Dear Readers,
Friday, October 31, 2008
Research papers
Dear Readers,
Thursday, October 9, 2008
ROI
Dear Readers,
While preparing Article on " Taking Ideas to market" i came across with one interesting word i.e " ROI ". I always talked about ROI as Return on Inevestment. Even whole world having same kind of Opinion. But here it switch to " Return on Ideas ". It means that what is the return of your ideas which u generate, which u analyse, which u implemement, which u innovate and so on. And from this new concept comes in the picture i.e "BCR".
B- benefit
C- Cost
R- Risk
So BCR plays a signiicant role in ROI. Many questions can raise while thinking or generating Ideas. Like What is the benefit of this? What can be the cost? Is this product a risker one?
And hence you can analyse ROI with the help of BCR
The Lense of New Future
The Lense of Possibility
When you put the past firmly behind you, possibilities no longer arrive with labels. You are now free to create from entirely new vistas. New possibilities often come from challenging industry-wide assumptions. Amazon challenged assumptions. Dell Computer challenged assumptions. E-bay challenged assumptions. Market disrupting companies challenge assumptions. While these companies often emerge from start-ups, existing companies, too, can create new futures when their executives look through the Lens of Possibility.
Wednesday, October 8, 2008
The Lens of Past
Carly Fiorina’s merging of HP with Compaq, using today’s products, customers and business model to grow the company, is a classic example of operating a business looking through the lens of the past.
When operating in times of disruptive change … there is a break in the trend-line. We can no longer reliably project the future from recent trends.
Imotional Blackmail
4 I's of Business model.."I's effect" ( Part-1)
Award, Reward and Prize
Friday, October 3, 2008
September To Remember
Thursday, October 2, 2008
Effects of the US Financial Crisis in India
It is often said that when the US sneezes the rest of the world catches a cold. This three-part series looks at how India, China, and Russia have been affected by the US financial crisis. Before we get into detail about how much this US problem is spreading globally, we should understand the severity of it and the possible consequences in the US. How sick is the US? Some have compared the situation in the US with the Great Depression of 1929, but this situation is far from a depression – in fact it’s not even a recession. In the Great Depression there was no work and there was widespread poverty. People struggled through the winter with no heating and no food. We are not seeing such extensive suffering in the US. In the US, August 2008 unemployment figures were at 6.1%, according to the US Bureau of Labor Statistics. In the Great Depression unemployment was higher than 25%. The Commerce Department reported that GDP growth was at 2.8%, hardly indicative of a recession, although this was revised down from the 3.3% figure it projected a month ago. But one cannot ignore yesterday’s 777 point drop in the Dow Jones Industrial Average after the $700 billion bailout plan failed to pass through Congress. These paper losses of more than a trillion dollars may be the sneeze that disrupts global markets. Even before this controversial rescue plan was shot down, Indian markets took a dive of their own on Monday 29 September. The stock market sank to an 18-month low and the rupee a 5-year low. The stock market dropped 5.3% to 12,595.75. According to Business Standard, vice-president of Karvy Stockbroking Ambareesh Baliga, said, “We are advising our clients to stay away from trading till selling by Foreign Institutional Investors (FIIs) stops. Also, there is no support to the markets from any domestic institution. While markets are below their fundamental levels, fear has gripped investors and there is panic selling.” While US investors and consumers are concerned about who will foot the bill for this $700 billion plan, to Indian and non-US markets that doesn’t matter. They just want it to happen so as to restore confidence and of course liquidity. Sify.com reported Jagannadham Thunuguntla, head of the Delhi-based SMC Group saying, "The first major point of nervousness is that the US bailout plan will now be in three tranches of $250 billion, then $100 billion and finally $350 billion and the second and third tranches will require further Congressional approval. This means effectively, only $250 billion is now available for buying troubled assets of banks instead of $700 billion outright. This doesn't really solve the problem of liquidity." Crowds gathered outside the Bombay Stock Exchange to watch the markets drop, with many investors angry. Why should failure of the world’s most advanced financial system hurt individual Indian investors? But the fact remains that the “Bush administration's failed economic policies” as speaker of the House Nancy Pelosi described it, is everybody’s business.
World Economy
Waiting until the last minute
In a nutshell: don't.
