"’Strategy’ (from the Greek strategos, meaning
generalship) is a set of actions toward a specific goal. The concept of
strategy has developed in the laboratory of war. One of the most popular
"strategy" books ever written (and still read today after 2,400
years) is Sun Tzu’s manual, The Art of War.” – National Association of Corporate Directors
FAQ in Corporate Governance
Top Picks
81 dead in Mexico as flu
emergency goes global
“By Sunday, 81 deaths had been deemed ‘likely linked’ to a
deadly new strain of the virus by health authorities in Mexico. Viral testing has
confirmed 20 cases, said Dr. Jose A. Cordova Villalobos, Mexico's health
secretary. In the United States, the number of confirmed swine flu cases stood
at 11. In New Zealand, officials said 22 students and three teachers, who
returned from a three-week-long language trip to Mexico, may have been infected
with the virus.”
http://www.cnn.com/2009/HEALTH/04/26/swine.flu/index.html
Facts about swine flu: http://www.cnn.com/2009/HEALTH/04/25/swine.flu/index.html#cnnSTCOther1
BBC Coverage: http://news.bbc.co.uk/1/hi/world/americas/8019100.stm
Debunking Data Centers
“Clean white server rooms, security cameras, biometric scanners, enormous
cooling units, uninterruptible power supplies and massive generators make
professional data centers look more impressive than your server room, but are
they?”
http://datacenterjournal.com/index.php?option=com_content&task=view&id=2739
[I really like this
article. The author stresses the need for reliability and makes a very
important point – question your assumptions. Just because the
datacenter looks great doesn’t mean that it is reliable.]
Geithner: Economic slide eases,
no recovery yet
“U.S. Treasury Secretary Timothy Geithner said on Friday that signs of an
easing in the pace of deterioration in the global economy should not be
confused with the start of recovery.”
http://uk.reuters.com/article/americasRegulatoryNes/idUKN2445032520090424
IT Audit / Internal Audit / Compliance / Ethics
Deloitte’s “Board Governance”
This section of the Deloitte website is a treasure trove of Board-level
governance documents. Very interesting.
https://www.corpgov.deloitte.com/site/us/menuitem.88e49625b72277a98f220ce36cdf8a0c/
National Association of Corporate
Directors (NACD) – Frequently Asked Questions in Corporate Governance
Another great resource.
https://secure.nacdonline.org/Source/Meetings/faq-details.cfm?faq=6#102
IT Process Improvement / Quality Management
Doing More with Less: IT
Framework Integration
“With the economic downturn organizations are pushing to drive down costs
while improving quality. To shorten the learning curve and improve the
likelihood of success, proven business and IT frameworks relating to quality
and other disciplines are being reviewed for insights on how to improve
effectiveness and efficiency. IT groups not familiar with the various
frameworks and how they may integrate are apt to make wrong decisions or allow
business management to make wrong decisions. Given the plethora of
frameworks that IT may be involved with, it only makes sense to review some of
the most common ones at a very high-level and then discuss how they can work
together. The following are common frameworks that IT may well encounter.”
http://www.itsmwatch.com/itil/article.php/3816046
Study: Not replacing laptops can
prove very costly
“Companies looking to cope with declining IT budgets by postponing the
purchase of new laptop computers are likely making a mistake, according to a
new report released by technology consulting firm J.Gold Associates LLC.”
http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9132096&source=rss_null14
[This parallels personal observations regarding the need for a three year
rotation on laptops/notebooks.]
Kurt’s Corner
News and views from Kurt Milne, the
managing director of the ITPI. He can be reached at: kurt.milne@....
Are you ready for virtual desktop
and desktop applications?
Those IT shops that need tight control over desktop environments
should consider these emerging technologies. This article highlights a
couple of common objections – cost and user experience. But recent
demos I’ve seen from vendors such as InstallFree – seem to have
enterprise class “bells and whistles” that address concerns about
working offline and meeting compliance and control objectives.
http://www.itbusinessedge.com/cm/community/features/articles/blog/whats-holding-back-virtual-desktop-infrastructure/?cs=31689&utm_source=itbe&utm_medium=email&utm_campaign=OIN&nr=OIN
Who’s who in cloud
computing
Here is an introductory summary of cloud market segments and
leaders – by Carl Brooks at SearchServerVirtualization.com.
http://searchservervirtualization.techtarget.com/news/article/0,289142,sid94_gci1351649,00.html?track=NL-651&ad=698295&asrc=EM_NLN_6507223&uid=4561296#
Thinking more about risk
There has been some serious soul searching going on in the corporate governance
space about modeling and managing risk as part of overall
governance. This article lays out the problem pretty well, but
I’m not sure it gets the solution quite right. I think more people need
to be trained on basic risk-based thinking. Simple questions such as “what
could go wrong with this project/product/timeline? What are we going to do to
keep it from happening? What is the response if it does happen?”
