Today's management tip from Harvard Business Review turns conventional wisdom on its ear. Adopted from Dorie Clark, HBR boldly states: "Don't Do What You Love" for the following reasons:
- It's not your strength. You may love to do something you are just not good at. Because it can be hard to self-assess, ask for frank feedback from those around you to know where your strengths are.
- You're too emotionally attached. Passion may cloud your judgment. When you care deeply about something, it can be hard to be take criticism or let others get involved.
- It's a hobby, not a job. Sadly, you can't be paid for everything. What you love may not be lucrative. Instead find something you like that pays.
Clark goes on to document her rationale more fully in an extended HBR newsletter, but it certainly runs contrary to the traditional "do what you love" mantra that has been championed for so many years.
For me, I think the middle ground is the ideal spot. By "loving what you do", you can apply your passions and strengths towards fulfilling goals — both personally and professionally — without being hampered by the very real concerns Clark raises.
The Hurun Research Institute has released The Chinese Luxury Travel White Paper, giving insight into the preferences of China's luxury consumers.
The study, which was created from one-on-one interviews with 463 Chinese millionaires and billionaires, sheds new light onto how the wealthiest Chinese make travel decisions.
I found several details to particularly interesting, including:
- Chinese millionaires average 15 days of vacation annually, including three trips abroad. One-third will take more than 20 days of vacation per year and 20% will travel abroad five or more every year.
- France is now the top travel destination, followed by the United State (which had been #1 in 2009 and 2010), Australia, Japan, and the Maldives.
- 4 out of 5 millionaires consider sending their children overseas for education, with the US, UK and Canada topping the list.
- 80% of Chinese millionaires prefer to travel on their own rather than with a tour group.
- 57% of the ultra-wealthy make their own travel arrgangements using a travel agent or professional website.
- Only 11% of Chinese millionaires book travel through a hotel website.
- When choosing where to stay, brand is the most important factor, followed by service, facilities, and location.
- The preferred hotel brands of Chinese millionaires are Shangri-La, Hilton, Park Hyatt and The Ritz-Carlton.
For US hotel companies seeking to gain a toe-hold in the Asian travel market, this study gives actionable insight in how to market to ultra-wealthy Chinese.
For example, with such a large number of Chinese considering an overseas education for their children, do you think proximity to major universities would be a consideration for the guest? If so, do your professional travel agents have a list of area universities? Is this information detailed on the top-performing international travel websites?
With such a high percentage of millionaires preferring to travel without a group, is your hotel prepared to host a single Chinese family? Without a group guide as a primary communicator for the guests, are your facilities and staff prepared to service a Chinese guest? For example, do you have community maps and guides printed in simplified Chinese? Are your restaurant and in-room dining menus availble in multiple languages? Do you provide multiple Mandarin television channels? Do you provide currency exhange services?
I think this study is truly fasciniating. Hotels and brands that implement these insights in their service standards and marketing stand to gain marketshare in this rapidly emerging market.
Progressive Insurance has thrown down a new Scruples question: Would you give up privacy about your driving habits if you could earn a greater discount?
With the introduction of its new driving monitor, Progressive is offering a more subtantial discount on auto insurance – advertised as "up to 30%" off premiums – for users who install the company's device, dubbed "Snapshot". After a 30-day period, drivers return the device and Progressive may offer a discount which subscribers can keep as long as they are Progressive customers.
The device watches driving habits such as time of day, braking, and how many miles driven per day during a 30 day period. According to Progressive, those are the only metrics their monitoring, but there's really nothing to prevent the device from noting other items, such as top RPM, top speed, and other metrics.
So… would you trade-in a little privacy to save up to 30% on your car insurance?
If you were to combine all of the character traits of the world's 7 billion people, what would be the typical profile for mankind? NatGeo knows.
The most typical human:
- is a 28-year-old, right handed man
- makes less than $12,000 per year, has a cell phone, but no bank account
- is Han Chinese
Of course, this won't be the most typical human for long. As trends and populations shift, the most typical human in twenty years will likely be younger, perhaps female, and Indian. Pretty fascinating, huh? NatGeo has even more details in this great video:
How long does it take a hacker to guess your password? Less time than you might think.
|Length||Lowercase||+ Uppercase||+ Number & Symbol|
|6 Characters||10 minutes||10 hours||18 days|
|7 Characters||4 hours||23 days||4 years|
|8 Characters||4 days||3 years||463 yearss|
|9 Characters||4 months||178 years||44,530 yearss|
The best way to keep your password safe from hackers is to use numbers & symbols in your password. For example, "password5&" is much more secure than "password", in terms of hackability. Even if you just use a common/proper noun as your password, adding numbers, symbols or uppercase characters (ie "susie74!") can help keep your password from being easily cracked.
For even better passwords, create a sentence that you can easily remember and then combine the first character of each word with a series of numbers or characters.
For example, "Seven dogs ran around the lake & played with 3 geese. Weird!" as a password becomes "7dratl&pw3g.W!".
Remember, the better your password, the safer your data!
This is a really interesting (and lengthy) video look at the recent history of China and the evolution that is taking place throughout every aspect of Chinese culture. The perspective is uniquely Chinese – culturally proud, aspirational, and full of hope for what the future holds.
From the outside, it is easy to see areas where China could improve. From the inside, it's impossible to overlook the evolution that has taken place since the 1990s. It's important to keep both perspectives in mind, as both are correct.
The video accurately relates the perspective we found during our trip last fall. It recognizes that more work can and should be done to evolve the freedoms and opportunities for China's people, while maintaining the cultural hallmarks that are so uniquely Chinese.