Dr. Frank Jochem, MBA
Taking A Scientific Approach to Business Management

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Portrait Interdisciplinary R&D leader, senior director in biotech startup company; MBA International Business; team and program building, cross-cultural team leadership.

Have built teams, programs, and companies:
Publishing company with new public magazine
Academic university degree program
University research & teaching building
R&D facility & staffing for biotech startup

Combining a career in scientific research, program building, startup companies, and MBA education to apply scientific principles to business questions for an evidence-based corporate management.


Senior Director at
Algenol Biofuels, Inc.
A second generation algal biofuels company
Phone: (239) 444 6341
Email:

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The World of Business

Nations' Diversification Supports Economic Growth, Say Economists

Are diversified businesses also better positioned for growth?

Since 1817, David Ricardo's dogma that nations should specialize on products they can produce more efficiently than others forms the foundation of political frameworks of trade liberalization. Harvard economist Ricardo Hausmann and Italian physicist Luciano Pietronero now challenge this almost 200 years old view.

David Ricardo David Ricardo's 1817 Law of Comparative Advantage, nations gain from specializing on what they can do more efficiently — challenged by modern economists?

A nation's product diversity and innovative power, so agree the two modern economists, determine long-term econimic prospects. Wealth is labile where it depends on only a few products, says Pietronero; such as on oil in Saudi-Arabia.

Hausmann's analyses suggest: the more diverse a nation's know-how and complexity of products is, the higher is their long-term economic growth. As Hausman says: cheaper someone can always make it; what's China today is Vietnam tomorrow; only nations that are market leaders in numerous niches of specialized, complex products will succeed long-term. Pietronero terms it "economic fitness."

These new theories beg the question: Are businesses with a diversified portfolio of complex, know-how-driven products (or services) also better positioned for long-term economic growth, particularly under challenging macroeconomic conditions?

Science Pebbles

Tinkerbella nana
Tinkerbella nana, smallest flying insect.

How small can a bug be? Scientist found the smallest flying insect in the forests of Costa Rica — the tiny fairyfly Tinkerbella measures less than 0.2 millimeter (1/125th inch). It's size is comparable to that of some protist micro-organisms such as ciliates or amoeba; or to the drop of water in the mist or a drizzling rain. And six times smaller than the proverbial eye of the needle, and three times smaller than the dot at the end of this sentence. Dust mites and a few other non-flying insects are even smaller.

Image source: Spiegel Online
Original article in Journal of Hymenoptera Research, 32, 17-44 (2013)



Little Wisdoms

Children know no limits except those placed on them by adults.

Source: A very wise woman.

           

© 2013 Dr. Frank Jochem