2022年12月23日星期五

The 16th Anniversary for Lotto & Minda

Time flies! This year is our 16th anniversary. We went to the Sha Tau Kok to explore since TV said it was opened. 


But we stopped in the checkpoint. Police said this area had already extended and we need to apply closed area permit. Thus, we walked back and sightseeing.


We walked along the Sha Tau Kok Road.


Took some photos outside


A very big old tree was observed.


Mangrove Forest 


Then we saw Hong Kong Sha Tau Kok Anti-War Memorial Hall. But it was closed.


We need to apply for group visit through website and at least 10 people.


After the visit, we had a good lunch. 

(Our 10th anniversary in 2016)

Reference:

20161225: Merry Christmas & Happy New Year - https://qualityalchemist.blogspot.com/2016/12/merry-christmas-happy-new-year.html


2022年12月21日星期三

CDM Team Lunch for Celebration of HK TECH 300

CDM Team had lunch for Roy’s team successful joined CityU HK TECH 300 and fighting PolyU Micro Fund. Roy’s project employed RPA for different online application. It is very high potential to develop such platform. We took a group photo for memory. 

(Left: Dr. Vincent Fung, Ms. Juan Cheng, Ms. Yuki Fong, Dr. Roy Wong, I and Dr. YC Chau)

We all thanks Vincent’s lunch and Juan’s Christmas gift!

Hopefully, CDM Team will have a new project to develop something new for society.

Reference:

20201102: Visit CMD for reindustrialization - https://qualityalchemist.blogspot.com/2020/11/visit-cmd-for-reindustrialization.html

20201105: CMD meeting for reindustrialization - https://qualityalchemist.blogspot.com/2020/11/cmd-meeting-for-reindustrialization.html

20210227: CityU SEEM Guest Lecture 2021 – Learning Organization - https://qualityalchemist.blogspot.com/2021/02/cityu-seem-guest-lecture-2021-learning.html

20210304: Visit to CMA Testing - https://qualityalchemist.blogspot.com/2021/03/visit-to-cma-testing.html

20210309: Visit to QP Group - https://qualityalchemist.blogspot.com/2021/03/visit-to-qp-group.html

20210917: CDM Team Dinner - https://qualityalchemist.blogspot.com/2021/09/cdm-team-dinner.html


2022年12月17日星期六

IAQ QiETT Future of Quality in Higher Education Summit – Day 4

Future of Quality in Higher Education Summit is organized by the Quality in Education Think Tank (QiETT) of International Academy of Quality (IAQ) on 9 & 10 and 16 & 17 Dec 2022. The day 4 was chaired by Dr. Matthew Barsalou (Co-chair, QiETT) on 17 Dec 2022. 


Dr. Rey Fremista (President, Philippine Society for Quality, Inc.) was the first speaker and his topic entitled “Best Practices of Phlippine Quality Award Recipient Universities”. Firstly, Dr. Fremista played the video related to Philippine quality award.


State universities and colleges was one of public sections. Then Dr. Fremista briefed the visionary leaders that focusing on success, employs a robust and well-structured strategic planning and then he demonstrated the core values on valuing people.


After that Dr. Fremista briefed the customer-focused excellence through various systematic approaches and demonstrated a fact-based systematic evaluation and improvement in its processes.


Lastly, he briefed the supports on personal learning in university including faculty members and students about development programmes.


Dr. Ahmad Elshennay (The UCF Quality Institute) was the second speaker and his presentation topic was “Quality 4.0 in Education”. Firstly, he briefed what is quality 4.0 that it is a strategy to use data and digital technologies for a company, organization, group to enhance its ability to achieve stated quality goals. 


Then he explained why need quality 4.0 because of data analytics and connectivity increasing trends, new business models and quality improvement using cases for industry 4.0. And then introduced the foundation of quality 4.0 that is intercept among of people, process and technology.


After that he quoted Bill Gates that “The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.” Dr. Elshennay explained further on data collection, analysis and automation opportunities.


Finally, Dr. Ahmad Elshennay mentioned three dimensions (People, Process & Technology) and 11 components of Quality 4.0 one by one.


