Breaking an old business model is always going to require leaders to follow their instincts. There will always be persuasive reasons not to take a risk. But if you only do what worked in the past, you’ll wake up one day and find that you’ve been passed by. Continue reading
Destiny is no matter of chance. It is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved.” – William Jennings Bryan
The Oxford English dictionary defines “reliability” as “the quality of being able to be trusted to do what somebody wants or needs.”
The textbook definition for “reliability” is “the probability that an item will perform its intended function for a designated period of time without failure under specified operating and environmental conditions.” Continue reading
I am pretty close to completing my first book – Agile Enterprise Risk Management, Risk-Based Thinking, Multi-Disciplinary Management and Digital Transformation. It is now at the publishers, awaiting finalization. I have established a site for the book and this is the home page text that describes what AERM is all about.
The State of Things
The world is changing faster and faster. Volatility, Uncertainty, Complexity and Ambiguity (VUCA) is and will be the new normal for the foreseeable future. Continue reading
Even as I write this article, jobs in industries ranging from entertainment and media to manufacturing and medicine are being transformed by artificial intelligence (AI) and its many iterations. Many people don’t even know they are already in a competition with AI and that several facets of their job are already being accomplished by a digital application or intelligent machine. Workers will not be able to outpace these machines simply by working longer hours or moving faster on the assembly line. Continue reading
Fred Schenkelberg is a reliability engineer who has worked in the field for over twenty years. He is a West Point graduate. He majored in Physics. He holds a Masters in Statistics from Stanford University. He began his career in reliability engineering at Raychem Corporation. He moved to Hewlett Packard (HP). At HP he helped create the Corporate Reliability Program. In 2004 he founded FMS Reliability. FMS Reliability is a management and reliability engineering consulting firm. He is the founder of the reliability engineering professional development site Accendo Reliability. Continue reading