Bad situations to wait until the last minute:
Catching a Train
Asking your secret crush to the prom
Applying for a summer internship
Setting customer expectations
Studying for the CAT
Saving for retirement
Giving up smoking
Asking for a raise
Teaching ethical behavior to your kids
Winning a primary
Asking for directions
Sharing an idea
And, for balance, two times when it pays:
Bidding in an eBay auction
Giving up hope
Life after Death
Some say, "What is there to contemplate or prepare for? It's beyond our control. Our time will come and we will die — that is it. While there is time, we must take everything we can from life. Eat, drink, love, achieve power and glory, earn money, etc. Don't dwell on anything unpleasant or upsetting and certainly don't think about dying." Many follow this ideation.
Yet at times each of us may have more disturbing questions: "What if that's not the case? What if death is not the end? What if I find myself in a completely new place with my abilities to see hear and feel intact?" And most importantly, "what if our future beyond the threshold depends in part on the way in which we lived this life and what we were before we crossed the threshold of death?"
Wednesday, October 1, 2008
Love,Hate,Believe,Faith
Twistori looks for certain words in the Twitstream
The Long Tail and the Dip
It's tempting to go for the bestseller list, to create a mass market hit. This is the box labeled 1 on the tail above. Everyone wants to be here. It's where ego meets profit. A home run. Pixar lives in box 1.
In order to have a bestseller, you must reach the unreachable. Most of the people who buy a bestselling book buy no other book that month, or even that year. The very nature of the top of the list is that you're reaching not just the frequent purchasers and the passionate, but those that only show up for the hits.
The second pocket is labeled, conveniently, #2 (not because it's second best, merely because it's the second one I'm mentioning). This is the profitable, successful niche product. Roger Corman's horror movies, say, or Vandersteen's $3,000 stereo speakers. Not a product for everyone, certainly, but among those that care and are choosing to pay attention, a fantastic choice.
The reason you can make money in the niche pocket is that it costs far less to compete here. First, because there's less competition and the competition is less fierce, and second because it's cheaper and easier to reach your target market because they're choosing to pay attention.
There's a spectacular amount of overhead associated with a mass market hit. You need to buy shelf space and hype and promotion and noise in order to momentarily have a shot at stardom. If you don't push your way into this arena, you'll be ignored.
The third pocket is to own the long tail, to make a small royalty on a huge range of products. That's CDbaby and iTunes and the Garrett Wade tool catalog.
And The Dip? The Dip really kicks in when you're comparing the first pocket to the second.
If you want to compete with all of those folks shortsighted enough to shoot for the big win, you need to invest a great deal of time and money. And very few make it through the Dip... there are far more movies like Speed Racer than Iron Man. Speed Racer got stuck in the trough. It wasn't the best in the world, it wasn't the one the masses chose to see, it lost. Hundreds of millions of dollars spent, but not enough time or talent invested to get through the Dip.
When the masses went to see a movie in June of 08, they had a choice. Naturally, they chose to see the movie that was the best available, the one they wanted to see the most. If you're the third best choice, you lose.
Entrepreneur
I remembered one quote “Without a strong conviction and faith in oneself and one’s work no entrepreneur can tide over crisis”.
1<2<3<4<.???
What do web users do for a living? What do we get paid to do that makes it worth giving us a web browser? Me, I make connections. I take disparate ideas and connect them in (hopefully) useful ways. Others do it with people, or cash instead of ideas. But we're all connectors.
Tim O'Reilly coined the term Web 2.0. It is a bit controversial, but basically it describes a generation of web pages that go beyond the flat HTML of the original Web. Web 2.0 pages encourage community and user-generated content.
Web 3 is the brainchild of Tim Berners-Lee, largely credited for inventing the world wide web in the first place. It's more commonly called the Semantic Web. The idea is, to quote Lee, "I have a dream for the Web [in which computers] become capable of analyzing all the data on the Web – the content, links, and transactions between people and computers. A ‘Semantic Web’, which should make this possible, has yet to emerge, but when it does, the day-to-day mechanisms of trade, bureaucracy and our daily lives will be handled by machines talking to machines. The ‘intelligent agents’ people have touted for ages will finally materialize."
I'll get in trouble for this simple shorthand, but it's data about data. Websites that are smart about what they are and what they contain. But what's it for? I mean it's very audacious and powerful, but why? And what drives it to work?
The opportunities of the semantic web are limitless, and I can't wait. But that's not Web4. Web4 is what I'm really waiting for. And it's entirely possible that Web4 will get here before the semantic web even though Web 3 makes it work a lot better.
We start with this:
Ubiquity
Identity
Connection
We need ubiquity to build Web4, because it is about activity, not just data, and most human activity takes place offline.
We need identity to build Web4, because the deliverable is based on who you are and what you do and what you need.
And we need connection to build Web4, because you're nothing without the rest of us.
Web4 is about making connections, about serendipity and about the network taking initiative.
