Category Archives: Hart-Boillot

Green Muting – 24-hour news cycles and jaded audiences keep us quiet

Green MutingAs an increasing number of businesses recognize the importance of being green(er) and the marketing value of green messages, we have seen the rise of both “green washing” and “green muting.” The Greenwashing Index defines green washing as “when a company or organization spends more time and money claiming to be ‘green’ through advertising and marketing than actually implementing business practices that minimize environmental impact. It’s whitewashing, but with a green brush.”

Green-muting, on the other hand, is when businesses don’t talk about the positive environmental choices they are making. Joel Makower introduced me to both concepts in a presentation he gave a few years ago. I continue to encounter both in my personal and professional lives, most recently during a client meeting.

In this case, we spent the day with Ocean Thermal Energy Corporation (OTE Corp), discussing what’s next in marketing and PR as the company works to make a serious mark on the global energy landscape, starting in the Bahamas. As we discussed Continue reading

Posted in Advertising, Clean Tech, Green Living/Working, Hart-Boillot, Public Relations | 1 Comment

Innovative, Lightweight, More Fuel-Efficient

It is pretty amazing how quickly life changes. I used to think, “I’ll never do that” when I saw people drive by in campers and RVs…never say never!

Ten years ago my husband and I would spend hours at REI shopping for camping gear. We purchased compact and lightweight products for our expeditions. Weekends were spent camping in the north Georgia mountains along the AT in the torrential rain, hot summer heat, snake and bear infested territory. We stayed cozy in a Marmot four-season tent under the stars. Yes, we were once the die hard campers backpacking everything in – our dog even had a backpack for all of his belongings.

Well, it was only a matter of time before we became “one of them.” After settling down and having a family we found ourselves missing the camping years. Tent camping didn’t seem realistic with two young toddlers, so we purchased a pop-up camper. We now spend a majority of our summer vacations camping along the coast of Maine with running water, electricity and heat.

We’ve enjoyed the pop-up for the past two years but somehow we’ve found ourselves looking at the Earthbound RV’s. These particular campers are completely eco-friendly and fuel-efficient. They’re modern looking compared to other RVs on the market that have a 70′s or 80′s feel. The sleek and creative design keeps the environment in mind using low organic construction materials. This concept only makes sense since you’re trying to enjoy the great outdoors. Who knows, maybe we’ll trade-in the pop-up for one in the future.

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The On Project

The clean-technology industry continues to boom economically – and we are fortunate to work with an organization leading the charge in the use of alternative energy, specifically Ocean Thermal Energy Conversion (OTEC). OTEC is a base-load renewable energy production process particularly suited for tropical zones. We have teamed with OTE Corporation to spread awareness about OTEC through “The On Project,” a central hub where individuals with a variety of passions (environmental, business growth, national security, humanitarian), can learn about the benefits of OTEC, including 24/7 renewable energy and clean, potable water.

To raise awareness, HB and OTE Corporation produced two videos which help to tell the OTEC story:

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Inspiration

Fireworks

A blank page. Quite intimidating. Where can we find the inspiration to craft meaningful content, visuals, or information?

Humans

Grab a peer. Ask for help. Show a family member. Often, our creations are self-centered. An alternate point of view can provide an unaffected opinion on your layout or draft. Even if the feedback is “bad,” it provides an opportunity to enhance your work.

Resources

Lean on news sources and creative aggregators for help. Every day, I view successful designs on The Dieline, Swiss Legacy, and Brand New (to name a few). Even if your working on a non-package, non-poster, or non-logo, a design can help to inspire. In addition, it helps to read about successful campaigns or initiatives. We Heart, T Magazine, and Design Envy are excellent aggregators of interesting projects across architecture, design, and fashion.

The Web

Why not ask your favorite design or content communities for their thoughts? Dan Cederholm’s Dribbble provides an open environment for sharing ongoing designs. You can also rely on Twitter and Facebook to review your work as well – your communities are salivating for new content to devour.

