by Steve McCann –
Economic despair reigns in America, as stagnation and mounting debt make our future look hopeless. Yet America is uniquely positioned to rebound and recover our economic preeminence. All that is necessary is a political decision to reverse our energy policy and stimulate domestic production of hydrocarbons. From that would flow a true economic stimulus that would mend many of our ills. [Read more…]
Competitiveness
8 Ways to Foster Innovation in Your Company
Creativity fosters innovation, but how can you ignite creative sparks within your organization? Inc.com compiled lessons on developing a vibrant research and development strategy.
To come up with their best new ideas, most companies turn to an inexpensive and efficient source of innovation: their own employees. How can you unleash the creative spirit lurking in your workforce? Here are eight of the best strategies we’ve uncovered in recent months.
1. Let Every Employee Play Designer.
Three years ago, the five-person research and development team at pet-accessory company West Paw Design had a case of collective writer’s block. A production manager named Seth Partain proposed holding a contest for the company’s three-dozen employees. Everyone from salespeople to seamstresses were encouraged to spend an afternoon designing and producing prototypes for new products. Following an end-of-day vote, a winner was crowned at an award ceremony. By making employees feel a part of the idea-creation process, West Paw Design set up a new pipeline of product development. [Read more…]
Volt Fraud At Government Motors
10/19/2010 – IBD Editorial –
Government Motors’ all-electric car isn’t all-electric and doesn’t get near the touted hundreds of miles per gallon. Like “shovel-ready” jobs, maybe there’s no such thing as “plug-ready” cars either.
The Chevy Volt, hailed by the Obama administration as the electric savior of the auto industry and the planet, makes its debut in showrooms next month, but it’s already being rolled out for test drives by journalists. It appears we’re all being taken for a ride.
When President Obama visited a GM plant in Hamtramck near Detroit a few months ago to drive a Chevy Volt 10 feet off an assembly line, we called the car an “electric Edsel.” Now that it’s about to hit the road, nothing revealed has changed our mind. [Read more…]
Eight Ideas for Small Business Success
10/5/2010 – Drew Neisser –
How petite Privé Products succeeded where giant P&G couldn’t.
Before I could even get in my first question, my hands were already covered with a soft liquid that transformed into a foamy shampoo. An excited Jackie Applebaum, the CEO of, exclaimed that “this is an unbelievable shampoo and never before has this been done in a can.” And before my hands were dry, she had me trying a non-aerosol mousse from a tiny 2.5 ounce bottle that Applebaum noted was “also blowing out the door.” This emphasis on unique products was both refreshing and enlightening, setting up this 8-point guide for small business success.
1. Create unique products to take the challenge out of marketing
With sales expected to rise 30% in 2010, obviously Applebaum is not alone in her enthusiasm for Privé’s new products. “The assignment I gave the lab is that I don’t want ‘me too’ products,” offered Applebaum. “We now have cutting edge products with cutting edge delivery systems that the market is responding to,” she added. While many small businesses feel out gunned by their larger competitors R&D departments, Privé decided that having unique products that “marketed themselves” would be the only way they could cost-effectively build their company. [Read more…]
Just Manic Enough: Seeking Perfect Entrepreneurs
9/18/2010 – David Segal –
Imagine you are a venture capitalist. One day a man comes to you and says, “I want to build the game layer on top of the world.”
You don’t know what “the game layer” is, let alone whether it should be built atop the world. But he has a passionate speech about a business plan, conceived when he was a college freshman, that he says will change the planet — making it more entertaining, more engaging, and giving humans a new way to interact with businesses and one another. [Read more…]
Entrepreneurship Helps Make America Great
6/30/2010 – John Stossel –
For all its problems, America is a great place. And one thing that makes America great is its prosperity. Yes, some people have suffered during the recession — but compared to all the other countries in the history of the world, America is rich. Why?
One reason is that America is a good place to do business. [Read more…]
How Zappos Delivers Happiness
6/1/2010 – Gregory Ferenstein –
The funny thing about business books is that for many stories, there are countless counterexamples of management philosophies that are radically different, yet still successful. What is inspiring about Zappos.com, the world’s largest online shoe retailer, is that it is possible for a business to be founded on curiosity, built with friendship, and sustained with employee happiness. CEO Tony Hsieh’s (pronounced “shay”) retelling of the Zappos story in the upcoming Delivering Happiness: A Path to Profits, Passion, and Purpose is a zippy, pleasant read about a business model that doesn’t compartmentalize labor and leisure.
Indeed, it appears that Zappos thrives in the most outrageous displays of its employees’ individuality. During tours of their head office, a potential client might see karaoke, a make-shift bowling alley, a petting zoo, or a napping worker. [Read more…]