The Hope.

January 23, 2017


The Hope

Hope plays an important part in our expectation, for hundreds of years mankind has behaved and reacted in a peculiar manner, once things turn sour, we tend to hope and pray for things to get better. Regardless of the situation, hope gives us the strength to hang on and look forward, it makes us to expect the impossible, it tells us a change of luck or a miracle may come our way saving us from these troubled times.

When one starts to leaves things on luck of chance, fate and begins to believe things will get better, then it’s a condition of hope and hope is your worst enemy when you are trading the markets and you are losing, cause hope may only make matters worse.

A condition of hope prevailed on the markets, they had started heading down, but a state of denial supported investors to continue their beliefs and investments on the way down.

Market reports, the media and everything else suggested a correction was underway and Financial Guru’s were on TV, advising everyone that a correction is underway and in no manner this should be read as a all-out collapse of the Internet Sector.

After all the markets had continued to gain year on year for the last decade and corrections then were ideally an opportunity to buy more stock, invest in new ventures and leverage on the lower prices.

The hope was the Feds who had supported previous down moves would ensure that the markets were tuned to the upside for ever, after all a prosperous investing crowd was good for the economy.

With this Investors continued to pour capital into private equity deals and large-scale public companies found valuations cheap to diversify their investments and create new revenue streams for their shareholders.

As the public companies struggled to build their own revenues, their diversification plans provided them with the hope of growth in technology, as technology and the Internet are here to stay and a switch now could help them save the day.

The real problem for the old economy companies was, the supply of goods and services they provided, they had either gone out of fashion or were not in demand anymore and their continuous supply was constantly depressing prices further and creating a deflationary environment in the economy where prices are headed only one way. Lower!

Most old economy companies took this opportunity of lowered equity valuations to diversify into technology, as technology companies continued to remain the darling for most investors and even on the way down, they constantly craved for more.

For the old economy companies this provided an ideal opportunity to sell out and revive defunct companies which had lost an interest with Investors, all they had to add was a good plan worth exploring, huge revenue projections and a management team which had some track record providing the basis for execution.

The problem was not many of these late stage aspiring technology companies understood much about technology or were innovative in any manner, they also hardly understood what had been created and delivered by many by most successful technopreneurs.

A phrase of Investing on concepts prevailed and even after six months since the March 2000 Nasdaq bust, capital could still be raised on ideas of innovation but it was starting to get difficult. Public companies armed with public money continued to soak up private technology companies that provided them with basis of justifications on their own corporate revenues.

Companies in debt, companies with cash flow issues and companies in general who were unable to secure capital via traditional means, one by one realized the opportunity of tapping capital from the stock markets since regulations and listing requirements were been eased. They changed their names, added a dot com, venture, or an “I’ and “e” to their names, jazzed up their offices and headed towards the public who were happy as long as they could pass on theirs buck to someone else. .

Not realizing the real game and noticing the fame. Wealth was been created on the basis of valuations. The public, governments and everyone else applauded technology companies and continued to create an environment deemed perfect for technopreneurs to set up operations.

Successful technopreneur’s, businessmen, and many others who were able to access billion dollar valuations and capital soon joined the bandwagon of setting up incubation companies. They were no longer satisfied with getting a piece of public listed companies and instead wanting to get closer to the action, incubation firms were springing up everywhere.

Traditional companies with experiences in construction and developments, used their excesses warehouses as incubation spaces, companies who had more office space then they could use, converted them into lab where startups could be breed and companies / individuals with nothing much to offer, went around as consultants offering strategic advice to the technopreneur in exchange for equity.

These were indeed the final days, but hope continued for technology and rasing  capital became increasingly difficult. Believers of the stock market continued to hope for a turnaround in the stock market and continued to leverage on the way down. With money becaming increasingly hard to raise from stock sales, most turned to trading services and products for equity, for the dot com, its equity was still in demand, although not cash, but for services and those who accepted such deals, their hope was the value of todays equity is still discounted in comparison to future potential. At least this was the hope for everyone.

With the Nasdaq peak in place and constant falling market prices, some venture capital firms and institutional investors were among the first few to realise the changing tides and started to quickly look for alternatives to let go their babies in their portfolio’s.

Some looked for suckers in the financial times for names listed on the stock market, while others were quick to realize the tides had changed and pushed their start-ups for market share instead of revenues and a phrase of consolidation prevailed.

Technology companies merged and consolidated to produce the largest media house, largest data storage company and largest companies of all sort, for it looked good for the public markets, but all the consolidation and expansion required capital and the dollars had already been spend before even a single dime was made.

For there was hope and a sucker in the role of an Individual investor in the public markets and such was their hope, that they invested their life savings on expectations of capital returns a hundred fold.

While some had parted with their life long savings betting on technology, others had simply bet and lost their careers, although stable , they staked it for the fame that came with being into technology. Presidents, ceo’s, manager’s and many had simply resigned form their daily routines, all wanting to take their shot at technology and Internet ventures.

