TTMG 5001 Principles of Management for Engineers Section P Session 1: Sep 10 Fall 2007 Michael Weiss www.carleton.ca/tim www.carleton.ca/tim/tim.pdf Agenda 1. TIM Program 2. TTMG 5001 Course Outline 3. Sample lecture 4. Lessons learned 5. Talent First Network (TFN) weiss@sce.carleton.ca Slide 2 1. TIM Program • Add value to our graduate students • Distinguishing features • Two program options: thesis and project • Our commitment • Gate review process • Courses available • Department weiss@sce.carleton.ca Slide 3 Add value to TIM students Your relative competitive advantage Knowledge Integrity Leadership Networks Real dumb move t = 0, start graduate program weiss@sce.carleton.ca t = T, complete graduate program Slide 4 Time F1 = Gordian knot to grow Performance MBA Y Science X TIM Time • Synthesis between engineering and management that supports growth • Technology and product bets in early stage markets • Technology/product development and value creation/appropriation • Previously known as Telecommunications Technology Management • Engineering management in Faculty of Engineering • TIM students are experienced professionals Focus weiss@sce.carleton.ca Slide 5 F2 = Compete in open environments • Competition in computing and telecommunications has moved away from closed environments to open environments • Open standards, COTS, open APIs, open platforms, open source software, open content • How do you grow and compete in open environments? • $1.1 Million grant from Ontario’s Ministry of Research and Innovation weiss@sce.carleton.ca Slide 6 F3 = Internationally educated professionals • Our students were educated all over the world • Strong ties with many parts of the world • Address the needs of new Canadians weiss@sce.carleton.ca Slide 7 F4 = Learn through argument • Teaching philosophy in this program is that learning happens through argument • I want you to think: you will only understand a concept if you can argue for it • Constructive argument, detached from emotions weiss@sce.carleton.ca Slide 8 Two program options THESIS PROJECT Degree M.A.Sc. M.Eng. Requirements 7 courses + thesis 9 courses + project Duration, full TIM 5 academic terms (Fall, 6 academic terms (Fall, Winter, Summer, Fall & Winter, Summer, Fall, Winter Winter) & Summer) Courses/term 2 or 3 2 Delivery Classroom Live over the Web Cohort together 3 required courses weiss@sce.carleton.ca Entire program Slide 9 Committed to what matters to students and their employers • Challenging program – Produce and publish world class thesis research and projects – Take strong courses from world class faculty – Access company sponsored labs • Active and collaborative learning – Work with groups to deliver relevant outcomes – Work with students with experience and diverse backgrounds • High quality student-executive-faculty interactions – Interact frequently with excellent faculty and executives – Contribute to joint university-industry research programs • Availability of enriching educational experiences – Lead or support opportunity projects – Participate in partnership and professional conferences – Develop public speaking skills • Supportive environment – Follow the Gate Process to develop TIM theses and projects – Contribute to “Good is the enemy of great” continuous improvement project weiss@sce.carleton.ca Slide 10 Gate review process works • Gates – Gate 0 – proposal for topic and stakeholder buy in (2nd term) – Gate 1 – project progress report (4th term) – Gate 2 – presentation of project deliverables (5-6th term) – Gate 3 – proposal to adopt project outcomes (6th term) • Coherent process is part of the TIM culture • Evidence that TIM student can: – work independently, – work effectively in a team – deliver results in a timely fashion – write and communicate clearly • Lowest mean and median times to completion of graduate programs in engineering weiss@sce.carleton.ca Slide 11 Strong courses available to TIM students • Specifically tailored management courses (TTMG) • Graduate courses from the Ottawa-Carleton Institute for Electrical and Computer Engineering (OCIECE) – Department of Systems and Computer Engineering, Carleton University – School of Information Technology and Engineering, University of Ottawa – Department of Electronics, Carleton University weiss@sce.carleton.ca Slide 12 Department People • 40 full-time faculty members • 3 emeritus professors; 22 adjunct professors • 6 technical and 4 administrative support staff • 260 graduate students Labs • • • • Nortel Advanced Software Engineering Lab Alcatel Laboratory for Advanced Networks TI/Nortel Elite Digital Signal Processing Laboratory Mitel / Analog Devices VoIP Laboratory weiss@sce.carleton.ca 7 Graduate Programs • M.A.Sc. and M.Eng. in Technology Innovation Management • Ph.D., M.A.Sc. and M.Eng. in Electrical Engineering (OCIECE Joint Institute) • M.A.Sc. in Biomedical Engineering • M.Sc. in Information and