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Virgin: Be the First

Richard Branson is a high school dropout. He’s been to jail. He has a beard and wears his shirt with four buttons undone. He’s not your typical multibillionaire-businessman, but just 39 years ago, Branson founded the first of his 200+ companies: Virgin Music.

This entrepreneur is anything but predictable; a known rebel, Branson is no rookie at the game of risk, one of the major characteristics of entrepreneurialism. Since its inception in 1970, Virgin has taken on the unexpected industries of air travel, cellular phones, and even aerospace – and succeeded in all of them. In the air, Virgin invented the seat-back personal televisions; down on earth, Virgin Mobile made a lifestyle out of mobile phones.

Richard Branson didn’t invent the airplane, nor did he conceive the idea of wireless telephones. Rather, his company took ideas that had been around for a while and made them innovative and cool. Virgin was set up to be a hothouse of innovation – a pioneer in any and all industries. Instead of coming up with new products, Virgin shakes up the market and boldly emblazons itself with a competitive edge, embodying the spirit of its entrepreneurial founder. As far as business goes, Virgin’s very namesake suggests: If everybody’s doing it, do something else.

Richard Branson and Kate Moss celebrate Virgin's 25th birthday
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It’s a new month.

Today in Comm 101, Dean Dan spoke to us about the financial crisis of 2008.

He spoke about how he witnessed firsthand the members of the World Economic Forum panicking out of their mind, about the extreme nervousness of IIROC as they came infinitesimally close to an economic Chernobyl, and about the international community ultimately learning to look out for each other rather than just for their own people.

But the thing I reflected upon most from his speech wasn’t what he said about the sheer terror of the situation at hand, nor about its reverberations upon our lives even now, nor the inspirational miracle that the entire world pulled itself out of a disaster of devastating proportions.

It was what he wore.

Before you go off thinking that this is another menial post from me about fashion, rest assured that I am not going to talk about his charcoal herringbone Brooks Brothers suit or his painted brass buttons… but I am going to talk about his lapel. To be clear, it wasn’t the silk-polyester blend lapel itself that caught my eye, but rather, what was on it. In a room of easily over 100 people, Dean Dan was the only one who was wearing a poppy.

He was the only one of us who visually demonstrated the significance of men and women who fought for our country in the World Wars.

He was the only one who remembered.

Dean Dan is a great man. Not only is he a member of the World Economic Forum and of IIROC, he is a leader in entrepreneurship and business strategy. He has contributed to the Financial Time’s Mastering Entrepreneurship and Mastering Innovation series and numerously to the Globe and Mail, served on our city’s Board of Trade, and received the National Order of Merit from the French government in 2007. He was a visiting professor at the Harvard Business School and has worked for NASA (Yes, that NASA). He has been the Dean of the Sauder School of Business for eleven years.

He has salt and pepper hair. He has grey blue eyes. He has a voice that both demands your attention and thanks you for it at the same time. Standing only about 5’7, he is still the most dynamic presence in any room. He has crow’s feet. He has smile lines. He is 69 years old this year.

He’s a pretty impressive guy.

And in a roomful of students you would describe as “bright,” “up-and-coming” and “visionary,” students many have called the leaders of tomorrow, he was the only one wearing a poppy. This man, who so many herald as one of the most important figures in business innovation, a leader by all definitions, remembered what us leaders of the future often forget: to acknowledge the past.

Perhaps Dean Dan is just a product of his generation. Perhaps he is just a typical specimen of a generation that pertained to a higher social pedigree, one that was taught to respect their elders and not to put their elbows on the dinner table. Maybe he just cares more. After all, it was his parents, family, friends and acquaintances who actually went to war. For them, war was real! Too real to ignore. For them, it was impossible to just forget that your country was at war, that people were sent overseas one day and never came back.

For us, it’s all too easy. It’s easy to forget to wear a poppy. It’s easy not even to realize that Remembrance Day is nearing. It’s easy for us not to understand how great a price was paid for us and for every generation of Canadians since our veterans – Canadians they had never even met. It’s all too easy for us to think it’s a “holiday,” that we’re all given a day off school or work “just because.” And it’s way too easy for us to realize that we aren’t at war. It’s easy for us to forget that once, we were.

