Innovation and Professional Developmemt

Most CEOs and leaders of organizations view training and professional development of their team members to be an expense instead of being a capital investment.

Every business leader knows that innovation is key to success. To be innovative, a company must be able to adapt to disruptive technology and disruptive change. This is only possible when everyone in the company’s leadership and executive team are committed to personal and professional growth.

Innovation doesn’t occur automatically within an organization. It only happens when the leaders encourages and individuals in an organization are growing and embracing change, taking on new challenges, learning new skills, entertaining new ideas. Innovation is the result of personal growth. Thus, the key is the ability to come up with fresh new ideas to keep the operation running and the products and services fresh.

Personal growth and professional development

Many leaders consider training to be an expense. When the macro economy stalls and money becomes tight within the organization, they cut the training and professional development budget line items first.

A company’s ability to take full advantage of every macro economic cycle requires employees with strong life skills: overcoming fear, managing emotions, building empathy, better communication, etc.

While training on job skills is important, training life skills can create those breakthrough moments where people transcend their limitations and grow into the person they need to be to move to the next level.

https://twitter.com/bizzidotco/status/1326827499985268740?s=21

Additionally, successful CEOs and leaders of organizations are lifelong learners themselves. They never rest on their accolades and laurels. Instead, they devour new information, seek new perspectives, challenge themselves to become the best they can be.

Innovation doesn’t come from hard work and long hours. It emerges from the personal growth of everyone involved.

Personal growth rarely results from hard work and long hours. It comes from spending time and energy on learning, growing and getting better. It comes from developing the courage to let go of being comfortable and transforming yourself into someone better.

Innovation is crucial to survive and grow.

Innovation is a very important factor to ensure consistent growth for an organization from a future point of view. Organizations are innovative when leaders can let go of the past, put aside the fear of change, create a compelling vision and learn to accept and then transcend their own strengths and weaknesses.


References:

  1. https://www.inc.com/geoffrey-james/the-key-to-innovation-is-personal-growth.html
  2. https://www.entrepreneur.com/article/319397

How 5G Technology Is Changing the World

5G technology is being called “the investment for the next decade” and the “key growth driver of all “tech” stocks in 2020”.

Every industry relies more and more on innovative technologies like artificial intelligence (AI), robotics, and machine learning, the stock market continues to be dominated by tech stocks that are effectively disrupting life as we know it.

The fact is, over the last two decades, technology has become such an integral part of our lives from the moment we are woken by our intelligent tablets to when our smart homes turn off the lights in the evening.

This continual shift towards faster speeds and greater interconnectivity offers investors an entirely new sector to capitalize on. Indeed, we are referring to 5G or fifth-generation technology, and there are a handful of small-cap tech stocks that could offer major upside.

5G is much more than the next generation of wireless technology–it is expected to be a game changing wireless network technology. 5G stands for fifth-generation cellular wireless.

Essentially, 5G network technology is projected to have greater bandwidth capacity, significantly faster mobile data speeds (around 1Gbps according to Qualcomm’s CEO) and lower latency. It is expected to usher in intelligence cities and to allow vehicle-to-vehicle communications which is critical to self-driving cars.

One speaker at CES 2020 described 5G as an use case technology; that it will enhance everything we do, and improve how we live, work and play. 5G is expected to deliver faster download speeds, real-time responses, and enhanced connectivity permitting improved mobile streaming and and gaming experiences. Basically, 5G will herald in new possibilities like smart cities and self-driving cars.

Harvard Business Review reports that 5G is positioned to be…

Nicki Palmer, the head of technology and product development at Verizon, observed that 5G will usher in speeds 100X faster and bandwidth 1,000X greater than 4G networks. Industries that 5G is set to completely transform are:

  • The $1.8 trillion energy industry: 5G will help unleash a wave of “smart grids,” electrical networks designed to handle the advanced technical requirements of the 21st century. This could save our economy $36 billion a year.
  • The $5 trillion agriculture industry: 5G will usher in a massive upgrade to our nation’s farms. Autonomous tractors will sow seeds, sensor-equipped drones will monitor the crops, and cows will wear 5G-connected collars that tell farmers everything from what they’re eating to how they’re sleeping.
  • The $7 trillion healthcare industry: The healthcare system deals with a projected 2.3 quadrillion gigabytes of data, from patient information to high-resolution MRI images. 5G-enabled systems will be able to process this data efficiently, with practically no lag.
  • The $22 trillion retail industry: Mobile shopping is already massive. More than 100 million Americans made a purchase on their smartphone in 2018. Just imagine how many more purchases they’d make if their internet connection were 100 times faster. The profit potential is HUGE.
  • The $35 trillion manufacturing industry: The remarkable power of 5G networks will encourage the adoption of augmented reality (AR) in factory settings. This is PROVEN to boost productivity by up to 50%.

