Category Archives: Thought of the day

Note to self: do ERP vendors benefit from the sunk cost fallacy and asset specificity?

Posted on September 1, 2010 by admin

I’ve never really been very interested in ERPs – so I likely don’t know what I’m talking about… But over the years there have been many times I’ve heard organisations saying they need to “leverage their investment” in their ERP.  This … Continue reading →

Posted in Accounting Failures, IT Management, IT Vendors failures, Ideal Realised Strategy, Personal, Thought of the day | Leave a comment

Motivation

Posted on June 15, 2010 by admin

If an employee presses a green button and then an alarm goes off you’ll soon have a motivation problem. – Posted using BlogPress from my iPhone

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Note to self – innovation

Posted on May 27, 2010 by admin

I think innovation requires just four things: 1. idea management process – i.e. go from suggestion box-to-value creation 2. a reward mechanism – where the ultimate reward is working in an innovative company 3. scanning – i.e. scanning internally and … Continue reading →

Posted in Enterprise Architecture, Innovation, Thought of the day | Leave a comment

Mobile video conferencing as a safe option

Posted on May 25, 2010 by admin

Given the on-again, off-again, on-again (but we wont say) link between cancer and mobile phones, I’m surprised I haven’t seen any mention of the significance of mobile video conferencing. Surely, the different way you hold a mobile phone when you … Continue reading →

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Infrastructures

Posted on May 21, 2010 by admin

I have defined Matthew’s Law (with thanks to Arthur C. Clarke, of course): Matthew’s Law: “Any sufficiently advanced technical advice is indistinguishable from autism” Because I saw this… Infrastructures: ““ (Via xkcd.com.)

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Confessions of an aeroholic

Posted on December 18, 2009 by admin

“Airlines are notoriously cyclical because revenue is very sensitive to changes in demand. Profits are greatest when strong demand results in full planes (‘‘load’’) and high prices (‘‘yield’’), but they can disappear quickly when demand falls because costs are relatively … Continue reading →

Posted in Accounting Failures, Airline Industry, Australia, Enterprise Architecture, IT Outsourcing, Personal, Thought of the day | Leave a comment

Bad maths, accounting, and risk management

Posted on August 23, 2009 by admin

A brief, but interesting introductory article on the types of accounting rules that are legal but which promote bad investment in the long term appears here (pdf).   The summary, in the form of a joke, follows:    Three accountants interview for a job.  … Continue reading →

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Thought of the day

Posted on May 6, 2009 by admin

Mainstream economics is not the cause of the current financial crisis – rather, the cause of the current financial crisis and the cause of mainstream economics being mainstream are the same. (article to follow)

Posted in Austrian Economics, Current Events, Thought of the day | Leave a comment

Thought of the day

Posted on May 5, 2009 by admin

Leadership is knowing what needs to be done before you see the ROI calculation

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Thought of the day

Posted on May 4, 2009 by admin

Management is not never having to say “this is bullsh*t”.

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