Other inspiring collectives: AisleOne, FormFiftyFive, It’s Nice That, and Motionographer.

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Lessons from Singapore’s bio-science hubs

September 1, 2011 by Nik See

Singapore’s transformation into a hub for biomedical investment, research and development holds lessons for the Massachusetts medical device industry.

In September, I’ll be celebrating my 21st year living in the United States. I still have vivid memories of my long journey from Singapore to Minneapolis. The country I left behind was known then for its inexpensive labor in the electronics and garment industries. Today, the world’s focus is back on Singapore, as it has successfully morphed itself into a global hub for the biotech industry.

Here in Boston where I now work, we often speak of Singapore with clients; many have a long-established or newly developed presence in this Southeast Asian city-state. And in truth, medical marketers have much to learn about its innovative initiatives and focus on biotech and how it will affect us here in Massachusetts.

Lesson One: Back the vision with commitment
More than a decade ago, Singapore’s government declared biomedical science to be its fourth manufacturing pillar — together with electronics, chemicals and engineering — all core competencies that made this declaration credible and much more than a pipedream. It has since invested over $1.5 billion (in U.S. dollars) in this sector. Singapore aimed to be home to 15 world-class biomedical science companies, as well as the region’s hub for clinical trials and drug development, by 2010. They surpassed their goal.

It’s amazing to see the speed and progress Singapore had made. It not only embraced the idea of “interdisciplinary research” as a guide to good science, it created a well-funded and robust entity: The Agency for Science and Technology Research (A*STAR) to spearhead this effort.

Lesson Two: View the talent as your first customers
A*STAR’s vision was realized with two state-of-the-art biotech parks, Biopolis and Fusionopolis. Both represent an entirely new model of how research and development can be done — designed specifically to bring research scientists, engineers and technology experts from A*STAR and those from the private sector together under one roof.

I believe the secret to Singapore’s success is that it planned efficiently to accommodate the needs of today’s talents, including creating environments that promote work-life balance. Fusionopolis, for instance, is a 120,000-square-meter, two-tower complex that houses research labs, serviced apartments, a fitness club, a swimming pool, shops, childcare services and even a movie theater.

Lesson Three: Give the seeds time to grow
The results have been phenomenal — but they didn’t happen overnight. Singapore’s effort began more than 10 years ago, but it is only in the past five years that Biopolis has successfully attracted a new wave of private investment from the biomedical industries. The patience has paid off. Some recent activities include GlaxoSmithKline opening a $13 million medicinal chemistry center that doubled the company’s researchstaff in Singapore and Eli Lilly’s plan to triple its research and development staff to 150 within three years.

In the medical technology and device sector, global leaders — including those from Massachusetts — have set up manufacturing, R&D and headquarters functions in Singapore. They include Affymetrix, Alcon, Applied Biosystems, Bio-Rad, Ciba Vision, Edwards Lifesciences, Fluidigm, Hill-Rom, Medtronic, Qiagen, Siemens Medical Instruments and Thermo Fisher Scientific.

I believe the next wave of migration from Massachusetts to Singapore will be service-based companies, which are essential to support this growth. Are we prepared to meet the challenges ahead?

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Environmental concern – Not for everyone… yet.

I recently read an article in the Seattle Times about arctic sea ice melting at unprecedented rates and Russia’s comment about the resulting new shipping lanes. The good news: this apparently can cut the the journey for some shipping between Europe, Asia and America by 50%. The bad news: rapidly melting arctic ice already affects global climate and coastal communities.

Courtesy of National Snow and Ice Data Center, nsidc.org

I looked for other commentary in the Seattle Times, searching for an “environment” or “green” section of the paper. But there was none. Many of the media sources I use have dedicated sections for environmental/green news. These include The New York Times (usually under Science), The Washington Post (under Energy & Environment), The Los Angeles Times (under Science & Environment), The San Jose Mercury News (under Science & Environment) UK’s The Guardian (under Environment), France’s Le Monde (under Planete) and The Times of India (under Environment).