As you can see, the economic impact of 5G could exceed $70 trillion. In other words, 5G is TRULY – as The Washington Post puts it – “the mother of invention.”

5G networks using millimeter wave spectrum.

Testing has shown that millimeter waves enable lightening-quick over-the-air transmissions. But, for all their speed, millimeter waves have really poor propagation techniques — i.e. 5G millimeter waves can’t penetrate buildings exterior shell.


References:

  1. https://investorplace.com/investors-guide-5g-stocks/
  2. https://www.brownleeglobal.com/5g-is-a-game-changer-brownlee-global/

Travelzoo: 20 Amazing Places You Can Visit Without Leaving Home

Travelzoo, a travel publisher, provide these 20 absolutely stunning virtual travel experiences you can have without leaving your home. These places belong on any traveler’s bucket list — some of the world’s finest museums, natural wonders and architecture; they’re among the most enduring reasons we get up and go. And they’ve been captured here in digital forms that retain their magic while making them infinitely more accessible.

If this is the first time you’ve been to some of these places, you’ll find some of earth’s most impressive treasures: natural wonders; works of art; architectural miracles and much more. They belong on any traveler’s bucket list.

They hope you’ll find joy exploring them from afar.  Go to virtual tour:  Travelzoo: 20 Amazing Places you can visit without leaving home

Huawei’s Threat to Communications Networks

Updated: Saturday, 2/15/2020

“Most people are starting to realize that there are only two different types of companies in the world: those that have been breached and know it and those that have been breached and don’t know it. Therefore, prevention is not sufficient and you’re going to have to invest in detection because you’re going to want to know what system has been breached as fast as humanly possible so that you can contain and remediate.” Ted Schlein, a venture capitalist with Kleiner Perkins Caufield & Byers.

To begin the discussion, it is important to understand that communications, such as telecommunications and internet data networks, are vital to national security and are critical infrastructure for every sovereign nation. Since critical electrical grids, 5G technology, autonomous vehicles and even hospitals rely on the communication networks.

U.S. Intelligence Sharing

U.S. Defense Secretary Mark Esper warned allies that letting the Chinese firm Huawei build their next-generation, or 5G, network risks their security cooperation and information sharing arrangements with U.S. intelligence and national security agencies. The U.S. SECDEF remarked that, “reliance on Chinese 5G vendors, for example, could render our partners’ critical systems vulnerable to disruption, manipulation and espionage,” in a speech at the high-level Munich Security Conference in early 2020. “It could also jeopardize our communication and intelligence sharing capabilities, and by extension, our alliances.”

“National security is a serious matter and I do not think it is improper to discuss such details in a public forum.” Narendra Modi

One recent morning on Yahoo Finance, an on-air guest was dismissive about Huawei 5G technology and the U.S. Administration’s allegations that the Chinese technology giant has built backdoors to communication networks that they installed across the globe. Additionally the on-air guest stated that the Trump Administration needs to provide evidence of Huawei’s complicity to spy for China.

What the guest commentator omitted from his less than transparent comments was that unlike U.S. technology and telecommunications companies, Huawei has functioned as a tool for surveillance and espionage for the Communist Chinese government. In addition, they have been significantly subsidized for more than a decade by the Chinese authoritarian government. Thus, this is the reason that they can substantially underbid their Western competitors on 5G network projects across the globe.

Furthermore, despite Huawei’s adamant denials, they have built backdoors into the communications systems that include Huawei technology, equipment and software, or in networks that have been installed by them or their affiliates. Essentially, a backdoor is a method of bypassing a network’s security protocols to access communications or computer network.

