Sunday, September 26, 2010

Interesting time line of the development of bio biz

TWC session 6!

Executive summary

Today we talked about the revolution of Bio Business in both Healthcare and Biomedical Sciences. Basically, bio business is a commercial activity that depends on the understanding of life and life processes. Bio business currently constitutes over 25% of global GDP and employs 40% of the world’s labor force.

Interesting observations and ideas

Prior to this lesson, bio business to me refers to traditional healthcare methods that involve the using of natural plant products to synthesis medicine such as those Chinese herbs that you can obtain from any of those Chinese herbal medicine shops. In fact, bio business includes a wide range of other things such as pharmaceuticals, food biotechnology, waste management etc.

Today someone gave a presentation on the human genome project, and subsequently asked the class if the proliferation of future genome projects is beneficial to the human race. During the course of her presentation, she mentioned that it is now possible to come out with designer babies – something which was strongly opposed to last time as it strongly violates the moral standards of the highly conservative societies of the past. Nowadays, it is acceptable to do so and couples are even able to pre select the gender of their children. Very often this raises questions as to whether humans are playing god. Yet, it is so pervasive in today’s society that people in general are aligning their paradigm to see it as the norm.

Key Takeaways

I find it quite interesting when prof mentioned that Bio business constitutes over 25% of global GDP and employs some 40% of the world’s labor force. This means that 1.6% of the world’s labor force is needed to generate every 1% of global GDP that is being contributed by BioBusiness. Evidently, BioBusiness is quite labor intensive and is not very effective in generating income per human capital.

Another thing I would like to point is that by the definition of BioBusiness, it is very broad in a sense that it includes almost anything that has got to do with the understanding of human life and life processes. This seems to be over generalization to me and this might lead to the above-mentioned figures being skewed towards ones that encompass industries other than biobusiness.

In one of the readings: Bio Business in Asia, Health care , we are seeing an increase in the expenditure of health care in Asia. Spending in healthcare is now projected to exceed UDS $250 billion. This inflation of spending comes at a time when the commercial potential of healthcare provision and management is being increasingly recognized, in the face of influenza such as SARS that has affected many countries in Asia to a large extent. This calls for more proactive action in the realm of healthcare services and hence more money being pumped into research and development for the prevention of similar influenzas.

In addition to those abovementioned factors, new insights and knowledge of the previously unknow realm of genomic simply implies that the traditional pre-genoomic drug development process is being shortened. Success rates of drug development has also increased as it is now possible to accurately design drugs with increased knowledge of the human genomic.

Another interesting trend to note is that pharmaceutical and biotech players are starting to outsource their non-core aspects of their operations so that they can focus on building their core value proposition. The outsourcing market is currently being dominated by big pharma players as its biggest spenders and customers – spending some #35 billion on outsourced R&D alone in 2001.

Issues for further discussion

I would like prof to actually talk about the negative aspects of sequencing the human genome, particularly, the threat of bio terrorism. With increasingly international efforts to clamp down on the development of conventional weapons of mass destruction such as nuclear bombs, the attractiveness of unconventional weapons of mass destruction has only increased for terrorists. What was once a “poor man’s atomic bomb” is increasingly becoming more viable for terrorists to achieve their agendas on a global scale.

Personal ratings

I would rate today’s session as 7.5 out of 10. Today’s session was rather interesting and focused on bio business, and we also had more time for the presentations, which I find very interesting.

Sunday, September 19, 2010

ICT usage in the world

Information and communication technologies (ICT) and its implications

Today we talked about ICT and world change. ICT is the catalyst that facilitates the knowledge revolution. Because of ICT, we are in a situation now where we see ourselves very differently, The concept of self is very different also. The revoluion of how we see oursleve is a result of this knowledge revolution that has affected areas such as mass media, internet, gaming, wireless technlogies, interactive telecoms, interactive systems and knowledge management.


Today I will blog about the positive and negative impacts of ICT.

What I found interesting and most relevant about today’s lesson is ICT and knowledge management. Today we live in knowledge based society, whereby knowledge is key to survival and progress. There is simply too much knowledge out there with all the bits and bytes of data, one of the key challenge is to make sense of all that noise and when you do that, it becomes information. When you apply this information it becomes knowledge and when you contemplate it and interpret it, it gives you higher level of knowledge which is wisdom. The ability to sieve out the right information is getting increasingly important, this holds particularly true in the age of the internet, due to its open source nature. We have reached a point where by knowledge management is critical to where we want to go as a society.

