Business Failure: IGottaGuide.com Ever since the boom of the Internet there has been a remarkable amount of business that has popped up just as fast as they have disappeared. The story of a small technology company, called as IGottaGuide.com (IGG), is similar to that of many new startup technology companies. From its launch in April 2011 to its fall less then 2 years later, IGottaGuide.com is the perfect example of how a good idea can fail when execution and planning are done poorly. Cofounders Keith Petri and Michael Griffiths created IGottaGuide.com in 2011. Petri states in his blog, KeithPetri.com, that IGG that was his first scalable technology start up company. Prior to working with Mr. Griffiths, both gentlemen had extensive experience in the service – based businesses. The idea for IGG came about one Petri and Griffiths were discussing the tourism industry. They saw the industry as being fragmented and hard to navigate with the massive amount of information and options available to the public. Both cofounders felt that the best way to experience a new city was to feel like a local. They wanted their users to have access and knowledge about all the cities they were traveling to. The idea was simple enough but finding local experts willing to share their knowledge, insight and time proved to be a more daunting task. As time had passed the cofounders were able to design, develop and launch a beta site within just two months. Keith Petri goes on in his
in design as well as technology and combined the two by introducing the site WeRoll.net.
The leadership within IZL Corporation has become complacent and not ready to tackle challenges inherent in managing large public companies as well as dealing with developed financial institutions and regulators. This is evident when Jack Carlisle asked the question “How do you know how things are going?” and the response was “If I don’t get a call, everything must be fine.” (Austin, 2007). The company lacked a reporting mechanism that will otherwise provide important information about the affairs and health of the business and IT infrastructure.
IZL hired Jack Carlisle to restructure and reorganize its Information Technology (IT) department for its growing financial services organization. Our company is overwhelmed with internal turmoil which has seen the abrupt resignation of the company's Chief Executive Officer (CEO) Chuck Hansen. The newly appointed CEO, Jim Giles, the former newly hired Chief Operating Officer (COO), seems to playing office politics and is trying to develop his own inner circle. Jack Carlisle, who is a straight shooter must assess the changes needed, both strategic and tactical, in an environment
Soon this calling grow to a level that demanded more resources than the small startup could not easily sustain. Information Technology needed to be improved to situation to enable the staff to leverage its promise for increased work flow. With the increased efficiency from an increase IT presence came the need for more from the knowledge on how to manage this resource. This
Notwithstanding, Collins alerts that technology ought not to be viewed as a potential panacea for every one of that afflicts an organization. The habit of this sort of believing was uncovered in the repercussions of the crash of the technology rise in the early 2000s. The market remedy tossed into sharp relief the contrasts between sustainable uses of the Internet to extend established businesses and ill-planned, unviable online new companies. Collins contends that the good-to-great companies approach the possibility of new and developing advancements with a similar prudence and careful deliberation that describes the greater part of their different business choices. Further, these organizations have a tendency to apply innovation in a way that is intelligent of their "hedgehog ideas" - ordinarily by choosing and centering exclusively upon the improvement of a couple of advancements that are on a very basic level perfect with their set up qualities and goals.
In spite of having a successful and glorious past, Time Inc. today is struggling to survive in challenging publishing industry due to technology mega-trends shifting the business model. My organization was forced to adapt to the brand-new digital world with leaner staffing levels and lowest possible operating costs; that company can realistically afford without jeopardizing its quality content provider image. I find my line-management challenges very similar to the protagonist Alex Rogo’s struggle, where I’m constantly operating under tight budget constraints, dealing with mandated lay-offs, and still required to deliver cutting-edge enterprise IT infrastructure; which is serving as the back-bone of my firm’s “digital content provider business model.” Heavy business reliance on enterprise IT for global revenue generation requires efficient and optimized enterprise IT infrastructure, and subsequently makes my job as an IT infrastructure manager very difficult and challenging.
It is very clear that it takes more than great ideas in order to stay on top in the technology arena. Competition is never ending and sometimes a company can spend more time keeping the competition away then improving on their vision. The videos “Browser Wars” and “Search” conveyed that as young upstart companies worked to get their ideas out into the marketplace.
This paper will profile Jeff Hawkins, Chief Technology Officer (CTO) for PalmOne, Inc. examining qualities that Mr. Hawkins exhibits that make him influential leader. The paper will also examine details of the business strategy that make this man an exceptional innovator and his contribution to eBusiness technology.
1. I believe that the single most important responsibility of a company is to make sure that the people that they serve are happy with their goods or service. I believe this to be most important because if the people are unhappy with your good or service, then the amount of business that you do will go down therefore causing you to earn less money and a failure in the business.
Copyright 2009 Harvard Business School Publishing Corporation All rights reserved Printed in the United States of America This chapter was originally published as chapter 1 of The Adventures of an IT Leader, copyright 2009 Harvard Business School Publishing Corporation. No part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise), without the
Throughout her career Lori has worked with numerous startup (IT) organizations, small businesses and the Fortune 500 to bring sound business solutions to today’s high-tech challenges. Her experience in account management, recruiting, sales, business management and human resources, helps support NextGen’s history of success in maintaining long standing client relationships. A native of St. Louis and having “grown up” in the industry, Lori, brings to every business experience, a strong understanding of technology and the marketplace. Foremost, she is responsible to her team for whom she has
Information Technology (IT) is a foundation for conducting business today. It plays a critical role in increasing productivity of firms and entire nation. It is proven that firms who invested in IT have experienced continued growth in productivity and efficiency. Many companies' survival and even existence without use of IT is unimaginable. IT has become the largest component of capital investment for companies in the United States and many other countries.
Jim Collins and his research team of 20 compared and contrasted how many companies made the leap to greatness and how other companies didn’t. Based on bundles of evidence and a large quantity of data, he and his team uncovered how
The following are some ideas to help you pick a topic for the Market Failure Research Paper assignment. Consult with your instructor if you are having trouble picking a topic.
Google is the most successful information technology and web search company in the world. It was founded in 1998 by two Stanford Ph.D. students, Larry Page and Sergey Brin. The company name, Google, is a play on the word “googol” which is a mathematical term for the number 1 followed by 100 zeros. Larry Page and Sergey Brin chose this name to reflect the large amount of information on the web. The two created this search engine so that people can find anything on the web all in one place. The company’s mission is “to organize the world’s information and make it universally accessible and useful.” Now, the company is far more than a search engine website, it has grown to be a substantial collection of products and services that are