I follow news from other worldwide outlets that seem to have no section dedicated to the environment, and rarely to science. These include Russian news outlets Pravda, Moscow Times and St. Petersburg Times, Sweden’s The Local, Germany’s The Local, Brazil’s Rio Times, Argentina’s Buenos Aires Herald, China’s China Daily, Shanghai DailyPeople’s Daily and , Hong Kong’s The Standard, Singapore’s The Straits Times and The New Paper, AsiaOne, and of course Al Jazeera.

Does this evidence suggest only the richest audiences care about the environment? Not really. Plenty of outlets here in the US haven’t considered the “environment” worthy of its own section – for instance The Houston Chronicle and Chicago Tribune. And those regions certainly don’t lack wealth.

My conclusion regards the assumptions we often make. As we participate in the US efforts to catch up to Germany and other progressive nations in developing clean technology and preserving our environment, we should not assume that all people in all places share our concerns or ambitions. Such assumptions are tantamount to zealotry – comparable to people of faith who assume that their faith is the only valid one, and think less of those who don’t share it (or even worse, assume some horrible fate awaits non-believers, such as going to Hell).

Instead we should acknowledge that even as ice-cap melting sends chills of fear up our spines, it can be interpreted as good news by others. Even as environmental degradation and dependence on foreign oil keeps us up at night, our fellow Americans (and global citizens) have many other concerns that take precedence.

Bridging the gap remains our mission, not by talking ever more loudly to dominate the conversation, but by respectfully and repeatedly stating the case, and encouraging change where we can. To start, I suggest a call and a note to any news outlet you enjoy, saying that you would be more likely to return for news if the outlet offered pages or sections dedicated to the environment or clean technology.

By the way, if you currently have a favorite mainstream media outlet that covers environmental or clean-technology news, please let me know.

Posted in Clean Tech, Current Affairs, Green Living/Working, Hart-Boillot | Tagged , , , | Leave a comment

Network me out to the ball game

Number 1 son John with his dad, bribed to smile with a sleeve of cotton candy

I hate large networking events. There are loads of people all moving about to occupy time and share a brief moment with as many people as possible. And while I’ve met many nice people at larger events, I prefer an intimate group.

I have the luxury of currently participating in two such groups of 8 and 12. In these groups I’ve been able to get to know peer business people who struggle with challenges and celebrate successes. I know a great deal of their businesses and they of mine. A trust is built and you can rely on them for advice, superb introductions for partnerships and new biz, and occasionally great seats to a game.

This past weekend I had the joy of attending the Red Sox vs Yankees game – Good guys win 10-4. The four tickets that came so easily, I acquired at face-value from a member of one of my networking groups. He offered first-come first-served to our small group and I won the race to his in-box.
Networking… Ahhh, what a wonderful thing.

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Props to Values

What drives your business?

Rosanna M. Fiske, APR, chair and chief executive officer of the Public Relations Society of America shares the importance of values across a company. Fiske argues that good businesses profit from products and services while great companies do the same with a higher purpose. Companies must communicate their values across the business for the greatest impact. Perhaps her most important point concerns asking employees what they feel is most important.

Talk

So often we forget to speak directly to our audience(s). Whether you are an agency, a B2B company, or a retail shop, it’s critical to know what your team thinks. How does your account manager, sales team, or cashier embody a company’s value system?

Execute

We pride ourselves on The HB Way, a set of principles guiding our actions with clients, prospects, and each other. These beliefs emerged from internal (ongoing) discussions about HB’s purpose and role in the world of marketing. When in doubt, refer to The HB Way to make a valuable decision.

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Meetings, Greetings, and Tweetings

Meetings and Greetings

Networking events serve to connect people, provide an opportunity for introductions, and act as an environment in which to speak about your business.

And often they conclude without any business leads. Such is the nature of networking events – meet interesting people, engage in conversation, but ultimately struggle to gain traction with prospects. So what’s the point?

