FOUNDATIONS OF MANAGEMENT

THOUGHT. WEEK 2

@johnnyryan

WELCOME

@johnnyryan

#UCDmanage

WARM UP

@johnnyryan

@johnnyryan

@johnnyryan

@johnnyryan

Assault course for insects

@johnnyryan

1. Read/watch what we ask you 2. Be skeptical 3. Argue 4. Cite who you source from 5. Attend and participate

Recap on last week

@johnnyryan

REFLECTION

@JOHNNYRYAN

@JOHNNYRYAN

“Humans are rational decision makers”

Agree or disagree with this week’s claim:

DATA

@johnnyryan

@johnnyryan

@johnnyryan

@johnnyryan

THE SELF

@johnnyryan

@johnnyryan

Sunday Times/B&A poll, September 2016

@johnnyryan

12

Party Support Levels – Detailed Breakdown Trend (Excluding Undecided – Adjusted)

Q.8 And to which one of these groupings or types of Independents would you give your first preference vote?

27

24 26

31 31

28 30

23

26 26 25

23

20 19

20 19

20 20 22

26 27

25

30 28

19 19

21

17

16 17

15

17 16

17 14

18

6 8

7 8

6 8

4 4 5 5 6

7

2

4 5

2 2 3

4 5

8 7 6

4 4

12 12 12 11

12 10 10 10

8 9

8

12

0

5

10

15

20

25

30

35

Aug-15 Oct-15 Nov-15 Dec-15 Jan-16 2nd Feb-16 16th Feb'16

April '16 May '16 Jun-16 Jul-16 Sep-16

Fine Gael Fianna Fail Sinn FeinLabour Party Green Party Independent AlliancePeople Before Profit/Anti-Austerity Alliance Workers Party RENUA IrelandSocial Democrats Independent candidate

Fianna Fáil

Fine Gael

Sinn Féin

Independent

Labour Party People Before Profit/AAA Independent Alliance Green Party Workers Party Social Democrats RENUA Ireland

4

1 *

%

2

@johnnyryan

SOCIAL ATTITUDES

@johnnyryan

@johnnyryan

@johnnyryan

@johnnyryan

WORK

@johnnyryan

@johnnyryan

A FACTORY?

@johnnyryan

A LAUNDARY?

@johnnyryan

A SPAR?

@johnnyryan

A TECH OFFICE?

@johnnyryan

CORPORATE?

@johnnyryan

WHY DID YOU STUDY

BUSINESS?

@johnnyryan

@johnnyryan

400

425

450

475

500

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

$60,000@johnnyryan

�53,000US figure, converted to Euro

@johnnyryan

5

* Full-time, full-year workers with a terminal Bachelor’s.

MEDIAN EARNINGS BY MAJOR GROUP*

Engineering

Computers and Mathematics

Business

Health

Physical Sciences

Social Science

Agriculture and Natural Resources

Communications and Journalism

Industrial Arts and Consumer Services

Law and Public Policy

Biology and Life Science

Humanities and Liberal Arts

Arts

Education

Psychology and Social Work

70,000

75,000

60,000

60,000

59,000

55,000

50,000

50,000

50,000

50,000

50,000

47,000

44,000

42,000

42,000

70,000

55,000

80,000

89,000

62,000

57,000

99,000

80,000

65,000

65,000

70,000

60,000

85,000

90,000

85,000

I

I Median Earnings for those with only a Bachelor’s Degree Median Earnings with Graduate Degree

64507_Brochure.indd 5 4/29/11 6:16 PM

5

* Full-time, full-year workers with a terminal Bachelor’s.

MEDIAN EARNINGS BY MAJOR GROUP*

Engineering

Computers and Mathematics

Business

Health

Physical Sciences

Social Science

Agriculture and Natural Resources

Communications and Journalism

Industrial Arts and Consumer Services

Law and Public Policy

Biology and Life Science

Humanities and Liberal Arts

Arts

Education

Psychology and Social Work

70,000

75,000

60,000

60,000

59,000

55,000

50,000

50,000

50,000

50,000

50,000

47,000

44,000

42,000

42,000

70,000

55,000

80,000

89,000

62,000

57,000

99,000

80,000

65,000

65,000

70,000

60,000

85,000

90,000

85,000

I

I Median Earnings for those with only a Bachelor’s Degree Median Earnings with Graduate Degree

64507_Brochure.indd 5 4/29/11 6:16 PM

5

* Full-time, full-year workers with a terminal Bachelor’s.

MEDIAN EARNINGS BY MAJOR GROUP*

Engineering

Computers and Mathematics

Business

Health

Physical Sciences

Social Science

Agriculture and Natural Resources

Communications and Journalism

Industrial Arts and Consumer Services

Law and Public Policy

Biology and Life Science

Humanities and Liberal Arts

Arts

Education

Psychology and Social Work

70,000

75,000

60,000

60,000

59,000

55,000

50,000

50,000

50,000

50,000

50,000

47,000

44,000

42,000

42,000

70,000

55,000

80,000

89,000

62,000

57,000

99,000

80,000

65,000

65,000

70,000

60,000

85,000

90,000

85,000

I

I Median Earnings for those with only a Bachelor’s Degree Median Earnings with Graduate Degree

64507_Brochure.indd 5 4/29/11 6:16 PM

source https://cew.georgetown.edu

@johnnyryan

How I measure the perfect job

PRESTIGE PURPOSEx xPAYMENT

@johnnyryan

I will be paid the same or

slightly more than before

The role will give me some access + some

credibility

The org does something I

value to some degree

Example of a mid-career job with balance

PRESTIGE PURPOSEx xPAYMENT

@johnnyryan

I will be paid significantly less than my

peers

The role will give me little

access or influence

The org does something I believe is

essential for the social good

Example of an early career job at a charity

PRESTIGE PURPOSEx xPAYMENT

@johnnyryan

PURPOSEI will be paid significantly less than my

peers

The role will give me

influential access to key

decision makers

The org does something I

value to some degree

Example of an early career job at a policy think tank

PRESTIGEx xPAYMENT

@johnnyryan

@johnnyryan

@johnnyryan

@johnnyryan

PERSPECTIVE

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Commercialisation of the Web

Peak: 10 March 2000

@johnnyryan

Finally here’s something about the Net to pique your interest. Real money. Real fast.

