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Angela Edwards commented on the post, Reading Question: Community of Practice, on the site 9 years, 7 months ago
I volunteer with a local youth soccer club. One of my major roles is tournament director. I would say this croup is a community of practice and I am a member of this group. I ran the tournament for many years and finally began talking informally with some of the other tournament directors in the area. After doing this for a couple of years I…[Read more]
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Angela Edwards commented on the post, Case Question: Assessing Open Innovation at Siemens, on the site 9 years, 7 months ago
I think the most obvious metric to measure the success of any program is the return on investment. How much will the initiative cost versus how much the company will profit from it. Another metric to be considered is how an initiative will improve a process as far as efficiency. Will the initiative make the process faster, eliminate the number of…[Read more]
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Angela Edwards commented on the post, Case Question: Open Innovation, on the site 9 years, 7 months ago
Kristen:
It sounds like your company is off to a good start. As stated in the Siemens case, employees liked the sharing of ideas and saw the benefit of the sharing by improving their work performance by some of the ideas from others. I think this is an important piece of the open innovation process. When people see the personal benefit a…[Read more]
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Angela Edwards commented on the post, Case Question: Open Innovation, on the site 9 years, 7 months ago
It is important to have a plan for the program. They need to set objectives and give guidelines to make sure the program does not get out of hand. I think open innovation is important to grow just about any business. It is important to be open to new ideas to help improve the processes, products, services, etc. There are different ways of doing…[Read more]
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Angela Edwards commented on the post, Case Question: Radiohead, on the site 9 years, 7 months ago
There are fewer costs associated with digital media than physical media. Both types of media costs include artist’s royalties/shares, record company’s profit/shares and retail profit/iTunes shares. Physical media costs include publishing royalties, packaging and manufacturing, distribution, marketing and promotion. One of the problems with dig…[Read more]
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Angela Edwards commented on the post, Reading Question: The Cloud, on the site 9 years, 7 months ago
The “cloud” is an off-site server, owned by a third party, hosting several individual’s or companies’ can store their data and use software. The cloud eliminates the need for those individuals to have the hardware and everything that goes with it at their personal sites.
I think it will have a lasting impact as long as the internet provide…[Read more] -
Angela Edwards commented on the post, Weekly Question #4: Complete by February 15, 2017, on the site 9 years, 7 months ago
I don’t believe BYOD would be supported at my workplace. I work for a very conservative group of engineers. Over the past few years it has been suggested by our IT consultants that it would be more practical to use cloud based applications. The owners of the business want the server to reside in our offices so we have ‘control’ of the infor…[Read more]
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Angela Edwards commented on the post, Weekly Question #5: Complete by February 25, 2016, on the site 9 years, 7 months ago
The four major web services offered by Amazon.com are Amazon Simple Storage Service (S3), Amazon Elastic Compute Cloud (EC2), Amazon Simple Database (SImpleDB), Amazon Simple Queue Service (SQS). S3 used the same technology created for Amazon’s internal operations to provide a basic interface for storing and retrieving data from anywhere on the W…[Read more]
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Angela Edwards commented on the post, Weekly Question #5: Complete by February 25, 2016, on the site 9 years, 7 months ago
Wyeth felt that IT would organize its operations and give them the tools they need to manage a global firm. IT would give locations access to information from other locations. The understanding was that if you are going to have a global company, you must have standard processes to facilitate interactivity amount the units. IT would provide…[Read more]
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Angela Edwards commented on the post, Reading Question: Business Models, on the site 9 years, 7 months ago
I spend many years volunteering for a non-profit. Over the years I discovered it is very difficult to get people to volunteer. We would get about 5% of the people to volunteer and it was the same people year after year. A very small percentage end up doing most of the work. Under these circumstances it is hard to keep people volunteering year…[Read more]
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Angela Edwards commented on the post, Reading Question: IT Investments, on the site 9 years, 7 months ago
Mariya:
You make very good points about the IT world. I also think they speak their own language and many people are intimidated by this because they don’t have a strong understanding of how it works. I work for a small firm and we do not have money to throw away on software packages that don’t fit our needs. We look to get a more customized…[Read more]
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Angela Edwards commented on the post, Reading Question: IT Investments, on the site 9 years, 7 months ago
I feel that we under-invest in our information technology. My company tends to fix things when they break rather than be proactive in replacing outdated equipment. IT equipment is only replaced when absolutely necessary. We tend to put a “band-aid” on the problems. When the executive team meets to discuss the firm’s IT needs it ends up being a thr…[Read more]
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Angela Edwards commented on the post, Weekly Question #8: Complete by November 2, 2017, on the site 9 years, 7 months ago
I work for electrical engineering firm. We have three business segments – engineering; design and construction; and management consulting services. Our customer segments are comprised of resource recovery and solid waste management companies, municipal water and waste water treatment plants, passenger and Class I freight railroads, energy u…[Read more]
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Angela Edwards commented on the post, Case Question: Volkswagen – Critical Unfunded Project, on the site 9 years, 7 months ago
Because unit managers are focused on their own agendas they only partially funded the supply flow project. Because of this the multiyear SAP implementation, midway finished would not be able to stay on track. The cost of this project would have taken a signification amount of the IT budget. Also this project would be recognized at the global level…[Read more]
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Angela Edwards commented on the post, Weekly Question #8: Complete by November 2, 2017, on the site 9 years, 7 months ago
If Matulovic gives special treatment to his fellow executives the new system is in jeopardy. There will be a breakdown in procedures which will cause executives to mistrust the new process. By keeping the priority list in order of projects achieving enterprise goals, then in theory, the projects that are selected will benefit the company as a…[Read more]
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Angela Edwards commented on the post, Weekly Question #8: Complete by November 2, 2017, on the site 9 years, 7 months ago
Matulovic wanted to involve everyone in setting the IT priorities. But what he found was most managers are concerned with their own area and do not see the global impact of the IT projects. In the early 1990’s VWoA learned the importance of not cutting the IT department too deeply. In order to cut costs they outsourced the IT duties and d…[Read more]
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Angela Edwards changed their profile picture 9 years, 7 months ago
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Angela Edwards commented on the post, Weekly Question #7: Complete by March 27, 2017, on the site 9 years, 7 months ago
I think there is always going to be a certain level of fraud. Companies can take steps to keep financial information secure but you will always have the human element. Hackers are looking for the weak link. They have a mission to find a way to beat the system. Employee passwords are one of the avenues hackers use to access this data. Employees…[Read more]
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Angela Edwards commented on the post, Case Question: When Hackers Turn to Blackmail, on the site 9 years, 7 months ago
Ademola:
You make very good points. I agree with your assessment that Paul Layman should have notified his IT director about the original email. Even if he thought the email was not legitimate, by notifying the IT department it gave them a chance to review the current system to look for loopholes. They also may have been able to determine that…[Read more]
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Angela Edwards commented on the post, Case Question: Airbnb — Information Sharing, on the site 9 years, 7 months ago
I am not sure that renters need to know anything personal about the host other than who to contact if there is a problem with the property. Renters should know what they are getting for their money. They need to know the location of the property, its proximity to local attractions, public transportation, etc. Most importantly, the property should…[Read more]
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