Uptime or Downtime? How Do You Manage Boredom
Genius 7 June 2018
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Posts Tagged ‘New Product Development Projects’
The Model T Ford Project: A “Model” for Product and Process Innovation
Genius 20 July 2017
(5 votes, average: 3.40 out of 5)
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Up until the early 20th century the world viewed the automobile as a luxury item built for the elite of society. Cars were complicated in their use and required a significant investment that the average person could not afford. Then in 1908, Henry Ford introduced the Model T Ford that did not only revolutionize the world’s perspective on personal transportation for the masses but also re-invented the manufacturing process still applied over 100 years later. Although we have seen improvements to his original process, with the development of lean manufacturing, JIT, Six Sigma, Kanban, and others, the core philosophy of […]
The Power of Demand in Project Management
Genius 4 March 2017 (1 votes, average: 5.00 out of 5)
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The other day I read an article on how Charlie Sheen set a new Guinness World record by reaching 1 million followers in the shortest amount of time. With the power of technology, Sheen opened a Twitter account and hit the “1 million” milestone in 25 hours and 17 minutes. My first thought was – it is amazing the incredible appetite people have to be connected to latest news covering their topic(s) of interest. Although the Sheen example is an extreme scenario, it does provide insight into the cyclical nature of humanity and the dynamic between people’s wants and needs […]
Although Bill Gates sees “Ctrl+Alt+Del” as a mistake, for many organizations it is a critical feature for the success of their projects
Genius 30 September 2013 (2 votes, average: 5.00 out of 5)
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Recently in the news, a Harvard University Interview with Bill Gates has piqued the attention of the technology world in which Gates admitted that the Ctrl+Alt+ Del command perhaps was a mistake in design. He stated that although he suggested a single button to turn on or re-boot PCs, it was IBM’s designer who had required the 3 key combination. That being said, Ctrl+Alt+Del went on to be famous for helping fix the common “Blue screen of death” we’ve all encountered during the many PC crashes over the years. More than the actual function Ctrl+Alt+Del performs, the command has become […]
Discount Fighter Jets – the “Walmartization” of Government Projects
Genius 17 September 2013 (1 votes, average: 5.00 out of 5)
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In a world where bargain discounts and factory outlets have captured the attention of today’s budget conscious consumer, it’s not surprising that based on today’s global economy, governments (and to be more specific – the US government) are also looking for ways to cut costs. As a result, believe it or not, there is company who is in the process of developing a fighter jet that would save the Pentagon $1 Billion in fuel alone annually on low tactical missions that are costing them $25,000 in fuel for every F-16 Jet led into these missions. Textron AirLand was formed to […]
Do you want to hop on the Hyperloop? A trip with the Jetsons may not be as quick as Musk suggests
Genius 16 August 2013 (1 votes, average: 5.00 out of 5)
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Famous technologist and billionaire Elon Musk (co-founder of PayPal) has recently promoted his idea of changing the landscape of travel with his futuristic Hyperloop concept that suggests that for the fraction of the cost ($6 Billion) than the current railway project in California his solution will deliver commuters to their destinations in half the time of commercial flights. The idea is to build a “Jetsons-like” tubular route in which passengers of six would be launched every 30 seconds in enclosed aluminium pods travelling supersonic speeds to their destination. Although it all sounds a bit unreal, most of the technology he […]
A $20 cardboard bike? What “Crowdfunding” can teach project managers
Genius 5 July 2013 (1 votes, average: 5.00 out of 5)
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With both Indiegogo and Kickstarter websites attracting start-up projects around the world, the ability to leverage the ‘micro-investments’ of thousands around the world has not only empowered many business ventures regardless of location or connections, but has also delivered valuable consumer insight and market research that has been typically too expensive and difficult to achieve with the limited funds most start-ups have. The concept of crowdfunding has leveled the playing field allowing the value of projects speak for themselves and efficiently engage markets to be true accelerators for growth. Beyond the obvious financial benefits to crowdfunding, the idea of attracting […]
The Tumblr Story: How to build a successful culture for project success
Genius 24 May 2013 (1 votes, average: 5.00 out of 5)
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With the recent acquisition of micro-blogging site Tumblr purchased by Yahoo at an estimated $1.1 Billion, many in the technology space are scratching their head in amazement trying to piece together how a company that generated $13 million in 2012 can fetch such a high price tag. Mind you with currently over 109 million blogs and the cult following of its 26 years old founder David Karp, it is obvious that Yahoo’s intentions are focused on rejuvenating its brand aimed at a more relevant audience. In a world where the Yahoo brand remains as “hip” as My Space, Yahoo CEO Marissa […]
Groupon’s Troubles: Proof that the people behind a product can make the difference
Genius 4 March 2013 (1 votes, average: 5.00 out of 5)
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In the latest in tech news, Groupon CEO and co-founder Andrew Mason was recently laid off adding to the already Management issues that has been plaguing the internet giant since its IPO in 2011. As a product idea, Groupon’s volume discount business model launched in 2008 caught on like wild fire. Groupon delivers huge coupon discounts to restaurants and retailers to its audience with the strategy of pooling like-minded consumers by leveraging the Web and social media. Consumers get a great deal and in return businesses benefit from the volume in sales. By 2010 the internet business exploded into a […]
Project Porsche 911: Where the rubber meets the road
Sofia Hess 19 November 2012 (1 votes, average: 5.00 out of 5)
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Although the Porsche 911 will celebrate its 50th anniversary in a few months, it definitely doesn’t look its age! It is an absolute classic among sports cars and its timeless design never goes out of style. In the world of Project Management, the Porsche 911 is certainly a flagship project. According to German magazine “MotorKlassik” only 10 prototypes were built prior to its release in September 1963. This fact alone, is almost unbelievable, compared to today’s mass-production manufacturers who can burn through 100s of prototypes before a product launch.