Berkonomics

FEBRUARY 28, 2011

Demand pull: too much demand for a product or service and not enough supply cause a competition for the product that drives prices higher without increasing the intrinsic value of the product. Cost push: labor or parts costs increase, causing the product or service to be priced higher without adding intrinsic value.

Demand

Both Sides of the Table

JUNE 22, 2015

Although the carriers made a lot of money initially by selling dial-up Internet services, customers never took their software because, well, it sucked. And often these contracts don’t prohibit you from marketing to competitors so you can often start to build your future pipeline while not immediately selling to the competition.

Outsource Development

Both Sides of the Table

NOVEMBER 4, 2010

Let me start with Professor Christensen’s definition: “An innovation that is disruptive allows a whole new population of consumers access to a product or service that was historically only accessible to consumers with a lot of money or a lot of skill.&#. earned handsomely from Google’s success.

Startup

Startup Professionals Musings

SEPTEMBER 5, 2021

Startup executives need to first build a culture and processes with communication and shared goals, rather than internal competition and bureaucracy. Within any given startup environment (market, industry structure, competitors, product/service mix, etc.) From the study referenced, measured gains ranged from three to six times.

Study

Startup Professionals Musings

SEPTEMBER 15, 2021

Startups can use social responsibility as a competitive advantage. That’s a real competitive edge that you can use in your marketing and positioning. More and more customers choose a company based on their perceptions about the good that they do, as well as the price and service.

Startup

Berkonomics

OCTOBER 21, 2021

Salaries or hourly wages must be within reasonable limits set by the industry and matched by the competition, both regionally and for the same job classification. There are many studies that tell us how various industries reward employees for achievement above a base pay, or beyond expectation. Some obvious qualifiers.

Design

Startup Professionals Musings

FEBRUARY 24, 2020

He outlines well the following benefits of outsourcing and freelancing, and I agree: Serving your business well is a competitive priority. With worldwide instant access to skills and alternatives via the Internet, I see a much more competitive and skilled remote workforce than ever before. Startups all need that flexibility.

Outsource

Startup Professionals Musings

SEPTEMBER 4, 2020

At least one study has shown that ninety percent of decisions are made based on emotion, but that people then go back to logic to justify their position. Rather than just listing the innovative new features of your solution, as well as your commitment to quality and service, use feedback from named customers or beta users to make key points.

Startup

Tech Coast Venture Network

MARCH 23, 2010

Define their pain/problem and be clear on how your products/services bring THE solution to their problem. Also, you should be able to describe and identify the benefits of your products/services. “ In addition, study the competition and find out exactly what differentiates you from them. Why you are unique?

Marketing

socalTECH

MARCH 26, 2012

Aigerim Duiseneyeva and Shana Zheng are the co-founders of the firm, and told us more about the service. First, for people who have never used your service, can you talk about how it works? We met at USC, and we had traveled a lot with study abroad programs. Anywhere you go, you have a local friend.

Startup

Startup Professionals Musings

DECEMBER 5, 2020

According to many studies, entrepreneurs tend to be happier , and over 80 percent of self-made millionaires are entrepreneurs. Entrepreneurial thinkers see their business mission as enriching the lives of customers, rather than being a better producer of products and services. Maintain a meaningful competitive advantage.

Entrepreneur

Startup Professionals Musings

DECEMBER 25, 2013

They forget that they probably became entrepreneurs, according to the recent DNA of an Entrepreneur study, for just this flexibility. Other studies show that only about 30% list money as a key benefit of running their own firm. A good entrepreneur feels the incentive to offer a new service/product that no one else has offered before.

Entrepreneur

Startup Professionals Musings

MAY 10, 2013

In that context, I came across an old study of 27 startups featured in Inc’s annual “Anatomies of a Start-up,” done for “The Journal of Business Venturing,” and published by George Gendron in Inc Magazine. As it turned out, 17 of the 27 companies were still in business seven years later, which is at least double that of other studies.

Startup

Startup Professionals Musings

DECEMBER 25, 2012

They forget that they probably became entrepreneurs, according to a recent DNA of an Entrepreneur study, for just this flexibility. Other studies show that only about 30% list money as a key benefit of running their own firm. A good entrepreneur feels the incentive to offer a new service/product that no one else has offered before.

Entrepreneur

Startup Professionals Musings

NOVEMBER 21, 2021

Kaplan is a leading expert in building innovation cultures, and speaks from his real-world experience with many companies, as well as academic study. Design your invisible competitive advantage. Remember that every specific competitive advantage is temporary – every product or service becomes a commodity over time.

Develop

Startup Professionals Musings

MAY 11, 2012

Startup executives need to first build a culture and processes with communication and shared goals, rather than internal competition and bureaucracy. Within any given startup environment (market, industry structure, competitors, product/service mix, etc.) From the study referenced, measured gains ranged from three to six times.

Tips

Startup Professionals Musings

APRIL 16, 2012

In that context, I recently came across an old study of 27 startups featured in Inc’s annual “Anatomies of a Start-up,” done for “The Journal of Business Venturing,” and published by George Gendron in Inc Magazine. Offer customized products or services. Seek out established suppliers and channels.

Startup

Startup Professionals Musings

JUNE 12, 2013

Startup executives need to first build a culture and processes with communication and shared goals, rather than internal competition and bureaucracy. Within any given startup environment (market, industry structure, competitors, product/service mix, etc.) From the study referenced, measured gains ranged from three to six times.

