April 2013

Innovation is not invention. Innovation is the application of invention in ways that solve new needs. I’m always amazed at how misunderstood this term is…, even though the definition of each is easy to understand: Innovate | verb | • [ no obj. ] make changes in something established, esp. by introducing new methods, ideas, or products: the company’s failure […]

Mark Twain on Granularity? “The secret of getting ahead is getting started. The secret of getting started is breaking your complex overwhelming tasks into small manageable tasks, and then starting on the first one.” It’s a nice quote, and it surely speaks to the use/meaning of “granularity” in the business parlance these days. Many say,

Def.: a process or set of rules to be followed in calculations or other problem-solving operations, esp. by a computer: a basic algorithm for division. “Or, an algorithm is an effective method expressed as a finite list of well-defined instructions for calculating a function. Starting from an initial state and initial input (perhaps empty), the instructions describe a computation that, when

APRIL | 2013 — Kiplinger’s Latest Economic Outlooks GDP — 1.75% growth in ’13, a bit softer than last year Unemployment —  Heading to about 7.5% by the end of ’13 Interest rates — Little or no increase in short-term rates in ’13 Inflation — Slightly higher this year, 2.3% Business spending — About a 4% gain in ’13, half of ’12’s pace

Strategic Planning Where have we been? Where are we now? Where are we going? How are we going to get there? What resources are required to get there? These 5 simple questions, and this format (in general) have more than stood the test of time. Management teams should review and answer these items regularly…