Monday
A Quirky way to generate new product ideas
In our blog posts, we have often discussed how necessary it be for companies to continual develop new products. This is particularly true in highly competitive markets where the life cycle of products is often very short. For marketers who rely on new products to keep their business viable, it is imperative they regularly set aside time to discuss potential product ideas.
As we discuss in our Managing Products tutorial, new product ideas come from several sources. The usual starting point is through internal research methods, such as asking customers what products they would like to see or using brainstorming techniques to stimulate ideas among company personnel. Additionally, ideas can come by looking outside the company such as researching products offered by other companies.
Well, it looks like we can add another option to the list of ways to generate product ideas – solicit these over the Internet for everyone to see. That is, ask people to offer their own suggestions for products and let others offer comments. According to this Wall Street Journalstory, one company Quirky.com is taking this approach and is building its product offerings from ideas that are freely suggested by visitors on the company's website. The company then takes these ideas and evaluates possible products using the advice from an online community. For the products chosen, the originator of the idea receives a small percentage of the revenue, while some in the online community can also see funds for the support they offer.
For marketers considering this process, a great advantage is the vast amount of innovative concepts that can be suggested that likely no marketer can generate on their own. However, on the downside a significant barrier for adopting this type of approach for generating ideas is the openness. Everyone in the world can see what the ideas are, and most marketers are not accustomed to publicly sharing their product ideas before a product is marketed. So while this approach works well for this company, it remains to be seen whether this idea generation method will be adopted by many other marketers.
Source: Christ, Paul (2014). A Quirky Way to Generate New Product Ideas. From Blog Postings. KnowThis.com. Retrieved July 07, 2014 from http://www.knowthis.com/1936-a-quirky-way-to-generate-new-product-ideas
Keshi: South African interest seems to be waning in light of scandals under his watch
Before the ongoing World Cup in Brazil, it was almost certain that former Super Eagles coach, Stephen Keshi would not come back to his job with the Nigeria Football Federation.
He walked taller because according to him, there were several tempting and juicy offers on his table to choose from and that of the South African Football Association, SAFA, was almost a certainty.
The NFF on their part, were happy that his contract would also come to an end with the World Cup and had no intention of renewing it.
They had taken so much from Keshi and this time, there would be no turning back.
As Nigerians watch the unfolding drama at the NFF and Nigerian football, we can reveal that Keshi's ''tempting offers" and the much talked about South African deal may not be after all. There are strong indications that the South African Football Association are on the verge of recruiting Iranian coach, Carlos Queiroz over Keshi and that might leave Keshi in limbo.
''Yeah, Keshi has always been in the books of SAFA as well as Queiroz", our South African source said yesterday insisting that the pendulum may have finally moved over to Queiroz after what he did with the Iranian team at the on-going World Cup in Brazil.
Iran considered a whipping team in the Group F that comprised South American giants, Argentina and African Champions Nigeria and Bosnia and Herzegovina turned out to be a thorn on the flesh of the teams with Nigeria scrapping a barren draw with them.
Queiroz a veteran and versatile coach had told the world in Brazil that Iranian football was a sleeping giant that was faced with the challenge of waking from this sleep.
And many people believed that the man who once assisted Alex Ferguson in Manchester United had done a good job to bring Iranian football to the front burner to the extent of challenging Argentina until a late goal from Argentine wizard Messi.
''Keshi was ahead of other coaches but the table has turned and Queiroz is the man of the moment", a source said.
Sources have intimated that issues of money and players' protests may not be unconnected with the sudden change of heart from South Africans who have been monitoring the chaos that saw players skip one training session in Brazil and threatened not to play France unless their appearance fee was paid even though FIFA had not yet disbursed the monies to the various Federations.
That made President Gooluck Ebele Jonathan to send Sports Minister Tammy Danagogo to bring money on a Presidential jet to Brazil before the Eagles played France.
Nigeria also sent wrong signals to the world before the Confederations cup when the players, again under Keshi, threatened a no show if funds due to them were not paid.
There are those who believe, based upon highly reputable feelers that the team officials (coaches) are indeed the ones stoking the fire through the players.
Overall, South African officials are said to be uncomfortable with Keshi's history of contentious relationships with players and FAs of other nations, namely Togo and Mali before his most recent stint with Nigeria, where the same pattern seemed to continue.
It remains to be seen where the former Nigeria captain ends up, but South Africa currently seems an unlikely destination.
Obama administration to fine French banking giant for violating sanctions rules
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| BNP Paribas CEO Jean-Laurent Bonnafe |
BNP Paribas' CEO Jean-Laurent Bonnafe has informed his staff that the French banking giant will be fined heavily by American authorities.
"I want to be clear, we will be punished severely," Jean-Laurent Bonnafe said in the internal memo.
The bank could be fined $8.9 billion for allegedly violating sanctions rules as early as Monday, reports suggest.
The Financial Times and New York Times also report that the bank will, unusually, admit guilt.
The bank is accused of breaking sanctions against Iran, Sudan and Cuba between 2002 and 2009.
