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Entrepreneurship Examples

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+

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

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

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?

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”?

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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