The Bank of Japan Can’t Jump-Start Inflation
On May 29 the Japanese government announced that the country’s consumer prices were unchanged in April from a year earlier, calling into question the power of the central bank’s effort to drive prices upward. The BOJ is acting a bit like a hedge fund, trying any investment to achieve its goal of raising inflation to 2 percent. It’s snapping up not only government bonds but also exchange traded funds, corporate bonds, real estate investment trusts, and venture capital loans—anything to put more money into lenders’ and investors’ hands so they can lend and invest more. “The BOJ deserves the most aggressive award among central banks,” says Yasuhiro Takahashi, a senior economist at Nomura Securities.
The latest consumer price report underscores the difficulty of the central bank’s task. BOJ Governor Haruhiko Kuroda doubled down last October and expanded his policy, formally known as quantitative and qualitative monetary easing. The central bank pledged to raise the monetary base from 60 trillion yen ($482 billion) a year to 80 trillion yen to give banks more money to lend.
The heroic effort has driven the Nikkei 225 Stock Average to a 15-year high and the yen down to almost a 12-year low against the dollar. Although that’s delighted stock investors and big exporters such as Toyota Motor and Shiseido, it hasn’t moved the needle on overall growth or inflation. A majority of 36 economists surveyed by Bloomberg see the BOJ beefing up its program by late October, when it’s expected to update its inflation forecast. If that’s less than 2 percent, the bank will pile on extra stimulus.
Nomura predicts the central bank will switch its focus from bonds to stock purchases next spring, betting a bull market might more effectively stimulate consumer spending. The brokerage sees the BOJ doubling its ETF purchases, to 6 trillion yen, while announcing plans to taper its bond purchases.
Kuroda has said that the plunge in oil prices in the short term delayed progress on generating inflation and that rising wages will engender growth, consumer spending, and higher prices. “It’s really too early to say Kuroda’s easing didn’t work,” says Takahiro Sekido, a former BOJ official who’s now a strategist at Bank of Tokyo-Mitsubishi UFJ.
Japan faces structural challenges, given its aging, shrinking population and its debt burden, the biggest in the developed world. “The BOJ’s policy has been and must be more ambitious,” says former Fed Vice Chairman Donald Kohn, now at the Brookings Institution. “It’s not going to be easy to break expectations [of deflation] that have been entrenched over the decades.”
Fiscal conservatives question the BOJ’s bond-buying, which soaks up about 90 percent of all new government bonds issued to keep long-term rates low. If long-term rates returned to their historical average of 3 percent, from 0.4 percent now, the higher interest payments would push the budget deficit from 8.5 percent to 13 percent of gross domestic product, according to the Organisation of Economic Co-operation and Development. “The BOJ is approaching its limit in bond purchases,” says Nomura’s Takahashi.
Kuroda continues to enjoy the steadfast support of Prime Minister Shinzo Abe, who picked him to run the BOJ in 2013. Abe, though, has so far failed to deliver on the promised labor, tax, and regulatory reforms that economists say are needed to get Japan back on track. Monetary firepower alone won’t revitalize the economy.
The bottom line: If long-term rates return to a more normal 3 percent, Japan’s budget deficit could rise to 13 percent of GDP.
Before it’s here, it’s on the Bloomberg Terminal. LEARN MORE
Master of Science in Business Analytics
Big data is big business. Earn the degree that puts you in high demand.
The 15-month Master of Science in Business Analytics is designed for students who want to pursue or advance their career in the growing field of business analytics. Background knowledge or experience in business analytics is not required.
The Master of Science in Business Analytics is offered through Mercer’s Atlanta campus in a flexible hybrid format that offers convenience for busy working professionals:
- 15-monthprogram beginning in January
- Cohort model that fosters collaboration and networking
- Hybrid format combines Saturday classes with online meetings
Stetson School of Business and Economics also offers a Certificate Program in Data Analytics.
The Master of Science in Business Analytics curriculum focuses on developing an understanding of the performance of an organization through data and statistical methods. Students learn to become effective analysts and informed users of big data through examination of several key topics:
- Statistical modeling
- Data management
- Information security
- Online analytical processing (OLAP)
- Fact-based management to drive decision-making
Students enrolled in the Master of Science in Business Analytics program understand the need to interpret and analyze big data to inform effective decision-making. Students are experienced in their industry and are seeking an advanced degree in a highly sought-after skill set. A structured curriculum and Saturday class schedule are attractive for the busy leader who has a varied week-day schedule. The average age is 38 years old with 16 years of work experience.