Systems Science (with SCS and Math) Slide 13 2. Course outline • • • • • • • • • • • Instructor availability Calendar description Objectives Rationale Benefits Class sessions Student evaluations Assignment 1: Literature review Assignment 2: Gate 0 project proposal Exam Presentations weiss@sce.carleton.ca Slide 14 What students deliver For marks • Literature review presentation (version 2) • G0 presentation (version 2) • Literature review document • G0 document • Exam No marks • Read 25 articles • Literature review presentation (version 1) • G0 presentation (version 1) • Ways to improve presentation skills • Lessons learned at conferences we pay for them to attend weiss@sce.carleton.ca Slide 15 Gate 0 project proposal (example) • • • • • • • • • • Executive summary Objective What we know Who cares and why Contribution I make Method Data acquisition Data analysis Conclusions References weiss@sce.carleton.ca Slide 16 3. Product development and commercialization: sample lecture • • • • • Objective Blindspots in product development Factors that determine product development success Tools to predict success How to make money from open source software weiss@sce.carleton.ca Slide 17 Objective Upon completion of this class, you will know about: • Three rules to avoid blindspots when developing products • Perspectives on what factors determine success in product development • Predicting product success early in the development process • Ways to generate income from open source And you will be able to: • Make better sense of product development environment • Appreciate role of a product development manager weiss@sce.carleton.ca Slide 18 Three rules to avoid blindspots in product development • How knowledgeable are we about all the factors that determine the success of our product development effort? • Have we considered competitive responses to our product introduction? • Are we capable to act in a new market and technology domain? weiss@sce.carleton.ca Slide 19 Perspectives on what factors determine product development success Rational plan Communication Disciplined problem solving BrownEisenhardt’s role and context 1995 weiss@sce.carleton.ca Krishnan-Ulrich decision making 2001 Slide 20 Next: open innovation 2004 Brown-Eisenhardt’s perspective on factors that affect market effectiveness Product concept • fit with customer needs • fit with powerful senior management’s vision of the business • fit with team capabilities Market • large • growing • weak competitors Customer involvement weiss@sce.carleton.ca Slide 21 Market effectiveness (profits, sales, market share) Brown-Eisenhardt’s perspective on factors that affect process efficiency Project leader • power • management skills • vision Team • composition (crossfunctional, gatekeepers, moderate tenure) • work organization • communication Senior management • support • control Supplier involvement weiss@sce.carleton.ca Slide 22 Process efficiency (development time, development cost, features delivered) Khrishnan and Ulrich perspective Decisions within the project • Concept development • Supply chain design • Product design • Performance testing and validation • Production ramp up and launch Decisions to establish the project • Product strategy and planning • Product development organization • Project management weiss@sce.carleton.ca Slide 23 Examples of tools Concept development – Tool to predict new product success early in the development process by examining the product concept Product strategy and planning – Strategies to make money from open source weiss@sce.carleton.ca Slide 24 Predicting success analyzing the product concept Two predictors of new product success: • The idea itself • Circumstances of the emergence of the idea Likelihood of success increases, if 1. idea fits one of the templates identified 2. need is identified before product concept is defined weiss@sce.carleton.ca Slide 25 Templates and idea sources Templates Idea sources • • • • • • Spot need first, then look for product • Define form first, then look for suitable needs • Invent • Market research • Follow trend in different class of product Attribute dependency Component control Replacement Displacement Division weiss@sce.carleton.ca Slide 26 Strategies to make money with open source • Optimize applications on top of open source layer • Allow customers to select a license: commercial or General Public License • Provide consulting services using personnel that contributes to open source • Install open source software and charge for support, maintenance and custom development • Eliminate competitors’ ability to sell software by making product open source and then sell complementary services or products • Sell hosted services that run on open source software • Embed open source software into a device, book etc. to increase its attractiveness weiss@sce.carleton.ca Slide 27 4. Lessons learned • An important piece of the learning