Market Expansion
How do business managers contribute to innovation processes for long-term profitability?
Business managers play a crucial role in innovation by aligning business strategies with new product development and capabilities development processes. They continuously match new products with market opportunities to enhance long-term revenue streams, bridging the gap between innovation and market needs. The third key innovation process is new business development, where managers search for new markets, define and redefine business models, and manage product portfolios. Their focus remains on generating profits over the long term rather than just short-term gains. This strategic approach allows businesses to regularly introduce innovations, including breakthrough products, ensuring sustainable growth and competitiveness.
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Rutgers Business School - Newark & New Brunswick
05:46 - 06:17
What are the key innovation processes for long-term business profitability?
Business strategies frame three essential innovation processes that drive long-term profitability. First, the new product development process and new capabilities development process provide the foundation. Business managers continually match new products with market opportunities to enhance revenue streams over time. The third critical process is new business development, where managers search out new markets, define and redefine business models, and manage product portfolios. This comprehensive approach helps businesses generate sustained profits rather than just short-term gains. Successful organizations are structured to regularly introduce innovations, including breakthrough products, ensuring ongoing competitive advantage and growth.
Watch clip answer (00:31m)Rutgers Business School - Newark & New Brunswick
05:46 - 06:17
What is the vision behind Rameshwaram Cafe and how have its founders established it as a successful brand?
Divya and Raghav founded Rameshwaram Cafe with a vision to elevate South Indian cuisine on a global stage. Through clarity in vision, thoughtful strategy, and relentless dedication, they've transformed their passion into one of India's most iconic QSR (Quick Service Restaurant) brands. Their systematic approach has firmly established Rameshwaram Cafe in the market. The world is now ready for a fast food South Indian chain coming from India, which aligns perfectly with their ambition. Their inspiring entrepreneurial journey demonstrates that with the right strategy and dedication, no goal is out of reach, contributing significantly to India's growth story while pioneering South Indian cuisine in the global fast food landscape.
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Curly Tales
17:30 - 18:11
What changes has the government made to enhance loan access for MSMEs and startups in India?
The government has doubled the loan guarantee limit for MSMEs from 5 crore to 10 crore rupees, and increased the limit for startups from 10 crore to 20 crore rupees. These government-backed guarantees make banks more willing to lend to small businesses, as the government covers potential losses. This significant policy change unlocks an additional 1.5 trillion rupees in credit over the next five years, benefiting India's 4.5 crore MSMEs that contribute 29% of GDP and 50% of exports. The initiative aims to help small businesses grow while reducing dependence on imported products.
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Think School
17:08 - 18:22
Why is brand important in software development?
Brand represents the promises you make to customers and is one of the most overlooked elements when creating software companies. Initially, product decisions drive your brand (whether you're developer-friendly, social, fast, simple, or powerful), but later your brand drives product decisions. A strong brand can extend to match your future ambitions, allowing growth beyond initial offerings while maintaining identity. When naming your product, ensure it's distinct, resonant, relevant, and has longevity to support your company's evolution and expansion goals.
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Web Summit
13:28 - 17:01
What are the future trends and opportunities that John Collison sees for Stripe beyond payments?
John Collison envisions Stripe moving beyond payments to handling more back office and business tasks. This includes services like incorporation, fraud prevention, and managing customer relationships, allowing businesses to focus on core operations. Stripe aims to support new businesses in a digital economy that's rapidly evolving, where online commerce is becoming increasingly significant across global markets like Germany. Their goal is to simplify business processes for everyone from startups to large enterprises, creating opportunities for entrepreneurship in an increasingly digital world.
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DLD Conference
16:45 - 19:44