From Craig's blog the founder of CraigslistTipping point coming for "citizen journalism"?

UPDATE: Jeff has a remarkable presentation on citizens' media here.

Jeff Jarvis at Buzz Machine really knows what he's talking about.A sample or two:It's wonderful watching what I think is a global warming in mainstream media toward citizens' media.

We may just be at the tipping point.

Dear all,We are looking for partners for Indonesia.Net -- the Indonesian Knowledge Economy brand in the making.You get to learn from some of the world's most astute while organising creative structures and processes that enables Indonesians to fluidly team and telework in the global Knowledge Economy.For a Knowledge Economy Brand that is further down our roadmap, please see http://www.tamil.netFor the complete vision, see http://www.ryze.com/go/bala

Low hanging fruits & Monetising Problems
By Bala Pillai, Sydney

What is the criteria?

Given that the harder a problem, the greater the reward, the lesser the
competition, the more uncertain resourcing for it is AND

The easier a problem, the lesser the reward, the greater the competition and
the more certain resourcing is

Low hanging fruits would lie in the sweetspot between "too hard a problem" and "too easy a problem". Not too hard such that the resourcing is so uncertain.
Not too easy such that the rewards make it so unworthwhile.

By resourcing I mean human resourcing. Why? Because astute humans organise all other resources, money included.

Monetising Problems

How do you monetise problems?

First of all realise that default problems are opportunities. And default
opportunities are monetisable.

And be prepared to imagine that some of the most surprising problems are monetisable. For example, how do you monetise the problem of unhappiness? Answer: Bottle happiness -- that is basically what Coca-Cola has done. It has bottled glee.

How do you monetise value? Attach a currency value to it. And osmosis the value.

How do you monetise views? Create exchanges. That's what stock exchanges and foreign exchange dealers do. You sell your view on where a stock or currency's price is headed.

Can we monetise our views on which script-director-actor combination will do well and which we think won't? You bet -- create an exchange for the buying and selling of these views.

What blurs whether money can be made from doing this?

1. Absence of imagination and habitual perception that the solution will be executed weakly.