April 30, 2008

Supermarket Shopping Trends

Express Hospitality: The supermarket has become more than just a place to buy; it is increasingly becoming the place to hang out or unwind.

Supermarkets are slowly replacing bakeries, becoming hangout zones for youngsters, where the cold drink is colder and the snacks are less cumbersome to manage. For men, supermarkets are taking the place of paanwalahs, where they can come in for a quick break and buy cigarettes and cool drinks. The working community looks to these supermarkets as places to unwind before heading towards work or home. These shoppers typically hangout at the doorstep after their purchase and are prime shoppers for impulse products.

These are some of the trends that have been observed based on intensive work that have been done at modern format food and grocery outlets. Action on these lines will not only result in better revenues but will also enhance shopability for the consumer and ultimately lead to enhanced loyalty for the store.

Chew on this trend [Express Hospitality]

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September 28, 2007

New Parenting Lifestyle

child-adult.jpg

San Diego Metro News: Strobe lights, the smell of stale beer, martinis and toddlers. As they say on “Sesame Street,” one of these things is not like the others.

But that's the scene at Aubergine nightclub in San Diego's Gaslamp district on a Sunday afternoon. Young families line up behind a velvet rope to get into a Baby Loves Disco event, where kids can boogie to the beat and their stylish parents can either join in or watch from the sidelines with a drink in hand.

It's the brave new world of parenting, where child and adult worlds often intersect. Forget the old idea of parenthood, a life filled with minivans, Elmo sneakers and trips to Chuck E. Cheese. A growing number of new parents are trying desperately to hang on to their pre-kid lives, replete with cool clothes and hip hangouts, just with slight modifications.

Parenting to a new beat [San Diego Metro News]

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July 7, 2007

Beat The Rivals

beat-competition.jpg

GetEntrepreneurial.com: Competition is as inevitable in business as death and taxes are in human existence. Even if your startup business has stolen a march on the rest of the world with your product, service, execution, distribution or customer service, somebody else will inevitably try to chase you down and beat you at your own game.

Most entrepreneurs become concerned about competition early on and never quite shake their fears. In fact, besides tax issues and the matter of health care coverage for their employees, a recent survey reveals competition is the biggest concern of small business owners. And most of them are far more worried about the guy down the street than they are about being stomped by some Fortune 500 corporation.

But there’s one fail-safe way to avoid a preoccupation with your rivals – and that is to focus always on making your startup business the best that it can be. Whether your edge on the competition lies mainly in unique product selection, supreme customer service or cutting-edge marketing, you’ve got to maintain or increase that lead – and then look around for some other way to best your competitors as well.

Beat The Rivals [GetEntrepreneurial.com]

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December 30, 2006

Rise of the Jetrosexuals

Fast Company: A few years ago, a new sexual classification emerged on the scene. As funny as I thought it was when I first heard the term "metrosexual," I think it's even funnier that it stuck around. Oh no, metrosexuals weren't just a passing fad --people now comfortably identify themselves as such. Now it appears there is a new name for members of the fashion-forward jetsetting set, "Jetrosexuals." Also known as "flash-packers," jetrosexuals revel in fashion and travel.

Applied to individuals who travel worldwide in search of fashion bargains, jetrosexuals are known for having their passport ready to go at a moment's notice, and an eye for stylish, cheap faux couture clothing. Most commonly found travelling from the US to Asia in search of a bargain, jetrosexuals are known to carry little more with them than an iPod and the latest issue of Vogue.

Apparently, the new trend is being fueled by two things: Ridiculous airline discounts that chop $1000 fares to Asia to less than $50 from gateway cities, and the booming Asian textile industry.

And it's not just the jetrosexuals who are evolving -- the money spent on textiles and fashion in Vietnam has brought about dramatic change in the economic and cultural landscape of Hoi An. Although still conjested and plagued with poverty, this city is now known as a tailoring hub. It all started years ago when European and American designers began outsourcing the production of their fabrics to Asia.

