Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Enjoy Unlimited Digital Access
Get full access to globeandmail.com
Just $1.99per week for the first 24weeks
Just $1.99per week for the first 24weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

Abstract Gear Mechanism

ImageGap/Getty Images/iStockphoto

The latest news and information for entrepreneurs from across the web universe, brought to you by the Report on Small Business team. Follow us on Twitter @GlobeSmallBiz .

Large corporations starting to adopt lean principles

With its tenets of failing fast and constant learning and iterating, the lean startup approach is now deemed imperative for larger companies to survive, according to the cover story of Harvard Business Review. The author, Steve Blank, explains in the article how major corporations including GE, Panasonic, Intuit and Qualcomm, and how top business schools worldwide, are redirecting their curricula to focus on core lean principles.

Story continues below advertisement

"Companies are facing continuous disruption. Business-as-usual is not a credible response. The creation of an innovation economy that's driven by continuous innovation has never been more important," writes Mr. Blank, a Stanford University associate professor and 'Godfather' of the lean startup revolution.

You can read the Harvard Business Review cover story for free here: Why the Lean Start-up Changes Everything.

To learn more about the lean method, check out interviews from one of the movement's pioneers, Eric Ries, as well as Alistair Croll who explains how his book Lean Analytics helps startups use data to build better products and services.

New theme park targets India's urban middle class

India's first big amusement park opens on Thursday with Hindu gods, haunted fortresses and Bollywood-themed rides. Adlabs Imagica, the new Disney-style park, hopes to fill a gap in the Indian leisure market and to appeal to the country's burgeoning urban middle class, reports the Wall Street Journal.

Attractions include a 'Wrath of the Gods' show, in which Hindu deities furious with humans "cause the ultimate destruction" amid temple ruins, Mambo Chai Chama or 'Crazy Tea Cups,' the 'Curse of Salimgarh' involves a haunted fortress with dungeons and torture chambers, while a 'Mr. India' motion simulation ride is based on a 1987 Hindi superhero film of the same name. The park also boasts of India's largest roller coaster, which opens in May.

"It was our vision to create an entertainment theme park of international standards in India," said Manmohan Shetty, film producer and founder of Adlabs Entertainment Ltd., the company responsible for building the park.

Story continues below advertisement

Located between Mumbai and Pune, the theme park cost about $294-million (U.S.) to build and has a capacity of 10,000 to 15,000 visitors a day. A day out for a family of four could cost about $185 – expensive by Indian standards – but Mr. Shetty says is confident that they will meet their target of three million visitors a year.

Hopscotch makes coding fun for kids

A new kid-friendly app is doing its best to change the perception that programming can't be fun. Hopscotch, free to download on the iPad, was created to teach children the joys of rudimentary coding by making programming language visual and bright. Users drag 'blocks' of code into a scripting area in order to build programming, according to All Things D.

Targeted toward girls 8 and up, Hopscotch was created by Jocelyn Leavitt, who, along with her co-founder Samantha John, was inspired by a lack of female engineers at her previous job.

EVENTS AND KEY DATES

Unhaggle named winner of TiEQuest 2013 award

Story continues below advertisement

On April 16, at the Toronto Board of Trade, TiEQuest announced Unhaggle Inc. as the winner of TiEQuest 2013. Founded in 2011 by Andrew Tai, Neal Shah and Radek Garbowski, Unhaggle is a site in which Canadian consumers can pay to have local dealers bid online for a vehicle as chosen by the consumer. Learn more about the award-winning company in 'Who needs the hassle of haggling?' by The Globe's Tim Kiladze.

TiEQuest was started in 2005 with the purpose of helping startups and new businesses. Winners of the competition receive various cash prizes and In-Kind services from sponsors exceeding $150,000 in value.

TELUS Challenge Event: How to manage costs and improve cash flow

Looking for new business strategies to improve cash flow and better manage costs? Interested in listening to experienced business professionals and networking with small and medium business owners from around the GTA? On Thursday, April 25, from 8:30 a.m. to 11 a.m., Telus is hosting a panel discussion on managing cash flow.

EDITOR'S PICKS FROM REPORT ON SMALL BUSINESS

Health scare puts mineral spa on the defensive

Story continues below advertisement

After authorities closed its pool for six months, Manitou Springs Hotel and Mineral Spa has taken steps to encourage visitors to return. How can it combat any lingering negative perceptions and attract more business? Find out in this week's Challenge .

FROM THE ROSB ARCHIVES

How to attract and then hold onto good salespeople

James Palmer, vice-president of sales and marketing with the Great Little Box Company Ltd., explains what he does to draw and keep the 14 salespeople he supervises in Western Canada and Washington state and offers advice on how to stay competitive

Got a tip on news, events or other timely information related to the small-business community? E-mail us at smallbusiness@globeandmail.com .

Join The Globe's Small Business LinkedIn group to network with other entrepreneurs and to discuss topical issues: http://linkd.in/jWWdzT .

Story continues below advertisement

Our free weekly newsletter is now available. Every Friday a team of editors selects the top picks from our blog posts, features, multimedia and columnists, and delivers them to your inbox. If you have registered for The Globe's website, you can sign up here . Click on the Small Business Briefing checkbox and hit 'save changes.' If you need to register for the site, click here .

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies