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Predict The Future (Without Looking Like An Idiot)
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yalanand
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yalanand,
User Rank: Ninja
7/30/2014 | 4:54:59 PM
Re: Far too little for the next 10
@zaious: Having a 10 year financial strategy needs too many variables to take into account, and it?s not impossible, but it?s extremely difficult. If your warehouse is in a fault line and you take into account 2 big earthquakes in 10 years and make arrangements for that, there?s no reason that there won?t be 4 more earthquakes and the equation for financial management will change.
yalanand
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yalanand,
User Rank: Ninja
7/30/2014 | 4:54:26 PM
The future is already here
Toshiba recently handed out a 1.1 billion dollar lawsuit against SK Hynix for stealing their NAND chips design and marketing it. The most shocking thing is that this design seems to have been taken to SK Hynix by a former Toshiba engineer. This proves that most review panels fail at determining what an employee steals from the file stashes. Managers are also solely responsible for finding out what new is coming up around them. If Toshiba managers had got the wind of it earlier, they could have taken measures against SK Hynix and stopped them from climbing world chip marketing ranking from 7 to 5 while Toshiba came down to number 6.
zerox203
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zerox203,
User Rank: Ninja
7/15/2014 | 2:54:13 AM
Re: Predict The Future
It's an interesting question, and one we find ourselves faced with year after year. Maybe that doesn't sound like much of a statement, but when we're talking about 'the future' in a business context, we're talking about a very unique kind of problem. Most problems, you solve, and they go away.  This problem is different. No matter how air-tight your 'future solution' is, it's going to have some cracks in it... and even if it works out, you're only ever delaying until the next time you have to face it, like some kind of budget-eating phoenix. It's consumed many great IT heroes over the years, and I'm happy to have some tips to deal with it.

We could basically say that great leaders get their reputation from being great at facing (and planning for) the future. Those who would rather wait out the storm and let somebody else make the tough decisions are more likely to stay where they are, but those who rise to the occasion (and succeed) will reap the rewards. Again, maybe that's a statement that's been made a thousand times, but it's no less true today than it ever was. However, there's an art to making those tough decisions, and with a little practice, most people can have as good a shot at predicting the future as the finest crystal ball. Even if you work in a field without Data (or budgets), it's not hard to see how these tips could be adapted. Thanks!


zaious
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zaious,
User Rank: Ninja
7/11/2014 | 11:24:12 PM
Far too little for the next 10
I liked the number 4, we are too focused on the next year. However, these days people are judged on their short term efficacy and success. Many people do not like to think about 10 years for the company -they might not be there for 10 years (especially the people who think about budget). Long term strategy is needed to keep the company on track.


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