Profitable Change
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Profitable Change
The latest news on Profitable Change, Strategy, and IT Project Management
Curated by Dot Olonovich
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This Scientist Is Using A Cheap Kids Toy To Detect Diseases

This Scientist Is Using A Cheap Kids Toy To Detect Diseases | Profitable Change | Scoop.it
Dr. Michelle Khine, of the University of California, Irvine, is using shrinky dinks to make microfluidic devices which can help diagnose medical problems,
Dot Olonovich's insight:

Small-scale onsite manufacturing with very low production costs... a competitive advantage that is very difficult for traditional businesses to compete with!

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What Nepalese Mountaineers Can Teach You About Business

What Nepalese Mountaineers Can Teach You About Business | Profitable Change | Scoop.it
Sherpas are famous for trekking to the summit of Mount Everest. But one entrepreneur says they have much to teach the business world. (What Nepalese Mountaineers Can Teach You About Business: Sherpas are famous for trekking to the summit of Moun...
Dot Olonovich's insight:

Excellent ideas to think about if you're looking to improve your profitability.

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Humor: The New Scoop.it Helps Professionals to Thrive in a Post-Apocalyptic Business Environment

FOR IMMEDIATE RELEASE..[San Francisco, CA -- December 11, 2012] -- Scoop.it, a leading social media and content curation platform for professionals and businesses, recently announced it’s platform redesign, elements of which focus specifically on...
Dot Olonovich's insight:

For a company with over 5 million unique visitors per month, Scoop.It takes itself seriously with a sense of humor.

 

While this press release may be tongue-in-cheek, the upgrades in this release are designed to both make them more competitive and provide a better social media platform for their users, with a forward look to the coming year. As they say in the article, "Scoop.it has made the platform as user-friendly and efficient as possible to be cognizant of the new pressures that rampant looting and roving groups of motorcycle bandits may cause."

 

Question of the day: Are you preparing to thrive in an increasingly competitive market too?

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Apple CEO Tim Cook softens company image

Apple CEO Tim Cook softens company image | Profitable Change | Scoop.it

Cook's supply chain and manufacturing background may help him to see opportunities that others don't. He's winning friends in the US and abroad with his calm but determined demeanor.

 

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MediaPost Publications Forrester: Marketers Have Touchpoint Interruptus 12/06/2012

MediaPost Publications Forrester: Marketers Have Touchpoint Interruptus 12/06/2012 | Profitable Change | Scoop.it

It's difficult to assess the effectiveness of all of your communication channels.

 

Consistent marketing messaging integrates with your sales process!

 

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Currency woes - What to do when a penny costs 2 cents to manufacture.

Currency woes - What to do when a penny costs 2 cents to manufacture. | Profitable Change | Scoop.it

If a penny costs two cents to make, and a dime costs eleven cents, what would you do? In an effort to cut costs, congress is considering replacing $1 bills with coins.

 

There are just two problems. First, you should give people what they want, and regardless of what people in England like, we here in the US love our $1 bills. No one wants those stupid coins.

 

Secondly, the Mint is looking at the total costs of producing money. If you look at each coin and bill as a product line, it's clear that pennies and dimes are not pulling their weight.

 

As an alternative, the Mint should look at improving the durability of the bills. Paper technology has advanced a long way, and if asked, I'm sure the paper industry could find ways to easily double the life span of our beloved Benjamins.

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How to Use Sentence Stems to Solve Your Profit Problems

How to Use Sentence Stems to Solve Your Profit Problems | Profitable Change | Scoop.it

You can find dozens of ways to improve profitability, simply by using this sentence stem and applying the ideas in this article for a few minutes a day:

     "I would be more profitable if I..."

 

What a simple way to solve all kinds of business problems! Thanks to Ann at www.logicalwriters.com for suggesting this link.

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Bank of America shelves plan on new fees: WSJ - Reuters

Bank of America shelves plan on new fees: WSJ - Reuters | Profitable Change | Scoop.it

There is a fundamental flaw in Bank of America's thinking. We should ask ourselves how we can best serve our customers profitably, not how we can get rid of customers who we feel are dead weight. In my upcoming book about using Free products and services to drive profitability, I explain that you need to drive down the costs of providing the Free service by systemizing and streamlining, while creating paid offerings people actually want.

 

I also don't believe for a second that it costs them a couple hundred dollars a year to maintain low balance accounts. The digital and administrative costs are close to zero. This is a terrible way to do business!

 

Bank of America - Ask your customers what they want to pay for and give it to them. You should be in the business of building relationships, not eliminating them.

