Innovation and entrepreneurship are often assumed to be one and the same. In reality, they are different things, and a clear understanding of the difference is vital to building successful ventures. Innovation comes in a variety of forms. Many new ventures are based on new product or service innovation. This is the most commonly recognized [...] [...]
Researchers at Ball State University graded all 50 states on their manufacturing efforts – and Colorado just barely passed. The research gave the state a D+ for manufacturing, despite news that the sector is rebounding from the recession, said Michael Hicks, director of the Center for Business and Economic Research. While production will have a [...] [...]
The Denver Post ran a lengthy article recently about the “innovation culture” that characterizes Boulder. The article spoke glowingly about the entrepreneurial job-creation machine that exists in that city. For instance, it is noted that there are more than 8,900 businesses with fewer than 20 employees that call Boulder home. It also noted that most [...] [...]
When the recession reached its peak during 2008, Starbucks was caught off guard. Fourth quarter sales plummeted for the year, and profits fell 97 percent as Americans opted for cheaper java options. A year later, however, it’s a different story. The company not only tripled its year-over-year profits during fourth quarter 2009, but plans to [...] [...]