One of the things for which we are most fortunate to have in our lives is peace. However, our peace is relative. This peace is something most of us were born into, but also something that many of our predecessors died for. This peace gave us the lives we have now, but completely changed the lives of our soldiers and their families. It is a peace that should be free to all people, but one whose price was dearly paid for. I don’t think any of us have to be taught what this peace means to us, to our country, or for the world. I think we just need to remember.

Whether we remember in our cars in the midst of rush hour, in the middle of Calculus, or in a national moment of silence, it’s important that we do. It’s even more important to remind others who may have forgotten. In a world that is always wired in, forever connected either through Facebook, Twitter, texting, calling, other social networks, and even (gasp!) face-to-face interaction, it is easier than ever to communicate. So why don’t we do it? Not only to ask our relatives or friends abroad how they’re doing, or to follow our favourite band’s Twitter feed and tell them how much we enjoyed their latest concert, but to communicate things that are even more meaningful than that. We can even do something that requires no words, no intentional conversation. As long as you are somewhere that other people are, the moment they see you, they will remember.

Poppies are for sale everywhere. You can get them on campus; try Henry Angus. If you really can’t find any, try your old high school. So often littered throughout our streets by November 12, they used to grace the graves of the noblest of men and women, the most Canadian of Canadians. You can buy them by donation. You can pay a penny, a quarter, and as too few of us do when we’re feeling generous, a whole loonie. Or you can give what you think a poppy is worth. I don’t mean the production cost of a red plastic velvet cut-out, a black dot and a bent pin, but how much you value a poppy. If it represents the lives of your forefathers, the independence of your country, or the freedom that you experience every waking minute of your life, please dig deep.

I’ve been having a rough week. Dean Dan’s poppy – whatever it means to him – reminded me that I don’t know what a rough week is. I have an education. I have a home. I have food and clothing. I have a family. I have friends whom I have burdened enough this week. And I have a country.

I also have the choice to dwell on the sad things in life, or to remember that I actually have one. I have just made my choice.

See you on the bright side.

Taken from my Facebook.

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Now That’s Svelte

We’ve been on the look out for a zero-impact car that drives well and looks good.

Well, it’s here.

The Tesla Roadster 2.5 debuted in 2008, and the electric, emissions-free automobile is now on the roads of over 25 countries. A key turns on its ignition, and rather than revving to life, the Tesla Roadster silently purrs awake, completely inaudible even to pedestrians. Superbly responsive to its driver, the Roadster provides instant torque and deceleration, with a braking system that converts kinetic energy into stored electricity. Most importantly, the Roadster’s electric motor is paired with a battery strong enough to power an average home for several days. Tesla’s Toronto sales manager Hans Ulsrud says, “It’s a lot of juice.”

Unlike hybrid vehicles of the past, this car is 100% carbon-emission free. Rather than filling up at a gas station for upwards of $50, you can charge the Roadster’s battery for a few dollars. Its exterior is sleek and shiny; with its leather seats and carbon-fibre body panels, the Tesla Roadster is dead sexy.

We’ve dreamed of this car for years.

But at a minimum of $116,500, it’s too bad we didn’t dream of a lower price tag to go with it.

Nikola Tesla would be proud.

http://www.theglobeandmail.com/globe-drive/new-cars/reviews/teslas-quiet-confidence/article1747900/

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What’s Haute

H&M is one of those savvy businesses that just knows what people want. Sure, it’s a clothing store, but it markets more than that.

Most clothing brands have a very specific identity. GAP is all about Americanism, Tommy Hilfiger is heritage, and Urban Outfitters is eccentricity. H&M, on the other hand, is a bit of a mish-mash of everything, marketing women’s wear, kid’s wear and mens wear. It’s not the first to offer cute clothes at low prices – Old Navy beat it to the chase in that aspect – but it’s still got a competitive edge. It is the first to successfully merge with designers to offer high fashion at low, low prices.

