Waamax

About Anything … Almost.

Archive for the ‘Business’ Category

Work Rules ~ Book Review

without comments

This was a great read. My belief for data driven system improvement and data driven decision making has never been this strong. Highly recommended. It’s insane how far Google goes to improve the system and how open the culture is to experiment pretty much every aspect of the company.

Summary: Work Rules

1. Give your work meaning
2. Trust your people
3. Hire only people who are better than you
4. Don’t confuse development with managing performance
5. Focus on two tails
6. Be frugal and generous
7. Pay unfairly
8. Nudge
9. Managing the rising expectations.
10. Enjoy! And then go back to No. 1 and start again.

Written by admin

July 16th, 2015 at 3:28 am

Posted in Business,Living,USA

Predictors of IT Performance

without comments

Getting into weeds into Dev Ops and Puppet in particular. According to this, top 5 predictors of IT performance.

1. Peer reviewed change approval process
2. Version control for all product artifacts
3. Proactive Monitoring
4. High trust organizational culture
5. Win-win relations between dev and ops

Written by admin

March 31st, 2015 at 2:55 am

Posted in Business,Techie,Work

Hilarious – 10 Tricks to Appear Smart in Meetings

without comments

The funny thing is, I notice these stuff everyday in my numerous meetings.

http://thecooperreview.com/10-tricks-appear-smart-meetings/

The best one? ‘Can we take a step back?’ I see someone always using that and have to admit it works like a charm.

 

Written by admin

February 13th, 2015 at 3:23 am

Posted in Business,Techie,USA

Product Management – Amazon Approach

without comments

This is an answer I got from Quora – Answered by Ian (link here)

There is an approach called “working backwards” that is widely used at Amazon. We try to work backwards from the customer, rather than starting with an idea for a product and trying to bolt customers onto it. While working backwards can be applied to any specific product decision, using this approach is especially important when developing new products or features.

For new initiatives a product manager typically starts by writing an internal press release announcing the finished product. The target audience for the press release is the new/updated product’s customers, which can be retail customers or internal users of a tool or technology. Internal press releases are centered around the customer problem, how current solutions (internal or external) fail, and how the new product will blow away existing solutions.

If the benefits listed don’t sound very interesting or exciting to customers, then perhaps they’re not (and shouldn’t be built). Instead, the product manager should keep iterating on the press release until they’ve come up with benefits that actually sound like benefits. Iterating on a press release is a lot less expensive than iterating on the product itself (and quicker!).

Here’s an example outline for the press release:

  • Heading - Name the product in a way the reader (i.e. your target customers) will understand.
  • Sub-Heading - Describe who the market for the product is and what benefit they get. One sentence only underneath the title.
  • Summary - Give a summary of the product and the benefit. Assume the reader will not read anything else so make this paragraph good.
  • Problem - Describe the problem your product solves.
  • Solution - Describe how your product elegantly solves the problem.
  • Quote from You - A quote from a spokesperson in your company.
  • How to Get Started - Describe how easy it is to get started.
  • Customer Quote - Provide a quote from a hypothetical customer that describes how they experienced the benefit.
  • Closing and Call to Action - Wrap it up and give pointers where the reader should go next.

If the press release is more than a page and a half, it is probably too long. Keep it simple. 3-4 sentences for most paragraphs. Cut out the fat. Don’t make it into a spec. You can accompany the press release with a FAQ that answers all of the other business or execution questions so the press release can stay focused on what the customer gets. My rule of thumb is that if the press release is hard to write, then the product is probably going to suck. Keep working at it until the outline for each paragraph flows.

Oh, and I also like to write press-releases in what I call “Oprah-speak” for mainstream consumer products. Imagine you’re sitting on Oprah’s couch and have just explained the product to her, and then you listen as she explains it to her audience. That’s “Oprah-speak”, not “Geek-speak”.

Once the project moves into development, the press release can be used as a touchstone; a guiding light. The product team can ask themselves, “Are we building what is in the press release?” If they find they’re spending time building things that aren’t in the press release (overbuilding), they need to ask themselves why. This keeps product development focused on achieving the customer benefits and not building extraneous stuff that takes longer to build, takes resources to maintain, and doesn’t provide real customer benefit (at least not enough to warrant inclusion in the press release).

More details:

http://www.shmula.com/start-with-the-customer-and-work-backwards/324/
http://www.allthingsdistributed.com/2006/11/working_backwards.html

Written by admin

November 13th, 2013 at 3:10 am

Posted in Business,USA,Work

Tagged with ,

Fashion & Big Data

without comments

Lately I have been fascinated with big data and analytics.

And there also has been lot of talk about fashion and big data where the companies use the data, analytics and trend to predict the future fashion trend. Will be reading a lot and hopefully updating this post going forward.

It might sound very far fetched – but some day I will like to do a project with Prabal Gurung (A well established fashion designer from Nepal). Let’s see.

