DK\’s Blog

November 30, 2006

DK’s Blog Has Moved!

Filed under: Uncategorized — darrenkelly @ 12:44 am

WordPress sucks.   I’ve moved my blog to Blogger.  

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June 9, 2006

Crowdsourcing – the Strategy Consultant’s Next Big Thing?

Filed under: Business,Uncategorized — darrenkelly @ 11:20 pm

In olden days, strategy consultants from Bain, McKinsey & BCG would show up at the door of a Fortune 500 company with a small army of Harvard, Yale & Princeton undergrads & MBAs who would sift through mountains of internal data to answer lofty strategic questions such as "Will we make better margins with product A or product B?" and "Should we expand into Uruguay or Ecuador?".    After 4 months and thousands of brilliant man-hours (woman-hours?, person-hours? FTE-hours? what is the politically correct term these days), a hypothesis would emerge, powerpoint slides would be prepared, a senior partner from the partnership would come down from the mountain and present "the answer" to a delighted CEO.

Now, in newer times, perhaps Bain & McKinsey should save their money and forget about hiring all those smart Harvard grads and "Crowdsource" the answer.   Instead of paying a team of big brains with a total of 100 years of business experience, McKinsey can simply post the question to the universe of New Media readers – bloggers, chat-room pundits, web-surfers, etc. – and get their collective opinion.     In this way, McKinsey accesses thousands of years of experience.   An interesting effect we see in natural statistics is that even the dumb-ass opinions collected along the way tend to cancel each other out, leaving a collective 'average' answer which tends to be correct, because it reflects the real information provided by each opinion.   It gets better – if you can weight the opinions (such as people putting $$ bets behind their answers), you start getting a VERY accurate answer – just like the stock market.  

You heard it here first – crowdsouring will be the next big business tool preached by business guru's.  Move over 2×2 SWOT analysis, here comes the crowd.

May 25, 2006

Enron – Shoot the CEOs!

Filed under: Business,Enron,Uncategorized — darrenkelly @ 9:33 pm

So Jeffrey & Ken are going to jail, joining Andrew, Bernie and few others.   While I have no doubt these guys either pushed the envelope a bit, or were down-right crooked, it still smells bad that they will sit and rot while the really outrageous corporate crook – Richard Scrushy of Healthsouth continues to preach on his "made-to-influence-the-jury" tevelanglist show. 

Scrushy "got religion" just in time to use his community program to ensure his jury of peers was full of brainwashed Birmingham automotants sympathetic to his cause.  

I believe in the rule of law, but America has a long way to go when dealing with corporate malfeasance in a consistent way.   The rules are too loosy-goosy and hard to understand, resulting in prosecutorial "Hail Mary's" that depend entirely on getting a jury with enough personal anger to vote in favor of a conviction – regardless of the law.

Until the rules are understandable and consistently applied, I suggest we just randomly shoot 2 or 3 of the Fortune 1000 CEO's each year on Labor Day.   We'd accomplish the same thing we achieve today and save taxpayers the bundle in court room costs.   Plus, we could sell tickets and donate the proceeds to the former Enron 401K stockholders.

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