"This is good news for all staff and for our clients," Mr. Bonnafe said. "It will enable us to remove the current uncertainties that are weighing on our group. We will be able to put behind us these problems, which belong to the past. "The difficulties that we are currently experiencing must not affect our future plans."There have been months of speculation about the fine, which could force BNP to slash its dividends and issue billions of euros of bonds, reports say.In April, BNP Paribas said it had set aside $1.1 billion to cover the cost of U.S. penalties, but warned that the "amount of the fines could be far in excess of the amount of the provision". The bank's share price has fallen more than 15% since the beginning of April. If the latest reports are correct, the fine could almost wipe out BNP's entire 2013 pre-tax income of about $11.2 billion. Earlier this month, one of the European Union's top officials intervened in the controversy.Michel Barnier, the EU's internal markets commissioner, said any penalty on the giant French bank must be "fair and objective". Reports at the time suggested the fine would be in the region of $10 billion.France's President Francois Hollande has also raised the matter with U.S. President Barack Obama.As part of the deal with U.S. authorities, BNP may be suspended from converting foreign currencies into dollars, reports suggest, which would hit its ability to operate in international wholesale banking markets.Reports say U.S. authorities are keen to make an announcement on the settlement early in the week.
Saturday
Intellectual Capital: Bringing technology to the urban teen
As technological advancements continue to shape both the national and global landscape, a certain group has continually been left behind on this journey of innovation through inspiration. I used the latter term to define the very idea of discovery through the activation of one's intuitive and imaginative senses.... which of course is the defining factor in how technologically advanced a society or a people become.
For far too long, African-American children in particular have been discouraged from the sciences and mathematics. For young black males or females to even phanthom the idea of exploring a career in the technological field or the sciences, would mean to be branded as "trying to be white", unfortunately by their own kind.
Society, on the other hand found it convenient to pidgeon-hole the black child as a budding athlete or entertainer never once even considering the intellectual acumen and intutive dexterity that goes into music production, from the writing of the lyrics to the very art of incorporating various technical and professional nuances into the art of recording, itself.
As an immigrant to the United States, I myself experienced this unfortunate prejudice as I took science, economics and other technical classes, in the course of attaining my educational and professional qualifications. I even had the personal experience of an instructor that asked me if I was cheating as I routinely made mockery of his Organic Chemistry exams at will.
Times have however changed and as America and indeed the world's landcsape continues to be reshaped by technological advancements, African-Americans and other children from economically disadvantaged backgrounds must embrace technology and the sciences.
It is along those lines that Mosaic Blueprint, a Vancouver, Washington based diversity recruiting firm, seeks to encourage young urban kids with its urban technology initiative aptly dubbed the iUrban Teen Tech program.
Sponsored by the likes of Google and NIKE among others, Mosaic Blueprint’s iUrban Teen Academy brings together under-served and underrepresented Teens in an all day, immersive technology event that shares opportunities in a myriad of technical careers.
At these events, attendees will learn about what’s new in the amazing world of technology and preview hands-on, cutting edge products, including mobile applications for students on the go, gaming and much more.
The events are free to attend and participate while presenting children who would otherwise not have the opportunity, an environment that spurs their technological and innovative senses.
Participation in activities of this nature serves to increase the awareness of the children to the dynamic and enlightening world of technology.
In the end, America can only be better off for this as technology remains the one space where an individual's background and formal education hardly matters. Bill Gates and Steve Jobs were both college drop-outs and they both have gone on to shape the world in ways they probably never envisioned, even in their wildest dreams.
Mosaic Blueprint has shown through this key initiative that America's best resource remains its Intellectual Capital and it is one asset that comes in all colors and must be treasured.
About Mosaic Blueprint
Mosaic Blueprint is a boutique firm located in the Pacific NW specializing in recruiting, communications, consulting and outplacement services on a national level.
Our practice areas include, but not limited to; Executive Search, Diversity and Inclusion Consulting, Executive Coaching, Resume and Career Transition Services.
We are committed to the principles and implementation of diversity and social inclusion in our practice and services - it's one of our core values. Being a diverse organization enables us to be dynamic and innovative in a period of major change and helps us identify and meet the diversity needs of our clients. We partner with some of the top diversity practitioners across the country to bring our clients the best solutions for diversity and inclusion.
Friday
Ghanaian "prophet" predicted Ghana would get to the semi-finals of the FIFA World Cup™
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| Ghana crashed out following a 2-1 loss to Portugal |
Well, going by the results of the final group games played yesterday, he may actually not have heard from God as Ghana crashed out courtesy of a 2-1 defeat at the hands of Portugal.
Here is the video (below) of his prediction last December.
Nothing beats video evidence as it can't be refuted.
Tuesday
Spain: As del Bosque ponders his future, look for La Furia Roja to bounce back
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| Spain won Euro 2008(L), 2010 World Cup(C) and Euro 2012(R) |
Vicente del Bosque will decide on his future as Spain coach in the coming days after his side ended their participation in the 2014 World Cup with a 3-0 win over Australia.
The world champions finished third in Group B, having suffered two shock defeats against Netherlands and Chile.
Asked about his future, Del Bosque replied: "In the next few days, or next week. There's no rush."