Students come from diverse backgrounds, including:
- Financial services
- Information Technology
Individuals who successfully complete Mercer’s Master of Science in Business Analytics degree program can go on to work as business professionals in positions including: credit analyst, data scientist, quantitative marketing analyst, web analyst, social media strategist, risk manager, data warehouse analyst, healthcare data analyst or pricing strategy analyst.
Applicants for the Master of Science in Business Analytics program must hold a bachelor’s degree with a qualifying grade point average from a regionally accredited institution; a major in business is not required.
Submit all of the following items to complete your application to the program:
- Stetson School of Business and Economics Application for Admission
Begin application now
- $50 Non-refundable Application Fee ($100 for international applicants)
Submit the required application fee in the form of a check or money order made payable to Mercer University .
- Official GMAT or GRE Test Score
Applicants must take the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE) and achieve a qualifying score. Applicants holding a graduate degree from a regionally accredited college or university or an equivalent international graduate degree may waive the GMAT requirement. Unofficial copies of the score report may be included with the application for initial review and evaluation, but an official score report will be required for applicants who are offered admission.
- Transcripts from All Previously Attended Institutions
Submit an official transcript from each college or university previously attended. Former Mercer University students are not required to request a Mercer University transcript.
Transcript Request Form
- Current Résumé
Submit all application supporting materials to:
Stetson School of Business and Economics
Office of Admissions
3001 Mercer University Drive
Atlanta, GA 30341
Admission decisions cannot be made until all application materials have been received. International students have additional requirements.
Priority Application Deadlines*
Round 1 – Apply by August 15; Decision by October 1
Round 2 – Apply by October 1; Decision by November 15
Round 3 – Apply by November 15; Decision by December 15
*Students will be admitted on a rolling basis prior to the start of the fall semester.
Classes begin each January.
Additional Program Costs and Benefits
- All students are charged a technology fee.
- Campus parking is free.
- Students enrolled in an online program enjoy full access to campus facilities, including computer labs, library, fitness center and indoor Olympic pool.
Students enrolling in the M.S. in Business Analytics can take advantage of federal and/or private loan programs to assist with covering the costs of tuition. Mercer University’s Office of Student Financial Planning is equipped to provide up-to-date information on financial assistance available to graduate students via federal loan programs.
MBA.com . the official website of the GMAT, offers additional resources related to financing your degree.
Non-U.S. citizens or students who graduated from a non-U.S. university must also complete the following requirements to be evaluated for admission:
- Evaluation of Foreign Credentials
Applicants who completed all or part of their education abroad are required to have their foreign educational credentials evaluated by an independent evaluation service. A Course-by-Course and Grade Point Average Equivalent Evaluation is required for admission. You must submit an official sealed copy of your evaluation with your application materials.
Exception. A TOEFL score is not required of international applicants who have attended another U.S. institution and completed freshman English Composition I and II with a grade of C or higher.
The biggest challenge today s burgeoning companies face is understanding the difference between sales and Business Development (BD). Many companies think they are the same, and as a result they struggle with embracing the BD mindset. In fact, corporate executive titles such as VP of Sales and Business Development clearly demonstrate that some companies do not know the difference, as they have salespeople attempting to manage their BD effort. They treat it no differently than a sales effort and build their operations and incentives as though BD was a sales function. That is why their efforts always have failed results. To be successful at BD, keep the following points in mind.
1. In a BD Deal, Everything is Different
The first step is to acknowledge that there is a difference between sales and BD. While BD helps accelerate sales, BD is not sales.
In sales, there is a transaction—goods are exchanged for dollars. There is no transaction in a BD deal. In BD, you are not selling tangible products and services to another company. You are proposing a partnership in pursuit of bigger untapped opportunities. In fact, BD is the polar opposite of sales.
The BD mindset is about selling a vision of the future to an industry giant—your sumo partner—with whom you wish to collaborate. It is about defining what you and your partner can do together that neither of you are doing today in order to better serve your current and future customers. In turn, this means exponential revenue growth for both companies.
The biggest difference between sales and BD is in the dynamics that exist around selling (which is focused for revenue growth today) versus BD (which is focused around growing your revenue through strategic relationships for tomorrow). Since BD is not sales, your interaction with your potential sumo partner is not governed by a sales transaction—you are not fighting for a signature on an invoice because there is no exchange of goods for money.
2. Clarity in a BD Deal Can be Your Biggest Downfall
Marketing communications experts tell you that in business, the clearer you are about your message, product or service, the more successful your company will be. While this may be true in a sales environment, the exact opposite is true in BD.