Study

Startup Professionals Musings

JULY 26, 2021

Always strive to increase your lead, and while competitors scramble to catch you, unleash your next breakthrough product, service, or promotion. Maintain an intimate knowledge of the competition. Study their moves and engage your team for an analysis of updates.

Startup

Berkonomics

APRIL 30, 2015

Salaries or hourly wages must be within reasonable limits set by the industry and matched by the competition, both regionally and for the same job classification. There are many studies that can tell us how various industries reward employees for achievement above a base pay, or beyond expectation.

Design

Startup Professionals Musings

SEPTEMBER 28, 2010

In that context, I recently came across an old study of 27 startups featured in Inc’s annual “Anatomies of a Start-up,” done for “The Journal of Business Venturing,” and published by George Gendron in Inc Magazine. Offer customized products or services. Seek out established suppliers and channels.

Startup

Startup Professionals Musings

AUGUST 25, 2021

Entrepreneurs must enjoy the hard work of solving problems, and quickly get past the idea stage, with focus on a specific product or service, including timeframes and financials. Marketing is necessary via social media, traditional media, and personal visibility, to attract customers, loyalty, and a competitive brand image.

Entrepreneur

Startup Professionals Musings

JUNE 23, 2021

Studies show that peer recognition programs are often more effective than bonuses or cash rewards. Encourage employee innovation in service, just like you must always be looking for ways to improve your product offerings. Incent and reward employees who delight customers. Don’t let your customer interactions go stale.

Customer

InfoChachkie

JULY 14, 2011

This is especially true for companies with expensive and complex products or services that are more consultative in nature, like insurance, financial services, home services, education and travel, etc. Who do you view as your biggest competition? Why aren’t there a half-dozen well-funded startups running up your tailpipe?

Marketing

socalTECH

JANUARY 7, 2010

ISPs are looking to differentiate themselves with value added services, beyond just telecom and entertainment services, and you are starting to see themselves looking at a platform and what they can add. Google has its own home energy monitoring project, PowerMeter - is this competitive or different?

Startup

Startup Professionals Musings

MAY 14, 2014

They forget that they became entrepreneurs, according to the “ DNA of an Entrepreneur ” study a while back, for just this flexibility. Other studies show that only about 30% list money as a key benefit of running their own firm. A good entrepreneur feels the incentive to offer a new service/product that no one else has offered before.

Startup

Xconomy

OCTOBER 5, 2016

However, there is still room for competition. They understand why customers are buying certain goods and services. The value for consumers stems from having different vendors selling products on one branded platform with good customer service. – Do you create service-enabled interfaces that others can use?

Organization

Startup Professionals Musings

OCTOBER 1, 2022

I’m happy to add my own insights here for your consideration to her suggested eight essential lessons, with supporting case studies, for evolving any innovative idea into a business reality: Every innovation must solve a customer problem. She speaks from decades of experience with innovation at big companies, as well as startups.

Ideas

Startup Professionals Musings

FEBRUARY 11, 2019

Kaplan is a leading expert in building innovation cultures, and speaks from his real-world experience with many companies, as well as academic study. Design your invisible competitive advantage. Remember that every specific competitive advantage is temporary – every product or service becomes a commodity over time.

Startup

Startup Professionals Musings

FEBRUARY 12, 2022

The solution is to establish and maintain a culture and processes that don’t view change as a discrete event to be spotted and managed, but as an ongoing opportunity to improve competitiveness. The ultimate skills, which lead to innovation and totally new processes, usually come from experimentation and special studies.

Startup

Startup Professionals Musings

JUNE 26, 2020

A business plan is the outward facing definition of the business you hope to drive with your hardware solution, with a hardware overview in the intro to highlight customer value and competitiveness. Call out your top competitors, highlighting your sustainable competitive advantage, including patents, trade secrets. and trademarks.

Product

Startup Professionals Musings

MARCH 4, 2012

Jim Stengel, in his latest book “ Grow: How Ideals Power Growth and Profit ” chronicles a ten-year study of the world’s fifty best businesses, including Apple, and concludes that those who centered their businesses on a culture of improving people’s lives had a growth rate triple that of competitors in their categories.

Training

Startup Professionals Musings

DECEMBER 5, 2013

Startups can use social responsibility as a competitive advantage. That’s a real competitive edge that you can use in your marketing and positioning. More and more customers choose a company based on their perceptions about the good that they do, as well as the price and service.

Startup

Startup Professionals Musings

NOVEMBER 26, 2014

These industry veterans have been teaching smaller companies how to compete with digital marketing for many years, and have a wealth of case studies to show it really works. How does this solution provide a competitive advantage? Ryan and Rob “Spider” Graham. The first step is to create the perfect online marketing message.

Marketing

Startup Professionals Musings

OCTOBER 24, 2012

Startups can use social responsibility as a competitive advantage. That’s a real competitive edge that you can use in your marketing and positioning. More and more customers choose a company based on their perceptions about the good that they do, as well as the price and service.

Startup

Startup Professionals Musings

APRIL 8, 2013

Jim Stengel, in “ Grow: How Ideals Power Growth and Profit ” chronicles a ten-year study of the world’s fifty best businesses, including Apple, and concludes that those who centered their businesses on a culture of improving people’s lives had a growth rate triple that of competitors in their categories. Get your team right and do it quickly.

Startup

Startup Professionals Musings

JANUARY 11, 2014

The solution is to establish and maintain a culture and processes that don’t view change as a discrete event to be spotted and managed, but as an ongoing opportunity to improve competitiveness. The ultimate skills, which lead to innovation and totally new processes, usually come from experimentation and special studies.

Entrepreneur