Vodafone in Italy

U.S. Intelligence agencies have repeatedly warned allies regarding the potential threat posed by Huawei’s technology if installed in 5G networks. Back in April 2019, Yahoo Finance reposted a Bloomberg article that Vodafone Group, Europe’s biggest phone company, discovered hidden backdoors in the software installed by Huawei that could have given Huawei or the Chinese government unauthorized access into the Vodafone’s voice and data network. Although the backdoor was discovered and reportedly removed by Huawei, subsequent investigations by Vodafone discovered the the backdoor remained.

“We’re talking about the fate of our economy and the questionable resiliency of our Nation’s critical infrastructure. Why are experts so polite, patient, and forgiving when talking about cybercrime, cyber security, and National Security? The drama of each script kiddie botnet attack and Nation State pilfering of our IP has been turned into a soap opera through press releases, sound bites and enforced absurdity of mainstream media. It’s time for a cybersecurity zeitgeist in the West where cyber hygiene is a meme that is aggressively distributed by those who have mastered it and encouraged to be imitated by those who have experienced it.” James Scott.

Deterring Chinese cyber-espionage

We must not allow ourselves either to be misled by Chinese repeated denials or to rely solely on U.S. entertainment media’s reporting by omission regarding the cyber security risks posed to U.S. and its allies’ communications networks once Huawei’s equipment is installed. Effectively, Huawei is a Chinese Communist state-controlled enterprise. And, it operates at the behest of the Chinese Communist Party in surveilling their own citizens, and assisting with spying and espionage against foreign nations.

Bottomline, Huawei, and its affiliates, represent a national security threat to the United States, our allies, and our privacy. If they’re permitted to install their technology, equipment and software in critical communications infrastructure, backdoors and unencumbered access would exist. Their technology does pose a real threat to the economy, the critical communications networks and the critical infrastructure that relies on the communications backbone.


References:

  1. https://www.defensenews.com/congress/2020/02/15/esper-huawei-5g-could-risk-us-information-and-security-ties/?utm_source=facebook.com&utm_medium=social&utm_campaign=Socialflow+DFN
  2. https://www.c4isrnet.com/battlefield-tech/it-networks/5g/2020/02/12/white-house-claims-huawei-equipment-has-backdoor-for-spying/
  3. https://www.state.gov/huawei-and-its-siblings-the-chinese-tech-giants-national-security-and-foreign-policy-implications/
  4. https://www.forbes.com/sites/haroldfurchtgottroth/2017/05/08/chinese-government-helps-huawei-with-5g/#67ea148b6bae
  5. https://www.rickscott.senate.gov/sen-rick-scott-attorney-general-barr-keep-huawei-out-us-markets
  6. https://securityfirstcorp.com/cyber-security-quotes/

Corporations: Value Based and Purpose Driven

“Doing good is good for business”

According to one corporate Chief Marketing Officer who spoke at CES 2020, sixty-three percent (63%) of global consumers purchase items from companies with purpose. Said another way, a majority of global consumers, either consciously or unconsciously, purchased goods and services from companies whose overriding purpose and values were to make the world better. Purpose must be more altruistic than just increasing shareholders returns through capital gains and growing revenue, cash flow, earnings and dividends.

Salesforce.com

Marc Benioff, founder and Co-CEO of Salesforce.com, strongly advocated that corporations, especially big technology companies, must be a force for good and that brands can play a major role in doing good. He conveyed the message during a C-Suite session this month at CES 2020 that businesses can be mutually financially successful, sustainable and philanthropic business. He stated the point that a business can and should successfully serve the interests of all stakeholders, which includes the planet. In his opinion, every corporate CEO should adopt a public school, public hospital or combat homelessness in the community they operate. In short, all stakeholders have to matter; and, the planet and local community are key stakeholders.

“Don’t read people’s lips; Watch their feet.”

Marc’s company, Salesforce.com, from its beginning is 1999, has made trust its major value and serving all stakeholders’ interests which include giving back to its community a core purpose. Putting action to their words, the company has directed one percent (1%) of corporate resources which is over $300 million (profits, equity, and time) into giving back to the community. He went as far as proposing a corporate tax to battle homelessness. As a result, Salesforce.com has been regularly ranked as one of the best places to work in America and has had a 4,000 percent return on investment (ROI) for their shareholders.

“Businesses are the greatest platform for change.”

