19 Sep. 2004
The Risk of Investment--- The standard definition of the word risk is the possibility of loss or injury. However, an alternative meaning that is much more
relevant to the world of enterprise software is "the variability of returns from an investment."
These risks come in a variety of forms-
Internal risks, Vendor risks, IT risks, Market risks, etc. and each
needs to be carefully evaluated as part of the overall ROI equation.
Organizational risks: This involves assessing the company's own ability to undertake the project. First, consider implementation timing in terms of available
resources and skill sets.
Technological risk: Companies need to evaluate technological choices through a number of filters.
Vendor risk: Talk with companies of similar size and business to glean lessons learned and best practices applied.
Market risk: Uncertain times call for advanced planning. Consolidation of industry behemoths has many wary of new technology purchases, particularly when there
is little synergy between the companies involved. Build these scenarios into your plan so your technology investment helps you stay ahead of the curve
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29 Sep. 2004
VTL CEO talks about his vision for company:
Recruit against our organization's corporate values and culture - your staff need to personify our business.
Identify the personalities and traits of the successful people working within your organization.
Try to target and attain some of these characteristics when
recruiting new staff.
Create a culture of internal excellence and keep people driven, motivated and wishing to excel. Reward and incentives regularly and provide a fulfilling yet competitive working environment.
Provide meaningful staff development programmers and initiatives that are ongoing and recognize and reward talent where appropriate
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