Chilean second currency model to tackle inflation

Chile is one of the country credited with inventing a second currency as a means to tackle their growing inflation. The Unidad de Fomento (UF) is a Unit of account that is used in Chile. The exchange rate between the UF and the Chilean peso is now (today) constantly adjusted

Cardiac catheterization inspired by horse and literature

Heart patients worldwide owe a lot to Dr. Werner Forssmann. In the late 1920s, the medical community knew little about how to treat heart ailments. Instead, most of what we knew about hearts came from studying cadavers. Forssmann was inspired by a textbook that featured a tube entering the heart

Collaborating to better manage critical assets

From 2011 to 2016 international water research organisations, Australian water utilities and three Australian universities came together to undertake fundamental research in how critical water pipes fail and the conditions leading to failure. It was a interesting project to address problems which mattered to many, managing critical assets in this

Taking cultural competency seriously

One of the most discussed topics in the workplace in this globalized world is diversity. While diversity had many facets- gender, ethnicity, nationality etc, the one area that is usually understated is the appreciation of different cultures. Today,  most of the  large organizations either locally or globally are being made

Potato King who used curiosity to change people minds

In the 1700s, famine in Europe occurred regularly—crops failed and invading armies often stole or burned food. Frederick the Great of Prussia saw in the potato a solution. Highly filling and weather resistant, it was also a difficult crop to steal or destroy. But Prussians wouldn’t have it. Potato eating

Nudge Unit in Australian government drives behaviour change

State of New South Wales, in  Australia have been actively supporting the mission to use behavior science as a key enabler to enable policy decisions and drive positive society change. They are using the principles of behavioral science to tackle interesting problems : 1. Reduce city traffic congestion through flexi

Medici family: Inspiration to HR Managers

The Medici family, also known as the House of Medici, is said to be one of the most inflinfluential group in the Renaissance era. They first attained wealth and political power in Florence in the 13th century through its success in commerce and banking. The Medici’s had the vision and

Formula E Power boost by fans

Formula E, which promotes care racing in electric cars has empowered its fans to actively involve in races through ‘Fanboost‘. Fanboost is a concept where their favorite drivers based on fans votes can get a power boost during the race. There is a power accelerator device that gets activated during

Brazil’s Sport Club Recife innovates organ donation

Brazil’s Sport Club Recife is known for having some of the most passionate fans in Brazil . They are passionate about life too. Even after death. 51,000 Recife fans have signed up to donate their organs after they die (more than the stadium capacity). The club has mobilised their passionate

Italy Mafia : Methods behind murky deals !

Both are five letter words and they have become synonymous with each other ! Yes , Italy and Mafia have become inseparable . Mafia in Italy has a rich history and are an integral part of Italian economy. ( See : Mafia Empire Statistics ) . Though the activities they