It feels like a holiday in Canada but it's not. Anyways, happy Thanksgiving to our friends in the U.S! I hope you have a great dinner with family and friends, and remember to be thankful! Black Friday should be interesting, I've noticed some amazing viral campaigns online. I can't wait to see how many people are out shopping on Friday...
11.27.2008
Happy Thanksgiving!
Now the question is what are you thankful for?
I am thankful for life, health, and my family. I am thankful that my friends in Mumbai are okay. I am thankful for everything I have and everything I don't...
11.26.2008
Is the Auto Industry Bail-Out doomed to fail?
No one saw the economic devastation that we’re currently seeing, stocks are down to incredible lows and many companies are slashing their forecasts based on current demand. However, the American Auto Industry was in trouble well before this crisis thanks to many terrible decisions, old school management, backwards compensation plans, and pure arrogance -- and now they’re asking for a bail-out of epic proportions.
The bail-out seems to be exceeding 25 billion dollars and yet their CEOs took separate corporate jets to the meeting in which they were all but begging for money. It’s unbelievable really, and thus the topic of this blog. What would I do if I were in charge of auto industry bail-out? Yeah I know it’s not computer related, but let’s face it – technology drives the world – and these guys could learn something from the PC industry which changes on a daily basis.
Now there's nothing wrong with upper management using private jets to get around, the fact is they're busy and flying commercial is a total waste of time. I do believe, however, that the company needs to be healthy and profitable before people start taking advantage of such perks. That said, the first thing I would do is restructure the entire management team of all three companies. I simply cannot believe in management teams who do not deliver value to shareholders and employees. It’s unreal that these guys would not only fly to their government hearing in private jets but even more unreal that they reward themselves with 8 figure packages when their companies are haemorrhaging cash and their employees retirements are at risk.
These guys wore blinders for years, building gas guzzling SUVs without looking at the macro environment and global economic trends. They were not paying attention to their customers or their competition. Henry Ford once said "If I asked my customers what they wanted they'd ask for a faster horse..." That may be the case, but current management seems to be taking that comment way out of context. If you are leading the industry that you're in you can get away with saying and living by that --- however if you're all but getting killed you should probably look up once in awhile.
It would be like HP or Apple selling beige boxes in 2008. This is what happens when you don't use your peripheral vision to help steer your product and business strategy. It's important to pay attention man! That's the first thing I learned in kindergarten.
So after a major restructuring of management I’d figure out a way to get the three companies merged into one (assuming we had to save all three). If I could choose one company I believe Ford has the best chance of a turnaround – but in the case of GM and Chrysler I would say the chances of a turnaround are pretty slim. However GM does have the Cadillac brand, and they do have some emerging hybrid technology that could be of use. Thus, three companies need to merge into one.
I’d call it “The American Car Company”. I would kill the messy portfolio and focus on a few cars with meaningful sub-brands. The branding may seem complex, but the idea of the American flag on a car representing a country on the verge of a monumental change is a pretty powerful thing. Think about it - everyone is expecting big things from this new administration, if all cards fall into place, buying American just may become chic again.
I would insist on energy efficient designs, clean bluetec diesel and electric hybrids. I would also get the American Car Company to create green renewable energy stations, wind and solar farms, and other environmentally friendly energy focussed diversities. I would continue to implement new technologies, like Microsoft’s Sync, improved bidirectional GPS, while continuing to simplify the portfolio.
I would also structure the employee’s compensation to be competitive with the rest of the industry. Perhaps less income and more skin in the game would incentivize the workforce in a new hopeful direction. This is all pie in the sky of course, I know unions are complex – and the automotive unions are among the most complex I’m sure. I am trying to keep this article under 800 words :)
No doubt it would be a major restructuring, but the results would be incredible.
The American Auto Industry is an important part of America from a global perspective. Sure American cars have generated a bad rap, but back in the day they were the King of the World. They once had soul, I’ve written about them over and over again – because I remember a time when owning an American car was once the dream of many, and the envy of many more.