 

"The bank is looking for ways to cut losses it takes on the 20 percent of customers who keep modest balances on deposits and do not use credit cards, mortgage loans and other products. They generally have under $50,000 in yearly household income, costing the bank on average a couple hundred dollars annually, the Journal reported."

 

 

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Middle School Leadership Lesson: I DARE YOU TO FAIL!

Middle School Leadership Lesson: I DARE YOU TO FAIL! | Profitable Change | Scoop.it
Often times, we spend so much energy on trying to not fail, that we fail at everything. Middle School Leadership Lesson I was watching a basketball coach work with some 7th grade boys.  This team w...
Dot Olonovich's insight:

Thomas Edison built his success on 10,000 small failures. Now that's a solid foundation!

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College Degree Required by Increasing Number of Companies

College Degree Required by Increasing Number of Companies | Profitable Change | Scoop.it
These days, Busch, Slipakoff & Schuh, a law firm in Atlanta, hires only people with a bachelor’s degree — no exceptions. And it is far from alone.

Via Karl Wabst
Dot Olonovich's insight:

Hiring managers: Don’t fall into this trap. Improve morale by placing new hires in positions that suit their expertise and experience. To increase the energy level in your company, give young workers the opportunity to engage:

 

  *  Recognize the value of a recent college education – today’s business students are informed about how businesses should be run from end to end. Ask them for ideas.

  *  Start people at a level that recognizes the effort they’ve put into life. To do otherwise is to devalue them.

  *  Encourage passion. The office can use a little enthusiasm.

  *  Build relationships. You have more in common than you realize.

  *  Balance accountability with freedom. Reduce the number of controls to what is strictly necessary to lessen the time needed for administration. Package up creative endeavors in project work that young workers can work on more independently.

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Karl Wabst's curator insight, February 20, 2013 1:04 AM

This article runs counter to the many I have seen lately claiming companies are considering non-degree holders and the self-educated who attend MOOCs - Massive open online courses instead of holders of a degree. Curious where the truth lies.

Dot Olonovich's comment, February 20, 2013 9:37 AM
Hi, Karl – Thanks for scooping this article. Having taught at Lehigh during my grad program, I have to say... the truth is that many of today's college graduates know far more about business and are more educated than their bosses. That said, getting a normal entry level position can be painful enough. Having to be a courier would be brutal. As an employer, you are not getting extra value from new employees with a bachelor’s degree if you are marginalizing them in positions where they have no input. Expertise, regardless of how it was obtained (at great expense or for free), should count toward “working your way up”. This is a terrible trend!
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So Much for Qualifications: Employers Hire People They Like | TIME.com

So Much for Qualifications: Employers Hire People They Like | TIME.com | Profitable Change | Scoop.it
A new study suggest likeability may be more important than ability in getting a job, especially at the highest echelons.
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Despite Hurricane Sandy, jobs report shows major growth | Central Penn Business Journal

Despite Hurricane Sandy, jobs report shows major growth | Central Penn Business Journal | Profitable Change | Scoop.it
Growth in the nation’s labor market far exceeded forecasts last month, a signal that businesses are proving resilient through the disruption caused by Superstorm Sandy, the monster hurricane that punished the East Coast and disrupted that key...
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Booz & Co reports that bad strategies lead to huge losses

Booz & Co reports that bad strategies lead to huge losses | Profitable Change | Scoop.it

According to Booz & Co, strategy is the number one cause of large drops in shareholder value.

 

The main challenge in strategic change is managing the benefit.

 

Oftentimes companies want to use strategic change to benefit the company. Ideally, strategic change should be made in order to benefit the _customers_, and in consideration of benefits to the compay.

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5 Tips for Pitching the Media

5 Tips for Pitching the Media | Profitable Change | Scoop.it
If you’re pitching a story that you wouldn’t read, don’t bother pitching it. That was the advice from a panel of reporters speaking to an audience of PR practitioners. The panelists shared their ti...
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Entrepreneurs: Vacations are good for profits

Entrepreneurs: Vacations are good for profits | Profitable Change | Scoop.it

Business owners need to take vacations to gain fresh perspective, new ideas, and enthusiasm for the work ahead.

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Google's New Shipping Acquisition Makes It Pretty Clear That It's ...

Google's New Shipping Acquisition Makes It Pretty Clear That It's ... | Profitable Change | Scoop.it

Google is not just organizing information anymore. Why has the company acquired BufferBox? In one word: opportunity. "BufferBox is a kiosk that can be placed in local venues around the nation for self-service parcel pick-up."

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