Public Notes


Recent Activity

  • Bob shared from Creativity: Flow and the Psychology of Discovery and Invention (Harper Perennial Modern Classics) by Mihaly Csikszentmihalyi
    There are several ways that domains can help or hinder creativity. Three major dimensions are particularly relevant: the clarity of structure, the centrality within the culture, and accessibility. Say that pharmaceutical companies A and B are competing in the same market. The amount of money they devote to research and development, as well as the creative potential of their researchers, is equal. Now we want to predict whether company A or B will come up with the most effective new drugs, basing our prediction solely on domain characteristics. The questions we would ask are the following: Which...
  • Bob shared from How to Measure Anything: Finding the Value of Intangibles in Business by Douglas W. Hubbard
    It is not too bold a statement to say that a software development project is one of the riskiest investments a business makes. For example, the chance of a large software project being canceled increases with project duration. In the 1990s, those projects that exceeded two years of elapsed calendar time in development had a default rate that exceeded the worst-rated junk bonds (something over 25%). Yet most companies that use ROI analysis do not account for this risk. The typical hurdle rates are not adjusted for differences in the risk of IT projects, even though risk should be a huge factor...
    Note: thought you would enjoy this passage.
  • Bob shared from How to Measure Anything: Finding the Value of Intangibles in Business by Douglas W. Hubbard
    It is not too bold a statement to say that a software development project is one of the riskiest investments a business makes. For example, the chance of a large software project being canceled increases with project duration. In the 1990s, those projects that exceeded two years of elapsed calendar time in development had a default rate that exceeded the worst-rated junk bonds (something over 25%). Yet most companies that use ROI analysis do not account for this risk. The typical hurdle rates are not adjusted for differences in the risk of IT projects, even though risk should be a huge factor...
    Note: thought you would enjoy this passage.
(Frisco, TX)
Bob Rayes