The 18 Best Industries for New Businesses
The economy may still be recovering, but some industries are experiencing plenty of growth and low competition. Inc released a list of what they consider to be the best industries for new businesses. Although it is unclear exactly what criteria was used to narrow down their selection, the options are actionable. Many times, a list of industries is simply that: a handful of top-level categories. Inc's list provides granular detail that executives and entrepreneurs want to see, like naming "software as a service" and "education technology" versus "internet technologies" or even "technology." "Green construction" can also be found on the ...
How Wall Street Reinvented the Investment Bank
With President Obama's speech to mark the one-year anniversary of the fall of Lehman Brothers, we had the opportunity to evaluate the progress over the last twelve months. Many of us are wondering what has changed, and if the changes to Wall Street have been substantial enough to stabilize a market. Knowledge@Wharton spoke with Jeremy Siegel and Richard Herring, finance professors at the Wharton school, to analyze the situation. Surprisingly, their point of views are not similar. When asked how Wall Street has changed, Siegel responded with: We saw the whole concept of the investment bank totally changed. It killed itself as a ...
3 Ways Luxury Manufacturers Drive Sales During a Recession
Dollar stores, discount big box retailers and fast food chains saw the silver lining that comes with every recession, but they were not alone. Companies that manufacture luxury products refused to accept a decrease in sales with a drop in consumer spending power. Below are three examples of how luxury companies weathered the storm: 1. "Used" is such an ugly word; BMW focuses on pre-owned BMW, among the best examples of a luxury automotive manufacturer, saw a decrease in sales caused by the recession. Instead of strictly pushing new sales, they reinvented the idea behind owning a used car. According to Bloomberg, "U.S. ...
Starbucks’ Instant Brew for Instant Change
It's been a little more than a year since Howard Schultz returned to the iconic Starbucks Coffee Company as CEO. The stock, which has tumbled from 19 at the beginning of 2008 to 10, hasn't performed quite as well as analysts expected and shareholders hoped. Now, Schultz introduces Via, its inaugural venture into the instant coffee category, to a less than enthusiastic public. Starbucks fanatic blog "Starbucks Gossip" gave sneering remarks: "Okay, company over. Everyone go home" If there's one thing Schultz loves, besides growing an empire of coffeehouses, it's a well brewed cup of coffee. Starbucks has been known for its luxury ...
Top 30 Innovations Over the Past 30 Years
The word "change" may never be the same. For some, it's change from the previous political administration. For others, it's global change and a new approach to each problem we encounter as a world. But looking back over the last few decades, what would be the most significant innovations that changed how we live? PBS' Nightly Business Report celebrated its 30th year on the air with a special on the top 30 innovations in the past 30 years. NBR solicited nominations from the public, and a panel of professors from Wharton sorted and awarded the top innovations. From medication and technology marvels ...
Strategy
The 18 Best Industries for New Businesses
The economy may still be recovering, but some industries are experiencing plenty of growth and low competition. Inc released a list of what they consider to be the best industries for new businesses. Although it is unclear exactly what criteria was used to narrow down their selection, the options are actionable. Many times, a list of industries is... [Read this article]
3 Ways Luxury Manufacturers Drive Sales During a Recession
Dollar stores, discount big box retailers and fast food chains saw the silver lining that comes with every recession, but they were not alone. Companies that manufacture luxury products refused to accept a decrease in sales with a drop in consumer spending power. Below are three examples of how luxury companies weathered the storm: 1. ”Used”... [Read this article]
Starbucks’ Instant Brew for Instant Change
It’s been a little more than a year since Howard Schultz returned to the iconic Starbucks Coffee Company as CEO. The stock, which has tumbled from 19 at the beginning of 2008 to 10, hasn’t performed quite as well as analysts expected and shareholders hoped. Now, Schultz introduces Via, its inaugural venture into the instant coffee category,... [Read this article]
Read More Articles From StrategyManagement
The 18 Best Industries for New Businesses
The economy may still be recovering, but some industries are experiencing plenty of growth and low competition. Inc released a list of what they consider to be the best industries for new businesses. Although it is unclear exactly what criteria was used to narrow down their selection, the options are actionable. Many times, a list of industries is... [Read this article]
Top 30 Innovations Over the Past 30 Years
The word “change” may never be the same. For some, it’s change from the previous political administration. For others, it’s global change and a new approach to each problem we encounter as a world. But looking back over the last few decades, what would be the most significant innovations that changed how we live? PBS’... [Read this article]
A Change in the Rapacious Executive
With unemployment on the rise and stressed out executives unsure where they may find their next deal, the business world has succumbed to an epidemic of an unusual kind: politeness. In an article from The Economist, one journalist writes: Rudeness is out, and civility is the new rule in an uncertain world. The former kings of abrasive behaviour—Masters... [Read this article]
Read More Articles From ManagementMarketing
