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Showing posts from March, 2017

Breaking the Triple Constraint – Better Profit Margins & Consumer Satisfaction

In any business process there is a terminology called the “Triple Constraint," which means that between T ime , C ost , and Q uality/Scope , you can only improve two out of the three, and always at the expense of the third. The triple constraint is sometimes referred to as the Project Management Triangle or the Iron Triangle . Industries are developing innovation process steps and use of automation and intelligence tools and techniques to optimize these three parameters in order to achieve the best combination. Use of various programing tools such as VB, Python, R, etc., along with Artificial Intelligence algorithm and concepts could save lots of time and cost in processes/steps does not require human thinking and analysis. Even complex codes can be written to do the regular stuffs and save time and mitigate human errors.

Good Management Books to Read

There are employees who have grown to the top Management level position due to there expertise and experience, but lack MBA degree and thus sometimes lacks the common jargons and terminologies used in the business. The list of following books are good sources for developing the business sense and make you equipt with the jargons and terminologies. The Hard Thing About Hard Things by Ben Horowitz Universal Principles of Design by William Lidwell Inspired: How To Create Products Customers Love by Marty Cagan Data Smart: Using Data Science to Transform Information into Insight by John Foreman Crossing the Chasm: Marketing and Selling Disruptive Products to Mainstream Customers by Geoffrey A. Moore Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist by Brad Feld , Jason Mendelson Talent is Overrated: What Really Separates World-Class Performers from Everybody Else Outliers: The Story of Success The Hard Thing About Hard Things: Building a Business When There Are