Lastly, he demonstrated case study for quality 4.0 strategy in education of Higher Education Institutions (HEIs). The assessment methodology and quality 4.0 maturity levels are briefed. The overall Quality 4.0 Maturity Level Assessment Framework was introduced.


Some results of quality 4.0 maturity level of Saudi HEIs are showed.


Mr. Anil Sachdev (President, TQM Internaitonal Pvt. Ltd (TQMI) – India) was the last speaker and his topic named “New Trends in Quality Trainings”. He quoted Ishikawa that “QC starts and ends with education” in the beginning.


Then he introduced the traditional methods of quality training including in-house training, training by external agencies, seminars & conference, and study missions.


After that he briefed the current trends from back to basics to data analytics.


I like the back to basics including 5S, Daily Work Management (DWM), QC Tools, etc. And some QM focused for Micro, Small and Medium Enterprises (MSME).


For new product development (NPD), the milestone steps were briefed in 14 phases. Finally, he concluded that basic principles of QM remained the same and avoid trap of the ‘flavour of the month’, as well as, more and more focus to be on business solution and data analytics.


Q&A session

Reference:

IAQ website - https://iaq.wildapricot.org/

QiETT - https://iaq.wildapricot.org/QiETT

Future of Quality in Higher Education Summit - https://events.zoom.us/e/view/amT-30XSS821AXQoi59ULQ?id=amT-30XSS821AXQoi59ULQ

IAQ Symposium and Forum:

20120803: ANQ Congress 2012 - Day 2 (The IAQ session entitled "Quality in Healthcare”) - https://qualityalchemist.blogspot.com/2012/08/anq-congress-2012-day-2.html

Leaflet - http://www.hksq.org/anq2012/doc/IAQ_Session_02082012.pdf

20131018: ANQ Congress 2013 Bangkok – Day 2 (The 2nd IAQ/ANQ Symposium) - https://qualityalchemist.blogspot.com/2013/10/anq-congress-2013-bangkok-day-2.html

20150924: ANQ Congress 2015 Taipei – Day 2 (The 4th IAQ/ANQ Symposium) - https://qualityalchemist.blogspot.com/2015/09/anq-congress-2015-taipei-day-2.html

20151025: IAQ World Quality Forum 2015, Hungary – Welcome Cocktail - http://qualityalchemist.blogspot.hk/2015/10/iaq-world-quality-forum-2015-hungary.html

20151026: IAQ World Quality Forum 2015, Hungary – Day 1 - http://qualityalchemist.blogspot.hk/2015/10/iaq-world-quality-forum-2015-hungary_26.html

20151027: IAQ World Quality Forum 2015, Hungary – Day 2 - http://qualityalchemist.blogspot.hk/2015/10/iaq-world-quality-forum-2015-hungary_27.html

20151028: IAQ World Quality Forum 2015, Hungary – Gala & Networking Dinner - http://qualityalchemist.blogspot.hk/2015/10/iaq-world-quality-forum-2015-hungary_28.html

20160514: The International Academy for Quality (IAQ) General Meeting and Dinner - https://qualityalchemist.blogspot.hk/2016/05/the-international-academy-for-quality.html

20171013: The 2nd IAQ World Quality Forum 2017 in Bled, Slovenia - https://qualityalchemist.blogspot.com/2017/10/the-2nd-iaq-world-quality-forum-2017-in.html

20180921: The International Academy for Quality (IAQ) General Meeting and QiETT Symposium - https://qualityalchemist.blogspot.com/2018/09/the-international-academy-for-quality.html#more

20191206: The 3rd IAQ World Quality Forum & 13th Shanghai International Symposium - https://qualityalchemist.blogspot.com/2019/12/the-3rd-iaq-world-quality-forum-13th.html

20221209: IAQ QiETT Future of Quality in Higher Education Summit – Day 1 - https://qualityalchemist.blogspot.com/2022/12/iaq-qiett-future-of-quality-in-higher.html