@johnnyryan

We are watching the beginnings of a global economic boom on a scale never experienced before. We have entered a period of sustained growth that could eventually double the world’s economy every dozen years and bring increasing prosperity for – quite literally – billions of people on the planet. We are riding the early waves of a 25-year run of a greatly expanding economy...

@johnnyryan

“the single greatestlegal creation ofwealth in the historyof the planet”.

- John Doerr

@johnnyryan

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.”

- Charles Mackay

Extraordinary Popular Delusions and the Madness of Crowds

@johnnyryan

@johnnyryan

Tulips

1634 to 1637

Sempre Augustus species

@johnnyryan

@johnnyryan

@johnnyryan

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Commercialisation of the Web

Peak: 10 March 2000

@johnnyryan

IPO. $30 per share in the morning. Grew by 698% in a single day to $239.25 per share!

@johnnyryan

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@johnnyryan

- CNN, November 2000

‘a $1.7 trillion lesson’

@johnnyryan

-Warran Buffet

Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball.

@johnnyryan

-Warran Buffet

They know that overstaying the festivities – that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future – will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party.

@johnnyryan

-Warran Buffet

Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.

@johnnyryan

Perspective

@johnnyryan

@johnnyryan

FADS@johnnyryan

@johnnyryan

@johnnyryan

@johnnyryan

@johnnyryan

@johnnyryan

@johnnyryan

@johnnyryan

@johnnyryan

@johnnyryan

80sgarishcolours

skin

wearingsunshadesindoors

bandanas

headbands

2gerskinvery,very2ght

pants

Shaggymanhair @johnnyryan

@johnnyryan

@johnnyryan

@johnnyryan

NBER WORKING PAPER SERIES

GROWTH IN A TIME OF DEBT

Carmen M. ReinhartKenneth S. Rogoff

Working Paper 15639http://www.nber.org/papers/w15639

NATIONAL BUREAU OF ECONOMIC RESEARCH1050 Massachusetts Avenue

Cambridge, MA 02138January 2010

This paper was prepared for the American Economic Review Papers and Proceedings. The authorswould like to thank Olivier Jeanne and Vincent R. Reinhart for helpful comments and the NationalScience Foundation Grant No. 0849224 for financial support. The views expressed herein are thoseof the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies officialNBER publications.

© 2010 by Carmen M. Reinhart and Kenneth S. Rogoff. All rights reserved. Short sections of text,not to exceed two paragraphs, may be quoted without explicit permission provided that full credit,including © notice, is given to the source.

@johnnyryan

NBER WORKING PAPER SERIES

GROWTH IN A TIME OF DEBT

Carmen M. ReinhartKenneth S. Rogoff

Working Paper 15639http://www.nber.org/papers/w15639

NATIONAL BUREAU OF ECONOMIC RESEARCH1050 Massachusetts Avenue

Cambridge, MA 02138January 2010

This paper was prepared for the American Economic Review Papers and Proceedings. The authorswould like to thank Olivier Jeanne and Vincent R. Reinhart for helpful comments and the NationalScience Foundation Grant No. 0849224 for financial support. The views expressed herein are thoseof the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies officialNBER publications.

© 2010 by Carmen M. Reinhart and Kenneth S. Rogoff. All rights reserved. Short sections of text,not to exceed two paragraphs, may be quoted without explicit permission provided that full credit,including © notice, is given to the source.

@johnnyryan

NBER WORKING PAPER SERIES

GROWTH IN A TIME OF DEBT

Carmen M. ReinhartKenneth S. Rogoff

Working Paper 15639http://www.nber.org/papers/w15639

NATIONAL BUREAU OF ECONOMIC RESEARCH1050 Massachusetts Avenue

Cambridge, MA 02138January 2010

This paper was prepared for the American Economic Review Papers and Proceedings. The authorswould like to thank Olivier Jeanne and Vincent R. Reinhart for helpful comments and the NationalScience Foundation Grant No. 0849224 for financial support. The views expressed herein are thoseof the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies officialNBER publications.

© 2010 by Carmen M. Reinhart and Kenneth S. Rogoff. All rights reserved. Short sections of text,not to exceed two paragraphs, may be quoted without explicit permission provided that full credit,including © notice, is given to the source.

@johnnyryan

...and we are back!

@johnnyryan

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The price of houses in Dublin. (2005 value is 100%)

%data from CSO Residential Property Price Index

@johnnyryan

PESTPoliticalEconomic

SocialTechnological

@johnnyryan

PESTLEPoliticalEconomic Social

TechnologicalLegalEnvironmental

@johnnyryan

PERSPECTIVE

@johnnyryan

If you need to talk to me: Any Tuesday 15.00-16.00, at Q108

johnny.ryan@ucd.ie

@JOHNNYRYAN

If you need to talk to Carolin: Any Monday 11.00-12.00 foundations@ucd.ie

@JOHNNYRYAN

1. Context is the assumption antidote2. History is invaluable 3. Perspective enables fad detection

@johnnyryan

Summary