Some quit to setup the next big thing, while others were simply wanting to get out of the boring careers, the Internet had offered everyone something, for some it was cash, for others fame and for the rest a chance to prove their inherent entrepreneurial qualities of Innovation.  The career changes that were occurring were indeed a very daring move for anyone, but all the basis of justification for doing so were there, the media had continued to trump success of technopreneurs and stories were abound of individuals risking their careers, marriages and whatever else to ante up in technology on this down move.

Stories were abound of how technology had changed the course of our life’s and how a simple farmer was able to boost productivity with the miracles created by technology, it was a daily occurrence in the local papers to read about how technology combined with biology were creating tissues to save mankind from mortality and how technology had boosted efficiency in the workplace.

But in all this the lesson was clear, time was short and plenty many hopefuls were waiting at the door, hoping to cash out of their tech investments, little did they know that the door had already closed.

With the pressure mounting and as the markets fell, investor’s appetite gradually disappeared and those who had already invested, started to feel the pain and complained, asking questions on how could they have invested in companies which looked so fantastic and yet had no revenues to prove their claims and for the companies who had no revenues, they justified by suggesting their innovation was unique and since so, it requires more capital to reach out to the masses, it requires more capital for education, marketing and in some cases completing product development.

With the markets collapsing, the downfall had squeezed all capital from the markets, investors and companies both were now looking for someone to blame their folly upon, as they both genuinely believed they had become part of a larger conspiracy theory, they increasingly started to look elsewhere to point their blame and claim for their pains.

For technopreneurs, they blamed their venture capital companies for not parting them with any more capital to burn, since it was the venture capital companies who originally preached them the ideas of developing market share instead of revenues, they had told their start-up’s to continue building market share via means of exposure and not focus on revenues, since a company with a greater exposure will be able to command higher premiums on the stock market.

The VC’s had advised their start-ups to execute the “GBF” strategy and to grow big fast and build up their first mover advantages, thinking this would allow the start-up to command significant market share first and then considerable amounts of revenues shall follow, a strategy also deployed by now defunct webvan and even used by Amazon.com in its earlier years.

Amazon.com and Webvan both companies famous for “GBF” strategy relied heavily on access of capital from the public markets and had a powerful affliction that have since killed many dot com’s as well as traditional companies.

GBF is a captivating idea for management, even after its predicament often called for the purchase of assets or businesses that could add value to the overall bottom line of an organization.

Webvan picked up a range of warehouses across America, networked by pickup trucks driven by courteous drivers and hoped for customer satisfaction from lowered prices and an efficient delivery system, Similarly for Amazon, who because of its bulk purchasing power and country wide supply chain hoped that they could provide customers with an overall value proposition.

Once the doors were closed, additional fund raising became extremely difficult and companies depending on them were quickly to feel the pain first, in fact GBF is a very capital-intensive business. Cut off the capital and these companies fall in trouble.

The hope for many was that the Bull Run in the public markets would continue and provide for additional capital as and when required. Corporate America and its efficient management teams had become complacent due to the excess liquidity that was once available and with the bubble now bust, the test of the best was on the cards. The VC’s who once preached first mover advantage now started to learn first mover also is the one to to first hit deal stand woes.

Customers, Investors, employees and partners were now getting upset and were losing their patience, they wanted to know what was happening to their companies, their investments they had made, the products they had purchased and on the companies that were dealing with.

With their loss now turning into Anger, they first turned their attention to the Federal Reserve Chairman, Mr Allan Greenspan for not doing enough and with questions why the federal reserve was slow in reviving the economy and couldn’t the FEDS use a miracle pill to make all the pain go away similarly to the manner the FEDS had acted in the past.

In one of the occasional state of the union address, when the Federal Board met with the government to discuss on going’s issues in the economy, one Senator took the opportunity to question the chairman, asking him, on whether he the Fed Chairman was responsible for the market fallout as he chose to  raising interest rates during a time where economic growth was in question and by doing so the FEDS had drained the much required liquidity out of the system and made capital inaccessible for companies who depended on it for growth.

The senator like many others was feeling the pain from the fall in stock prices and when people feel the pain they often fail to remember the good times they had enjoyed due to the stock market rise over the last decade.

Everyone suddenly became upset with the Feds as this time around even actions of the FEDS had failed and the dot com crash was slowly exposing major flaws in the system. The FEDS even after aggressively cutting interest rates failed to provide any boost in stock market prices as well as a boost in lenders willing to borrow money. The financial markets and system was slowly beginning to get into a depression.

With little recourse, Investors started closely examining their portfolio companies, trying to find what was the real issue behind the lowered valuations and falling prices, they were searching now for a solution that would assist them in recovering part of the lost capital and provided them with some sort of justification for their folly.

They then turned towards Investment Bankers, Investment Houses and Market Analyst who had prided themselves with being one of the best money managers and analyst of all times, just before the crash. After all these could be the people who had benefited by selling stock to the public, they reckoned and these were the same people who had made bullish claims of Internet stocks that could never perform, their anger turned towards investment bankers for the reason that Investment bankers and  their respective houses could have been working in tandem to push stock to the public suckers, knowing that now they had been suckered, they questioned practices of professionalism in organizations as such.

Lawsuits flew left, right and center against merchant bankers, their analysts and all those who had misled the public into buying now worthless technology companies.