What's the Deal With Jetrosexuals? [Fast Company]

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December 28, 2006

Eatertainment for Kids

JO27_KIDSCOOK_P2_scn_feed_20061226_13_00_13_1722_h%3D210%26w%3D165.jpgThe Herald News: Forget swimming lessons and soccer, the latest trend in extracurricular activities for children ages 4 to 16 is cooking class. And not just any cooking class. There are culinary summer camps, cooking birthday parties, private cooking lessons, plus a plethora of new cookbooks for the young chef who aspires to be the next Rachael Ray or Bobby Flay.

"Part of what we are seeing is a trend in 'eatertainment' with all the cooking shows,'' says Stephen Hengst, spokesman for the Culinary Institute of America in Hyde Park, N.Y.

Indeed, kids even make up a large part of the audiences for cooking shows, says Mark O'Connor, a spokesman for the Food Network, noting that at book-signings and public events, kids flock to see celebrities like Ray and superstar chef Emeril Lagasse.

"Based on our Web site traffic, message boards, mail questions and telephone calls, we know that there are a major amount of kids watching from as young as 5 up to 15 years old," O'Connor says.

For the parents of budding chefs, getting kids in the kitchen for something other than meals is about capturing a bit of nostalgia, says Hengst. "They used to cook with their mother or grandma, but life is so hectic they don't have time to do the same for their kids." So they send them, or go with them, to cooking class.

Kids savor new trend: cooking classes [HeraldNewsOnline.com]

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December 26, 2006

Smoothies War

BBC: In the 80s, fast-food burger joints flooded UK town centres. By the 90s, coffee shops took their place on every street corner.

But now that the noughties are well established, the new fast food fight is on a rather healthier battlefield. Warnings about obesity and increased awareness of the importance of eating five fruit a day have fuelled a surge in healthy eating. The UK smoothie market is worth £100m and doubling yearly.

London's Crussh, which opened its 15th branch just off Oxford Street in October, is the UK's biggest smoothie chain. The firm, now eight years old, expects to turn over more than £5m this year.

Smoothies: the new coffee wars? [BBC]

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February 21, 2006

Toddler Tech

MercuryNews.com: From industry giants Mattel and Hasbro to smaller players LeapFrog and VTech, toy manufacturers are lowering the age ranges for their high-tech and educational offerings at this year's Toy Fair, betting that "toddler tech'' will help reverse several years of slumping sales.

But perhaps most alarming to the toy business is slumping sales, as video games, cell phones and MP3 players compete for kids' attention and parents' dollars. U.S. retail sales for the toy industry as a whole fell 3.6 percent to $21.3 billion in 2005, according to NPD. That followed a decline of 3 percent in 2004.

The toy industry has responded by embracing technology, adding interactivity, creating whole new categories of educational toys and expanding the use of sophisticated electronics in products for kids as young as newborns. Notably, NPD said that sales of learning and exploration toys rose in 2005, adding 6 percent to $400 million.

Toy makers push high tech for tots [MercuryNews.com]

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April 30, 2005

Remix Culture

pspHack.gifTrendwatching: Remix Culture is about clever programmers modifying Sony's Portable PlayStation days after it hit the shelves Only days in the US this March; remix fanatics have added chat and TV to the device's functionalities, cleverly capitalizing on the PSP's WiFi connection and other built-in, semi-locked online capabilities.

Is Remix Culture a techie-only affair?

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Nope. It works just fine for sneakers, too: all over the web, sneaker freaks are uploading pics of their 'remixed' shoes; check out French Shoes-Up, a gallery where Adidas customers display their own version of Adidas' Superstar line, celebrating its 35th anniversary (see picture above). And who by now hasn't heard of the Adidas Zissou sneakers featured in the movie 'The Life Aquatic'. White/yellow sneakers with light blue striping (see below), these fictional shoes had thousands of sneaker freaks lusting after them, until remixers not only designed and produced their own - the DIY guide is still online - but also put them up for sale on eBay earlier this year.

