Friday, January 13, 2012

HBR article: "The dawn of the Elance economy"

This article is available for download from the link below. Supposedly, this article was responsible for inspiring the company e-lance. Enjoy !

http://www.ecopywriters.com/downloads/dawn-elance-econ.pdf


Some random points: (will update later)
  • By changing the way work is done, electronic networks may lead to a new kind of  economy centered on the individual.
  • While big companies control ever larger flows of cash, they are exerting less and less control over actual business activity.
  • The dominant business organization of the future may not be a permanent corporation
    but rather an elastic network.
  • Individual workers will circulate through the e-lance economy as independent agents, joining together into temporary companies as opportunities arise.
  • In the e-lance economy, the role of the traditional business manager changes dramatically and sometimes disappears completely.
  • One of the primary roles for large companies may be to establish the rules, standards, and cultures for network organizations.
  • An e-lance economy might lead to a flowering of individual wealth or to disruption and dislocation.

Consulting vs. Freelance

From the link: http://consulting.about.com/od/gettingstarted/a/CF_convsfree07.htm

Consultant: a person who is paid to provide professional or expert advice in a particular field or specialty.

Freelancer: a person who works independently, selling work or services by the hour, day, or job, with no intent to pursue a permanent or long-term arrangement with a single employer.

It’s easy to see how you might confuse the two. After all, both convey the idea of performing work or
services for other people or companies.

To further emphasize the difference, take a look at the synonyms commonly associated with each term. Synonyms for consultant may include like-descriptors such as, advisor, guru and specialist. Synonyms for freelancer tend to be tied to a specific career field or job title, and most commonly that of writer, journalist and graphic designer.

Why does it matter? It’s all about client perspective.

When hiring a freelancer, customers tend to think of using your services for a short-term project with a very specific outcome. For example, writing a case study or designing a brochure. As a freelancer, your role is to take initial direction from the client and then go off and complete the assignment. Typically, the work is done off-site, using your tools and resources. You control nearly every aspect of the project, including determining the best method for tackling the project and deciding the necessary timeframe for completion. Once the project is finished, your relationship with the client ends - at least until the next project comes along.

As a consultant, your clients look to you for detailed guidance on a particular area of expertise. For example, you may be hired as a crisis communication consultant or a marketing strategy consultant providing advice to the client. In many cases, the scope of the project is more extensive, and could include several smaller projects within the overall agreement. For instance, a marketing consultant may be hired to conduct competitor research, organize focus groups, oversee the development of an ad campaign, and write a marketing plan. For that reason, the work may occur as part of a long-term or ongoing commitment, as opposed to having a definitive start and finish date across only a few weeks.

If you are working on-site for the client, using the client’s resources, and have your schedule dictated by the client, then you may also be considered an employee (under the definition of the IRS). In that case, you will receive a W-2 for the tax year, instead of a Form 1099 for miscellaneous income as an independent contractor.

Is the work of a consultant more valuable than that of a freelancer? No, absolutely not. The value of your services lay in the quality of performance and whether or not the objective of the project is achieved. However, the way in which you categorize your work does shape how your prospective clients view your terms of service. As a freelancer, you may be hired on a project-by-project basis; while as a consultant, you could land a long-term gig that may even lead to permanent employment.

Freelancer: What is Freelancing & who is a freelancer?

From the link: http://www.directcreative.com/blog/freelance-definition

A freelancer or freelance worker is a person who pursues a profession without a long-term commitment to any one employer. A free lancer works for himself.An uncommitted, self employed independent worker.

The word freelance comes from the Middle Ages, when there were basically two types of knights. There were the knights who worked exclusively for one king. Then there were the “free lancers,” or knights who worked for anyone who would pay them.

The idea of freelancing is still with us, but kings have been replaced by businesses, while knights have been replaced by professionals of all kinds. Today there are more freelancers than ever before and more freelancing opportunities as well. 

As an employee, you enter into a contract with an employer. The deal is that you show up every day and do a certain type of work. In return, you get a regular paycheck and benefits. Your contract is exclusive, meaning you work for that one employer and (generally) no other.


As a freelancer, you also enter into contracts, but with many “employers.” The deal is that you will do a certain type of work, but you can generally do the work at any location you choose, and the work is usually on a project-by-project basis. In return, you get paid for the work you do according to a fee that you and the business mutually agree to for each project. There are usually no benefits. Your contract is non-exclusive, meaning you may work for as many other businesses as you like.


Elance - Certifying Your Skills

Elance: 24 Hours in Online Employment

Discovered Elance today ! What a wonderful discovery :)))

All of us like to believe that we are smart and well informed people, who know most of the things that there is to know about our field. WRONG !

I discovered a website called Elance today - and I had NOT heard about it before. While this could be a MARKETING FAILURE on behalf of Elance, this also could mean that I had not done enough research. Now I know why Marketing is so important !!!




So basically, Elance is this portal where people can post jobs as well as look for jobs contracts online. The difference between Elance and Workopolis or Monster is that Elance acts as an escrow (mediator) for jobs to get done. There is tracking of the progress of the job as well as payment handling for both parties.

For me, the benefit is to know that Consulting jobs are both posted as well as found on this site. And that is important since I am totally into this line now :)

Here is another video about Elance:

Elance: Electronic Freelance !!! I just discovered elance today !

Courses that I am taking this term - Winter 2012 (Jan to April 2012)

I now have 4 courses in total for W2012, namely:
  • MT8808 - Consulting Skills
  • MB8105 - World Logistics & Supply Chain Management
  • MB8509 - Healthcare Policy & Management
  • Finance related course

The only courses that remain (and which I shall do in Spring / Summer term 2012) are:
  • MB8104 - Accounting & Finance for Today's Managers. (which I shall do from another University - another business school like DGSB, McMaster or Schulich, York U)
  • Major Research Paper + Internship.
After that, I should be done with the MBA! I shall try and make the August 2012 deadline so that I can have my graduation ceremony in October 2012 :)))

And finally, I shall be able to call myself a Master's Degree holder and an MBA !!!


- Gerry.

Text Books for MT8808: Consulting Skills course

1) Flawless Consulting: A guide to getting your expertise used. - By Peter Block. Around $66.






2) Turning numbers into knowledge: Mastering the art of problem solving. By Jonathan G. Koomey.





3) Career Anchors - Participant Workbook. 3rd Edition. By Edgar H Schein.



4) Career Anchors - Discovering your real values - Self Assessment. 3rd Edition by Edgar H Schein.


Better Supply Chain Management For A Better World

Ford Manufacturing Supply Chain Management

Snowy day in Toronto, Canada today

Some pictures :)



How do the advertised burgers compare to the real burgers?

From the link: http://www.alphaila.com/articles/failure/fast-food-false-advertising-vs-reality/

Excellent job by Dario D. Here is a comparison of Burgers in North America. Actual Sizes versus Advertised sizes. (Disclaimer: These pictures were not taken by me and do not belong to me. The comments and opinions on the pictures are not mine.)