Business

  • This Post Will Help You Predict the Future of Our Economy

    Have you ever seen a funny photo that was captured just before a "something bad" happens? The tag-line is usually something like … This isn't going to end well.

    Well, after the news came out about President Obama seeking a $3.8 Trillion budget.  I remembered seeing this chart; and it isn't so funny.

    Federal Spending Is Growing Faster Than Federal Revenue.

    Since 1965, federal tax revenues and spending have soared. Revenues have increased by more than $1.5 trillion, and spending is up by $3.3 trillion. In 2009, federal revenue will drop, while federal spending is expected to increase by nearly $1 trillion.

    100207 Federal Spending Exceeds Revenue

    To give you some context for this issue, here is an interactive U.S. Debt Clock.

    100207 Click to see US Debt Clock

    Click the picture and you'll see a version that updates in real-time.

  • This Post Will Help You Predict the Future of Our Economy

    Have you ever seen a funny photo that was captured just before a "something bad" happens? The tag-line is usually something like … This isn't going to end well.

    Well, after the news came out about President Obama seeking a $3.8 Trillion budget.  I remembered seeing this chart; and it isn't so funny.

    Federal Spending Is Growing Faster Than Federal Revenue.

    Since 1965, federal tax revenues and spending have soared. Revenues have increased by more than $1.5 trillion, and spending is up by $3.3 trillion. In 2009, federal revenue will drop, while federal spending is expected to increase by nearly $1 trillion.

    100207 Federal Spending Exceeds Revenue

    To give you some context for this issue, here is an interactive U.S. Debt Clock.

    100207 Click to see US Debt Clock

    Click the picture and you'll see a version that updates in real-time.

  • Why You Might Want an iPad

    Here is Apple's launch video.  They do know how to innovate and market, don't they?

    Yes, it is stuff that does the stuff their other stuff does.  Yet, somehow it is generating great Buzz.

    Are you planning to buy one?  I'm planning to resist … for now.

  • Why You Might Want an iPad

    Here is Apple's launch video.  They do know how to innovate and market, don't they?

    Yes, it is stuff that does the stuff their other stuff does.  Yet, somehow it is generating great Buzz.

    Are you planning to buy one?  I'm planning to resist … for now.

  • Ted Talk About the Building Blocks of Business Success: Autonomy, Mastery & Purpose

    This video provides a peek into the science of human motivation.

    There is a mismatch between what science knows and what business
    does.

    And what's alarming here is that our business operating system —
    think of the set of assumptions and protocols beneath our businesses,
    how we motivate people, how we apply our human resources — it's built
    entirely around these extrinsic motivators, around carrots and sticks.
    That's actually fine for many kinds of 20th century tasks. But for 21st
    century tasks, that mechanistic, reward-and-punishment approach doesn't
    work, often doesn't work, and often does harm    .

    Here is the direct link to the video on Ted's site.

    Here is an excerpt from the talk.

    Too many organizations are making their decisions, their policies about talent and people, based on assumptions that are outdated, unexamined, and rooted more in folklore than in science. And if we really want to get out of this economic mess, and if we really want high performance on those definitional tasks of the 21st century, the solution is not to do more of the wrong things. To entice people with a sweeter carrot, or threaten them with a sharper stick. We need a whole new approach.

    And the good news about all of this is that the scientists who've been studying motivation have given us this new approach. It's an approach built much more around intrinsic motivation. Around the desire to do things because they matter, because we like it, because they're interesting, because they are part of something important. And to my mind, that new operating system for our businesses revolves around three elements: autonomy, mastery and purpose.

    • Autonomy, the urge to direct our own lives.
    • Mastery, the desire to get better and better at something that matters.
    • Purpose, the yearning to do what we do in the service of something larger than ourselves.

    These are the building blocks of an entirely new operating system for our businesses.

  • Ted Talk About the Building Blocks of Business Success: Autonomy, Mastery & Purpose

    This video provides a peek into the science of human motivation.