Customer-Made [Trendwatching]

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April 17, 2005

TV Advertising Trends

The New York Times: One of the great contradictions of modern American life is that almost everyone watches television while almost no one agrees anymore about what it really means to watch television. True, we know that as spring gets under way, new episodes of ''Desperate Housewives'' and ''C.S.I.'' and ''American Idol'' will battle for prime-time supremacy in the overnight Nielsen ratings. We also know that local broadcast stations around the country will begin scheming -- just as they do every April -- to win the May sweeps, the tense weeks when rival stations pursue a fierce one-upmanship of flamboyance and hype and the Nielsen-measured audience sizes determine future advertising rates. But when it comes to figuring out how many of us are watching these shows, and whether we're paying attention while we're watching and even whether we're actually noticing the advertisements among the shows we may or may not be watching -- well, this is where things get tricky.

For the past decade or so, watching television in America has been defined by the families recruited by Nielsen Media Research who have agreed to have an electronic meter attached to their televisions or to record in a diary what shows they watch. This setup may not last much longer. Just as programmers and advertisers are clamoring for a better understanding of the television audience, a wave of new consumer products has made it increasingly difficult to satisfy them. One day this January I sat in a Greenwich Village workroom with Bob Luff, the chief technology officer at Nielsen, as he pulled out gadget after gadget to show me what he's up against. Luff seemed to view the modern American home as a digital zoo where the lion is about to lie down with the lamb: radio is going on the Web, TV is going on cellphones, the Web is going on TV and everything, it seems, is moving to video-on-demand (V.O.D.) and (quite possibly) the iPod and the PlayStation Portable. ''Television and media,'' Luff said over the noise of five sets tuned to five different channels, ''will change more in the next 3 or 5 years than it's changed in the past 50.''

Our Ratings, Ourselves [The New York Times]

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April 10, 2005

Local Shopping on the Internet

NewsTarget.com: According to a study conducted by market researchers Constat Inc. and The Kelsey Group, 70 percent of American households now find local businesses using the Internet. A poll conducted in October 2003 found the figure to be 60 percent, with 73 percent using the local newspaper. If current trends continue, the Internet will become more popular for local business searches than newspapers in the next year.

Consumers using internet to find local shopping, says study [NewsTarget]

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March 27, 2005

Celebrity Smiles

Gannett News Service: Emulating A-listers such as Gwyneth Paltrow or Halle Berry is a snap: The latest celebrity-channeling accessory is a set of prosthetic choppers modeled after Hollywood's most Chiclet smiles.

Think of the snap-on smile as the white-enameled cousin to the press-on nail. Think of it as yet more evidence of a public firmly sinking its incisors into celebrity culture. Only with this device, attaining Julia Roberts' million-dollar grin doesn't set someone back nearly that much. The resin appliance, which fits snugly over existing teeth, goes for $1,000 to $3,000.

The teeth also are more proof of dentistry's changing focus. "It's not just for health," says Jeff Golub-Evans, a Manhattan cosmetic dentist. "More and more patients go to dentists to look better rather than to feel better."

Copying celebrity smiles is the latest dental trend [Shreveport Times]

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March 17, 2005

Student Job Sites Hit or Miss

Wired News: Sure, it's still March, but summer's fast approaching. For a high school or college student, that means job-hunting season will soon be under way. Plenty of places on the internet are geared toward helping would-be employees find a job. But what if you're looking for seasonal or part-time employment -- is there a more appropriate place to hit up than traditional job sites?

Some websites cater to just those needs. GrooveJob.com, Teens4Hire.org and student-run newcomer JobSherpa.com purport to help students find jobs and refine their employment-seeking skills. Even the federal government has jumped into the act with its site, Studentjobs.gov.

The sites generally operate by charging employers a fee to advertise open positions. Students can search open postings for free, with or without registering, depending on the site. Some also offer extras like résumé-building help or tips for getting through an interview.

Those running the sites say they're more useful to students and those in their teens to early 20s than general job sites are because they list high-turnover, entry-level positions. They might also lead students to jobs with nontraditional hours for those with college schedules to accommodate.

