NYX Resistance

This is all of the prototype describing information that I have provided throughout the year. I have added the information requested upon our prototype meeting. Any missing information (costs and cost breakdown) will be presented in our final assignment.

NYX is asking for the full 10% bonus with our information provided and the three prototypes as seen in the above photos and at the final pitch.


Dear Evan,

Please review the following for the NYX Resistance Prototype proposal.

Prototype Description:

As our prototype strategy is that of a ghetto mash up we have been and will continue to build the prototype in stages:

a. NYX met with Erin (a UofC Kinesiology Student) to compete our first prototype – this was a basic long sleeve cotton t-shirt that has written on it a mapping of muscle groups (please see blog for visual)

b. NYX advisor Barb and NYX teammate Casey met on a weekend to complete the first working prototype. This took over 5 hours to complete and can also be found on the blog. It has resistance properties and materials as well as moisture wicking and compression features.

c. The final prototype will be created within the next couple weeks. A due date will have to be discussed reviewed and communicated between NYX, Barb and yourself. This prototype will address issues from the last prototype. The prototype will be the last and the highest functioning prototype given the finances, tools and time available.

In my humble opinion I feel that working prototype 1 (bullet point 2) is worth at least 5%. The 5 hours to complete did not include designing the shirt, gathering the materials or the 3 hrs total travel time to Barb’s office location. NYX feels that a third and final prototype (bullet point 3) should easily give NYX a 10% bonus as a great deal of effort, money and time will be put into the prototype, especially considering that both NYX teammates and advisors have other priorities besides the creation of prototypes at this time.

All three prototypes can be brought in for examination at anytime and will be produced in time to meet the deadline. If a meeting is required to discuss this information further please provide NYX with times that will fit your schedule.

Sincerely,

Casey Stitt on behalf of NYX Resistance

Hi Evan,

Sorry for the delay in my response, I have been swamped with life lately.

The descriptions of the current prototype features are as follows:

1. Moisture wicking fabric

2. Compression fabric

3. High resistance fabrics targeting specific muscle groups

What I have learnt from designing and building this prototype:

a. What we used to create resistance was several layers of spandex. Although this created high resistance it turned out to be very heavy. It also decreased the moisture wicking functions of the shirt.

b. Cutting, measuring and sewing several layers of fabric is very time intensive. Realistically we could not mass produce this as effectively as another design.

c. The shirt we used as a base layer was not tight enough to offer the support required to target the muscles.

I will be altering the design of the shirt as well as the inputs for the final prototype. First of all, the shirt will be much tighter than the last. It will fit skin tight to our model and rep Ian. I will not be using spandex as resistance materials for the final model. I will instead be using elastic fabrics that offer high resistance without layering. I will also be adding a mesh fabric to the shirt to ensure that the shirt will be moisture wicking through the elastic fabric. Lastly, I will alter the visuals of the shirt. The last prototype was done to show the isolation of muscle groups. The final shirt will be an athletic shirt that will be visually pleasing.

I hope this clears things up. I will include another explanation of the features for the final prototype on the blog once I have created the shirt. This will be created to explain the prototype for the final 5% bonus.

On an unrelated topic, I was wondering if we are inviting the advisors to the finals on December 8th. In my opinion the advisors may like to see the final works of students that they have supported this semester.

Thanks,

Casey and NYX Resistance

Dear Evan,

The final prototype has been created and the images have been posted on the blog. This is NYX’s final proposal for the remaining 5% bonus for this prototype.

Prototype number three is the last stage of ghetto mash up and makes the connection between experiment and the sales ready prototype. The features of this prototype are as follows:

The Hades Model:

· The base layer fits next to skin to ensure compressive and moisture wicking properties

· Mesh venting to ensure that moisture wicking is still possible through thicker layers of fabrics, especially around the resistance zones

· New elasto-resistant fabric (elastane) to ensure a lighter shirt, higher resistance, fewer layers and a more focused/targeted muscle working surface

· Sticky lining along the bottom of shirt to ensure that there is no slip so that the shirt is continually working the body

· Visually appealing design, NYX branding, logo branding and focus has shifted slightly away from technical to visual

· Elaboration of previous point: much of the resistance materials have been hidden and/or placed within the shirt to add to visual appeal

Inputs:

Shirt, thread, elastic, needles, sticky lining, mesh fabrics, labour, transportation, design hours

Justification:

This final prototype is worth the final 5% because it takes into account the issues of the previous working prototype. This shirt is lighter, tighter, more moisture wicking and it is a simpler design. The issues addressed for the first 5% have been solved and fixed for this prototype.

