Reengineering left a bad taste in many managers’ mouths, and Business Process Virtualization looks very similar on the surface. However, as Martha Young and Michael Jude explain, BPV can deliver the benefits that reengineering promised, but never delivere. They also illustrate the differences and similarities of BPV to two earlier approaches: process reengineering and outsourcing.
This just seems to be the latest consultant-speak (complete with accompanying TLA). Throw in a couple of Gartner-type “forecasts” predicting that this market will be worth $6bn by 2008 and you have the usual sales pitch for consultancy services.
Any clued-up business would avoid this snake-oil.
So many words, so little content.
Really, pay attention to your long-term business model and don’t just worry about the financial forecasts for the quarter – you have to spend money to make money. Take example by the Ferengi 🙂
It starts well with a nice critic the waste on management consultancy and then colapses in proposing just the same kind of conceptual failure.
When I am a top exec, I’ll outsource my decision making to them ! I only care about a well crafted “reward for failure contract” anyway.
come under so many different names.
So many buzzwords, so little time…
The column referenced was a brief synopsis of one of the major points of a book Martha and I wrote. The point of the book is to show executives that outsourcing is not always the way to go when considering the best way to build IT infrastructure. We note that a more formal decision approach is required to ascertain where the cost benefit equation falls. We would strongly suggest that, if you are a technical or IT manager, you read the book since it provides some nifty ways to pitch IT to the executive level. Virtualization is not oursourcing, nor is it reengineering. It is a fundamentally new way of applying IT to drive business. Learn it, love it, live it!!