"If you come to our site you'll see not only do we have the right type of jobs that will fit around your schedule ... but we have all the tools, all the resources," said David Hunegnaw, a partner and one of three founders of GrooveJob.com.

Student Job Sites Hit or Miss [Wired News]

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March 13, 2005

How To Take Advantage of the Latest Trend

The Sunday Times - Business: Experience shows that if you can spot a trend in the market and get your products out there quickly, the rewards can be immense. And the good news is that small- or medium-sized firms are often able to move faster than the big companies.

So how do you spot a trend? David Lewis, who runs the marketing consultancy Neurinx 2, said: “The secret of success is to find out exactly what is going on in the marketplace. You can’t do it from behind a desk: you need to get out there and listen to people.

“Big companies employ cool hunters to find out what is going on. If a firm makes trendy clothes for young people, for example, the cool hunter will go round the clubs the young people go to. Owners of small businesses have to be their own cool hunters.”

HOW TO: Take advantage of the latest trend [TIMES Online]

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Apparel Market

INVESTORS.com: Colorful shirts, pretty prints and sharp men's suits brought a new look to the apparel industry in 2004. The industry's finances were brighter as well.

Apparel sellers took a beating when the economy went into recession in 2001. Sales declined for three years. But last year, apparel industry revenue finally rose again.

Growth is expected to continue this year. Consumers will likely replace pants, shirts and blouses they've been wearing for several years when money was tight, says analyst Marshal Cohen at the research firm NPD Group.

"After all, you can only wear your khakis for so long before they wear out or don't fit anymore," Cohen noted in a recent report.

During the 1990s, apparel sales grew at a steady pace, peaking in 2000 at almost $176 billion. Last year they nearly reached that peak again, with sales hitting $173 billion. That was up 4% from 2003's $166 billion. Analysts expect industry revenue to reach an all-time high this year.

Apparel Market Wearing Well [INVESTORS.com]

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January 22, 2005

Rising Giants

The Economic Times: These two gentlemen personify the global ambitions of their companies. Jalaj Dani, the thirty-something scion of Asian Paints practically lives out of his suitcase.

He has to. Asian Paints, manufactures in 21 countries, are a licensee in 4, and sells in 65 countries, employing 1,400 people outside India from 22 nationalities .

Since 1999, the company has gone on an acquisition spree, lapping up companies around the world, including the troubled paint maker Berger. "It's our aim to be among the top paint companies in the world," says Dane.

In another part of the world, Chuanzhi Liu, chairman of Lenovo Group, acquired IBM's PC business some days ago. With this acquisition, he created the world's third largest PC company, with approximately $12 billion annual revenues for 2003, and has even shifted the headquarters to New York. The total deal was worth $1.75 billion.

"As Lenovo's founder, I am excited by this breakthrough in Lenovo's journey towards becoming an international company. I have been delighted to watch Lenovo become a truly world-class company," Liu was reported to have said.

The two companies that these gents represent portray the rise of their respective country's businesses into multinational companies.

New emerging trends in India, China [The Economic Times]

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January 12, 2005

Digital Audio Is Hot

Technology Review: Ten thousand songs in your pocket. Millions of tunes on the Internet at your fingertips. And books on tape -- they're going down the path of vinyl records.
Welcome to the new world of digital audio.

Though the first portable MP3 player debuted in 1999, most personal music libraries still consist of piles of CDs, and relatively few people listen to digitally recorded radio talk shows and books.

The consumer electronics industry is doing its best to change that, there being serious lucre in prodding people to join the digital audio revolution as long as it's convenient.

At this week's International Consumer Electronics Show, it was impossible to walk more than a few feet in the 1.5-million-square feet of exhibition space without stumbling over a digital audio equipment display.

Digital Audio Aims for the Mass Market [Technology Review]

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January 11, 2005

Trend: Small Businesses go Virtual

TrendTracker: The future is likely to be the age of virtual businesses. The newly opened two-person office will be able to look big, established, and successful. Build a really good website, toss in some color printers, fast computers, and cell phones, and you're halfway there. After that, it's a question of leveraging your creativity and ability to partner with other entrepreneurs.

