A Growing Business Is A Smarter Business: It Seeks Answers Hidden In Data!

This discusses the importance of uncovering, gathering and using Business Intelligence data to help grow business. This is the process that leads to revealing Business and Market Trends and presenting this information to Decision Leaders across all functions within the business to facilitate making consequential rapid tactical and strategic decisions thereby swiftly implementing intelligently driven responsive course corrections in an ever continuous “measure=>review=>decide=>implement=>repeat” progressive cycle to gain niche advantages and profitability within the ever changing environment throughout the ever growing Global Marketplace within which all businesses operate today. And here again, MISSI can help.

CAx tools in the context of product lifecycle ...
Product Lifecycle Management

A growing business is a smarter business: It seeks answers hidden in its data! Most businesses today that are actively producing products and/or services quickly build up a vast collection of data but often the value inherent in that data pool is neither recognized nor accessed as the potential gold mine resource that it really is; as a source of business intelligence to help the business grow. Inherent business value remains hidden in data, untapped instead of being mined and shared for its business intelligence benefits.

Typically, the key difference between a business facing growth versus one facing failure, stagnation and Continue reading “A Growing Business Is A Smarter Business: It Seeks Answers Hidden In Data!”

Monoculture: The Hazard We Face Developing A Monocultural Youth

The old adage that “Ye Shall Reap As Ye Shall Sow” is so true even without Biblical connotations and this article is not going to get into any of that here: Nonetheless, this principle applies as a maxim of which we should all be aware and live by.

Accordingly, it is my contention that we are now unwittingly reaping the consequences of having made some very poorly thought out, short-sighted yet seriously impactful decisions and choices that have led up to us now effectively short-changing our children and the youth of today which, in turn means we have set out to short change ourselves as a nation.

This comes, at least in part, from our having abrogated our responsibilities for educating, guiding, mentoring and molding them towards becoming effective, capable, self-sufficient, creatively productive adults: It is my view that we have bred a host of monoculturally limited young people with consequent limited ability for innovation and critical thinking. This article explores some of the possible reasons for this conclusion as an extention of data gleaned from personal experience and from recently published related material.

English: Bag of trouble The next generation of...Monoculture: The hazard we face developing a monocultural youth is quite real and also really quite not understood. More and more through successive upcoming generations of our youth since the early 80’s, we have successively reduced training the capacity for critical thinking as we have cut back on education. The old adage that “Ye Shall Reap As Ye Shall Sow” is so true even without Biblical connotations though this article is not going to get into any of the latter aspects here.

This principle of reaping what is sown applies in life as a maxim of which we should all be well aware and live by; it is also the underlying idea used to Continue reading “Monoculture: The Hazard We Face Developing A Monocultural Youth”

Starting, Building, Growing, Turning Around or Selling/Merging Your Business? Could You Use Some Help? What Kind?

Growing any business in any financial environment – good or bad – is a continual experimental, and incrementally developmental, process; a “work” that is continuously “in progress”, a journey without end if handled correctly. There is a constant need to monitor and analyze direction and results: What is working? What is not? At MISSI, here we are looking to discover, define and evaluate the real needs of entrepreneurs seeking help in resolving business development challenges by seeking feedback from that audience.

Growing any business in any financial environment – good or bad – is a continual experimental, and incrementally developmental, process; a “work” that is continuously “in progress”, a journey without end if handled correctly.

New Business Plant Skeleton
Building a business from bare green-field site to fully operating production enterprise

There is a constant need to check and analyze direction and results: Is the mission still meaningful? Do we even have a quotable, believable and workable mission for our business? Are purpose and goals still relevant? Is the intended audience (market, customers) still open to expansion for our particular collection of products or services or is it shrinking as was the case for Buggy Whip makers in the early days of Automobiles replacing Horse Drawn Carriages. Is the revenue stream a net-cash-inflow and is the net profit margin and business equity value growing and capable of further growth … or not? So many questions that we must continuously ask ourselves, get answers and review to make sure our business direction is upwards and not stagnating or going downwards. Continue reading “Starting, Building, Growing, Turning Around or Selling/Merging Your Business? Could You Use Some Help? What Kind?”

Team Meritocracy? Team Diversity? ~ Can the former be achieved if the latter is a constraint?

