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Rescooped by Joe Urban from Business Brainpower with the Human Touch
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One of the Best Business Model Innovation Stories We've Ever Seen

One of the Best Business Model Innovation Stories We've Ever Seen | Protection | Scoop.it

Warren Buffett once said, “If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.”

By Buffett’s reckoning, then, Marlin Steel had a terrible business 10 years ago.

 

In 2003, Marlin made $800,000 selling wire bagel baskets, and it was sinking fast because of newfound competition from Chinese factories, which were selling bagel baskets for $6--half of what Marlin’s baskets cost. “Marlin’s customers were switching to save $200 a store. And Marlin would never be able to match its Chinese competitors on price,” reports Charles Fishman in Fast Company.

 


Via The Learning Factor
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The Learning Factor's curator insight, January 22, 2014 5:49 PM

This niche U.S. manufacturer fended off foreign competition by radically reshaping its pricing and customer base.

Renzogracie academy's curator insight, January 23, 2014 7:09 AM

1.       mixed martial arts Brooklyn

 Mixed Martial Arts Brooklyn is a MMA academy which provides the skills of kickboxing, wrestling, and fighting to the people of every age with their own experience and help to improve their physical fitness and health standards up to larger extent.

http://renzogracieacademy.com/the-primary-mission/

 

Scott Davidson's curator insight, January 23, 2014 8:38 AM

The importance of asking critical questions:

- What job are you hiring this product/service to do?

Rescooped by Joe Urban from Restaurant Marketing News, Ideas & Articles
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Behind the credit chip curve, US playing catch-up with Canada, rest of world ... - Buffalo News

Behind the credit chip curve, US playing catch-up with Canada, rest of world ... - Buffalo News | Protection | Scoop.it
Behind the credit chip curve, US playing catch-up with Canada, rest of world ...
Buffalo News
“They're as common as can be in Canada,” said Scott Crain, general manager of the Tex R Cana Roadhouse and Barbeque restaurant in Fort Erie, Ont.

Via Craig Aberle
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Craig Aberle's curator insight, January 3, 2014 12:06 PM

Hackers focus on US merchants because we are still using magnetic cards instead of EMV and are easy targets!  EMV will not completely stop hacking but is a major step in the right direction.