 

Big data + fashion + social media + trend analytic

high speed analytics

analytics tools:

—-

tableau – software tool

- editd – uk (on who is selling what, how many products
- itc infotech (fashion analytics)
- stylesight

Written by admin

October 9th, 2013 at 11:47 pm

Posted in Business,Techie

Tagged with ,

Making sense of Big Data

without comments

First of starting with a scale – You know how much is a Megabyte rights? Ok – a typical song is around 5 Megabytes

Kilobyte 10^3
Megabyte 10^6
Gigabyte 10^9
Terabyte 10^12
Petabyte 10^15
Exabyte 10^18
Zetabyte 10^21
Yottabyte 10^24

Laying the foundation so that we know how much data we are taking about. It gives us a sense of scale.

Now the data dimensions – volume, velocity, variety and veracity

So what’s big data – Big data is more than simply a matter of size; it is an opportunity to find insights in new and emerging types of data and content, to make your business more agile, and to answer questions that were previously considered beyond your reach.

 

more to follow…..

Written by admin

February 22nd, 2013 at 10:27 pm

Posted in Business,Techie

Tagged with , , ,

Best Time To Buy Airline Tickets

without comments

Some common conventions(Rules of thumb)
- 8 weeks before you plan to travel
- Buy on the mid weekdays (tue, wed, thurs) – 3pm EST tuesday
- Don’t buy tickets on the weekends

Some more tips here: http://finance.yahoo.com/news/pf_article_111970.html

Written by admin

September 13th, 2012 at 2:00 pm

Posted in Business,Insight

The Directing Relater ("The Go-Getter")

without comments

I’ve been involved in this “Leading project team” training this week. As a part of the assignment we have to complete few questionnaire that helps us to determine which personality category we fall (Part of the platinum rule – that’s what it is called). Based on that I got “The Directing Relater” – The Go Getter.

Here are the details. I would say 80% match to my personality.
You’re identified by your busy, industrious approach to tasks. Constantly active at work or at play, you’re driven and goal-oriented. With great energy, you set schedules, ensure that deadlines are met, and take a disciplined, step-by-step approach to getting things done.

Your tendencies include these:

enjoying being industrious; taking charge of tasks; eagerly and competitively diving into your work; breaking tasks down into parts and supervising closely those parts being done by others; being less comfortable with complex or multiple tasks; looking for concrete, short-term results, especially if they bring personal rewards or recognition; and becoming rigid and guarded when under pressure.

Your Growth Opportunities
With tasks: Directing Relaters can benefit by understanding more of the big picture. Make sure you are clear about a project before jumping in with your full energy. Retain the support of people who’ll be involved or affected by the work.

With people: While you like to do things yourself, you must learn to delegate more. You have a tendency to spread yourself too thin, so limit your involvement in less critical tasks.

PERSONAL EMPOWERMENT POINTERS
Make sure you understand the overall goal and context before you jump headfirst into a task. Ask others to share their ideas on how to accomplish tasks and how to satisfy their expectations and yours. When making or implementing decisions, check with at least three to five other knowledgeable people to see if there’s a consensus. If you don’t find a pattern, widen the search.

Written by admin

September 12th, 2012 at 6:41 pm

Posted in Business,Techie,Work

Tagged with , ,

Gupta's insider case and HBS's Professor Life Mantra

without comments

I found this under the comments section of WSJ’s article “Insider Case Lands Big Catch”.

This is incredibly sad, that someone who was as much a pillar of the business world like Mr Gupta should come to this.

This brings to mind HBS professor Clayton Christensen’s exhortations to students in the last day of class:
“First, how can I be sure that I’ll be happy in my career? Second, how can I be sure that my relationships with my spouse and my family become an enduring source of happiness? Third, how can I be sure I’ll stay out of jail? Though the last question sounds lighthearted, it’s not. Two of the 32 people in my Rhodes scholar class spent time in jail. Jeff Skilling of Enron fame was a classmate of mine at HBS. These were good guys—but something in their lives sent them off in the wrong direction…
Over the years I’ve watched the fates of my HBS classmates from 1979 unfold; I’ve seen more and
more of them come to reunions unhappy, divorced, and alienated from their children. I can guarantee
you that not a single one of them graduated with the deliberate strategy of getting divorced and raising
children who would become estranged from them. And yet a shocking number of them implemented
that strategy. The reason? They didn’t keep the purpose of their lives front and center as they decided
how to spend their time, talents, and energy… [Avoid] the marginal cost doctrine in our personal lives when we choose between right and wrong. A voice in our head says, “Look, I know that as a general rule, most people shouldn’t do this. But in this particular extenuating circumstance, just this once, it’s OK.” The marginal cost of doing something wrong “just this
once” always seems alluringly low. It suckers you in, and you don’t ever look at where that path ultimately is headed and at the full costs that the choice entails. Justification for infidelity and dishonesty in all their manifestations lies in the marginal cost economics of “just this once.”

Written by admin

June 17th, 2012 at 7:10 am

Posted in Business,Living

Tagged with , ,

Oh Traders!

without comments

I find it absolutely fascinating and ridiculous at the same time how traders curses and thrashes some stocks one day like they are their worst enemies just to embrace and love them like their significant other few days later.

This indicates that they know about stocks and markets in the similar extent I know about mining engineering. I know nothing about mining engineering.

Written by admin

June 15th, 2012 at 9:11 am

Posted in Business,finance

Tagged with ,