Here is a great page. Examples of mission statements, slogans, mottos for all Fortune 500 companies.
Found it as part of a new product development class I am taking from Global NP Solutions.
“Jeff Bezos has a public e-mail address, email@example.com. Not only does he read many customer complaints, he forwards them to the relevant Amazon employees, with a one-character addition: a question mark.
When Amazon employees get a Bezos question mark e-mail, they react as though they’ve discovered a ticking bomb. They’ve typically got a few hours to solve whatever issue the CEO has flagged and prepare a thorough explanation for how it occurred, a response that will be reviewed by a succession of managers before the answer is presented to Bezos himself. Such escalations, as these e-mails are known, are Bezos’s way of ensuring that the customer’s voice is constantly heard inside the company.”
“Bezos takes a red pen to press releases, product descriptions, speeches, and shareholder letters, crossing out anything that doesn’t convey a simple message: You won’t find a cheaper, friendlier place to get everything you need than Amazon.”
“This document was clearly written by the B team. Can someone get me the A team document? I don’t want to waste my time with the B team document.”
Long article, but still pretty great
When faced with imprecise knowledge, a scientist will be inclined to improve it, yet an engineer will routinely accept it. Might predictions be wrong by as much as 10 percent, and for poorly understood reasons? The reasons may pose a difficult scientific puzzle, yet an engineer might see no problem at all. Add a 50 percent margin of safety, and move on.
Safety margins are standard parts of design, and imprecise knowledge is but one of many reasons.
Read the full review here
I enjoy watching these videos about related products when I’m trying to brainstorm new ideas, start at 16:30 and let me know if you see any.
Interesting idea from a customer, notice the step where all drum sticks are sorted by weight. Even composite sticks are rarely manufactured within a 40 gram range, and wood sticks aren’t any better. For reference 40 grams is the weight of two eggs. If it helped our customers we could sort and sell our sticks based on their exact weight.
I got asked to sign a NDA yesterday. It is something people ask about a lot, and something I always refuse to sign.
Ideas are cheap (my going rate is probably $1 per idea), turning an idea into a successful feature/product/business is the hard part.
“If there were an efficient market, I could simply “sell” my idea to whoever wanted to buy it for “fair market value” (lets say $1,000). Right now, the simple cost of figuring out what the idea might be worth is likely more than the idea itself. This is a clear case of the transaction costs exceeding the cost of the item.”
On the website, http://www.inc.com, I read an article that talked about using the right business development strategy to aid in a company’s expansion. The article talked about strategies such as: selling higher quantities of products, expanding business to other areas, and developing new products to sell. I think this article has a lot of great ideas for businesses if they want to grow their company. I believe that many businesses can take initiative and use one of the plans to help them expand.
There are many ways to guide a business through a period of expansion.
Turning a small business into a big one is never easy. The statistics are grim. Research suggests that only one-tenth of 1 percent of companies will ever reach $250 million in annual revenue. An even more microscopic group, just 0.036 percent, will reach $1 billion in annual sales.
In other words, most businesses start small and stay there.
But if that’s not good enough for you—or if you recognize that staying small doesn’t necessarily guarantee your business’s survival— there are examples of companies out there that have successfully made the transition from start-up to small business to fully-thriving large business. Click this link to finish reading How to Develop a Business Growth Strategy.
The example of Apple shows how introducing the iPod and the iPhone helped the interest of the company grow and many of them bought laptops to go with their new devices. With the right business development strategy, any company can grow.
On the website, www.strelmark.com, I read an article about Strelmark business development consultants. The article mentions that research showed success has very little to do with your skills and intelligence in the field. It makes sense that using personal people skills helps create a better business. It is unfortunate that many businesses lack this feature and merely make long distance phone calls or send emails.
Strelmark seems to be making some progress by instituting special training for their consultants and helping them to develop their personal business relationships. I am glad to see that some companies are improving their business development consultants by putting them through a boot camp. Utilizing these practices could help other companies improve their business relationships and earn a better reputation.
On the website, http://www.ehow.com, I reviewed an article about becoming a business development specialist. The job requires individuals to specialize in products and organize meetings with clients to sell their products. I feel this job would be a perfect occupation for individuals looking to major in business, but only want to sell certain items. The job comes with a high salary of approximately $73,000 and can include bonuses and commissions. A business development specialist can also travel around the country and can build up a great reputation as a great salesman. They are also required to have a good attitude that can help people improve their people skills. I believe this job has a lot of great opportunities for people in the business field.
Pretty crazy video/story. The most interesting part about this was the claim the R&D only cost $40 million. For something we have been researching since Reagon/’70s it doesn’t seem possible for it to have such a low price tag.
Here is some better information. Engadget says the laser costs $32 million per unit.