In Singapore one of the factors behind our success story is strong government support for ICT. This includes the elaboration of a number of plans for developing an intelligent island, backed by concrete island The house hold internet penetration rate is also one of the highest in the world.

The contribution of ICT to the service industry is no less significant. ICT is one of the major success factor at the present time, this holds particular true in the case of the service firm, due to their fundamental characteristic of interactivity and intensity of information, which are highly compatible with this technology. The presence of ICT is correlated to higher growth in productivity and profitability experienced by firms in the service industries.

However, the contribution of ICT to the management of waste is a double edged sword. On one hand, it will improve the structure of waste management by providing intelligent systems for recycling. However on the other hand, ICT is just like any other technologies and it produces waste. ICT will significantly add on to non-recyclable waste if no measures are found to limit the growth of waste. Hence incentives should be given to manufactures of ICT to come up with ICT products that have longer life spans.

ICT has brought about a level of inequity known as the digital divide. This divide refers to the gap between people who are able to access digital and information technology and those no or limited access at all. Instead of leveling the playing field, it has tipped it in such a way that it only benefits those who have the right amount of education and the right amount of assets.

In many parts of the world, ICT has helped to alleviate poverty by creating a higher level of awareness for people living in impoverished conditions. For example, in Filiphines, over $7,000 raised for opportunity international’s micro finance programs for filipono women in poverty, plus a $10,000 pledge using social media. Elsewhere in the world, a collaborative effort by more than 100 bloggers from nine countries, resulted in the production of the book titled “The Age of Conversation” which raised nearly $15,000 for Variety, the international childern’s charity. All these charity drives did not manifest from the efforts of a single group in a single place, but rather different individuals from different parts of the world. It is only through ICT, which has given socially responsible individuals, a common platform to band together to make a difference to the world. ICT has made it easier to win hearts and minds and to save lives. As long as we are all passionate about our world in our hearts, we all have the tools to make a difference.

Sunday, September 12, 2010

TWC session 4!!

Drivers of world change and change management and leadership

Today we talked about world change and change management and leadership. Drivers of world change included environmental factors, competition, and scientific discovery. In part 2 of the lesson we talked about change management and change leadership. During that session we explored Today we talked about world change and change management and leadership

There are three ways to cope with change: Make it happen, responds when it happens and be surprised when it happens. We all know the drill: Change is constant. To remain relevant in today’s ever changing society one has to constantly seek to adapt to the surrounding. Companies who stick to old business models remain uncompetitive and forgotten over time. Governments who remain governing their country with decade-old methods remain stagnant and excluded from the growing economy. A fine example would be china who has effectively opened up its society to cultural and economic exchange. This has allowed them to be one of the world’s biggest power house at present. Even in Singapore, who long regarded Chinese as secondary and English as the preferred one has jumped onto the bandwagon of learning Chinese so as to assimilate into China’s growing economy. As Darwin puts it, It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change. In today’s context change is the only constant and it is only the ones who are the most adaptive that will remain relevant and non-obsolete.

In the article Herding Cats, I learned that Change is the only constant and that to align the trinity of people, processes and technology to strategy is the key to success But everyone also knows human behavior is complex. Organizations don’t adapt to changes; their people do. Very often, management invest resources to stream line their modus operandi or to come out with new procedures for the company. They tend to overlook the human aspects involved. And as what prof said technology is easy, people are hard, it is only through targeting the human factor that will produce effective results. Basically this article explores the ways to effectively bring about change given the vagaries of the human behavior.

What is leadership and change management? To me these are the basic ingredients for any business, organization or country to attain wealth and progress in today’s exponential times. Yet having these ingredients might not be the answer to sustainability. To me sustainable wealth and progress boils down to having effective leadership and management. However in today’s society where integration and globalization is key, the line separation these two are getting blurred. How do you differentiate a leader from a manager? I read this somewhere when I was serving the army and would like to share it with everyone. Lets say that there is a group of soldiers who got lost in the forest, the leader will be the one who climbs up the highest tree, survey the surrounding and points out the right direction to the team. A manager is someone who will be focusing on how to ration the food, the water and the duty rooster for sentries. Basically, he is the one who take charge of the day-to-day operation and figures out the most effective way to accomplish what the leader wants.

