...Professor Harry E. Stucke BIG GROUP CASE STUDY By Bhuiyan Shariful Kudret Demirkol Alam Mujub Ye Yu LONG ISLAND UNIVERSITY February 27th, 2012 INTRODUCTION The Big Idea Group (BIG) was created by Micheal Collins to help both inventors and corporations meet the innovation challenge. BIG partners with inventors and companies to identify, develop and bring to market innovative ideas. Before BIG Collins founded Kid Galaxy in 1994, a specialty toy company and became a producer of the award-winning Bendos line. Bendos, a line of Gumby-like figures eventually helped Kid Galaxy gross $5 million a year. But Collins, who held just a 4% stake in his company, says he felt there was little growth in store. Collin is exposed to Clayton M. Christensen, a Harvard Business school professor who posited a theory about why companies fail, even with great technology, in his book The Innovator's Dilemma. The professor gave him an endorsement and an undisclosed investment for an idea-hunting company. A year later Collins became a success with Tiny Totes, a set of mini-handbags girls could use to store collectibles. Tiny Totes was designed by an Indianapolis woman who had tried for a number of years to break into the toy business and Collins was able to give her the first break. Almost all of Collins' products are new ideas for toys and consumer products. Collins is now looking to diversify his company Big Idea Group (BIG) which has become successful...
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...6: Introduction to Hypothesis Testing Significance testing is used to help make a judgment about a claim by addressing the question, Can the observed difference be attributed to chance? We break up significance testing into three (or four) steps: Step A: Null and alternative hypotheses The first step of hypothesis testing is to convert the research question into null and alterative hypotheses. We start with the null hypothesis (H0). The null hypothesis is a claim of “no difference.” The opposing hypothesis is the alternative hypothesis (H1). The alternative hypothesis is a claim of “a difference in the population,” and is the hypothesis the researcher often hopes to bolster. It is important to keep in mind that the null and alternative hypotheses reference population values, and not observed statistics. Step B: Test statistic We calculate a test statistic from the data. There are different types of test statistics. This chapter introduces the one-sample z-statistics. The z statistic will compare the observed sample mean to an expected population mean μ0. Large test statistics indicate data are far from expected, providing evidence against the null hypothesis and in favor of the alternative hypothesis. Step C: p Value and conclusion The test statistic is converted to a conditional probability called a P-value. The P- value answers the question “If the null hypothesis were true, what is the probability of observing the current data or data that is more extreme?” Small p values...
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...One afternoon, while finishing up your shift as the stock manager at Circus Supermarket, the store manager tells you that he desperately needs some help with an inventory problem. In the back of the store, he shows you an unmarked, unopened tin can and explains that the owners of the store are threatening to fire him and all his staff if they cannot keep track of the items that they sell. There are no inventory records to trace the origin of the can, so he asks you, the stock manager, to help him figure out what is inside. There is one catch. He does not want to open the can, just in case there is something expensive inside. Instead, you as the stock manager will ask questions about the can from the store manager, your instructor. 1.Ask at least two questions: •You should first ask at least two questions about the can itself, and your instructor will answer all of the questions you have about the can. •Be sure to read the questions posed by your classmates to avoid asking the same questions and to further expand the investigation with new questions. •You can also request that the store manager do things to the can and then report back with the results. For example, if you would like to ask, "What sounds do you hear when you shake the can?" that can count as one of your questions. 1. First, I would examine the can to see how much it weighs, width, and how long the can is. 2. Then, I would go back in to the inventory records to check all record on what it could be...
