Cameron Frick's Blog

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Entrepreneurship Examples

November 24th, 2011 by cameronfrick
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In class, we were privileged to have the creator of Naked Underwear, Joel Primus come to class. His presentation sparked my curiosity of entrepreneurship, as I began to search for more examples of entrepreneurial companies. Angus wrote a blog that I found really interesting. Who would have thought that the market for Used Cardboard Boxes could be a multi million dollar business idea? Of all the blogs I looked at, Angus found the best example of an entrepreneur, in Marty Metro, who took his dream and turned it into reality, with an idea that will change the way people look at used cardboard boxes forever. 

 

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NBA Lockout Helps Google+

November 23rd, 2011 by cameronfrick
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In his blog, Matt Lundy talks about the effects of the NBA Lockout on the business world. I agree that the lockout has its effects on NBA TV, local sports bars, and even though its a bit of a stretch, I guess the New York City escort service fits in there too. Matt mentions that google+ members will have the chance to win opportunities to chat with NBA players via “hangouts”. This is a good marketing ploy, but I don’t see what the lockout has to do with it. Would players not be able to have five minute conversations with fans if they were still playing? I’m not saying that Google+ won’t be successful. Crazy fans are still going to pay heavy subscription fees to talk with their sports idols but should this only be brought on by a lockout. Ideally, players would still be entertaining on the court and still finding time to talk with fans. I’m pretty sure most questions in these interviews will be related to the lockout. Wouldn’t fans rather talk about the players about their games? Isn’t that what makes them their idols in the first place?

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Product Placement

November 21st, 2011 by cameronfrick
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Gordie Dutka’s blog on Product Placement spiked my own interest on the topic. I discovered that products placement is present in nearly 85% of TV shows and movies. Often, people think that product placement is quite obvious, but I think that if you aren’t looking out for it, you probably won’t see it. Gordie used the example of Junior Mints in Seinfeld. Seinfeld was a show that I grew up watching almost everyday and I remember seeing that episode at least a few times….but I never thought about how much Junior Mints would have payed Seinfeld to feature their product. 

My personal favourite example is Coke in American Idol. A show like American Idol that averages 26 million viewers each episode must receive a massive amount of money from Coke. I used to wonder how they afforded to pay their judges millions of dollars per episode but I think payments from Coke and Ford, whose products are featured in every episode, explain it.

 

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Entrepreneurial Businesses

November 8th, 2011 by cameronfrick
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Facebook launched in 2004 by Mark Zuckerberg and a few of his college peers is a great example of an Entrepreneurial business. Facebook does not just generate a income stream for its creators but consistently becomes more and more valuable. Some reports have valued the company at close to 100 Billion dollars. It also did not take long for Facebook to turn itself into a major player in lists of the world’s most valuable businesses. As seen in the popular movie “The Social Network”, many risks were taken during the planning and growth stages of Facebook. Facebook is also a very innovative as it took the means of social networking to a whole new level.

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Hoard Lasers?

November 6th, 2011 by cameronfrick
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What the heck are hoard lasers? Most people, including myself before today, have absolutely no idea what a hoard laser is or what it does for an Apple computer. AI learned that it’s only “real” function is make a whole in the aluminum cases of Apple products so small that it is invisible to the human eye, yet lets a small light, that often goes unnoticed, pass through. Apple has over 100 of these lasers which cost about $200,000 each. It seems kind of pointless to pay that much for a machine that does a function that often goes unnoticed.  “Most of Apple’s customers have probably never given that green light a second thought, but its creation speaks to a massive competitive advantage for Apple: Operations”, said Tim Cook, the new chief executive officer of Apple. Apple can spend that much on such a “useless” machine because they use it to create such large amounts of products that it becomes almost free per unit.  Apple has built a closed ecosystem where it has control over nearly every piece of the supply chain, all the way from design to retail store. Because of its mass volume, Apple gets big discounts on parts, manufacturing capacity, and air freight. Even Mike Fawkes, former product manager at HP, commends Apple’s operation department saying, “They’ve taken operational excellence to a level never seen before.” 

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Is it really “Hacking”?

