How Does Innovative Activity Change as Industries Mature

So it’s an equal playing field after all. Companies in mature industries can be just as creative as startups, according to a new study conducted by professors from Boston University and Harvard Business School.

In “How Does Innovative Activity Change as Industries Mature,” Boston’s Anita M. McGahan and Harvard’s Brian Silverman analyzed the patent applications of publicly traded U.S. companies from the early 1980s to the mid-1990s.

They found innovation doesn’t decline with age. Using algorithms, the study identified an average of 75,000 to 100,000 patents per year per industry, which includes manufacturing, agriculture, transportation, retail, financial services, entertainment, and business services. This doesn’t change when you throw in “emerging industries.”

“The results surprised us a great deal at first because conventional wisdom has us believing that new companies are more creative while older companies don’t have the incentive to be as innovative,” McGahan says. The study also found that industry leaders can be “displaced” no matter how many patents they hold.

The two professors reason that while young companies often rely on a great new product automatically attracting market attention, they don’t understand how tough it is to attract customers to that product, no matter how great. But established firms are often much better at marketing. “And they have the advantage of established brand names, distribution channels, and marketing programs,” says McGahan. Startups may only be left with the patent.

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How to hire a good assistant. Not only education matters

So, I’m so busy at work that we decided to hire a new assistant, but the whole process made me think about the whole hiring/education/exams things. While recruiting an employee most of the companies only seek educational information. But it is important to know about many other things about a person to avoid any future problem. So, it is essential to carry out pre-employment screening before appointing an employee.

Employment screening will help you to verify

  • Educational record. For example, many people think that reporting getting a GED in NYC while applying for a job in San Diego will allow them to get a job without checking credentials but it’s not the case. Potential Employers can check this stuff pretty easy. Getting in touch with online classes providers is easy too.
  • Criminal history
  • Past records
  • Social security number
  • Residential address

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Employee to Entrepreneur – the New Career Way

Working for yourself, from employee to entrepreneur is the end goal of a new career. But the transition from employee to entrepreneur is like climbing over a wall.

Got the Guts To Be an Entrepreneur?

Remember the Berlin Wall? During the Cold War when East and West were separated by that infamous wall, many freedom-seekers risked being shot by border guards while attempting to climb over that wall.

If you choose the parallel career way to be an entrepreneur, you are as brave as those freedom-seekers. You are willing to take risks (calculated ones though), make changes and set goals for your future.

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Create Your First Info Product Before The Hangover Even Wears Off

63592750462675948133989820_careersIf you want to make real money online, spread your brand and build trust with your audience, you need a product.

No matter how small your operation might be, creating your own product is the best way to gain clients and customers, spread your message and, let’s face it – make money!

My friend is now taking GMAT classes and applying to an MBA program and all she talks is how every small business is missing the boat because they are afraid to create their own product. I understand this fear. For us, entrepreneurs,  product creation can be intimidating the first time, which is why she and I got your back with a free MBA inspired report.

When you download your copy of this free report (see bottom), I’ll show you how to simplify the process of product creation and roll out your first money maker in one weekend.

That’s right, starting Friday night, you can be selling by Monday morning, with plenty of time to play in between. And if you think yourself about getting an MBA degree check this website for MBA courses that don’t require the GMAT.

HERE’S WHAT’S INSIDE

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Success is about more than money

All successful people agree that they were successful because they wanted to do something with their life. They wanted their life to mean something before they left this world. They then set about achieving these goals and as a result, they got rich. Several of the people interviewd by Richard St. John, himself very successful, said they would hapily pay someone to do what they were now doing. They enjoyed it that much.

So ask yourself this question, “What do I want my life to mean?”

Then write down your dream life as if it has happened, really see it in your minds eye, write down what you will have to give up to achieve that, write a plan to start you on the path to success, lastly write down one simple thing you will do each day to get there.

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Try This Easy and Delicious Cilantro Citrus Salad

Today, I would like to share couple of my favorite recipes that feature citrus as key elements.

As soon as the weather gets warmer, immediately I start craving salads. This cilantro citrus salad is such a light, fresh option for a summer lunch. I made this one vegan, but you could easily add grilled salmon or chicken for a more filling option.  With chickpeas for protein, avocado for Vitamin E and folic acid, and oranges for Vitamin C you can skip the multi vitamin. This salad is packed with vitamins and nutrients, but the flavor is the main reason I love this salad.

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Interior Scandinavian Style Ideas

It has been a whirlwind couple of weeks … first it was spent celebrating my brother’s wedding in the gorgeous Tuscan countryside then heading to Florence for a few days on our own  (promise to share next week). We’ve now been back in London a week and I’ve been so sick that I’ve been locked up at home. There was a brief Canadian thanksgiving celebrating over the weekend. I couldn’t completely indulge in seconds and thirds as I would have liked, but it was fabulous.

Looks a little like my last week…

I have been writing an interior blog about Scandinavian style and what inspires me since June and in October I opened a webshop with products from new and upcoming designers from the Nordic countries. One of our recent additions are the beautiful prints by Ylva Skarp.

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Why People Are Suing Their Family?

How much money would it take for you to sue your entire family?  What if 100 million dollars was at stake?  Would you sue your mother?  Stop talking to your children?  I know, it sounds absurd, but people do it.  And I’m not sure if I should judge them until I’ve been in their shoes. Let me explain.

I recently read an interesting article in Vanity Fair about the Agnelli family, they are like the Kennedy’s of Italy, extremely rich and with lots of drama.  When the patriarch of the family died in 2003, the only daughter asked a series of questions about her father’s estate (valued in the billions) that resulted in one of Italy’s most talked about scandals.  The daughter, who is 52, has eight children and is angry that her father’s wealth has been shrouded in secrecy and that certain of her children did not receive the inheritance that they deserved.


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What An Amazing Week!

939b8c7b4ccd4b9abf3e9a4e87a38893In case you’ve been living under a rock, or don’t read my blog, you’ll probably know that on Monday I started my new job as manager of a lovely little Spar just down the road from my house. Since Monday I don’t think that my feet have hit the ground at all. I’ve been off for one day, and even then I ended up in the shop so that I could transfer stock down to my old shop to get rid of it.

It’s been an eye opener. It’s a fantastic little shop and the sheer volume of customers and sales is shockingly high. I can’t believe so much stock can move of the shelves that quickly. It’s certainly going to be a challenge improving on what’s already a fantastic little store, but I’m sure I will manage it.

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How decided should I be when I submit my college applications?

Last year when I submitted my college applications, I remember wondering often if I was sure enough of where I wanted to go to school. Now, my girlfriend is beginning to apply to schools, and she’s feeling anxious because she’s really not sure where she wants to go still.

Obviously, before turning in college applications, you have a nice variety of colleges to choose from. But once application due dates start hitting, your options will become much narrower. This can be a good thing, or it can be a bad thing, depending on how you want to look at it. But whichever way, it’s important to feel at least some level of certainty with the schools you chose to apply to.

You want each school you send an application to be a potential choice for you, not just some school you choose for the sake of choosing. Unless you have enough money to apply to schools simply for bragging rights, applying to schools on a whim is going to cost a lot of money (and time).
Here are some ways of helping to feel good about your choices:
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