In all of this, there was some hope that if someone could be found guilty then at least part of the lost capital could be recovered, Little did they know, billions had already been lost and the worst ride was only beginning, The danger was too many companies had pulled the tricks on investors and one by one they were been exposed by the public and in doing so they were only eroding further value off the stock market, which they wanted to recover.

For Technopreneurs, they were many, many were indeed hopefuls, hoping for the market to turn so that their investors and companies could go public, the truth was they were still hoping for a free public lunch while the window opportunity for it had long been closed.

technopreneurship_Daniel-Mankani

Technopreneurship – The Successful Entrepreneur in the New Economy – Daniel Mankani. Published 2003. Pearson Education Asia – All rights, copyright reserved Daniel Mankani { ISBN0-13-046545-3 }

Chapter The (False) Hope >>> Technopreneurship-The Successful Entrepreneur In The New Economy.

LINKS
Disclaimer. http://ul3.com/L30qH
Back to the Beginning. http://ul3.com/aeVUG
BTAMSC – http://ul3.com/vAqdH
The Greed: http://ul3.com/pUDgd
The Ignorant, Zombies: http://ul3.com/PP8Ez
History: http://ul3.com/1rCFA
Chart Patterns: http://ul3.com/54VLV
Introduction to Technical Analysis. http://ul3.com/kcYCE

Writings.
INTRODUCTION TO FINANCIAL MARKETS & TRADING OPPORTUNITIES IN COMMODITY, CURRENCY, & FINANCIAL FUTURES. http://ul3.com/dAFWj
Revolutionary Transformation Ongoing. http://ul3.com/kcYCE
– Global Economic Collapse  January 18, 2016

And Why;
Technopreneurship Development – Daniel Mankani. http://ul3.com/kcYCE
– Published Sep 2003. Pearson Education Asia

Perception vs Reality

January 22, 2017

Perception of the Mind. Daniel Mankani.

Perception of the mind, no one can answer. What is wrong or right?, What is the right way forward, No one can tell you?. Is it not?

What you know, is due to some external influences, some experiences of strong emotion of the past, deeply ingrained, which drives your next perception, idea or thought, in the direction, towards the direction, of your own self made fantasy, creation or concept, which was in someway, important to know, and impact, which came about or budded up from that, deeply ingrained emotional impact, that you somehow experienced, and this became, your first budding memory of pain and brought about fear.

While, me too am experiencing an enlightening moment, on this subject, me too am searching, for the definite answer, me too, am driven by thoughts of perception and reality, experiences, which too, came from somewhere.

Crooks of every kind, manipulators of the human mind.

I would also like to believe that, this is my own creation and i am a genius, too.

Look, see, do like me. Truth is; this knowledge, that I have recently acquired, is also a creation of my recent developments.

Its all an influence from somewhere, somewhere external.

There are no coincidences, or luck by chance, its strategic. And as an analyst, its one’s task to question everything.

And as a trader, we trade only in the direction of the trend. if last bar is up?. Are you long or short, on the current bar? Are you against the trend? or in favour of the cycle?.

What is your longer term objective? Where do you think, its heading?, Where is your STOP?

Do you have trades on the trend or against it?
And, Why?

The game of Speculation; is a constant battle of perception vs reality.

Trade the path of least resistance is the cardinal rule always, what happened past, is likely to follow, to continue, amid some setbacks, on the journey, observe the momentum, to tell you, when it bends. Human Behaviour is ingrained, markets don’t change, till human’s do.

Know the BEAST!. If you are looking for hocus pocus, then its hope playing out ON you,

know HOPE, cause that is what 2017 will bring. 2017 will remove the illusion of authority, the illusion of economic recovery, which then begets, a revolutionary, creative destructive move to the downside. Starting anytime, just about now.

 

A quant speaks.

January 15, 2017

a quant speaks.

You have to change for the situation to change.
Inquiry | Understand Karma.

Just like success can be programmed, failures too, are running a program, which in affect is also a program, which exhibits success.

If you are repeating failing, then the cause is no one, but you, as you suffer from the affects of failure, due to your repetitive behaviour, if so, you can also be programmed to counteract those affects, to output the desired behaviour.

As a data analyst, this will make you, understand, that with the data presented, there is no coincidences, everything is well programmed, it’s just the data lying stale there, giving us our very own understanding, of what that is.

It also tells us, if yesterday is the same as today, then tomorrow will be the same, cause human behavior is the hardest to change.

Introduction to TECHNICAL ANALYSIS.

These human behaviours, repeatedly provides us with trends, outputted at various sites of BTAMSC.

This is what we do, at banking technologies Asia. We study data, data that is clean, data that is not obtained, but gathered, studying human behavior, in current form and the past, and we store this data, and call this dataset1 {history}.

On any single day, we analyse practically everything, gathered in real time, these bots of ours, operate like spiders, they dive deep into the web, to collect everything. To know everything, and archive it into history.

We keep track of the news, via snapwire.com.

To analyse to {dataset1}, we add another sets of new data into it, our bots gather and keep track of comments on blogs and all forms of social media, and we store these as {dataset2} as name them as feelings, or thoughts.

With this new data, a new preservative is added into the spectrum, to identify, his reality, vis perception, we scrub the two datasets, against each other.