Spain won the 2010 World Cup and the Euro 2012 under the 63-year-old.
He added: "The president, the general secretary and I will talk and look for the best solutions for our football, sensibly and sensitively.
"We will do what is best for our football."
Despite reports suggesting the veteran midfielders Xavi, 34, and Xabi Alonso, 32, will leave the international set-up, Del Bosque said age would not be a factor when it comes to planning for the future.
"There are still players who can help the national team a great deal and we must remain aware of that," he said. "I won't rule out anyone because of age.
"We've been in control of the national team for six years now and have topped the Fifa rankings.
"This group of players has been a lesson for everyone, they've been really good players and now it's been our time to lose.
"We have to move on to the next qualification phase (the European Championship) and whoever the next manager is, the future is safe.
Yes, the future is indeed safe. One that actually began to be shaped in 1999.
Between 1999 and 2014, Spain won the U-20 World Cup (Iker Casillas and Xavi were on that Nigeria '99 team); finished with silver at Sydney 2000 Olympics football tournament; were second-best to Nigeria at the 2007 U-17 World Cup in Korea; won the European Championship in 2008 and 2012, with a first FIFA World Cup™ victory also sandwiched between the those latter triumphs, at South Africa 2010.
What a run indeed and Spain has shown everyone that there are no short-cuts to lasting success.
All through their successes, they have had only two coaches from 2006 to 2014 (an eight-year period) and have never wavered from their administrative, technical and tactical philosophy.
They are not going anywhere anytime soon and it will not surprise anyone if they start another run at the next European Championship.
They are that good and that deep..... for years to come.
Monday
Can Africa send four teams to the round of 16?
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| Horst Hrubesch scored in the infamous "accord match". |
As things currently stand, Africa may send at least three teams out of its allotted five to the next round of the ongoing FIFA World Cup™.
Nigeria, Ivory Coast and Algeria currently lie in second place in their respective groups and the three could conceivably move on to the round of 16 if they avoid defeat in their final matches.
Cameroon on the other hand has already been eliminated while Ghana may lose out to a potential "accord match" (the Germans have a history of doing just that to African opposition) between Germany and the United States, even if they (Ghana) defeat Portugal in their final group match.
It would indeed be a major victory for the Confederation of African Football (CAF) if at least three teams go through to the round of 16, but the latter needs to alert FIFA to a potential "fix" between the Germans and the United States (the U.S. coach is a German legend) in their final match, as both teams only need a draw to ensure their dual qualifications for the next round.
It would indeed be another black eye for world football if the disgrace of 1982 were to repeat itself.
Ghana however has itself to blame for being in this precarious situation as they should have won their game against the United States considering how much they (Ghana) dominated that game.
It was indeed a match they should have won, but credit must go to the United States for grinding out a hard-earned victory.
Here are the current standings as it relates to Nigeria, Algeria, Ghana and Ivory Coast.....
Group C
| 1 | Colombia | 2 | 4 | 6 |
| 2 | Ivory Coast | 2 | 0 | 3 |
| 3 | Japan | 2 | -1 | 1 |
| 4 | Greece | 2 | -3 | 1 |
Group F
| 1 | Argentina | 2 | 2 | 6 |
| 2 | Nigeria | 2 | 1 | 4 |
| 3 | Iran | 2 | -1 | 1 |
| 4 | Bos-Herce | 2 | -2 | 0 |
Group G
| 1 | Germany | 2 | 4 | 4 |
| 2 | USA | 2 | 1 | 4 |
| 3 | Ghana | 2 | -1 | 1 |
| 4 | Portugal | 2 | -4 | 1 |
Group H
| 1 | Belgium | 2 | 2 | 6 |
| 2 | Algeria | 2 | 1 | 3 |
| 3 | Russia | 2 | -1 | 1 |
| 4 | South Korea | 2 | -2 | 1 |
Highlights of "accord match" between West Germany and Austria that eliminated Algeria in 1982.....
It was an absolute disgrace!
Saturday
Ghana hold Germany in thrilling match as Nigeria prepares to take on Bosnia.....
Ghana played out a thrilling 2-2 draw with Germany in a pulsating World Cup match at the Estadio Castelao Fortaleza in Brazil.
All the goals came in the second-half of the Group G contest as strikers Miroslav Klose and Asamoah Gyan both equaled FIFA World Cup™ scoring records, with Gyan tying the immortal Roger Milla of Cameroon as the top-scoring African in World Cup history and Klose also now tied with Brazil's Ronaldo as the top marksman in World Cup history.
Later today, Nigeria play Bosnia-Herzegovina in a must-win match for both teams.
Here is Nigeria's projected line-up for the game courtesy of @OfficialKeshi.....
STARTING #NGA
XI: Enyeama,Yobo (c), Oshaniwa, Efe, Omeruo, Ogenyi Onazi, Mikel Obi, Babatunde Michael, Osaze, Ahmed Musa, Emmanuel Emenike. A surprising inclusion to the Nigeria line-up is Michael Babatunde as one would have expected a creative and diminutive player like Ejike Uzoenyi would have been injected into the line-up along with the speedy Musa.
Watch the Nigeria-Bosnia match live here.....
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