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Monday, April 11, 2005
IBM's Business Transformation
Business Week writes about IBM's focus on business transformation services: "BM, with its legions of PhDs and closets full of patents, is not built to duke it out with the likes of Dell. Palmisano's strategy promises a neat escape. Instead of battling in cutthroat markets, he takes advantage of all the low-cost technology by packaging it, augmenting it with sophisticated hardware and software, and selling it to customers in a slew of what he calls business transformation services. That way IBM rides atop the commodity wave -- and avoids drowning in it."
Emergence Effect
Kevin Werbach nicely summarises what we are seeing around us: "Something that gets me quite jazzed these days is the way so many innovations are linking up and leveraging one another. It's not just, 'hey, check out that cool company!' Blogs, search-based innovations, tags, and so forth allow both new startups and established platforms like Google, Amazon, and Yahoo! to build on one another. The emergent whole is greater than the sum of the parts."
Corporate RSS Made Simple
Corporate RSS - Applied has some ideas "for corporate RSS feeds to external constituents including; your partners, your vendors, your customers, remote employees, etc. "
Enterprise Software
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Very nice link... Look forward to reading more on those lines...
The Costs of Long Tail Businesses
Kevin Laws writes that "when individual transactions are very small, non-monetary costs dominate."
General
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Very significant factor but it is a catch-22 for business as well..
TECH TALK: When Things Go Wrong: The Journey’s Pitfalls
As an entrepreneur, I have made more failures than successes. And that is probably true for most entrepreneurs. No one starts contemplating failure, but for various reasons, failure ends up being an integral part of the terrain. So, dealing with failure becomes an important challenge for entrepreneurs – one that decides whether they work towards eliminating their errors and redoubling their efforts to succeed, or they quit the field and take up employment elsewhere. When things go wrong, the only person who can set things right is the entrepreneur – because it is the entrepreneur who knows why the business got there. Unlike professional managers who can leave (or get fired) if things don’t work, an entrepreneur cannot walk away. The battle has to be fought – and won. There is no escape route. Entrepreneurship is a one-way street – the only way is forward. And that is what makes it so exciting. Ask entrepreneurs and they will gladly tell you that they’ll do it again. Entrepreneurs think that they will succeed even through the odds are stacked against them. The story of entrepreneurship has more failures than successes – and yet this is a reality that no entrepreneur will accept! When things go wrong for entrepreneurs, it is a time for deep introspection – and action. This Tech Talk series is about those difficult times. I have experienced more than a handful of such periods. Each is like a crucible experience. When one is going through that challenging patch, it is hard to imagine how business and life could get better. There are few people one can talk to. At times, it is even hard for oneself to accept that the business is failing – or has failed. It is like part of a train wreck that is happening – in slow motion. While entrepreneurs can take many steps to try and avoid failure, one needs to accept that failure is part of the game. Things will – and do – inevitably go wrong. That is the path the entrepreneur treads on – by choice. Of course, one does not naturally set oneself up for failure. But, inevitably, failure happens. A wrong decision, a series of seemingly inconsequential actions, an external event – it could be anything that can cause a business in its early stage to land into trouble. While one can argue that it is the entrepreneur’s errors which have caused the situation, one needs to also look beyond that. It is also times like these that bring out the best in some entrepreneurs. This is what, as they say, separates the men from the boys. These are the situations which are like a trial by fire for the entrepreneur – provided the trying times can be tackled. It is rare to find an entrepreneur who doesn’t have stories about the difficult times. More often than not, we try and forget about them – like a bad dream. But these times are not easy to hide away in memories. For anyone who has gone through them, these are the days when all one can think of is negativities and collapse. And yet, one has to deal with the situation – one day at a time, one event at a time. Tomorrow: My Failures
Tech Talk
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Very poignant thoughts indeed, coming from a thouroughbred entrepreneur.. It's cool site please visit our site.http://www.tristatemeds.com |
It is a very interesting topic although some may term it as old vine in new bottle or vice versa. We have traditionally had Biz Process engineering, biz process reverse engineering, biz process re-engineering, biz process forward engineering and now biz process transformation..
Posted by Krishna IyerSo is transformation a form of engineering .. Definitely.. Engineering does mean to engineer a thing/product/service to a certain target.
It is just jargonry at play and of course those in consulting ( read BIG 5, SAP consultants, Siebel consultants et al ) have known this trick in book for years.. IBM has set off a trend.. sell software dirt cheap and sell implementation consulting by an expensive hourly rate.. In car business also, dealers dont make much on car sales, but more on spares and recurring servicings..
I did read an article on IBM's internal BPT project in Computer mag, and feel it is definitely the forward path. We need to rework existing biz processes,efficiencies,domain knowledge rather than introduce totally new ways which throws things out of gear and causes immense sufferring to one and all.
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