You are What you Eat (or Buy): Being an Informed Consumer Online

Being sustainable or socially responsible is a hot topic these days. Companies publish glossy Sustainability Reports and consumers have started to look for labels that indicate whether something is fair trade, organic or natural. While these issues are important and deserve our attention, the lack of standards means it is difficult to sort through all the available information and make informed decisions. Sometimes it feels like in order to do no harm you can never leave your house.

In an effort to tackle one area at a time, I tend to focus on food. What can be more important than ensuring that what you put in your body is as natural and safe as nature intended it? Lifehacker has a great article called “The Common Sense Guide to Organic and Other Food Labels” that helps differentiate between the different categories and labels.

The Good Guide lets you research any product you are thinking about buying for how it performs on the issues important to you–whether it’s apparel, food, cars, or appliances. However, it often doesn’t occur to me to look something up at the time of purchase. That’s why my new favorite download for chrome (it also works for firefox) is their new Transparency Toolbar. When you are on a retail site, like Amazon, it just appears from the bottom of your screen with a personalized analysis based on the issues you’ve told it you care about most. Pretty neat–and it makes being green a whole lot easier.

The other great online tool I’ve recently discovered is from a company called energysage. I’ve actually been doing some consulting work for them recently, which is how I got to know them. They have a wizard that walks you through a much bigger purchase–whether or not buying a renewable energy system for your home makes sense. It’s still in beta, but it’s a space with a lot of promise due to a lack of information and transparency in the space. It’s definitely a company to watch.

A New Strategy for Innovation

 

Tuck Professor Ron Adner is releasing a new book called the Wide Lens on Thursday. You can pre-order it now on Amazon, but in the meantime Fast Company just published a sneak preview.

The excerpt focuses on “The Innovator’s Blindspot”, which is that you can’t innovate unless your suppliers innovate too. In it, he says:

Today’s exemplar firms–from Apple in consumer electronics to Amazon in retail, from Roche in pharmaceuticals to Raytheon in defense, and from Hasbro in toys to Turner in construction–do much more than “just” execute flawlessly on their own initiatives. They follow a distinct set of strategies to orchestrate the activities of an array of partners so that their joint efforts increase the value created by their own initiatives many times over. These leaders have understood the nature of the blind spot and have expanded their perspective. They have deployed a wide lens in setting their strategy and prospered in their embrace of the ecosystem opportunity.

I’m looking forward to reading the rest of it over spring break–it starts on Friday–perfect timing! Continue reading

Energy Efficiency Effectiveness at Home

Greentech Media had an interesting article today highlighting a recent study on the results consumers see from home energy efficiency products. The results are mixed–with results ranging from no savings at all to 20% savings. Check out the greentechgrid article here and the original survey results here. I’m checking out a few products myself that I’ll write about in future posts.

Euro Zone Crisis in One Graph

At the risk of having all of us walk out of class, Professor Jonathan Haskell showed this graph today and told us that this was a whole term’s worth of his Europe in the Global Economy class in one slide. Luckily for him, no one budged, but unlucky for us it is a little more complicated than that. However, this graph is a fascinating narrative about what happened in Europe from the formation of the European Monetary Union through today and helps one grasp just how we get into the debt situation we are in and why it’s only gotten worse.

What we discussed in class can be summarized like this:

Before the Euro: interest rates varied a lot

After joining the Euro: everyone’s interest rate fell because everyone thoug that different government bonds were equally safe. Low interest rates meant high aggregate demand–lots of investment, increased consumption, some increased government spending too

The crisis: asset price bubble bursts, consumption falls as does confidence. Interest rates return to being driven by individuacountries, with interest rates rising across the board, but especially in Southern European countries. This lowers investment.

Before the Euro, Southern European countries could depreciate their exchange rates. Now, the only safety value left is government spending.

For more reading on this topic, check out Profesor Haskel’s blog here.