It’s old news that H&M has had agreements with fashion giants in the past; it’s done collaborations with Jimmy Choo, Stella McCartney, and Viktor and Rolf, to name a few. But this year, it announced a partner that would knock even the most fashionable socks off: Lanvin. An established fashion house, Lanvin epitomizes French artistic flair to a tee. This collaboration creates a highly promising business opportunity for H&M, not only promising revenue by the buckets, but will also elevating H&M’s brand image from high street to high fashion.

I heart H&M too!

http://www.bellinghamherald.com/2010/10/05/1653707/hm-does-luxury-with-lanvin.html

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Entertainment Value

People like music. Whether you pay $0.99 on iTunes for a track, buy a $12 album or shell out $100 for a concert, music has always been a profitable industry. However, times have changed, and music now relies more on live performances than recordings for profits.

From cassettes to CDs to mp3 files, the mediums in which music is bought and sold have changed. Now, with the rise of supernovas like Lady Gaga and the longevity of entertainers like Madonna and the Rolling Stones, live entertainment seems to be the music industry’s breadwinner. Though some may say that the music industry is vanishing, the truth is that it’s as alive as ever. While CD sales may have slumped in the last few years with the development of file sharing, people are paying more to see their favourite acts in person. In the last decade alone, sales for concert tickets have tripled. It cost $25 to see a concert in 1996; last year the average ticket cost $62.57.

With the high entertainment value of today’s peformers, live music looks financially promising. Whether it is CD or concert ticket sales, merchandising, or corporate sponsorships, music will continue to attract the attention – and capital – of the population.

Lady Gaga's Monster Ball tickets cost an average of $100 ... not including parking.

http://www.economist.com/node/17199460

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Apple Gets a New… Competitor?

“I’m a Mac.” “And I’m a PC.” For years, Apple used these to brand itself a superior maker of personal computers. However, this changed in 2007 with the launch of a product that put Apple in a completely new playing field: the iPhone. Since then, Apple has branched out from the computer market, developing the iPhone and eventually launching the iPad, the revolutionary tablet computer that is currently unmatched in the market.

Apple’s main competitor since the inception of the iPhone has been RIM, the maker of the BlackBerry. With the iPad’s popularity, it comes as no surprise that RIM is now playing catch-up in the tablet market. Having bought QNX, a software firm, earlier this year, RIM announced its plans for its own tablet in 2011, the PlayBook.

Already a year behind the iPad, the Playbook will have to impress if it’s to compete with the iPad. Promising efficiency alongside fun, as its name suggests, the PlayBook is powered by QNX and boasts “advanced security features,” making it a worthy competitor to Apple as a business tool. But with the ever-changing nature of technology, RIM will need more than impressive software to dethrone the tablet king.

The BlackBerry PlayBook. Oooo... shiny.

http://www.economist.com/node/17151127

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Ritz-Carlton, Meet Henry!

Dearborn, Michigan. If you’ve never heard of it, it’s okay – you’re Canadian. However, if you have, you probably know it as the unemployment capital of the United States, in which case, it may come as a surprise that it’s also a luxury vacationing hotspot.

I know what you’re thinking – who would vacation in Michigan? How does this town even have a tourism sector? An even better question: how did broker John Jameson sell his Dearborn Ritz-Carlton this June at several million dollars, especially with its $250 rooms going for merely $150/night? Even according to Jameson, “This is not a Ritz-Carlton market.”

Well, the Ritz underwent an extreme(ly expensive) makeover. To shake the anti-luxury stigma associated with AIG’s poorly perceived retreat to the over-the-top St. Regis after its 2008 bailout, the Ritz-Carlton was renamed The Henry. Rates were lowered from previous standards, and The Henry also adopted the Marriott’s reservation system and customer loyalty program to appeal to a larger client base. While maintaining its distinctive character, the Ritz was remarketed as The Henry.

Renovations updated the hotel’s ambiance, but The Henry continues maintaining the glamour of the Ritz-Carlton legacy, albeit lower rates have made the hotel more accessible to the general public. In this, the Ritz embodies the American dream perfectly – when the going gets tough, the tough gets a new name. And a facelift.

The Ritz-Carlton, alias The Henry, is beautiful. It's price tag even moreso now.

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