There is just so much going on.
Corporate stupidity on a huge scale is rampant where decisions are being made for the short-term that do not reflect the realities of the long-term.
Where leaders are ignoring the facts and instead focusing on their narrative or their story or their view of how things ‘ought to be’ instead of reality.
Where people are clinging to their positions despite facts and realities that do not align with their viewpoints or positions.
Look, we need to listen and think about the ideas we are hearing the positions that people are taking.
Corporate directors or trustees need to think and not just listen to the narrative of the ‘trusted’ executives.
All of us need to think more about the good of all instead of the good of us individually.
Trust but verify.
The best article I’ve read in the past few days is about quitting. Namely, The Quitting Economy which you simply must read. The economy, work, jobs, and careers are changing and this article perfectly captures how to think about it. Consider:
In general, to keep stock prices high, companies not only have to pay their employees as little as possible, they must also have as temporary a workforce as their particular business can allow. The more expendable the workforce, the easier it is to expand and contract in response to short-term demands. These are market and shareholder metrics. Their dominance diminished commitment to employees, and all other commitments but to shareholders, as much as the particular industry requirements of production allow. With companies so organised, the idea of loyalty receded.
I’ve recently shared several articles @brewerma on stock options, toxic work places, and how the increasing shareholder value paradigm in business is crushing employees and societies.
The idea of caring deeply about your work and standing out from the crowd is discussed in The Benefits of Living Like a Craftsperson:
Quality. It’s when someone is so completely present for and dedicated to his or her act that they become hard to separate; they become one.
There is a wonderful article about getting up early and getting things done and how that works. Take a look at The Simple Secret to Creating a Successful Morning Routine No One Ever Talks. The Besomebody.com site is terrific and is sharing great content.
Some interesting out of the box thinking proposing that runways should be circular instead of straight. Take a look at their video here.
A great article about The Difference Between Amateurs and Professionals.
And finally a nice article on information theory entitled How Information Got Re-Invented. One of my favorite books on the subject I wrote about here.
In the past few years, I’ve been aware of two different organizations that have been greatly impaired by failures of a single person. In the first case, a trusted leader failed to properly do their job and accomplish their responsibilities and the organization nearly sank as a result. I don’t know what that person was thinking. In the second case, one arrogant leader who thought he knew everything and didn’t need any advice from anyone else made poor decisions, spoke authoritatively of things he knew little about and left key resources to neglect.
Great processes and lots of good people, can be overwhelmed by a single bad leader in the wrong place.
So there is a story on Mashable called The Latest Tool in Medicine? The iPhone which highlights some studies where iPhones are being used to collect data as part of medical studies.
Yes, carrying around a powerful compute device, that you can interface with, that is connected to the mother ship for two way communications might result in some powerful new medical studies, advances, options and ideas. Duh.
It is not really the iPhone, it is the mobile, connected, compute device that people have with them all the time (and won’t leave behind) that is the key here. I love my iPhone, but that is not the advance, it is the connected device connecting to the patient/subject.
There will be huge things coming from this as has been written about elsewhere. Immediate detection of crisis events, more frequent sampling of data in studies, ability to trigger something to happen to the patient (administer something), etc. etc. Lots of things can come from this.
In 2013 I wrote a series of posts about what to do as new CIO. My thinking continues to evolve on this topic, but I’ve come to rethink the need to understand the financial model for IT in your organization and to put greater urgency on that understanding.
In an enterprise, an IT organization and associated investments are made to facilitate the operations of the enterprise and to protect the enterprise. We don’t make investments just because they are fun or just because we want to do them. There is a driving force behind these investments. Those forces are things like: operational improvements (reduce waste, speed, reduced friction, etc.), financial control, collaboration improvement, security, etc. The benefits of these investments are mostly outside of IT. Yes, some investments benefit IT, but most of what we do benefits other organizations. Saying it differently, the costs might reside in IT but the benefits reside elsewhere.
That is the central problem/opportunity to understand. How does your organization account for this fact of life? This simply must be understood by all parties and it must be clearly highlighted to all parties and that takes a lot of help from Finance. This is probably one of my biggest failures. I should have done more in this area.
Projects in IT can save tens of millions of dollars in operations or across the supply chain yet cost millions in IT to make that happen.
M&A activity are particularly dangerous to IT in that unless the costs of integration are budgeted and called out and planned for as part of the go/nogo decision on the acquisition, IT can appear to spending a lot of money to integrate that that is not really an IT cost, it is an acquisition cost. I read a while back that the two biggest risks in M&A efforts is merging cultures and IT complexity/integration risks. A company board might decide to spend $600M on an acquisition but that decision should upfront account for the cost to integrate the companies together.
IT spend is a cost to do business. Probably, the best answer to this problem is to work out a clearly understood, above board way to charge costs back to business units that are driving the investments. That chargeback would include the startup costs for sure, but also might include the sustaining costs to run or support the capabilities. In any case, the costs need to be clearly visible and either chargeback or shown back to the business and across the business. Tools like Apptio might greatly help in these conversations too.