Showing posts with label business management. Show all posts
Showing posts with label business management. Show all posts

Free: The Future of a Radical Price Review

Free: The Future of a Radical Price
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I read the original WIRED magazine article written by Mr. Anderson that this book is based on back in February 2008; I've been anxiously awaiting this book... and I've just finished it.
First off, I've implemented a few "freebies" in the past year that I give away in my line of work; the question was whether it would pay off. It did. I offered something of value (to me, and I believe to my customer) and waited to see if interest in the free item would increase sales of a companion item. Sales were there.
So many people are attacking the book for various reasons, but for me the key question for rating this book was "Is the author's information accurate and can it hold up to real-world results?" The answer is Yes.
A lot of things in the book aren't relevant to me, but I've taken what I can from it (in addition to the original article) and made some changes in how I do business. (I'm a small business owner, not a corporate giant.)
You can agree or disagree with the book's overall theme, but my findings are that the book has a solid grasp on how any business that has any Internet-related sales or support must adapt. The author's argument about how costs are moving to zero for the "bits" world is dead-on.
I find it humorous that so many negative reviews of the book are simply about the price of the book (or the lack of price for some of the free versions). The book is about the concept of Free. Some people are seeing "Free" on the cover and whining that it has a price???
The book isn't light reading - it's got some complicated concepts that the reader must grasp, especially business owners. For that reason, I could never listen to an audio version - I've highlighted my text at various points that I want to come back to and consider how I might use the info with my work.
I give the book 5 stars - I enjoyed it, it gave me much to think about, and I didn't feel (when done) that I'd been ripped off... the value of the information contained in the book is worth much more to me than the $20 I paid.


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The New Polymath: Profiles in Compound-Technology Innovations (Wiley Professional Advisory Services) Review

The New Polymath: Profiles in Compound-Technology Innovations (Wiley Professional Advisory Services)
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Having read an advance copy of Vinnie Mirchandani's The New Polymath, I have to say that it is a riveting read. It's SuperFreakonomics for us technophiles. Because, for better or worse, The New Polymath (who can be thought of as a modern Leonardo da Vinci) must also be an IT guru ... as it is information technology that is paving the way for a new generation of polymaths that have access to unprecedented levels of information across disciplines.
Rather than tell you that this fresh and inviting (Benjamin Fried, CIO Google) book is filled with incredible examples of passionate entrepreneurs (Marc Benioff, CEO [...]), that I am inspired by this book (Maynard Webb, CEO LiveOps), or that Mirchandani is one of the few technology analysts to realize that technology doesn't come in neat bundles anymore (Thomas H. Davenport, President's Chair Babson College), I'm going to talk about The New Polymath's ten rules for success which pop out at you if you read between the lines.
Why? One of the Polymath's chronicled in Vinnie's masterful manuscript is Brian Sommer, technology consultant extraordinaire of TechVentive and renowned ZDNet blogger, who asks "where are the 10 commandments for technology" as he struggles with the challenges of cyberethics that few dare to address. It's a good question, and one that I believe we are not yet ready to answer. Which leads me to ask, "how do we get there"? Well, the first step is to obviously become learned, and successful, polymaths well equipped to ask, and debate, the question. To this end, we need a guide ... a guide that, if you dig deep, is found within Vinnie's terrific tome. To get you on your way, and to inspire you to (pre) order your own copy of The New Polymath, I give you:
The New Polymath's Ten Starting Rules for Success
(because, in reality, there are more than ten ... but these are the biggies).
(01) 1-1-1
Adopt [...] 1-1-1 model: 1 percent employee's time; 1 percent equity; 1 percent product donation. A true Polymath operates in his community, not out of it, and makes a difference.
(02) 80 for 20
Aim for solutions that deliver 80% of the value of previous solutions for only 20% of the price. A new Polymath is about true innovation, not overstated renovation.
(03) Invisible UI
If your product requires a manual, it's not a product at all. A true Polymath produces solutions with UIs so seamless and so obvious that no manual is needed.
(04) Traceability
Every component can be traced back to the source ... even if it's software. (And if it is software, every data element can be traced back to the source.)
(05) Keep Score
Polymaths are responsible and drive for sustainability ... to the point where they keep track of how well they are doing and how much better their inventions are compared with predecessor technology. If it's not more environmentally friendly (and more cost effective, because true green keeps more green in your wallet), it's not revolutionary.
(06) Semantics
It's the age of "big data", and to make sense of it all, we need to find the data that is relevant to us.
(07) Decisions, Not Data
Because, in the end, the entire point of finding the semantically relevant data is to enable us to make better decisions than we could before.
(08) Adopt the "Shamrock" It's Lucky for a Reason
A "shamrock" organization, as envisioned by Charles Handy, is one that encompasses "core management, a long-term but contractual talent pool, and a transient, flexible workforce". We are in the age of networked person, who is used to working on the move, and tomorrow's polymath's will be flexible at the core.
(09) TiaS
Technology-is-a-Service. A Polymath moves beyond SaaS (Software-as-a-Service) and TaaS (Technology-as-a-Service) and embraces the concept that, like power and water, information technology must be delivered only as a service in the world of tomorrow. Just like the utilities deliver our power and water, tomorrow's technology enterprises will deliver our apps, data, and information on-demand as that is what is needed for businesses to truly reach the next level of operations, as technology is not the core competency of most businesses that make use of it today.
(10) The Turing Oath
Brian Sommer notes that we need a Hippocratic Oath for technology, and I agree. We all need to agree to respect and uphold the privacy of our users and their data to the utmost above all else. And I'm calling that the Turing Oath, after Alan Turing who gave us the first test to determine whether a machine had reached intelligence (and, would thus, need to be instilled with ethics from the get go ... and, hopefully, the the three laws of robotics.)
I strongly encourage you to read Vinnie's groundbreaking debut into the world of publishing (other than his prolific blogging over the years over on Deal Architect and New Florence. New Renaissance.) and do what it takes to become The New Polymath. The world of tomorrow needs you, and in fact, so does the world of today. If, like the polymaths chronicled in this book and Nathan Myhrvold (who was the cloth the new polymaths chronicled in the book were cut from), I encourage you to join the Humanitarian Technology Challenge. The world needs you!
This review was originally published on Sourcing innovation at:
[...]