experience • At the end of each session you will make additions/modifications of the professor’s summary • Over the duration of the course the talking will gradually shift to your end weiss@sce.carleton.ca Slide 28 5. Talent First Network • Talent First Network (TFN) and The Ontario Commercialization Network • Relevance and what is transferred • Organization • Link between Talent First Network and Technology Innovation Management (TIM) program weiss@sce.carleton.ca Slide 29 Talent First Network is part of the Ontario Commercialization Network (OCN) Addressed via ORIC* Efforts Talent First Network Financing Gap Technology Gap $90M Venture $27M $29M Capital Ontario Ontario Investment Accelerator Fund (seed stage Research Research Fund (pre-seed capital >$1 m) $1-5 M) Comm. (Research $17M Angel/Seed Program Institutions) Business Mentorship and Stage (Know & Tech Entrepreneurship Program VC Transfer) Early Stage Financing ($5 -15M) Later Stage Financing ($100 M +) Global Markets Skills Gap Fundamental Research Intellectual Property Market Needs Analysis R&D Project Lab Prototype Engineering Manufacturing Early Production Sales Product Strategy/Early Management *Ontario Research & Innovation Council weiss@sce.carleton.ca Slide 30 TFN is an ORCP project • TFN is linked to the TIM program • Focus is on talent and knowledge transfer • Accelerates transfer of knowledge and open source technology required to create and appropriate value in open environments • Delivers market driven services to technology-based entrepreneurs, start-ups, and small and medium size companies – Early stage feedback, Clean IP, from closed to open R&D, releasing closed code, integration of open source • Actively engages companies and investors to accelerate deal flows and exploit economic opportunities weiss@sce.carleton.ca Slide 31 Open source and environments • An open source technology is an asset (e.g., code, hardware designs, content) with a distribution license that provides users the freedom to use the asset for any purpose, to study and modify the asset, and to redistribute copies of either the original or modified asset without having to pay royalties to previous developers of the asset • Open environments are product markets dominated by buyers demanding open source software, open source hardware, open architectures, open APIs, or open standards (e.g., telecommunications, computing, GIS, simulation, HW designs) weiss@sce.carleton.ca Slide 32 Relevance • Competition in computing, telecommunications and other sectors important to Ontario has moved away from closed environments to open environments • Open source is more about value creation and value appropriation than about reducing costs and shortening time to market • Open source adds a global entity that needs to be managed as part of each and every Ontario company’s value chain, the OSS project weiss@sce.carleton.ca Slide 33 What is transferred by TFN to the private sector • Talented people with skills required to compete in open environments • Open educational resources and professional development programs for entrepreneurs building wealth using open source • Open source technology • Ventures that rely on open source technology • Services that strengthen the private sector’s ability to compete in open environments • Methods that accelerate the private sector’s adoption of open source technology weiss@sce.carleton.ca Slide 34 Organization of TFN Director: T. Bailetti Board of Advisors Outreach (Luc L., 4 primes) Infrastructure (Peter H., 4 RAs) Finance (Carl W., Jonathan W.) Knowledge Tony B. Venture and PoP Luc L. • 9 Knowledge primes • 15 RAs developing open content Services Dwight D. • 1 new staff • 3 RAs supporting entrepreneurs weiss@sce.carleton.ca • 1 RA supporting services Slide 35 OCE Internships Veronica G. • Tony B. Advisory Board • • • • • • • • • • • Autoskill International Bedarra Research Labs Business Development Bank Citadel Rock Online Communities Inc CompEngServ Ltd DM Solutions Eclipse Foundation Eion Solutions Enablence Enercom Canada, Inc., Gowlings weiss@sce.carleton.ca • Hewlett-Packard (Canada) Company • IBM, Ottawa Software Lab • Liquid Computing • Nakina Systems • Nortel • Platform Computing • The Business Accelerators • QNX Software Systems • Unlimitel • VenGrowth Slide 36 TFN-TIM link • TFN provides evidence of quality of TIM program • TFN provides exciting thesis and project opportunities for TIM students • TFN differentiates TIM from all other programs in North America • TFN provides TIM students with money, contacts, opportunities, and experiences weiss@sce.carleton.ca Slide 37 TFN newsletter • Open Source Business Resource (OSBR) • Monthly newsletter of the Talent First Network • Contains articles written by and for people who are interested in open source commercialization • Issues posted on the 15th of each month • http://www.osbr.ca weiss@sce.carleton.ca Slide 38