We get a pattern. A pattern of truth.

Introduction to Chart Paterns.

Most importantly, we get to develop, predictive technology, intelligence is been gathered on our system, by giving us the predicative capability, of determining the next probable outcome, with the relative degree of safety, of potential pitfalls, challenges that may arise, in the fulfillment of the most probable outcome and what if; how; and other potentially required, questions, can be outputted from such a system. The most probable trends, our current condition of inquiry, are again outputted for scrubbing, at  http://dynamictrader.com And http://dynamictrader.org, sites we operate since 1998/-.

As such, we run multiple tools of information gathering systems and run them against each other, to determine the path of most probable outcome, this is a trend, that we are attempting to identify, the path of least resistance.

Analysis is a subject of repeated inquiry, that is what it is. The questioning and repeated inquiry, of what if, why, and every such question is the subject of such inquiry, then this is what is outputted, its called Intelligence, a state of {I Know more than you.}.

We then add into {another dataset3} , we call this economy. We track financial data, of all nature.(p)

Financial s Comparison Analysis.

KINDLY ACKNOWLEDGE THIS SITES DISCLAIMER of Dynamictrader before proceeding to any of its archived content. Our permission of granting you access, is depended and subjective based upon your agreement, to all our site terms and conditions, privacy and copyright terms and respective risk disclaimers. of which, you relieve us against any liabilities now or in the future, from the use and access of information, which are raw in nature in many cases, and you may suffer losses beyond your comprehension, leading to even cause of death, if you are walking across the street in deep confusion or doubt. 

INTRODUCTION TO FINANCIAL MARKETS & TRADING OPPORTUNITIES IN COMMODITY, CURRENCY, & FINANCIAL FUTURES – Archived on: Jan 2, 1995 | http://ul3.com/dAFWj  | http://dynamictrader.org/financial-markets-trading-opportunities-commodity-currency-financial-futures/

We believe in is a world without borders. A world without barriers and monopolies protecting the inefficient are been questioned. The days of segregation are behind us. Talent remains global and capital follows it. Redundant processes once identified become obsolete. Value creation meets success. Technology deployment demands speed!. Its Human Evolution not Revolution. Will you sink or swim?.

Progressively Evolve and aggregate extensible success, deploy existing resources and reinvent. Strategic deployment and high standards delivers value to your customers, our customers!. To redefine processes, Ask BTAMSC, Give us a Challenge!.  As Quants, Data is our best friend, without bias and corruption, we identify the inefficient and make them obsolete. For a Better World! Full of Love. For you, for us and our Lovely Planet.

BTAMSC is currently seeking partners to value add in the following joint ventures. Cloud based solution upload.asia, SocialNetwork platform planetic.com, Alternative News Media, snapwire.com, P2P+Merchant Solutions payments.asia, Virtual and Social Gifting redpacket.com, Ebooks Magazine Store emagbook.com, Expats community site, escapeartist.in, Free online educational platform elearningweb.com and virtual office platform keyteams.com.

Bidlease.com – Joint Venture Opportunities.

Learn more about our company, here; http://banktech.net

Our data is not for sale. For fear of corruption and bias.
We practically have no clients, want no clients.
We seek value adding, performance driven, systematically executing; joint venture partners.

Venture capital is available, meeting such criteria.

Our Services. We can help you;
ReInvent
ReInvent the Physical Presence with a Tasks Based Efficient Digital Office.

ReStructure
Restructure skills and resources assets globally with BTAMSC start to end solutions.

ReAlign
ReAlign resources to specific tasks, objectives to meet goals, outlined in milestones.

RePresent
RePresent in various online channels and grow to your full potential.

LINKS
Disclaimer. http://ul3.com/L30qH
Back to the Beginning. http://ul3.com/aeVUG
BTAMSC – http://ul3.com/vAqdH
The Greed: http://ul3.com/pUDgd
The Ignorant, Zombies: http://ul3.com/PP8Ez
History: http://ul3.com/1rCFA
Chart Patterns: http://ul3.com/54VLV
Introduction to Technical Analysis. http://ul3.com/kcYCE

Writings.
INTRODUCTION TO FINANCIAL MARKETS & TRADING OPPORTUNITIES IN COMMODITY, CURRENCY, & FINANCIAL FUTURES. http://ul3.com/dAFWj
Revolutionary Transformation Ongoing. http://ul3.com/kcYCE
– Global Economic Collapse  January 18, 2016

And Why;
Technopreneurship Development – Daniel Mankani. http://ul3.com/kcYCE
– Published Sep 2003. Pearson Education Asia

 

Trends: The entire system needs a reboot, a kick in the butt. moment.

December 20, 2016

The entire system needs a reboot, a kick in the butt, a wake up call,
saying; ” LOOK!, All of this, is a very big misunderstanding “,
if you know what I mean. 

- daniel mankani, author, Knowledge Based Economy. Published on: Dec 20, 2016 @ 08:01

The news reports emerging are all crazy and those in power, have resorted to calling it FAKE NEWS.

Fine, one can agree to that, it could be false, but telling someone or deciding for someone else, what true and fake is already an attack on ones conscious, an individuals moral right of free will. Telling them not to think? and emphasizing is no wonder, why, there are indeed, so many zombies in every part of the system.