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Praise for The New Polymath"Bravo! In a work that's fresh and inviting, Mirchandani shares withus his case studies in innovation and creativity. It's no small ironythat the 'IT revolution' has created a technology industry that all tooeasily falls back on bromides and received wisdom. Mirchandani inspiresus to return to IT's roots, with the transformative power that comesfrom putting technology innovation in service to business and society."--Benjamin Fried, CIO, Google, Inc. "At DeVry Education, we are focused on the next-generationworkforce that will build the Polymath enterprises of tomorrow. So,it's good to see the book touch on such a wide range oftechnologies--from cloud computing to emerging medicine--that are shapingour curriculum. We are always looking for innovation, including onlineclasses and instructional labs, and this book has got us thinking innew directions."--Daniel Hamburger, President and CEO, DeVry Inc. "In this fascinating book, Mirchandani, himself an example ofthe new breed of Polymaths that he defines, brings into a sharp focusexactly what has been achieved by those who have the remarkable abilityto combine and mix technology elements. An excellent read on multiplelevels: to learn from; to be entertained by; and most of all, to leaveyou wondering what you could personally achieve."--Andy Mulholland, Global Chief Technology Officer, Capgemini "A brilliant read. In order for individuals and companies tofully maximize new century opportunities--and stay abreast of aconstantly morphing technological frontier--Mirchandani not only givesexamples of the Polymath framework, but concrete evidence forsuccessful leveraging. Thanks to technology, we can all be Polymaths ifwe open our minds to the possibilities. Consider this book your guide--Ithink da Vinci would be proud."--Linda Avey, cofounder, 23andMe

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Website Owner's Manual Review

Website Owner's Manual
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Paul Boag's "website owner's manual" is a resource for everyone on a website project team. In it, he champions a refreshingly straight forward approach to planning and designing, building and marketing, and owning and maintaining websites.
According to Boag in a recent article on [...], successful websites begin with business objectives, calls to action and a clear idea of user tasks. What impressed me most is how perfect the concepts in this "owner's manual" are for the business owner considering a new website or website redesign, maybe for the first time.
The logical "road map" presented here for managing a successful website project can painlessly add value to any project when team members, especially stake holders and managers are exposed to it before a project begins. I consider the first 2 chapters on planning a "must read" for all prospective website owners.
The "website owner's manual" makes a great recommendation for new clients or even a gift to help them prepare for a successful website project.

