August 1, 2017

netflixSince launching 20 years ago, Netflix has transformed from a DVD-by-mail service into the undisputed king of streaming video. The company now has more than 104 million subscribers across the world, a 25 percent increase since last year and quadruple the number of customers from 2012. On any given evening in North America, Netflix streaming accounts for more than a third of all download Internet traffic. The company’s lineup of original shows and movies are also a hit with critics Continue reading

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July 26, 2017

wedding-flowersAs the sudden closing of Alfred Angelo Bridal shows, dealing with weddings can be unpredictable and continuously frustrating even on the business side. But the financial rewards are vast for those who manage to navigate this volatile sector successfully. The wedding industry earned $58 billion in revenue in 2016 and is expected to bring in $63 billion by 2021. The average wedding now costs $26,500 as couples spend generously over the year or so that they spend planning the big Continue reading

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July 21, 2017

When starting a new business, many entrepreneurs opt to enter an established industry so they can know what to expect. At the same time, however, these markets are packed with fierce competitors who must vie with one another for their piece of the pie. The most fortunate entrepreneurs avoid cutthroat industries and create new markets based on previously unknown consumer demands. The video below looks at how this “blue ocean strategy” can ensure long-term dominance for innovative companies.

Questions:

  1. Can Continue reading
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July 20, 2017

rego-korosiAs sales from CDs and digital downloads continue to decline, streaming platforms like Spotify and Apple Music have become vital to the $7.7 billion music industry. Still, there’s one major streaming service that both executives and musicians alike have long despised. While it’s mostly known for video, YouTube accounts for 25 percent of all music streamed across the globe. This makes it by far the most popular streaming site among fans, a fact that industry insiders find increasingly troubling.

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July 18, 2017

nataliatarkhAlong with being a summertime staple, the neighborhood lemonade stand also represents the classic image of young entrepreneurship. In today’s interconnected world, though, ambitious kids have even more options at their disposal if they want to run a business. And while selling lemonade is certainly a refreshing way to earn a dollar, some have turned their attention to a far less appetizing but still lucrative option: slime.

This sticky substance has been fascinating young social media users for years. Unlike Continue reading

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July 14, 2017

edwin-leeThis week we’ve taken a look at the effect mobile technology has had on Chinese businesses, both for better and worse. Of course, China is far from the only Asian nation to undergo drastic changes thanks to the rise of smartphones. From India to Indonesia, mobile technology has altered the ways that both consumers and businesspeople go about their lives. Still, perhaps no other place on the continent has been as fundamentally changed by smartphones as the country of Continue reading

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July 13, 2017

charles-chanAs we’ve covered a couple of times already, this has been a difficult year for many American retailers. While brick-and-mortar stores struggle to compete with e-commerce outlets, online retailers as well must grapple with the ever-increasing might of Amazon. These seismic shifts in power have led many to wonder what the future of the industry might look like. Amazon has recently been experimenting with cashierless stores, but observers say the company still has a lot of work to do Continue reading

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July 11, 2017

y-amalOver the last few years, the Chinese sharing economy has grown to include everything from bicycles to basketballs. Consumers can temporarily purchase these items at kiosks scattered around urban areas with the idea being that they’ll return the product once they’re done. But as one umbrella-sharing startup recently learned, that’s not always the case.

Sharing E Umbrella launched earlier this year after their founder realized that “everything on the street can now be shared.” The company started up in 11 Continue reading

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david-mulderFor more than a decade, the growing e-commerce industry has turned the retail world on its head. From books to beds and everything in between, online shopping offers customers convenience and value that many traditional stores can’t compete with. Still, there’s at least one area of retail that e-commerce hasn’t conquered entirely: groceries. While experts estimate that 10 percent of all shopping in the U.S. now occurs on the Internet, overall online food sales are less than half that number. Continue reading

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June 30, 2017

iphoneOne decade ago this month, Apple launched the iPhone and changed the business world forever. The rise of smartphones caused entire industries to collapse as new ones quickly appeared to take their place. Of course, the iPhone fundamentally changed Apple more than any other organization. Before the smartphone’s launch, the tech company earned 40 percent of its sales from iPods and had a market capitalization of $72.9 billion, less than a third of Microsoft’s valuation at the time. Today, iPhone Continue reading

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