{"id":33,"date":"2010-11-15T13:07:15","date_gmt":"2010-11-15T21:07:15","guid":{"rendered":"https:\/\/blogs.ubc.ca\/tommychen\/?p=33"},"modified":"2010-12-04T18:57:44","modified_gmt":"2010-12-05T02:57:44","slug":"entrepreneurship-the-key-to-growth","status":"publish","type":"post","link":"https:\/\/blogs.ubc.ca\/tommychen\/2010\/11\/15\/entrepreneurship-the-key-to-growth\/","title":{"rendered":"Entrepreneurship \u2013 the key to growth"},"content":{"rendered":"<p><!-- p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 13.0px 'Times New Roman'} p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; font: 13.0px 'Times New Roman'; color: #666666} p.p3 {margin: 0.0px 0.0px 0.0px 0.0px; font: 13.0px 'Times New Roman'; color: #186b7b} p.p4 {margin: 0.0px 0.0px 17.0px 0.0px; line-height: 17.0px; font: 16.0px 'Times New Roman'; color: #186b7b} span.s1 {text-decoration: underline} span.s2 {font: 16.0px 'Times New Roman'; text-decoration: underline} --><img decoding=\"async\" src=\"http:\/\/unrealitymag.com\/wp-content\/uploads\/2010\/06\/nintendo-e3.jpg\" alt=\"\" \/><\/p>\n<p>If I was to rank the most entrepreneurial company in the world, I would have to say that it is the Japanese entertainment monopoly Nintendo Co. \u00a0From Nintendo 64 to the NDS, from the NDS to the Wii, this endless eruption of new products and innovation in the world market is astounding. \u00a0 Nintendo Co. has grown rapidly and has become Japan\u2019s third most valuable listed company, with a market value of over US$ 85 billion.<\/p>\n<p><a href=\"http:\/\/www.neoseeker.com\/news\/11972-nintendo-ranked-worlds-best-company-for-2009\/\">Nintendo: 2009&#8217;s &#8216;World&#8217;s Best Company&#8217;<\/a><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/ibloggedthis.com\/images\/ds_stats.jpg\" alt=\"\" \/><\/p>\n<p><a href=\"http:\/\/www.neoseeker.com\/news\/11972-nintendo-ranked-worlds-best-company-for-2009\/\"><\/a> Their entrepreneurial spirit is also shown in their mission statement: they wish to expand by \u201cputting smiles on many people\u2019s faces by offering brand new entertainment that anyone can enjoy,\u00a0regardless of age, gender or gaming experience\u201d \u2013 or in other words, they wish that every type of consumer can maximize total utility. \u00a0Thus, this allowed them to have a fast speed of wealth creation. \u00a0In 2009, the company made \u201c$2.66 billion USD in revenue\u201d, and its sales \u201chave risen 36% annually over the past five years, while its value growth averaged 38%.\u201d<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704361504575552052178193756.html?KEYWORDS=Nintendo\">Nintendo Bets Big on Social DS System<\/a><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.foxnews.com\/static\/managed\/img\/Scitech\/Models%20Show%20Off%20Nintendos%20Newest_doomsday_604x341.jpg\" alt=\"\" \/><\/p>\n<p>In 2010, unlike other competitors in this global economic downturn, Nintendo was willing to take a risk in a new market. With its new product the 3DS, Nintendo strives to construct its own worldwide social media and network community. \u00a0Nintendo\u2019s consistent pursue of innovation is their key to success, and it is what other companies should try to emulate in order to be entrepreneurial.<\/p>\n<p>Nintendo 3DS<\/p>\n<span class=\"vvqbox vvqyoutube\" style=\"width:425px;height:344px;\"><span id=\"vvq-33-youtube-1\"><a href=\"http:\/\/www.youtube.com\/watch?v=cgBYtQOp_Ak\"><img decoding=\"async\" src=\"http:\/\/img.youtube.com\/vi\/cgBYtQOp_Ak\/0.jpg\" alt=\"YouTube Preview Image\" \/><\/a><\/span><\/span>\n","protected":false},"excerpt":{"rendered":"<p>If I was to rank the most entrepreneurial company in the world, I would have to say that it is the Japanese entertainment monopoly Nintendo Co. \u00a0From Nintendo 64 to the NDS, from the NDS to the Wii, this endless eruption of new products and innovation in the world market is astounding. \u00a0 Nintendo Co. [&hellip;]<\/p>\n","protected":false},"author":2777,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[7289,3606],"class_list":["post-33","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-entrepreneurship","tag-innovation"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/tommychen\/wp-json\/wp\/v2\/posts\/33","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/tommychen\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/tommychen\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/tommychen\/wp-json\/wp\/v2\/users\/2777"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/tommychen\/wp-json\/wp\/v2\/comments?post=33"}],"version-history":[{"count":3,"href":"https:\/\/blogs.ubc.ca\/tommychen\/wp-json\/wp\/v2\/posts\/33\/revisions"}],"predecessor-version":[{"id":65,"href":"https:\/\/blogs.ubc.ca\/tommychen\/wp-json\/wp\/v2\/posts\/33\/revisions\/65"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/tommychen\/wp-json\/wp\/v2\/media?parent=33"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/tommychen\/wp-json\/wp\/v2\/categories?post=33"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.ubc.ca\/tommychen\/wp-json\/wp\/v2\/tags?post=33"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}