Action Model 3 Frustration

Frustration is the feeling of being upset or annoyed as a result of being unable to change or achieve something. We all have levels of frustration in our lives; depending on external stimuli. The external stimuli may be as a result of health issues, eating habits, loud music or any other unwanted noise e.t.c. It is very interesting to monitor someone’s frustration and you can do an energy diary and a frustration diary. If you are someone who finds yourself constantly frustrated; instead of trying to address the frustration, you need to address the causes. To do this you will need to figure out the source of your frustration.

 

By |2017-12-13T13:55:27+02:00December 13th, 2017|General|0 Comments

Tesla announce their entry into the trucking sector

Tesla, the worlds best innovation company, launched their latest toy for transport, the Tesla Semi. A fully electric truck that seems to outperform any diesel truck in the same class in safety, expense and performance. If this is what we can expect from electric trucks in the future, we could begin to see a huge drop in road accidents and breakdowns in the near future.

Watch the event here: https://www.producthunt.com/posts/tesla-semi

If you watch to the end of the 9 minutes, you will also see their launch of the latest roadster: the fastest production road car EVER.

By |2017-11-21T13:07:30+02:00November 21st, 2017|Techno Tuesday|0 Comments

An introduction to Patents

This article comes from the website of VonSiedels with their permission

What is a patent?
A patent is a limited monopoly granted by the state to an inventor, or other person entitled to the invention, in exchange for a full disclosure of the invention to the public. This monopoly entitles the patent holder to prevent others from using the invention in any practical manner for the duration of the patent so that only the patent holder enjoys any profit or advantage that the invention affords for the period. After expiry of the period members of the public is free to use the invention.
Is my invention patentable?
To be patentable in South Africa an invention must be new, inventive and useful.
“New” means that the invention has not been made available to the public anywhere in the world – by word of mouth, by use, in any printed publication, or in any other way – before a first application is made for a patent. It is difficult to establish whether an invention is, in fact, new, but novelty may be assessed by carrying out searches through existing printed publications that include previously published patent specifications.
“Inventive” means that the invention must not be obvious to a person of ordinary skill in the art to which the invention relates. Put differently, the invention must not be so similar to what was available or used previously that it required little or no ingenuity to make the invention; that is to say, it must involve an inventive step. For example, it would be obvious to make an article that was previously made exclusively of metal in a plastic material, if there were no special and unforeseeable advantages to making it in plastic.
“Useful” means the invention must be capable of being applied in trade, industry or agriculture.
In addition to the above three requirements, there are certain “inventions” which cannot be patented in South Africa. The most important of these are pure business methods and computer programs. This prohibition, however, does not extend to inventions that merely make use of business methods or computer programs, while not constituting business methods or computer programs as such. We urge you to contact us if you are uncertain as to whether an invention constitutes a pure business method or computer program.
Lastly, a method of treatment of the human or animal body by surgery, therapy or diagnosis is not patentable in South Africa.
How long does a patent last?
A South African patent lasts 20 years from the date of application, subject to the payment of annual renewal fees as from the third anniversary of the filing date.
How easily can someone else get around my patent?
The scope of protection afforded by a patent is defined by the patent claims. A well-drafted set of patent claims will prevent others from being able to reverse-engineer the invention by including or excluding inessential features while still using the basic idea of the invention. This is why the use of patent attorneys who are experienced in the drafting of patent specifications is so important.
What can I do with a patent?
A patent is property and may be sold (by way of assignment) or licensed for use by others. Alternatively, a patent can be used defensively to prevent others from exploiting the invention, provided the patent holder exercises with the invention to an adequate extent.
How do I apply for a patent?
A patent application is made by filing a patent specification, together with the necessary forms and government fees, at the Patent Office in Pretoria. The patent specification, which includes a description of the invention as well as any drawings which may be necessary for a clear understanding of the description, may be either a provisional or complete patent specification.
If the invention is not yet in its final form it is preferable to file a provisional patent application first, and then a complete patent application within 12 months, because improvements made to the invention can be incorporated into the complete patent specification. A complete application may be in the first instance if sufficient information about the invention and its implementation are available.
If given a description of the invention, we will prepare the patent specification and the necessary forms and file a patent application on your behalf. All the administrative functions will be carried out by our offices.
How do I get patents in other countries?
A patent application must be filed in each country in which protection is sought. However, in respect of most countries in the world, corresponding foreign patent applications can be filed within 12 months from the first patent application in terms of the Paris Convention.
The Patent Cooperation Treaty (PCT) provides a mechanism to delay the filing of individual foreign applications by a further 18 months and also provides a facility for tailoring a patent specification according to the results of an international search and examination. Should you require patent protection in more than 2 or 3 foreign countries, we usually recommend filing a PCT patent application, unless it is essential that granted patents be obtained in the foreign countries as soon as possible.
A PCT application must be filed within 12 months from the date of first filing a patent application, regardless of whether the first patent application is a provisional or complete South African patent application.
What are the costs involved?
The cost involved in preparing and filing a provisional or complete patent application will vary from case to case and will depend on the length of the patent specification and that will, in turn, depend on the technology and the type of invention.