The entire educational system has wrongly assumed the role of telling everyone what is wrong and what is right, by practicing teaching of education by the means of memory recollection, instead of teaching students of How to think?. Once you destroy this thought process and try to define individuals further by leading them into higher educations, certification, then careers and professions, you are already creating zombies for the benefit of the masters of the system, serving up slaves, and controlling them by debt and fear of losing out to peer pressures, driving up their insecurities further and away from their own discovery, and then you still expect them to be efficient and innovative in their approaches. You are sitting on a big fat wish. 

No wonder we are now faced with the kick in the butt moment. Note, its you!, who took away, their moral right to think? And its you, who has now become the solution to everything, despite you been the one, who got everyone unto this path of mess, in the first place.

And its no surprise today, that the world is lacking solutions to all the worlds problems, cause the ones who are suppose to have solutions are the same ones, who actually got us into this mess in the first place, Is it Not?

Before, we go on with this discussion further, lets first analyse, what exactly is a zombie?

A zombie is a computer code that does things based on a rule based engine, it has no thought, no empathy, it just does what it’s told.

To add intelligence, you need to add, what and if scenarios. And if you can cover all the possible, what and if scenarios, then you will encounter self intelligence and a self learning process begins, chip based systems refer to this as artificial intelligence, while humans don’t need to learn this as they have a natural ability to think, but it becomes a case of; use it or loose it, becoming a zombie.

On the other hand, a rule based approach, which is reactionary to current circumstances and with more code and more rules added on top of past errors as in order to cover the gaps as and when they become self evident, is a reactionary self preservation approach, So new rules are written on top of the current set of rules, and what you get is a systematic collapse, as each new rule added is in the interest of self preservation, in deception and deceit to address past flaws and what the system master doesn’t recognize or acknowledge his past mistakes, he then becomes bound to repeat them again, continuing down the path, not fixing but counteracting his past gaps, while opening up issues, leads the system to becoming bulky, non operative, buggy, and then a crash.

its a bad code, a destructive bad beast gene, A virus thought process. Monkey see and Monkey do. And a ZOMBIE!

The zombie virus is pursuing a systematic approach, reactionary and impulsive of destruction behavior in its self preservation mode. Its not not value creating or efficient in its design, its reactions are based on its current circumstances and the need to survive and it doesn’t understand its own current circumstances and understand all events are dynamically changing and as each new action or event is introduced into the equation making once again circumstances to change evolve dynamically in its the current and the future forms accordingly, while the past flaws still remain hidden. And that’s why, its often said; when the truth emerges, it always runs a shiver down your spine in this case complete loss of self preservation, misery and its own collapse.

Companies too.
Companies, who charge customers on the basis of their own costs, their rationality been their costs that they need to cover in order to survive instead of costs incurred in delivering value.

Governments too.
Self interest and reactionary policies are so much further away from the actual truth, the equilibrium of all things. A pattern quite evident for those who can see and its worldwide.

And Individuals.
They rather drop off the jobs force, become a non participation statistic, rather than take a job at a lowered pay, than get paid less than their own expectations to survive. It don’t matter to them, that taking a new job and a new job skill, will make them productive once again, yet; they prefer the path and the jobless pain’s it brings to them.

No one is to blame. Another misunderstanding. It will deliver the pain needed for change to occur and those who don’t evolve or do not want to evolve will find misery and its company and time and time again all failures are due to this repetitive destructive pattern of a Zombie.

Zombies! will eventually be all eradicated and after some time they too will evolve and corrupt the system again. but not in the age of transparency, where all that you have done and will do. Is known to all.

LINKS
Disclaimer. http://ul3.com/L30qH
Back to the Beginning. http://ul3.com/aeVUG
BTAMSC – http://ul3.com/vAqdH
The Greed: http://ul3.com/pUDgd
The Ignorant, Zombies: http://ul3.com/PP8Ez
History: http://ul3.com/1rCFA
Chart Patterns: http://ul3.com/54VLV
Introduction to Technical Analysis. http://ul3.com/kcYCE

Writings.
INTRODUCTION TO FINANCIAL MARKETS & TRADING OPPORTUNITIES IN COMMODITY, CURRENCY, & FINANCIAL FUTURES. http://ul3.com/dAFWj
Revolutionary Transformation Ongoing. http://ul3.com/kcYCE
– Global Economic Collapse  January 18, 2016

And Why;
Technopreneurship Development – Daniel Mankani. http://ul3.com/kcYCE
– Published Sep 2003. Pearson Education Asia

 

technopreneurship_Daniel-Mankani

Technopreneurship Development – Daniel Mankani

December 9, 2012
technopreneurship_Daniel-Mankani

Technopreneurship – The Successful Entrepreneur in the New Economy – Daniel Mankani

{Reprinted with permission “Technopreneurship – The Successful Entrepreneur In the New Economy” – by Author Daniel Mankani, to purchase this book, proceed to amazon.}

A Role for Society in Technopreneurship Development, a chapter written in 2002, explains the creative destructive forces at work in practically every aspect of human life and the reasoning for the massive confusion, leading up to revolutions, lack of employment opportunities and governments fiscal deficits. Technology is usually blamed for making the world a smaller place, the writing was on the wall since the late nineties, this chapter refreshes our memories.

