Increasingly our world favors BIG. BIG Companies. BIG Stars. The next BIG thing. Big business seems to favor other BIG businesses, like during Christmas when ABC’s GMA seemingly supported only the online BIG Box stores, leaving small online entrepreneurs in the dust as reported in our December 8th blog, “Scrooge Strikes e-Commerce Small Business.”
What is the key to small businesses getting ahead? Many believe it is innovation. But it’s not that simple. Innovation tailored to the unique position and qualities of a small business propel it forward. Small business owners have certain advantages over their BIG business counterparts. . . . → Read More: Right-Sizing Innovation for the Small Business Owner
I came across a great quote today while reading “Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant” by W. Chan Kim and Renee Mauborgne (Harvard Business Review Press, 2005).
Samuel “Roxy” Rothapfel, previously a nickelodeon owner, started up Palace Theaters. By using the low-cost, lower-quality nickelodeon style of entertainment, he reinvented this experience for more elaborate, extravagant affairs that played upscale at an affordable price. In so doing, he changed the entire industry.
The Palace Theaters, between 1914 and 1922, opened four thousand new Palace Theaters across the US. During this age of . . . → Read More: Don’t Give People What They Want