I am FLOORED by the Bloomberg platform, and thrilled to finally have a terminal to call my own.  There are two particularly impressive areas: (1) the customer service Bloomberg provides to users of its terminal, and (2) the platform itself, in areas like my portable, “Bloomberg Anywhere” card that reads my finger print and logs me in by holding the card up to the screen and scanning.

To learn more, I’ve picked up “Bloomberg by Bloomberg” from the Brooklyn Business Library.  It is full of quotables, but here are two on the theme of agile development that struck me:

Start with a small piece; fulfill one goal at a time, on time. Do it with all things in life. Sit down and learn to read one-syllable words. If you try to read Chaucer in elementary school, you’ll never accomplish anything.

Life, I’ve found, works the following way: Daily, you’re presented with many small and surprising opportunities. Sometimes, you seize one that takes you to the top. Most, though, if valuable at all, take you only a little way. To succeed, you must string together many small incremental advances–rather than count on hitting the lottery jackpot once

What is so fascinating to me is that Bloomberg’s methodology is essentially Scrum — but he was doing it before there was such a thing!  Recall, Bloomberg L.P. was started in 1981, and Scrum only has its roots in the paper by Hirotaka Takeuchi and Ikujiro Nonaka (and their paper, “The New New Product Development Game“). Who’s to say that Toyota was the only innovator in this realm?

In reading Bloomberg’s autobiography, it’s clear that the build, review with users, revise, review with users, revise, repeat, was also crucial to advancement at Bloomberg.

The lesson, though, is clear.  Break it up, start small, and be flexible.

One Response to “To Succeed, Break it up; Bloomberg and Scrum?”  

  1. 1 spanelo

    hey bloomberg fangirl, this is good stuff. although he could picked a better author for the elementary school analogy (wasn’t Chaucer heavily monosyllabic, being Middle English and all?) also, how am i not surprised you’d gravitate towards rugby analogies? :)

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