As someone who lives both in the U.S. and Canada I can say that people everywhere are incredibly optimistic about the new President Elect. The idea of creating a car company branded “American” under a new administration focussed on building the reputation of America while balancing trade is an incredible opportunity in my opinion.
Yeah, I'd totally do this - but too bad it's not up to me. It's up to the shareholders and the boards of these companies to demand change, to work on a plan and present it to the government hat in hand. It requires new thinking, someone from the outside needs to make it happen - an insider would be too caught up in the machine.
There has never been a better time to ask for change.
The bail-out seems to be exceeding 25 billion dollars and yet their CEOs took separate corporate jets to the meeting in which they were all but begging for money. It’s unbelievable really, and thus the topic of this blog. What would I do if I were in charge of auto industry bail-out? Yeah I know it’s not computer related, but let’s face it – technology drives the world – and these guys could learn something from the PC industry which changes on a daily basis.
Now there's nothing wrong with upper management using private jets to get around, the fact is they're busy and flying commercial is a total waste of time. I do believe, however, that the company needs to be healthy and profitable before people start taking advantage of such perks. That said, the first thing I would do is restructure the entire management team of all three companies. I simply cannot believe in management teams who do not deliver value to shareholders and employees. It’s unreal that these guys would not only fly to their government hearing in private jets but even more unreal that they reward themselves with 8 figure packages when their companies are haemorrhaging cash and their employees retirements are at risk.
These guys wore blinders for years, building gas guzzling SUVs without looking at the macro environment and global economic trends. They were not paying attention to their customers or their competition. Henry Ford once said "If I asked my customers what they wanted they'd ask for a faster horse..." That may be the case, but current management seems to be taking that comment way out of context. If you are leading the industry that you're in you can get away with saying and living by that --- however if you're all but getting killed you should probably look up once in awhile.
It would be like HP or Apple selling beige boxes in 2008. This is what happens when you don't use your peripheral vision to help steer your product and business strategy. It's important to pay attention man! That's the first thing I learned in kindergarten.
So after a major restructuring of management I’d figure out a way to get the three companies merged into one (assuming we had to save all three). If I could choose one company I believe Ford has the best chance of a turnaround – but in the case of GM and Chrysler I would say the chances of a turnaround are pretty slim. However GM does have the Cadillac brand, and they do have some emerging hybrid technology that could be of use. Thus, three companies need to merge into one.
I’d call it “The American Car Company”. I would kill the messy portfolio and focus on a few cars with meaningful sub-brands. The branding may seem complex, but the idea of the American flag on a car representing a country on the verge of a monumental change is a pretty powerful thing. Think about it - everyone is expecting big things from this new administration, if all cards fall into place, buying American just may become chic again.
I would insist on energy efficient designs, clean bluetec diesel and electric hybrids. I would also get the American Car Company to create green renewable energy stations, wind and solar farms, and other environmentally friendly energy focussed diversities. I would continue to implement new technologies, like Microsoft’s Sync, improved bidirectional GPS, while continuing to simplify the portfolio.
I would also structure the employee’s compensation to be competitive with the rest of the industry. Perhaps less income and more skin in the game would incentivize the workforce in a new hopeful direction. This is all pie in the sky of course, I know unions are complex – and the automotive unions are among the most complex I’m sure. I am trying to keep this article under 800 words :)
No doubt it would be a major restructuring, but the results would be incredible.
The American Auto Industry is an important part of America from a global perspective. Sure American cars have generated a bad rap, but back in the day they were the King of the World. They once had soul, I’ve written about them over and over again – because I remember a time when owning an American car was once the dream of many, and the envy of many more.
As someone who lives both in the U.S. and Canada I can say that people everywhere are incredibly optimistic about the new President Elect. The idea of creating a car company branded “American” under a new administration focussed on building the reputation of America while balancing trade is an incredible opportunity in my opinion.
