Creating the Business Model – Lean Canvas

The following video on Creating the Business Model was completed in conjunction with Business Foundations.

In this video I describe how to use the questions posed in the Lean Canvas to help you flesh out your business model.

If you would like to find out about how I can help your business with a lean workshop, please contact me via www.emergination.com.au

Information Management Challenges in Enterprises

Recently I attended the Institute for Information Management session on Fremantle Ports‘ journey  with information management.

As a part of the session there was an extended discussion on why champions of information management struggle so much in getting buy in from people working in the business to apply good information management practice.

One of the biggest blockers is that some of the  traditional champions of these types of systems still talk about  electronic documents and records management systems. With the invention of DVDs and CDs, the term “record” is as old fashioned as is the notion of a company librarian.

The internet has somewhat liberated us  from the drudge of finding relevant information, however so many people could  find that some simple help on search would be far more practical  assistance.

The common enemy for information managers is the shared drive, and the reasons shared drives are attractive to business users are obvious:

  • fast
  • visual
  • easy to understand
  • drag and drop
  • easy to create from other similar structures used at previous employers
  • cheap, no software cost
  • no change management or training required

However there are plenty of downsides, and the problems manifest more greatly the larger the organisation

  • cannot find information  created and saved by other team members
  • ediscovery  legal issues
  • security  as to who can access which documents
  • version  management through many documents called final or versioned simply by date without regard to contents
  • no ability to easily discover relevant information created by others

Whilst many people that are working in the industry consider they are making headway, the reality is that they only make significant change when the two challenges faced here are brought together.

In the former instance the advantage of a shared drive structure is most felt by the individual. In the latter case, the benefit of using an enterprise content management platform primarily benefits the business as a whole. Clearly then, the technology needs to get out of the way and get back to being a really helpful tool for people creating documents and  using information today.

It is also important to recognise that there are different kinds of information management needs. Individuals often make their own choice of when something is valuable enough that it needs to be versioned and kept, or when it is still very much in a creation stage and not ready to be considered final. The challenge exists in circumstances where many projects start as ideas and stop soon after. It often only becomes apparent what should be kept after the project is complete, and in many cases people are under job and time pressure without the time to go back and appropriately document all that was covered.

I’m a big fan of some of the social business tools that exist, particularly around projects. These tools are of most advantage when you have participants in the project are remotely located and aware of ideas and information is shared in the project. Basecamp is a classic example of one of these tools and there are a range of others such as Jive, Socialtext, Confluence, Cubetree and many others.

If you are interested in a series of tools that I use in running my business that are cloud-based please see June edition of Emergination in Action.

VC Startups Carnival

carnival.jpg

The Startups Carnival runs from March 3 to 17 2008 and is a great opportunity for those people trying to get a new initiative off the ground in the technology space. With an initial focus towards Web 2.0 / Social Networking but also inclusive of other technology environments, initiatives in green technology, it will be a good opportunity to showcase some of the new great ideas that are on the verge of fruition.

So how does it work? Here is an extract from the Startups Carnival site:

How it works:
It’s an online (web based) carnival, starting on March 3, 2008.
On receiving the applications/registration from various startups/ventures, profiles/information will be compiled in a web format. These profiles /information will be published on the carnival portal, starting March 3, 2008. Three/four profiles will be covered everyday on the portal.

So please keep watching the space and make sure you have got your feeds subscribed as we have some grand plans on this to take it further.

In terms of what participants get are:

  • New ventures learn about other ventures and people behind these across Australia.
  • We are finalizing Judging Panel of 3 to be announced by Monday Feb 18, 2008. The panel is going to judge all the ventures on originality, simplicity, technology and marketability. They will select the top three. They will also provide some suggestions to all participants.
  • We are also working on with some sponsors on offering some form of prizes to the top three ventures and few freebies to others. Once finalized it will be published on site.
  • We are also working on getting some famous global bloggers to write about this initiative and people/ventures who are participating.

I’ve been fortunate enough to be invited as a judge along with Duncan Riley and Ross Dawson

So if you have a venture, then check it out and be a part of it.

4 Great Shakespeare Quotes for business

Shakespeare I was flicking through one of my old journals (if you want to read up on the value of keeping a journal or how to, then check out 5 Steps to Journal Writing by a friend of mine, Todd Hutchinson), and came across 4 quotes I noted after reading a book of Shakespeare quotes.

  • We work by wit, not by witchcraft – Othello
    Some in the IT industry would argue the modern day equivalent twist on this is where there is mystery there is margin! In terms of people, process and technology, demystifying process and making technology more simple aids greatly to project success….
  • The force of his own merit makes his way – Henry VIII
    Enough said, you’ve got to be good at what you do…
  • To business that we love we rise betime and go to it with delight – Anthony and Cleopatra
    Would an internal staff satisfaction survey get lots of these kind of responses?
  • Too swift arrives as slow as too tardy – Romeo & Juliet
    There is always enough time to do it right the second time…

And as a bonus, not sure of the author:

  • If in doubt, fall back on the truth

Great quotes are always interesting to share – they often provide succinct insight or expression of a situation. If you have a moment to share your favorite quotes, please do!