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Triple A Learning IB Blogs

November 22, 2010

Time for change – Buzz Lightyear, the straddling bus and the teacher terminator

The latest edition of Time magazine features its 50 best inventions of 2010.   Within its covers are some of those potential life changing ideas that we all crave and some that we may not. It is pleasing to see that this blog is ahead of the game with the Chinese straddling bus, featured in a recent post, earning a place among the top 50 innovations. One potential fly in the ointment is a rather colourful androgynous bot – robot that is – set to teach English in 18 South Korean schools. Is the red-lipped, punk hair-styled android set to replace the human teacher in the classroom? Although it is clear that new technologies in the classroom will revolutionise the way we teach, one wonders if a robot could assimilate the learner profile … oh yes – one of the other top 50 inventions is a piece of software that can detect sarcasm in computer text.

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November 17, 2010

The eureka moment: sharing the space of creativity.

Filed under: Business & Management — Tags: , , , — Paul Clark @ 12:22 am

Steven Johnson is the best-selling author of six books on the intersection of science, technology and personal experience and has nearly 1.5m followers on Twitter.  His most recent book, Where Good Ideas Come From, examines the sources of innovation.  Johnson’s view is that innovation is often seen as the preserve of the solitary individual genius working in a laboratory, who has a Eureka moment and discovers the new miracle cure or process to solve a long-standing problem. Though this may happen in rare cases, Johnson believes this is very much the exception rather than the rule.

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November 8, 2010

Marketing the brave new world

There are many variables that underpin the success or failure of new product ideas. Only a minute number of products in the product development process even make it to a full market launch and the majority of these will fail in the market within two years.

One of the variables that contributes to a successful product is some innovation or a unique selling proposition that allows the product to stand out in a crowd. This USP is likely to relate to new technology in function and/or design. The timing of the launch is crucial as products need to match customers’ present needs, but not run ahead of the market. All IB students will know that firms need to be customer oriented, but the question is – which customer?

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The spread of the mystery ‘teaser’ virus

Filed under: Business & Management — Tags: , , , , — Paul Clark @ 1:40 am

‘Teasers’ are a commonly used form of promotion employing a series of cryptic advertisements preceding a larger campaign for a product launch or event. The teaser campaign generates interest and buzz by initially keeping secret what the firm is about to sell and focuses on the human desire for mystery and suspense.

One of my first recollections of a teaser campaign was that conducted by Cadbury before the launch of its Wispa bar in the early 1980s. Adverts started to appear with the single phrase, ‘Have you heard the Wispa?’, but keeping the product a secret. This raised considerable interest in the press and was considered an inventive way to gain both customer Attention and Interest, the first two stages of AIDA; the acronym summarising the sales process of ‘Attention, Interest, Desire and Action’ (E. K. Strong 1925). Certainly, one way to capture attention is to surprise the customer with something novel and intriguing. Once the customer’s attention has been captured, the firm can maintain interest by a ‘drip drip’ campaign slowly revealing the true nature of the product while retaining the element of mystery. What perhaps has changed since the iconic Wispa campaign is that the mystery of the teaser can be multiplied many fold through the use of the web and the creation of viral marketing campaigns.

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October 11, 2010

Fading looks and passing fancies

Today’s ‘must have’ is potentially tomorrow’s dead duck in the toy world. Consequently, toy manufacturers fight it out to gain market share and to protect their intellectual property against the advances of their rivals on battlefields reminiscent of Toy Story.

Possibly one of the fiercest battles of recent years is the ongoing war been between Mattel and its Barbie doll and MGA manufacturer of the rival pouting Bratz. In December 2008, Mattel convinced a federal judge that Bratz designer Carter Bryant developed the concept for the dolls while working for Mattel. District Judge Stephen Larson ordered MGA stop manufacturing Bratz and remove the toys from toy shop shelves. Mattel were awarded $10 million for copyright infringement and $90 million for breach of contract.

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October 3, 2010

It seems so obvious… (2)

For years Asian manufacturers were accused of a lack of innovation. Japan’s economy expanded on the back of  ‘me-too’ products – taking existing ideas, rationalising their production and then using mass production and new technology to lower the price. Japanese vehicles and electronics flooded western markets. Toyota’s production system of continuous improvement (Kaizen) ensured that Japanese manufacturers grew from strength to strength and stayed ahead of the competition. Chinese meanwhile based its economic development on low value, mass produced products.

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It seems so obvious… (1)

Innovation always sounds so complicated. However, when we see new goods or services advertised in the media, it is tempting to think that anyone could have thought of the idea. Many new products are, indeed, quite uncomplicated and well… so obvious. Therefore, the question has to be asked – why hasn’t the idea been developed or marketed earlier?  There is clearly a mixture of reasons, but often a major factor is because entrepreneurs simply do not see a business opportunity.

So what makes good innovation? Surely, it is finding a product that meets consumers or societal needs and one which can be manufactured and sold at a profit.  It is one thing to devise a prototype – it is another to develop and market it successfully. The constraints are often those which beset many business – those of manufacturing limitations, poor economic conditions, a lack of finance and competing for ‘space’ in a crowded market.

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September 19, 2010

The business of ageing

There have been some recent news stories that, within 50 years, scientific advances may be such that human illness will be all but eliminated. Indeed, some scientists believe that human immortality is achievable within a few decades, while others believe that life extension is a more achievable goal in the short term. Of course, the absence of ageing would provide humans with biological immortality, but not invulnerability to death by injury, impact or global ‘Armageddon’. Although the idea of immortality may sound inviting to those of us closer to the ‘university of third age’ than university, the current economic and social problems created by rising population would be magnified unimaginably  – what would it mean for childbirth for example?

Population ageing is an international concern, because of consequences of coming age-structure changes, e.g., growth in the number of elderly, decline in the number of youth, and accompanying economic and social costs, such as pensions and medical care. For those of a brave disposition, you may wish to calculate your life expectancy on one of the many sites that offer such calculators; one of which can be found here.

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