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Showing posts from July, 2023

Will Generative AI replace Human Judgement?

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 Since Chat GPT hit the internet last November, interest in generative artificial intelligence has exploded.  Even an old guy like me has experimented with Chat GPT, trying to use it for several parts of the business processes that I work with in business research & human resources analysis.  My results make me realize that parts of processes that used to take hours can be trimmed down to seconds.  And, I will admit that I might not be the most creative thinker so maybe my own tests are just scratching the surface of the potential. In addition to my own experimentation, I talk with those having more expertise in digital technology in industry and also in university settings - computer science / cyber security students at Purdue , management consultants in IT, and I appreciate the reporting & analysis on AI from The Economist . I'm very eager to use AI to make my work and life easier.  I've seen just some of the tremendous potential.  And while I do understand some of t

CS for Owners: Controller / CFO - $20 million distribution company

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Entrepreneurs sometimes have a challenge “replacing themselves” or delegating key responsibilities to a member of their executive team.   Career Solutions for Owners is our management consulting service to help a founder / owner / CEO  develop a role & job description to fill  a key position in their company.    We call this a “career solution” for an owner because we see every entrepreneur’s ultimate goal being to build a company that they can walk away from and the business still profitably functions as if they were there.   Situation Summary The Founder/Owner of a $20 million revenue game designer and distributor needed to hire its first Controller.    The business had double digit growth for over five years and was growing beyond the Accountant’s capabilities.    The Founder/Owner had already made the decision to remove himself from the day-to-day operational leadership of the company by hiring an experienced President/COO.    Since the new President/COO had run a similar size

CS for Owners: Production Manager - $5mm fabrication job shop

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Owners and Entrepreneurs sometimes have a challenge “replacing themselves” or delegating key responsibilities to a member of their executive team.     “Career Solutions for Owners” is our management consulting service to help a founder / owner / CEO  develop a role & job description to fill  a key position in their company.    We call this a “career solution” for an owner because we see every entrepreneur’s ultimate goal being to build a company that they can walk away from and the business still profitably functions as if they were there.  And that happened in this situation for the owner. Situation Summary The Owner / Founder of a metal fabricating and CNC machining solutions contract manufacturer in Brownsburg needed to upgrade the production management talent in his $5mm revenue plant.    Because of the quick turn times for this contract manufacturer, he needed a Production Manager who could manage the production workflow in a fabrication environment with very short run projec

CS for Owners: GM/Engineering Manager - $10mm boat seating manufacturer

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Entrepreneurs sometimes have a challenge “replacing themselves” or delegating key responsibilities to a member of their executive team.   Career Solutions for Owners is our management consulting service to help a founder / owner / CEO  develop a role & job description to fill  a key position in their company.  We call this a “career solution” for an owner because we see every entrepreneur’s ultimate goal being to build a company that they can walk away from and the business still profitably functions as if they were there. One Owner / Founder / CEO that Career Solutions worked with had already created a senior leadership role reporting to him, but needed to replace a long time employee (and friend) who moved into retirement. Key Position: GM/Engineering Manager - $10mm boat seating manufacturer Situation Summary: The Owner/Founder/President of a boat seating manufacturing business with sixty employees needed to hire an experienced General Manager / Engineering Manager to replace a