In his opinion and how he designed Salesforce.com, businesses are the greatest platform for change and people are basically good; his intent when he left Oracle to start Salesforce.com was to create a company culture based on trust and optimized to enable employees to do good. He felt that “…purpose is defined by the company; it cannot be enforced”.

Stakeholder Capitalism

Stakeholder capitalism, Marc Benioff opined, is a more fair, a more just and a more equitable form of capitalism than its predecessor. It means paying men and women the same. It’s means embracing values of trust, truth and doing the right thing over time. He often asks technology companies’ CEO’s and boards what are their priorities, what are their highest values, and what is truly important to them. Since in his view, making money is easy; doing the right thing takes effort and dedication.

But, leadership is about who you are and what you do. CEO’s of major technology companies must look at their values and purpose. They must assess whether they’re using these influential platforms to make the world better or just to make money. Despite the recent negative news surrounding big technology companies like Facebook on issues of privacy and impacting the U.S. Presidential elections, Marc stated that they can do both…make the world better for all stakeholders and make money for shareholders.

Artificial Intelligence (AI) 101

“What all of us have to do is to make sure we are using AI in a way that is for the benefit of humanity, not to the detriment of humanity.” –Tim Cook

AI refers to computing hardware being able to essentially think for itself, and make decisions based on the data it is being fed. AI systems are often hugely complex and powerful, with the ability to process unfathomable depths of information in an extremely quick time in order to come to an effective conclusion.

AI infrastructure and machine learning (ML) can process instantaneously vast amounts of data. Thanks to detailed algorithms, AI systems are now able to perform mammoth computing tasks much faster and more efficiently than human minds. It is leading to big strides in the areas of research and development.

AI is being used to transform many areas of everyday life, from healthcare to traffic problems.Narrow Artificial Intelligence (AI) is what we see all around us in computers today.

These intelligent systems such as self-driving vehicles, smart speakers or virtual assistance have been taught or learned how to carry out specific tasks without being explicitly programmed how to do so. Systems programmed with narrow AI can only learn or be taught how to do specific tasks.

General Artificial Intelligence is very different, and is the type of adaptable intellect found in humans, a flexible form of intelligence capable of learning how to carry out vastly different tasks or to reason about a wide variety of topics based on its accumulated experience. This is the sort of AI more commonly seen in movies, but which doesn’t exist today.

Machine learning is where a computer system is fed large amounts of data, which it then uses to learn how to carry out a specific task, such as understanding speech or captioning a photograph. One of the most visible manifestations of AI can be observed with the rise of virtual assistants.

The rise of artificial intelligence (AI) and 5G will be game changers. 5G networks are the next generation of mobile wireless connectivity, offering faster speeds and more reliable connections on smartphones and other intelligent devices. While AI works by combining large amounts of data with fast, iterative processing and intelligent algorithms, allowing the software to learn automatically from patterns or features in the data. Together, the technologies will usher in autonomous systems and potentially solve many of societal problems.

Artificial intelligence (AI) makes it possible for machines to learn from experience, adjust to new inputs and perform human-like tasks. Most of today’s AI examples rely on deep learning and natural language processing. Using these technologies, computers can be trained to accomplish specific tasks by processing large amounts of data and recognizing patterns in the data.

CES 2020 Concept Vehicles

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Concept, self driving and electric vehicles at #CES2020 in Las Vegas Above, Mercedes-Benz VISION AVTR (ADVANCED VEHICLE TRANSFORMATION) is a groundbreaking concept vehicle developed in close collaboration with the AVATAR team. This concept vehicle embodies the vision of Mercedes-Benz designers, … Continue reading

CES 2020 | Las Vegas

Updated: January 15, 2020′ 1:35 PM

Friday, January 10, 2020 | 2020 Consumer Electronic Show ( #CES ) in Las Vegas. ( #CES2020 )

#CES brought together manufacturers, retailers, media and market leaders from across the globe. It offers outstanding network opportunities for the 170K plus attendees, and it showcased the future of consumer technologies and innovation. Furthermore, CES has evolved from a show about consumer electronics to a “showcase of technology and innovation” that influences every aspect of people’s lives.

Below are a few lessons learned and observations over four days attending #CES2020 in Las Vegas from January 7 – 10, 2020:

• Lyft deployed 100 robo taxis to operate during #CES2020 on the congested streets of Las Vegas using Qualcomm technology to safely navigate the street and deliver passengers to their destination. The taxis can be scheduled using the Lyft app after accepting an user’s agreement. As per the user’s agreement, there are non-robots safety observers riding along in the robo-taxis with passengers.