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...What patterns to you see in the distribution of earthquakes across the continental United States? Most earthquakes occur in the United States along the coast of the Pacific, particularly the shoreline of California, Alaska and Japan in addition to earthquakes that occur in the mid-west and east coast states and along the border amid Kentucky, Missouri, Arkansas and Tennessee. As noted, the highest levels of risk are in the west coast whereas the eastern central region is more moderate risk and insignificant risks are among northern and southern regions. Locate your home on this map and make a note of the relative risk to you by indicating the color where you live. Chicago, Illinois – has a very low hazard of occurrence. Magnitude: 2.5; Region: Mid-West. According to Earthquakes (2012), Illinois is at risk from two major seismic zones, the Wabash Valley Seismic Zone and the New Madrid Seismic Zone (NMSZ). The Wabash Valley Zone is located between southeastern Illinois and southwestern Indiana. The NMSZ is located in the Central Mississippi Valley and includes portions of the states of Alabama, Arkansas, Illinois, Indiana, Kentucky, Missouri, Mississippi, and Tennessee. During any 50-year time span, there is a 25% to 40% chance of a magnitude 6.0 or greater earthquake in this seismic zone. Since 1974, the year network monitoring of seismic activity began, more than 3000 earthquakes have been recorded in the NMSZ. Fortunately, none of these earthquakes exceeded a magnitude...
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...What types of measurements indicate that climate changes is occuring? Climate changes is a constant and recurring process, that has been developing for years and years of human activity and environmental changes and tranformations that not only changes the course of the weather condition and the climate to change over a large span of time. How were these collected? Measurements have been collected through multiple sources. These include the daily reading and the excerption of utilizing machiney and equipment to analyze the tends and patterns of climatic change that not only helps us analyze the past weather condition and the current temperature. What are some of the challenges associated with collecting data over large period of time(ie, 100 of years) ? Amongst the most important challenge that has been witnessed by many weather analysis and people serving the weather department alltogether is the notion of credibility. This is because verification of these temperature is hard to analyze; therefore any analysis or interpretation that may be developed would be leading to chaos and differences rooting and stemming fram a broad margin. How has technology enhanced our ability to collect the data necessary to understand climate change? Modern technology has provided a stable platform, an efficient user interface and on entire new paradigm of software applications that not only help us maintain daily records of temperatures on a routine basis, but also make historical records...
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...Scenario 1: Ask a question: The scientific method is a cycle of observation, developing a hypothesis, experimentation based on the hypothesis, and identifying conclusions. Through successive rounds of the scientific method hypothesis are refined into theorems that can explain our observations. You reach for the switch and the light doesn't come on. What would you do next? Would you try the switch again? Did I flick it all the way first time? Then I would check to see if there was anything wrong with the electricity, by trying to turn on other lights in the house or looking to see if any electrical appliances were working. And so on and so forth until I found out why the light wasn't working. Do background research: The light doesn't come on the first time that I flick the switch. Based on experience I know a few potential causes of this observation, namely: faulty switch, no electricity, or burnt out light bulb. Using this background information I can then form a hypothesis as to why the light bulb didn't come on when I flicked the switch. Hypothesis: The light bulb didn't come on when I turned the switch because the light bulb has burnt out. Experiment: Take the old bulb and test it in a known working socket (at a neighbor's). Experiments should ideally have only two possible outcomes. Either they will support the hypothesis or disprove it. If the light doesn't work at my neighbor’s house then there is something wrong with the bulb. If it does then something else...
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...Herbert Lubalin was colorblind in his career. Despite that, his constant search for something new and a passion for idea and concept made him one of the most successful art directors of the 20th century. His concept has informed graphic design historically and in the present day. In 1962, Lubalin’s studio gave him the opportunity to take on any projects with Ralph Ginsburg, from poster and magazine design to packaging and identity solutions. They sent three million letters to Americans ‘of higher than average income and intelligence’ to announce the publication Eros, a quarterly magazine ‘entirely devoted to Love and Sex.’ Like many of the ‘Big Ideas’ in New York, Lubalin had a liberal political streak, despite having no political aim....