    There is a mismatch between what science knows and what business
    does.

    And what's alarming here is that our business operating system —
    think of the set of assumptions and protocols beneath our businesses,
    how we motivate people, how we apply our human resources — it's built
    entirely around these extrinsic motivators, around carrots and sticks.
    That's actually fine for many kinds of 20th century tasks. But for 21st
    century tasks, that mechanistic, reward-and-punishment approach doesn't
    work, often doesn't work, and often does harm    .

    Here is the direct link to the video on Ted's site.

    Here is an excerpt from the talk.

    Too many organizations are making their decisions, their policies about talent and people, based on assumptions that are outdated, unexamined, and rooted more in folklore than in science. And if we really want to get out of this economic mess, and if we really want high performance on those definitional tasks of the 21st century, the solution is not to do more of the wrong things. To entice people with a sweeter carrot, or threaten them with a sharper stick. We need a whole new approach.

    And the good news about all of this is that the scientists who've been studying motivation have given us this new approach. It's an approach built much more around intrinsic motivation. Around the desire to do things because they matter, because we like it, because they're interesting, because they are part of something important. And to my mind, that new operating system for our businesses revolves around three elements: autonomy, mastery and purpose.

    • Autonomy, the urge to direct our own lives.
    • Mastery, the desire to get better and better at something that matters.
    • Purpose, the yearning to do what we do in the service of something larger than ourselves.

    These are the building blocks of an entirely new operating system for our businesses.

  • Virtual PCs

    Some technology is innovative and impressive, but doesn't serve a business need.  For example, you keep hearing about Cloud Computing. Yet, how likely is it that you're going to
    allow your business to put a bunch of your proprietary data out on the net
    anytime soon?

    I'm not saying bad things about clouds, I'm just saying that there are a number of other recent advances that are interesting and perhaps more relevant.  Some of these advances promise to save time and money while
    making the computer environment safer and more robust.  An example is the class of solutions that take advantage of shared resources (like database clustering and virtualizing
    servers and desktops).

    100124 VMware Logo For us, one of the biggest changes in information technology, recently, has been the increasing use of virtualization.

    What is Virtualization?

    Several years ago, I needed to purchase a big and powerful computer to run certain in-depth tests. Yet, only a small percent of the tests we run require a machine that big. Some of our other testing took a long time, but didn't require many of the computer's resources. In both cases, we were dramatically under-using the machine a majority of the time.

    With virtualization, you can take a big powerful machine and divide it into smaller less powerful machines when you need to. 

    That means you can use all of the machine's capacity for one purpose some of the time. While other times, you can load a configuration optimized for a different type of test, which lets you create more virtual machines.

    So, if you are running a test that might take one computer 24 hours to run (but didn't use much of the computer's processing power), you could use virtualization to split the computer into four virtual computers.  The result is that it might only take you six or seven hours to complete the same task.

    That is a simple example, but hopefully it gives you an idea of what is possible.

    There are two main players in this space, Microsoft and VMware.

    Virtual PCs Move to the Desktop.100124 Virtual PC Images

    That same technology has moved to the desktop.

    For example, Windows 7 comes with Microsoft's Virtual PC. This makes it easy for you to create a clone of the computer (running inside your computer) but that doesn't affect the primary operating system.

    You can use a different operating system in the Virtual PC. So, even
    though you might use Windows 7, you could setup the Virtual PC to run
    with Windows XP or even Linux (for compatibility or testing reasons).

    Another use of a Virtual PC is as a "sandbox" that lets you install and try software that you wouldn't otherwise try on your main computer.

    For example, Microsoft just came-out with a beta version of its Office 2010 product.  I asked some of our IT staff if I should install it on my PC to try.  When they stopped laughing at me, the answer was "absolutely not", because it might hang, damage something or create the need to re-install the computer.  A Virtual PC, however, is a great place to try something like that without risking your primary work environment.

    Give it a try.

