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Duke Tran commented on the post, Weekly Question #6: Complete by October 15, 2015, on the site 9 years, 3 months ago
Embrace innovations, disruptions, and different ways of doing things like Airbnb, Google Drive, Cloud Computing, and Radiohead. Continue to be vigilant and be mindful of hackers and security breaches as Target and Sony have experienced. Learn from the successes and mistakes when leveraging IT as corporate change initiatives as Wyeth and Siemens…[Read more]
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Duke Tran commented on the post, Reading Question: Disruption of Abundance, on the site 9 years, 3 months ago
LeRena, thanks for sharing your story. It is one that many developers including myself share. The turnaround time from ideas to development to pushing to market fir smartphone apps is so short that many of us are just not able to adjust. However, I do think that the next great app is really just an idea away so I hope your friend does not get…[Read more]
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Duke Tran commented on the post, Reading Question: Disruption of Abundance, on the site 9 years, 3 months ago
Kerry, your two examples of purposely using scarcity in a market of abundance to drive market demands are great. I absolutely agree that the approach Nike has take with the limited release of their shoes including the Air Jordans has been extremely disruptive to the market and society.
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Duke Tran commented on the post, Case Question: Open Innovation, on the site 9 years, 3 months ago
Sam, this was a great analysis of the situation at Siemens and how correctly and successfully implement Open Innovation. The well planned steps you identified is a great way to line up the initiative with corporate strategy.
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Duke Tran commented on the post, Case Question: Radiohead, on the site 9 years, 3 months ago
Hi Christine, I completely agree that digital media has given the artists a bit more leverage with contract signings or renewals. And yes, the record labels are rethinking their business models to adjust to the digital media. For example, I absolutely loved what Jay-Z’s label did in 2013 when he signed and exclusive $5 million deal with Samsung.…[Read more]
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Duke Tran commented on the post, Case Question: Open Innovation, on the site 9 years, 3 months ago
@Bruce, I think Lackner was frustrated that the open innovation initiatives were being driven by his group. Although some of the business units have reached out to do joint projects, CT still drove or funded the projects. I agree with both you and Paul that Lackner was just stating the loss of value to the company if they shut down the open…[Read more]
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Duke Tran commented on the post, Weekly Question #4: Complete by February 15, 2017, on the site 9 years, 3 months ago
Saqib, it was very interesting to learn that you are such an accomplished author. As you stated, the sheer amount of work involved in self publishing makes it a labor of love for those who are able to do it. In addition, most who do it are not looking to make the best seller list but rather the joy and satisfaction of putting their work out…[Read more]
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Duke Tran commented on the post, Weekly Question #4: Complete by February 15, 2017, on the site 9 years, 3 months ago
Steve, thanks for the insight from someone well versed in the world of e-commerce. It was interesting to learn of your strategy to promote your book instead of using a publisher. I would never have thought to hire a search expert to drive demand for a book. My first thought would be to go to Amazon and look for the subject matter. I wonder if…[Read more]
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Duke Tran commented on the post, Weekly Question #4: Complete by February 15, 2017, on the site 9 years, 3 months ago
Kristin, thank you for the post and stating such a reasonable argument. Although I still think that abundance is more disruptive, I absolutely agree that both abundance and scarcity require society to adapt to each situation.
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Duke Tran commented on the post, Weekly Question #4: Complete by February 15, 2017, on the site 9 years, 3 months ago
Paul, Kevin : great postings from both of you. Art and beauty is definitely in the eye of the beholder. And to that end, people with a lot of money will be willing to pay premium even ridiculous amount to be able to own something. What a great job by Wu-Tang to stay relevant and even cause a stir with this marketing ploy! As a fan of theirs…[Read more]
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Duke Tran commented on the post, Weekly Question #4: Complete by February 15, 2017, on the site 9 years, 3 months ago
Steve, I agree that the execution was off and KPI metrics were never discussed. What is odd is the Exhibit 6 should some great potential for measurable gains in cost and time saved from the use of Technoweb 2.0 but nothing more was done with these “success stories” to really show the true benefits of this open innovation. The main thing that…[Read more]
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Duke Tran commented on the post, Reading Question: Community of Practice, on the site 9 years, 3 months ago
I am a member of the Project Management Community of Practice (PM CoP) at my work. Before joining the PM CoP, I was a member of a committee known as the Project Management Advisory and Action Team which was tasked to consolidate the documentations and processes that Project Manager (PM) in the my department were using for the projects. We…[Read more]
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Duke Tran commented on the post, Reading Question: Disruption of Abundance, on the site 9 years, 3 months ago
Abundance can be more disruptive than scarcity in most cases but not all cases. In my response back to Alex, I argued that the automobile is an extreme example that counters this thought process. However, a great example of this is found within our smartphone every time we use it. May I ask you to think something that someone out there has not…[Read more]
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Duke Tran commented on the post, Reading Question: Disruption of Abundance, on the site 9 years, 3 months ago
Alex, great post using the world of peer review journals as an example. I do agree that abundance can be more disruptive than scarcity in most cases but not all cases. One example that I can think of that counters this thought process though is the automobile. When Ford Model T rolled off the line, it was a disruptive innovation that allowed…[Read more]
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Duke Tran commented on the post, Weekly Question #5: Complete by February 25, 2016, on the site 9 years, 3 months ago
Siemens should continue to build upon the great success of Technoweb 2.0. Corporate Technology (CT) should highlight and bring to the forefront the success stories and reported cost savings in labor hours, ideas, and access to new suppliers spawned through Technoweb 2.0 to its senior management in the form of reportable metrics. For instance,…[Read more]
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Duke Tran commented on the post, Weekly Question #5: Complete by February 25, 2016, on the site 9 years, 3 months ago
For any company considering an open innovation initiative, the first step is identifying the metrics to analyze its effectiveness. The company needs to create processes to measure both the strategic and operational costs and benefits of its open innovation project. Secondly, the company has to assess the factors to employees’ resistance, p…[Read more]
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Duke Tran commented on the post, Weekly Question #5: Complete by February 25, 2016, on the site 9 years, 3 months ago
From the record labels perspective, the main advantage of digital media versus physical media is the drastic reduction in the costs of manufacturing and distribution of CDs. The record labels could redistribute those capital expenditures toward a bigger budget for the promotion and marketing of the artists, their albums, and their tours. The…[Read more]
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Duke Tran commented on the post, Weekly Question #5: Complete by February 25, 2016, on the site 9 years, 3 months ago
Paul, thanks for sharing your insight as an insider at Siemens. It is very surprising to hear you mention that the silo mentality you encountered during your time there was actually understated by the case as these cases usually exaggerate the real environment. I really like your suggestion to add a separate Open Innovation category on the BU…[Read more]
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Duke Tran commented on the post, Reading Question: BYOD, on the site 9 years, 3 months ago
Ron, thanks for the feedback and the great questions. Employees have had the ability to work wirelessly for a while now and almost all of us take advantage of this. The BYOD network is strictly just for personal devices and does not allow access to the intranet. As I noted to on another post, my company has an implicit agreement that anyone…[Read more]
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Duke Tran commented on the post, Reading Question: The Cloud, on the site 9 years, 3 months ago
Jon, one caveat that many people have mentioned is the security of data. If security is not a big concern, a cloud-based solution sounds like it could meet your needs to increase performance.
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