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Many of the people responsible for a website don't have a clue what's required to build one and keep it up and running. The job of planning, launching, and managing a site often falls to people who have little or no experience in web design or development. Website Owner's Manual is for the thousands of marketers, IT managers, project leaders, and business owners who need to put a website in place and keep it running with a minimum of trouble.

Using clever illustrations, easy-to-follow lists and diagrams, and other friendly touches, Website Owner's Manual helps readers form a vision for a site, guides them through the process of selecting a web design agency, and gives just enough background to help them make intelligent decisions throughout the development process. This book provides a jargon-free overview of web design, including accessibility, usability, online marketing, and web development techniques.

Using Website Owner's Manual, readers master the vocabulary and concepts they need to discuss how a website dovetails with the needs of a business. This book will help them work confidently with the designers and developers building and maintaining a site so they can concentrate on what your website needs to do.


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Blueprint to a Billion: 7 Essentials to Achieve Exponential Growth Review

Blueprint to a Billion: 7 Essentials to Achieve Exponential Growth
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I read some stellar reviews on this book and expected it to be a milestone business guide. I was even enthusiastic through the first couple of chapters. However, if you have any business training and have been within 10 miles of a start-up or growth-stage company in your life, this book is pretty elementary. A value proposition, decent leadership, a Board that can open any door in the universe, a couple of mammoth customers - how can a company fail? Those accomplishments alone will get almost any company to a decent liquidity event unless it was all dumb luck. The most frustrating thing about the book is that it's all about "what." This is what makes it seem, as one reviewer put it, as if it were a PowerPoint presentation. It lists out the "whats" that, in retrospect, some very successful companies did. But it leaves out the "hows." Any company would give a lot to have their industry's equivalent of Tom Siebel on the Board. But Tom's number is not exactly in the phone book. So the question is, *how* does a company get those people on the Board? How does a company identify and even get in the door of those marquee companies? While the book gives a few snippets and a case comparison at the end, it really left my practical appetite unsatisfied. Maybe the whole book was a consulting proposal - if you want the "hows" you pay the piper.

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Praise for BLUEPRINT TO A BILLION
"A wonderful, well thought out analysis of entrepreneurship and leadership of a growth company."—Howard Lester, Chairman, Williams-Sonoma, Inc.
"If you dream about growing your business to a billion, this is a fascinating down-to-earth study that you must read. Apply the seven essential principles to your business and you are off and running. Learn about strategy, growth, leadership, team building, and a whole lot more."—Joe Scarlett, Chairman of the Board, Tractor Supply Company
"Blueprint to a Billion is a well-researched and thoughtfully written book that quantifies the growth pattern of America's highest growth companies."—Professor John Quelch, Senior Associate Dean, Harvard Business School
"Eighty percent of the top-performing stocks in the last twenty years were small entrepreneurial companies that had an IPO in the prior eight years. Blueprint to a Billion tells you the seven key things these innovators did in common to become America's greatest growth companies."—William J. O'Neil, Chairman and Founder Investor's Business Daily, www.investors.com
"Thomson has written a masterful work that will catalyze, empower, inspire, motivate, and illuminate entrepreneurs, investors, and policymakers. The world needs this book and will profit from it in manifold ways."—David M. Darst, Managing Director, Individual Investor Group Chief Investment Strategist, Morgan Stanley

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The Future of Management Review

