You don’t need world-class solutions for every problem

I was killing a little time drifting around my Twitter stream over the past few days. As always with Twitter, I never know when I will find something that catches my eye. Here, what caught my eye were variations on the phrase “building a world-class XXX”. Where XXX might be a sales team, business intelligence solution, mobile application, … basically anything. That’s a noble goal, to build a world-class something.

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ParkerGale’s Reading List

One common trait among our team is that we read a lot. We are curious and we believe in second level thinking – not everything is as it seems. Everything we do as investors and operators has been done before. Our job is to find the best thinking and incorporate it into our strategy, process and execution.   This isn’t everything that we’ve read, but it’s a good start.

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Integration projects are always a mess. Always.

Integration projects aren’t like green-field software development projects. They are ugly, they involve systems and platforms you can’t control and you have to learn to live with finished product that will offend your engineering sensibilities.

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We’re Not Fanboys and that’s a good thing

If you read anything about pop-culture online you have no doubt seen the phrase “fanboy” bandied about.  The Urban Dictionary loosely defines a fanboy as being a “passionate fan of various elements of geek culture“.   I’d argue that their definition is a little generous, as most fanboys that I know go well beyond “passionate”, often veering into the realm of fanaticism.   

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We can’t always keep digging in the same hole.

I recently finished reading Edward de Bono’s Lateral Thinking. I won’t bore you by trying to summarize all of de Bono’s points but it’s an interesting book and I would recommend it to anyone that is looking for new ways to solve problems. I will however, highlight one particular point from this book that I see over and over again.

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The Marriott Courtyard Buffet Problem

’m staying at a Courtyard by Marriott hotel this week, as per my usual. For those of you that believe that all of us Private Equity folks stay at 5-star hotels and live off of caviar and champagne, I’m sorry for bursting your bubble.

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We need pigs not chickens

The PE Funcast is a team of readers. We fly through books. Lots of books. Not just business books and technical books, but novels and short stories, newspapers, even some comic books—-We highly recommend Usagi YoJimbo.

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Contractors are people too

If you are a lower middle market company that is implementing a new customer relationship management system (CRM) or enterprise resource planning (ERP) system, chances are pretty good that you are using some third-party consultants.

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