Vijay Govindarajan, an author and professor of international business at the Tuck School of Business shares insightful, thought provoking and inspiring opinions on the need to dream big (it fosters innovation); the importance of failure (he calls them knowledge building exercises); the need to develop employees as entrepreneurs (to attract and keep the smartest people); and to push the boundaries of innovation by going beyond your traditional costumer base.

Source: Inc

These are 5 ‘powerful’ tips as they are grounded on the basics, the psychology of negotiation. All of them offer tips and precautions that would help keep the upper edge in any negotiation. They include, not conceding ground by offering a range, not expressing negotiating fatigue, driving the negotiation by quoting the price first, taking a call on whether you want to appear as a final decision maker or get some time to think over the deal by pretending you need to consult a higher authority and finally staying unruffled at the other party’s negotiation tactics.

Tyson Toussant and Tim Coombs spent six years developing, a more durable substitute for canvas made from recycled plastic, they called it Bionic Yarn. Here they narrate how they went about turning into a brand.

Source: Forbes

Gordon Gekko from the classic movies ‘Wall Street’ is a character that is etched into the imagination of film lovers as well as Wall Street enthusiasts who do not otherwise care much for movies. But Gordon Gekko is not the only character and ‘Wall Street’ is not the only movies that have content which can inspire business types. Presented here are ten m 11 movies which entrepreneurs should watch and why.

Source: Forbes

Consider a business school that doesn’t have students but clients who own small businesses ranging from landscaping to roofing to metal stamping firms, and are too deeply engaged in the daily grind of their business to think about long term strategy. Entrepreneur Clayton L. Mathile who built a billion dollar pet food business and sold it to Procter & Gamble for $2.3 billion has built such a school to help small business owners deal with the gut-wrenching problems they are faced with on a daily basis, and which traditional universities cannot really help them deal with.

Venture capitalists and entrepreneurs beware, the lure of funding the next Google have lead many to back ventures that may have looked great on paper and should have stayed there. Focus editors chronicle 7 of the most expensive failures that could have been avoided had the investors thought them through.

Source: Focus.com

Entrepreneurs have enough to worry about with managing their companies' daily operations, but what if in the next decade, your entire industry is, as the British say, made redundant? A new report by the market research analysis firm IBISWorld, projects a long-term look at which 10 industries will be the strongest and the weakest.