In BD, the right amount of ambiguity can be your greatest strength. Strategic ambiguity is your goal during the BD pitch process and throughout most of the negotiation phase. As you are presenting your vision for a partnership with your potential sumo company, the last thing you want to do is to be overly specific about what you are proposing. You may think that this contradicts everything you have heard from sales and marketing gurus. Exactly! That s because BD is the polar opposite of sales.
Remember, in BD it is about identifying how the two companies come together to create the greater opportunity. Ambiguity is critical when positioning the sumo for the deal because it accomplishes two goals. Ambiguity entices your potential sumo to want to learn more, and it protects your BD strategy. By withholding specifics in the courting process, it minimizes the possibility of your potential partner to say “no,” and it protects your company from collateral damage should your potential partner go to your competitor. They cannot use your BD strategy against you if they do not have all the details. That’s why clarity can be your biggest downfall at this stage. Ambiguity, however, holds everyone’s attention. By holding back information, rather than disclosing your coveted BD plan, you keep them engaged.
3. Reel in the Big Fish
Think of the BD process in fishing terms. When reeling in a big fish, you want to attract its attention with some bait—something very attractive. Once the fish decides to take a nibble, your goal is to get it on the line without breaking the line. If the line breaks, you have a “no.”
Keeping the line intact takes sharing bits and pieces of details about your deal’s potential. In fishing terms, this process of drawing the fish near is called “chumming.” You need to let up a little to give your sumo partner (or fish) time to go away and assess what this deal would mean for their organization. Then you check in and drop another detail that piques their interest, all the while driving them toward the boat where you’ll catch them in a net. What you don’t want to do is put some tasty bait on the line and then start reeling in the line as fast as you can before they’ve even come close enough to sink the hook. That’s a sales approach, not a BD strategy.
Partners need enough information about the proposed project to be interested, but if you overwhelm them, they will start swimming in the opposite direction. Then you are left with nothing and the fish is still in the water and is still hungry—and still open to tasting bait dangled by other anglers. The only thing worse than a sumo walking away from your deal is that same sumo deciding to partner with your largest competitor. That is why you need to keep your BD strategy close to your chest. If you unfold the details early in the game, then your sumo can shop around to the competition. So keep the information vague until you have the fish on the line, virtually swimming toward the waiting boat as you lead it along.
Use the BD Effort to Grow Sales
While sales and BD are polar opposites in terms of how each achieves its goals, BD helps grow sales by giving the sales effort a unique and distinct advantage. In BD, there isn t a transaction that governs the relationship, nor is BD governed by an invoice or a contract. However, the BD deal will monumentally grow the revenue of both companies far beyond that of what any gorilla sales effort alone can achieve.
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16 million color pen can match its ink to the shade of any real
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16 million color pen can match its ink to the shade of any real world object
Scribble is a pen that can scan the color of any object and immediately begin drawing in that color.
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While the 3Doodler has already enabled users to draw new objects into existence with just a pen and some 3D printing technology, translating the qualities of physical objects into digital materials is a bit more tricky. Scribble is a pen that can scan the color of any object and immediately begin drawing in that color.
The pen features two ends — one with a nib and one with a scanner. Users can press the scanner against any surface to capture its color, which is translated into a six-character hex code that stores its RGB value. The pen also features five refillable cartridges that are made up of cyan, yellow, magenta, black and white inks. When an object is scanned, the pen mixes the right amount of each ink to replicate its color and enable users to immediately draw in it. Alternatively, the pen can be connected to a device via Bluetooth or micro USB and the color can be used for digital work, while a stylus version of the device is also available for drawing tablets and touchscreens. Scribble s sensor can detect up to 16 million colors, and up to 100,000 scanned colors can be stored on the pen at any one time.
The pen is set to retail at USD 149.95 and the stylus at USD 79.95, with the team preparing a Kickstarter campaign in the near future. Are there other ways to bring digital capabilities into the physical world?
3D-printed makeup is created from color hex codes
AR app brings kids’ drawings to life
3D printing pen that can draw real objects into existence raises over USD 2m on Kickstarter
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The Business of Data
More and more organisations are collecting and storing vast amounts of data. Yet for all the excitement generated by the potential of this data to transform business models—turning it directly into cold, hard cash can prove difficult.
Despite the obvious benefits of using superior data to drive value-added marketing strategies, companies are facing many barriers, including regulatory uncertainty, consumer privacy issues, security concerns and budget constraints. So while the possibilities of digital disruption and big data are endless, companies need to think very carefully about how to execute their plans to avoid some common pitfalls.
