Maybe if there was a meaningful space mission, we could come up with the right rocket. Not to be too much of a downer about it, but space flight has commoditized. We've been to the moon. There's nothing there. We've sent robots to Mars. There's nothing there. These earth-like planets they are finding would take 100,000 years to reach, at the speed of light. Launching satellites is the only meaningful mission, and guess what? Its not sexy and owest cost wins!
By Jim Crocker, past CEO and now Chair of Boardroom Metrics. Jim works with private and not-for-profit clients on corporate strategy and governance. His partner Karen McElroy leads an international business writing team that helps clients write and win RFP's.
Thursday, November 26, 2009
Great Reply to 'In Search of a Real Space Ship'
Buzz Aldrin: In Search of a Real Spaceship
Space capsules? That's right, instead of following the Shuttles with something as capable - something that can guarantee American space leadership - we're going to race China, India, and Russia in a competition to build a limited and ungainly spacecraft that America retired a generation ago. And guess what? It will take another seven years before the NASA Orion capsule is ready to ferry astronauts.
Really? Wow. The American space program is going back to space capsules? Seven years from now? Isn't that like going from the i-phone to the 8 track tape player? Seems like a giant leap...backwards. When is Richard Branson planning to start his Virgin space flights? Maybe US astronauts can get a seat on one of those flights.
Tuesday, November 24, 2009
Future Shop Customer Service – Fail
Here's a blog post from my frustrated buddy John.
John if it's any consolation I was in an empty Staples around 6:30 and waited 20 minutes for the (only) nice counter lady to figure out how the chip card reader works (the stripe goes to the left. LEFT. Dammit). On Saturday Tim Hortons managed to lose yet another one of my orders because the manager serving me got embroiled in a brawl with an angry customer who was questioning the available options (lettuce or tomatoe and/or lettuce and tomatoe or/and/or nothing) on one of those BELT sandwiches (I'm pretty sure the L stands for lettuce and the T for tomatoe?). When it was all said and done, I was out my coffee and donut. I stayed VERY calm.
See John, apparently you're new to this. Not me. I'm a veteran. Happens to me all the time.
And like you, I've tried blogging and tweeting away my frustrations. Without much luck.
The first time Tim Hortons messed me up I tweeted my pain and got a response from some dude in the US. To this day I'm pretty certain he was just absolving the US of any responsibility. Do they even have bagels in the US?
When Westjet kept us all waiting for almost an hour to self check our bags, I sent out a flock of tweets - then sat next to the hot Westjet marketing lady on my flight to Miami. I showed her my tweets (she's dropping the charges). For three weeks those tweets sat on my twitter profile and on my blog. I never heard a thing from Westjet. I'm not even sure they're still in business?
So on Saturday I stayed calm. No tweeting or blogging. Same tonight with Staples.
John, I recognize that like you, I am doomed to be check-out/check-in challenged and to just grin and bear it. Besides, you think Future Shop is following your blog? Come on. Like Westjet, their customer service is probably still living in the past. Off-line.
Monday, November 23, 2009
Best Business Books 2009: Leadership
It's not on the list because it's a few years old (and perhaps not technically a leadership book?) but Marshall Goldsmith's 'What Got You Here Won't Get You There' is very good. Aimed at achievers who have 'made it' - and who are therefore self-certified that their approaches don't require upgrading - Goldsmith does an inspiring job addressing the needs and approaches for doing just that. A few simple tips from the book made me a better listener and more articulate coach. Like lots of these books - although the backdrop is largely business, the lessons can be applied almost anywhere.
Thursday, November 19, 2009
IFRS Implementation in Canada
Largely off the radar screen for many including investors, the impact of IFRS on financial reporting for public companies could be significant. Here's an eye-opening Japanese example:
Nikkei Report
28 September 2009
via Dow Jones Factiva
© 2009 Nihon Keizai Shimbun, Inc.
TOKYO (Nikkei)--The planned introduction of international accounting standards will significantly change how Japanese companies evaluate and report their business results and financial conditions, and the implications for investors are enormous as well.
Take, for example, Nippon Steel Corp. (5401), which posted a group net profit of 155 billion yen for the year ended in March 2009. Under IFRS's key comprehensive income formula, the steelmaker would have reported a comprehensive loss to the tune of 200 billion yen for the year. That is because a decline in the value of the company's cross-shareholdings and losses on the investment of pension assets would have to be recognized in
comprehensive income.
Canadian IFRS Timeline. The Canadian AcSB announced in February 2008 that the transition to IFRS will affect interim and annual financial statements for fiscal years beginning on or after January 1, 2011. Here's the Canadian IFRS timeline:


Talking to CA's and CFO's involved in the changeover here's my take: SLOWLY. VERY SLOWLY.
A recently released survey conducted by the Canadian Financial Executives (FEI) Research Foundation verifies this feedback. It indicates that the state of readiness for transition varies widely. IFRS Readiness in Canada 2009 Executive Research Report features results from senior financial executives from over 250 organizations.
The report shows that some companies have barely started migration, while others — many of the large, established public companies — are well on their way to meeting the 2011 deadline. Despite the fast-approaching conversion deadline, more than 12% of the 147 public companies surveyed had not yet taken the first step of starting their initial diagnostic assessments. Furthermore, roughly one in five private companies that intend to convert to IFRS stated they had also not yet begun the migration process.
At the Big 4 accounting firms, there is concern that too few companies grasp the effort required to make the IFRS transition and are leaving the heavy lifting required way too late into the timeline. Ultimately, this could be a billing bonanza for the Big 4 but there's a risk that the resources and IFRS expertise won't be available for a last minute scramble.
So, what's the situation at your company? With time beginning to rapidly run out do your finance people understand the implications of IFRS on your financial reporting and what effort will be required to comply? Will you be ready?
Tuesday, November 17, 2009
Friday, November 13, 2009
Sales Guy v. Web Dude, Parts 2-4. Oh, Yeah.
Most of you have probably seen Sales Guy v. Web Dude, a hilarious video on the joys of tech support. If you haven’t seen it, kiss ten minutes goodbye and start there. It ranks up there with the stuff on Best Page In The Universe
in entertainment and laugh value.
The creator, Josh Weinberg
, was quiet for a long time after that video. But in the last few months have been productive for him. And he now has three new videos and posted them on The Website Is Down
. All, including the original, are embedded below:
Episode 1 – Sales Guy vs. Web Dude
The original website is down video web dude tries desperately to get his important work done while assaulted on all sides by rampant incompetence. Will he survive???
Episode 2 – Excel Hell
Video #2 from the website is down! Chip takes us on a wild ride into the life of a master salesman. How many sales can he make in a single video? One? Maybe?
Episode 3 – Remain Calm
Chip Demonstrates his special procedure for a hot-swap hardrive replacement using only his steel-toed boot and his razor thin patience. Watch and Learn!
Episode 4 – Sales Demolition
Biz Tip of the week: Get your clients in the room and shove your product down their throats in a sales demo!
Very, very funny. All of them.
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