Monday, December 31, 2012

3 January Knowledge History - Science, Engineering and Management

1 January Knowledge History - Science, Engineering and Management


Happy New Year to all readers


Patents Issue



Birthdays - Nobel Prize Winners
1941 Sir Martin Evans
Nobel Lecture: Embryonic Stem Cells
http://www.nobelprize.org/nobel_prizes/medicine/laureates/2007/evans-lecture.html

Birthdays
1894 - Satyendra Nath Bose  - Boson is named after him
1954 - Gary Hamel
           http://www.garyhamel.com/
           Gary Hamel on Innovating Innovation - 11 December 2012
           http://www.forbes.com/sites/stevedenning/2012/12/04/gary-hamel-on-innovating-innovation/
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May 2011 video
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Nobel prize winners with birthdays in January
http://www.nobelprize.org/nobel_prizes/lists/birthdays.html

Management Knowledge Revision



Economics of Advertising - Economics for the CEO - Managerial economics

Managerial Economics of Basic Price - Joel Dean


Knowledge News 2013

3D Printing application Making a statue of yourself. Interesting possibility.

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

4 January Knowledge History - Science, Engineering and Management



Patents Issue

1921 - Battery Tray - to Edison - 1,364,358
           http://www.google.com/patents/US1364358
         
2011 - Tire - Assigned to Goodyear
           http://www.strutpatent.com/patent/d0630160/tire (d indicates design)



http://www.strutpatent.com/date/2011/january/04/all

Birthdays

Nobel Prize Winners

1940 Brian David Josephson
        The Discovery of Tunneling Superccurrents
         Nobel Lecture http://www.nobelprize.org/nobel_prizes/physics/laureates/1973/josephson-lecture.html

1940 Gao Xingjian
         The Case of Literature
          Nobel Lecture - http://www.nobelprize.org/nobel_prizes/literature/laureates/2000/gao-lecture-e.html

1945 Richard R. Shrock
        Multiple Metal Carbon Bonds for Catalytic Metathesis Reactions
        http://www.nobelprize.org/nobel_prizes/chemistry/laureates/2005/schrock-lecture.html 

Management Knowledge Revision


Operations Strategy and Competitiveness - Review Notes

Optimizing the Use of Resources with Linear Programming


Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

5 January Knowledge History - Science, Engineering and Management

Issue of Patents

1892 - Art of Electrolytic decomposition - Edison - 466,460
           http://www.google.com/patents/US466460

2010 Patent issued for the cartridge and the method of preparation of beverages in a machine. Kraft Foods
        http://www.google.com/patents/US7640843
2010 Robot Arm - D0607477
        http://www.strutpatent.com/patent/d0607477/robot-arm
2010 Automobile wheel - D0607396
        http://www.strutpatent.com/patent/d0607396/automobile-wheel (D indicates design patent)

Birthdays

1855 King C.Gillette - inventor - safety razor

Nobel Prize Winners

1846 - Rudolf Christof Eucken
           Naturalism or Idealism
            http://www.nobelprize.org/nobel_prizes/literature/laureates/1908/eucken-lecture.html

1874 - Joseph Erlanger
           Some Observations on the Responses of Single Nerve Fibers
           http://www.nobelprize.org/nobel_prizes/medicine/laureates/1944/erlanger-lecture.html


Management Knowledge Revision


Learning Curves - Review Notes

Operations Project Management


Science, Engineering and Management Knowledge History of the Day - Index for the Year

6 January Knowledge History - Science, Engineering and Management



Patents Issued
1914 - Insulating compound - Edison - 1,083,354
1914 - Art of forming chemical compounds - Edison - 1,083,355
1914 - Storage Battery - Edison - 1,083,356

1925 Cosmetic and Process of Producing the Same;  - Goerge Washington Carver - 1,522,176
         http://www.google.com/patents/US1522176

http://www.tomedison.org/patent.html



Birthdays - Nobel Prize Winners

1944 Rolf M. Zinkernagel

Management Knowledge Revision


Process Analysis - Operations Management

Product Design - Review Notes


Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center


10 January Knowledge History - Science, Engineering and Management




Patents issued

1978 - Typewriter carriage movement mechanism - James L. Wienhold - No. 4067430
           http://www.google.com/patents/US4067430

2012   10 January Wheel bearing apparatus for a vehicle
     www.google.com/patents/US8092096
2012   10 January Complete machining center and method
     www.google.com/patents/US8091191



Birthdays - Nobel Prize Winners

1916 Sune K. Bergstrom
1936 Robert Woodrow Wilson

Management Knowledge Revision


Supply-Chain Strategy - Review Notes

Strategic Capacity Management

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

Saturday, December 29, 2012

12 January Knowledge History - Science, Engineering and Management



Patents issued

1954 - Biochemical Processes for the 11-Hydroylation of Steroids - Gregory G. Pincus and Oscar Hechter - 2,666,015
           http://www.google.com/patents/US2666015


2005 - 12 January NC Lathe
     www.google.com/patents/EP1495833A2?cl=en



Birthdays - Nobel Prize Winners
1899 Paul Muller


Management Knowledge Revision


Aggregate Sales and Operations Planning - Review Notes

Inventory Control - Review Notes for Chase et al.