This prototype is more prepared for sale aesthetically speaking since care and time has been put into the visual components of the shirt. There is a large change in the physical features of the shirt. Much of the resistance material has been placed on the inside of the shirt to hide the functional design and aid in the aesthetics. The use of color and design has added a finished quality to the final design. Additionally, a logo has been designed and created can be seen on the shirt. Our brand name, NYX is also visible and ready to advertise for us.

The venting and different use of materials has created a lighter, sturdier shirt that is just as functional. Another feature that has been added is the stick grip elastic on the bottom of the shirt to keep it in place. It is a tighter fit to make sure we are meeting the bare minimum requirement for the market (compression and moisture wicking).

The inputs of this shirt have been more costly. Gathering inputs, the creation and building of the shirt has taken more time and resources. Visually, financially and physically this shirt has been more challenging than the last by a large shot. The improvements are measurable by the written information above as well as a physical examination of the shirt itself. This shirt took 11.5 hours to build as opposed to 5. The costs of the inputs more than tripled and this does not include the hypothetical cost of labour involved (the first shirt cost just over 20 dollars). The three hour trip to Barb Stitt’s location we still made (aka: transportation). Lastly, the difficulty of this design and build has more than doubled. This effort deserves the additional 5% bonus grade. As always, the shirts can be seen for examination at any point, so let’s set up a meeting!

Thanks Evan! Enjoy your weekend.

Casey and the NYX Team

Competitive Advantages:

Several patents covering several designs will ensure that the competition will have to work to copy our product. The first model, The Hades, is one of several that will be created and sold.

Endorsements will also play a role in keeping NYX competitive. Professional athletes will use NYX products because they will see improvements in their game. Paid endorsements along with word of mouth communication filtering down from the pros will keep gossip focused on NYX.

In the first year we will be manufacturing in house. As we will be Canadian born and manufactured this will encourage clientele to purchase local goods. When it comes down for Canadians to choose what product to purchase this may be a deciding factor.

In the second year we will be moving our manufacturing overseas to reduce costs. If competition breaks out into a price war NYX may be able to keep costs low due to this change. This will ensure that NYX will be able to still compete for a piece of the market.

Risk Management:

Risk management will be handled through extensive testing. The human performance lab will test out all of the functions that each design will have. Any mistakes or possible injuries will be identified before sales.

Business and liability insurance will be purchased to protect NYX against any claims or lawsuits that may arise above and beyond testing.

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This particular topic is a rather hot and debated issue on the internet right now. The large Swedish fashion chain H&M has recently admitted to using computer-generated models to showcase a range of collections on its website. These virtual models look completely human; however, many consumers when were noticing that all of the models had the same body shape and pose. Essentially H&M would take the real model’s head and then superimpose it on the body. Finally they would adjust the skin tone of the digitally altered body to match the complexion of the face.

H&M's recent method has created some controversy among consumers who have criticized them for creating a false reality for its customers by creating an unrealistic body image for women to live up to. Additionally, consumers argue that the clothing doesn't fit or look the same on real people as they do on the models.

Now I don't really have an opinion on the matter; however, what I have learned through reading this article is that in the clothing and apparel industry, being upfront and ethical is something that is obviously very important to consumers.

This particular issue in my mind is rather insignificant; however, to many consumers they are extremely upset about it (I read a number of the comments on the article) and it has definitely given H&M some negative publicity. I think the real lesson to be learned for NYX is that we need to be authentic about our product and stand behind what it can do without any fluff. Word spreads quick these days through the internet and social media that companies can no longer afford to make costly mistakes. Overall this article really opened my eyes to the fact that companies in the spot light walk on a very tight rope and even small choices that are usually implemented to cut costs can damage your reputation and in the long run cost you more in handling the negative publicity.