By |2017-11-15T15:36:41+02:00November 15th, 2017|General, Legal|0 Comments

Beth Schmidt Founder and Executive Director Wishbone

Beth Schmidt is the founder and Executive Director of Wishbone. Wishbone is a scalable web platform that links at-risk high school students with the online donor community to fund their educational dreams.

These opportunities to participate in extracurricular activities help them identify and pursue their passions and career goals.

This video is produced by Kauffman Foundation for Khan Academy.

 

By |2017-11-14T11:54:29+02:00November 14th, 2017|Techno Tuesday|0 Comments

Do I have the right to Copywrite or should I Trademark?

Before we get into the meat of this discussion, let’s define what these two entities are: Copywrite and Trademark. Both are forms of intellectual property protection, but each protects different types of assets:
A Copywrite is used to protect the rights of an author or creator of one of the following: written stories, books, artwork, songs, films and radio or television programmes. The ownership of such items normally lies with the creator, unless a contract states otherwise and is valid for 50 years from the end of the year in which the item was created.
A Trademark is a legally registered ownership over a picture, signature, colour, numeral, shape, configuration, pattern, container or any combination of these. Normally a trademark will be used to protect a brand, product or related slogan and logo. A Trademark is valid for blocks of 10 years at a time.
A Copywrite protection can be issued by the creator or owner at any time simply by stating this on the works or by association to that creator or owner.
A Trademark needs to be registered with the Trade Marks Office and should or must be registered using a legal company to ensure that you file the correct forms and against the correct class of product group related to your item. There are 45 different classes under which you need to select from – see them here
The process will first require a detailed search of what currently exists, as any similar or conflicting applications will not be registered. You can do a preliminary search here: http://esearch.cipc.co.za/ first before you incur any legal fees and potentially waste your money on lawyers doing what you can do yourself.
Once the application is registered it can take up to a year for final registration. This is mainly due to the backlog and slow process of the registration offices. Once registered you have the right to use and prevent others from using your slogan or brand etc.
Is it a good idea to register a trademark?
Yes: if you have something that will be used to make money or that can be sold as an asset later. A Trademark ads value to the item and will be valuable in sale negotiations. But if you are just creating smaller items, products or brands, do not waste time or effort going through the process. It is best to chat with someone and get advice on your circumstances. Just remember that if you ask a Trademark Lawyer if you should register a Trademark, guess what they will say….
Please remember as, in all legal issues, there are exceptions to what I have stated above, so do not use this as a legal binding guide on IP.
Next week we chat about Patents and Designs.

By |2017-11-08T09:45:03+02:00November 8th, 2017|Strategy|0 Comments

A conversation with Eric Schmidt and Jonathan Rosenberg

Eric Schmidt and Jonathan Rosenberg are co-authors of their new book ”How Google Works”. Eric is Googles’s Executive Chairman and former chief executive officer. He joined the company in 2001, and he has helped Google grow from Silicon Valley start-up to a global technology leader.

Jonathan serves as an advisor to Google CEO, Larry Page. He joined the company in 2002 and managed the design and development of Google’s consumer, advertiser, partner products including search, As, Gmail, Android and Chrome.

By |2017-11-06T12:13:27+02:00November 7th, 2017|Techno Tuesday|0 Comments

Drew Houston – CEO and Founder of Dropbox

Drew Houston is an America based Internet entrepreneur who is best known to be the CEO and founder of Dropbox. By age 24, he had worked in a number of startup businesses and had even founded one. Dropbox is an online file sharing service which Drew launched in 2007 with Arash Ferdowsi, his MIT classmate. In addition to the service being used by individual users, Dropbox has welcomed 150,000 company signups too till date.
 Dropbox is a personal cloud storage service (sometimes referred to as an online backup service) that is frequently used for file sharing and collaboration.  The Dropbox application is available for Windows, Macintosh and Linux desktop operating systems. There are also apps for iPhone, iPad, Android, and Blackberry devices.

