Many cities around the world are building new social media guidelines for students in the age group of 12. These guidelines serve as a companion for the age group of 13. For the 13+ guidelines, the teens wanted them in infographic form. They wanted the district to recognize that students are using social media for academic and career success and respect their use of these platforms. Preteens, on the other hand, prefer to have the guidelines in an activity book format. These guidelines are helping teachers and parents become comfortable with using social media. Teachers tested them on students and the students were pleased with the results. Read more at: http://theinnovativeeducator.blogspot.in/2016/05/stop-fighting-social-media-start.html

New companies prefer to wait for a few years, exploring their profitable opportunities first, before focusing on their financial stability. There are associated risks, of ensuring continuous availability of funds throughout the initial phase. Again, in order to stay in the competition, it is also important to prepare the business model at the earliest. When firms delay in preparing their business models, there remains a scope of further innovation in the model, but it can be costly too, if a model is rebuilt from scratch. In each business model it is important to understand the tradable values, that may include brand value of a company, the company’s intellectual property rights, user circles, user circle data, and information regarding the stakeholders. Read more at: http://venturebeat.com/2015/07/12/how-to-define-your-business-model-when-your-business-is-still-up-in-the-air/

According to Mike Dalton (Industry Week), innovation requires risk and the goal of a firewall is to identify that risk. The firewall block projects that score low on five feasibilities i.e. commercial, technical, manufacturability, regulatory and intellectual property. At the project charter stage, it is useful to identify all of the stakeholders and solicit their input on all the potential ways the project could fail and what the impact would be. A study of the telephony industry (Ogawa & Ketner, 1997) showed that bottom 80% performers cancelled nearly 30% of their projects late in the process and about top 20% top companies cancelled the same percentage of projects early. Read more at: http://www.industryweek.com/product-development/obstacles-new-product-growth