Businessweek has an artcile about new online-brainstorm, which is open for employees, contractors and families. The opinions of some 100,000 minds will lead to catalytic innovations so powerful they will transform industries, alter human behavior, and lead to new businesses for IBM. This is called the project an Innovation Jam.
CEO Palmisano says the company will put up to $100 million behind the strongest ideas. He told employees it is the first time "a technology company takes its most valued secrets, opens them up to the world and says, O.K., world, you tell us" what to do with them.
To prepare those invited to participate, the company built an interactive Web site that includes sound clips, virtual guided tours, and video snippets with background information. Two moderators were assigned to four topics: transportation, health, the environment, and finance and commerce.
It is great to see big business embracing user-led innovation. Innovation is not only restricted to products, it can very well be applied to processes, this is the example. One need to find newer ways to contribute to business growth.
How to run such brainstorm sessions on social networking sites like MySpace?
I am thinking about how to motivate people and try to retain them using some innovation? Any clues?
Thursday, August 03, 2006
Tuesday, August 01, 2006
What is take on Tech-Mahindra's IPO
What is analyst's take (In general) on Tech-Mahindra's (Formerly known as MBT) IPO? Is it worth subscribing?
Well, I like some thing about Tech-Mahindra, their focus on one sector, telecom. And with Telecom poised for new growth, it's rather no-brainer to guess Tech-Mahindra will do good. But, is it a good time for this.
I personally feel, it might be a good bet.
Any takers? Comments?
Well, I like some thing about Tech-Mahindra, their focus on one sector, telecom. And with Telecom poised for new growth, it's rather no-brainer to guess Tech-Mahindra will do good. But, is it a good time for this.
I personally feel, it might be a good bet.
Any takers? Comments?
Latest on AI-Indian Merger
The following is an interesting article. This is an article explaining the difficulties AI-Indian merger will face in streamlining the business.
On paper, mergers always look good. But, when comes to streamlining two different cultures, people, mindset, it is difficult task. People mindset is completely groomed in to one culture, and all of sudden if you try to change that you will for sure get resistance. This makes the merger more difficult.
I am of the opinion that, mergers should happen between two 'like-minded' companies and before any kind of merger, top management should think about the culture alignment and streamlining problems one might face.
I read a quote about Time Warner and AOL merger in BusinessWeek. I understood it as a 'failure'.
Even in Indian business scenarios, there are plenty of examples where the post-merger failed to yield desired results.
http://economictimes.indiatimes.com/articleshow/1837620.cms
On paper, mergers always look good. But, when comes to streamlining two different cultures, people, mindset, it is difficult task. People mindset is completely groomed in to one culture, and all of sudden if you try to change that you will for sure get resistance. This makes the merger more difficult.
I am of the opinion that, mergers should happen between two 'like-minded' companies and before any kind of merger, top management should think about the culture alignment and streamlining problems one might face.
I read a quote about Time Warner and AOL merger in BusinessWeek. I understood it as a 'failure'.
Even in Indian business scenarios, there are plenty of examples where the post-merger failed to yield desired results.
http://economictimes.indiatimes.com/articleshow/1837620.cms
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