Got a Good Business Idea? Here’s How You’ll Know

4. It solves a problem. The problem should be significant and something that impacts a large group of people. «If there aren’t a lot of people who have the problem or if it is not a problem that people really care about solving, move on,» said Gordon Adomdza, assistant professor, Entrepreneurship and Innovation Group, at Northeastern University. He points to Facebook, which tackled asynchronous connectivity, and Google, which addressed the problem of search. «Since the problems are big, there is room for the company to revise its offering, innovate its business model and still be in business even when customer needs change,» Adomdza said. «Because the problem is big, the company can still survive by pivoting within the space.»


businessnewsdaily.com

CREDIT: Lightbulbs image via Shutterstock

There is no shortage of business ideas, but so few get off the ground. What separates the long-lasting endeavors from those that have a quick expiration date? BusinessNewsDaily spoke to some experts to get a read on the factors that are common in business ideas that take off.

1. It is innovative or offers a twist on an existing product or service. Opening the next pizza joint in a strip mall that already has two pizza parlors is not a formula for success, unless you plan to offer something the others have missed.

«Being new or first is not enough,» said Jose Palomino, founder and CEO of Value Prop Interactive, a consulting firm, and an adjunct professor of marketing at Villanova University. «The iPod wasn’t the first MP3 player, but it defined the category. Being innovative or new doesn’t work if your product doesn’t matter to anyone.»

It doesn’t always pay to be first to market with a product, experts say. «It is not necessarily the person who gets their idea to market first that wins,» said Karen Russo, president of IIPE, an international candidate and name generation firm, and K. Russo Consulting, an executive search and human resources consulting firm. Think BlackBerry being eclipsed by other smartphones that followed. «Sometimes, it is better to sit back and learn from others before jumping in,» she said. Continuar leyendo «Got a Good Business Idea? Here’s How You’ll Know»

The Future of College Recruiting Will be Dominated by Market Research (Part 1 of 2)

The current lull in college recruiting is an opportune time to evaluate new strategies and tools. It is no secret that the vast majority of organizations that recruit from college campuses globally do so tactically, employing little or no strategy. To even the casual observer, the approaches used are predictable, pedestrian, and in some cases laughable, but all of that is about to change.

From the vantage point of someone who has been involved in college recruiting for more than 40 years, either representing a corporation or a university, it is clear that we are approaching a strategic inflection point with regard to the amount of strategy supporting college recruiting.

As that inflection point approaches, there are several dramatic changes that you should anticipate, including:

* The growth of social media (already demonstrating significant impact), opens up hundreds of new communication channels, allowing organizations to present highly targeted messages to highly targeted prospect segments and to cultivate relationships with top talent throughout their academic careers.
* The growth in acceptance of and access to video communication equipment will make it possible for organizations to decrease the use of campus visits and embrace “remote college recruiting.” This societal change comes just as more universities embrace virtual classrooms that allow students to participate in courses without being physically present. Costs will drop, organizations will be able to expand the number of colleges mined for talent, and everyone involved will save time.
* The globalization of work will force organizations to embrace unified global sourcing. While most organizations today continue to recruit geographically, as work becomes more distributed and global universities refine their emphasis and establish stronger industrial ties (Petronas University of Technology for example), organizations will have no choice but to tap the global market to recruit the high volume of graduates with specialized skills needed.
* The “businessization” of university recruiting will require more strategic, longer-term programs to manage complex situations. Due to the dramatic growth of for-profit universities and ongoing economic pressures on public institutions, many educational programs today have direct ties to established corporations that enable benefactors closer access to top students. Cultivating a relationship with said students in such environments will require college recruiting functions to become more business-like, i.e. guided by strategy, empowered with real-time information and relationship-management tools, and world-class opportunities (think of jobs as products) to take to students.

All of the changes highlighted above point to a demand for the college recruiting function to migrate away from being a game of chance to a more serious function that embraces cutting-edge marketing and sales tactics to deliver specific students to the organization. The modern arsenal of tools needed will include CRM (customer relationship management) systems and highly segmented branding informed by robust market research.


by Dr. John Sullivan | //ere.net

The current lull in college recruiting is an opportune time to evaluate new strategies and tools. It is no secret that the vast majority of organizations that recruit from college campuses globally do so tactically, employing little or no strategy. To even the casual observer, the approaches used are predictable, pedestrian, and in some cases laughable, but all of that is about to change.

From the vantage point of someone who has been involved in college recruiting for more than 40 years, either representing a corporation or a university, it is clear that we are approaching a strategic inflection point with regard to the amount of strategy supporting college recruiting.