This EIU report examines how companies are positioning themselves to benefit directly from the wave of opportunities offered by fast-evolving data technologies. It is based on a cross-industry survey of 476 executives based largely in North America, Europe and Asia on their companies’ data plans and practices, as well as insights from the leaders of organisations at the forefront of the emerging data industry.
Read report in English | 日本語
#new business opportunities
Unit of Study
Business opportunity and strategy design assignment (35%), start up financials (15%), group business plan (20%), presentation (25%), peer review (5%)
For small open economies such as Australia’s, new business opportunity identification and exploitation are often critical to firms’ long-term growth and survival. Identifying new markets, developing new products and implementing new business models are highly-regarded and valuable skills for entrepreneurs and business managers alike. In addition to exploring the special problems (and advantages) associated with entrepreneurial start-ups, the unit explores commercialisation and corporate venturing. Topics include opportunity recognition, strategy development, business planning and investor documentation, venture capital and other funding sources, as well as entrepreneurial and creative leadership. The unit is structured around learning from engaged practice, and requires students to work with startup and early stage businesses.
2002-2016 The University of Sydney. Last updated: 2 May, 2016
ABN: 15 211 513 464. CRICOS number: 00026A. Phone: +61 2 9351 2222.
#best business phone
The 4 Best Business Internet Service Providers
When searching for the best business Internet service provider, there are several factors about your Internet usage that you must consider. Price, availability, and speeds are the most obvious factors to think about, but it is also a good idea to determine how many people use the Internet at once and what they use it for on a daily basis. The number of web users and different types of web activity have an impact on your actual Internet speeds. If you re also interested in getting phone service at your business, it may be smart to look for an Internet company that offers discounts when you bundle phone with your Internet.
Verizon FiOS Internet is ideal for businesses that require extremely fast Internet solutions. Their 300 Mbps download speed is far and away the best in the industry at the moment, and their 65 Mbps upload rates should be more than enough for most businesses. Prices are slightly higher than what competitors offer, but the speeds available at Verizon are unmatched anywhere and can be highly desirable for some businesses. However, if price is a major concern, you can often save money by signing a two-year contract with Verizon Wireless, or by purchasing phone service in a bundled deal. An Internet subscription with Verizon also gives you access to Wi-Fi hotspots all over the country, which could be extremely useful if you travel frequently for work. If any of these services match your business needs, it would be smart to look into Verizon FiOS Internet.
AT T s U-verse® Internet rounds out the list of best business Internet providers for their fair pricing. Their speeds are considerably slower than the other companies on this list, and they require a one-year commitment with all of their plans. However, their prices are also far more affordable than many other Internet providers, and if your business is smaller, their 24 Mbps top download speed could be all that you need. They also offer some excellent choices for bundle deals, as they offer several different solutions tailored to different kinds of businesses. Most of their plans include both phone and Internet services, while some also throw in data backup, remote tech support, or even a smartphone. If any of these solutions sound like a match for your business, take a closer look at AT T s business Internet services.
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13 BEST BUSINESSES IN EUROPE NAMED OUT OF 24,000
13 BEST BUSINESSES IN EUROPE NAMED OUT OF 24,000 WINNERS OF 2014/15 EUROPEAN BUSINESS AWARDS PROGRAMME CROWNED AT GALA EVENT IN LONDON
LONDON: EUROPE s best businesses are celebrating after being named winners in the 2014/15 European Business Awards, sponsored by RSM, at an exclusive awards ceremony in London last night attended by leading business leaders, politicians, ambassadors and academics from across Europe.
The winning businesses have achieved their success after 16 months in the largest, and one of the toughest, business competitions in Europe, which this year attracted over 24,000 businesses and generated over 170,000 votes from the public.
Business VIPs presented trophies to the 11 category winners of the competition, as well as the European Public Champion , and the recipient of a Lifetime Achievement Award.
Adrian Tripp, CEO of the European Business Awards, added: These brilliant businesses are the best of the best. They are adapting, innovating, achieving financial success and creating strong growth opportunities. Together they are forging a stronger business community in Europe and creating a better future for us all.
Jean Stephens, CEO of RSM, the 7th largest network of independent audit, tax and advisory firms, said: “The calibre of this year s competition finalists is outstanding. The extraordinary entrepreneurialism, innovation and business success demonstrated by the Ruban D Honneurs and the overall category winners shows how much can be achieved in challenging market conditions. At RSM, we believe it is important to champion business excellence as successful and thriving companies are an integral force in driving growth and stimulating economies. All those involved are a credit to their country and we wish them every success for the future.
