Lecture by Peter Stilson

He talked about some stats related to advertise and marketing. He talked about content management system and related strategy of generating revenue in this field of technology but how this can be related to intersection of business and technology.
Few things i understood from the lecture are listed below:
1. How the internet advertising market is flourishing around the world?
2. To what extent this internet advertising market can shift or displace the paper/TV based market?
3. How the internet based advertising serves to local markets? How the concept of localized internet advertising works?
4. What is the revenue model behind content management system and advertising model?
5. How being specialized in one field works in getting market edge?
6. Being manager is just about opening your mind and eyes to the developing world and identifying the darker side of your Business. How appropriately one should juxtapose the development in new markets and maintaining growth in existing markets.

Few things i could not understand.
How internal working of such a large scale companies works?
Is this all about contacts and personal relationship.
What is the difference in the ways of dealing with customer while running a small shop or running a large organization.

I wanted to add the stats with all the claims i make that i understand now better but "To err is Human and to forget is human nature".
I have forgotten them. :(


closing note: Class was not really interactive so apart from content i did not really enjoy this class much.
Why all of Doug's friend looks very similar.
Saurabh

model view controller architecture

In the model view controller architecture:

Controller: java servlets
Model; businessLogic + database
view: JSP

Java servlets can also be used as a view component but their are inherent complexities in writing web based code in java servlets.

SOA and Information based enterprise

I was surprised to see that people have used 11 different colors in one assignment. I always thought of management students to be cool headed and less caring about assignment stuff. Though presentation is an important aspect of management studies but never thought then they go beyond what is assigned to do. Nice to see and probably i need to raise my standards for next assignment.. :)

Coming to the lecture, this was bit unusual class as Doug spoke more than the rest of class. I am wondering that what industry was using before adopting to SOA. SOA seems to me an obvious way of getting things done in routine life itself and not only IT practices it but also many other streams of engineering and arts adhere to it. No one try to rigidly club all the pieces of a system or piece of art. Every art or science believes in compartmentalized architecture. TO me SOA is an obvious choice.

Anyways off for now...Will continue with some illustration of this thought next time...

Enterprise Component Model for an organization’s learning department

Assignment: Enterprise Component Model for an organization’s learning department

	What needs to be learned by whom to fulfill which organizational need/requirement	Various programs On-Job training Orientation program Continued learning program Online courses	How much money needs to be allocated to which kind of portfolio and learning method?
	Curriculum Selection/Decision	Program management	Budget handling
Directing	Curriculum decision with respect to Company requirement	Management/overseeing of various programs	Allocation/Monitoring of appropriate budgets
Controlling	Portfolio based skill requirement decision General skills requirement decision Organization's future requirement based skill decision	Oversight of various skill learning programs Portfolio based skill infusion program	Portfolio based budget allocation for learning Future requirement based feasibility analysis for required skills
Executing	Technological skills requirement Behavioral skills requirement Leadership skills requirement HR skills requirement	On-Job training Program Continued learning program New employee orientation program Online courses management	New employee induction cost evaluation New technology/skill learning cost evaluation Existing employees skill learning evaluation cost

Interesting Business Model

I entered the class and first noticeable thing was Doug's shirt. It reminded me of urban camouflage article which i had read recently.
Link: http://weburbanist.com/2009/02/09/the-uninvisible-art-of-amazing-urban-camouflage/

Coming to details of lecture, i found many similarities in way large software are designed and implemented and large businesses are handled. Both presently a fairly modular, compartmentalized architecture which enables them to be flexible, extensible blah blah blah....
The idea of value chain to value net reminded me of an interesting business which my Uncle started. He had contract with a coal miner and used to buy coal from them. This coal was supplied to brick furnaces and instead of taking money he used to buy bricks from them. These bricks were cheaper than the actual market price. These bricks were supplied to construction companies and instead of taking money back, he used to take some part of real estate like flats or apartments or piece of land. Again he used to get the real estate at a lower price from actual market value. Sometimes piece of land was used to construct apartments or shopping mall etc or sometime it was sold whenever a suitable price was offered for it.
His business spanned over coal mines to brick furnace to construction to real estate. He was not producer for any of this but re branded things from one to another and earned a lot of money. Unfortunately the coal mines were closed due to some reason and it disturbed his whole But had Coal mines continued over time, he would have earned more money.

This model shows the potential of benefit in a service based business model but also depicts risk factor involved due to dependency of service providers and no in-house expertise.
Class discussion was interesting. Though lecture got bit boring in middle but Q&A session rejuvenated class again.

Okie, lets start with the article now.
See ya then ...

An IT consultant

Funny read .. Found somewhere

A cowboy named Bud was overseeing his herd in a remote mountainous
pasture in California when suddenly a brand-new BMW advanced out of a
dust cloud towards him

The driver, a young man in a Brioni suit, Gucci shoes, RayBan sunglasses
and YSL tie, leans out the window and asks the cowboy, 'If I tell you
exactly how many cows and calves you have in your herd,
Will you give me a calf?'

Bud looks at the man, obviously a yuppie, then looks at his peacefully
grazing herd and calmly answers, 'Sure, Why not?'

The yuppie parks his car, whips out his Dell notebook computer, connects
it to his Cingular RAZR V3 cell phone, and surfs to a NASA page on the
Internet, where he calls up a GPS satellite to get an exact fix on his
location which he then feeds to another NASA satellite that scans the
area in an ultra-high-resoluti on photo.

