- Blue Ocean Strategy Basics – Breaking the Value/Cost Trade-Off
Oftentimes spending more doesn’t get more and, sometimes, gets less Michael Porter is the father of modern business strategy theory and defined a few basic ideas. Core among them is that business centers around competition. Competitors, new market entrants, suppliers, customers, and substitute products are five forces that influence profitability, he argued in his famous … Continue reading "Blue Ocean Strategy Basics – Breaking the Value/Cost Trade-Off"
Integrated Circuits (Microchips)In early electronic computers, each circuit involved a vacuum tube. They were large, relatively slow, and consumed a lot of power. Shockley, Brattain, and Bardeen created the semiconductor. Their circuits eliminated the need for vacuum tubes. Kilby and Noyce discovered that semiconducting material held burned-in semiconductor circuits. Their printed circuits worked like the much larger … Continue reading "Integrated Circuits (Microchips)"
BroadcastingDavid Sarnoff David Sarnoff is the father of broadcasting. Sarnoff was a Jewish immigrant who became his family’s breadwinner at age 15. He worked as a Morse Code operator, rising up the ranks to become a supervisor. Eventually, he transitioned to radio to transmit messages over long distances. Early radio technology was for point-to-point communications, … Continue reading "Broadcasting"
Central BanksBackground The first central bank was Swedish Riksbank. The Swedish government chartered it to act as a clearinghouse for commerce. In 1694, the Bank of England was founded. It’s primary purpose was to purchase government debt. Napoleon chartered the Banque de France to stabilize currency after the French Revolution. Early central banks, and their modern … Continue reading "Central Banks"
BarbieIn 1945, Harold “Matt” Matson and Elliot Handler created a garage-based manufacturing business. They named it by combining their first names, Mattel. First, they manufactured picture frames. Using the leftover pieces of wood, Elliot built dollhouses that sold well. Soon, Matson dropped out of the business leaving it solely owned by Handler and his wife, … Continue reading "Barbie"
Social NetworkWhen they’re not rigging elections, sowing discord, or amplifying hate social networks are a fun, simple, and convenient way to stay in touch. However, they suffer serious privacy issues under current implementations. Electronic social networks, in various forms, are older than Facebook co-founder Mark Zuckerberg. The first online bulletin-board enabling people to chat and hang … Continue reading "Social Network"
Fighter AircraftBackground In 1903, Wilbur and Orville Wright invented the airplane. Other aircraft preceded theirs, lifted aloft by lighter-than-air elements, but the wright brothers smaller and faster airplane was a new breakthrough. People could fly like birds, except faster and higher. The Wright Brothers were furiously worried about their intellectual property being stolen. In hindsight, their … Continue reading "Fighter Aircraft"
Inkjet PrinterInkjet printing produces affordable, high-quality printouts using low-cost personal desktop printers. Background Ichiro Endo, of Canon, was the first to realize the idea that ink could be heated to form a small bubble, then deposited on a page to form a pixel, inkjet printing. John Vaught, a college dropout working at Hewlett-Packard, was working on … Continue reading "Inkjet Printer"
Transcontinental RailroadBackground After much debate in Washington, DC, and with the civil war brewing, Judah presented a transcontinental railroad a “Think Big” project. Asa Whitney had lobbied for a western railroad starting in 1847 but got nowhere. Somehow, Judah cut through the other issues (especially slavery) to get attention and became a central plank of the … Continue reading "Transcontinental Railroad"
Public-Key Cryptography (Public key encryption)Public Key Cryptography (PKC) dramatically lowers the risk of information intercept and also lowers the risk of impersonation. PKC vastly increases security. For example, Google allows people to send queries to them encrypted. But they cannot decrypt the queries sent by others with what they give you, only Google can. Besides encrypting and decrypting, public … Continue reading "Public-Key Cryptography (Public key encryption)"
Ethernet NetworkingEthernet is a computer networking protocol. Before Ethernet, computers were connected using a hodgepodge of various systems, a digital Tower of Babel. Background Bob Metcalfe invented Ethernet at Xerox PARC. However, Xerox failed to commercialize the technology. Metcalfe left and worked on his own Digital (see minicomputers) and Intel to set Ethernet as a networking … Continue reading "Ethernet Networking"
- Blue Ocean Strategy Basics – Buyer Utility Map
Find and solve painpoints to navigate towards a new blue ocean offering. Painpoints are parts of the purchase or use experience identifying parts of the experience which are pains in the derriére. For example, haggling with a salesperson when buying a new car — wasting time while worrying about being taken advantage of — is … Continue reading "Blue Ocean Strategy Basics – Buyer Utility Map"
Streaming VideoEarly streaming video was more science experiment than entertainment. Video over the internet wouldn’t become common for almost 20 more years after the first stream. Background However, computer companies, thinking about the early Internet, were interested in using it for television. These early transmissions required expensive and complicated computers and extremely expensive Internet connections to … Continue reading "Streaming Video"
Light Emitting Diode (LED)“New York City and you’re flying in an airplane and you see all these lights. And you think lights, lights, lights, lights, lights.” Nick Holonyak Nick Holonyak Jr.’s mom was an orphan. His dad was a coal miner. After a stint in the mine’s, Nick decided school sounded like a fine idea. Holonyak was the … Continue reading "Light Emitting Diode (LED)"
Supersonic FlightOn Tuesday, October 14, 1947, a B-29 bomber took off in the Mojave Desert in California. Instead of a bomb, it carried another plane. Chuck Yeager & the X-1 The Bell X-1 “research vehicle” was a rocket fired aircraft. As the bomber climbed, test pilot Capt. Charles E. “Chuck” Yeager, climbed into the rocket aircraft. … Continue reading "Supersonic Flight"
