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  • Jim Jewell
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25 Big American Product Flops

25 Big American Product Flops

1. Edsel In 1957, Ford launched the Edsel, a car the company billed as hot and revolutionary, Problem: It turned out to be sort of "blah."Ford was enormously successful in building high expectations for the forthcoming Edsel, but America was equally disappointed. The Edsel tanked. It became a national joke, the car that launched a million punch lines. By November 1959, when Ford finally mercy-killed the Edsel, it had lost an estimated $250 million -- nearly $2 billion in today's dollars. “As it...

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‘Giving Tuesday’ phenomenon and other nonprofit stories of the week

‘Giving Tuesday’ phenomenon and other nonprofit stories of the week

What is #GivingTuesday? We have a day for giving thanks. We have two for getting deals. Now, we have #GivingTuesday, a global day dedicated to giving back. On Tuesday, December 2, 2014, charities, families, businesses, community centers, and students around the world came together for one common purpose: to celebrate generosity and to give. #GivingTuesday was founded in 2012 by New York’s 92nd Street Y in partnership with the United Nations Foundation. With a team of influencers and founding par...

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22 of the Best Mission Statements in the World

22 of the Best Mission Statements in the World

The main purpose of a mission statement is to clearly and concisely answer the question, “Why do we exist?” and to lay out your overall company goals and how you will achieve them. And it does it all in a quick, easily understood – and easily shared – statement. To write an effective mission statement:  Be short and easy to repeat Focus a product or service on a specific problem Put a unique stake in the ground Set an audacious goal Feature an action verb How do you think these 22 measure up? ...

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This Week’s Trending Business Stories 12-2-14

This Week’s Trending Business Stories 12-2-14

The art of online apologies and why Elizabeth Lauten failed miserably at hers: The apology was what people who have been caught say. It carries this hard-to-shake implication that she was not REALLY sorry about what she wrote, but instead was sorry that people were outraged by it.  Here are tips on making an apology sound, well, real.  –Forbes Coca-Cola wants to buy the world a milk:  Unlike soda pop, the U.S. milk industry remains highly fragmented with few recognizable brand names.  But Coca-C...

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Fascinating News from the Nonprofit Sector

Fascinating News from the Nonprofit Sector

Venture Philanthropy:  $3.3 Billion Investment Payout for Cystic Fibrosis.   The Cystic Fibrosis Foundation (CFF) cashed in on one of its biggest venture philanthropy efforts, selling future royalty rights for $3.3 billion — 10 times the revenue that the charity typically generates in a year. “This is a transformational moment for the foundation and the entire CF community,” Robert J. Beall, Ph.D., CFF’s president and CEO. CFF helped to fund development by Boston-based Vertex Pharmaceuticals, In...

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This week’s trending business stories

This week’s trending business stories

Popular posts that impact you and your business Top 10 Stores For Best Black Friday Deals (Surprise: Not  Walmart!) – Forbes.   The personal finance site WalletHub surveyed 5,525 Black Friday ad scans from 22 of the country’s biggest U.S. retailers. Their results show mall stalwarts JC Penney and Macy's offering the most impressive savings. Read the article.   Economic impact of aging countries – The Economist   “There simply is a limit to the extent to which we can save today in exchange...

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Do You See a Trend?

Do You See a Trend?

Valcort 35 Keys to Business Growth:  # 7  Have a process to identify industry trends that will impact a customer’s opinion of you.  Wayne Gretzky was the greatest ice hockey player of all time not only because of his physical skills, but because he consistently saw where the play was going, where he needed to be a few seconds into the future.  And he saw that faster and clearer than anyone else. Gretzky said:  “I couldn’t beat people with my strength; I don’t have a hard shot; I’m not the quick...

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Trend Savvy

Trend Savvy

21 great ways to keep up with trends that will impact you and your business We contended in a recent post titled Do You See a Trend? that companies best prepared for the future are those that most accurately forecast industry, technological, and sociological trends.  How do you do that consistently and effectively? We’ve got 21 ideas. Go ahead, try some of these on for size.  Happy trend-watching!  Watch your values. In building your business, you have established the core values that guide you...

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Making the best of customer touchpoints

Making the best of customer touchpoints

Valcort 35 Keys to Business Growth: # 5   Have a fully coordinated, customer sales approach, drawing a customer into an engaging relationship at every point of contact.  One of my beautiful daughters had a modeling gig for Lands’ End recently that put her in the popular catalog and on the company’s website. As a proud father, I searched out the Lands’ End webpage, found her picture and clicked to look at the various shots. I moved on to other web pages, including Facebook, where I was greeted b...

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Listen (to the voice of your customers)

Listen (to the voice of your customers)

Valcort 35 Keys to Business Growth: #3 Clearly understand your customers’ unmet needs, their frustrations, and what they look for in products and services like yours. Last year, when we talked to the senior leaders of a manufacturing firm with a large footprint in a niche market, we sensed concern, even a little despair. The brands they were selling to businesses were well known and recognized as quality products.  But customers were pressing them on price and turning to competitors, often with ...

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