Daniel Mankani is the founding CEO of BTAMSC and drives strategic decisions of the company, currently he is writing, “Knowledge Based Economy, Its Evolution, Not Revolution, the new prelude should update Technopreneurship-The Successful Entrepreneur in the New Economy, an often quoted text book, part of  universities diploma/degree syllabus on technopreneurship courses.

 To download PDF version of this chapter, click here.

A Role for Society in Technopreneurship Development

The economies of industries are already in a grave recession, the addition of the information economy has further diluted its potential value and the collapse of the NASDAQ has in essence killed all consumers and businesses growth potential.

Today, we stand at important crossroads, the hope is for information technology to address the inefficiencies that are visible in today’s marketplace and provide us with a platform to jumpstart and revive the global economy.

The NASDAQ collapse was a boon in disguise, it showed us the importance of value and reminded us about the rallies of greed and their sustainability, the only regret we have today is the rally should have been checked and shouldn’t have got out of hand.

In this process, the move to the upside on world markets made us to forget the basis of economic growth, made us to think we are invincible and made us to build up huge layers of inefficiencies, debt and excesses in the system, which we are now fighting hard to correct.

Today, we have more of everything, we have more food on the face of the planet, we have more technology then we can use, we have more houses then people can be sheltered and all that we lack is market driven demand to soak them up

On the other hand, the involvement of Eastern Europe, China, India and a dozen of other countries in the capitalist markets in the last two decades is not helping us either, all of these countries are churning and dumping goods and services on the world markets faster than any demand we could build up, this in essence has then contributed to a disastrous dilution effect, which is of little value as it destroys wealth.

In turn, the dilution era has effected consumers and businesses spending patterns and they have tighten their belts and have developed a wait and see attitude towards prices, with the rationale, why buy now? When tomorrow goods are only going to get cheaper? The tomorrow they look forward to may never materialize as the days thereafter prices are expected to head even lower.

The old routes of economic growth and prosperity have also been increasingly blocked, the earlier days economic model which once seemed rock solid do not function anymore, the export oriented growth model, which most Asian countries implemented are now in doubt and the once successful Japanese model has faltered and all this is very disturbing.

What we are experiencing is the collapse of all demand as we know it and this has affected practically every business, with businesses in trouble then the question is, who is going to employ our workers, who is going to pay those taxes and how are we going to keep the engines of the economy humming along fine.

The answer may just be in front of our eyes.  TECHNOPRENEURS> we need more of the technopreneur to build world-class companies. We need technopreneurs to build solutions that will spur growth and demand so excesses can be soaked up with ease and we need technopreneurs to build up the information economy whose value will benefit the economies of industries the world over.

In a speech on “Structural Change in the New Economy”, delivered to the National Governors Association on July 11 2000, Federal Reserve Chairman Allan Greenspan argues, “it is the proliferation of information technology throughout the economy that makes the current period appear so different from preceding decades.”

He continues by mentioning ’“One result of the more-rapid pace of IT innovation has been a visible acceleration of the process that noted economist Joseph Schumpeter many years ago termed ‘creative destruction’—the continuous shift in which emerging technologies push out the old.” Among the advantages of the New Economy is the ability of corporations to generate a flood of information in mini- seconds, allowing them to “reduce unnecessary inventory and dispense with labor and capital redundancies.”

He highlights to us, the speed and efficiency of the integrated supply chain in the new economy and its greatness whose effects can be felt not in the matter of months of years but within days of major economic shifts throughout the whole system, and it’s this efficiency that in turn pinches the man on the street, who controls the majority of all spending and capital.

Another key point the Fed Chairman highlighted was the manner in which the supply chain had been integrated at all levels within the economy, he points out that it’s this efficient supply chain in the global economy that removes the redundancies in the marketplace, if so then this also means majority of the world population are been weeded out and are becoming obsolete.

In all respects these have seen the markets becoming transparent than ever before, the consumer is more demanding than ever before and competition today is so fierce than ever before.

The effects of globalization and the dynamic movements of capital are greater than ever before and the effects, sentiments of the global financial markets are having a greater impact on economies than ever before.

These are in essence some of the challenges for countries and their respective governments for they are wondering how they could retain human capital and their intellectual contribution for a better tomorrow.

They are wondering how they could lead their people out of the economic adversity for the economies of industries and demands have collapsed.  For they have to understand that it’s the technopreneur who develops innovation and that attracts capital and it’s him who holds the key of our economic prosperity for tomorrow.

As society we have a major role to play to assist in the technopreneur’s development and that of technopreneurship, we have to create a cohesive environment, where innovation can be breed, tested and where capital can be assessed so that the technopreneur of today can be market leaders of tomorrow.

We have to encouraging, forgiving towards their deeds and caring towards their needs for they we are breeding leaders who have will command market share and determine how we compete on an International level.

For capital is global and it’s the single most denominating factor that affects our lives, our assets and therefore our future generations and it’s this capital that is attracted to the technopreneur and his world-class company.

