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How Solving a Common Problem Can Lead to Fame and Wealth

The late 19th century was a time of analyzed the product, sales potential and
massive cultural, commercial and the virtual absence of competition,
lifestyle change in the United States and Gillette made an inspired decision: he
Western Europe. Industrialization was in would sell the razors at a loss to
full swing. Railroads were fully formed encourage sales, use of the portable
and providing speedier movement of implement and accelerate word of mouth
people, goods and foodstuffs to consumers about his amazing razor. Sales expanded
and businesses. Men such as Thomas exponentially almost immediately and the
Edison, John D. Rockefeller, Andrew Gillette Safety Razor became one of
Carnegie and J.P. Morgan were history's most revered brand names. The
transforming commerce and innovation. term "loss leader" or losing money on the
This was a golden age of consumer product first sale to cement subsequent profits
invention.The opportunity to innovate in was born.Gillette quickly realized that
the areas of personal hygiene, comfort his real business was not selling the
and safety were being aggressively razors, but selling the blades. Almost
addressed for the first time in history. immediately he began to give the razors
The evolvement of a mass consumer away. To this day, purchasing a new
marketplace was nascent. The confluence Gillette shaving system includes a free
of this new mass market and a slew of new or deeply discounted razor, thus insuring
products to address perceived needs years of consistent, highly profitable
created a unique confluence of repeat purchases of the blades. Product
opportunities.The daily chore of a man loyalty was insured.The term "planned
shaving facial hair was just such an obsolescence" classically fits products
opportunity. Today, when viewing the like Gillette blades. In the 1890's
pictures and images of this age; we are people threw virtually nothing away.
amused by the highly stylized, gloriously Everything was used until the useful life
cultivated facial hair seen on many male of a product was thoroughly exhausted.
faces. The clean-shaven face is rarely The concept of a product being used and
seen. It would seem as if 1890's men were discarded in favor of a replacement unit
striving to grow works of individualized was novel. It also was key to the
art on their faces.The reason so many men evolution of a dynamic consumer product
cultivated beards, moustaches and goatees market place. We owe much to King
was the difficulty inherent, at the time, Gillette and the business model he
in the process of shaving. Water was not created. It serves us well to this
always readily available to soften facial day.King Gillette was an unlikely
hair and lather soap. Warm water was even capitalist. Even after he had earned
rarer. Most men, of even limited means, millions from his inventions he
used the barber to trim facial hair. When hypocritically preached a strange
shaving ones own beard a sharp, steel anti-capitalist philosophy. However, he
straight razor was essential. Straight possessed all of the essential
razors needed to be regularly sharpened characteristics so necessary to be a
using a strop, and they had to be very successful entrepreneur. He had vision,
sharp. Many men cut and infected drive and courage. Failure did not deter
themselves performing this simple act of him. He sought and found a need. He
personal hygiene. Shaving while addressed that need, driving down costs
travelling on a moving train was down and prices to make his razors and blades
right dangerous. The need to address this affordable to the masses. He provided a
task was ready to be successfully simple solution to a basic human problem:
commercialized.Into this gaping void shaving.King Gillette's lesson for all
stumbled a socialist utopian dreamer striving entrepreneurs is obvious.
named King Gillette. Gillette was Innovation that addresses everyday
considered an under achiever by his problems through simple product benefits
family. His father was a successful will always be in demand. Look around
innovator and his mother wrote a famous your home, hobby or workplace. This is
cookbook, "The White House Cook Book", where you will find potentially lucrative
which remained in print for almost 100 and important commercial
years. King Gillette had received several opportunities.For assistance or
patents but failed in his efforts to consultation on commercializing your
commercialize any of them. He earned his opportunity or invention contact the
sustenance from work as a travelling author, Geoff Ficke, Duquesa Marketing,
salesman. His failures embittered him and Inc. at or email Geoff Ficke has been a
he became immersed in socialism and serial entrepreneur for almost 50 years.
preached a type of As a small boy, earning his spending
anti-industrialism.This most unlikely of money doing odd jobs in the neighborhood,
capitalists, however, while working as a he learned the value of selling himself,
salesman for the Crown Cork and Seal offering service and value for
Company was encouraged by his boss to money.After putting himself through the
continue to attempt to invent new University of Kentucky (B.A. Broadcast
products. Specifically, Gillette was Journalism, 1969) and serving in the
encouraged to invent products that United States Marine Corp, Mr. Ficke
required subsequent, regular replacement commenced a career in the cosmetic
purchases. His passion became the industry. After rising to National Sales
development of a shaving system that was Manager for Vidal Sassoon Hair Care at
safe, portable, efficient, cost effective age 28, he then launched a number of
and required the buyer to replace the ventures, including Rubigo Cosmetics,
implement on a regular basis.King Parfums Pierre Wulff Paris, Le Bain
Gillette took his concept for a shaving Couture and Fashion Fragrance.Geoff Ficke
device, which required an amalgam of and his consulting firm, Duquesa
metals and metallurgical technology, to Marketing, Inc. ( has assisted businesses
the Massachusetts Institute of large and small, domestic and
Technology. Working with engineers at international, entrepreneurs, inventors
this honored school enabled Gillette to and students in new product development,
perfect the elements of the safety razor. capital formation, licensing, marketing,
His patents indicate an appliance of sales and business plans and successful
elegant simplicity.Gillette formed the implementation of his customized
American Safety Razor Company to market strategies. He is a Senior Fellow at the
his invention. Initially, owing to Page Center for Entrepreneurial Studies,
limited capital and a high cost of Business School, Miami University,
production, sales were slow. As he Oxford, Ohio.




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