Just browsed through this book, while trying to figure out what makes some companies better than others. Few observations from that walk through:
Topic is little different compared to the current quarter economy. Collins and Hansen decided to study companies which have successful track record of 15+ years compared to stock market and relative to industry where they operate. Environment of these studied companies was turbulent and they survived from small start to 10x position.
Seeking for maximum growth during good times was seen as bad thing, because it would make company vulnerable during bad times. Writers seem to promote consistency as basis for good long term success.
Fire first bullets then cannonballs approach: low-cost, low risk experiment or testing should be done inorder to validate what will actually work. Resources should be concentrated to effort only after figuring out that goal is reachable and potential return is high enough. Less innovation is enough as long as efforts are directed wisely.
Good companies exercise productive paranoia, obsessing about what can go wrong. This approach will balance their risk taking for better results. Taking time available, before risk profile changes, for careful decision making, seem to produce better outcome, than rushing a decision. SMaC: Specific, Methodical and Consistent. SMaC is giving clear guidance regarding what to do and what not to do.
I think one of the key ideas was that good companies can utilize luck for results, seizing the opportunity. Better companies can even turn bad luck into good results.
This book was definitely interesting reading. Trying to figure out how those lessons learned could be turned into practical results in today’s fast moving business life.
Scope and efficiency of cloud based solutions and developmet are boosted up. As integration to cloud environments becomes easier and safer through cloud interface, new innovative ways to utilize cloud become possible. We get over either or attidude.
Real time capacity scaling is now treat for few, but soon it should be part of any cloud set up. At same time platform virtualization standardizes and we start to see real offering in arena called platform as a service (PaaS). Currently many offering are developing, but each has their different merrits and handicaps. Business solutions offering as software as service (SaaS) becomes mainstream. In this arena we already see many significant moves, but so more focusing into few specific processes like CRM or billing.
Discussion around “bring your own device” is quite heavily focused into devices and whether those should be allowed or not. I think the key question is do organisations want to make their services available any time, any where. After answering yes to that question, it really does not matter any more who brings the device (naturally the security concerns need to be taken care).
I think that services that are openned to be available out side organzations office network are increasing productivity. They are not so weird thing either anymore as there are readily available services like salesforce.com and other real SaaS solutions also handling companies key assets: customer information. So why not consider similar approach for other services too?
People like to be experts, it is stated. Thus they want to share their expertice in restaurants, shops or different products among their peer group. This works conveniently for online services seeking relevant content.
It is also said that people like to utilize insight provided by those they trust as part of their purchase decision process, but there is a catch.
Challence 1: What is the motivation of the expert to create evaluations? Does volume go over quality? What is the relationship between expert and the target evaluated? These are not always clearly visible for those utilizing evaluations. Thus evaluator profiles become increasingly important for end user to be able to check relevance of evaluations.
Challence 2: If you want to use evaluations created someone you trust to have judgement, how do you find that among wast ammount of evaluations? Some services offer opportunity to prioritize those who belong to your own social media circles, but you do not neccessarily have an expert among people you know for all purposess. For these situations it would be neat to be able to select evaluations based on your own profile: people with similar values, preferences etc.
When tackling these challences in the back ground there is always the rude fact of small ammount of evaluations or limited capability to filter those. Usually inorder to get relevant and fresh evalauation, categorization of them is not really possible, because of limitted ammount or limitted information of evaluator to base categorization (language, date and stars is quite limited).
People have now many new tools they can utlize for social networking and communication.
It will became increasingly easy to broadcast to many target groups, but at the same time, as communication is two directional, it will became more difficult to master all utlized channels. This will have interesting impact on popularity of different channels and the audience available in those.
People make personal information increasingly available into online services. A study done by Bovitzin shows that 70% of young and 77% over 35 years think that their private information should be kept unavailable. At the very same time over half of these people are willingly providing they private information to online services. Reason for this behaviour seem to be that people believe information exchange as integral part of social media. Interesting to see how this develops as utilization of shared data increases and both positive and negative effects become visible.
Open data provides new bulk source of infromation that can easily lead to new innovative online solutions as barrier of entry is getting lower. Ammount of open data sites is increasing rapidly as governments see increasing utilization beneficial for businesses and thus local economies.
Scoopshot is excellent example of information collection with crowd sourcing. Similar approaches are utlized in review sites, which make their users as content providers. This enables better coverage of online services also in not so dencely populated parts of real wolrd.
Information technlogy has both implementing and enabling roles in organizations. Equally technology trends have impact into business development and new opportunities. New business trends can open up new ways to utilze and benefit from information technlogy.
Kasvun paikka tells about marketing and how that is utlized for business growth.
First step is now done as the page is up. Now little fine tuning and then into real topics.