• Hyundai and other manufacturers unveiled flying air passenger vehicle concepts at #CES2020. Hyundai’s displayed a Uber air taxi tilt rotor concept capable of carrying four passengers plus pilot with top cruise speed of 150 mph and max speed of 180 mph. The Hyundai PAV “S-A1” is expected to be operational as early as 2030. #CES2020hyundaisa1

• 5G is the next generation of wireless network technology. It is projected to have greater bandwidth capacity, significantly faster mobile data speeds (to around 1Gbps according to Qualcomm’s CEO) and lower latency. It is expected to usher in intelligence cities and to allow vehicle-to-vehicle communications which is critical to self-driving cars. While 3G and 4G technology brought increased speeds and higher capacity to the wireless network, one CES2020 speaker described 5G as an use case technology; that it will enhance everything we do. 5G is expected to deliver faster download speeds, real-time responses, and enhanced connectivity permitting improved mobile streaming and and gaming experiences.

• IBM Watson in partnership with ESPN Fantasy Football have an initiative leveraging artificial intelligence (AI) to project player performance weekly for fantasy football. The initiative has been operational for three years and the results according to the IBM rep had been positive.  Watson AI is able to consume and analyze tens of thousands of documents, including news articles, blog posts, videos and podcasts every week during the football season. This analysis yield insight that’s presented to users through the ESPN Fantasy Football app and website. It projects how likely a given player, such as Seahawk’s QB Russell Wilson, would score on the high or low end of their ESPN-predicted points range. Watson provided to users the probability of a player scoring more than their projected point total (“boom”) or less than their projected point total (“bust”).

• Diversity, inclusion and belonging for women and people of color in the technology industry have been thoroughly discussed during this year’s conference and previous conferences. Although the topic has been a point of discussion for more than two decades, corporate executives continue to site the perennial excuses of unconscious bias and lack of diverse talent in the pipeline for reasons the problem continues to persist. Submit that the more likely actual reasons are that executives are not being held accountable and there is little dedicated effort on the part of boards and executives to solve the problem.

• American Express sponsored a lounge during  #CES2020 located in the North Hall of LVCC.  The lounge offered #AMEX Business card holders a place to relax, recharge mobile phones, obtain a hot cup of coffee and enjoy a reprieve from the hectic pace of #CES.  Overall, the lounge proved quite popular with show attendees and lines continuously queued at the entrance to take advantage of the many amenities offered by the hosts.

Global video gaming and esports are booming and their presence at #CES2020 reflected their meteoric rise in popularity. In the LVCC Central Hall, several dozen original equipment manufacturers of gaming systems and periphery equipment were on display. The periphery equipment ranged from items that would enhanced the gaming experience to the weird / unnecessary items that hope to attract the gullible few. Gaming appears to be in the gold rush fever stage phase of its growth. One gaming expert commented during a session that video gaming and esports tournaments have awarded more than $500 million in prize money.

• Delta Airlines made a spectacular first-time appearance at #CES2020 showing off its technology to improve the passenger’s flying experience. The company revealed it app that will queue passengers for boarding, provide real time tracking of baggage and update fliers on traffic conditions on their route to the airport using information provided by their partnership with Lyft. Additionally, Delta displayed a robotic exoskeleton that their employees would don to aid in lifting heavy equipment and in baggage handling.

• The proverbial ‘elephant in the room’ omitted during #CES2020 was related to the technology sins of intellectual property (IP) theft, forced technology transfers and hacking by China. We can only assume that the technology sins have had a negative impact on domestic and non-Chinese foreign companies exhibiting at the the Show. Cognizant of the consequences the NBA and its players experienced in 2019 for commenting on Chinese bad behavior, it is somewhat understandable why (CES desires to maintain its favorable relationship with China) serious discussions regarding Chinese technology sins have been omitted during #CES2020.

• It appeared that every television original equipment manufacturer brand (Samsung, LG, Sony, TCL, Sharp, Haier, Hisense, etc.) unveiled an 8K television during #CES2020. The 8K televisions displayed impressive resolution, amazing picture quality and definition. The displays were simply astonishing. And, most unveiled an 128-inch display that made observers feel integrated or actually present with the virtual image. As a result of advent of 8K, 4K HD television costs to consumers have fallen dramatically.

