Archive for the ‘One Page Thinking’ Category
Engineering your way out of the recession
Like you, I have been thinking a lot about the recession. We all want to know how to move ourselves to the other side, where things are somewhat normal (the old normal, not the new one). Like usual, my mind immediately goes to products. To me, having the right products is vital to pulling ourselves out of this thing. There is nothing novel in this thinking; I think we all agree that products are important. But, there are two follow-on questions that are important. First, what makes products “right” to move you quickly to the other side? Second, do you have the capability to engineer the “right” products?
The first question – what makes products “right” for these times? Capacity is important to understanding what makes products right. Capacity utilization is at record lows with most industries suffering from a significant capacity glut. With decreased sales and idle machines, customers are no longer interested in products that improve productivity of their existing product lines because they can simply run their idle machines more. And, they are not interested in buying more capacity (your products) at a reduced price. They will simply run their idle machines more. You can’t offer an improvement of your same old product that enables customers to make their same old products a bit faster and you can’t offer them your same old products at a lower price. However, you can sell them products that enable them to capture business they currently do not have. For example, enable them to manufacture products that their idle machines CANNOT make at all. To do that means your new products must do something radically different than before; they must have radically improved functionality or radically new features. This is what makes products right for these times.
On to the second question – do you have the capability to engineer the right products? Read the rest of this entry »
Can CEOs meaningfully guide technology work?
Leading, shaping, and guiding technology work is hard, even for technologists who spend all day doing it. So, it seems the all-too-busy CEOs don’t stand a chance at effectively shaping their companies’ technical work. And it’s not just the non-technologist CEOs who have a problem; the technologist CEOs also have a problem, as they don’t have sufficient time to dig deeply into the details or stay current on the state-of-the-art. So, as a CEO, technologist or not, it is difficult to meaningfully lead, shape, and guide technical work.
So why is this technology stuff so hard to shape and guide? Well, here are a few reasons: technologies have their own set of arcane languages, each with many dialects (and no dictionary); they have their own technology-centric acronyms that technologists mix and match as they see fit; and they are full of long-forgotten formulae. And these formulae are composed of strange math shapes and symbols. And, as if to elevate confusion to stratospheric levels, the math symbols are Greek letters. So, literally, this technology stuff is written in Greek. So what’s an all-too-busy CEO to do? Read the rest of this entry »