Some deliberately provocative examples:
I'm typing an email to someone, and we're brainstorming about doing a business development deal with Apple. A little window pops up and lets me know that David over in our Tucscon office is already having a similar conversation with Apple and perhaps we should coordinate.
I'm booked on a flight from Toledo to Seattle. It's cancelled. My phone knows that I'm on the flight, knows that it's cancelled and knows what flights I should consider instead. It uses semantic data but it also has permission to interrupt me and tell me about it. Much more important, it knows what my colleagues are doing in response to this event and tells me. 'Follow me' gets a lot easier.
Google watches what I search. It watches what other people like me search. Every day, it shows me things I ought to be searching for that I'm not. And it introduces me to people who are searching for what I'm searching for.
As a project manager, my computer knows my flow chart and dependencies for what we're working on. And so does the computer of every person on the project, inside my team and out. As soon as something goes wrong (or right) the entire chart updates.
I'm late for a dinner. My GPS phone knows this (because it has my calendar, my location, and the traffic status). So, it tells me, and then it alerts the people who are waiting for me.
I visit a blog for the first time. My browser knows what sort of stories I am interested in and shows me highlights of the new blog based on that history.
I can invest in stocks as part of a team, a team that gains strength as it grows in size.
Here's Rikard's riff on how the iPhone could be more like Web4.
I'm about to buy something from a vendor (in a store with a smart card or online). At the last minute, Web4 jumps in and asks if I want it cheaper, or if I want it from a vendor with a better reputation. Not based on some gamed system, but based on what a small trusted circle believes.
My PDA knows I'm going to a convention. Based on my email logs, it recommends who I ought to see while I'm there--because my friends have opted in to our network and we're in sync.
I can fly to the CES for half price, because Web4 finds enough of us that we can charter a flight.
I don't have to wait for Rickie Lee Jones to come to town. Sonos knows who the Rickie Lee fans are, and makes it easy for us to get together and initiate a concert... we book her, no scalpers necessary.
I don't get company spam any more ("fill out your TPS reports") because whenever anyone in my group of extended colleagues highlights a piece of corporate spam, it's gone for all of us. But wait, it's also smart enough that when a recipient highlights a mail as worth reading, it goes to the top of my queue. If, over time, the system senses (from how long I read the mail, or that I delete it, or that I don't take action) that the guy's recommendations are lame, he loses cred.
Sure, it sounds a bit like LinkedIn. But it's not. LinkedIn tends to make networks that are sprawling and weak. Web4 is about smaller, far more intense connections with trusted colleagues and their activities. It's a tribe.
You don't have to join a tribe. But if you did, would you be more successful?
Unlike Web 3, we don't need every single page in the world to be 'compliant.' What we need is:
an email client that is smart about what I'm doing and what my opted in colleagues are doing. Once that gains traction, plenty of vendors will work to integrate with it.
a cell phone and cell phone provider that is not only a phone.
a word processor that knows about everything I've written and what's on the web that's related to what I'm writing now.
moves by Google and Yahoo and others to make it easy for us to become non-anonymous, all the time, everywhere we go.
This stuff creeps some people out. The thing is, privacy is an illusion. You think you have privacy, but the video surveillance firms and your credit card company disagree. If we're already on camera, we might as well get some benefits from it. If we choose.
I think it's fascinating that Web4 is coming from the edges (we see all sorts of tribal activities popping up in blogs, communities, rankings, Digg, etc.) as opposed to from the center. Web 2.0 happened in largely the same way. Even online, big organizations seem to have the most trouble innovating in ways that change the game.
Why people pay money for Music!!!!!!!!
Dear Readers,
The examples I mentioned can be compared to selling songs at the iTunes Store. People buy songs from Apple not because they can't find the music elsewhere, all music really is available online for free. People buy from Apple because it lets them ignore the hassles of peer to peer downloading. With Apple you know
you are going to get the entire song
it will have a certain quality
you'll get it immediately
Apple charges for that comfort.
And they can do the same with profile data. Integrate iPhone with Apple's desktop software and web services in ways that help people utilize their personal data.
If Apple's integration is smoother than their competitors, and they're in a very good position to create smooth integration, then customers will continue to buy Apple equipment. The trick is not to own the data but to make apps and services that use the data to make people's lives comfortable and efficient.
The strategy gives the company flexibility to be creative and many ways to integrate their hardware with new software and services. In short, knowing your customer should be a very lucrative position.
Ironically Microsoft was aspiring for this grail a couple of years ago but, in what would be a cardinal twist of fate, they didn't have the right platform to leverage.