need to be asked and risks managed.
http://knowledge.wharton.upenn.edu/article.cfm?articleid=2205
Data Centers / Cloud Computing / Green IT
Details of Data Center Metrics
from Environmental Protection Agency
“The metric which has been put forth by EPA is the energy star rating of
data centers which will be on a scale ranging from 1 to 100. The rating would
help data centers to know where they stand compared to their peers as far as
efficient energy utilization is concerned.”
http://datacenterjournal.com/index.php?option=com_content&task=view&id=2738
DCiE de facto energy efficiency
benchmark for DOE
“The recent announcement by the U.S. Department of Energy Industrial
Technologies Program (ITP) on funding research that seeks to increase the
energy efficiency of server-based telecommunications and data center facilities
has a very interesting measurement mentioned within it. DCIE or Data Center
Infrastructure Efficiency was developed by the Green Grid as a benchmark for
energy efficiency in the data center. DCiE’s reciprocal is PUE which
stands for Power Usage Effectiveness.”
http://datacenterjournal.com/index.php?option=com_content&task=view&id=2578
IBM plans cloud computing
services for 2009
“IBM plans to launch several cloud computing services this year, taking
on companies such as Amazon.com Inc, Google Inc, Microsoft Corp and
Salesforce.com Inc. International Business Machines Corp spokeswoman Kelly Sims
said on Thursday the first of these new services will enable developers to
write software that works with the emerging, Web-based technology. Cloud
computing systems run software and store information in remote, large-scale
data centers that users and programmers access over the Internet.”
http://www.guardian.co.uk/business/feedarticle/8470558
Amazon.com Eyes CIOs With Its AWS
Cloud IT Services
“Although skeptics raised eyebrows over Amazon.com's decision to provide
hosted IT infrastructure services, the e-commerce giant remains firmly
committed to this business, as it increasingly courts CIOs and IT managers.
Amazon.com officially entered this market in March 2006 when it launched its
Simple Storage Service (S3) and the Amazon Web Services (AWS) subsidiary, which
today provides a suite of Internet-based IT infrastructure services.”
http://www.pcworld.com/article/163825/amazoncom_eyes_cios_with_its_aws_cloud_it_services.html
Security and Risk Management
RSA 2009: A yawner at best
“In my humble opinion, the RSA 2009 security conference, held this week
in San Francisco, was extremely flat compared with past years. Yes, the economy
had a lot to do with it. I believe last year's attendance was around 17,000
people, and I've heard that this year was off about 12 percent to 13 percent.
Personally, I can't believe there were more than 10,000 folks there.”
http://news.cnet.com/8301-1009_3-10226997-83.html
Is IT ready for a pandemic after
mergers, layoffs?
Basically the author is questioning IT’s ability to cope with a pandemic
given the layoffs due to the economy.
http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9132111&source=rss_null14
Top five cloud computing security
issues
“In the last few years, cloud computing has grown from being a promising
business concept to one of the fastest growing segments of the IT industry.
Now, recession-hit companies are increasingly realising that simply by tapping
into the cloud they can gain fast access to best-of-breed business applications
or drastically boost their infrastructure resources, all at negligible cost.
But as more and more information on individuals and companies is placed in the
cloud, concerns are beginning to grow about just how safe an environment it is.”
http://www.computerweekly.com/Articles/2009/04/24/235782/top-five-cloud-computing-security-issues.htm
Health and Healthcare
Patients Irate With Insurers'
'Fail First' Policy
“The basic idea behind step therapy is to start with the most
cost-effective and safest treatment, progressing to more costly or risky
therapy only if the current treatment is not effective. In theory, proponents
say, the strategy both minimizes risks to the patient and keeps overall costs
under control.”
http://abcnews.go.com/Health/PainManagement/story?id=7395636&page=1
The Dubious Promise of Digital
Medicine
“Neal Patterson likens the current scramble in health information
technology to the 19th century land rush that opened his native Oklahoma to
homesteaders. Cerner (CERN), the large medical vendor Patterson heads, is
jockeying for new business spurred by a $19.6 billion federal initiative to
computerize a health system buried in paper. ‘It's a beautiful
opportunity for us,’ the CEO says.
http://www.businessweek.com/magazine/content/09_18/b4129030606214.htm?campaign_id=rss_null
Human Error / Safety / Environment
FAA: bird strikes more than
double at big airports
“Airplane collisions with birds have more than doubled at 13 major U.S.
airports since 2000, and New York's Kennedy airport and Sacramento International
report the most incidents with serious damage, according to Federal Aviation
Administration data released for the first time Friday.”
