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When QSRs Think Really Outside The Box In The Innovation Race

PYMNTS

The drive-thru window, for example, first met the market in 1947 when it was introduced to the world by Sheldon “Red” Chaney, operator of Red’s Giant Hamburg in Springfield, Missouri. The concept was invented by a Guatemalan McDonald’s franchise operator, Yolanda Fernández de Cofiño, in the mid-70s.

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Why Banks Merge: Listen to the Sellers

Jeff For Banks

September 2004, driving from a meeting in New York, on the grossly miss-titled Cross Bronx Expressway, Nathan Stovall, a reporter from SNL Financial gave me a call. And what is social media? The question: What was up with an upstate New York bank? He printed it as I said it. Our combination.

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Improving Customer Experience Through Digital Reinvention

Insights on Business

And Blockbuster, which in 2004 had about 60,000 employees and more than 8,000 stores, was in bankruptcy by 2010 because Netflix and other on-demand video providers figured out how to deliver a much more convenient and rewarding experience. And data can be structured in databases or unstructured in social media and video.

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Why The Sweet Smell Of Tech Success Can Be Rife With Failure

PYMNTS

It was bulky, the screen interactivity was buggy and – most critics noted – the Windows XP operating system worked wonderfully for desktop computers, but was a bad fit on a tablet, and mostly served to make it slow. .” That is not quite how the story turned out. After a splashy launch, the feedback on the early tablet wasn’t stellar.

Video 152
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From Instagram To Slack: 9 Successful Startup Pivots

CB Insights

Today, Instagram is one of the more popular social media platforms. But before it became a social media heavyweight, Instagram was a simple prototype co-founder Kevin Systrom built while learning how to program. Below we look at some of the biggest startup pivots in tech history, and why they succeeded.

Video 76
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The Power – And Perils – Of Building Ecosystems Within Ecosystems

PYMNTS

billion people every day on its platform, back in the dorm room days of 2004, it was “a technologically assisted way to find good-looking girls at Harvard and ask them out.”. The deeper these platforms get into payments,” Aberman said, “the more operational overhead they take on.”

Payments 101
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11 Lessons From Startup Chapter 11s

CB Insights

The company announced it was effectively ceasing operations immediately and filing for Chapter 11 bankruptcy, putting more than 1,100 people out of work overnight. In January 2019, Munchery abruptly ceased all operations, as it informed customers via email. By September 2011, Solyndra’s business model had fallen apart.

Apple 78