Saturday, December 6, 2014

Fall 2014 Student Projects

The first photo shows the BUS 209 Quantitative Analysis of Business class making their final presentation last week. Each semester students in BUS 209 work with a real company or organization, study its operations, collect and analyze data, and make recommendations. Much like a consultant would for a client. The class is 9 credit hours and incorporates Management, Marketing, and Business Statistics. Integrating content from each of these disciplines, the class is team taught by three instructors. For example, I teach the Statistics module which would be equivalent to a three hour class. We use Excel and SPSS for most of the data analysis. This semester, our client was the Crossroads of America Council of the Boy Scouts of America located in central Indiana.

In the second photo, students from the BUS 325 Business Creation and Development class present their final work. Enrollment in BUS 325 is selective, students must apply and be accepted. This semester the client was the Indianapolis Department of Public Safety--which includes agencies such as the Indianapolis Metropolitan Police Department, Fire Department, and Homeland Security. My involvement was to help them develop a “dashboard” application in Excel that would track budget information, personnel, and performance goals for each agency. This application was connected to a “back-end” database created using Microsoft Access. Students from my MIS 310 Database Management class developed the underlying data model and assisted with data entry.

Tuesday, November 18, 2014

TV and Movie Technology

The technology we use every day was once portrayed on TV and in movies as science fiction long before it was ever available. In this slide show, eWEEK takes a look back at some classic movies and TV shows that can teach today's IT pros how to deal with today's technology and users. More than that, it got me thinking of all the things we take for granted that were once totally imaginary. How many examples of current technology from these (and other) movies and shows can you think of?

Monday, October 13, 2014

Social Media is Transforming Business

CIO Insight reminds us that there once was a time not so long ago when business discouraged or forbid employees entirely from posting comments on Facebook and other social media sites. Today, according to CIO, at least four out of five companies either actively use social media or are planning to do so. Social media's immediacy, accessibility, and flexibility takes collaboration to the next level, as workers initiate communication with vendors, customers and, each other. Social media allows a company to respond to consumer complaints, praises, and general observations in real-time, breaking down the barriers that once existed between an organization and its customers. HR in particular has embraced social media usage: three-quarters of organizations have successfully hired a candidate this way (up from only 58 percent in 2010).

In a new book, "A World Gone Social: How Companies Must Adapt to Survive," authors Ted Coiné and Mark Babbitt discuss how social media is profoundly changing the very essence of our corporate culture and business strategies. Coiné is chairman and co-founder of SwitchandShift.com, a blog focused on leadership, culture and change, and was recently named a Forbes Top 10 Social Media Power Influencer. Babbitt is CEO and founder of YouTern, a social community for college students, recent graduates and young professionals.

Thursday, September 25, 2014

The Internet of Things

No, although we buy more things than ever on-line, "The Internet of Things" means something completely different. I have been getting a lot of questions about what this latest phrase means (remember "Web 2.0"?) and whether it is significant. This infographic from Goldman Sachs does an excellent job explaining the "IoT" and what is driving it.

Sunday, August 24, 2014

Technology and Business

We all know that technology has the power to transform the way we live and work. This article from CIO provides some real life examples of how technology can change a business. Charles Shaver, Chairman and CEO of Axalta Coating Systems shares what qualities a CIO should possess to deliver IT innovation. Not surprisingly, understanding the business is at the top of the list. He also discusses how to get people in your company to embrace change.

Sunday, March 30, 2014

2014 Billionaire’s Challenge

It's that time of year again. Last week the BUS 350 Operations Management class had it's annual Billionaire's Challenge and the winners are:

Julie Bede $1,018,990,000
Ashley McQueen $3.2 "Septillion"

Nice going!


Tuesday, November 26, 2013

Recent Published Work

Andrew Smith (2013). “How Are We Doing?” Tracking Efficiency, Utilization, and Productivity. Universal Journal of Industrial and Business Management, 1 , 137 - 140. doi: 10.13189/ujibm.2013.010402.

ABSTRACT
Productivity gains lead to competitive advantages. To achieve success, managers need to know if they are making the most effective use of resources. Understanding how well a business is performing compared to other firms in an industry is vital. Efficiency and Utilization are two measures that can be used to answer the question “How are we doing?” Once you have defined key variables and established benchmarks, programs like Microsoft Excel make it easy to set up the necessary calculations and track performance over time. A spreadsheet application is demonstrated that illustrates the concepts discussed. Formulas are included and explained.

KEYWORDS              
Efficiency, Productivity, Utilization, Operations Management, Excel, MIS