2011
News
Researchers at the University of New South Wales, Australia developed the world's fastest solar car that travelled at the speed of 88 kmph. It is named Sunswift IVy

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

13 January Knowledge History - Science, Engineering and Management

14 January Knowledge History - Science, Engineering and Management




Patents Issued

1873 - Automatic Telegraph instruments - 134,867
1873 - Electro-magnetic adjusters - 134,868

1913 - Art of Separating Copper from other metals - Edison - No. 1,050,629, and 1,050,630

1964 - Foil Electret Microphone - Gerhard M. Sessler - 3,118,022
          http://www.google.com/patents/US3118022

2004 - 14 January Water soluble tooling materials for composite structures
     www.google.com/patents/EP1379367A1?cl=en

Birthdays

1914 Thomas John Watson Jr. IBM

Management Knowledge Revision


Simulation - Review Notes

Synchronous Manufacturing and Theory of Constraints


Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

15 January Knowledge History - Science, Engineering and Management



Patents issued

1985 - Feeback control - Amar Bose - 4,494,074

1861 - Improvement in Hoisting Apparatus Elevator Brake - Elisha Graves Otis - 31,128
          http://www.google.com/patents/US31128

Birthdays - Nobel Prize Winners

1895 Artturi Ilmari Virtanen




Management Knowledge Revision


Financial Analysis - Review Notes

Operations Technology - Review Notes

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

17 January Knowledge History - Science, Engineering and Management

18 January Knowledge History - Science, Engineering and Management

19 January Knowledge History - Science, Engineering and Management

20 January Knowledge History - Science, Engineering and Management

Friday, December 28, 2012

21 January Knowledge History - Science, Engineering and Management



Patents Issue


1919 - Edison - Swaging machine - 1,292,277
1930 - Edison - Mounting for diaphrams of sound boxes - 1,744,534
1930 -  Edison - Production of moulded articles - 1,744,534

1969 - Lyophilized Reaction Mixtures - Emmett W. Chappelle -  3,423,290
           http://www.google.com/patents/US3423290

Birthdays - Nobel Prize Winners
1912 Konrad Bloch



Management Knowledge Revision

Managing Economies of Scale in the Supply Chain

Managing Uncertainty in the Supply Chain: Safety Inventory

Science, Engineering and Management Knowledge History of the Day - Index for the Year

Knowledge History of the Day - Index for the Year

Management Theory Review Blog
Management Knowledge Center
Engineering and Technology Knowledge Center
Science Knowledge Center
Social Science Knowledge Center

22 January Knowledge History - Science, Engineering and Management

24 January Knowledge History - Science, Engineering and Management

26 January Knowledge History - Science, Engineering and Management

27 January Knowledge History - Science, Engineering and Management

28 January Knowledge History - Science, Engineering and Management

29 January Knowledge History - Science, Engineering and Management

30 January Knowledge History - Science, Engineering and Management

Thursday, December 20, 2012

How to Respond to Price Attack by Aggressive Competitor?





1. Estimate the sales loss and profit loss that would be suffered by the company if price is reduced to maintain the market share.

2. Find out response alternatives and see if any alternative would lower sales and profit sales.

3. Assess, if you reduce the price, whether competitor will reduce the price further to capture his market share target. (This requires assessment of cost data of competitors and see whether competitors can still reduce price).

4. Think of multiple responses that protect higher price and margin sales.

5. If competitor is attacking in a particular market, assess its effect on the geographies and other product markets.



How to manage an aggressive competitor
George E. Cressman, Jr.
Senior Pricer and Director, Strategic Pricing Group, Inc., Waltham, Massachusetts
Thomas T. Nagle
Chairman, Strategic Pricing Group, Inc., Waltham, Massachusetts
(www.strategicpricinggroup.com)

Business Horizons / March-April 2002, Pp.23-30

Business Marketing Management
Michael D. Hutt and Thomas W. Speh
2012
http://books.google.co.in/books?id=8lMAWJXtf6QC


Tuesday, December 11, 2012

Career Opportunities for General Managers - Profit Center Managers


General management is profit center management. It is management of both marketing-sales and operations or supply chain function and the necessary support functions.

