business venture‚ Ockham Technologies‚ are similar to those that many other start-ups have experienced or will soon encounter. When creating a new business‚ it is important that those involved in the process have clearly defined roles‚ and that they know where they stand in the hierarchal structure of directors. It is also important that when a business is deciding a board of directors‚ they are willing to fully commit to the organization. The early days of Ockham Technologies were slightly unsteady
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Ockham technologies case The case ends as James Triandiflou‚ the founder of Ockham Technologies‚ describes the company’s early growth in launching an enormous deal with IBM and triumph over financing their business operations because it received financing offers from successful investors and venture capital firms. However‚ Ockham continues to face operational problems from assembling its human recourses to establishing outsourcing relationships for its on-going success. Rationale for problem
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Ockham Technology – what happened? Board of Directors Raised first round from VCs (Noro-Moseley & Monarch)‚ with each getting one seat on the board Added a 5th‚ very experienced industry person Development/outsourcing – Outsourced to ThoughtMill Also hired Gus as internal development team leader Founder tensions Tensions continued to grow‚ and worsened after Ockham hired a COO Mike left Company sold in 2002 to competitor Splitting Founder’s Equity Lesson #1 Considerations in Allocating Initial
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Managing Insurance NMIMS- Family Business Risk & Insurance Management 2012 Compiled by Deepak Godbole “A sound national insurance and reinsurance market is an essential characteristic of economic growth” UNCTAD‚1964 Risk & Insurance Management 2012 Compiled by Deepak Godbole “ The ability to take risks is an essential element of economic progress. The success lies in taking the right risk. ” Risk & Insurance Management 2012 Compiled by Deepak Godbole
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Case Analysis – Ockham Technology 1. Assessment of the job Jim has done getting started and assembling key human resources a. Problems and Solutions Problem Solution Process Founding a team Define what they (Jim and Ken) can contribute Identify other needed skills/capabilities Decide number of people they need Look for ideal candidates from their network Complete Less than enough (co)founder commitment Jim and Mike quit their jobs Ken wrote a check as part of initial capital but did not quit his
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Case Study #1: Ockham Technologies Recommendation Ockham Technologies‚ started by three former consultants at Alexander Group including Jim Triandiflou and Mike Meisenheimer‚ has little experience in product development. Therefore‚ in order for Ockham to 1) successfully develop the first product for IBM on a timely basis‚ 2) continue to build a full suite of five other products‚ I recommend that Jim Triandiflou renegotiates the term sheet with Noro-Moseley so that Ockham takes two million
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Home - Techucation - What Is Technology – Meaning of Technology and Its Use What Is Technology – Meaning of Technology and Its Use Posted by: Karehka Ramey in Techucation December 12‚ 2013 0 1. 1. DEFINITION: What Is Technology? Technology is a body of knowledge devoted to creating tools‚ processing actions and extracting of materials. The term ‘Technology” is wide and everyone has their own way of understanding the meaning of technology. We use technology to accomplish various tasks in
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http://en.wikipedia.org/wiki/Technology https://wiki.uiowa.edu/display/edtech/Advantages+and+Disadvantages+of+Technology http://www.studymode.com/essays/Advantages-And-Disadvantages-Of-Modern-Technology-99813.html https://wiki.uiowa.edu/pages/viewpage.action?pageId=42008699 http://smallbusiness.chron.com/advantages-disadvantages-technology-advances-12579.html http://www.useoftechnology.com/modern-technology-advantages-disadvantages/ 10 ADVANTAGES OF MODERN TECHNOLOGY: Easy Access to information:
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cons of technology are numerous. One benefit of technology is that people are able to access information and each other much faster and easier than ever before. Doctors can access your test results and medical charts quickly due to technology in the medical profession. With technology‚ companies save money because they do not have to pay travel expenses or even have to have a physical location. Technology makes life convenient and efficient. There are also several cons to technology. Unfortunately
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Technologies for the New Generation As technology continues to grow‚ we slowly became more reliant and addicted to it. Technology was created to increase productivity but many abused it for some sort of entertainment. In the article‚ “Technology taking a toll on a reality‚” by Brit Lamm‚ she discusses the effects of modern technology. Technology improved the quality of our lives but at the same time it became an addiction and obsession. In today’s standard‚ technology has become a necessity and
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