Ockham technologies case The case ends as James Triandiflou‚ the founder of Ockham Technologies‚ describes the company’s early growth in launching an enormous deal with IBM and triumph over financing their business operations because it received financing offers from successful investors and venture capital firms. However‚ Ockham continues to face operational problems from assembling its human recourses to establishing outsourcing relationships for its on-going success. Rationale for problem
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Case Analysis – Ockham Technology 1. Assessment of the job Jim has done getting started and assembling key human resources a. Problems and Solutions Problem Solution Process Founding a team Define what they (Jim and Ken) can contribute Identify other needed skills/capabilities Decide number of people they need Look for ideal candidates from their network Complete Less than enough (co)founder commitment Jim and Mike quit their jobs Ken wrote a check as part of initial capital but did not quit his
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business venture‚ Ockham Technologies‚ are similar to those that many other start-ups have experienced or will soon encounter. When creating a new business‚ it is important that those involved in the process have clearly defined roles‚ and that they know where they stand in the hierarchal structure of directors. It is also important that when a business is deciding a board of directors‚ they are willing to fully commit to the organization. The early days of Ockham Technologies were slightly unsteady
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Ockham Technology – what happened? Board of Directors Raised first round from VCs (Noro-Moseley & Monarch)‚ with each getting one seat on the board Added a 5th‚ very experienced industry person Development/outsourcing – Outsourced to ThoughtMill Also hired Gus as internal development team leader Founder tensions Tensions continued to grow‚ and worsened after Ockham hired a COO Mike left Company sold in 2002 to competitor Splitting Founder’s Equity Lesson #1 Considerations in Allocating Initial
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Managing Insurance NMIMS- Family Business Risk & Insurance Management 2012 Compiled by Deepak Godbole “A sound national insurance and reinsurance market is an essential characteristic of economic growth” UNCTAD‚1964 Risk & Insurance Management 2012 Compiled by Deepak Godbole “ The ability to take risks is an essential element of economic progress. The success lies in taking the right risk. ” Risk & Insurance Management 2012 Compiled by Deepak Godbole
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Case Study #1: Ockham Technologies Recommendation Ockham Technologies‚ started by three former consultants at Alexander Group including Jim Triandiflou and Mike Meisenheimer‚ has little experience in product development. Therefore‚ in order for Ockham to 1) successfully develop the first product for IBM on a timely basis‚ 2) continue to build a full suite of five other products‚ I recommend that Jim Triandiflou renegotiates the term sheet with Noro-Moseley so that Ockham takes two million
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own money was a very positive sign for investors. Negative things: - Although Jim was aware of the fact‚ that he needs different skills in the team‚ he found no one with experience in software development. When he outsourced it he has nobody at Ockham who steers Flex Solutions. - A result from that was the critical presentation of the prototype at IBM which was not well pre-pared. At the beginning they started with a structured approach (see positive things) but during implementation they got
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Clearwater Technologies Case Analysis OVERVIEW Clearwater Technologies is a publicly traded technology firm for sales staffs of small- to medium-sized companies. Clearwater’s customized QTX product line held 70 percent of its mature market. To date‚ competition in this market had been minimal‚ because no competitor had been able to match Clearwater’s general functionality‚ and Clearwater held a U.S. patent on a popular feature that directed faxed documents to a specific salesperson’s e-mail rather
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Strategic Marketing Baxton Technology 29. September 2011 Introduction Baxton Technology Company manufactures surface automotive hoists which are used by garages‚ service stations and other repair shops to lift cars for servicing. Because of its design‚ quality of workmanship‚ safety features‚ ease of installation and five-year warranty‚ Baxton Lifts achieved a reputation as the “Mercedes” of the hoist industry and is considered a leader in automotive lift safety in Canada and United States
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Jasper Technologies is a global Internet of Things Platform leader. Jasper Technologies was launched in 2004 but inevitably has become the rising star of this area in IT in recent years due to the investments and interest in the Internet of Things. The Internet of Things is essentially the network of physical objects embedded with electronics‚ software‚ sensors‚ and network connectivity which enables these objects to collect and exchange data. The Internet of Things is emerging as the next technology
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