The 11 category winners went through a process of written submissions, video entry judging and face-to-face interviews, and were shortlisted as one of 709 National Champions and 110 Ruban d Honneur recipients before reaching the final. In the 2014/15 competition, all EU member markets were represented plus Turkey, Norway, Switzerland, Serbia and the Former Yugoslav Republic of Macedonia. The combined revenue of the entrants exceeded 1.5 trillion, and together they generated profits of over 60 billion and employ over 2.5 million people.
Supported since their inception by lead sponsor and promoter RSM International, the European Business Awards is now in its 9th year and its primary purpose is to support the development of a stronger and more successful business community throughout Europe.
For further information about the European Business Awards, its winners and RSM please go to www.businessawardseurope.com or www.rsmi.com.
The RSM Entrepreneur of the Year Award – BMZ Germany
The UKTI Award for Innovation – ALMAC GROUP UK
The ELITE Award for Growth Strategy of the Year – ANTARES VISION Italy
The Award for Environmental Corporate Sustainability – SAMHALL Sweden
The Award for Customer Focus – NOTTINGHAM CITY TRANSPORT UK
The Employer of the Year Award – MERCEDES-BENZ FINANCIAL SERVICES TURKEY Turkey
The Import/Export Award – AUSA Spain
The Business of the Year Award [turnover 0-25m] – DOK-ING Croatia
The Business of the Year Award [turnover 26-150m] – CLINIGEN GROUP UK
The Business of the Year Award [turnover 150m+] – TOMRA SYSTEMS ASA Norway
The European Public Champion – UTILITY WAREHOUSE UK
The Chairman s Selection Award – BARON DE LEY Spain
The Lifetime Achievement Award – SIR JOHN MADEJSKI UK ENDS
For further press information, please contact:
About the European Business Awards:
The European Business Awards primary purpose is to support the development of a stronger and more successful business community throughout Europe. For all of the citizens of Europe, our prosperity, social and healthcare systems are reliant on businesses creating an even stronger, more innovative, successful, international and ethical business community – one that forms the beating heart of an increasingly globalised economy.
The European Business Awards programme serves the European business community in three ways:
It celebrates and endorses individuals and organisations success
It provides and promotes examples of excellence for the business community to aspire to
It engages with the European business community to create debate on key issues
The European Business Awards is now in its 9th year. It attracted over 24,000 businesses to the competition last year and in the public vote generated over 170,000 votes from across Europe. www.businessawardseurope.com.
About RSM International
RSM is the 7th largest network of independent audit, tax and advisory firms, encompassing over 112 countries, 700 offices and 37,400 people internationally. The network s total fee income is US$4.4 billion. RSM is the 6th largest provider of tax services and audit and accounting services worldwide.
RSM is the lead sponsor and corporate champion of the European Business Awards promoting commercial excellence and recognition of entrepreneurial brilliance.
RSM is a member of the Forum of Firms. The objective of the Forum of Firms is to promote consistent and high quality standards of financial and auditing practices worldwide.
RSM is the brand used by a network of independent accounting and advisory firms each of which practices in its own right. RSM International Limited does not itself provide any accounting and advisory services. Member firms are driven by a common vision of providing high quality professional services, both in their domestic markets and in serving the international professional service needs of their client base. www.rsmi.com
About UK Trade Investment:
UKTI works with UK based businesses to ensure their success in international markets through exports and encourages and supports overseas companies to look at the UK as the best place to set up or expand their business. www.gov.uk/ukti
ELITE is an integrated service designed to help SMEs prepare and structure for the next stage of growth through access to long term financing opportunities.
ELITE targets SMEs with a sound business model, clear growth strategy and a desire to obtain funding in the near future.
ELITE offers an innovative approach, including a training programme, a working zone supported by a tutorship model and direct access to the financial community through dedicated digital community facilities. It is capital neutral to any financing opportunity, providing access to Private Equity and Venture Capital Funds, debt products, etc. ELITE was successfully launched in Italy in 2012 and in the UK in 2014. It now accounts for more than 200 companies of different sizes and sectors, more than 150 partners and more than 70 long term investors. It is a European platform deeply rooted in each domestic market, through partnership with local institutions combined with the opportunity to access international support and advice.
It will be a community of excellence: companies, advisors, investors and stakeholders with an interest in supporting SMEs. The larger the community, the wider the range of business and growth opportunities offered to ELITE members.
