"If you were given $1 million to complete a company project, what would it be?" This is the type of question that can make a company rich. Innovation, quality, work, and talent all combine to answer this question. It is all about the process. Build the right process and you will make all the right decisions. What should you build? What the company will pay for. Money rules the business world. Where do you start with this question? I think you start with What will be of greatest value? What revelation about company operations, strengths, and values are known? How could an innovation be applied that would expand the operation capability? Perhaps the answer is software technology or perhaps it is robotic implementation or perhaps it is mobile computing. The answer is probably a small innovation for $1 million. A list of constraints is needed. How many full time employees will be required to staff the project? What government regulation will be imposed? What are the long term costs for maintaining the project? At $1 million the project will need to be staff by an existing employee, the acquistions will need to be priced, and the implementation will need senior management support. The question was very clever because it was more about problem solve and what not to do.[Learn More ...]

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