Businessweek also has another article predicting 10 things that may happen in 2008. Another good read and interesting stuff. Following is the list. Please read the detailed article by following the link below.
- Green Crisis
- Airline Consolidation Begins
- Bloomberg’s Historic Run
- Bye-bye, CDs
- Facebook Fatigue
- Finally, Internet TV
- The Biggest Bribe Penalty Ever
- Web Crash 2.0
- Crude Oil Will Top $100
- Big Brother Fears Return
Ten Likely Events in 2008
Read a good article on businessweek.com. They have predicted 10 things that won’t happen. It is amazing because people like to predict things that will happen. Here is it other way round but it is really interesting stuff. Following are the predictions. Please read the detailed article by following the link below.
- The writers won’t win the current strike
- DreamWorks isn’t going to leave Paramount after all
- Apple won’t reinvent TV viewing
- Juno won’t win an Academy Award
- Google (GOOG) won’t buy a media company
- Indiana Jones won’t be the biggest film of 2008
- Katie Couric won’t quit
- The Disney-Pixar deal won’t implode, Part Three
- Fox Business News won’t close shop
- MGM won’t be the first Hollywood studio to get sold
Ten Things That Won’t Happen in 2008
Business Week has started a great new section on their website on Management. The section covers managing career, team, company and board. It is a great site with some good case studies and videos. I have subscribed to its blog too. Hopefully the site will have tons of good information going forward. J
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Yesterday I graduated from UNC with my MBA. You can read more details at http://sudsblog.com/?p=331.
Management is all about connecting with the people on your team. So how do you effectively manage a team? You can read more about this at insidecrm.com. Following is a link to the original article (read more).
It is difficult to innovate something new. It is more difficult to identify which innovations to fund and most difficult is to make money out of new innovation. I have been writing some posts related to innovation. Following is summary of all the posts related to Innovation.
Identifying and Making Money from Innovation
Planning and Managing Innovation
There are 4 types of professional practices
- Pharmacist: Where customers know what like an aspirin and they want it at lowest price.
- Nurse: Here the focus is not just on providing aspirin but on ability to council and guide the client through a process. Customer wants to be involved in decision making process
- Brain Surgeon: Here customer has a problem and he wants a solution from a expert. He does not want to know how you get the solution.
Psychotherapist: In this case customer has a serious problem for which he needs and expert but he wants to be part of the process of solving the product.
Hiring: Interpersonal Kills stressed
Training: Formal including role plays of client situations
Promotion: Limited if remain in this box
Ownership: Profit sharing, but little equity sharing
Hiring: Very Selective experienced experts with industry experience
Training: Experiential if any
Promotion: Up or out in short time frame
Ownership: Broadly shared
Hiring: Paraprofessionals and other low cost resources
Training: Formal, Structured
Promotion: Few Opportunities
Ownership: Closely help
Hiring: Best and brightest from top schools
Training: Informal, apprenticeship
Promotion: Fast track, up or out
Ownership: Partnership or “Open Equity”
Source: What kind of provider are you? (True Professionalism). Free Press.
5 Why’s is a Japanese problem-analysis technique that asks ‘why’ five times when reviewing a problem or situation, with the belief that by the fifth ‘why’ the root cause will be discovered.
5 Whys is a question asking method to determine the root cause of a defect or problem. The five iterations are not gospel, rather it is postulated that five iterations of asking why is generally sufficient to get to the first cause. The real key is to encourage the troubleshooter to avoid assumptions and logic traps and rather to trace the chain of causality in direct increments from the effect through any layers of abstraction to the first or root cause.
Aggregate project plan enables management to improve the way it manages the development function.
Following are eight steps of an aggregate project plan
- Define project types as either breakthrough, platform, derivative, R&D or partnered projects
- Identify existing projects and classify them by project type
- Estimate average time and resources for each project type based on earlier experience
- Identify existing resource capacity
- Determine the desired mix of projects
- Estimate the number or projects that existing resources can support
- Decide which specific projects to pursue
- Work to improve development capabilities
Source: Creating project plans to focus Product Development by Steve C. Wheelwright and Kim B. Clark (HBR: 92210)
This is from an article I read today “Skills that make up executive intelligence”
- Pursue feedback that may reveal errors in their judgments and make appropriate adjustments
- Recognize when serious flaws in their ideas or actions require swift public acknowledgement of mistakes and dramatic change in direction
- Recognize their personal biases or limitation sin perspective and use this understanding to improve their thinking and their action plans
- Appropriately articulate the essential flaws in others arguments and reiterate the strengths in their own positions
- Recognize when it is appropriate to resist others objections and remain committed to a sound course of action.