November 1st, 2011 by cameronfrick
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Apple has recently come out with the iPhone 4S, which includes Siri, a voice recognition software that allows users to write text messages, schedule appointments, and check the local weather. Within days Redpepper had staged and filmed an ad mocking the new Apple product. http://redpepperland.tumblr.com/post/11730859389/have-siri-pour-you-a-beer.  These “hacking” type videos have been numerous over the past couple of weeks as Bank of America and Remember the Milk, a mobile to-do list, have both launched ads that link Siri to the use of their product. Can this be considered hacking? Many stories have developed about how businesses are taking advantage of Apple’s new product. But isn’t that why Apple created it? I’m pretty sure that Apple knew that companies were going to develop and market new features in connection with their product. Remember we are dealing with Apple here!

http://www.businessweek.com/magazine/hackers-find-quirky-uses-for-siri-10272011.html

 

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Can Apple Continue the Trend?

October 9th, 2011 by cameronfrick
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If you live somewhere where his products are available, you have definitely heard by now of the tragic death of former Apple CEO Steve Jobs this past Wednesday.  Jobs was a world-class salesman, product developer, and visionary. He was part of the creation of the iPod, iPhone, iPad, and Mac Computer lines, as well as countless other Apple related products over the past few decades. Whether or not Apple can continue on its “hot streak” of developing vastly popular products is now in question. Apple will be able to continue their success if they find a replacement or many replacements to the creative leadership that Jobs contributed to the company. Many people predict that the combination of the introduction of the iPhone 4S instead of an iPhone 5 along with the untimely death of an Apple legend will have a drastic influence on the price of the Apple stock. We’ll have to wait and see.

http://www.ibtimes.com/articles/225916/20111005/steve-jobs-dead-apple-stock-price.htm

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Canadian Dollar Plummeting Recently

October 9th, 2011 by cameronfrick
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On September 22nd, the Canadian Dollar took a relative nosedive in comparison to its US counterpart. After falling just over a cent on the 21st, which allowed for a close below parity for the first time since January, the loonie backed that up by descending yet another 2.78 cents the next day. As someone who travels down to the US at least once a week, this sort of drop could affect my families lifestyle quite a bit. Normally, almost all of my families shopping needs, as well as gas and weekly golf tournaments are in the states. Sure a 4 cent drop in two days isn’t going to stop my mom from doing her weekly grocery shop across the line, but another one will surely cause her to question it. I decided to look into the drop a little more in depth, now that I am familiar with a few more of the terms used in the articles on business sites. The main cause for the drop is that rising global economic uncertainty has many investors shifting their interest to the US Dollar. I wasn’t aware before, but apparently the US Dollar is recognized as a safe option when the overall world economy heads south.

http://advisoranalyst.com/glablog/2011/09/22/canadian-dollar-plummets-as-stocks-commodities-sink-worldwide/

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October 5th, 2011 by cameronfrick
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Apple unveiled the iPhone 4S to the United States yesterday morning. Apple’s big announcement came after much debate whether it would be the iPhone 5 or an upgraded version of the 4 next in line for the company. At&T uses a faster technology package called high-speed packet access, that increases download speeds to as much as 14.4 megabits per second. AT&T’s counterparts, Verizon and Sprint use a package called CDMA, for which there’s no comparable speed jump. Consumers seeking to purchase the new iPhone 4S will most likely head to AT&T. What did AT&T do to attract these new customers?…Not much! AT&T did in the past choose HSPA over CDMA but at the time there was no real benefit between the two. It was just a choice to take a risk of going along a different path then Verizon and Sprint. It definitely paid off! Although Apple will most likely thrive with the addition of the new product to its line of many high demand products but at the end of the day AT&T is the real winner.

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New Regulations Crushing Small Business Owners

September 21st, 2011 by cameronfrick
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Wow I’m glad I’m from Canada. Many families, including my own, have some ties to small businesses. New Regulations put in place throughout the last few months are driving many small business in the US down the drain. Some of these new regulations make no sense at all. For one man, who has owned a luxury car shop for years, new bylaws force him to pay up to $25,000 per vehicle in fees and additional parking fees because apparently you can’t park cars for sale on personal property. That seems kinda insane. Another guy who owns a limo company now has to purchase a permit for each county he drives in. These run him around 10,000 each. On top of that, he can’t have any cars that are over 5 years old, no matter what type of condition they are in. To me it seems like the US Government is just trying to make money anywhere possible, giving no thought as to the business owners they are putting out on the streets. In my opinion, the large corporate businesses or the Government itself should be the one taking the hit.

http://money.cnn.com/galleries/2011/smallbusiness/1109/gallery.regulation_nightmares/2.html

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