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...The key problems that BIG will face while transitioning their routine into the home and garden industry are having limited networks, smaller hunts, limited barriers, and a lack of managerial expertise. BIG will struggle to complete their routine hunts and winnowing without a panel of trusted industry experts. In addition, a skilled manager would be required to provide the personality, creativity, and intelligence similar to that which Collins provides within the toy industry. Collins also recognizes that the home and garden industry hunts may be smaller (Christensen & Anthony, p12). BIG’s routine should be analyzed to determine if it needs to be altered to meet the needs of smaller hunts and additional analysis would be performed to determine if the hunts would profit the company due to the reduced attendance. Initially BIG will face limited barriers within the home and garden industry until it establishes a strong network. Overall, all of these problems can be extinguished by resolving the main problem of identifying a skilled manager. The main problem for BIG is identifying a skilled manager to provide the necessary expertise for a successful transition into the home and garden industry. This problem is more important than the others is because the existence of a skilled manager would in turn decrease the risk of the other previously addressed issues. BIG’s routine depends a lot of the hunts and winning which is a team effort that is driven by the manager. The managerial leadership...
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...Rafael A. Rivera-Torres EDUC 171.001 Instructor S. Franklin January 22, 2014 Five big ideas for freshman orientation As mentioned by Robert Talbert, most freshmen do not have a good concept in how to manage the freedom college has to offer. By this article Talbert gives current and/or future Freshman Orientation Leaders five topics that should be emphasized more than any other topic. In fact, Robert covers top key points to success when transitioning from high school to college life. He starts by addressing how high school expectations differ from those in college, and make his way through tips in time management, academic honesty, health, and how to use free time—which in my opinion he could have included it in the second topic, time management. From a student’s point of view, it could be said that Talbert may be going too far concerning how to handle free time, yet someone else may say this topic was the best explained topic. Who does not think that time belongs to them? Talbert clarifies to whom students’ free time really belongs to. In overall, students do not want to face this reality, but when in college one’s time should be generally spent on her/his education. He is fair, as well, when he speaks on expectations. His explanation on the topic makes it clear that students are no longer in ‘high school.” Idea that many students, including myself, do not understand until academic issues arise. When addressing academic honesty, he brings up a common, although inadequate...
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...Phat Trieu COB 487 Write-up #1: Article The Big Idea-Creating Shared Value Questions: Is there a linkage between business strategy and corporate social responsibility? Nowadays, many companies have put so much effort into improve their social and environmental consequences from their activities. However, some of them are succeeded and some are not nearly productive as they suppose to be. In my opinion, there are possible two reasons in which are due to the pitfall of their business to our society and the un-alignment between social responsibility and firm’s strategy. How can firms create shared value? According to the article, the notion of shared value means realizing what our community needs in terms of economical needs and defining our markets. Besides, thinking about the shared value definition does also mention about the harmful ways that business can bring to our community such as wasted energy or wasted materials from the production. Hence, many firm’s strategy has brought deep-down noticing the important notion of shared value in order to reduce harmful waste as much as they can. For example, the “fair-trade movement” has intend to improve the productivity/efficiency of farmers to produce higher quality product with low waste from its production. Is the competitiveness of a company and the health of the communities around it mutually dependent? In my opinion, the answer is not only mutually dependent but also they are interwinded. The view of business...
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...Big Idea 2: Biological systems utilize free energy and molecular building blocks to grow, to reproduce, and to maintain dynamic homeostasis. Passage 1: “Of course, just because we can’t survive a true deep freeze doesn’t mean our bodies haven’t evolved many ways to manage the cold. They have. Not only is your body keenly aware of the danger cold poses, it’s got a whole arsenal of natural defense. Think back to some time when you were absolutely freezing-standing still for hours on a frigid winter morning watching a parade, riding a ski lift with the wind whipping across the mountain. You start to shiver. That’s your body’s first move. When you shiver, the increased muscle activity burns the sugar stored in your muscles and creates heat. What happens next is less obvious, but you’ve felt the effect.” (page 35) Enduring Understanding (Number and Letter): 2.C.1 Explanation: Organisms utilize feedback mechanisms to manage their internal environments and respond to external environmental variances. Dynamic homeostasis is controlled through...
