Information Overload in Water Systems

PM: What does not get measured does not get managed. This is a principle I subscribe to. But you need a second principle to make this work: Avoid information overload. Here is an example of how a company figure out how to analyze large amounts of data to identify useful information that can be acted upon.

Pipe Dreams: To plug leaks from the water supply, you first have to find them.
An effective way of detecting leaks [in municipal water systems], both accidental and deliberate, would therefore be welcome.
TaKaDu, a firm based near Tel Aviv, thinks it has one. The problem, in the view of its founder, Amir Peleg, is not a lack of data per se, but a lack of analysis. If anything, water companies—at least, those in the rich world—have too much information. A typical firm’s network may have hundreds, or even thousands, of sensors. The actual difficulty faced by water companies, Dr Peleg believes, is interpreting the signals those sensors are sending. It is impossible for people to handle all the incoming signals, and surprisingly hard for a computer, too.

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Posted on Jun 13, 11

Bob Lutz: Life Lessons From the Car Guy

This fascinating excerpt from Bob Lutz’s book highlights a couple of key issues: one needs to have deep knowledge about an industry to make the right decisions, one needs to select the right leadership style for the organizational context, and finally if one wants to have a long last impact, one needs to institutionalize the change. The reason why Lutz failed to institutionalize is product develop process at Chrysler but believes that it will stick may have nothing to do with him: GM went through bankruptcy and the old ways may have been forced to retreat.

Read full story at WSJ.com

A few days later Lutz was interviewed about the book and the article by the WSJ. Click on

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Posted on Jun 12, 11

Lehman Brothers’ did not Walk to Talk of its Mission Statement

BRW reports:  “Lehman Brothers’ mission statement nodded in all the right directions. It told employees and investors that

We are one firm, defined by our unwavering commitment to our clients, our shareholders, and each other. Our mission is to build unrivalled partnerships with, and value for, our clients, through knowledge, creativity, and dedication of our people, leading to superior returns to our shareholders.

However, the investment bank did exactly the opposite, gorging on low-quality mortgages and nearly felling the global financial system. Rather than ‘set and forget’,  [mission statements] should be part of a conversation between staff and management.”

(BRW August 26-October 6, 2010, p. 78)

Posted on Aug 29, 10

Apple with only 7% of Sales account today for 35% of Industry Profits

According to a Business Insider article, the banking giant has aggregated numbers from the top ten PC makers in the world and determined that, while Apple only commands 7 percent of overall revenues in the PC market, its products account for 35 percent of the operating profits. See Full Article.

Posted on Mar 24, 10

Richard Branson’s Fundamental Objective

The Financial Times posed twenty questions to Richard Branson. Here are the two important ones that touch upon the idea of a fundamental objective.

How important is money?
My priority is learning and trying to improve the world – not being rich.

How do you want to be remembered?
That I have made a difference.

Read full interview.

Posted on Jan 09, 10