http://www.google.com/hostednews/ap/article/ALeqM5itzk6YVnBDZLTUTd5d_R_ct_LOLAD97OV4VO0
http://abcnews.go.com/Travel/story?id=7419909&page=1
'Climate change' forces Eskimos
to abandon village
“The indigenous people of Alaska have stood firm against some of the most
extreme weather conditions on Earth for thousands of years. But now, flooding
blamed on climate change is forcing at least one Eskimo village to move to
safer ground.”
http://www.cnn.com/2009/TECH/science/04/24/climate.change.eskimos/index.html
How swine flu spreads in humans
“A new strain of influenza is infecting people in Mexico and the United
States and may have killed up to 60 people in Mexico, global health officials
said today. The CDC has analyzed samples of the H1N1 virus from some of
the U.S. patients, all of whom have recovered, and said it is a
never-before-seen mixture of viruses from swine, birds and humans.”
http://www.latimes.com/news/nationworld/world/la-fg-mexico-flu-box25-2009apr25,0,5114253.story
Mexico City on alert over swine
flu outbreak
“Mexican officials closed all schools Friday in the capital city in an
effort to combat the swine flu virus that has killed dozens in Mexico and
infected eight people in the United States.”
http://www.cnn.com/2009/HEALTH/04/25/swine.flu/index.html
Global News / Business / Economics
G7 sees signs of stabilization;
vows cooperation
“Finance chiefs from the G7 powers said the downturn in their economies
was easing and they pledged to ensure big financial firms are sound, according
to a draft statement obtained by Reuters on Friday.”
http://www.reuters.com/article/newsOne/idUSTRE53M52K20090424
Why Iran Is Hungry for Business
with the U.S.
“Americans and other Western companies might benefit, too. Iran, after
all, has 66 million people, good schools, and a diversified industrial
base—with a pent-up appetite for computers, planes, aircraft parts, and
knowhow for the crucial oil and gas industry. And many Iranians like the
prospect of working with U.S. companies rather than the Europeans that have
been the only game in recent years.”
http://www.businessweek.com/magazine/content/09_18/b4129020609532.htm?campaign_id=rss_null
US News / Business / Economics
Why is Wall Street ignoring Detroit?
“Part of this is because the auto sector's problems are taking a back
seat (pardon the pun) to the state of the nation's banks and insurance
companies. And, for now at least, investors are feeling a little better about
the financial sector. There is also a sense that an automaker bankruptcy
may already be priced into the market.”
http://money.cnn.com/2009/04/24/markets/thebuzz/?postversion=2009042412
Is the stress test stressful
enough?
“Guidelines revealed Friday renew questions about whether the
government's stress tests are stressful enough to account for the losses that
might hit banks in a deepening downturn.”
http://money.cnn.com/2009/04/24/news/stress.testing.fortune/?postversion=2009042417
Federal officials privately issue banks'
'stress tests' results
“The results will not be made public until May 4, and banks are not
allowed to reveal them. But the Federal Reserve, which is overseeing the
process, today released details of the data and assumptions used to conduct the
tests. The 21-page white paper was issued ahead of the actual results to give
the public time to understand the process and data, according to a senior Fed
official who spoke on condition of anonymity because the process is ongoing.”
http://www.latimes.com/business/la-fi-stresstests25-2009apr25,0,5490195.story
The nagging euphoria over Ford
“Ford Motor Co.'s firm refusal to take government bailout money has made
it the toast of Detroit. Despite ongoing losses, its go-it-alone attitude has
won the admiration of countless Americans.”
http://www.marketwatch.com/news/story/nagging-euphoria-over-ford/story.aspx?guid={23DD9B92-5E3E-4619-958F-39D27764FB06}&dist=msr_9
Ford posts big loss, shows improvement in
cash outflow
“Ford Motor Co. shares rallied as much as 21% on Friday after the No. 2
U.S. automaker reported improved cash flow and a quarterly loss that wasn't
nearly as bad as Wall Street had expected.”
http://www.marketwatch.com/News/Story/ford-shares-rally-improvement-cash/story.aspx?guid={9D38EE2E-766C-4C81-BD66-AB3D107AB560}
Pontiac: R.I.P.
“General Motors is expected to announce Monday that it plans to kill its
Pontiac brand, rather than maintain it as a niche brand with one or two models
into the future as had been previously announced by company officials.”
http://www.businessweek.com/autos/autobeat/archives/2009/04/pontiac_rip.html
Technology & Science
Scientists complete genome sequence of cows
“Scientists have finished the genome sequence of cows, which could
contribute to better disease resistance and higher quality meat for consumers,
according to reports to be published Friday in journal Science.”
http://news.xinhuanet.com/english/2009-04/24/content_11249258.htm
China prepares for market launch of robots
attending lone elderly
“A 1.6-meter tall robot with twinkling eyes may soon become the best
friend for lone elderly people, as Chinese scientists make the final sprint
toward its market launch, said a senior researcher on the robot project here on
Saturday.”
http://news.xinhuanet.com/english/2009-04/25/content_11254566.htm
End Notes
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