    Resources:

  • Virtual PCs

    Some technology is innovative and impressive, but doesn't serve a business need.  For example, you keep hearing about Cloud Computing. Yet, how likely is it that you're going to
    allow your business to put a bunch of your proprietary data out on the net
    anytime soon?

    I'm not saying bad things about clouds, I'm just saying that there are a number of other recent advances that are interesting and perhaps more relevant.  Some of these advances promise to save time and money while
    making the computer environment safer and more robust.  An example is the class of solutions that take advantage of shared resources (like database clustering and virtualizing
    servers and desktops).

    100124 VMware Logo For us, one of the biggest changes in information technology, recently, has been the increasing use of virtualization.

    What is Virtualization?

    Several years ago, I needed to purchase a big and powerful computer to run certain in-depth tests. Yet, only a small percent of the tests we run require a machine that big. Some of our other testing took a long time, but didn't require many of the computer's resources. In both cases, we were dramatically under-using the machine a majority of the time.

    With virtualization, you can take a big powerful machine and divide it into smaller less powerful machines when you need to. 

    That means you can use all of the machine's capacity for one purpose some of the time. While other times, you can load a configuration optimized for a different type of test, which lets you create more virtual machines.

    So, if you are running a test that might take one computer 24 hours to run (but didn't use much of the computer's processing power), you could use virtualization to split the computer into four virtual computers.  The result is that it might only take you six or seven hours to complete the same task.

    That is a simple example, but hopefully it gives you an idea of what is possible.

    There are two main players in this space, Microsoft and VMware.

    Virtual PCs Move to the Desktop.100124 Virtual PC Images

    That same technology has moved to the desktop.

    For example, Windows 7 comes with Microsoft's Virtual PC. This makes it easy for you to create a clone of the computer (running inside your computer) but that doesn't affect the primary operating system.

    You can use a different operating system in the Virtual PC. So, even
    though you might use Windows 7, you could setup the Virtual PC to run
    with Windows XP or even Linux (for compatibility or testing reasons).

    Another use of a Virtual PC is as a "sandbox" that lets you install and try software that you wouldn't otherwise try on your main computer.

    For example, Microsoft just came-out with a beta version of its Office 2010 product.  I asked some of our IT staff if I should install it on my PC to try.  When they stopped laughing at me, the answer was "absolutely not", because it might hang, damage something or create the need to re-install the computer.  A Virtual PC, however, is a great place to try something like that without risking your primary work environment.

    Give it a try.

    Resources:

  • Tap the Knowledge of People in Your Network

    Have you ever had a question that you just didn't know who to ask? There's a new website designed to help you. 

    Aardvark is a new kind of tool that lets you tap into the knowledge and experience of friends and friends-of-friends.  Think of it as a crowd-sourced (or human powered) knowledge engine. However, instead of just storing the answers, it tries to figure-out who to ask your question to in your network of contacts.

    100109 Aardvark Answers

    Send Aardvark a question (from the web, email, Twitter, IM, or iPhone) and you’ll get a quick, helpful response.

    I was a little skeptical; however, when I tried it, I got good answers very quickly. Finally, a business use for social networks (other than marketing).

    I recommend that you give it a try.

    Other Resources.

  • Tap the Knowledge of People in Your Network

    Have you ever had a question that you just didn't know who to ask? There's a new website designed to help you. 

    Aardvark is a new kind of tool that lets you tap into the knowledge and experience of friends and friends-of-friends.  Think of it as a crowd-sourced (or human powered) knowledge engine. However, instead of just storing the answers, it tries to figure-out who to ask your question to in your network of contacts.

    100109 Aardvark Answers

    Send Aardvark a question (from the web, email, Twitter, IM, or iPhone) and you’ll get a quick, helpful response.

    I was a little skeptical; however, when I tried it, I got good answers very quickly. Finally, a business use for social networks (other than marketing).

    I recommend that you give it a try.

    Other Resources.