Link
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I was reading Seth Godin's blog the other day and he posted an interesting quote that we can all relate to in our personal lives as well as in our businesses. The post was titled Insulate yourself...


"from anonymous angry people
Expose yourself to art you don't yet understand
Precisely measure the results that are important to you
Stay blind to the metrics that don't matter
Fail often
Ship
Lead, don't manage so much
Seek out uncomfortable situations
Make an impact on the people who matter to you
Be better at your baseline skills than anyone else
Copyedit less, invent more
Give more speeches
Ignore unsolicited advice"

I really took to heart the fact that as an individual it is important to constantly be focused, to get out there and learn as much as you can even if you don't understand it initially, be a leader and not a manager, realize that it is ok to fail because it means you tried to do something, and last of all ignore those around you that you aren't interested in their advice. More than anything, I found these words to be inspirational and provide a guide to our own personal lives and how we can grow and develop a business. 

Link
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I discovered an interesting article on Mashable that discusses 7 different tips for bootstrapping your own business and I figured many of you might be interested in reading. I think most of our ventures in the initial stages would be planning on bootstrapping so I felt it was pretty relevant for the whole class.

Tip #1: Test the market - Before you spend any money on pursuing your venture go out and ask potential consumers how much they would pay for your product/service. This will help validate your model and justify spending the time and money to build your company. Additionally it will help determine which functionality you need immediately, versus what can wait.

Tip #2: Efficiency - To bootstrap, you need to be as efficient as possible. Do small and  inexpensive marketing tests until you find the medium that produces the best results. When designing your website,  add the most important functionality in order to get a product to the market.


Tip #3: Keep the team small - Large team's drain cash flow quicker than any other expense in your budget. Until you have a positive cash flow, only hire people you absolutely need.  Give current team members multiple job functions, and offer stock option incentives instead of cash.

Tip #4: Interns - For your startup, interns provide free or inexpensive labor that leads to quicker profitability.

Tip #5: Marketing - Try outsourcing your press releases, this can be done by contacting reporters on your own. Do an internal audit and think of stories and outlets that are related to your project and come up with a simple pitch for a story idea. The article recommends the use of  MediaSync to get a reporter’s email address and contact information. Reporters are always interested in hearing from the CEO of a company.

Tip #6: Outsourcing -  Web design and programming can easily be outsourced and can be much cheaper and save you time. Elance and Freelancer are two good sites to outsource work to. On these sites you can either post your project and have people bid on it, or you can search through the talent and contact potential candidates directly.

Tip #7: Social Networks - Using Facebook, Twitter and other social media outlets are a great to connect and interact with your customers. Both are free networks that you can use to promote your business to a broad audience. Additionally, become an expert in your field of business and blog on your own website or on others, this will build a community around your brand and keep customers coming back.

Link
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In reflection of my entire experience and what I took away from this course overall it was an interesting journey. The whole blogging concept took me a little bit to get used to, but after a while I got the hang of it and I actually rather enjoy it. There were definitely times throughout the semester that I felt a little stretched or I was a little uncertain what to do; however, I learned that pretty much all of the information we need is already at our fingertips we just need to go out there and look at what others have done (the internet is a great tool for this).

As for our final pitch, I felt it went pretty good, being the competitive person I am, it's never fun to come in second place, but at the end of the day Mido did a great job and thus I recognize it is important to give credit where credit is due. In hindsight, I think the area that we probably could further develop in our pitch is making the problem a little bit more convincing (it was somewhat compelling). The great thing about pitching in front of judges in this particular environment is that it provides a safe environment where we can all learn from our mistakes and improve.

Lastly, I would like to say thanks to Evan for giving his time to teach and mentor this class, it is great to learn from an individual with so much experience and knowledge. I found every class I took away a piece of knowledge that I didn't know before and for that I am very grateful. Also on behalf of the entire class thanks for providing a relaxed and fun learning environment.

Last of all, I would like to say thank you to all of my teammates, you guys are amazing and I look forward to working with you in the next class. Until next semester, thank you all for providing your input on our venture and for making this class such an enjoyable experience.

Cheers
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This week has been a busy one with respect to getting our final pitch ready, building our venture package, and working through our supply chain. We decided to make two different supply chain charts with different strategies.