Practice

Start thinking of networking events as incredible opportunities to speak eloquently about you and your business. I recently attended several events, including a South Shore Tweet-up, where constant interactions require I succinctly and efficiently share HB’s solutions from the perspective of the client.

Patience

In order to effectively discuss your business, you must practice. Practice in the mirror, to your significant other, to your dog – whatever works best. Over time, networking events will seem less intimidating and more beneficial. Talk about your business well and your conversations become more meaningful.

How are you talking about your business?

Posted in Business, Hart-Boillot, Social Media | Leave a comment

Let’s Go!

You know that email you’re afraid to send? Or that critique you can’t seem to share? Or that errand you are avoiding?

Stop it. And let’s go.

Too often I find myself:

  • Avoiding mowing the lawn,
  • Returning unfinished library books, or
  • Feeling unsatisfied with my work ethic.

Time management and commitment greatly influence success. What’s stopping you? Whatever you need to do – do it. And let’s go.

Need tools to help? FranklinCovey lends a hand.
How about testing? Chris Brogan suggests just that.
Or, just a simple look in the mirror. Julien Smith gets in your face.

I require a look in the mirror every now and again to recharge my batteries. It doesn’t hurt that the HB team also helps push me to work smarter.

LET’S GO.

Posted in Business, Hart-Boillot | 1 Comment

Campus Technology – Non-Traditional Learning Galore

I joined Account Director Perrin McCormick at the Campus Technology Conference this week for a meeting with an editor and a look at what’s new in educational technology. A vast number of exhibits focused on non-traditional learning: technology to enable online courses, tracking, grading, audio/video, archiving and search.

Perrin at the Campus Technology Conference 2011

While there were some extraordinary displays of technology for the online world, the most memorable for me was a fairly simple concept from Sony, which could be used in the office or classroom. The positioning statement (or question, as in this case) says it all: “What turns any wall anywhere into an interactive whiteboard?” To make it happen, Sony combines a laptop, a projector and an eBeam Edge to create an interactive whiteboard as large as 5′x9′.

How often have you wanted to add notes to your PowerPoint presentation in the moment and visible to all? Now, without touching the computer, you can tap a projected icon, start writing or drawing and your annotations appear right in the presentation — and are saved as well. The next addition to the HB strategy room? Check it out.

Posted in B2B Technology, Business, Hart-Boillot, Higher Education, Web/Tech | Tagged , , , , | Leave a comment

Pill-Box Redesign: Rethinking Medicine

One thing that the healthcare industry needs more of, in my opinion, is a little high design. Apparently Céline Forestier thought so too. Her new design, featured on Fast Co.’s blog is a new take on the pill box’s of yesteryear.

This is a very interesting product for HB. As you may know, one of HB’s areas of expertise is healthcare, and design is an integral part of HB’s integrated marketing. So, it’s always encouraging to see these two industries collide.

Forestier’s goal was to “change attitudes towards medication at home and ultimately de-stigmatize the pillbox.” If this kind of design attitude existed in all areas of the medical field, imagine the possibilities!

We’d have great looking hospitals, where form and function could be well-balanced. At the core of this pill-box redesign is an issue of functionality. Standard pill boxes are easy to forget. Every compartment is the exact same, and there is no tactile experience. Forestier’s redesign not only solves those problems, it makes the pill box a displayable art object. Read more about this specific object at Co.Design .

I think the reason this pill box is getting coverage, is because it takes something that we typically find unappealing and makes it beautiful. Pills are not generally perceived as a positive thing. They are a sign of poor health, reliance, and a regulated lifestyle. This redesign signifies life, elegance, and beauty. Which experience would you rather have when dealing with the healthcare system?

Perhaps this same attitude can be applied to the entire system. Maybe soon, we’ll see elegant redesigns of wheelchairs, hospital beds, and the pills themselves. If the negative connotations are removed from these objects and replaced with feelings of empowerment and attractiveness, that would be a beautiful thing. Sound off in the comments below and let us know what you think about the pill box, and the possibility of a reimagined system.