20221210: IAQ QiETT Future of Quality in Higher Education Summit – Day 2 - https://qualityalchemist.blogspot.com/2022/12/iaq-qiett-future-of-quality-in-higher_10.html

20221216: IAQ QiETT Future of Quality in Higher Education Summit – Day 3 - https://qualityalchemist.blogspot.com/2022/12/iaq-qiett-future-of-quality-in-higher_16.html

20221217: IAQ QiETT Future of Quality in Higher Education Summit – Day 4 - https://qualityalchemist.blogspot.com/2022/12/iaq-qiett-future-of-quality-in-higher_17.html


2022年12月16日星期五

IAQ QiETT Future of Quality in Higher Education Summit – Day 3

Future of Quality in Higher Education Summit is organized by the Quality in Education Think Tank (QiETT) of International Academy of Quality (IAQ) on 9 & 10 and 16 & 17 Dec 2022. The day 3 was chaired by Dr. Matthew Barsalou (Co-chair, QiETT) on 16 Dec 2022. 


Dr. Narimane Hadj-Hamou (Founder & CEO, CLICKS, UAE) was the first speaker and her topic entitled “QA in Non-Traditional Education”. Firstly, she pointed out some trends challenging QA in Higher Education (HE) including accelerated rise in student enrolment numbers, internationalization in HE, shifting boundaries between institutional autonomy & accountability, as well as, technological advancements.


Then she briefed the digital education that is the innovative use of digital tools and technologies in teaching and learning and is often rereferred to as technology enabled education; encompassing online, flipped learning and hybrid learning. Different modes of learning spectrum were discussed.


Dr. Narimane mentioned the transition included three level and they were Marco Level (The National/Regional Dimensions), Meso Level (The Institutional Dimensions) and Micro Level (The Functional Dimensions). The Marco Level had 5 imperatives including Agile Policies, External QA, Co-creation, Digital Instructure and Partnerships.


And then she described the Institutional & Functional Level for transitioning to online education using 8 steps. 


Finally, Dr. Narimane reviewed quality models for online and open education, as well as, benchmarking framework for online, open, smart and technology-enhanced Higher Education. Lastly, she introduced the UDL framework to overcome challenges of education.


Dr. Kim Stansfield (UK Rep. International Council for QFD (UK)) was the second speaker and his presentation named “Improving Technology Enhanced Learning (TEL) Selection & Deployment Using Modern QFD: A Virtual Reality Case Study”. In the beginning, Dr. Stansfield briefed his experience on QFD and achieved Akao Prize in 2016. He is also member of Voice of Customer Think Tank.


Then he introduced the modern QFD based on ISO 16355 from part 1 to 8.


After that Dr. Kim Stansfield discussed the context Virtual Reality (VR) and Mixed Reality (MR) project in Warwick University since 2017. It is pioneering industry sponsored Bachelor and MSc Apprenticeships. Increase of Personalization in Education was observed.


Finally, Dr. Stansfield employed QFD for HE and analyzed HE stakeholder needs using stakeholder table. Lastly, case study evaluation of mixed reality and virtual reality was discussed.


Dr. Jorge J. Roman (Business Excellence Advisor, Dubai Police (UAE) was the third speaker and his presentation title was “Future Trends in Higher Education”. He quoted Forbes that “Higher education is facing one of its biggest periods of unknowns in recent memory. There’s not a single person or aspect of education that hasn’t been utterly shaken by the pandemic.” 


Dr. Roman then briefed some higher education’s challenges including personalized learner journey, gap between education and work, improving blended learning capabilities, and best possible student experience. Some future trends in HE are also mentioned.


After that he briefed the work trends such as changing in work-life patterns, job polarization has reduced, existing jobs will disappear due to automation, etc. A multi-stage model was induced for re-training and re-education.


Finally, 70% of leaders believed that they needed new talent and skills covered soft and hard skills. Thus, 40% of workers would require reskilling of up to six months by 2024.


Dr. Robin Mann (Centre for Organizational Excellence Research, New Zealand) was the last speaker and his topic was “Benchmarking in Higher Education”. Firstly, he introduced two types of formal benchmarking and they were performance benchmarking and best practice benchmarking.


