Tag: space race

  • The Power of Synergies

    The Power of Synergies

    An oil and gas industry group, the U.S. Energy Workforce & Technology Council recently released a survey which stated, “companies with a higher percentage of women in executive positions have a 34 percent higher total return to shareholders than those that do not and companies with ethnic diversity on their executive team are 25 percent more likely to have above-average profitability and 27 percent likelihood of outperforming peers in value creation.”  This is a powerful statement!

    Frankly, this should come as a surprise to No One.

    On the Shoulders of Giants

    While not the first time, a well known diversity/inclusion synergy occurred during World War II on the American side.  The Tuskegee Airmen were a group of fighter pilots largely composed of Black men whose mission was to protect bombers (most manned by White men) whose mission was to help defeat Nazi Germany.  According to the US National Park Service, “The airmen flew over 180 combat sorties (missions) without losing a single bomber.”  While many held their prejudices, one cannot deny the success of the “Red Tails” which led to some minds being changed.

    In another high impact case, Vivien Thomas an African American medical lab assistant to a white physician, was instrumental in the pioneering work at the dawn of cardiac surgery.  Together, they developed a procedure to save infants with the Blue Baby Syndrome.  Mr. Thomas is credited as playing a pivotal role in this and other surgical processes.  Likewise, this history has been made into a movie, ‘Like Something the Lord Made.”

    Such a list would be remise if it did not include the women of Hidden Figures.  In an era of segregation (ethnic and sex), these Black women were entrusted with the human ‘computing’ of the complex mathematics necessary at the beginning of the United States (NASA) efforts to launch astronauts into space, ultimately the moon as well as the Space Shuttle.  One can surmise that President Kennedy’s commitment to get to the moon by the end of the decade could not have been met without this team.  Watching the movie, Hidden Figures is worth your time.

    There are many other case studies where a diverse group of people have worked together and significantly contributed to the advancement of human kind.  There is no reason to believe this will not continue.

    Governance

    Post Enron and other corporate malignancies, the question of good corporate governance needed to be addressed.  One approach was The Sarbanes Oxley Act of 2002.  Largely, this act spoke to financial management and reporting.

    However, another phenomenon was noticed that same year.  “McKinsey & Company in conjunction with the Global Corporate Governance Forum conducted a study and found that over 75% of over 200 fund managers would value a stock at a higher price point if the company could demonstrate it had strong governance in place.  Moreover, the study also revealed that for western markets, firms with strong shareholder rights averaged 12-14% higher stock prices.”  This 20 year old study is a powerful statement as well.

    We discuss this point in more detail in our June 21, 2022 blog, Why Corporate Initiatives Fail.  Interested parties are invited to review that material for more details regarding governance models and similar issues such as ESG.

    Capitalizing on Synergy

    Cambridge Dictionary defines synergy as, “the combined power of a group of things when they are working together that is greater than the total power achieved by each working separately.”  This definition says it all!

    Individuals such as the Tuskegee Airmen and Hidden Figures ‘flew’ the way for today’s successful team synergies.  Not just the energy sector but all sectors are benefiting greatly from the work of pioneers and can enjoy the financial and social results of diverse teams.

    There is clear evidence that well run and governed organizations add higher value to their stakeholders.  These organizations take advantage of all the talents at their disposal.  Therefore, as my math professor used to say, ‘it follows that synergic firms are leaders in their sectors.’

    How is Your Organization Capitalizing on the Power of Synergies?

    For More Information

    Please note, RRI does not endorse or advocate the links to any third-party materials herein.  They are provided for education and entertainment only.

    The author’s credentials in this field are available on his LinkedIn page.

    For more information on Cross Cultural Engagement, check out our Cross Cultural Serious Game.  You can contact this author as well.

    Interested parties can also find more information at the Tuskegee Airmen Inc. (TAI) website.

    For those start-up firms addressing energy challenges, the author is a member of Global Energy Mentors which provide no-cost mentoring services from energy experts.  If interested, check it out and give us a shout.

  • THE SCIENCE: The Reason We Need STEM

    THE SCIENCE: The Reason We Need STEM

    Almost every day, we hear that “The Science” says . . .  We are told Covid-19 and Climate Change are based on The Science and as such we must accept that expert analyses as ‘settled.’  Then something changes and once more the science police demand we accept their new interpretation.

    The near-term result: confusion and lack of trust, even acrimony.  The Science, as presented by the media, politicians and others is a static solution.  As we follow The Science, we are told we must adjust but not necessarily why.

    There is no reason to trust to fate or our political betters (call themselves elites).  The Science is not that mysterious.  The term is meant to deride most of us, including degreed scientists like this author.  Might want to ask those pontificating to define the ‘Scientific Method.’

    Set at the beginning of the 20th Century Space Race, the movie, Hidden Figures brought broad attention to the mathematical genius of a group of then unknown women.  They were instrumental helping the fledgling NASA achieve the early goals of manned space flight, including the lunar landings.  They understood The Science better than others.

