Professional service firms, in response to an increasingly complex world, have created internal groups that are very narrowly focused. Based on my unscientific research, it has driven employees to be highly protective of their client contacts. Unfortunately it also leaves a lot of money on the client’s table! One tactic that professional service firms are starting to adopt is to de-emphasize inputs like billable hours and focus more on outcomes such as greater revenue per client. Research shows that doing this increases the overall revenue at the firm.
For more information https://hbr.org/2015/03/when-senior-managers-wont-collaborate
For many years immigrants have been coming to Canada and starting their own businesses. For some, it is the only way to earn a living and for others a way to make their entrepreneurial vision a reality. Either way, between no network in this country, poor english language skills and the Canadian business environment, many will fail. A new incubator in BC aims to increase their odds of success. Empowered Startups, created by two highly successful local business people, is a designated incubator for Canada’s Startup VISA Program with the intention of attracting entrepreneurs to Canada. Personally, bringing in talented people who are ready to create real businesses is the best way to grow a truly sustainable green economy. For more information visit http://empoweredstartups.com.
For a couple years we have been hearing about how the Internet of Everything is coming. Holding it back, in my opinion, was the power hungry chips that sensors need to send their data wireless. Not any more, Intel now has available an all in one chip the size of a button that does everything your Activity Tracker does and more. This can enable wearable sensors for nearly any garment, medical technology, sports equipment or salmon (I live in the PNW). The challenge now becomes not what to track but how to get useful information out of all that data. Never mentioned in the articles is the impact on privacy and the ability to hack the device–a real issue in medical technology security.
For more information visit www.intel.com/content/www/us/en/wearables/wearable-soc.html.
If you happen to find yourself deathly sick and in Africa, Asia or Eastern Europe you may want to think twice about using Google to translate the medical information. A recent study showed that of 260 common medical phrases Google translated incorrectly 143 in African and Asian languages, 100 incorrectly in Eastern European languages and 67 incorrectly in Western European languages. In Marathi, a small state in India, “your husband has had a cardiac arrest” translates to “you husband has had an imprisonment of the heart”. In Polish, Google translated “your husband has the opportunity to donate his organs” to “your husband can donate his tools”. Which in my case is probably for the best–after 30 years of fatty foods and too much cheap red wine, you are better off with my table saw.
The full article is available here http://www.bmj.com/content/349/bmj.g7392
From Harvard Business Review, a great read on the six forces that drive healthcare; players, funding, policy, technology, customers and accountability. A few minutes spent with it can help you shape a market entry strategy based in reality! Written in 2006, it is a relevant today as the day it was published.
Claris is a technology company in Vancouver that gets the power of simplicity. They have developed a Tablet computer designed to do a really good job at helping seniors communicate. It is easy to do a video call, easy to view photos or do email. While they are aiming at seniors it is also something to look at if you need an accessible tool to stay in touch with a care giver, parent or friends. Think of this product as the Oxo of tablets. www.clarisone.com
After 10 years and a cumulative distance of over 6.4 billion kilometres, Rosetta has finally got up with its target. It has now gently landed while travelling at around 60,000 kph!