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Monday, October 31
by
Richard A D Jones
on October 31, 2005 11:37PM (GMT)
Okay you've sold your idea to a big company for $1 a unit they fit it to..... and they make millions each year. Just before you start driving away in your Ferrari though, you realise they aren't building any units with your baby incorporated. What's worse, you can't get the idea back from them. You've been caught in the pay or play trap. more »
Sunday, October 30
by
Richard A D Jones
on October 30, 2005 04:57PM (GMT)
One of the most interesting problems in a technology startup can be figuring out where to enter the value chain. This real example shows the thinking needed to maximise the return for your company.
An electronics company had a revolutionary component for mobile networks. Thinking traditionally - they would be sold to form part of an assembly made by another company that would be sold to a systems integrator who would deliver the network for a mobile operator. The overall savings in a network rollout by using this product would be in the order of 100’s of millions of dollars – by allowing the removal or down-speccing of other systems. more » Thursday, October 20
by
Richard A D Jones
on October 20, 2005 11:31PM (BST)
You may have the best idea in the world but if you can't sell it, you're not going to get very far. To sell it, you have to understand your target audience - investors. Now without going into huge reams of psychological detail, if I suggested they want to make huge amounts of money off your hard work then could we agree on that? more »
Tuesday, October 11
by
Richard A D Jones
on October 11, 2005 06:36PM (BST)
This is really simple but works. Think about the processes involved in going from innovation to product/feature delivery. If they are supposed to work closely together then put them close together. Is that it? Okay not quite. To maximise the interactions between different groups, try to increase the size of the physical interface between them. I'd say that in English if I could. Maybe an example will help - doubt it but worth a try. If you have a development team and an industrialisation team say - then don't design the office so they are separated. See if you can set it up so that as many people as possible are next to someone from the other department. I don't mean mixing them up completely as you want each group to still function well on their own. I just mean think about how you can create long borders between groups where colleagues from the different groups can talk. © Copyright Richard A D Jones 2005 Friday, October 7
by
Richard A D Jones
on October 7, 2005 02:25PM (BST)
When your project has reached a decision point, do you really want to wait until the management team can assemble? Are you sure they will have time to get to your part of the agenda? You've probably been in a project that gets bounced from at least one meeting and has to wait.
The key here is to remove senior management physically from the decision making process. more »
Tuesday, October 4
by
Richard A D Jones
on October 4, 2005 02:08PM (BST)
There is some simple wisdom about having customers. It costs 10 times as much to acquire a new customer as it does to sell to an existing one. Then, with a strange lack of gratitude, a happy customer will tell between 0 and 3 people whereas an unhappy one will tell more than 10 people of their negative experiences. These figures were created before the advent of email, Internet forums, blogs etc. so I can only assume the picture now is even more extreme.
As part of the cost of having customers, support can make a big difference to the profitability of companies like ISP’s, ASP’s, software companies – in fact most companies that are driving towards low revenues per customer. These companies need to focus on operational excellence and hence low cost customer support. more » |
Welcome to this blog about innovation, managing product development and creating successful corporate ventures and startups. Enjoy your stay!
Richard A D Jones. About me
My life is developing innovative ideas through to successful corporate or standalone ventures (including taking one to Nasdaq (post-acquisition).
I have helped create products in telecoms, healthcare, computing, electronics as well as software and in use with companies such as Universal Studios, BT and the BBC... more Links
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Copyright 2005 by Richard A D Jones
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