CES 2020 | Las Vegas

Thursday, January 9, 2020 | 2020 Consumer Electronic Show (CES) in Las Vegas. ( #CES2020 )

Today, I wandered through the Amazon display located in the Venetian Hotel and must say I was astonished by the numerous Alexa powered IoT devices on display. Now, Alexa powers smart bathroom mirrors, kitchen refrigerators and family room televisions, to name a few.

Amazon also featured the relatively small Echo Flex. Echo Flex has all the functionality of Amazon’s Echo Dot, but half the size and can plug directly into a hallway or utility room wall electric outlet. The rep stated that the Flex is great for areas without horizontal surfaces such as hallways.

After a brief stop at the Amazon display, I visited the Dell Experience also located in the Venetian Hotel. There, I learned about the Dell work at home products and the gaming products they offered on the market. Additionally, Dell offered an opened bar that help take the dye off a full day at CES 2020.

American Express Lounge

American Express has annually sponsored a lounge during CES in the North Hall of the Las Vegas Convention Center. During #CES 2020, the lounge was intended for American Express Business Card clients and their guest. It was a place to relax and disconnect from the hectic pace of CES. The lounge offers a very popular and high demand venue for WiFi, refreshments and snacks, everything someone might need to unwind.

5G Network

5G technology is slowly reaching the consumer market with promises of revolutionizing our daily lives. New and innovative technology such as autonomous automobiles and drones will rely on the capabilities offered by 5G technology.

There are three attributes of 5G millimeter wave technology provides: speed, capacity and latency.

One engineer explained that if 4G was a two lane road; 5G would be an eight smart superhighway. The speed of 5G will be more than tenfold faster than the current network. The capacity to carry data would also significantly improve. Also, there would be relatively zero latency with 5G network.

Yet, for all the fanfare behind 5G, the network remains just a concept and vision of the future. The reality once deployed may be far different.

CES 2020 | Las Vegas

Wednesday, January 8, 2020 | 2020 Consumer Electronic Show (CES) in Las Vegas. ( #CES2020 )

Spent the morning hearing about Quibi, the new short form video platform designed to operate only on mobile devices. Quibi is short for quick bites.

Quibi plans to create quality and compelling video content to be viewed on the go. The company’s technology will feature content that can be viewed either in landscape or portrait orientation on a user’s mobile device. While in landscape, the picture will show wide screen video image. In portrait, the view narrows allowing viewer to see the content from an alternate perspective that’s optimized for portrait.

Meg Whitman

Corporate Social Responsibility

Corporate Social Responsibility (CSR) has garnered significant attention and discussion during CES 2020. The prevailing premise regarding CSR is that it has become a must do mission by corporations. Even major corporations are embracing the call for action.

The Look‘ is a short video created by P&G, which is intended to shine light on unconscious bias prevalent in American society. It conveyed a powerful message about a problem the culture that unfortunately persist in America.

Yet, many tech companies from all appearances are only giving ‘lip service’ to diversity and inclusion of people of color.

In a session yesterday discussing corporate values and purpose, the moderator commented “don’t read people’s lips; watch their feet”. The words mouthed by corporate executives regarding CSG appear transformative, yet the associated actions for the most part by corporations have been lacking and plagued with excuses and lack of accountability.

Unconscious Bias in Technology

An unconscious bias that most senior managers and executives of color have witnessed first hand is the blatant inequality in the hiring process. A classic example is when a majority male candidate can be hired for a position without the prerequisite skills or experience under the assumption that they can learn the job and acquire the required skills and experience for the position.

In stark contrast, women and people of color must possess the prerequisite skills and experience for the prospective position in order to land on the final hiring slate. In short, this unconscious bias is a leadership problem and issue. Basically, organizations can come up with a million reasons why they’re not achieving diversity and inclusion.

One hope is that the seemly sincere CSG conversations occurring among corporate executives at CES 2020 will result in observable and measurable action on diversity and inclusion by CES 2021. And, ‘unconscious bias’ and ‘blaming the pipeline’ will no longer be excuses for lack of action and progress. Instead, corporate executives will accept that diversity and inclusion are deliberate choices and are ultimately good for their business’ bottomline.