The virtual business is the epitome of the less is more dictum -- less expense leaving more profit.

Not every business in the future will be able to go virtual -- at least we don't think so today. But as the line between what's virtual and what's real blurs, going virtual will become more attractive.

Let's make one thing clear, virtual doesn't mean the business isn't for real. It just means all that heavy, expensive stuff won't be sitting there eating money when not in use.

Who cares whether the home office of Acme Thingamajig has 300,000 square feet as long as Acme is able to deliver those thingamjigs. Performance is what counts, not the number of employees or the size of the company cafeteria.

Trend: Small Businesses go Virtual [TrendTracker]

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December 25, 2004

Top Technology Trends for 2005

Small Business Trends: The Death of Distance - "Telecommuters and remote workers are closing in. Recent improvements to enterprise voice-over-IP (VoIP) are promising to make the concept of location irrelevant." The article points out that users of enterprise VoIP are finding out the cool things that can be done with it, not just the cost savings. Those cool things -- such as integrating with Microsoft Outlook -- will help make distance among workers irrelevant.

Desktop Search Heats Up - The amount of data that users store on their desktop computers is exploding. A whole new industry has popped up to enable users to search their desktop files easily, including Google's desktop search tool, and startup Blinkx.

Rise in Web Services - The ability to transmit data on the Web and make it really useful, go the heart of Web services. By the end of 2005, 45% of companies will use Web services. Even bloggers: "Protocols like Really Simple Syndication (RSS) and Atom have caught on among bloggers, allowing them to make their content available to anyone to pour into their own web pages. By the end of 2006, most vendors of web publishing software will incorporate support for RSS in their products, according to Gartner."

Home Sweet Digital Home - Red Herring says that the digital home -- with interconnected devices all around us -- is finally becoming a reality. Computers and entertainment products are converging, to bring unprecendented amounts of entertainment and digital content to us in our living rooms. "The ultimate winners will be companies that adopt Internet-based platforms, open standards, and customer-friendly products, which could most likely mean startups with new ideas and innovative technologies."

Top Technology Trends for 2005 [Small Business Trends]

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December 17, 2004

Rental Listing Firms Fail

Business 2.0 Blog: Craigslists, the biggest online business still pretending not to be a real business, knocked another company out, a San Francisco area apartment listing service. The San Francisco Chronicle notes that:

RentTech, which bought Berkeley's Rental Solutions about five years ago, closed earlier this fall. Two other rental services -- San Jose's Home Renters Guide and Berkeley Connection -- were purchased and folded into San Francisco's MetroRent in 1999 and 2000.

There's one other way to look at this. Part of the reason for the collapse is that the residential rentals are getting cheaper and cheaper. Which suggests that housing prices here are really getting out of control. Read more about the relationship of rents to housing prices here.

Rental Listing Firms Fail [Business 2.0 Blog]

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December 16, 2004

Trend: Small Businesses go Virtual

TrendTracker: The future is likely to be the age of virtual businesses. The newly opened two-person office will be able to look big, established, and successful. Build a really good website, toss in some color printers, fast computers, and cell phones, and you're halfway there. After that, it's a question of leveraging your creativity and ability to partner with other entrepreneurs.

The virtual business is the epitome of the less is more dictum -- less expense leaving more profit.

Not every business in the future will be able to go virtual -- at least we don't think so today. But as the line between what's virtual and what's real blurs, going virtual will become more attractive.

Let's make one thing clear, virtual doesn't mean the business isn't for real. It just means all that heavy, expensive stuff won't be sitting there eating money when not in use.

Who cares whether the home office of Acme Thingamajig has 300,000 square feet as long as Acme is able to deliver those thingamjigs. Performance is what counts, not the number of employees or the size of the company cafeteria.