About PR Newswire
PR Newswire is the leading global provider of PR and corporate communications tools that enable clients to distribute news and rich content. We distribute our client s content across traditional, digital and social media channels in real time with fully actionable reporting and monitoring.
Combining the world s largest multi-channel, multi-cultural content distribution and optimisation network with comprehensive workflow tools and platforms, PR Newswire enables the world s enterprises to engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients from offices in Europe, Middle East, Africa, the Americas and the Asia-Pacific region, and is a UBM plc company.
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#free business plan
Business Plan Templates
Your business plan is probably the most important thing your startup can work on creating and updating, especially in the first five years. It helps you and your team stay focused on results and then helps you guys persuade potential investors and advisors of how awesome your business is. That’s why we’re offering you free business plan templates to help you automate the process and to focus on the parts that count, not the formatting, copy-pasting and legal mumbo jumbo.
Remember, the most important part of your is presenting your team as an experienced, cohesive group of entrepreneurs that is more than capable of building a business that’s successful in the long-term. Include examples of how you have each of you has experience managing a team, finances, marketing and/or sales. Feel free to put a face with the name by adding headshots and prove that experience by including LinkedIn profiles and add CVs or resumes to the addendum.
Next, once they are convinced with your team, potential investors are going to want to take a long hard look at your financial plan. Each template includes spreadsheet samples with automatic formulas and examples each of: a Cash Flow spreadsheet, a Break-Even Analysis Spreadsheet, and a Profits and Loss Analysis with Graph. Each sample was developed by lawyers who have written business plans for successful entrepreneurs. And we had an awesome economist design these easy-to-complete financial plans.
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Any early stage startup could use this subscription agreement template as a free sample to outline the agreement in which investors offer payment for equity and shares in your budding business.
This free budget proposal template is perfect for both a small business or a nonprofit to outline funds used for investors and donors.
We offer you the steps and the tools to create a fantastic business plan. Attract investors with this sleek and free startup business plan template.
Think you have the solution for local tourism? Kick off your hotels empire with this free hotel business plan template to assure investors and guests.
You’re ready to go out on your own to share your fabulous breads and pastries with the world. This free bakery business plan template is just what you need to get going.
Looking for investors and permits for your new cafe? Use this free Coffee Shop Business Plan Template to get all your cups in a row.
Always dreamed of starting a restaurant? This free restaurant business plan template is your first step in making your dream a legal, planned reality.
This free grant proposal template not only helps you put your most professional foot forward, it offers you loads of tips to make your project shine.
Your potential investors are spending the most time reading one part of your business plan. Use this executive summary template to make your business idea shine.
Use this free financial funding proposal template to present your organization as responsible and worthy of funding.
This business plan template is a great tool for your startup to customize to reflect your strong qualifications, experienced team, and marketable business idea.
You’re finally ready to open your own salon. This salon business plan template and tips will help guide you how to present your salon as a sound investment.
#innovative business ideas
Reflections on the co-creation of innovative business ideas
From Participation to Collaboration: Reflections on the co-creation of innovative business ideas
Cara Broadley, Katherine Champion, Michael Pierre Johnson, Lynn-Sayers McHattie
The Glasgow School of Art (2), University of Abertay, The Glasgow School of Art
Keywords: co-design methods; knowledge exchange; collaboration; design-led innovation
Design-led innovation interventions are predicated on the importance of establishing complex disciplinary collaborations. This paper reflects on the effects of different co-design methods to support knowledge exchange and the co-creation of new business ideas with multidisciplinary participants. It draws on data collected from sandpit style events entitled Chiasma, undertaken as part of the knowledge exchange hub, Design in Action (DiA) in which co-design methods were used to bring designers, entrepreneurs, and academics together to develop innovative business ideas in Scotland. Employing a thematic analysis of idea generation, team formation, and idea development, we suggest that a more nuanced range of methods, tools, and techniques can strengthen multidisciplinary engagement and participation. We argue that such approaches can be enhanced by designers and researchers’ shifting focus from co-design methods to supporting collaborative mindsets in knowledge exchange towards innovation.
→ download the paper (PDF)
Cite this paper: Broadleya, C. Championa, K. Johnsonb, M.P. McHattiea, L.S. (2016). From Participation to Collaboration: Reflections on the co-creation of innovative business ideas. Proceedings of DRS 2016, Design Research Society 50th Anniversary Conference. Brighton, UK, 27–30 June 2016.
This paper will be presented at DRS2016, find it in the conference programme