Posts tagged ‘specialization’

Economists know Adam Smith as Economic Father, Father of Trade and Father of Specialization.

He had popular slogan, if you want to be rich, Trade now! Smith believes that through Trading, a nation can be rich. His phenomenal book, The Wealth of Nation gives us rich information, information about how a nation can be reach. Adam Smith is also called as Father of Colonialism, because though his idea, the wealth of nations, WEST turn to war, conqueror nation with high resources. Smith is sounder of Mercantile Thought, Gold as Wealth and Rich Symbol. Gold in Africa had been extinct, Yellow Sandalwood too in my island Flores and many place with High recourses will charmed WEST.

Smith thought covered to Specialization. He said, we can win (surplus) with other nation if our Cost is lowest. The battle is how much cost (money) you spent to produce INPUT to OUTPUT.

The implementation of his thought is Absolute Advantages. Absolute advantages could be read as Lower Cost to produce. If you have much wool than your neighbor, please sell the wool or you can produce any good that came from the INPUT WOOL. I think that is an Adam Smith Implementation. Read more »

Hey Government, Please Give me a job! Poor Tom

One year in Kindergarten, Six years in Elementary School, 3 Years in Junior High Scholl, 3 years in Senior High Scholl and 3 – 5 years in university. It means there 18 years of our life is school. If you enter kindergarten at five, you will pass your formal education at 23 years old then go to labor force.
My opinion in this section is talking about specialization.
Many people after pass his 18 years formal education, then goes to labor force, finally find a job but differ or hasn’t relate to his basic (specialization) in his formal education. A chemistry works in official public relation staff. He left his formal education and go to new world when he doesn’t know anything about public relation.

Many workers came from different basic or specialization. Why?
Every year, more than 500.000 new fresh graduates go to market force. We can say that demand on labor (come from employers) less than labor supply (come from employees). While Demand less than Supply, Labors are fight force to get job. So specialization is useless because. Read more »

Natural Management, An Art and Science

All educations; science, biology, mathematics, law, art and design, computers, doctor, goes to one goal, make money to survive. Yeah! Economic is also included to those education. Those educations go to one goal, Make money based on its core, after make money, buy some food, and eat growth, reproduction and death in the end.
An example below can explain my topic.
A lawyer, after passes his formal education; gets back to his place (town) and open a firm (lawyer office). He hires some staff. Let us see. In university, in university, he didn’t teach about how to manage a firm, specifically he didn’t teach about how to manage formal business.
Not only the lawyer, most people from another basic formal education (except economic, business, management program) have a problem if running a formal business. Accounting reporting, management plans, calculating and analysis cost are difficult for them.
Maybe the lawyer has hired an accounting and manager to run his business or help him to manage the firm, but he must understand about them all. Don’t let your staffs run the business and you don’t know at all because you haven’t business basic.
Actually management is natural and art. Human know well about it. Simple example, if he can manages his time it means he manage it base on his natural talent.
Modern and legal business need more than talent although history teaches us that many success stories came from people without formal and legal business education. If those people are born with management talent, they didn’t need to get scholar in business education. Otherwise people have some trouble in management talent; he must take or enter to business formal study to sharp his talent in business.
Back in topic!
If a lawyer doesn’t have business management talent, it is natural because he came from different core study. Chemistry also did. When he pass his formal education, back to his town and become an entrepreneur, open a business. He actually blinds about business, how to manage his business, how to bring or manage his business in modern way.
To anticipate those cases and problems, many scholars after pass their scholar, continue their formal school in business and management, how to manage a professional business. That is the new trend.
An MBA program is an example. If chemistry is hired in a company and his carrier is good and rose. He has opportunity to be manager or director even president director. A problem goes to him (we assume that he doesn’t have good natural talent in business or management). Can stakeholders give the opportunity to him?
To prepare those things, the chemistry (follow the trend) must get his MBA; because MBA is the criterion for legal company (many state companies use it and also some private companies) to get high position in managerial staff.
My friend said to me when he passed from university. I would like to get my master in MBA so my carrier doesn’t put on hold in staff or mechanical engineering. I think my carrier can goes to top carrier, Managerial or Director. MBA or something similar is an absolutely requirement for me so I have get my MBA.
While you have natural managerial talent, you couldn’t did like my friend in some cases but you must did it because legal formal requirement.
In my opinion for my last opinion:
Management or managing a formal business needs a professional business talent. Management is an art and science. As an art is based on natural talent otherwise as a science is based on formal education and both skill are good and have the same level.
You have some optional to manage your business; hire staff (economic background) to fill their specialist position. You also increase your business talent with reading a professional managerial book, read success story businessmen or get your formal economic background.