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Going Green… On the Green

I thoroughly enjoy sports, especially golf (above: my recent trip to Torrey Pines in San Diego with my family). I also enjoy “doing the right thing,” especially when it comes to the environment.

Several sports franchises feel the same way and developed the Green Sports Alliance – a collective group working to reduce the environmental impact of their teams and venues. Their most recent news surrounds FedEx Field in Washington, D.C., home to the NFL’s Redskins. The organization plans to install solar panels in its parking lots which will power the field on non-game days and dramatically decrease the energy needed for home games. Even more impressive, the recently-founded Alliance has quickly quadrupled in size thanks to the addition of our hometown Red Sox and other franchises.

As a Sox fan, I proudly root for the players on the field… and soon I will proudly root for a team that is “doing the right thing.”

An additional thought: I know that golf in particular can be hard on the environment. Read my previous post about how Justin Timberlake sets a new standard for eco-friendly golf, and if you’re a golfer, join me in asking for environmentally conscious practices at your local golf course.

Posted in Clean Tech, Hart-Boillot, Sports | Leave a comment

Interpreting a “crisis” in higher education

Today my wife heads to Northern Essex Community College for an assessment of her ASL (American Sign Language). An interest of hers for years, she has taken many courses and attended retreats on the art of signing. She has finally decided she’d like to go back to school to become an interpreter.

As we figure out how to pay for her schooling, and how we might monetize her degree, I stumbled across an interesting article in the Chronicle of Higher Education on the “Crisis of Confidence” in higher education. It seems that more than a third of college presidents think the industry they lead is heading in the wrong direction.

The article states: Without a change in course, presidents fear, American higher education’s standing around the globe could erode. Although seven in 10 college chief executives rated the American system today as the best or one of the best in the world, barely half predicted that a decade from now the United States would be among the top globally.

Recent research noted in another post indicates many believe the value of a degree isn’t there. Yet, despite the “crisis of confidence,” enrollment at colleges is at record levels.

The article concludes with an interesting and compelling comment from John Immerwahr, a professor of philosophy at Villanova University and a senior research fellow at Public Agenda. Mr. Immerwahr points to a cautionary tale from another well-established American industry, one that was the best in the world, until it wasn’t—auto manufacturing. “We don’t want to be Detroit,” he says.

Do the education leaders who lack confidence have the power to make necessary changes? Did Detroit?

As she departed for her ASL assessment, my wife was nervous that she wouldn’t be placed correctly. I assured her that she’d be fine. I hope the leaders in higher education, as well as those who control part of the picture with funding and legislation, believe the same. Indeed, we don’t want higher ed to be another Detroit.

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“Texas is THE place to do business when it comes to energy.”

Texas wind energyIt’s not what you’re thinking.  These words from Tamar Guy, executive director of the Israel America Chamber of Commerce, were not uttered in the context of Texas’ big oil and gas industry.  Rather, Tamar believes that Texas is the place to do business when it comes to clean energy. Check out her full interview on the subject as she speaks about the Texas Israel Chamber Cleanovation Conference.

Tamar isn’t the only one who views Texas as an essential player in the clean energy industry.  Shawn Lesser, president and founder of Atlanta-based Sustainable World Capital, points out Austin’s commitment to becoming the clean energy capital of the world in his article outlining the top ten reasons Austin is a clean tech city. In fact, Austin was listed among the Top Ten Cleantech Cities around the Globe, alongside Copenhagen and Stockholm.

Oh, and did I mention that Texas is the United State’s leading producer of wind energy?

In other words, keep your eye on the Lone Star state and your mind open as Texas develops its unexpected leadership in clean technology and renewable energy.

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The Rules of Engagement

Imagine attending a conference with a few hundred people and each person is glued to a mobile device. Unprofessional? Poor etiquette? Not if you attended Bentley University’s ‘Going Local with Social Media’ event last month. If you weren’t updating your Facebook status, tweeting with the hashtag #cmtsocial, or “checking in” to Bentley University on foursquare, you were completely, well…disconnected.

