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Cambridge’s MF Analytics, Ltd, a financial solutions provider for Microfinance and SME institutions, is acquired by TriLinc Global, LLC November 27, 2009

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Cambridge, Massachusetts -based MF Analytics, Ltd, a financial solutions provider for Microfinance and SME institutions, is acquired by TriLinc Global, LLC of Los Angeles, California. TriLinc Global is a social impact investment company. The financial terms of the transaction were not disclosed.

Waltham based Leostream, virtual desktop software maker, raises an additional $2 Million in equity financing November 27, 2009

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Leostream, a Waltham, MA-based provider of application-management software for virtual desktop infrastructures, has raised $2 million in an equity financing, according to an SEC filing. VentureWire reports that Meakem-Becker Venture Capital, of Sedwickley, PA, provided Leostream with the $2 million capital infusion, which the company hopes will be enough to support its operations until it becomes profitable. Leostream raised $3 million in its Series A round of venture capital in 2008, also led by Meakem Becker Venture Capital.

MIT Venture Capital Conference: December 4th, 8am-6pm Copley Place Hotel, Boston November 27, 2009

Posted by HubTechInsider in Conferences, events, Venture Capital.
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The MIT Venture Capital & Private Equity Club presents the 12th annual MIT Venture Capital Conference. From the conference website: “Against the background of a quickly changing economic environment, the 2009 conference will illuminate the critical trends and opportunities available in this ‘Brave New World.’ How have dramatic shifts in the political and financial worlds changed the venture capital and entrepreneurial landscape? If this is the time to start or fund a venture, where are the best opportunities in healthcare, energy, digital media, internet and mobile? How are venture capital funds adapting given the challenges in exit markets and LP relationships? Can the VC model work in emerging and social markets?” Keynote speakers include Twitter co-founder Biz Stone and Greycroft managing director Alan Patricof. Full agenda and registration information here.

Gilbane Group Conference at Westin Copley Hotel in Boston, December 1st – 3rd November 27, 2009

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Gilbane Group, the Cambridge, MA-based analyst and consulting firm focused on enterprise content management challenges, will hold its sixth annual conference in Boston, December 1-3. The conference will cover everything from Microsoft Sharepoint to XBRL, and from mobile search to Google Wave.

Complete conference program and registration info is at www.gilbaneboston.com. It is possible to save $200 on the conference registration fee by using the discount code: Xconomy.

What is Theory X? How is it used as a management style? November 27, 2009

Posted by HubTechInsider in Agile Software Development, Definitions, Management, Project Management, Staffing & Recruiting.
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I needed to write a few short pieces on some of the different management styles I have encountered in my corporate and professional travels. I want to define each of these management styles so that I can compare and contrast them, as well as serving as reference points for the longer articles on this topic which I am in the process of drafting.

I will begin with some of the “Letter Management Styles”, of which there are several. The purpose of this litany of alphabetic management styles is not to promote one over another; in fact, I don’t recommend adopting any of these naively. But nevertheless, many individual team members and managers will exhibit some behaviors from one of the above styles, and it is helpful to know what makes them tick. Finally, certain individuals may prefer to be managed as a Theory X or Theory Y type (Theory Z, which I will write about at a future date, is less likely in this case), and it is good to be able to recognize the signs. Moreover, some companies might be implicitly based on one style or another.

The first management style about which I will write is one which will be recognizable to every person, regardless of professional or personal background: “Theory X”.

Theory X is perhaps the oldest management style and is very closely related to the hierarchical, command-and-control model used by military organizations (of which I am intimately familiar).

One thing I can personnally attest to in regards to the Theory X management style is that it maintains the military organizations’ faith in the fact of the necessity of this approach, as (in the view of Theory X proponents) most people inherently dislike work and will avoid it if they can. Hence, in the Theory X management style, managers should coerce, control, direct, and threaten their workers in order to get the most out of them.

A statement that I recall from a conversation with a prototypical Theory X manager with whom I worked (in a prototypical Theory X organization) with was “people only do what you audit”.

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You’re reading Boston’s Hub Tech Insider, a blog stuffed with years of articles about Boston technology startups and venture capital-backed companies, software development, Agile project management, managing software teams, designing web-based business applications, running successful software development projects, ecommerce and telecommunications.

About the author.

I’m Paul Seibert, Editor of Boston’s Hub Tech Insider, a Boston focused technology blog. You can connect with me on LinkedIn, follow me on Twitter, even friend me on Facebook if you’re cool. I own and am trying to sell a dual-zoned, residential & commercial Office Building in Natick, MA. I have a background in entrepreneurship, ecommerce, telecommunications and software development, I’m the Director, Technical Projects at eSpendWise, I’m a serial entrepreneur and the co-founder of Tshirtnow.net.

