Btng chattergrids issue 1
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The document discusses the McKinsey 7S model, which identifies seven elements that support organizational performance and change. The seven elements are divided into "hard" elements (strategy, structure, and systems) and "soft" elements (skills, staff, style, and shared values). The model posits that an organization can only succeed when all seven elements are effectively integrated and aligned. It provides examples of each element and explains how the model can help organizations enhance performance, monitor changes, and implement strategies.
![3. Economic News
A New Corporate Position: Chief Data Officer: On October 15, 2012, San
Francisco Mayor Edwin Lee announced the city's plan to hire a chief data officer
(CDO). According to govtech.com, "[San Francisco's] new chief data officer
will be a member of the mayor's staff, operating out of the budget office." San
Francisco is not the first city to embrace the new functional member. In fact,
New York, Chicago, and other major cities in the U.S. have already added the
CDO position in the mayor's office.
The role of the CDO has become a popular topic in corporations as
information is becoming increasingly important in a company’s decision-making
process. As the basis of information, data is now considered a valuable,
intangible asset that requires professional management. The CDO is responsible
for enterprise-wide data management, including business intelligence, data
integration, data processing, and data analytics. CDOs generally report directly
to the chief executive officer and to the chief technology officer.
For the new CDO in San Francisco, major duties include promoting the
importance of open data through cloud and simplifying the city's information
technology infrastructure to pursue better data processing and sharing.
Similarly to other executive positions, the CDO must be prepared to face
challenges within the corporate sphere. Jane Griffin, principal of Deloitte
Consulting, highlights numerous challenges that CDOs encounter throughout
their careers:
1. CDOs not only have to possess IT skills, business knowledge, and people
skills, they also need to find a balance among the three sets of skills to be able to
leverage these skills to effectively manage enterprise data
2. There are obstacles in communicating the value of data in the decision
making process to the executive board
3. Although enterprise data is a highly valuable asset to organizations, the costs
associated with acquiring the right data accurately are also significant. "Does my
company need SAP HANA because it is valuable, or merely because it is
fancy?" - It is a hot topic in every SAP SAPPHIRE since the release of SAP
HANA, and it has always been a challenging question for CDOs
4. Since the eventual goal of data management is to make decisions, CDOs face
challenges in interpreting the data and converting them into actionable
information
As challenging as the CDO position may seem, the position is ideal for
those who want to manage data, coordinate with executives, and take part in an
increasingly influential role within a corporation.
Although the Federal Reserve had been pumping money at the rate of about $85
billion into the system, the Fed is planning to reduce the monthly stimulus it
provides to the markets by their massive bond-buying scheme. Asian currencies
fear a possible knee-jerk reaction looking at the QE tapering option from the
Federal Reserve.
Why:
• The possible dip on Asian currencies and markets could be driven by both
sentimental and economic factors.
• The general outlook of the Investor would be based on the belief that the
American markets are becoming stronger. Hence, the Investor shall take
money out of emerging markets and invest in stronger economies - sending the
equity markets of Asia into a tizzy.
• Meanwhile, the dollar supply would tend to decrease, meaning the dollar
would become stronger with respect to other currencies. There is less supply
and more demand as a big chunk of trade is in USD.
While the Fed chairman has previously alluded to possible easing, markets across
the globe took a hit. However, the rumors afloat and analysts across the board
remain convinced that the Federal Reserve will start their program within the end
of this month.
4. Technology
Contact BTNG
BTNG Knowledge
If you are interested in becoming a contributor for the BTNG Chattergrids, please
email your resume to lunc@usc.edu.
Q&A
In later issues, we will dedicate a Chattergrids section for Q&A. We will invite
industry professionals and recruiters to answer your questions about recruiting
processes, internships, full-time opportunities, and how to ask girls out (not
really). Please send your questions to btnetworkinggroup@gmail.com.
Join BTNG
To learn more about becoming a BTNG member, please visit our Facebook Page:
www.facebook.com/USCBTNG.