Trend: Small Businesses go Virtual [TrendTracker]

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December 10, 2004

Business Plans -- The Inside Scoop

smallbusinesses.blogspot.com: "Entrepreneurs can be tempted to "push" the financials to show more value than can be supported. That's especially true in service and technology businesses.

For example, Internet entrepreneurs have a hard time valuing Internet traffic in a business plan. During the days of the dotcom boom, traffic tended to be overvalued. Today at least the overvaluation is gone. But even today there's still no good way to place a value on Internet traffic per se.

The same is true for a service company with a strong name and reputation. Capturing the value of "brand" is a challenge. One high profile example I can think of is LLBean's accumulated relations with customers -- its brand reputation. There is tremendous value in LLBean's brand reputation. Yet, LLBean's brand value is not something than can be captured adequately in the company financials."

Business Plans -- The Inside Scoop [Small Business Trends]

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December 6, 2004

Mobile Graphical Content

Adverblog: A study by IDC (U.S. Wireless Wallpaper and Graphical Content 2004-2008 Forecast) reveals that graphical content has emerged in 2004 as the fastest-growing mass market for wireless data in the United States. The business, which includes wallpapers, caller ID graphics and screensavers, should grow from just under $150 million this year to over $1.1 billion by 2008.

Despite this interesting indication, low penetration levels of advanced handsets, lack of digital rights management standards, lack of cross-carrier shortcodes and relatively low user awareness of the availability of such content still represent a huge obstacle to the business development.

Emerging market for mobile graphical content [Adverblog]

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December 5, 2004

2005's New Business Ideas

Entrepreneur.com: From high-tech clothes to wine, eBay drop-off stores to tech security, the business ideas on our 2005 hot list run the gamut. But they have one thing in common: They're sizzling hot and just waiting for you to bring them to life.

13 Hot Businesses for 2005 [Entrepreneur.com]

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November 28, 2004

Customized Luxury

Having a branded product isn't enough these days for the truly affluent. Apparently, there is a new trend in fashion where rich customers are seeking out unusual, personalised products that suit their wimps and fancies. Luxury brands from Gucci to Goyard are tapping on this new trend and offering personalized touches that allow customers to choose the color, fabric and even inscribe a personal, handwritten message on the lining, according to the New York Post.

This spring, Giorgio Armani will introduce the "Giorgio Armani Atelier" program for clients willing to pay upward of $40,000 for a one-of-a-kind evening gown. Such personalized services are "a direct reaction to the saturation of the market by some labels, which have sought to impose the 'must have' accessory upon everyone," said Gaetano Sallorenzo, Armani's U.S. president of sales and marketing. For the truly inspired, the possibilities are endless. Verdura, a jeweler founded by an Italian Duke in 1939, recently mailed its latest catalog composed entirely of one-of-a-kind pieces such as a $115,000 sunburst brooch.

Read: Anything Won't Do [NYPost]

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November 9, 2004

Teen Market

According to the New York Times, more retailers are rushing to take advantage of what has become a $17 billion market for room furnishings designed to appeal directly to school-age youths.

It is a market, said Michael Wood, a vice president at Teenage Research Unlimited, that has "really exploded in the last two years." And instead of leaving furnishing decisions to their parents, older teenagers and their 8- to 14-year-old sisters and brothers - called "tweens" by retailers - are proud, insistent even, about making those decisions themselves. Last year, teenagers and tweens spent an average of $386 each to decorate their own rooms - more than double the figure of a decade ago, according to Wonder Group, a youth-marketing company in Cincinnati.

Read: A young market that is growing fast [New York Times via IHT]

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October 28, 2004

How To Keep Your Employees Happy

Genencor International, a US-based biotech company, has an ingeniuous way to keep its thousands of employees happy and productive: by allowing them to design their own headquarters. Fast Company reports:

Genencor International's headquarters in Palo Alto are the physical manifestation of what happens when you effectively transform employees into designers of their own work environment. The 1,260-employee, $380 million company, which focuses on health-care products and enzymes, such as those used in Tide laundry detergent, has generated remarkable worker loyalty and greater productivity. Its turnover rate was less than 4% in 2003. The national industry average is 18.5% and the Bay Area's is 17.8%, according to the Radford Surveys. This isn't a one-year blip either. When the economy was roaring in the late 1990s, Genencor's turnover rate hovered around the same level.
Better than stock options, eh?

