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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his new 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
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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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(June 2008) Although not all deontologists are religious‚ some believe in the ’divine command theory’. The divine command theory is a cluster of related theories that state that an action is right if God has decreed that it is right.[9] William of Ockham‚ René Descartes and eighteenth-century Calvinists all accepted versions of this moral theory‚ according to Ralph Cudworth‚ as they all held that moral obligations arise from God’s commands.[10] The Divine Command Theory is a form of deontology because
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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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Allusions: “My father brought her a glittering brooch‚ necklace‚ and dangles to make her all the more inviting‚ though she also wished to wear a cross‚ as always” (Pg. 18). The fact that she always wears a cross reveals that she may carry some guilt regarding her relationship with William and the dishonesty toward William’s wife. She carries religion close to her heart in hopes of gaining forgiveness from God. The dog bite on Anne’s face adds mystery to her identity. Anne clearly despises the physical
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own money was a very positive sign for investors. Negative things: - Although Jim was aware of the fact‚ that he needs different skills in the team‚ he found no one with experience in software development. When he outsourced it he has nobody at Ockham who steers Flex Solutions. - A result from that was the critical presentation of the prototype at IBM which was not well pre-pared. At the beginning they started with a structured approach (see positive things) but during implementation they got
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The crumbling leaves swayed‚ as the winter air crashed against his home. Walking towards his farm‚ William became uncomfortably aware of his surroundings. He grew up in this town‚ spending his days working and adventuring in every niche of the area. For an eighteen year old‚ his journey of life was monotonous. He endeavoured to peregrinate and advance his life- but his next journey was one that caused a nauseous‚ yet prideful feeling in the pit of his stomach. “Please don’t do this Will‚ I need
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