The Future of Management
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When you write a book about the future of management, there are bound to be high expectations. When that book is written by one of the more celebrated management thinkers, those expectations go even higher. With that said and recognizing that it is hard to argue with success and stature. I have to say that this book left me flat. Hammel's Future of Management is a continuation on his 2000 work Leading the Revolution (LTR) which combined high impact statements with high design that reflected the height of the internet era. In many ways, the Future of Management is a more somber continuation of the ideas in LTR.
The first section of the book poses a powerful question in terms of what comes next for management innovation. That is followed by an explanation of the importance of management innovation over operational, product and strategic innovation.The section challenges the reader to first imagine, and then invent the future of management. A noble task and one that the author tries to address but unfortunately does not deliver on to the degree that you would expect.
The second section of the book highlights a few case studies such as Whole Foods, WL Gore, and Google. The cases are well written and unabashedly positive highlighting few of the challenges and setbacks people might face in this journey. A few, even anonomyous failures would have been much more illustrative of the concepts Hamel is advocating.
The third and final section is perhaps the best part of the book as it starts to set up some ideas on what future managers and management might look like. Here the results unfortunately are what you might expect, to paraphrase - the future of management will look much like the internet. OK, but I have heard that before from others. Some of the most insightful parts of this section include: the notion of separating what from how, the idea of management DNA and motivation, and the key challenges he poses in terms of the challenges for the future of management. These challenges hearken back to Leading the Revolution and include:
Challenge 1 - Creating a democracy of ideas
Challenge 2 - Amplifying human imagination
Challenge 3 - Dynamically reallocating resources
Challenge 4 - Aggregating collective wisdom
Challenge 5 - Minimizing the drag of old mental models
Challenge 6 - Giving everyone a chance to opt in
The fourth section concentrates on IBM's Emerging Business Opportunities or EBO process and how the company was able to reignite its growth engine by managing new growth initiatives and taking R&D to the market. It's an interesting case study and a good way to wrap up the book.
The future of management is an ok book, more like a toned down east coast consumable version of leading the revolution. This is a book for thinkers rather than practioners. This is one of the reasons why it is not a 5 star rating from me. Hamel attempts to be somewhat Druckeresque, if that is a word, but does not pull off the deep systematic thinking that Peter Drucker did so well. Pushing this analogy, the style of The Future of Management is 80% Drucker and 20% Tom Peters. For me, Hamel's groundbreaking work is still Competing for the Future. If you are a fan of Leading the Revolution or a fan of Hamel you will buy this book and like it. If you are a reader studying the issues and challenges of management you will find that Hamel raises more questions than he answers and that many of the answers are ones that are already out there in the marketplace.


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The House Advantage: Playing the Odds to Win Big In Business Review

The House Advantage: Playing the Odds to Win Big In Business
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We're not designed to think unemotionally nor about abstract statistics. But Ma's book shows us that if we do learn to do so, we can achieve something we are designed to pursue--success. This book outlines and explores just how to do that. It's a great read for various demographics: the not-so-business savvy who wants to become so; the "layperson" looking to find ways for making better life-decisions; or the expert businessperson looking to uncover an edge in bringing down their own sort of house.
Ma describes things for the reader that will get you up to speed on both your gambling--i.e. the nuances of 21--and your business-speak--i.e. I finally learned what an option is and then how it relates to volatility and the Mexican economic crisis' affect on the U.S. dollar--without turning the expert off in either arena. Not an easy task as a writer and is done exceptionally well here.
The book is of the same genre as Lewis' Moneyball (a book Ma cites as life-changing in the Acknowledgments). Ideal for the neophyte interested in economics, finance, etc., combining the highfalutin world of casino gambling with modern day finance. In a sense, Ma urges us to put our faith in something that we believe in--which is rooted in clear thinking and statistics--and forge ahead, regardless of the valleys that may occur in the arena of "ups and downs."
Ma uses well-told personal anecdotes to explain cognitive errors common in academic psychology such as the gambler's fallacy and confirmation bias. Clearly not a man of superstition, frowning up on the "same-roller" phenomenon in craps and the concept of `statistical atheist', making sure the reader knows he's not involved in magic or some form of voodoo. Instead, he employs a more stoic approach that follows the logic--follows the math--and never gives up.
This book isn't just fun, it isn't just interesting (though it is both of those) but it's also something that will help the reader make better decisions both inside the business world and out.

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Good for Business: The Rise of the Conscious Corporation Review

Good for Business: The Rise of the Conscious Corporation
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The world is rapidly changing and those companies that recognize how and why will have a better chance to excel in the future. Consumers, prospective employees, investors, and governing bodies all have higher expectations of companies than they did in the past.
Good for Business lays out 4 cornerstones for successful businesses of the future- (1) having a purpose beyond profit,(2) a people-centered culture, (3) a sustainable approach to business, and (4) respect for consumers' power.
Good for Business is loaded with data, real world examples, and case studies which persuasively support the author's thesis. A wide range of companies such as Zappos, Wal Mart, Green Mountain Coffee, and The Container Store are featured.
Written in a conversational, enjoyable to read style, Good for Business is one of the best business books of 2009, and I highly recommend it.

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In order to satisfy the heightened demands of today's more powerful consumer, corporations from Wal-Mart to GE are undergoing an evolutionary transformation in the way they do business--from their operations and strategies to their relationships with customers and communities. In this timely book, two top branding experts team up with a highly regarded specialist in corporate culture and a leading global search consultant to illustrate how the most dynamic and promising companies of today are charting a new path for the corporate brand of tomorrow. Good for Business outlines four key elements that will serve as the cornerstones of the most successful businesses of the future:

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