Yeah, I'd totally do this - but too bad it's not up to me. It's up to the shareholders and the boards of these companies to demand change, to work on a plan and present it to the government hat in hand. It requires new thinking, someone from the outside needs to make it happen - an insider would be too caught up in the machine.
There has never been a better time to ask for change.
11.21.2008
11.20.2008
Anyone catch Eli Stone?
It seems as if I've run out of free time these days. I just got back from a whirlwind trip to NYC - and boy it's good to be home. I just opened up my email to find this, has anyone seen this show? It's called Eli Stone I believe? Well check out the picture! See anything interesting?
11.12.2008
Finding A Good Job In A Tough Economy
Here is the latest installment for CPU Magazine. It's been a heck of a week, I'm hanging in Seattle currently - on my way to New York next week. What a great week though, amazing U.S. election and there's a ton of buzz happening on the streets of Seattle lately. The economy is still the biggest concern on everyone's mind, and so this month I'm covering job hunting in a tough economy.
After the recent stock market crash, bank shutdowns, and home foreclosures, millions of people are worried about their current and future job prospects. Companies everywhere are in hiring freezes, dramatically shrinking the pool of good, available jobs and making it very difficult for managers to requisition new positions. And not just in North America; this economic slowdown has been a global event, so no one is immune, save possibly healthcare workers and (of course) the very wealthy.
The bottom line is we have been thrown into an employment situation direr than most of us have experienced in our lifetimes and hopefully none of us will have to experience again.
So what do you do if you’re just out of school and you are looking for a job in the technology industry? The answer is quite simple: specialize and differentiate yourself from the pack. The fact is, when you are looking for a job in a field where there are millions like you out there, millions of people who know basically what you know, it’s going to be hard to find the dream career that you can grow into.
In some ways, it’s very much like starting a business in a highly commoditized industry. For years, I ran a small business and took it through many highs and lows. Along the way, we discovered that if we didn’t find some way to differentiate ourselves from the pack, we would be left in the dust in challenging times.
So here you are, a blank sheet of paper. Now what?
The first thing you want to do is figure out what you actually enjoy doing. Take it from me; if you are lucky enough to find a job that involves something that you enjoy doing, you won’t think of it as just a job. In addition, in many cases it may be something that you can excel at without extensive prequalification.
This doesn’t mean if you enjoy playing Guitar Hero that you go out and start your own band. Be realistic; if you enjoy playing video games, you might want to upgrade your skill set by taking some courses on game development. In the meantime, you could find a job in a company that allows you to develop scripts and work with network infrastructure.
The next thing would be to look at what holes you could fill in a particular growth industry or company—and you should also look for opportunities based on future trends as much as possible. There are going to be many opportunities in environmental management and control, healthcare, and other high-tech initiatives. This doesn’t mean you need to be an expert on the environment, but there are companies that focus on the environment that require IT skills. The same goes for healthcare and every other growth sector.
This might require some research, but most likely it’s nothing that Google can’t help you with. In other words, don’t just create a generic résumé and blanket email it out. I can’t tell you how many times people email me their résumés without any correspondence or any description of what exactly they’re doing emailing me in the first place.
Be absolutely sure you make a cover page tailored to the company and the position you are looking for. If you’re unfamiliar with the various résumé formatting rules, it’s easy to find good samples online—there are even companies out there that will draft your résumé for you for a small fee.
Finally, make sure you do some research on a company before you show up there for an interview; few things will make you look worse than being unable to answer basic questions about what the company is or does.
composed by Rahul Sood on 11/12/2008 11:46:00 PM
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11.03.2008
Bug the Bench VBlog 3
Tomorrow is a day that will go down in history as one of the most important elections of our time. I would encourage all Americans to go out and vote! As well, here is this weeks "Bug the Bench" question. We will be sending John a 2 Gigabyte USB stick for his question.
composed by Rahul Sood on 11/03/2008 09:19:00 AM
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