What is Six Sigma? How is it used, and what does it have to do with the CMM? November 27, 2009

Posted by HubTechInsider in Agile Software Development, Definitions, Management, Manufacturing, Products, Project Management, Technology.
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What is Six Sigma? How is it used, and what does it have to do with the CMM?

Developed by Bill Smith at Motorola in 1986, Six Sigma is a management philosophy based on removing process variation. It was heavily influenced by preceding quality improvement methodologies such as Quality Control, TQM, and Zero Defects. Six Sigma is a registered service mark and trademark of Motorola Inc. As of 2006, Motorola had reported over $17 Billion in savings from their own employment of Six Sigma practices throughout their global enterprise. Early corporate adopters of Six Sigma who achieved well-publicized success through the application of six sigma best practices to their enterprises included Honeywell (previously known as AlliedSignal) and General Electric, where Jack Welch famously introduced and advocated the method. By the late 1990s, about two-thirds of the Fortune 500 organizations had begun Six Sigma initiatives with the aim of reducing costs and improving quality.

My own professional experiences with Six Sigma began in the early 1990’s (I had first read about it in a Forbes magazine article in 1988) when I worked in manufacturing environments at Mercedes-Benz USA’s plant in Tuscaloosa (Vance), Alabama as well as Phipher Optical Wire Product’s plant in Tuscaloosa, the same city where the University of Alabama is located. It was in these environments where I was tasked with learning about six sigma and spent many hours in classrooms and factory floor and management workgroups implementing and training for a six sigma blackbelt. Six Sigma Black Belts operate under Master Black Belts to apply Six Sigma methodology to specific projects. They devote 100% of their time to Six Sigma. They primarily focus on Six Sigma project execution, whereas what are known in the Six Sigma universe as Six Sigma Champions and Master Black Belts focus on identifying projects/functions for Six Sigma.

Implementing a Six Sigma program in a manufacturing environment means more than delivering defect-free product after final test or inspection. It also entails concurrently maintaining in-process yields around 99.9999998 percent, defective rates below 0.002 parts per million, and the virtual eradication of rework and scrap. Other Six Sigma characteristics include moving operating processes under statistical control, controlling input process variables as well as the more traditional output product variables, and maximizing equipment uptime and optimizing cycle time. In a six sigma organization, employees are trained and expected to assess their job functions with respect to how they improve the organization. They define their goals and quantify where they are currently, their status quo. Then they work to minimize the gap and achieve “six sigma” (in a statistical sense) by a certain date.

Six Sigma focuses on the control of a process to ensure that outputs are within six standard deviations (six sigma) from the mean of the specified goals. Six Sigma is oftentimes implemented using a system with which I have worked many times: define, measure, improve, analyze, and control (DMIAC). Sometimes this same system is referred to as define, measure, analyze and control, or DMAIC.

Define means to describe the process to be improved, usually through some sort of business process model.

Measure means to identify and capture relevant metrics for each aspect of the process model. I have been in classrooms where this is referred to as “Goal -> Question -> Metric”.

Improve obviously implies changing some aspect of the process so that beneficial changes are seen in the associated metrics, usually by attacking the aspect that will have the highest payback.

Analyze and Control means to use ongoing monitoring of the metrics to continuously revisit the model, observe the metrics, and refine the process as needed.

Although some organizations apparently strive to use Six Sigma as a part of their software quality improvement practices, the issue that often arises is finding an appropriate business process model for the software development effort that does not devolve into a highly artificial simulacrum of the waterfall SDLC (Software Development Life Cycle) process.


Want to know more?

You’re reading Boston’s Hub Tech Insider, a blog stuffed with years of articles about Boston technology startups and venture capital-backed companies, software development, Agile project management, managing software teams, designing web-based business applications, running successful software development projects, ecommerce and telecommunications.

About the author.

I’m Paul Seibert, Editor of Boston’s Hub Tech Insider, a Boston focused technology blog. You can connect with me on LinkedIn, follow me on Twitter, even friend me on Facebook if you’re cool. I own and am trying to sell a dual-zoned, residential & commercial Office Building in Natick, MA. I have a background in entrepreneurship, ecommerce, telecommunications and software development, I’m the Director, Technical Projects at eSpendWise, I’m a serial entrepreneur and the co-founder of Tshirtnow.net.

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