In order to keep our manufacturing costs manageable in our first year while we create demand, we felt that it would be best to manufacture locally here in Calgary. This will enable us to work and fulfill orders on a JIT basis and cut holding costs. Additionally, we discovered that if we were to manufacture across seas, usually they require large orders of which in our initial faze we would like to keep overhead costs as low as possible.

Upon discussion with our board of advisers, we chose to move our manufacturing overseas in our second year. Once our demand creation plan has run its course in the first year, we will expect greater demand for our product and for this reason, it wouldn't make any sense to continue manufacturing locally when we can save substantially on the cost for each shirt by producing overseas.

I actually rather enjoyed working on the supply chain for this particular venture. I've taken a class in supply chain prior to the class; however, I found that working out the logistics and whatnot for your own business is much more interesting than being taught from a text book. After we looked at our financials again through a supply chain lens, it was rather interesting to see the impact that this process had on our business and the cost structure.
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The pitch workshop conducted in class I believe was probably one of the best if not the best I've heard. The framework that was presented was very simple yet effective. When writing a pitch, I've always found the introduction to be the hardest part because if you are unable to capture the audience in the first minute of your presentation, you've lost them for the entire pitch. The "ah ha!" introduction is a great way to provide the audience with a background as to how you came up with the idea and can really sell the investor on your dedication to pursue and persist with the venture given difficult times.

Additionally, the exercise of putting your business concept into a twitter summery was challenging; however, it made it easier to communicate when pitching. The format "We created ______that does _______ which solves ______ for _______." Is a simplistic way for any business to describe what they do, who it's for, and the problem it is solving.

Another interesting piece of information that I took away from the workshop was the concept of knowing and researching your audience. The topic of pitching to Canadians differently than Americans I found to be rather interesting and something I will keep in mind for the future.

Overall, the 10 step process that was shared really simplified pitching for me. I often would make writing a pitch a really big deal and it was definitely not one of my favorite things to do. With this framework, it is easy to write a great pitch and have the confidence that it will generate a positive response.
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The Prototype Works! Yesterday was the first time I got to actually test out our prototype. I wore it to soccer practice, it was an indoor practice so I was a little warm wearing it. But today really tells me that it worked. My entire core is sore. It feels like I did an ab workout for hours yesterday. I love this feeling and love how our product worked! I did not feel that it slowed me down at all in practice, I felt it kept me more secure and less vulnerable to injury. Great work Casey and Barb! Cant wait to wear it again!!!
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This week we had the opportunity to have Jasmine come into our class and teach us about pitching. Through both my entrepreneurship classes as well as my participation in SIFE (Students in Free Enterprise- an organization on campus that is creating social change through business) I have had quite a few different pitch and presentation work shops. This one was laid out differently and was much more straight forward then the other ones. All of the other pitch workshops the teachers focused on "doing what is right for your venture" were Jasmine was better at being more specific of what we actually need to do. I liked that she gave us the statement:
"We create___that does____which solves____for ____."

And I can see the value in actually putting it one the slide. Her presentation was very clean and I felt that she knew what she was talking about which added to the credibility of the presentation and made me want to do what she recommended.
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This week was our final advisory meeting. It was not the most productive but it was very good to see we were on the right track. The advisors showed us that we are on the right track with our supply chain. We have now developed two different supply chains, one for year one when we will be manufacturing in Canada and then for year two and beyond we will be manufacturing over seas. By manufacturing overseas we must identify the risk and rewards associated. Some of the risks include: lack of quality control from one of the founders, risk of having the designs stolen, uncertainty with the manufactures as well as decreased ability to give feedback and make adaptions to the product. But it could end up being significantly cheaper and it is easier have mass production. By keeping production in-house for the first year we will be able to get rid of any of the "kinks" or issues that will arise. That way by the time we send the design over seas it will be clean and not need any adaptions.

Our year one financials needed some small changes. Erik and Jon gave us some insight into things that I hadn't thought about before. This was very helpful because there experiences have shown things that I wouldn't have other wise thought about. Our board has been amazing and has given us such great help and insight.
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This week was very busy with other classes as well as having some personal health issues, which put me very behind. I got very confused by some of the financials, they were more extensive then I felt I had the ability to finish. I was also un-sure of what was required because the spreadsheet from the University of Colorado is very extensive.