Notable conference panelists included Groupon, Rue La La, Microsoft, Hubspot, and Scvngr. Gus Weber of Dogpatch Labs was the keynote speaker contributing some of the best insight into today’s world of social media.

Weber spoke about the overwhelming amount of online content generated through social media and the growing value of brand engagement.

Brand awareness is no longer good enough in a marketing campaign. Making a brand successful means taking marketing to the next level by finding new ways to engage and interact with your target audience.

Take HB’s work with the 15-40 Connection, a non-profit with the mission of promoting health awareness, advocacy and action to provide the life-saving advantage of early cancer detection.

The 15-40 Connection looked to HB to create brand engagement with its 300 Facebook fans last year. Instead of simply posting facts and statistics, HB engaged the 15-40 Connection’s target audience with posts generating approximately 70 brand engagement opportunities each week. Today, the 15-40 Connection’s fan base is over 30,000, and more importantly, provides the organization a place to communicate with others who share a common goal.

How often do you engage with a brand and where does it take place? Share your brand engagement story with us!

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Antibiotics for Asthma, Why?

The kitchen cabinet is overflowing with our children’s medication. Between boxes of Albuteral, steroid inhalers, and allergy medication it becomes a rotation of treatments daily. Fortunately the winter and spring months are the hardest seasons so we catch a little breather in the summer.

Asthma is the leading cause of illness in children and we’ve learned so much about the respiratory condition. When the children were first diagnosed we received monthly calls, keeping us in the loop on the latest medications and related articles, from our healthcare provider. Unfortunately changes in the system have eliminated this unique feature and now we rely on frequent doctors visits to keep us on track.

Recently I stumbled upon an article featured in Medicine.Net stating that 35.6% of children with asthma were prescribed antibiotics. How alarming!? Not only do you have a concern about the condition, but also the possibility of antibiotic-resistant bacteria. Hopefully other parents have become self educators in order to avoid antibiotic treatments for a non viral illness.

Posted in Hart-Boillot, Medical Devices | Leave a comment

From Shoe Laces to Clean Energy. Small Adjustment Yield Big Results

I watched Terry Moore’s 3-minute Ted Talk about how to tie your shoe laces, and was impressed by how a small change in tying shoe laces made a big change in Mr. Moore’s life.

Ahhh, the frustration!

From now on, it will also make a big change in mine, which I can quantify: Let’s suppose it takes me 20 seconds to re-tie both shoe laces, once per day (I’m slow), and that I will live the average American white male life expectancy of 75.7 years (2006 stats). In that case, Terry Moore saved me a little more than 60 hours between now and the end of my life. I’m grateful for each of those hours.

Ted Talks, YouTube, and numerous media and social media platforms allow us to spread knowledge and progress at unprecedented speeds. 150 years ago, the shoe-lace secret may only have helped one family or one village for decades before spreading to neighboring towns or, more likely, fading from common memory after a blight or epidemic.

As Gary Vaynerchuk notes in his book, The Thank You Economy,  “According to Facebook, as of 2010, the average Facebook user has 130 friends, and the average Twitter account holder has 300 followers, which in total add up to a potential 7,740 people who suddenly have [access to the same information].” If that were my network and all of them were roughly my age, we could count on 19,350 days, or 53 additional years added to humanity’s opportunity to do something other than tie shoe laces. And that’s just based on one average person’s network.

What a gift from Terry Moore to all those who eschew Velcro for old-fashioned laces! More importantly, what a boon for those who wish to tackle even bigger problems, and among the biggest ones, global warming and the need for clean energy.
Take a recent New York Times article about Chicago’s preparations for warmer climate and greater precipitation. The article shows how relatively small changes, such as paving streets with  permeable materials and changing the kinds of trees the city plants, will have enormous impact, saving millions of dollars and potentially many lives. Through the Times’ website, blog posts, tweets, re-tweets and regular old print, the article will reach millions — including city planners in other regions who, a century ago, would probably not have heard about The Windy City’s deployment of new technologies and methods to deal with a commonly-faced challenge.

