Business Accelerants Blog
Nearly half the year has gone by now. It’s time to take stock of what has happened in the first half, adjust tactical plans for the second half and generally check the health of your business. When you visit a doctor, you will be asked a lot of questions to assess your health. Your business should not be so different. You have many key performance indicators, just as the body has key health metrics.
The price is right if your Value Improvement Proposition (VIP) compared to your price (your Value/Price ratio) is greater than 1. … Maybe, it will make them say, “WOW!” in a good way. On the other hand, I recently said, “WOW!” when buying a small replacement part for my wife’s car this week. … I was shocked by a multiplier of,
I was a cast away as a kid—the last one to be picked for the softball teams; the one who spent lots of time alone reading; great with focused concentration, but given to making statements that got me into trouble or hurt others. Guess what? I became an engineer. But, that’s not the end of the story. To advance in the business world, I had to learn to be social.
On April 29, I’ll be discussing Over The Air updates to computers. You can listen in to the free webinar (http://bit.ly/1CZz2s4) put on by the Technology and Maintenance Council , a trade association I’ve been part of for more than 25 years now. The focus will be on updating the software in the many computers on a car or truck. That got me to thinking about all the other things we do to keep up-to-date, and some of the problems. Let’s look at it in the areas of software, physical, personal, and professional.
In several areas, I’ve run across 5 C’s that are important. For diamonds, the 5 C’s are Carat weight, Cut, Color, Clarity and Certification. I suspect most women know this one vary well. For diesel engines, there are also 5 C’s: Cylinder block, Crankshaft, Cylinder Head , Camshaft and Connecting rod. What might the 5 C’s for business be? Certainly, something to do with Cash, but what else?
I was recently struck by the invasion of the Internet of Things to this world, where most people have their feet on the ground and transportation is where the rubber meets the road. I’m sure there are some that don’t believe it. But, technology solves some problems and improves operations. we don’t always look kindly on those who are starry-eyed or have their heads in the clouds. But, that IS the future. Your profits will be sky high up in the clouds.
We take risks every day. The risks can be small, such as taking a shower or crossing the street. They can also be average such as rolling through a stop sign, speeding or texting while driving. (I actually hope you see these as more risky than average.) Rarely do we do things that are very risky, such as driving while under the influence, trying to do something physically that we’ve never done before that can hurt us seriously, or taking all our money and putting it on one number of a roulette wheel. So where on this scale of risk is buying new technology that will…
Which way do you look at the world of modules, components, systems, and eco-systems? Do you want open architectures and open standards or do you favor tightly controlled interfaces? Which works better and gives you a seamless, extraordinary experience? Do you think integration is GREAT or does it GRATE you in some way? I’ll bet…
Financial success only comes when you figure out what customers want and how you can provide it profitably with the help of suppliers; when you deal effectively with business disruptions and how to differentiate yourself from the competition, while living within the rules and capitalizing on changes in technology. These are the basics, though it may seem complicated. In the world of science and engineering, the basics often revert to the equation F=mA, where the resultant force equals the mass times acceleration. In business, the basic is…
Why would anyone not want to work smarter by using the smarts in their brain? I certainly do everything possible to continuously improve everything I touch. I tell people I am inherently lazy, therefore I want to find ways to work smarter, not harder. In this respect, I want to do Whatever It Takes to Succeed. Whoa–is that ethical?