Showing posts with label problem solving. Show all posts
Showing posts with label problem solving. Show all posts

Saturday, February 27, 2010

Genius is misunderstood as a bolt of lightning

Genius is misunderstood as a bolt of lightning: "

Genius is the act of solving a problem in a way no one has solved it before. It has nothing to do with winning a Nobel prize in physics or certain levels of schooling. It's about using human insight and initiative to find original solutions that matter.

Genius is actually the eventual public recognition of dozens (or hundreds) of failed attempts at solving a problem. Sometimes we fail in public, often we fail in private, but people who are doing creative work are constantly failing.

When the lizard brain kicks in and the resistance slows you down, the only correct response is to push back again and again and again with one failure after another. Sooner or later, the lizard will get bored and give up.

Friday, July 24, 2009

Strategic Planning Success Story

Years ago i was asked to step into a Biotech firm that had just been taken over by new management via a hostile takeover. The place was a wreck. It had been started via a small IPO, and the management team squandered the money on overblown facilities & unproductive staff. My first task was to stabilize cashflow, which I did by collecting past-due receivables and renegotiating just about everything. I then focused on the larger picture of redeveloping the company into a winner (note: they had never made a profit up th this point). I dumped the fancy facilities, reduced the staff to a small key group, outsourced production at reduced cost, and developed a marketing strategy that got the company into profitable status. Meanwhile, I courted a venture capital group who injected cash and took the company private. Ultimately, the company was consolidated with another firm which had national distribution channels. They went from being a near-bankrupt small-cap loser to a vibrant mid-cap winner. I'm proud of that and the many other contributions I've made over my career. There were many lessons to be learned from that experience, but the key lesson was to "get off my butt and do something". The biggest mistake of all is inaction; a lesson the old management learned when they sat on their butts while the company crumbled around them. The second-most-important lesson was to have a plan. Planning forces one to exerise the discipline of developing & thinking through their strategy, and provides a "bible" for running the business. Without a plan, most people are just throwing money away. I've got a great story about an Aerospace company that I'll tell another day.

Regards,
Al Walsh, CEO
Walsh Enterprises, Business & Financial Advisors
http://www.awalsh.us

Go to http://www.walshal.wordpress.com where you can access:
* Articles on Business, Economy, and Career
* Presentations I've written on various business topics
* Information Resources on varied business topics

Sunday, June 28, 2009

Idea Connection – Online Innovation – It’s not a complicated issue


MBUintelligence was invited to take part on this interesting and immense project. Building relationships, communicate the platform and help Spanish companies to achieve short term goals regarding innovation.

We are honoured in participating on such a huge Project, that is growing very fast in a sustainable manner. Visit the Spanish version

Review the Spanish version of the Website. If you find any mistake, please tell us. Visit the international web page

Please feed us back about this article.
Best regards,
MBUintelligence

Thursday, June 18, 2009

The Power of One

Dear readers,

I am now confident in addressing this article, talking about ILearning Global.TV.

I joined ILearning Global 8 months ago as a marketer and till today I was shy in my attempt of communicating the platform. I was afraid of being miss understood about the venue of the system and about the capabilities that we offer inside. This days are over and I would like to share my experience with you.

Before everything in my life, I consider myself a continuous student, and I deeply believe that just continuous learning can give you the preparation needed to compete in each market we are into. As I tried to prepare myself in the sports field, I believe that I need to do the same in my current professional life: MBUintelligence

The day I join ILG I didn't imagine what we were talking about. I joined because I research every material available over the web and I was very curious about it. I wanted to see the other side. I joined even before the access was available outside US. Today everyone around the world can join.

ILG is nowadays the web platform that incorporates more content on management education. The members of the faculty are people that worked or still work for one the best 500 companies in the world.

I am telling you this story because, when I started MBUintelligence I felt that I was missing my agenda on the time I had available for self-study. I need to study almost everyday.

Today ILearning Global allows me to have access to a knowledge that would be impossible for me to incorporate if I was doing my research by my own. So I strongly recommend that if you see continuous learning the way I see, please research over these links.

The tittle of this article is the power of one. Brian Tracy coached more than 2 million people over his life... Google was created by Page and Brin... Einstein was not an university. And I strongly believe that are people in today's world more brilliant than Einstein. Why? Because technology is allowing human brain to go faster. Do you agree?

Here you have some free resources to see how easy it is the interface usage:
Portal
To learn:
Platform
Global Presentation
To join:
MBUintelligence

Sunday, October 5, 2008

Where is the money? Show me the cash!

Dear friends,

(in this post I will use a numeric metaphore to present some thoughts)

May we agree that:
  1. World's economy is ruled by 10 companies and 10 individuals?
  2. Financial markets are ruled by some efficient mechanisms, however the same 10 companies and 10 individuals are moving the cash switching from off to on shore?
  3. What's happening to world's economy is just a huge capital move from on to off shore?
  4. The money that exists off shore is cheaper, however it is a problem for who owns it.
  5. Switching between the 2 worlds is easy for millionaires. It's harder or impossible for others...

So, in this post I am putting my predictions on the table.

Google "ferrari sales"... The money that is missing inside world financial system will remain OFF untill the bottom is reached... However we can see that luxury goods will be the champions this year: because it is the easiest way of putting some coins ON the system.

Can I have your thoughts on this?

Best regards,
Ricardo

Monday, September 29, 2008

Unsolved problem - Face it - Keep on track!


When we have a big problem that doesn't presents a solution (depends on the nature of the problem off-course), how should we deal with it? You can ask: Why doesn't have a solution?We answer: Because it is a phisical/structural problem - we can't change it. One accident that changes the live of many people including entire companies.
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I was a professional handball. It last 14 years. Enough. My body doesn't want more. I am facing it. It is already past and I can't influence it anymore.
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The solution comes when we are able to handle such a deep change, as the lost of someone we respect or loved (in this case handball itself). Handball was my best school. 

I am posting this article to thank to everyone that helped me to reach good performances when I was a player.

Without others I wouldn't be able to reach anything, I am quite sure of this.
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The future is inmense if our brain is able to keep on track. I will succeed with the same formula I used in handball. With your help. Next year I will publish a book. 




Regards and Thanks
Ricardo Andorinho