What is the scope for this activity in corporate sector?

In the Book Meta Analytic Organization, by Lex Donaldson, http://books.google.co.in/books?id=KwE5hMr-2YsC  page 115, it is mentioned that an average firm has 50 profit centers.

ABB has 5000 profit centres.

Career Opportunities for General Managers - Profit Center Managers


General management is profit center management. It is management of both marketing-sales and operations or supply chain function and the necessary support functions.

What is the scope for this activity in corporate sector?

In the Book Meta Analytic Organization, by Lex Donaldson, http://books.google.co.in/books?id=KwE5hMr-2YsC  page 115, it is mentioned that an average firm has 50 profit centers.

ABB has 5000 profit centres.

Career Opportunities for General Managers - Profit Center Managers


General management is profit center management. It is management of both marketing-sales and operations or supply chain function and the necessary support functions.

What is the scope for this activity in corporate sector?

In the Book Meta Analytic Organization, by Lex Donaldson, http://books.google.co.in/books?id=KwE5hMr-2YsC  page 115, it is mentioned that an average firm has 50 profit centers.

ABB has 5000 profit centres.

Career Opportunities for General Managers - Profit Center Managers


General management is profit center management. It is management of both marketing-sales and operations or supply chain function and the necessary support functions.

What is the scope for this activity in corporate sector?

In the Book Meta Analytic Organization, by Lex Donaldson, http://books.google.co.in/books?id=KwE5hMr-2YsC  page 115, it is mentioned that an average firm has 50 profit centers.

ABB has 5000 profit centres.

Career Opportunities for General Managers - Profit Center Managers


General management is profit center management. It is management of both marketing-sales and operations or supply chain function and the necessary support functions.

What is the scope for this activity in corporate sector?

In the Book Meta Analytic Organization, by Lex Donaldson, http://books.google.co.in/books?id=KwE5hMr-2YsC  page 115, it is mentioned that an average firm has 50 profit centers.

ABB has 5000 profit centres.

Career Opportunities for General Managers - Profit Center Managers


General management is profit center management. It is management of both marketing-sales and operations or supply chain function and the necessary support functions.

What is the scope for this activity in corporate sector?

In the Book Meta Analytic Organization, by Lex Donaldson, http://books.google.co.in/books?id=KwE5hMr-2YsC  page 115, it is mentioned that an average firm has 50 profit centers.

ABB has 5000 profit centres.

Career Opportunities for General Managers - Profit Center Managers


General management is profit center management. It is management of both marketing-sales and operations or supply chain function and the necessary support functions.

What is the scope for this activity in corporate sector?

In the Book Meta Analytic Organization, by Lex Donaldson, http://books.google.co.in/books?id=KwE5hMr-2YsC  page 115, it is mentioned that an average firm has 50 profit centers.

ABB has 5000 profit centres.

Career Opportunities for General Managers - Profit Center Managers


General management is profit center management. It is management of both marketing-sales and operations or supply chain function and the necessary support functions.

What is the scope for this activity in corporate sector?

In the Book Meta Analytic Organization, by Lex Donaldson, http://books.google.co.in/books?id=KwE5hMr-2YsC  page 115, it is mentioned that an average firm has 50 profit centers.

ABB has 5000 profit centres.

Career Opportunities for General Managers - Profit Center Managers


General management is profit center management. It is management of both marketing-sales and operations or supply chain function and the necessary support functions.

What is the scope for this activity in corporate sector?

In the Book Meta Analytic Organization, by Lex Donaldson, http://books.google.co.in/books?id=KwE5hMr-2YsC  page 115, it is mentioned that an average firm has 50 profit centers.

ABB has 5000 profit centres.

Friday, December 7, 2012

What is a Business Model and How do You Develop One?



A business model has a demand curve for the product of the company and a supply curve for the product of the company. The company has to derive the demand curve based on market research of customers and competitors.

The company has to derive the supply curve based on its operations plan, that includes product/service design, location, technology and its further development, human component-capital component choices, resource maintenance ability, cost management ability, learning ability and its supply chain.

Any acceptable business plan must have the required profit visible in this combination of demand and supply curves.

The business model is presented with the demand for the price the company wants specify and the corresponding supply.


How do you develop one?