This applies for technology as well. Without effective change management and leadership, technology will be headed in the wrong direction. Effective management comes in the form of education. This will allow for more people to assimilate and contribute to our technology-based society. Knowledge however has to go hand in hand with ethics. Knowledge without ethics coupled with the destructive nature humans is a potential pitfall for societies and human kind. It is hence important for educators to inculcate the right ethical values to the next generation of technology users. Leadership to me comes in the form of efficient and sound minded governments, who are dedicated to improving technology in a constructive way. Governments possess the assets and political power to spearhead technology in the direction. It is only through effective leadership and effective management that will allow us to see technology develop into a driver of beneficial world change.

We also talked about the technology adoption lifecycle which is made up of innovators, early adopters, early majority, late majority and laggards. There are cracks between each phase of the cycle, representing a disassociation between any two groups. The largest crack, the ‘chasm’, is between the Early Adopters and the Early Majority I find it very useful as it is applicable to almost any new technology. For example for facebook, I would rank it at the peak as it is between the early majority Pragmatists and late majority conservatives. Facebook has definitely crossed the chasm, which in this case is global attention.





I rate today’s session as 7.5 out of 10. Topics were quite interesting, as well as the individual presentations! Im quite intrigued by the technology adoption lifecycle and Im wondering if I can change my individual tropical paper to one that is regarding it.

Sunday, September 5, 2010

Session 3 of TWC!

Finally its week 3! Time passes so fast when you are in school. I am already having difficulty having a work life balance. My friends are complaining that I am not meeting them enough and my parents are complaining as well... I just hope that they will be a bit more understanding as this is only the start of the arduous 15 weeks !

Today we talked about technology and industrial development, with a focus on moving towards sustainability as well as the Wrong headed linear model in the approach of industrialization. Had quite a few interesting presentations about nuclear power and such. In fact there were 2 presentations on nuclear power. In part 2, we talked about Technology and innovation management, a process where an opportunity can be either a cloud, peak or valley.

Industrialization is key to the substantial wealth of many countries. I feel that industrialization is a by-product of a stable government, strategic location, heavy foreign investments and organized societies. With the right formula a very fast paced industrialization took place. For example, the Countries of the Asian Tigers moved from the manufacturing of value added goods in the 1950s and 60s into the more advanced steel, shipbuilding and automobile industry in the 1970s and 80s, focusing on the high-tech and service industry in the 1990s and 2000s. However it was only after the colonization that many countries take up industrialization. On the surface level, it may seem that these countries are on the losing end as they started out late. This is usually the case in society, for example if you start out late in a business venture the market will be too saturated, resulting in lesser opportunities and profits. This however is not the case for countries that started off late for industrialization They were able to latch on to the general model of industrialization and they do not need to invest as much in RND as their predecessors have already done so. It seems like the slower you enter the market the faster your growth cure will be. From that point onwards, there was no turning back.

The liner model was the model of business, which generated much wealth for the past centuries in countries throughout the world during the industrialization period is just like a double edge sword. It has spawned its own problems such as the widespread environmental degradation we are facing today as well as increasing the level of inequity in third world countries. Hence in today's context, we are inclined towards the cyclical model of development which will cater to not only today's needs but the future's needs as well.

Talking about sustainable technologies, Prof stated that currently there are developments, which are underway for solar panels to be situated at some of the biggest yet unused places on earth - desserts.
I have to agree to this. Desserts receive sunlight more than twice the amount received elsewhere on earth. This abundance of solar energy makes solar power plants an attractive alternative to traditional power plant. The possibilities are unlimited.
In the same way, Shimizu, a construction company from Japan is currently planning to build a strip of solar cell on the surface of the moon. The strip of solar cell measuring up to 11,000-kilometer, will cover the entire equator of the moon. As ambitious and far-fetched as it seems, the plans are currently on the drawing board. The cost to undertake such a gargantuan project may prove to be daunting to some but the benefits that can be reaped out of the project is too tempting to be resisted. To name a few, there is no atmosphere on the Moon and hence there will be no bad weather or clouds to obscure the sunlight. As such, the solar panels will be able to provide the earth with 24/7 of continuous clean energy. This will potentially end our reliance on non-renewable resources.

Should the development of controversial energy sources such as nuclear power be allowed? To be very objective, nuclear power is definitely a fresh young can do face of the future due to its numerous benefits. The only reason why society at large is referring to it as a tired old ticking time bomb of the past is because of the insecurities they have about people abusing nuclear power as well as its inherent hazards. So if society is able to look beyond the negative experiences of the past and embrace the benefits and efficiency of nuclear power, human race might just be looking at the answer to earth’s depleting resources. Indeed technology is easy while people are hard.

All in all i rate today's session as 8/10 as we had a lot of discussions which were very up to date and relevant to today's society