As that inflection point approaches, there are several dramatic changes that you should anticipate, including:

  • The growth of social media (already demonstrating significant impact), opens up hundreds of new communication channels, allowing organizations to present highly targeted messages to highly targeted prospect segments and to cultivate relationships with top talent throughout their academic careers.
  • The growth in acceptance of and access to video communication equipment will make it possible for organizations to decrease the use of campus visits and embrace “remote college recruiting.” This societal change comes just as more universities embrace virtual classrooms that allow students to participate in courses without being physically present. Costs will drop, organizations will be able to expand the number of colleges mined for talent, and everyone involved will save time.
  • The globalization of work will force organizations to embrace unified global sourcing. While most organizations today continue to recruit geographically, as work becomes more distributed and global universities refine their emphasis and establish stronger industrial ties (Petronas University of Technology for example), organizations will have no choice but to tap the global market to recruit the high volume of graduates with specialized skills needed.
  • The “businessization” of university recruiting will require more strategic, longer-term programs to manage complex situations. Due to the dramatic growth of for-profit universities and ongoing economic pressures on public institutions, many educational programs today have direct ties to established corporations that enable benefactors closer access to top students. Cultivating a relationship with said students in such environments will require college recruiting functions to become more business-like, i.e. guided by strategy, empowered with real-time information and relationship-management tools, and world-class opportunities (think of jobs as products) to take to students.

All of the changes highlighted above point to a demand for the college recruiting function to migrate away from being a game of chance to a more serious function that embraces cutting-edge marketing and sales tactics to deliver specific students to the organization. The modern arsenal of tools needed will include CRM (customer relationship management) systems and highly segmented branding informed by robust market research. Continuar leyendo «The Future of College Recruiting Will be Dominated by Market Research (Part 1 of 2)»

GENTE COSMO

LIFESTYLE - by Esther Herrero

Being Your Brand

Branding and Strategy for Business and Life

Cruces, Sol y La Imaginación

Cuando la imaginación y la creatividad suman infinito

tranquicomix

fanzine bejarano de historietas hecho en los 80

A Stairway To Fashion

imagination is the key

Vinod833's Blog

This WordPress.com site is the bee's knees

Apasionada de las Redes Sociales

Compartir conocimientos 2.0 y Marketing Online

Zona de Promesas

Blog de Tecnología en Español - Internet - Redes Sociales - Entrepreneurship - Innovación

Top Master | Blog

LOS PROGRAMAS DE MBA Y POSTGRADO MAS INFLUYENTES DE TODO EL MUNDO

La realidad alterna

Poesías, relatos, diario de sueños

Unencumbered by Facts

Taking unsubstantiation to new levels

PsicoEmocions Blog

Un Pont entre la Psique i les Emocions

TEA PTLS NACHO

AUTISMO.TEA..PTLS

Comunicación & Marketing

De Lilian Lanzieri

Xtratexia

Dirección estratégica para la vida

StellarHIRE Partners

Founding Partner, StellarHire Partners - Executive Search Consultants. Recent engagements include Eloqua, SFDC, Tibco and Veeam.

ivanbrunpr's Blog

4 out of 5 dentists recommend this WordPress.com site

BLOGTEC

Noticias de Tecnologia.

T a l e n t o  en  E x p a n s i ó n

Gestión de personas y transformación digital para las organizaciones líderes de la Era del Conocimiento

Two Leaves Tea SPAIN

Great Organic Tea! ✫✫✫✫✫ Te Organico en Piramides

Ideas para la clase

Experiencias creativas en la clase de español.

Little Grey Box

Travel Well

No solo los 80's

La mejor música de la historia

Molly Balloon's Blog

Identity + Dressing + Colour

El OJO PUBLICO. / Глаз общественности

Ver para contar & contar para ver. / Чтобы рассказать

Think Creative Idea Growth Hacking

Expertos en estrategia y auditoria de marketing

The Coaching Alliance

El camino hacia el éxito

Erick Lovera

Mi Pasión en un Blog

Estampas de México.

“Un fotógrafo tiene que ser auténtico y en su obra, debe expresar emociones, provocar reacciones y despertar pasiones.” ~ Javier García-Moreno E.

Natalia Gómez del Pozuelo

Escritora y formadora en comunicación

aloyn

Alimentación, ocio y negocios, ALOYN, es un Grupo dirigido a Directivos y Propietarios de empresas, interesados en el mundo de la industria de alimentación y bebidas. Tanto por la parte de la industria productora como por la parte de la industria consumidora y/o distribuidora (Distribución Comercial, Horeca, Vending, Venta Directa, etc). También nos interesan las actividades ligadas al agroturismo y el enoturismo como magníficas actividades de promoción y difusión de la cultura gastronómica.

Blog de Jack Moreno

Un blog de Joaquín Moreno sobre recursos, literatura y ciencia ficción

Mashamour

Ensalada de Manjares

be.blog

be. Intelligent Multimedia Education

~~Mente en Gravedad~~

************************************************************************************************************

The Xtyle

Fashion Blog - Un Blog de Moda y Tendencias by Bárbara Sanz Esteban

aníbal goicochea

Tecnologías de la Información y Estrategia

A Waterfall of Sound

"Poetry is when an emotion has found its thought and the thought has found words." Robert Frost

Health & Family

A healthy balance of the mind, body and spirit

Style & Design

Fashion Trends and News

U.S.

News, Headlines, Stories, Video from Around the Nation

A %d blogueros les gusta esto: