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
Although the Porsche 911 will celebrate its 50th anniversary in a few months, it definitely doesn‚Äôt 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 ‚ÄúMotorKlassik‚ÄĚ only 10 prototypes were built prior to its release in September 1963.¬† This fact alone, is almost unbelievable, compared to today‚Äôs mass-production manufacturers who can burn through 100s of prototypes before a product launch.
In light of the recent historical space jump from 128,000 feet performed by Austrian dare devil Felix Baumgartner, a feat that lasted approximately 8 minutes, we can’t forget a team of scientists, engineers and aviation experts contributed to the success of this new world record. In the digital age where the historic jump captured the attention of the world, we should not to forget that it took millions of dollars in product development, planning and expertise to successfully accomplish and promote the space jump. ¬†Felix Baumgartner’s success was facilitated by an entire project team that carefully planned the mission every
Living in one of Canada’s largest metropolitan areas, Montreal is infamous for its traffic jams caused by never ending construction and growing population.¬† In a recent report it confirmed that the typical Montrealer that has a 30 minute commute loses 92 hours a year to traffic. The reality of this loss is astronomical impacting businesses, the environment and in some cases health issues that result from increased stressed levels and the broadened carbon footprint.¬† Although strategies to mitigate traffic issues¬† exist, similar to the project management world, it only takes one unexpected change of event to occur and you will
Recently, Kickstarter an internet platform developed to assist entrepreneurs fund their projects by recruiting investors online, has confirmed the reality that after 17 years since the first Chaos Report was published, the knowledge of failure has done little to change the grim statistics associated with project success.¬† According to a recent article, 41% of projects on Kickstarter fail. ¬†So if projects are likely to fail, why bother planning for success in the first place? ¬†Seasoned project leaders understand that project planning is more than developing a detailed Gantt Chart with accurate timelines and reasonable workloads. ¬†Good project planning is as
Recently, Sheryl Sandberg Facebook’s COO publicly admitted to working a 9 to 5 schedule which for many is blasphemous in Technology circles. Although in the past she was reluctant to reveal her work schedule, in her recent announcement she attributes her well-balanced work and life schedule to her present day success.¬† Even though she has incredible responsibility, it shows that and organized plan and schedule can go a very far way. In many ways, her ability to successfully execute on (one would imagine to be) an insurmountable amount of work in a 9 to 5 schedule is a true testament
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 organization‚Äôs that are schooled in the ability to leverage the best and cheapest resources around the world every point in the manufacturing process.¬†¬† In recent years we have seen remarkably low priced items seen with the launch of Tata‚Äôs Nano car retailed at $1900 and now Adidas‚Äô recent announcement of launching a $1 running shoe aimed at India‚Äôs growing population.
The recent news of the ‚ÄúOccupy Wall Street‚ÄĚ grassroots movement in which demonstrators are congregating around the world expressing their defiance against the financial establishment and its impact on the ‚ÄúAverage Joe‚ÄĚ 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.¬† Throughout history kings and monarchs have exploited the majority by creating meticulously planned structures of power, wealth and governments to ensure their positions.¬† Although the Occupy Wall Street movement is a modern phenomenon, similar strategies employed centuries