Month: November 2012

The once original and innovative iPad that Apple featured way back when is not so original anymore. An article in The New York Times called “The Tablet Market Grows Cluttered” focuses on the numerous amounts of tablets that are now cluttering and crowding the tablet market. Comsumers do not only have to choose how much they are willing to pay for one of these devices, they now have to consider which brand they are looking to purchase from. It is difficult to think of an electronic company these days that does not feature some sort of portable tablet device. Is this a good thing or a bad thing for companies?

The fact that there are so many options in the market for consumers increases the buyer power and level of rivalry. Consumers now have that choice to make; they can weight their options out and choose the one that fits best for them whereas when there weren’t so many, buyer power was weak and they did not have as much of a choice when it came to what brand they would buy from. While Apple is losing its footing as biggest tablet seller, it’s only a matter of time before it creeps back up with a new product.

I see the tablet fad fading out in the future due to the increased entries into the market. There will be something new and more innovative that will outplay the tablet in the electronics sector and then POOF, the tablet will have seemed to disappear and then the vicious cycle of a cluttered market will commence again.

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I recently read a blog on ITbusiness.ca regarding young people aspiring to be entrepeneurs and the way the world reacts to this. Being a young adult who aspires to be an entrepeneur myslef one day, I found this blog post very interesting and intriguing.

The author, Leo Valiquette, describes that people in the world today, whether it be counsellors, teachers, parents or the government, are discouraging children who want to grow up to be entrepeneurs. They are warning these children that entrepeneurship is a risky, time-consuming, and stressful area of work.

What Leo Valiquette is saying, and I completely agree with him on this, is that these intelligent aspiring entrepeneurs need role models, mentors and support; they do not need to be criticized and have their dreams crushed by someone who does not have experience in this line of work.

I strongly believe that it is important for young people, who are the future in the business world and are aiming to change systems with their innovative ideas, to start dreaming young and start working towards finding that one perfect idea. This can be very hard to accomplish when the people the young adults are surrounded by are so negative and discouraging.

If the world has plans to keep moving forward and evolving, we need to count on the young adults of today to be the ones to create the positive changes in the future….So back off, stop trying to alter their dreams and let their imaginations run wild.

After hearing the presentation by Janice Cheam about her company, Energy Aware, I became inspired by her story of how she started out as an entrepenuer and came about starting her own business. I have always dreamed of coming up with some ingenius idea and being able to successfully implement this idea into the community. Janice is living proof that it is possible, one only has to wait until the right idea comes to mind.

Energy Aware is a company that boasts an innovative product to help people keep track of how much electricity they are using in their households. This product, called the Power Tab, will help people be more aware of how much they are currently spending on electricity and hopefully encourage them to use less of it.

Janice, in her presentation, stated that the journey has not been easy. She explained that it has been a long and trying experience trying to find investors and ways to come up with money. My concern for Janice and the success of her business is not whether or not the business will have enough money, it is whether or not the product which it is selling can keep up with the competition. With well known companies such as Black and Decker selling similar products, Energy Aware needs to establish a definite point of difference in the market in order to be noticed beside such large and established companies.