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socialutions

The Emergence of New Management Methods

A Public Innovation System?Yesterday

In order to restructure our financial system; we first need to restructure our innovation system.  ALL of the top ten reasons for business failure are due to a lack of knowledge, not a lack of money.

Top 10 reasons why businesses fail:

1.    Lack of an adequate, viable business plan
2.    Insufficient sales to sustain business
3.    Poor marketing plan: unappealing product, poor customer identification, incorrect pricing and lackluster promotion
4.    Inadequate capital, misuse of capital and poor cost control
5.    Poor management skills: lack of delegation, leadership and/or control
6.    Lack of experience and knowledge
7.    Lack of managerial focus/commitment
8.    Poor customer service
9.    Inadequate human resource management
10.    Failure to properly use professional advice: i.e. accounting, legal, financial, etc.

Lack of a viable business plan is an act of negligence where research, scenarios, and assumptions have not been tested.  Market ignorance is not an excu

How Can Business Rebuild?January 6

The word “rebuild” means: 1. to make extensive repairs to : reconstruct 2: to make extensive changes.Given this definition it would be beneficial to identify the critical business elements which need extensive repairs or changes.

Business leaders face many challenges in the years ahead. This article is designed to outline the critical elements which define what the repairs and changes ought to be to insure your business a stronger future.

What Are the Elements Needing Change?

Elements are the fiber of strategic importance that set an organizations agenda and actions.The coming year is sure to see significant change in the economy, in technology, communications and the entire business landscape.

The new business environment is driven by market participation in processes, products and people. Social technology enables businesses with the ability to effectively reac

Social Media Frequent Flyer Miles?January 5

The Internet is a lot like a commercial airplane – it is very useful in transporting us to distant lands but the real work must happen on the ground. The organization of society at both ends of an Internet destination must be developed if real wealth is to be created. Social Media needs to develop this component at this critical juncture of human history when vast amounts of social capital, creative capital, and intellectual capital are being sent to the shores of despair upon Unemployment Air Line.

Computer enabled society:

The great opportunity of our generation in the fair, sustainable, and equitable creation of wealth through innovation in a computer-enabled, open-sourced, and democratic society that can organize its own knowledge in the form of a financial instrument. The great danger, of course, is if we miss the flight and engender a computer simulated society where it is easier to interact with online community than our own neighbors. It’s like getting on an airplane for the fine view, good food, and interesting conversation. Social capital is by far the most powerful force of change and social media must now touch the ground in a meaningful, systemic, repeatable, and scalable manner.

The analogy continues:

The earliest days of

What Are The Tangible Benefits?January 4

The value of using the social web for business is “cloudy” to say the least.

Leaders constantly ask “what is it” that allows us to create value for our shareholders, our bottom-line, our employees and our customers.

It is the way business leaders think that makes the social web cloudy because they try and fit the tangible and intangible benefits of conversations, relationships and subsequent transactions into a “box“.

Most management practices are focused on end results without a comprehension of the value attributes, many intangible, that create the results. This mindset is why many businesses cannot comprehend both the dynamics and value creation that the social web produces for its users, one to one to millions. Those very users are the people whose actions, reactions or inactions create the end results for business.

When we talk about conversations, relationships and social networks many business leaders view these topics as intangibles and as such they cannot put them in a neat “box” to analyze, measure and capture on financial statements.

Intangibles can be “cloudy” elements of a business and are generally regarded as pertaining to:

• Customer good will, employee morale, increased bureaucracy,

How Big Is Yours?January 2

Big and BIGGER has always been the goal of many. As adolescents we wanted to be taller, stronger and part of the Bigger crowd of in people. As adults we pursued BIG jobs, BIG positions and BIG money. Men and women pursue their own sense of BIG whether it be bank accounts, homes, cars or parts of their anatomy. Businesses strive to get BIGGER, media likes the influence of being BIG, Wall Street likes BIG deals and everyone thinks they have the BIG idea that will change their industry, their life and others forever.

Human nature is predictalbe and what we see emerging in the virtual world mimics human behavior in the physical world. Humans migrate in swarms following “scents” of movement by others. Some join the crowd because their friends are following the crowd. Others follow because they don’t want to miss something they anticipate as “happening” and yet they really have no idea what is actually “happening“.

Big crowds attract bigger crowds. The bigger the “collective voice” of the people the more others hear the “voice of the people“. Big begets the pursuit of Bigger in everything and anything. However, Big usually means slow and bureaucratic, power struggles and politics, weal