You have to develop the concept of your product and distribution channel. You need to define your customer or the target market. The credit terms you plan to give have to be specified You need to specify your marketing communication effort. Then you have do market research to come out with demand estimate. To start-up financiers you have to give all the details. Some of them are going to assess your business model logically. Some of them may do some actual market research as a sample in a small space.

Similarly you need to develop various details of your operations plan. Develop cost estimates for your operations chain. Give the details to financiers so that they recheck whether you will be able to supply at the estimated cost the product or service to the market.

Why Business Models Matter?
Joan Magretta
Harvard Business Review, 2002

Do Some Business Models Do Better Than Others - MIT Working Paper - 2005
http://ccs.mit.edu/papers/pdf/wp226.pdf

From Strategy to Business Models to Tactics
Ramon Casadesus- Masanell and Joan Enric Ricart
HBS Working Paper 10-036

How to Design a Winning Business Model?
Ramon Casadesus- Masanell and Joan Enric Ricart
Harvard Business Review, January 2011


Business Model Reengineering


Business Model Reengineering is the New Buzzword


Michael Hammer proposed Business Process Reengineering (BPR)

Venkat N Venkatraman is reminding business leaders the new imperative - Business Model Reengineering.


For Hammer, the base for BPR was technology.

For Venkatraman, the base for Business Model Reengineering is Web. Now it is cloud. People across the globe are now connected through the cloud and are in instant touch. Communication and transactions are now taking place instantly in the cloud. The bandwidth available to users will still further increase and cloud or web based interaction will increase exponentially and time delays will decrease further substantially.

Just as Hammer told business people don't automate business process but reengineer them. Obliterate the current processes and design radically new processes by understanding the power of the new technology.

Venkatraman gives similar call. Don't transfer the work under the current business model to a cheaper location using cloud. Radically reengineer your business models. You can build more effective and efficient business models.

Has any body done it?  Yes. You have totally digital technology based businesses like Google, Amazon, Facebook, Twitter. Yes, they created radically new business models. But the surface of the scope is yet to be scratched. Businesses have not yet grasped the potential.

Venkatraman says, don't look at your current competitors with the same business model and be complacent.  There are many small players in the shadows experimenting with digital technology business models. If you don't take initiatives now, you may face a sudden challenge that you can't survive.

Five Web Framework


Venkatraman formulated the five web framework as Mobile Web, Social Web, Media Web, Real-time Weba and Machine Web.  These five webs are interconnected also.

Mobile web has 5 billion mobile phones. Social web has users on Facebook and Google+ and many others. Media Web has YouTube and many blogs on various platforms apart traditional media now offering e-editions Real time web has twitter. Machine web is the connected machines communicating with each other and taking actions through digital communications.

In the digital economy and infrastructure, advertising has become an important revenue source and permission has become a marketing step. Consumer has more involvement in product creation as well as product promotion.


To Understand More the Five Web Model
http://www.slideshare.net/Venkat101/venkatraman-five-webs

Globalization 3.0 - A talk by Prof Venkatraman on Importance of Expertise
http://management.bu.edu/blog/2010/02/22/professor-n-venkatraman-on-globalization-3-0-and-the-shift-from-economies-of-scale-to-expertise/

Interview with Venkatraman - Economic Times - 7 December 2012
http://economictimes.indiatimes.com/features/corporate-dossier/time-is-right-for-indian-it-companies-to-change-the-way-the-world-sees-them-venkat-n-venkatraman/articleshow/17506823.cms

Digital Technologies - What does it mean for CIOs - October 2011 Presentation
http://www.slideshare.net/Venkat101/it-everywherewhat-does-it-mean-for-future-cios

Relation between Business and IT - October 2002
http://www.sieberpartners.ch/storage/cno-2012/cno12-prof-venkatraman.pdf




IT-Enabled Business Transformation: From Automation to Business Scope Redefiniton.
Venkatraman, N
Sloan Management Review; Winter 1994; 35, 2; Pp. 73-87


Journal of Management - Prof Venkatraman is the 22 most downloaded management researcher.



Related Articles and Reports

Business Transformation and New Business Model - Accenture Presentation
YouTube Video upload by Accenture

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Accenture
How to Transform the Business Model: Analog to Digital
http://www.accenture.com/us-en/outlook/Pages/outlook-journal-2012-from-analog-to-digital-how-to-transform-business-model.aspx

IBM
Digital Transformation - Creating New Business Models
http://www-935.ibm.com/services/us/gbs/thoughtleadership/ibv-digital-transformation.html


When and How to Innovate Your Business Model? - IBM Institute for Business Value
ftp://public.dhe.ibm.com/common/ssi/ecm/en/gbe03260usen/GBE03260USEN.PDF