Plan B 3.0, which I recommend to everyone

In Lester Brown’s Plan B books, the author notes how many small changes can have a huge impact. Lester Brown runs the Earth Policy Institute, whose short paper on Cutting Carbon Emissions 80% by 2020 offers numerous examples of seemingly small changes which, when multiplied, have enormous impact. For instance, “The energy saved by replacing one conventional incandescent 100-watt bulb with a CFL over its lifetime is enough to drive a Toyota Prius hybrid from New York to San Francisco. If everyone around the world made the switch and turned to high-efficiency home, office, industrial, and street lighting, total world electricity use would fall by 12 percent, equivalent to the output of 705 coal-fired power plants.”

This is the power of scale. With social media, that power has shifted from a few global corporations with the ability to market to millions of people, to millions of people with the ability to reach and influence billions.

In a compressed time-frame, thousands of  individuals, including me, will save years by changing one small facet of how they tie their shoes. If we can change the way we tie our shoes, it’s not such a stretch to think we can change our light bulbs, our driving habits, our thermostat settings, and our buying habits to adopt clean-technology solutions at unprecedented rates.

To those who dwell in the past where change took centuries or decades, the 350 ppm (of carbon dioxide) goal  that Bill McKibben, Al Gore and so many others are urging the world to reach, might seem impossible. It’s easy to understand why it would, when you consider the monumental work it will take to get there. But when you consider the power of today’s social networks, such a goal becomes not only possible but realistic. Today, thanks to tying my shoes a little more effectively, I have a few more hours to work on it.

Posted in B2B Technology, Books, Clean Tech, Green Living/Working, Hart-Boillot, Social Media | Tagged , , , , , | Leave a comment

An Interview With Garrett(s)

Fenway Photo

Hello world! I’m Garrett, the new intern at HB. I happen to hail from Illinois; I’m a student at the University of Illinois in Champaign. In order to introduce myself to the HB blog readers I have conducted an interview with myself (below). Under normal circumstances, interviewees are interviewed by an interviewer that is not the same person as the interviewee. However, since the other HB employees are hard at work (as they always are), I have assembled a list of questions to interview myself with. Read on to see the interview, in its entirety.

Continue reading

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Doubt and Debt for College Education?

Me and Jane four years before she's off to college.

My 14 year-old daughter (the oldest) was working on a school project to identify a college and prepare a financial plan to pay for it. Since she’s not too fond of me these days, all I could do was listen-in to Jane and my wife discuss dollar amounts per year for education and room & board. Gulp.

I have four children and 12 continuous years of college to help fund (including 4 years with two in college). And on a quarterly basis, Merrill Lynch sees fit to remind me how far behind I am. This got me thinking about the weight of debt that college students and families (me) must bare upon graduation, and the value or return on investment they can expect.

As it turns out, I’m not the only one thinking about this challenge. A recent report issued by the Pew Research Center indicates that Americans are increasingly doubtful about the value of a college education (See the Report). US News and World Report quoted Paul Taylor, executive vice president of the Pew Research Center and the director of the Pew Social & Demographic Trends project: “There is real concern—growing concern—about affordability and value measured against cost, but a very solid registration of satisfaction [among college graduates] that, ‘This was a good thing I did in my life, and there’s a real payoff to it.’”  However, the Pew report indicated that 57 percent of the 2,142 Americans surveyed claimed that the nation’s higher education system does not offer adequate value in return for increasingly high costs, and 75 percent feel it is unaffordable for the average citizen.

I too am concerned about the cost and the value of education. I read stories about students with amazing credentials that are flipping burgers because they can’t find work and they can’t afford not to work. I am optimistic that something will shift us back on course and College will offer hope and opportunity over doubt and debt. Hopefully this shift happens within the next four years before my decade+ journey into debt begins. Until then I’ll just keep listening in.

Posted in Current Affairs, Hart-Boillot, Higher Education | 1 Comment