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What are common sources of errors in startup?

06/08/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Insufficient financing: many entrepreneurs underestimate the start-up costs and the ongoing costs associated with running a business.

2. Insufficient planning: There is often a failure to create a business plan and define the goals of the business.

3. Insufficient knowledge: Many founders do not have the necessary skills and experience to run a successful business.

4. Insufficient management: many entrepreneurs do not have the necessary skills to lead and manage a business.

5. Inadequate legal advice: many businesses rely on their own knowledge for legal issues. They forget that a specialist lawyer can assist them with complex legal issues and decisions.

6. Insufficient market research: many entrepreneurs forget or ignore to explore the needs of their customers and adapt their product or service accordingly.

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What are common sources of error for freelancers?

06/07/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Inadequate planning and time management: freelancers are often prone to overlooking project and time constraints.

2. Inadequate pricing: Freelancers often underestimate their own value, which can result in them not being paid adequately for their services.

3. Inadequate communication: freelancers are often unable to communicate effectively with clients and other stakeholders, which can lead to misunderstandings and problems.

4. Inadequate documentation: freelancers are often unable to properly document their work, which can lead to poor project organization.

5. Inadequate contracts: Freelancers are often unable to sign clear and specific contracts, which can lead to legal difficulties.

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What should be considered in agile project management?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Agile project management is a method that aims to increase the efficiency and flexibility of projects by responding to the needs and feedbacks of the customer. Here are some important points to consider when applying agile methods to project management:

Agile methods require a clear vision: a clear vision of the project, shared by all stakeholders, is essential for the success of agile projects. Everyone should know and understand the goal in order to focus on priorities and objectives.

Transparent communication is necessary: Agile methods require open and transparent communication within the team and with customers. Feedback from customers should be collected quickly and regularly, and integrated into the project.

Agile methods require close collaboration: an agile team works closely together to make quick decisions and adapt to changes. Collaboration and sharing knowledge and ideas within the team is essential.

Agile projects require flexible planning: planning in agile projects is done in short cycles. It is important to be flexible and ready to make changes and adjustments to adapt to changes in the project.

Agile methods rely on iteration and continuous improvement: in agile projects, the project is divided into smaller tasks and steps that are worked through in short intervals (sprints). At the end of each iteration, the result is evaluated and optimized to continuously improve the project.

Agile projects require a team that is self-organizing and self-responsible: an agile team should be able to plan and execute its tasks independently. Members should be self-responsible and take responsibility for their results.

Agile methods require the right tools: Agile project management tools such as Scrum boards, Kanban boards, or agile software tools can help facilitate team collaboration and keep track of the project's progress.

Agile methods require continuous reflection: the team should regularly reflect on the progress of the project and how they are working together to identify challenges and issues and implement improvements.

These points can help you plan and execute successful agile projects. However, it is important to note that agile methods are not suitable for all projects, and the team and organization must be willing to make the necessary changes and adjustments to work in an agile manner.

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What does a product owner do?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

A product owner is a central role in agile software development teams like Scrum. The product owner is responsible for ensuring that the developed product or service meets the needs of the customer and provides real value.

In detail, the role of the product owner includes the following tasks:

Setting the product vision:

The product owner defines the overarching vision of the product and sets the goals and requirements for the team to meet.

Creating the Product Backlog: The Product Owner creates and maintains the list of features and functions that the product should contain and prioritizes them according to the needs of the customer.

Collaborating with the development team: the product owner works closely with the development team to ensure that the team understands the customer's requirements and develops the product accordingly.

Task prioritization: The product owner decides which features and functions of the product need to be developed first, based on the needs of the customer and the value they bring to the business.

Prioritizing tasks.

Monitoring progress: the product owner monitors the progress of the development team and ensures that the team meets the established goals and requirements.

Testing the Product: The Product Owner tests the finished product to ensure that it meets the customer's requirements.

Release Planning: the Product Owner plans the release schedule for the product and coordinates the release with the development team.

Overall, the product owner is a key interface between the customer, management, and the development team and plays a central role in the development of successful products.

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What is the Spotify method?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The Spotify Method, also referred to as "Agile@Scale" or the "Spotify Model," is an agile work methodology developed by Swedish music streaming platform Spotify to improve collaboration and scale in their business.

The Spotify model combines elements from agile software development and lean management methods and is designed to respond quickly to changes in the market and customer needs. The model is based on a matrix organizational structure that enables teams to work together quickly and flexibly to develop solutions.

The Spotify model is based on a matrix organizational structure that enables teams to work together quickly and flexibly to develop solutions.

In this structure, teams are organized into what are called "squads" (small, autonomous work groups), each working on a specific product or feature area. Multiple squads then form "tribes" (departments) that focus on similar business areas. Within a Tribe, there are also "Chapters" (technical groups) that specialize in specific skills or competencies, such as programming, design, or quality assurance, and share and support each other across the different Squads.

The Spotify model also emphasizes the importance of regular feedback and continuous improvement to ensure that teams can learn and adapt quickly. It has become a popular model for other companies looking to implement agility in their organization.

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