It’s the technopreneur’s world class company in our local stock markets that attracts capital and it’s this capital whose movements are swift and are a performance indicator of our underlying economy, increasingly this capital and technology that used to pour in from the first world is also slowing, causing forecasters to systematically downgrade all of our future economic prospects.

With the old foundations of success gone, Technopreneurs, research and development programs, creative capital, and responsible information technology incubating institutions are quickly replacing and building the economic growth foundations for the twenty first century.

We as society, have to ensure we have proper educational processes in homes, schools and universities, if we are to breed technopreneurs, as parents we have to teach them to be giving, responsible, reasonable and allow them in the freedom to express themselves, allow them to destroy the old in creation of the new and most importantly we have to teach them the power of knowledge and how to be able to harness it.

At schools we have to teach them subjects of science instead of politics, we have to show them books of mathematics instead of geography and we have to hold the creators of innovations high, instead of those who capitalize on them.

At universities we have to lead them to the problems and provide them with a foundation in addressing them and not solve problems, which do not exist. We have to teach them the importance of efficiency and the drive behind market demands.

Our professors have to be learned but learned from experience instead of books themselves, because they are good for reference and history, but are static, we need the dynamism and the learned to teach them the joys, pains, prerequisites of a startup cycle and impart to them strategies of management, business and creative destruction.

Our employers have to work harder and weed out any signs of negativity, since productivity, efficiency and creativity directly suffers from them. Our employers have to impart to them stories of persistence and success of the old economy and teach them the importance of teamwork and corporate culture.

For we want to breed visionaries who we want to command and rule the world, cause these are the visionaries, who will capitalize on the great opportunity created by globalization and the Internet.

In the 21st century the recipe for success is knowledge based, not resource based and for those who recognize this, knowledge is the new basis of wealth.

Such is the new wealth that it’s powerful and movable for it can make a country success and while taking the away the success from another. As a society our protection is the buildup and distribution of this wealth for we need to create a system for those who want to access it.

For we need to build up facilities for research and development and creative capital to support them, we need our leaders of yesterday years to assist the leaders of tomorrow. We need our businesses to provide technopreneur’s with the platform for research, development and deployment, so that problems can be viewed, addressed and solutions developed, for they need businesses to recognize that if they are successful, collectively their success comes together.

Businesses need to understand, startups require creditability and require support on the local grounds before they can make way to the global levels, businesses need to understand that technology by itself is no competitive advantage and knowledge is never equal at all levels.

They need to understand that any solution delivered by any big institution has the same components as that of a startup’s offering and at times contracts awarded to big name companies may have been developed by a startup as part of a third party outsourcing agreement. They need to understand that brand name software doesn’t necessarily contain brand type value and lastly they need to understand that technopreneurs are among the best for the job, as they crave for your success more than the businesses themselves.

Businesses need to understand that technopreneurs are no threat to them, but are revolutionary’s implementing change necessary for our evolution, they are required to study the inefficiencies, implement the new and provide a basis for tomorrows growth, despite of this, businesses are still staffed with negativity which fear and that their end is near.

The negativity in the economy is so great, that everyone who accepts change expects risk and risk is what many cannot afford. Businesses need to change this or bring in fresh blood to create this cohesive environment, for the longer the delay. Longer will be its pain.

Businesses need to accept failure and respect those who have failed. One of the many complains that technopreneurs have today, is that they are not accepted back into society as they have failed, they are riddled and feared, and after all who would want to employ an ex-dot comer or a technopreneur that has done it all.

The technopreneur has figured out his income, raised capital, strategize his operations and most importantly has determined his own fate by dynamic adapting to the changes in the environment, on the other hand we have a manager who lives in the shelter of his employer and fears holdings the reins of change and accepting a technopreneur is accepting change.

Businesses need to figure all this out and if they have to creativity destroy the old chains of command and bring in the dynamic, motivated and enthusiastic fresh blood in the organization, theirs choice should very well be the technopreneur again.

For their fear that once the technopreneur has figured them out they will become obsolete, they need to realize if one’s value is lesser then their cost no matter which role they play, they will surely become obsolete.

For they need to understand that the technopreneurs asset is that of knowledge and knowledge is the new wealth, it’s intangible and movable. For they need to understand that never before have we leveraged on the value of knowledge and it was investments in knowledge and intellectual property that made the richest man in this world.

Never before have we seen the richness of knowledge and despite all this, we still see banks refusing to finance its worth and venture capital firms unable to gauge its worth.

For we need to build up the network from which capital can be assessed. Angels, banks and venture capital firms have important roles to play, as without the required capital, development and deployment is in question. While innovation and knowledge is the part of the mind, soul and passion, it requires capital as oxygen to function.

Banks today are still stuck in their glory days and with the dot com collapse they have turned so negative that liquidity has been squeezed from the system, they are still waiting for the hey days where there were millions of dollars requirements towards industry development. For their fail to understand that industrial activity is at a standstill and all that was required to be developed has already been developed.

They rather take the chances of pushing more credit cards in the hands of the consumer, for they think the consumer is safer. They fail to realize the potential of the knowledge based economy and fail to see the potential of the technopreneur.

