I recently read an article where it described the U.S. Mintâ€™s challenge in producing pennies and nickels at a cost more than their actual value.Â In 2011 it cost the US Mint 2.4 Cents to produce a penny and 11.2 cents for every nickel produced.Â I guess the old adage â€śA penny saved is a penny earnedâ€ť does not apply to the US Mint.Â Ironically, every penny has put the Mint 1.4 pennies in the hole.
For all the Lotus Notes groupies, every year when the big Lotusphere event comes around it seems like the whole world stops for the week, and everyoneâ€™s attention is aimed at learning about the next big announcement and reveal of the annual celebrity mystery guest that will set the tone of the Lotus Notes community for the upcoming year.
As we wrap up 2011, I figure I would take this opportunity to lighten the mood and come up with a top 10 list Ă€ La â€śDavid Letterman.â€ťÂ So the category is the top signs your project is doomed to fail.Â Here we go…
For many project-driven organizations, especially those in new product development and innovation, one of the toughest challenges is managing a pipeline of potential projects and making an objective and well-informed decision on which project to place your bet on.Â A strategic project selection process will ensure that the right metrics, experts and stakeholders are involved in the assessment and prioritization of your pipeline.Â The right project selection strategy allows for an organization to maximize its potential for success and improvement across its current and future portfolio.
Get your Pair of Adidas for $1! Process Improvement in your Projects is about the Journey, not the Destination
In our current global economy consumer products are dropping in price due to the maturity of organizationâ€™s that are schooled in the ability to leverage the best and cheapest resources around the world every point in the manufacturing process.Â Â In recent years we have seen remarkably low priced items seen with the launch of Tataâ€™s Nano car retailed at $1900 and now Adidasâ€™ recent announcement of launching a $1 running shoe aimed at Indiaâ€™s growing population.
There have been many major successful IPOs in 2011.Â From Groupon to Linkedin and Pandora, in a shaky economic climate these major internet players have proven that the Web still has much room for growth.Â One of the more interesting IPOs in 2011 that sheds light on what businesses and consumers seek to gain from each other is â€śAngieâ€™s List.â€ťÂ Founded in 1995 (a dinosaur by internet standards), despite still being in the red, Angieâ€™s IPO has increased its valuation by 25% pegging it at approximately $900 million.Â Not bad for a company that started in Ohio by Angie Hicks
The recent news of the â€śOccupy Wall Streetâ€ť grassroots movement in which demonstrators are congregating around the world expressing their defiance against the financial establishment and its impact on the â€śAverage Joeâ€ť has brought to light the age old reality that money and power lies in the hands of a few who understand the power of the plan that keeps this inequality afloat.Â Throughout history kings and monarchs have exploited the majority by creating meticulously planned structures of power, wealth and governments to ensure their positions.Â Although the Occupy Wall Street movement is a modern phenomenon, similar strategies employed centuries