This was also our second blog review, which unfortunately Matt had to go to all by himself. I also discovered that although I had delegated the one page project plan to another member and had reminded him to finish and post it, it didn't get done. This was very frustrating as I could have easily had it finished and posted long before the second blog review.

Learning about the financials was educating, and looking at the different spreadsheets was cool to see how in-depth and advanced they are. It was pretty cool.
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What does compression sports wear actually do?

There are several things that it actually does for athletes. It keeps muscles warm in order to reduce muscle straining, reduces chafing, and offers padding in various areas. Many athletes believe that it increases their performance.

It is known through research and personal communication with people directly in the industry that the technology behind compression wear is continually evolving, and by just changing the weave of the product, can produce a completely different outcome for the products use. Technology in compression wear is very important, and according to our personal communication many large companies like Under Armour create poor compression wear and it is only due to their marketing why the company does so well.

It is going to be very important to find research and proper technology for Nyx's product.
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Source: TedTalks, Joe Sabia: The Technology of Storytelling

Website: http://www.ted.com/talks/joe_sabia_the_technology_of_storytelling.html

This Tedtalk goes through the story of telling stories through the use of technology. Although it is an entertaining performance, I found myself wondering continually for most of the four minute presentation what the point of this presentation was. Once it had finished I realized that it must have been a pitch for the new IPad.

I chose this as an infobit because this is a representation of a pitch that is against the grain. We are continually taught to pitch using a formula; explain problem, present solution, etc. An interesting conclusion is that entrepreneurship is about creativity and recognizing new methods for business but we continually pitch in the same formal manner. It’s actually kind of ironic that in an industry that is built upon innovation we use a traditional format.

As Apple is known as an innovative company, a pitch such as this turned out to be very appropriate as well as refreshing. You do not expect to be pitched to in a style that does not fit into the usual format. As up and coming entrepreneurs that will be consistently pitching our new ideas it may be something for us to consider to have an innovative pitch that complements our innovative businesses.

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Source: www.sciencedaily.com, Compression Clothing has little impact on athletic performance, study suggests

Website: http://www.sciencedaily.com/releases/2010/06/100603140955.htm

This article explains the results of two studies held to determine the impact of compression materials on athletes. Approximately 50 athletes partook in the research. Each athlete was instructed to wear compressive bottoms while performing specific exercises. The testers measured both the mechanics and economies of the athlete’s outputs.

The results from both experiments were consistent. Compression fabrics do little to nothing to improve the results of athletic pursuits of the athletes wearing the garments. This led to the conclusion that compression fabrics do not assist the body in achieving higher performance.

This infobit is important for NYX to consider because one of the functions of our prototype is compression. It is difficult to decide whether or not to partake in a fashionable trend such as compression fabric in this industry. It seems like that if you are not offering this fabric you are not equal with the market, even if the fabric is not functional.

Not only is there little function behind compression fabrics, there is also a negative rumour amongst some crowds. This rumour is that compression fabric can actually cause injury if used improperly. The thought behind this is that compression fabric weakens muscles. This can cause injury because the muscles come to rely on the compression and when it is removed they can become strained.

NYX must understand the needs and wants of the athletic clothing market and decide what we stand for and how we will participate in this market.

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According to Collections Canada "Industrial designs include the visual features of shape, configuration, pattern and ornament (alone or in combination) that are applied to a finished item of manufacture." However, with a 10% change to that finished good, anyone is able to make their own and patent that product. It could be as simple as the placement of the bands in the Nyx-Hades shirt and it can be replicated. Nyx will have to look into multiple patents in order to cover a 10% difference. This may also get very pricey.
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Alibaba is the fastest growing Chinese site today. Alibaba connects small business owners to suppliers, machinery, packaging, and manufacturing. Alibaba not only connects business owners through a very large network, each quarter they will spotlight 10 top inventions out of thousands on the site. According to several people Alibaba users (business owners) are often at the forefront of developing intellectual property that fuels the global economy. This is a definite route for Nyx.
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Date: November 25, 2011