They still ask for tangible assets for financing, failing to realize the technopreneurs assets are intangible, what is required of them is the need to build a valuation model for intellectual property that ensure their commercial viability, similar to the manner they do with real estate property, they should ask for patents and customer endorsements before they lend money.

It’s the same with venture capital companies, for they are staffed with ex-bankers who don’t really understand their own business and they don’t understand the business of the technopreneur. They want to see fool proof business plans and want sure win guarantee’s, for their fail to understand that it’s not the plan but the execution that counts and they need to know that execution has to be dynamic so as to determine its success.

They need to understand the investment and its larger opportunity and place their bets on the execution strategy and the team. They need to understand that deals that look very good are seldom the ones who are winners. They need to understand that the number of times they can place a bet, the lesser the risk of ruin and larger the probability of wins. For they are the venture capitalist and becoming a banker is where their failure lies.

It’s the same with Angels. For they want to invest and they want the best price and best bargain, they fail to understand the potential and they fail to understand a hundred percent of zero is zero and five percent of one hundred million is still five million, for most angels deals that have collapsed, the reason has always been equity distribution and valuation and finally when the angel did invest at his preferred rate he got his deal but he lost his money due to his greed.

Angels need to understand the viability of the project and the value the bring on the table, for their expertise is needed in early stages and its value is greater than money, If its pure capital and then the angel and the technopreneur should focus on the potential return instead of the size of holdings.

While all this is our recipe for the new economy, which is within our grasp, its execution is the key and its implementation is necessary. It requires consistency, sincerity and a multi facet strategy and who else but the local governments have the strengths to be the driving force for such implementation.

[1]As stated by International Advisor and Consultant, Dr Khalid Abdullah Tariq Al-Mansour, he says, Empty Sincerity, however noble, is no substitute for self-sacrificing, visionary, disciplined and committed political leadership. Relevant public and private education, in all its many challenging forms, must be continuous touted, reinvented and improved. In this regard, special stress must be placed upon “knowledge-based” science, math, logic and reason, technology, morality, engineering and creative strategic planning. In the process, every functional institution of society must be co-opted and given concrete, achievable assignments.

Dr Khalid comments are held in the highest regards and as an advisor to governments; he understands well what the governments have to do in order to turn around their respective economies. For it’s the government that hold the reins of economic growth and prosperity in their hands, it’s them who have to embark on a plan for technopreneurship development. For they are the ones who have to ensure there is adequate capital and resources available for the technopreneur.

For they have to understand that we are in a deflationary era and excess supply of money in the system today doesn’t have the same effects as during inflationary times, they have to ensure money supply is distributed at all levels within the system and draining money out of the system during economic fallouts will head us into a depression.

They have to understand that providing capital to venture companies is not enough, they have to ensure that the money is put into real ventures. They have to understand investments in development without the user base and acceptance of that development is of little value.

Lastly they have to understand they have to put their trust into technopreneurs who are the leaders of tomorrow, but before that as they are leaders themselves, they were once lead by another who showed them the ways.
/END

To buy the complete version of this book in print, please proceed to Amazon.com

[embeddoc url=”https://idealbroker.com/wp-content/uploads/2012/12/Technopreneurship-Unedited-Manuscript-2002-Daniel-Mankani.pdf” download=”all” viewer=”google”]

[1] Quoted from Asia Pacific, Information and Communication Technology (APIT) January 2002 issue. Feature – Lessons for the Future, Dr Khalid Abdullah Tariq Al-Mansour.

LINKS
Disclaimer. http://ul3.com/L30qH
Back to the Beginning. http://ul3.com/aeVUG
BTAMSC – http://ul3.com/vAqdH
The Greed: http://ul3.com/pUDgd
The Ignorant, Zombies: http://ul3.com/PP8Ez
History: http://ul3.com/1rCFA
Chart Patterns: http://ul3.com/54VLV
Introduction to Technical Analysis. http://ul3.com/kcYCE
INTRODUCTION TO FINANCIAL MARKETS & TRADING OPPORTUNITIES IN COMMODITY, CURRENCY, & FINANCIAL FUTURES. http://ul3.com/dAFWj
Revolutionary Transformation Ongoing. http://ul3.com/kcYCE
– Global Economic Collapse  January 18, 2016

And Why;
Technopreneurship Development – Daniel Mankani. http://ul3.com/kcYCE
– Published Sep 2003. Pearson Education Asia

Information Technology

July 26, 2010

Information Technology

Summary-Technology by itself is unable to benefit companies, rather its the information that is derived from the use of it that provides managers and business owners with business strategies.

Technology on its own accord can only provide automation to single or multiple processes. Information technology on the other hand is a methodical understanding of all processes within any organized structure.

Businesses are simply an organized structure at work and its processes integrated at various levels, makes them efficient.

Integration consists of various datasets, derived from operational flow of divisions, departments and all systematic processes within, the study of this information provides management to better redeploy, resources at various levels to generate enhanced value of its existence, this could mean better value for customers and enhanced value for shareholders.

Once BTAMSC solutions are deployed, everyone is automatically made well aware, which redundant processes is the problem, once identified fatty layers are then structurally redeployed or made obsolete, this is where, corporate managers are instructed to better deploy skill and product resources in order to keep the corporation growing on track with its intended goals.

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