About this Presentation
Effective IT solutions and infrastructure are a prerequisite for survival in today’s business environment. Requirements regarding IT capabilities are expanding at a rapid pace in terms of both scope and sophistication. As a result annual investments in new solutions and infrastructure plus the expenses of “keeping the lights on” are growing at an even higher pace. However, despite the huge amounts of money put into the IT system, internal and external clients are not satisfied with the outcomes. IT systems were initially meant to help organizations in face of the increasing competition by speeding up transactions. It is ironical that today the solution became the problem as IT systems turn out to be the main constraint for organizations.The presentation addresses erroneous paradigms and presents the “Frugal IT Management Manifesto” empowered by effective tools to resolve the problem. Video length: 1:20:00. PDF: 33 slides.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
IT, once seen as a solution to global competition, has become a problem due to excessive spending and complex paradigms.
Frugal IT Management proposes a more modest and economical approach to IT, focusing on value creation, reducing spending, avoiding overdoing, and implementing simple solutions.
The Satisficer approach, which focuses on 'good enough' solutions rather than perfect ones, is recommended.
Instructor(s)
Boaz Ronen
Boaz Ronen is a Professor Emeritus of Technology Management and Value Creation at Tel Aviv University, The Coller School of Management. He holds a B.Sc. in Electronics Engineering, an M.Sc. and Ph.D in Business Administration. Prior to his academic career, he worked for over 10 years in the Israeli Hi-Tech industry. He has consulted to numerous corporations, healthcare organizations and government agencies worldwide. He was a visiting professor at the schools of business of leading universities worldwide. Prof. Ronen has published over 100 papers in leading academic and professional journals, and co-authored four books on Value Creation, TOC, Focused Management, Health Care management, Costing and Pricing and Decision Making. In 2012 his work "Justice in Time: Applying TOC to Law Courts Systems" (with Shimeon Pass and Shany Azaria) won the Dr. Eliyau M. Goldratt Foundation prize. In 2016 he was awarded by TOCICO for his life time achievement in recognition of significant contribution to the TOCICO community to advance the TOC body of knowledge. . He holds B.Sc. and M.Sc. in Chemistry from the Technion, Haifa, and from the Weizmann Institute, Israel, and an MBA from Tel Aviv University, the Coller School of Management. Working in the past for IBM in the ERP group, Mr. Pass has also specialized in the implementation of advanced managerial methods to enterprise information systems. Mr. Pass specializes in applying Focused Management and TOC in R&D organizations and project management. His papers on value creation and performance improvement appeared in leading practitioners and academic journals. Oxford University Press published his book on healthcare management. His book, "Focused Management: Doing More with Existing Resources" was published by John Wiley & Sons. In 2012 his work "Justice In Time: Applying TOC to Law Courts Systems" (with Boaz Ronen and Shany Azaria) won the Dr. Eliyau M. Goldratt Foundation prize.