Principles of Information Technology 2 of 5

When it comes to minimizing risk, redundancy is a good thing. But, in the field of Business Information Technology Deployment, redundancy is bad.

This is the second in a series of five dedicated to the five principles of Business Information Technology Deployment. The second principle is that "the Business Information Technology System must be non-redundant." In this brief video Martin Ramsay discusses why redundancy (not to be confused with a backup of an information system) is counter-productive, adding cost, decreasing accuracy, and causing many more problems. So many organizations routinely violate this principle to their detriment. Watch this video to learn more about how you can help your organization become more effective by following the second principle of Business Information Technology Deployment.



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Sponsored by CEATH Company.

Minimizing Risk

What do you think about risk? Are you someone who secretly enjoys risk? Or do you play it safe?

Martin Ramsay doesn't think we can ever eliminate risk. But, when it comes to business processes, we certainly can and should take steps to minimize it. In this brief video, Martin describes a simple "formula" he uses to think about process risk and the potential for negative consequences. The key is to start by recognizing where potential failures could occur, thus identifying points of risk.

Watch this video to get Martin's thoughts on his simple risk minimization formula and how it might apply to your work.



Be sure and check out Martin's previous blog entries.

Sponsored by CEATH Company.

Contracts Done Right

How do you view contracts? Many people seem to view contracts as the basis upon which they might sue the other party should there be a breach of the agreement. But Martin Ramsay sees it differently. He make the case in this video blog that a contract is actually an opportunity for transparency. By putting down on paper, with as much clarity as possible, what both parties intend to bring to the business relationship, participants in a contract can come to a much better understanding of their expectations of each other.

A contract shouldn't be seen as a method for legal action, but as an opportunity for clarity and understanding.



Be sure and check out Martin's previous blog entries.

Sponsored by CEATH Company.

Reminders from the Resilient Robins

Are you feeling discouraged? Are things not going quite your way?

Learn a lessons from a pair of robins in the backyard who suffered some rather serious setbacks, but showed real grit and tenacity in overcoming adversity.



Be sure and check out Martin's previous blog entries.

Sponsored by CEATH Company.

Goodbye Coldwater Creek

What happened to Coldwater Creek? According to the company web site, "On April 11, 2014, Coldwater Creek filed for bankruptcy in order to facilitate an orderly wind-down of our operations." The move was required because "the Company and its advisors were unable to find a potential buyer for the Company or a source of capital to provide adequate liquidity to fund the Company's ongoing strategic turnaround initiatives."

What happened to the company? In this video blog, Martin Ramsay considers some of the possible reasons for Coldwater Creek's untimely demise. A clue came from a 70 year old clerk who has worked for Coldwater Creek for ten years. Watch this blog to learn what she said. Then judge for yourself whether or not she is on to something ... and what it might mean for your organization.






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Be sure and check out Martin's previous blog entries.

Sponsored by CEATH Company.

The Dangers of Becoming Risk Adverse

Continuing the complacency theme begun last week, Martin Ramsay talks about the dangers of becoming risk adverse in our work. Too much complacency has the potential for making us lazy and risk adverse, which may cause us to overlook new opportunities.



Martin encourages us to live a bit closer to reality, allowing ourselves the opportunity to fail. Only then can we also have the potential for great successes.

Be sure and check out earlier blog entries from the list on the right.

Sponsored by CEATH Company.

Complacency and Exposure to the Elements

Are you in danger of becoming too complacent in your work? The recent cold weather reminds us we all have vulnerabilities. Were it not for a warm place to live and work, we would be at the mercy of the elements.



In this blog, Martin Ramsay discusses why we might not want to allow ourselves to become too complacent.

Be sure and check out earlier blog entries from the list on the right.

Sponsored by CEATH Company.