Read: Mutual Benefit [Fast Company]

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October 19, 2004

Digital Homes

According to this Reuters article, Microsoft and dozens of other big-name technology companies, from France's Alcatel to Japan's Sony Corp to chipmakers like Intel Corp, are betting that big money can be made in the years ahead by changing forever the way that news, entertainment and information reach consumers: digitally, and over the Internet.

"It's all about giving consumers the freedom to access the information and entertainment they care about in the way that suits them best," said Lichtman, who leads Microsoft Corp's TV software business.
Insightful analysis of how the trend will further develop makes this article a highly useful one for all of us who are interested in taking a slice of the pie of the 'digital homes' market that is simply growing by the days.

Read: Digital Home to Set Off Next Big Electronics Wave [Reuters via Yahoo! News]

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October 9, 2004

Small Boutique Hotels

Small Business Trends reports on a new trend in the tourism market: the emergence of small boutique hotels that compete against large hotel chains by offering a unique vacation experience. In the article, General Manager of The Hibernation Station, Zack Paul, is quoted as saying:

"A small steady migration is taking place toward privatizing hotels. Hotels that have been part of a chain are breaking off and new ones are being put up without a franchise. These small private hotels are sought after mostly for something they offer that is different. It could be a mystical offering or just something romantic or representing the environment of the area in which they are located. The franchise hotels, on the other hand, deliver consistency no matter where you stay across the globe."

Read: Small Boutique Hotels Growing [Small Business Trends]

By @ 8:06 AM  |  Trends & Insights  |  Comments (1)  |  Article Link
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October 1, 2004

Where Technology is Heading

The major affluent tech markets are maturing, with sales getting more sluggish by the years. Undoubtedly, the new growth markets will be those of China, India, Thailand, Brazil, and so on. With the masses in such countries getting richer, a golden opportunity presents itself in the developing world for tech companies to cash in on the new big wave. Business Week describes the new opportunities:

During the first 50 years of the info-tech era, about 1 billion people have come to use computers, the vast majority of them in North America, Western Europe, and Japan. But those markets are maturing. Computer industry sales in the U.S. are expected to increase just 6% per year from now to 2008, according to market researcher IDC. To thrive, the industry must reach out to the next 1 billion customers. And many of those people will come not from the same old places but from far-flung frontiers like Shanghai, Cape Town, and Andhra Pradesh. "The robust growth opportunities are clearly shifting to the developing world," says Paul A. Laudicina, managing director at management consultant A.T. Kearney Inc.

Read: Tech's Future [BusinessWeek]

By @ 10:12 AM  |  Trends & Insights  |  Comments (0)  |  Article Link
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September 22, 2004

Consumerism in the Middle East

In recent days, news headlines are dominated by how the rapid growth of Asian countries like China and India is providing lots of opportunities to strike it rich. With the Iraq war and terrorism in the Middle East, one could be forgiven for overlooking the region as a potential growth market. Despite its many problems, the Middle East continues to hold a lot of promise for the world's capitalists. The region won't be spared from the culture of consumerism, as highlighted in an article by an Egyptian newspaper.

If we try to imagine what the cities of the Middle East will look like in 20 or 50 years time, we might predict that the majority will consist of creeping slums and rampant poverty, coexisting cheek by jowl with international hotels and large spaces dedicated to consumption and leisure time for those who can afford it. Disneyfied satellite cities in the desert will provide suburban annexes for the well-to-do. Modern communication systems and technologies, at least in the formal sector of the economy, will be as efficient as those of any Western country.

Read: Brave New Mall [Al-Ahram Weekly]

By @ 11:09 AM  |  Trends & Insights  |  Comments (0)  |  Article Link
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