Performance benchmarking is “the comparison of performance data that has been obtained from studying similar processes or activities.” It is useful for identifying strengths and opportunities for improvement such as financial measures and non-financial measures. 


Best practice benchmarking is “the comparison of performance data that has been obtained from study similar processes or activities and identifying, adapting, and implementing the practices that produced the best performance results.” It is useful for “learning from the experience of others” and achieving breakthrough improvements in performance. 


After that he introduced the Benchmarking Coordinating Unit in the organization. The unit reported to CEO directly and located in Director level.  This unit is responsible to all benchmarking projects. 


Lastly, Dr. Robin Mann introduced different projects employed benchmarking and part of education session since 2015.


Q&A session

Reference:

IAQ website - https://iaq.wildapricot.org/

QiETT - https://iaq.wildapricot.org/QiETT

Future of Quality in Higher Education Summit - https://events.zoom.us/e/view/amT-30XSS821AXQoi59ULQ?id=amT-30XSS821AXQoi59ULQ

IAQ Symposium and Forum:

20120803: ANQ Congress 2012 - Day 2 (The IAQ session entitled "Quality in Healthcare”) - https://qualityalchemist.blogspot.com/2012/08/anq-congress-2012-day-2.html

Leaflet - http://www.hksq.org/anq2012/doc/IAQ_Session_02082012.pdf

20131018: ANQ Congress 2013 Bangkok – Day 2 (The 2nd IAQ/ANQ Symposium) - https://qualityalchemist.blogspot.com/2013/10/anq-congress-2013-bangkok-day-2.html

20150924: ANQ Congress 2015 Taipei – Day 2 (The 4th IAQ/ANQ Symposium) - https://qualityalchemist.blogspot.com/2015/09/anq-congress-2015-taipei-day-2.html

20151025: IAQ World Quality Forum 2015, Hungary – Welcome Cocktail - http://qualityalchemist.blogspot.hk/2015/10/iaq-world-quality-forum-2015-hungary.html

20151026: IAQ World Quality Forum 2015, Hungary – Day 1 - http://qualityalchemist.blogspot.hk/2015/10/iaq-world-quality-forum-2015-hungary_26.html

20151027: IAQ World Quality Forum 2015, Hungary – Day 2 - http://qualityalchemist.blogspot.hk/2015/10/iaq-world-quality-forum-2015-hungary_27.html

20151028: IAQ World Quality Forum 2015, Hungary – Gala & Networking Dinner - http://qualityalchemist.blogspot.hk/2015/10/iaq-world-quality-forum-2015-hungary_28.html

20160514: The International Academy for Quality (IAQ) General Meeting and Dinner - https://qualityalchemist.blogspot.hk/2016/05/the-international-academy-for-quality.html

20171013: The 2nd IAQ World Quality Forum 2017 in Bled, Slovenia - https://qualityalchemist.blogspot.com/2017/10/the-2nd-iaq-world-quality-forum-2017-in.html

20180921: The International Academy for Quality (IAQ) General Meeting and QiETT Symposium - https://qualityalchemist.blogspot.com/2018/09/the-international-academy-for-quality.html#more

20191206: The 3rd IAQ World Quality Forum & 13th Shanghai International Symposium - https://qualityalchemist.blogspot.com/2019/12/the-3rd-iaq-world-quality-forum-13th.html

20221209: IAQ QiETT Future of Quality in Higher Education Summit – Day 1 - https://qualityalchemist.blogspot.com/2022/12/iaq-qiett-future-of-quality-in-higher.html

20221210: IAQ QiETT Future of Quality in Higher Education Summit – Day 2 - https://qualityalchemist.blogspot.com/2022/12/iaq-qiett-future-of-quality-in-higher_10.html

20221216: IAQ QiETT Future of Quality in Higher Education Summit – Day 3 - https://qualityalchemist.blogspot.com/2022/12/iaq-qiett-future-of-quality-in-higher_16.html

