Archive for April 2012

Session 11: Key Takeaways

Globalization of Wyeth

Wyeth transformed itself from a holding company to a global company using information technology (IT) as an important enabler. The case details the importance of global integration and how globalization was initiated at Wyeth. The original role of IT is introduced along with the challenges and barriers of starting a globalization strategy. An ambitious IT globalization plan is outlined as well as the role of IT started changing at Wyeth. The case also illustrates the implementation of the IT globalization plan. The implementation started slowly, faced many challenges, and took longer than expected. The original plan was modified several times to address funding and management challenges.  One of the key takeaways form this case is that decentralization model was planned to be changed into centralized model but hybrid model appears to have ultimately evolved and resulted into successful implementation of global IT plan and made Wyeth a true Global company.

 

IT Governance: Stop the Pendulum!

The primary goals for information technology governance are to (1) assure that the investments in IT generate business value, and (2) mitigate the risks that are associated with IT. This can be done by implementing an organizational structure with well-defined roles for the responsibility of information, business processes, applications, infrastructure, etc. Decision rights are a key concern of IT governance. The well defined control of IT is the key to success.

 

In the Next Industrial Revolution, Atoms Are the New Bits.

This article tells the story of the man who invented the intermittent windshield wiper (an idea that Ford stole – he ultimately was awarded nearly $30 million). Today, he could have turned the idea into product on his “own,” much more quickly.

These are some lessons I feel about the new future that has arrived/is arriving

1) Collaboration has always been about collaborating with the best/smartest/cutting edge people. Now, the tools of the era allow us to collaborate with those people regardless of where they work or live. It will be collaborate with the best, or die.

2) The future will be owned by individuals. Your ideas, your innovations, your concepts, will increasingly be owned by the individual who came up with them. And that individual will find the workers to turn the ideas into products on his or her own. The idea person will not have to build a factory.

3) The changes will keep coming. This new chapter in the industrial revolution is only that – the new chapter, the latest chapter. There will be others to follow.