3 Ways Luxury Manufacturers Drive Sales During a Recession
Dollar stores, discount big box retailers and fast food chains saw the silver lining that comes with every recession, but they were not alone. Companies that manufacture luxury products refused to accept a decrease in sales with a drop in consumer spending power. Below are three examples of how luxury companies weathered the storm: 1. ”Used”... [Read this article]
Starbucks’ Instant Brew for Instant Change
It’s been a little more than a year since Howard Schultz returned to the iconic Starbucks Coffee Company as CEO. The stock, which has tumbled from 19 at the beginning of 2008 to 10, hasn’t performed quite as well as analysts expected and shareholders hoped. Now, Schultz introduces Via, its inaugural venture into the instant coffee category,... [Read this article]
Poaching Innovators From Your Customer Base
Media and tech companies may not need to look much further than their own customers for adding value to their product lines. According to a recent article in the Financial Times, companies like the BBC and Last.fm, an online music service owned by CBS, have held events to gather independent developers for a day of invention and creation. People are... [Read this article]
Read More Articles From MarketingHow To
3 Ways Luxury Manufacturers Drive Sales During a Recession
Dollar stores, discount big box retailers and fast food chains saw the silver lining that comes with every recession, but they were not alone. Companies that manufacture luxury products refused to accept a decrease in sales with a drop in consumer spending power. Below are three examples of how luxury companies weathered the storm: 1. ”Used”... [Read this article]
The One Question Google Asks All of its Products
Take a look at some of the web services Google has grown, bought or cultivated in its web arsenal. We have their basic search, the AdWords network, YouTube, Maps and Streetview, Gmail, Documents and Calendar, just to name a few. We also see some of those little products that don’t quite appear on the main page but they still support, like... [Read this article]
How To: Write a Pitch Letter
Bnet posted an article on how to persuade coworkers by drafting the perfect pitch letter. In addition to focusing on what to say, consider how to express your idea. A few suggestions from the article: The introduction should establish a problem or void that your suggestion will solve Make the purpose clear and concise Avoid stating personal or political... [Read this article]
Read More Articles From How ToInvesting
How Wall Street Reinvented the Investment Bank
With President Obama’s speech to mark the one-year anniversary of the fall of Lehman Brothers, we had the opportunity to evaluate the progress over the last twelve months. Many of us are wondering what has changed, and if the changes to Wall Street have been substantial enough to stabilize a market. Knowledge@Wharton spoke with Jeremy Siegel... [Read this article]
Finding the Next Bubble
Following dot com failures, oil and corn, investors are asking themselves where they can jump on the next bubble. Matthew Lynn writes for Bloomberg: One thing we know for sure about today’s global economy is that there is always an investment bubble somewhere. If you get in early enough, you can make a fortune riding the boom. Investors are... [Read this article]
Read More Articles From InvestingLeadership
The 18 Best Industries for New Businesses
The economy may still be recovering, but some industries are experiencing plenty of growth and low competition. Inc released a list of what they consider to be the best industries for new businesses. Although it is unclear exactly what criteria was used to narrow down their selection, the options are actionable. Many times, a list of industries is... [Read this article]
3 Ways Luxury Manufacturers Drive Sales During a Recession
Dollar stores, discount big box retailers and fast food chains saw the silver lining that comes with every recession, but they were not alone. Companies that manufacture luxury products refused to accept a decrease in sales with a drop in consumer spending power. Below are three examples of how luxury companies weathered the storm: 1. ”Used”... [Read this article]
The One Question Google Asks All of its Products
Take a look at some of the web services Google has grown, bought or cultivated in its web arsenal. We have their basic search, the AdWords network, YouTube, Maps and Streetview, Gmail, Documents and Calendar, just to name a few. We also see some of those little products that don’t quite appear on the main page but they still support, like... [Read this article]
Read More Articles From LeadershipEverything Else
The Great, Online Executive Job Search
CareerBuilder? Monster? Not if you have a decade of industry and managerial experience under your belt. Basic job search sites are great to launch a career, but here’s our list of job resources that cater to modern executives. Think of it as life after CraigsList. Theladders The Hook: Premium professional jobs, most with salaries above $100,000. The... [Read this article]
Game Site Grows Up
Launched in an apartment during the dot com boom, Miniclip has grown into an online empire with more than 43 million unique visitors a month. Their target audience skipped the typical teenager and tween crowd to gather adults and working professionals with a few minutes of free time during their day. Miniclip had a novel business plan for the time:... [Read this article]
Implementing a Successful Corporate Turnaround
Greg Brenneman spent a good portion of his career serving floundering corporations, including Continental Airlines, Burger King and Quiznos. So how does Brenneman save a dying company? In an article from The Economist, he gives two not-so-simple steps: Stop the activities that drain your bottom line and then formulate a clear strategy, and stick... [Read this article]
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