[This post is being revised.]
[This post is being revised.]
[This post is being revised.] Continue Reading
Clive Thompson describes how an Italian group applied open source principles to hardware for the Arduino microcontroller circuit board, a device that can monitor and respond to sensors, control small motors and the like. Over 50,000 units have been sold worldwide since mass production began. This is NOT open source software that runs inside of… Continue Reading
Contract Provisions for Troubled Times: Part 1 Getting Paid Successful business people know that the activities they monitor and manage are the ones most likely to succeed. Getting paid is the top priority of almost all businesses. In a difficult economy, this means that, more than ever, you have to focus on making sure your… Continue Reading
The Deal posts an interesting story on how accelerators such as Y Combinator have replaced incubators for early stage funding of internet technology startups. Continue Reading
How large is the intangible economy in the U.S.? U.S. businesses invest about $1 trillion in intellectual property and other intangible assets, according to a study by the Federal Reserve Board. That’s as much as they invest in equipment and other tangible investments. Intangible assets, including intellectual property, constitute nearly 1/3 of the value of… Continue Reading
Business Week ran an interesting cover story about the tensions between quality methodologies such as Six Sigma, and innovation and creativity. In sum, "while process excellence demands precision, consistency, and repetition, innovation calls for variation, failure and serendipity." According to Management Professor Vijay Govindarajan, "the more you hardwire a company on total quality management, [the… Continue Reading