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...One of the main big ideas in the novel is relationships between mother and daughter. In the novel, all of the main characters are four mothers and four daughters, and in the plot, all of the characters show a relationship and a connection between each other. For example, when Rose Hsu saw her brother, Bing, fell down on a cliff in the beach, her mother, An-mei, punishes her by going back to the beach and finding him. The next day, Rose and An-mei couldn’t find him at the beach, which means that Bing is dead. Then, Rose learns her lesson from her mother which is to have fate in trying everything. An-mei also said, “You must think for yourself, what you must do. If someone tells you, then you are not trying,” (130) and she meant that Rose should...
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...What types of measurements indicate that climate change is occurring? We can definitely measure the climate changes when change occurs in the temperature. This winter has been horrific and seeing the temperature drop drastically is definitely a sign of the climate change. More snow and precipitation is seen. Water levels rise. I live right near a river and the ice buildup caused flooding in the nearby neighborhoods where some residents needed to evacuate. In the spring, pollen counts rise which can indicate climate change. Droughts can occur which is an obvious climate change. How were these measurements collected? Technology has definitely progressed and collecting measurements in climate change is easier to record. Above just observation, satellites can collect data along with instruments like weather balloons. Comparing old data records can help us see the changes over time by comparing and analyzing data. What are some of the challenges associated with collecting data over large periods of time (i.e., hundreds of years)? Since technology wasn't as advanced as it is now, data collected over the years may not be as detailed and we can get now. Theories have been created and it’s not possible to go back in time to reevaluate what was written for that time. Scientists were limited in what they could test as compared to today’s abilities. How has technology enhanced our ability to collect the data necessary to understand climate change? Since the equipment...
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...Running Header: Unit 9 Final Project Unit 9: Final Project MT300-28 Big Ideas in Science: From Methods to Mutation Professor Atkins Submitted by Paula Ahl October 1, 2012 PART I: SCIENTIFIC METHOD Each and every day, we are faced with having to make split-second decisions, and the need to solve random problems that we encounter. To reach those decisions and work those problems out you are subconsciously using the scientific method. Apply the five steps of the Scientific Method to two situations that could occur in your everyday life. Use the scientific method in the first scenario provided below to solve the problem at hand. Please come up with a second detailed scenario on your own and follow the same steps in the scientific method to find a resolution. Scenario 1: You arrive home late at night. You walk up to the front door, unlock it, and reach in to turn on the light switch located just inside the front door. The light does not come on! Now what? 1. Name the problem or question you are trying to solve. One evening I came home late, my husband and children were out for the night, I unlocked the front door, reach in to turn the light on and it doesn’t come on. I go back to my car for the flashlight. I need to identify where the problem is generated from. Why doesn’t the light turn on when the switch is switched on? 2. What is your background research? Check the neighborhood to see if electricity is out. Check to see if breaker has flipped. ...
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...Sprint: How to Solve Big Problems and Test New Ideas in Just Five Days The book “Sprint: How to Solve Big Problems and Test New Ideas in Just Five Days” by Jake Knapp, John Zeratsky, and Braden Kowitz, published in March 2016, deals with the plan how to combine imagination, design-thinking, and a stop-clock to solve some of the most pressing challenges you’ll ever face. Jake Knapp, who created the Google Venture sprint process has run more than hundred sprints with startups. John Zeratsky and Braden Kowitz were just as successful as Jake Knapp before they worked together at Google Ventures. John Zeratsky has designed mobile apps, medical reports, and a daily newspaper, among a lot of other things. Before joining Google Ventures, he was a design lead at YouTube and an early employee of FeedBurner, which Google acquired in 2007. Braden Kowitz founded the Google Ventures design team in 2009 and pioneered the role of “design partner” at a venture capital firm. These three partners at Google Ventures, published a unique five-day process for solving tough problems, proven at more than a hundred companies. Sprint offers a transformative formula for testing ideas that works whether for a start up or a large organization. Within five days, the plan moves from idea to prototype to decision, saving the company and their team countless hours and countless dollars. This book is a Do-it-yourself guide for running your very own sprint to meet your most urgent challenge. – But how does it...
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