Better Late Than Never: 2012 Professional Goals

I stumbled on Brazen Careerist‘s monthly blog prompts a month too late, but figured I’d jump on the bandwagon anyway. Rather than starting with February’s prompt, I’m doing a catch-up post from January. Their January prompt was: what are your professional goals for 2012?

2012 will be a year of change for me. I’m graduating from my MBA program, moving to a new city, starting a new job (hopefully!) and even planning to get a puppy. So my goals are around going into all of those changes as prepared, confident and organized as I can be, while making sure all those changes actually happen! It’s a lot to accomplish in a year, but it’s been done before–by everyone who’s ever finished an MBA program. So, no excuses.

As a result, I have three main goals professional goals:

  1. Get the right job (or at least go through the right process): My job goal is to get a job, obviously, but it’s not just about any job, which means it can’t just be any job search. I want to have done a thorough research and networking process, weighedby options based on career progression, compensation and company prospects and to make an informed decision I can be confident in. Easier said than done–the temptation is to take the first job that comes along, and you can always do more research…so the big question is how to balance urgency with thorough research and who to talk to for the most informed opinions when it comes down to the final decision.
  2. Make conscious choices about how I spend my time : I get excited about things, want to try everything and love helping out. What this means is that sometimes I forget to say no, and I get overwhelmed. And while I can do a lot of things (people ask me about how I do this all the time), I’ve inherited the ability to read fast from my dad, and I prefer to be a joiner and get involved in my community, that feeling of having too much on your plate is the ultimate energy drainer. So when I start over in a new city and a new job this summer, I want to focus on doing just a few of the right things right.
  3. More knowledge means more money: Since these are professional goals for 2012, I would be remiss to not mention money. Students obviously don’t have a lot of it, which makes it even more important to keep track of. My goal for this year is to remember that knowledge is power, or in this case, more knowledge means more money. Whether this applies to keeping track of bills, budgeting, investing or negotiating salary, it’s pretty much the universal rule of money. I’ve been consolidating accounts, setting up my savings and preparing to be more organized this year. I’ve been trying out some cool new online tools in the meantime, which could warrant another post once I’ve settled on a system.

What are your professional goals for 2012?

Learning to Innovate

At Tuck, there is an innovation center and a multitude of classes focused on innovation–how to spark it, manage it, execute on it and just generally make sure it happens and gets you results. I’m currently taking Professor Chris Trimble’s class called Innovation Execution. While so much of the learning takes place through the cases and in the classroom–and really can’t be replicated–these classes also come with great reading lists, most of which are publicly available. Chris Trimble and his research partner Vijay Govindaraja (known around here as “VG”) publish a lot of their work over at Fast Company. A few of my classes this term, especially this one, include readings I’d probably do for fun anyway. So, see below an innovation reading list. This list is mostly focused on innovation within established companies, but there are lessons here for innovators in any context. 

If  you want to really get into this topic, Chris Trimble and Vijay Govindaraja have two books out that are worth a read:

Ten Rules for Strategic Innovators: From Idea to Execution

The Other Side of Innovation: Solving the Execution Challenge

I currently have both downloaded on my kindle but am working through The Other Side of Innovation first…mostly because it’s my homework for next week!

Great articles on Innovation by Tuck Professors: 

Our Wish for 2005

Planning Not to Learn

By the Numbers: You Can’t Quantify Learning

Experimentation is Easy, Learning is Not

Strategy, Execution and Innovation

Is Innovation in Your Organizational DNA?

Ideas Are Not Enough

Innovation and the Inevitable Break-the Rules Backlash

Amnesia by Design

Borrow–In Moderation

Shooting for the Moon

The Monster in the Closet: Reliable Unpredictability

Innovation Ecosystems and the Pace of Substitution

Disruptive Technologies and the Emergence of Competition

And a few that are not by Tuck Professors, but get assigned for good reason: 

Learning from Samples of One or Fewer

Customer-Centered Innovation Map

Discovery-Driven Planning

Mining Patent Gold: What Every CEO Should Know

The Middle East A Year Later: Business as Usual?

