Insights into Developing New Business Ideas
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Samsung suspends worldwide sales and tells Galaxy Note 7 owners to 'stop using it' amid exploding phone crisis

Samsung suspends worldwide sales and tells Galaxy Note 7 owners to 'stop using it' amid exploding phone crisis | Insights into Developing New Business Ideas | Scoop.it
Samsung’
Westminster Business School's insight:

Further reading

http://www.androidcentral.com/galaxy-note-7-waterproof-ip68-rating

 

https://www.theguardian.com/business/2016/sep/12/samsung-galaxy-note-7-share-prices-dives-phone-recall#img-1

 

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Crowdfunding: A brief history

Crowdfunding: A brief history | Insights into Developing New Business Ideas | Scoop.it
By the middle of this month, the Scottish National Party had raised nearly £35,000 on crowdfunding website Crowdfunder.
Westminster Business School's insight:

Questions for discussion


  1. What is meant by the term crowdfunding?
  2. What advantages do you believe crowdfunding offers to start-up companies?
  3. What are the risks involved for those who choose to fund the initial investment in their business by this approach?
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Why health and fitness franchises are proving a good fit for franchisees

Why health and fitness franchises are proving a good fit for franchisees | Insights into Developing New Business Ideas | Scoop.it
Franchises in the health and fitness sectors offer more than just a commercial opportunity; franchisees are able to make a positive difference in the lives of others whilst making a living
Westminster Business School's insight:

Questions for discussion


  1. The marketing manager of Zenerjii, Naoimh Hughes makes the point that people are becoming more nutritionally aware.  Bearing in mind the size of companies like Innocent, and their marketing budget, how sustainable do you think the business is for Zenerjii?
  2. If you were a franchisee of Zenerjii how would you expect the franchisor to help you compete with companies such as Innocent?
  3. Sarah Benham and her husband run a Fit Camp as well as being franchisees for Herbalife.  They do not charge for attendance at the Fit Camp and the facility is open to all, regardless of whether they are Herbalife customers or not.  Do you believe that this is a sensible approach to their business?
  4. How sustainable do you believe this approach to be?
  5. She and her husband seem to be passionate about the healthy life style they claim to be promoting – how important is this passion to their business?
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Tim Lowther is bringing a better burger to Blighty

Tim Lowther is bringing a better burger to Blighty | Insights into Developing New Business Ideas | Scoop.it
The man who helped American better burger chains Shake Shack and Five Guys beef up on these shores, Tim Lowther, is leading the UK expansion of another: Smashburger
Westminster Business School's insight:

Questions for discussion


  1. Why do you believe Tom Lowther has decided to be a franchisee after all of the time he has worked for a franchisor?
  2. It is claimed that the new franchise, Smashburger, will be a better burger.  What do you believe will be the critical success factors for the company?
  3. How will those critical success factors differ to those for McDonalds?
  4. How critical do you believe it to be that Smashburger has a flagship store in Central London?
  5. Mr Lowther makes the point that he always talks to those staff that are cooking the burgers as well as the managers.  Why do you believe he does that?
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Instagram's Kevin Systrom: 'I'm dangerous enough to code and sociable enough to sell our company'

Instagram's Kevin Systrom: 'I'm dangerous enough to code and sociable enough to sell our company' | Insights into Developing New Business Ideas | Scoop.it
Instagram has 300 million users posting 70 million pictures a day and has become a verb in itself. Charlie Parrish meets the man behind the photo-sharing phenomenon
Westminster Business School's insight:

Questions for discussion


  1. What do you believe motivates Kevin Systrom?
  2. Do you believe that his background has made it easier for him to co-found the Instagram?
  3. Why do you believe that Facebook has bought Instagram?
  4. Mark Zuckerberg (Facebook CEO) has promised that Mr. Systrom will be allowed to run Instagram independently of Facebook?  What are the risks to Facebook in taking this approach?
  5. Why do you believe Kevin Systrom agreed to the purchase of his company by Facebook?
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What Happens If Apple Starts Making Cars

What Happens If Apple Starts Making Cars | Insights into Developing New Business Ideas | Scoop.it
It could fundamentally change the driving experience — and the industry.
Westminster Business School's insight:

Questions for discussion


  1. The article suggests that Apple would be successful were it to enter the automobile industry because it would use a different process to that used by the existing companies. How does the approach taken by Apple differ from that taken by the existing industry players?
  2. What advantages would apple have compared to those organisations already in the industry?
  3. To what extent do you believe that Apple would be successful?
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The SMART Interview #21 Alex Polizzi

The SMART Interview #21 Alex Polizzi | Insights into Developing New Business Ideas | Scoop.it
Read about our latest news, useful travel advice and inspiration for the busy traveller.
Westminster Business School's insight:

Questions for discussion


  1. To what extent do you believe that a consultant, such as Alex Polizzi, can help a business become more successful?
  2. Ms. Polizzi makes the observation about a company that, “They listened. They didn’t think that they knew better, they accepted they’d tried things their way and needed a nudge in another direction”.  To what extent do you think this is an easy thing for the owner of a small business to do?
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The SMART Interview #18 Peter Jones

The SMART Interview #18 Peter Jones | Insights into Developing New Business Ideas | Scoop.it
Read about our latest news, useful travel advice and inspiration for the busy traveller.
Westminster Business School's insight:

Questions for discussion


  1. What do you believe motivates Peter Jones to continue to invest in SMEs bearing in mind his previous success?
  2. Mr. Jones suggests, in the interview, that entrepreneurship can be learnt.  To what extent do you believe this to be true?
  3. What do you think are the character traits that have allowed Mr. Jones to be successful?
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Brewed awakening: how Pact’s subscription model is revolutionising coffee

Brewed awakening: how Pact’s subscription model is revolutionising coffee | Insights into Developing New Business Ideas | Scoop.it
Customers in the UK increasingly want to replicate the coffee shop experience at home and Pact Coffee is helping them do just that
Westminster Business School's insight:

Questions for discussion


  1. The Head of Coffee, Will Corby, is ‘passionate about coffee’. How does Rappaport retain the Corby as an employee?
  2. Last year the company paid coffee farmers, on average, 149% of the FairTrade price for their coffee beans.  Why would they choose to do that?  Or is it just the impact of market forces?
  3. Mr. Rappaport says in the article that he does not want his brand on a supermarket shelf.  Bearing in mind the global reach of supermarkets like Tesco do you believe that this is a wise decision?
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Interview: Harold Tillman, London Fashion Week - the retail king who lost his crown is fashioning a second comeback

Interview: Harold Tillman, London Fashion Week - the retail king who lost his crown is fashioning a second comeback | Insights into Developing New Business Ideas | Scoop.it
The last time I met Harold Tillman properly, he was king.
Westminster Business School's insight:

Questions for discussion


  1. Why do you believe that Harold Tillman is starting another business after his previous experiences?  What qualities do you think this exhibits in this entrepreneur?
  2. Do you believe that his previous experiences will help him in these new ventures? 
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The innovators: the rubber piano playing a different groove

The innovators: the rubber piano playing a different groove | Insights into Developing New Business Ideas | Scoop.it
Roland Lamb’s touch sensitive instrument allows the musician to manipulate pitch, timbre and volume through the fingertips
Westminster Business School's insight:

Questions for discussion


  1. What do you believe motivated Roland Lamb to start developing the Seaboard?
  2. What personal characteristics has Lamb demonstrated in successfully launching the Seaboard?
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Interview: Tesco Clubcard creator Edwina Dunn sets her sights on social media

Interview: Tesco Clubcard creator Edwina Dunn sets her sights on social media | Insights into Developing New Business Ideas | Scoop.it
Edwina Dunn is that rarity, a business person who has made a genuine difference. Some may say it wasn’t for the better, but ask retailers what they think of Dunn’s creation and they will say it’s genius.
Westminster Business School's insight:

Questions for discussion


  1. Having formed the company Dunnhumby, and created the Tesco Club card, with her husband Edwina Dunn the couple subsequently sold the business to Tesco for £100 million. The couple has now formed a company Starcount which is designed to analyse social media patterns in the same manner as the Club Card.  Why would the couple to start another company?
  2. Edwina is also involved with a number charities. To what extent is it important that business people act in this type of philanthropic manner?
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Lost My Name: personalised children’s publishing with a modern twist - Elite Business Magazine