The young man then opens the digital photo in Adobe Photoshop and
exports it to an image processing facility in Hamburg , Germany .

Within seconds, he receives an email on his Palm Pilot that the image
has been processed and the data stored. He then accesses a MS-SQL
database through an ODBC connected Excel spreadsheet with email on his
Blackberry and, after a few minutes, receives a response.

Finally, he prints out a full-color, 150-page report on his hi-Tech
Miniaturized HP LaserJet printer and finally turns to the cowboy and
says, 'You have exactly 1,586 cows and calves.'

'That's right. Well, I guess you can take one of my calves,' says Bud.

He watches the young man select one of the animals and looks on amused
as the young man stuffs it into the trunk of his car.

Then Bud says to the young man, 'Hey, if I can tell you exactly what
your business is, will you give me back my calf?'

The young man thinks about it for a second and then says,
'Okay, why not?'

'You're an IT Consultant', says Bud.
'Wow! That's correct,' says the yuppie, 'but how did you guess that?'

'No guessing required..' answered the cowboy. 'You showed up here even
though nobody called you; you want to get paid for an answer I already
knew, to a question I never asked. You tried to show me how much
smarter than me you are; and you don't know a thing about cows...this
is a herd of sheep. . .

Now give me back my dog.

IT deliver case model

The cost of infusing technology into business deeds needs to evaluated from various perspective like return cost, business needs, duration of use, operational feasibility, required expertise, core competency model etc. As one size never fits all hence one needs to decide on "ownership and operational responsibility of technology development and maintenance" issues in Business.
Case Study: Keo Partners
Requirements and current analysis:
1. Improving knowledge collaboration and team performance. Help in on boarding/off boarding process. Software will be used for internal uses by HR department.
2. Number of employees are going to increase manifold as the contracts are expected to be double in near future. So need is urgent.
3. To be used by HR department which has limited skills for software or hardware management.
4. Long term use of this IT model is desired.
5. Need to be tailored to requirement of HR department.
6. I assume that financial constraints are there as this is not a core competency of business model.
7. As of now company size is small. Looks like a startup company.

On basis of these observations and facts i feel "site-hosting management service provider" model should fit best to the requirement of KEO Partners.

reasons:
1. As software is required soon hence this is suitable. Keo's customers are going to double in coming future hence need of such a software to be quickly available is strongly desired as it'll help in reducing the orientation time of new employees and may result in better productivity.

2. Keo has long term requirement and they wish to tailor the software according to their own requirements. This needs a control over software and upgrade release without incurring heavy cost. Hence "site-hosting management service provider" model is encouraging.

3. This is not a core competency area for Keo so the threat of unreliability of technology provider will not effect the productivity of business to larger scale.

Why not others:
Perpetual licensing:
As company size is small and company looks like a startup company hence licensing may lead to costly solution. Also large scale dependency over technology provider is not desirable in case of limited trust.
Software rental:
As software is required for long run hence this is not desirable.Also Keo would like to tailor software according to its requirement over time. Hence this make a negative choice for all this.
Software on demand:
Software customization is not possible here. Use of such service is limited by genericness of software. Uncertainty about features of product/service fitting into Keo's software needs.

Masrters and Johnson

I always wonder if the quoted at the beginning have any relation with essence of each lecture. Let's try to figure that out today.

Essence of quote:
"You can't build reputation on what you are going to do."

Essence of lecture:
Discussion took off with debate of efficiency and intimacy and i saw some conflicting opinion with Doug on this. I loved the idea that it's human who drives the business and hence personal relationship does matter and certainly influence one's thinking and thought process and it certainly goes in synchronization with Cole idea that how his choice of product can disturb the market share stats for various suppliers.
I have my own share of thoughts on this. As a business man you can not take decision under influence of others thinking. You can pick them as example for supporting or contradicting your own idea but ultimately business is driven by monetary challenges and requirement. Given that requirements are satisfied and monetary conditions are met, certainly one would give preference to intimacy but otherwise it should be other way around.
It seems Cole and Doug have a different perception of whole thing but as quoted earlier "Great spirits have always encountered violent opposition from mediocre minds" so i hope they wont care for my opinion ;). Wow, i found a relation between quote and contents of lecture.

I loved the observation of web browsing that "you get only 30 sec for selling your stuff and it's generous" and thought of "Customer feels first and think second". I was totally stumped by his question of enterprise application. "One size fits all?"

Anyways now i'll go ahead with assignment so putting break to this blog. Will continue next time with some more things to write.

Just wondering how technology can be used to enhance sex industry.

(Business + Technology = Mortenson )

oops posted it earlier on my tech blog....

It was an eye opener for me to see how use of technology leads to sea level changes in your business practices and opens new doors of opportunity but what makes me wonder is cost of technology vs return of technology. One needs to decide that at what point in the business which appropriate technology should be used and how to make it an competitive advantage in this fiercely competitive world. Also should technology be used as a supplement or as backbone of business.
In my opinion few things one need to consider before using technology in the business.
1. Cost of technology vs. Return of technology.
2. As a backbone of system or just supplement to system.
3. What technology? Where to be used and how to leverage?

As Cole mentioned choice of technology is crucial in success of business.
Few things i learned:
1. Everything in business can be bargained.
2. It's all about market share.

I disagree with the point of social networking because in my opinion a prudent business personal will never make decision under influence of others word. It must be his own evaluation of business needs and technological advantages which drives to benefit of Business.

Anyways it was nice to hear Cole. He seems to be energetic and full of enthusiasm.