I was fortunate enough to attend a talk by Dirk Vandewalle, Dartmouth college associate professor of government at the Tuck School of Business at Dartmouth last week. He spoke about what has been happening in the Middle East since the Arab Spring–and with authority. He travels to the region regularly (he was there last week) and his research is focused on the region. I have written up my notes and key takeaways from his talk here. It will be interesting to watch the region over the coming years and see which of his predictions come true. 

A Quick Recap on the Arab Spring/Revolution

a map of the Arab World
It all started in the public mind when a man set himself on fire. That set off a series of uprisings that show no sign of slowing. People were surprised by the uprisings–the region had historically been ruled by authoritarian regimes which had destroyed any political or other social life in the region. Libya has been the bloodiest so far. Professor Vandewalle thinks Saudi Arabia is the country to watch for the next uprising.

What sparked these revolutions?

The press speak about poverty and political exclusion as having sparked these revolutions, but Professor Vandewalle does not think these are good explanations.  He spoke about an overall lack of economic opportunity, with economic inequality getting progressively worse over the past 10-15 years, but he also hit on three points that he thinks are even more poignant:

  • Corruption: permit and police pay off (3 dinars a day each)
  • Inability of the government to create meaningful jobs
  • Totally inadequate educational system for young peoples aspirations

The Dirtiest Green Business Around

Recycling gets dropped off for sorting

For my Tools for Improving Operations class, one of the requirements was to go an an operational tour of a facility. Luckily for me, my classmate Pete–who is as excited about all things green as I am–organized a trip to a Zero Sort Recycling Facility, run by Casella Waste Systems.

The tour included about 12 Tuck students as well as Casella clients from our area. They run the tours as part of their education efforts for clients in order to improve the inputs into their systems. For Casella, Operations really start at your house, business or school, because the initial step in their process is taking out non-recyclables from what they receive.

While in my five years of working for UBS, I had never seen a factory floor, warehouse or any other type of manufacturing facility, but since I came to business school I have had the opportunity to see several. Through Tuck, I’ve seen Toyota car manufacturing plants and solar PV manufacturing facilities in China as well as distribution centers in New England through Tuck classes. During my summer internship at EnerNOC, I had the opportunity to go see client and prospective client operations including warehouses, plastic molding operations and even municipalities and school districts. While each type of operation was unique, there was one thing that united all the ones I saw before Casella: they were clean!

While it makes sense that Casella’s operation is covered in trash (it’s their business after all to turn trash into treasure), it was surprising to see how different this kind of operation is from many I’ve seen before.

The zero-sort recycling facility we visited collects recyclable trash directly from trucks and sort it into single material bundles that are sold to processors, mills or even some individual companies. They are self-described middle men and focused only on this one process: collecting trash and sorting it into like piles.

Operational Background Continue reading

Video & Article on Green Design and Living

Great article in Fast Company on a living, working, green concept building. Considering my interest in green energy and the possibility that I’ll be working from home next year, this caught my eye. Would love to see more development focused on concepts like this.

Live/Work

 

Valentine’s Day Truffles

Our adorable friend Meredith had a wonderful idea for Valentine’s Day: she got together five of her girlfriends to make truffles for the loved ones in our lives. Each girl made a different kind of truffles and while they were chilling or there was otherwise downtime, we sipped champagne and caught up with each other. It was a true win-win: we had a wonderful girls afternoon and our Valentine’s Day presents were highly appreciated. (We already gave them to the boys–we couldn’t resist!)

Here are the recipes for the biggest hits:

Traditional Truffles
A classic for a reason

Balsamic Truffles
Love the savory/sweet combination of these

Oreo Truffles
My favorite cookie with added sweetness. Can’t go wrong.

Raspberry Chocolate Truffles
Another classic

Cookie Dough Truffles
These were mine and I have to say the favorites of at least a few recipients! There has already been a request for another batch and it’s not even Valentine’s Day yet. Plus, they are SO easy!