    On the Shoulders of Giants

    With the social deck stacked against them, these women rose above the norms of the time and accomplished feats unknown and certainly unexpected by contemporaries.  Perhaps more importantly, they demonstrated that math and science is not reserved for elites.  They educated all of us.

    We live in a technological age and told shortly everything will be ‘Smart.’  The workforce will change, and our view of the world will be dramatically different.  Moreover, many of us will no longer be relevant or even employable.  Balderdash!

    Science, Technology, Engineering, and Math (STEM)

    STEM is the anacronym for the set of technical knowledge embodied in these ‘hard’ disciplines.  Collectively, they form the backbone of our 21st Century economy and social advancement.  While liberal arts disciplines are important, STEM knowledge is critical if we are to hold the ‘experts’ accountable.

    Increasingly, ‘soft’ or social skills are also seen as important.  The old concept of the ‘Nerd’ is giving way to the technologist with human empathy.

    The emerging generation(s) will need STEM expertise as well as soft skills.  In some ways this is no different than previous times when the Titans of Industry changed their world.  Building on new technologies, they built business.  A successful business requires a knowledgeable workforce that can monetize technology.

    The titans this time are everyday men and women, even juveniles.  Knowledge of STEM subjects is dictating individual success or failure.  Get on the STEM train.

    Role of R B C

    We have routinely commented on the Relationships, Behaviors, Conditions model first put forth in the 1990s.  From a previous blog, “One of the basic tenets of the RBC Framework is the general construct that Relationships cannot be determined a priori.  The well-used example is a man and a woman sitting on a bench at a bus stop.  Are they married, siblings, coworkers, friends or simply two people waiting to catch the same/different bus?

    Their relationship cannot be known directly.  However, their Behaviors will provide insight into how they relate to each other.  Romantic behavior may indicate marriage, dating, an affair etc. They may still be coworkers but most likely are not strangers.

    The third dimension, Conditions (environment) can be considered the stage upon which behaviors play.”

    One can make the case that STEM is a condition or situation.  In other words, our technology environment.  The behavior of individuals with these skill sets will determine the relationship these individuals have with their peers, customers/business ecosystem and economy/society in general.

    Finally

    We spend a lot of time, quoting “The Science.”  Most vocalizing the term are not scientists or even qualified to understand its basic tenets.  But taken as gospel because of some perceived authority, i.e., politicians, newscasters, celebrities and bureaucrats among others.

    This scientist suggests that STEM is necessary to assure the emerging generations understand “The Science” and how it can actually be used to benefit mankind.  And, oh yea and make a buck!

    Where does STEM fit in Your Organization’s Strategy?

    For More Information

    Please note, RRI does not endorse or advocate the links to any third-party materials.  They are provided for education and entertainment only.

    For more information on Cross Cultural Engagement, check out our Cross Cultural Serious Game

    We presented, Should Cross Cultural Serious Games Be Included in Your Diversity Program: Best Practices and Lessons Learned at the Online Conference, New Diversity Summit 2020 the week of September 14, 2020.  Check Out this timely event and contact the organizer for access to the presentations!!

    You can contact this author as well.

  • Event Horizon: Towards Singularity

    Event Horizon: Towards Singularity

    This month a group of astronomers announced they had captured the first image of a black hole, some 55 million light years from earth.  A novel use of high-performance computing enabled this imaging and seems to hold promise for future commercial applications.

    Moreover, there is a great deal of discussion and hope that astronauts will return to the Moon and even as sustained human presence on Mars.  Space Race 2.0!

    When the USSR Sputnik satellite was launched on October 4, 1957 it sparked a technological revolution that continues to this day across a wide number of disciplines.  According to the Jet Propulsion Laboratory, California Institute of Technology there are 20 common household items that are a direct result of space travel.

    Camera Phones Scratch-Resistant Lenses CAT Scans LEDs
    Landmine Removal Athletic Shoes Foil Blankets Water Purification Systems
    Dust Busters Ear Thermometers

    Home Insulation

    The Jaws of Life
    Wireless Headsets Memory Foam Frees Dried Food Adjustable Smoke Detector
    Baby Formula Artificial Limbs Computer Mouse Portable Computer

    Additionally, NASA has a robust Intellectual Property Licensing program.  This includes some at no cost as well.

    Scientists define an Event Horizon as the boundary defined in a region of space surrounding a black hole from which nothing, including light can escape.  This effectively hides the Singularity (infinite property) at the center of a black hole.  Thus, it is not possible to observe the collapse of the laws of physics at that point.

    The current (funded) fascination with Deep Space and Interplanetary Travel will most likely fuel a technological explosion that will dwarf the last 70+ years beginning with the German V-2 rocket.  These are exciting times for technologists.

    They are even more exciting for those tasked with developing and marketing new goods and services.

    How Will Your Organization Prepare for the Coming Technology Wave?

      http://astronomy.swin.edu.au/cosmos/E/Event+Horizon

      https://www.inverse.com/article/54833-m87-black-hole-photo-data-storage-feat

      https://www.jpl.nasa.gov/infographics/infographic.view.php?id=11358