By |2017-10-23T15:07:46+02:00October 31st, 2017|Techno Tuesday|0 Comments

Sean O’Sullivan – Founder of SOSventures

Sean O’Sullivan – Founder of SOSventures. He is a technology pioneer. Runs Avego, a world-leading transportation software company headquartered in Cork, and operating globally while investing millions in the startup business.

Innovation startup from every corner of the globe. Over the past 20years, they have invested in over 400 companies. The portfolio includes companies in global software, food technology, connected hardware and Biotechnology and transportation. 90% of the investment activity through our accelerator programs and related ecosystem investments.

This video is an extract from Khan Academy:

By |2017-10-23T11:34:02+02:00October 24th, 2017|Entrepreneurship, Techno Tuesday|0 Comments

The South African Breweries (SAB)

The South African Breweries (SAB) is a subsidiary of AB InBev. Founded in 1895, SAB is South Africa’s top brewer and leading distributor of beer.

For more than 120 years SAB has been an integral thread in the social fabric of our country and continues to play a crucial role in the national economy. The company operates seven breweries and 40 depots in South Africa with an annual brewing capacity of 3.1 billion litres. Its portfolio of beer brands meets the needs of a wide range of consumers and includes some of the country’s most popular beer brands ­namely Carling Black Label, Hansa Pilsener, Castle Lager, Castle Lite and Castle Milk Stout.

The movement towards ending the prevalence of youth unemployment in South Africa is currently underway and another organisation which has been aiding the country is The South African Breweries. The need to place the youth’s entrepreneurial spirit and creativity on display has been at an all-time high and SAB’s Kickstart Ignite programme is here to do just that.

SAB Kickstart is a programme which was developed in May 1995 as a poverty alleviation programme and subsequently evolved into 2 umbrella entities geared towards the development of youth entrepreneurship; these were KickStart Ignite and KickStart Boost. KickStart Ignite provides up-and-coming entrepreneurs, aged between 18 and 35 years, a foundation to begin their business through funding. The objective of KickStart Boost is to provide already established businesses assistance with expansion and support.

Kickstart Ignite holds a competition where budding entrepreneurs and innovators are invited to enter. Applications are opened from  4th September to 30th November.

For more information visit https://www.sabentrepreneurship.co.za/

By |2017-10-20T10:00:34+02:00October 20th, 2017|Entrepreneurship|0 Comments

Service Industry Performance Measurement

We continue discussing performance measurement and this week we look at service industry performance measurement.

It is quite difficult to measure performance management for service industries for several reasons:

·         Production and consumption of the service happen at the same time.

·         A service cannot be stored. It must be provided when the customer wants it.

·         Goods manufactured may be identical but the quality of service varies from service to service. The quality of a  service can depend on several factors; i.e., talent, skill, passion for the job, work environment, disposition etc. This makes it difficult to measure the quality of a service.

·         A service has no physical features. Customers can pinpoint physical aspects and attributes of a product that they believe add value. For example the slick looks of a sports car; the curves and contours, the headlights, brakes, exhaust and engine sound.

Fitzgerald and Moon came up with the Building Block Model as a framework for service companies. It helps in designing a system for performance evaluation. There are three blocks of this model; –dimensions, standards and rewards.

Dimensions are aspects of performance which must be measured. Organisations need to identify performance measures using six dimensions, which are similar to the four aspects of the balanced scorecard. These are:

1.       Financial Performance

2.       Competitiveness

3.       Quality

4.       Resource Utilisation

5.       Flexibility

6.       Innovation

Quality, resource utilisation, flexibility and innovation impact future results, whilst financial performance and competitiveness result from past decisions.

Standards: Targets are then set for managers based on three measures:

1.       Ownership –managers should believe in the targets. Participatory budgeting motivates managers to perform.

2.       Achievability –targets should be challenging but also achievable. If too high, managers will be too motivated. Those responsible for results will always push for easier targets so there has to be a delicate balance.

3.       Equity –standards throughout the whole organisation should be uniform. Managers or employees should not individually negotiate targets as those more persuasive will always end up having easy targets.

Rewards Schemes: Performance can be linked to reward schemes by paying managers or employees bonuses if they meet the targets. The following principles apply:

·         Clarity –employees must understand how their performance is being measured.

·         Motivation –bonuses should be adequate enough to motivate staff to perform and reach the targets.        They should be linked to performance so that they do not become an entitlement.

·         Controllability –managers’ performance should be measured within their locus of control.If they can’t    control an aspect of company performance, then it will be unfair to use it to measure their performance.

By |2017-10-18T16:27:15+02:00October 18th, 2017|Entrepreneurship, Strategy|1 Comment
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