There is a well know aphorism – because it represents a sad but true reality – that “First rate people tend to hire only other first rate people whereas, second rate tend towards hiring third rate and on down the line”. First rate people know who they are without either arrogance or fear: Not afraid that someone else might challenge them in their work or position, humble in their attitude towards team-mates and others and always keen to help and support where help and support is appropriate whereas, as you go down the line, you find that the second rate and, more and more so with those one would rate lower, tend to be more concerned about their position in the game and with whatever they can take from the game than they are about their contribution to the game. By “rate” I’m referring to overall performance capability and team integration characteristics, not just academic and skill based qualifications.

“Lessons Learned: Why diversity matters (the meritocracy business)”

Preamble:
First let me acknowledge that the above subtitle has been taken directly from the title of a blog posted originally in February 2010 by Eric Ries ~ @ericries the guru (along with Steve Blank @sgblank) of #lean in web start-ups ~ that came back into focus recently; an event that was the stimulus to write this blog and which led to the choice of wording for the primary title for this blog. More about this below.

In the course of this edition of the MISSIcom blog, and in the context of the title and sub-title, I want to discuss with you some of the related issues underlying such key staffing considerations as I perceive them: Recruiting and Maintaining the best and the brightest; what are the factors to be considered in the effort to achieve a Meritocratic team comprised of an appropriately Diverse group of recruits? Is the goal of building a meritocratic team even capable of achievement if diversity has also to be achieved or are these actually mutually exclusive objectives? What do we mean by meritocracy and what do we mean by diversity?

In regard to recruiting processes, this discussion is not just about being, or even about attempting to be, politically correct in our choices of candidates or even about functioning appropriately under the directives of Affirmative Action nor is it about discrimination or avoiding discrimination per se albeit that we are naturally obliged ethically and morally as well as legally to bear such issues in mind when making recruiting choices. This is about how, in reality as individual human beings charged with responsibility for putting together a team, we most often tend to go about achieving what we individually consider to be a well balanced team of the best, brightest, appropriately most capable staff for most effectively achieving the objectives we have at hand while knowingly functioning within the bounds of these various constraints. Continue reading “Team Meritocracy? Team Diversity? ~ Can the former be achieved if the latter is a constraint?”

Is (packaged) Business Intelligence (BI) Software Coming Up Short?

The article quoted below was written by David Needle and published April 29, 2010 on the “IT Management” website at: http://itmanagement.earthweb.com/datbus/article.php/3879316

The article directly addresses a principle limitation of BI tools: The information presented to Decision Makers typically begs addition questions that then require asking IT for further reports to clarify the underlying issues so that intelligent decisions can be made based upon facts rather than intuition. This is exactly the kind of support that MISSI provides to our clients; The article does a good job of explaining why even if you already have BI tools available, you still additionally need the kind of business related knowledge and experience skills and services that we provide to help you make profitable decisions. Our people work directly with your people to provide the kind of BI you need to achieve profitable results. This all fits perfectly within the scope of our passion for growing business: It’s part of the strategy of mapping out where you are so you can compare with where you want to go and where you actually may be headed which may not be where you actually want to go. Without clear data, there can be no way to reliably chart your course and stay on course moving towards your goals.

Business Intelligence software can play a vital role in helping IT and knowledge workers get a handle on increasingly huge warehouses of customer data and other information critical to their sales and overall business. But does that go far enough?

In many cases, the answer is no. Continue reading “Is (packaged) Business Intelligence (BI) Software Coming Up Short?”

Never enough hours in the day when following ideas!

So many things to accomplish; so little time to accomplish them: How to manage use of time is key to successful accomplishment of objectives.

Note that we say “Manage Use of time” and not “Time Management”: No one has yet succeeded in managing Time itself ~ Time just is; it just keeps ticking away whether we are having fun or not. However, how you “Use Time” is very amenable to planning hence managing how you use this irreplaceable asset is just one key to reaching success.

That said, nothing beats having a plan apart from creating a plan BEFORE diving into the next big objective. So where do we go from here?

So many things to accomplish; so little time to accomplish them: How to manage use of time is key to successful accomplishment of objectives.

Note that we say “Manage Use of time” and not “Time Management“: No one has yet succeeded in “Managing Time” per se; however, how you “Use Time” is very amenable to planning hence managing how you use this irreplaceable asset is just one key to reaching objective success.

That said, nothing beats having a plan apart from creating a plan BEFORE diving into the next big objective.

So let’s quickly consider what needs to be addressed within a plan: Continue reading “Never enough hours in the day when following ideas!”