Archive for the ‘Innovation’ Category
I’m amazed at what I am learning about business and transportation by observing my 14-month-old grandson. . . . I’ve learned the importance of positive motivation and correcting bad behavior. I’ve learned that we are wired from birth—it’s all about identifying everything, keeping information on everything, moving everything faster, better, cheaper from . . .
Everyone is talking about big data, deep learning, IoT, and more. What’s the GAME plan for big data? I mean, how are you going to Grow And Make Earnings with all that data. How do you turn Data into Information to make an informed Decision so that you can look back and say you DID it.
Mexico, Brazil, Japan, Korea, India, China, and Vietnam have all taken their turns as the low-cost labor, greatest new market for the growth of companies. What’s the next big place for growth? I’d say it’s . . .
One of the principles of statistics is to throw out the unexpected high and low data, to concentrate on the core, repeatable inputs. We are looking for trends, not outliers. Every day, though, I see businesses unable to keep a steady beat to their operation due to some outlier that disrupts them. . . . There’s one more thing to disruption, though. For the small start-up, it’s the key to success. For the established industry participants, it’s a risk for failure and loss of customers and revenue.
The pessimists I know all proclaim, “I’m not a pessimist, I’m a realist!” Really? If perception is reality, then they must be right. . . . The Oregon Story Board is a non-profit at the forefront of training students to be able to use the HoloLens for educational purposes.
What drives your business? Is it driven to produce products like Rolex timepieces? Or is it driven to provide services like State Farm insurance? Knowing what drives you will help you focus your efforts, prioritizing your time and investments and more.
I have to admit that some part of the business person in me is a closet geek. After all, I went to a technical, magnet high school and to a technical college. Yet, there is a direct connection between this and the emotional trigger that causes people to take action and buy something. Watch television commercials, especially for cars and trucks. Speed, performance, and “sexiness” are what are being sold to us. While the technical people at the car companies want to
Technology changes everything. Brick and Mortar style retail is in need of a new business model—and soon. Saving time and money with eCommerce is seriously changing retail, yet hands-on the product is important. The value of hands-on is less than the current cost, so change is needed.
Which do you do? Do you make waves in your industry or region? Or do you surf the waves that others have made? . . . Waves occur in every area of business from Human Resources to Operations, from Quality to Sales, from Accounting to Legal. Be careful in your own strategy that you choose wisely. What looks like a good wave that will take you to shore may turn out to be one that breaks up and swamps you after only a few meters.
Sherlock Holme’s famously said, “‘Eliminate all other factors, and the one which remains must be the truth.’ Autonomous vehicles are all the rage. They should save lives, improve traffic flow, and reduce emissions. But, they are not the only way to solve the problems. We could be overlooking something that Sherlock would consider a trifle. He also said, ‘There is nothing more deceptive than an obvious fact.’ Is there another, more innovative way of solving the problem?