20221217: IAQ QiETT Future of Quality in Higher Education Summit – Day 4 - https://qualityalchemist.blogspot.com/2022/12/iaq-qiett-future-of-quality-in-higher_17.html


2022年12月12日星期一

ESG Webinar – 2023 Outlook and Strategy

The Executive Study Group (ESG) webinar named “2023 Outlook and Strategy – How to Survive in a Recession and Thrive Afterwards” was held by Asia Pacific Institute for Strategy Limited (APIFS) on 12th Dec 2022.   In the beginning, Dr. Mark Lee briefed the background, history, and goal of Asia Pacific Institute for Strategy Limited (APIFS). Firstly, Dr. Mark Lee introduced today’s content including ‘Probability of a Recession’, ‘Higher and Longer Inflation’, ‘Problem of Short-Sighted Behaviors’ and ‘The 8 Recession Strategies’.


Before the talk, Dr. Lee surveyed us about GDP growth in next year that high participants selected higher than 2.9% and the other half selected lesser than 2.9%.


Then he quoted Economist Intelligence Unit (EIU) forecasting on world economy and explained their prediction ground. There was worsening US forecast in 2023. “Post-pandemic labor market overheating showed up not in excessive employment but in unprecedented job openings” was observed.  In Wall Street Journal forecaster survey showed 65% of probability for a US recession in 2023.


And then Dr. Lee surveyed again for predicting inflation rate in 2023. It showed normal distribution and mean at 6%-7.9%.


After that he also quoted EIU about inflation and trade predication from 2018 to 2027. Considering the revenue and EBITA in different sectors, it was found that few of sectors (e.g. Real estate, Automotive & Assembly, Logistics & Trading, Agriculture & Food Production, Oil & Gas, etc) would have good EBITA even though most of sectors to have good revenue.


Dr. Lee also discussed the problem of short-sighted behaviors such as firefighting, increasing price & cutting procurement costs, etc. But Prof. Nitin Nobria said “Research shows that 9% of companies come out of a recession stronger than ever.”

The third polling was performed and bell shape response received, indicating that half of companies’ management thought they would be in 9% stronger after recession.


Finally, Dr. Mark Lee introduced the 8 recession strategies in three directions and they were Strategy Formulation, Sales and Marketing, as well as, Finance and Performance Review.


Strategy Formulation:

1.      Manage Your Management Mindset

Problem of Prevention-Focused (e.g. Survival focus build a feeling of disempowerment or same cut for all things) and Promotion-Focused (Optimism culture and wider customer expectation gap that do not notice the pie is shrinking).

2.      Integrate Offensive and Defensive Plans

Defensive action is to improve operational efficiency rather than by slashing the number of employees relative to peers. Offensive action is to develop new business opportunities by making significantly greater investments than their rivals do in R&D and marketing.

3.      Protect Strategic Expenditures

An indiscriminate slash-and-burn response is a big mistake because it fails to distinguish between short-term operational and long-term strategic programs.


The poll 4 was performed about strategy formulation and most participants selected changing mindset which was most difficulty.


Sales and Marketing:

1.      Careful About Discounts

There was dilemma of short-term visible performance vs long-term invisible performance.

2.      Focus on Switcher-Type Customers

Switchers were spending 40% of coffee-related dollars at Starbucks.

3.      Provoke Your Customers to Buy With Urgency


Finance and Performance Review:

1.      Manage Your Cash-Flow

“I will be very careful about the cash and inventory control over than other things before any investment decision.” Said by Andrew Lok.

2.      Review Control Measure like KPI Carefully

Current ratio is short-term assets (cash, inventory, debtors) divided by its short-term liability (creditors, taxes, and deferred dividends). Quick ratio subtracts inventory from short-term assets and divides the result by short-term liabilities. 

Reference:

Asia Pacific Institute for Strategy Limited (亞太策略研究所有限公司) www.apifs.org

ESG facebook - https://www.facebook.com/groups/esg08

Previous talks summary:

https://qualityalchemist.blogspot.com/search/label/Executive%20Study%20Group


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