Lost My Name: personalised children’s publishing with a modern twist - Elite Business Magazine | Insights into Developing New Business Ideas | Scoop.it
In the blink of an eye, personalised children’s book company Lost My Name has gone from digital DIY to industry trailblazer
Westminster Business School's insight:

Questions for discussion


  1. The founders consider that their company are, ‘accidental publishers’.  To what extent do you think that luck is part of the reason why the  founders have been successful?
  2. How do you think the skills of the four founders complement each other?
  3. To what extent do you think it is important that founders start companies as a team rather than as individuals?
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Facebook Launches Workplace, a Business Version of Facebook - CIO Issues on CIO Today

Facebook Launches Workplace, a Business Version of Facebook - CIO Issues on CIO Today | Insights into Developing New Business Ideas | Scoop.it
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Don’t teach entrepreneurship in schools – let us take our own risks

Don’t teach entrepreneurship in schools – let us take our own risks | Insights into Developing New Business Ideas | Scoop.it
As George Osborne prepares for next month’s Budget, he will already have told his speechwriters to provide a strong section on supporting entrepreneurship.
Westminster Business School's insight:

Please also read


http://www.bloombergview.com/articles/2015-02-11/peter-thiel-and-education-s-new-utopians


http://www.economist.com/news/business/21621778-business-leaders-would-benefit-studying-great-writers-philosopher-kings


Questions for discussion


  1. Do you believe that entrepreneurship can be taught?
  2. There appears to be a suggestion in the articles that entrepreneurs should be encouraged to read widely and have a wealth of experiences rather than ‘study’ entrepreneurship.  Do you believe that this is true?
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Razzamataz Theatre Schools is giving kids their first taste of the spotlight

Razzamataz Theatre Schools is giving kids their first taste of the spotlight | Insights into Developing New Business Ideas | Scoop.it
Razzamataz Theatre Schools has won over parents – and a Dragon – with its refreshing approach to performing arts
Westminster Business School's insight:

Questions for discussion


  1. What risks did Denise Gosney overcome by franchising her theatre school?
  2. If Ms. Gosney had not turned her business into a franchise what do you believe would have happened?
  3. How critical was it that Razzamatazz Theatre Schools grew quickly once it was established as a franchise?
  4. How important do you believe it was that Duncan Bannantyne became an investor?
  5. Other than funding what do you believe is provided by an investor such as those found on Dragons Den?
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Subway celebrates 500 non-traditional stores in UK - Elite Franchise Magazine

Subway celebrates 500 non-traditional stores in UK - Elite Franchise Magazine | Insights into Developing New Business Ideas | Scoop.it
Subway reaches the milestone of 500 non-traditional stores as it continues its growth in the UK
Westminster Business School's insight:

Questions for discussion


  1. What are franchises?
  2. What advantages and disadvantages does a franchise offer the franchisor?
  3. What advantages and disadvantages does a franchise offer the franchisee?
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Will a Successful IPO Ruin Etsy?

Will a Successful IPO Ruin Etsy? | Insights into Developing New Business Ideas | Scoop.it
Etsy represents a test case for whether a company whose social mission is central to its existence can please shareholders as a publicly held entity.
Westminster Business School's insight:

Questions for discussion


  1. What is meant by the term IPO?
  2. Why would the founders of Etsy wish to take such a course of action?
  3. In general what risks do founders of companies take when they float the company?
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Why popular culture is a driving force behind inequality

Why popular culture is a driving force behind inequality | Insights into Developing New Business Ideas | Scoop.it
The Oscars have come and gone for another year.
Westminster Business School's insight:

Questions for discussion


  1. To what extent do you believe that the authors comments are true?
  2. What steps can be taken to remedy this?
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LiteBulb Group founders talk Mary Berry and woodwork

LiteBulb Group founders talk Mary Berry and woodwork | Insights into Developing New Business Ideas | Scoop.it
It's not every day that you bump into an old friend at a cash machine in Fulham and end up hatching a business.
Westminster Business School's insight:

Questions for discussion


  1. Do you believe that either of the founders of LiteBulb would have been successful as entrepreneurs if they had operated separately?
  2. The two founders state that they have had only one major argument in the time they have worked together.  How difficult is it to form a successful partnership without creative tension?
  3. To what extent do you believe that the founders have been lucky in their success?
  4. The company has grown to an estimated turnover in 2015 of £37.8 m and yet they have no institutional investors having listed on the AIM market.  What is the AIM market?  What advantages does the AIM market offer to small firms?
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EatFirst co-founder talks long hours and Mayfair hotels

EatFirst co-founder talks long hours and Mayfair hotels | Insights into Developing New Business Ideas | Scoop.it
If you're after a startup story with a good luck streak, then that of Rahul Parekh, co-founder of Eat
Westminster Business School's insight:

Please also read


http://www.cityam.com/1411494735/meals-wheels-desk-side-eating-city


http://www.bloomberg.com/news/2014-09-16/goldman-trader-swaps-financial-services-for-speedy-food-delivery.html


Questions for discussion


  1. Why do you believe that Rahul Parekh swapped a successful, secure career at Goldman Sachs to start this business?
  2. From the second article it would seem that the market in which EatFirst operates is quite crowded with a number of other players operating in the City.  How would you recommend he remains competitive?
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The Good Care Group's Fiona Lowry is a people's champion

The Good Care Group's Fiona Lowry is a people's champion | Insights into Developing New Business Ideas | Scoop.it
Fiona Lowry is a successful entrepreneur by anyone’s reckoning – she sold her first business for £95m and is now on her third start-up. But she’s not about to take all the credit
Westminster Business School's insight:

Questions for discussion


  1. Having successfully built and sold a business for £95 million why do you think Ms. Lowry is starting another business?
  2. Ms. Lowry says in the article that it is important for the employees to be shareholders in the business, a practice that she started with Merlin Communications.  What do you believe are the advantages and disadvantages of this approach?
  3. Ms. Lowry states that at the BBC World Service she was told, ‘Don’t ever think that management isn’t creative – it is the most creative job if you do it well’.  Why do you believe that it is the case?
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The rise of cold-water surfing

The rise of cold-water surfing | Insights into Developing New Business Ideas | Scoop.it
Why are surfers eschewing the warm waters of Australia and Hawaii in favour of Iceland and Canada?
Westminster Business School's insight:

Questions for discussion


  1. To what extent do you think the inexperience of Tom Kay in area of design has inhibited the development of the range of clothing sold by Finisterre?
  2. Tom Kay says he started the brand to provide for suffers like himself who prefer cold water surfing.  Do you believe that this was his only motivation?  If not, what else do you believe made him start the company?
  3. The company offer a lifetime guarantee on their clothing.  To what extent do you think this is a strong selling point for this type of clothing?
  4. The company hopes that the clothing will appeal to a wider population than ‘just surfers’.  To what extent do you believe this to be feasible?  how would you describe the market segments that might be attracted in addition to the surfer market?
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Independent retailers set to hear those till bells ringing with Christmas campaign - Business Matters

Independent retailers set to hear those till bells ringing with Christmas campaign - Business Matters | Insights into Developing New Business Ideas | Scoop.it
Independent retailers across the UK are hoping to entice Christmas consumers with a shopping challenge over the next month, as part of the Celebrate an Independent Christmas campaign.
Westminster Business School's insight:

Questions for discussion


  1. The ‘decorate a Christmas tree scheme’ is designed to support independent retailers in the face of increasing competition from online and retail parks.  How else might small, independent, retailers compete with the larger retail chains, retail parks, and online?
  2. The article refers to, ‘footfall’. What is this and why is it an important measure for a retailer?
  3. Why are local retailers important to the wider economy?
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Controlled burn: the perils of raising too much investment - Elite Business Magazine

Controlled burn: the perils of raising too much investment - Elite Business Magazine | Insights into Developing New Business Ideas | Scoop.it
Whilst it’s tempting to take funding whenever it’s available, it’s worth considering that the startup that burns twice as bright burns half as long
Westminster Business School's insight:

Questions for discussion


  1. What sources of funding are available to founders when they start a business?
  2. What are the risks and potential benefits fo each of the sources you have suggested?
  3. What are the particular risks of raising too much funding?
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