(“Chief Data Officer”
on Google Trends)
By Mingbo Gong
By Nikhil Handa
Available at XXX
Issue #1
September 14, 2013
Chattergrids let you - Absorb 5 business topics in 5 minutes every week
- Impress in serious conversationswith professors, professionals, mentors,
managers, bf’s/gf’s parents etc…](https://image.slidesharecdn.com/btngchattergridsissue1-131007234102-phpapp01/85/Btng-chattergrids-issue-1-2-320.jpg)
Btng chattergrids issue 1
- 1. 3. Our Events1. Case Framework Twitter’s largest acquisition - MoPub: Bought MoPub for $350m stocks (Insider source) MoPub’s biz – AdServing •Fill ad space on mobile apps with targeted ads •Manage, monitor & analyze advertising campaigns •Real-time bidding (RTB) exchange What is RTB? When you view a page in an app, an ad space is created. Your info is sent to the exchange. Based on it, advertisers bid for the space. All takes place within seconds. Why Twitter bought it Build RTB into ad platform “So our advertisers can more easily automate and scale their buys” – Official word. Need higher revenues (Target $1bn) as it considers an IPO The Business Technology Networking Group (BTNG) is an organization dedicated to providing its members with a wealth of networking and recruiting opportunities in consulting, advisory, and technology. Protiviti Networking Event on 9/18 (7:00 – 9:00 pm at HOH 304) Ernst & Young Info Sesion on 9/18 (6:30 – 8:30 pm at Radisson Hotel , Champions Room) McKinsey 7S Model was developed by Robert H. Waterman Jr. and Tom Peters during America’s economic recession in the 1980s. The 7S model identifies seven mutually reinforcing organizational elements that support the development and performance of an organization. The seven elements are divided into two equally pivotal categories: Hard Elements •Strategy: Organization’s plan to establish and maintain competition advantage for survival and sustainable growth •Structure: Clearly defined roles and reporting responsibilities within an organization to help execute strategies •Systems: Daily procedures and activities that staff members conduct in normal business operations Soft Elements •Skills: Skills and competencies of staff members from systematic, rigorous trainings •Staff: Human capital needed to execute strategies •Style: Management style adopted to lead staff members. Waterman and Peters found that outstanding organizations adopted both overall centralization of authority and decentralization of specific departments to maintain the company’s shared values while enhancing innovations. •Shared Values: Core values that are understood and believed by all levels of personnel in an organization and the one direction that the entire organization is geared towards The 7S Model can be applied to help organizations enhance operational performance, monitor and improve changes, and identify the best way to implement proposed strategies. According to the McKinsey 7S Model, an organization can only succeed when all seven elements of the organization are effectively communicated, integrated, and harmonized. 2. Business News By Mingbo Gong By Megan Ong By Justin Lun Available at XXX Issue #1 September 14, 2013 Chattergrids let you with professors, professionals, mentors, managers, bf’s/gf’s parents etc… - Absorb 5 business topics in 5 minutes every week - Impress in serious conversations
- 2. 3. Economic News A New Corporate Position: Chief Data Officer: On October 15, 2012, San Francisco Mayor Edwin Lee announced the city's plan to hire a chief data officer (CDO). According to govtech.com, "[San Francisco's] new chief data officer will be a member of the mayor's staff, operating out of the budget office." San Francisco is not the first city to embrace the new functional member. In fact, New York, Chicago, and other major cities in the U.S. have already added the CDO position in the mayor's office. The role of the CDO has become a popular topic in corporations as information is becoming increasingly important in a company’s decision-making process. As the basis of information, data is now considered a valuable, intangible asset that requires professional management. The CDO is responsible for enterprise-wide data management, including business intelligence, data integration, data processing, and data analytics. CDOs generally report directly to the chief executive officer and to the chief technology officer. For the new CDO in San Francisco, major duties include promoting the importance of open data through cloud and simplifying the city's information technology infrastructure to pursue better data processing and sharing. Similarly to other executive positions, the CDO must be prepared to face challenges within the corporate sphere. Jane Griffin, principal of Deloitte Consulting, highlights numerous challenges that CDOs encounter throughout their careers: 1. CDOs not only have to possess IT skills, business knowledge, and people skills, they also need to find a balance among the three sets of skills to be able to leverage these skills to effectively manage enterprise data 2. There are obstacles in communicating the value of data in the decision making process to the executive board 3. Although enterprise data is a highly valuable asset to organizations, the costs associated with acquiring the right data accurately are also significant. "Does my company need SAP HANA because it is valuable, or merely because it is fancy?" - It is a hot topic in every SAP SAPPHIRE since the release of SAP HANA, and it has always been a challenging question for CDOs 4. Since the eventual goal of data management is to make decisions, CDOs face challenges in interpreting the data and converting them into actionable information As challenging as the CDO position may seem, the position is ideal for those who want to manage data, coordinate with executives, and take part in an increasingly influential role within a corporation. Although the Federal Reserve had been pumping money at the rate of about $85 billion into the system, the Fed is planning to reduce the monthly stimulus it provides to the markets by their massive bond-buying scheme. Asian currencies fear a possible knee-jerk reaction looking at the QE tapering option from the Federal Reserve. Why: • The possible dip on Asian currencies and markets could be driven by both sentimental and economic factors. • The general outlook of the Investor would be based on the belief that the American markets are becoming stronger. Hence, the Investor shall take money out of emerging markets and invest in stronger economies - sending the equity markets of Asia into a tizzy. • Meanwhile, the dollar supply would tend to decrease, meaning the dollar would become stronger with respect to other currencies. There is less supply and more demand as a big chunk of trade is in USD. While the Fed chairman has previously alluded to possible easing, markets across the globe took a hit. However, the rumors afloat and analysts across the board remain convinced that the Federal Reserve will start their program within the end of this month. 4. Technology Contact BTNG BTNG Knowledge If you are interested in becoming a contributor for the BTNG Chattergrids, please email your resume to lunc@usc.edu. Q&A In later issues, we will dedicate a Chattergrids section for Q&A. We will invite industry professionals and recruiters to answer your questions about recruiting processes, internships, full-time opportunities, and how to ask girls out (not really). Please send your questions to btnetworkinggroup@gmail.com. Join BTNG To learn more about becoming a BTNG member, please visit our Facebook Page: www.facebook.com/USCBTNG. (“Chief Data Officer” on Google Trends) By Mingbo Gong By Nikhil Handa Available at XXX Issue #1 September 14, 2013 Chattergrids let you - Absorb 5 business topics in 5 minutes every week - Impress in serious conversationswith professors, professionals, mentors, managers, bf’s/gf’s parents etc…