Time: 10:00 AM – 11:00 PM

Location: EB 2110

Attending:

Advisory Board Members:

- Erik

- Jonathon

Team Members:

- Ian (Facilitator)

- Colby

- Matt

- Christa

- Casey (Administration)

Agenda:

1. Introduction

2. Supply Chain

3. Cash Flows

4. Address previous action items

a. Fabric swatches displayed

b. Final Prototype development explained

5. Address the parking lot

a. Flat lock sewing machines

b. Prototype update – how we are getting our 10% bonus

6. Explanation of the next two weeks

a. Business Plan

b. Prototype Development

c. Final Pitches

7. Final Conclusion, exchange of contact information and Thank you to Advisors

Action Items:

1. Final Prototype Development

2. Business Plan

3. Pitch Development for Finals

Summary:

After introductions, Ian opened up with an explanation of the supply chain assignment. As a group we discussed realistic assumptions around timing as well as manufacturing. The availability of suppliers and their shipping schedules was discussed at length. Matt documented the group decisions to help to finish the assignment during our next NYX team meeting.

Along with the basic inputs and outputs of our supply chain we discussed Key Value Events as well as Key Performance Indicators for NYX and the distribution of the final product. The final decisions are below:

The Key Value Events are:

- Market validation – having the first working prototype validated by the market

- Empirical results – having a finished prototype that provides actual results from studies in the human performance lab

The Key Performance Indicators are:

- Perfect order rate

- Average days on hand

- Backorder rate

- Forecast accuracy and seasonality

- Number of loading time per vehicle

- Labour Productivity

- Cash Flow

- Efficiency of Assets

The next item on the agenda was cash flows. A brief description of this assignment was provided to the board. Upon discussing the requirements we decided that a connection with Jim and Barb may provide more insight towards this project. If we require assistance with this assignment we will email them with specific questions to help finish the project.

Casey took time to explain the final prototype and its properties. She outlined the email sent out explaining how NYX intends to get a full 10% bonus grade on the prototype development. She then outlined the final prototype; the inputs and expected expenses for NYX to incur. A flat lock sewing machine will be used to create the last prototypes. The final prototype will be created during the week of December, 01 2011.

Ian concluded the meeting by outlining the next two weeks of the Model the Start class and what NYX’s requirements are.

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I was so inspired and excited about our class with Stephen Kenny today that I decided to immediately blog about it. First of all, lectures conducted by Stephen are always interesting. Stephen has a real way of capturing the attention of the room as well as presenting concepts in a way that is simplistic and interesting.

The FCF (Free Cash Flow) spread sheet is a tool that I know will get lots of use well beyond this class. Being able to tinker with our companies evaluation and to see the potential reward down the road is something that motivates us all to work a little bit harder.

Additionally, the concept of risk and putting some of your own skin in the game was an interesting discussion. I found the story Stephen told about the young individual who drove his $80,000 BMW to a pitch and he only had put up $15,000 of his own money into the venture was a very interesting story. It really showed me the importance of showing your level of commitment to your potential investors. I think it was really valuable to hear from an experienced VC as to what they look for in a business and how to go about presenting your business in a way that is attractive to such an individual. 

Finally, I found today's class helped me get a more clear picture of how we could go about funding this particular venture and how we can manage our cash flow through each of these various stages.
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Soccer has been the fastest growing in Canada for many years now, and has even surpassed hockey in the number of participants. Even though soccer doesn't have as many professional teams in Canada in comparison to hockey or football, there is a definite upbringing of professional soccer teams in the NASL league or MSL league. This is a trend that nyx will have to follow closely and possibly tailor their product to in the future.
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Healing taping- Kinesio Taping is a company and international organization that focuses on sports recovery through specific taping techniques.

http://www.kinesiotaping.com/kinesio/index.html

Dr. Kase is a Japanese chiropractor and acupuncturist that has development a new technique to tape injuries to help the healing process and get athletes back into play faster. This technique has proven results and many followers. This could lead to new opportunities in sports recovery products as well as possible other placements of bands.
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Perfect Posture- Intelliskin is a new product using a various resistance materials to force a better posture.


http://www.intelliskin.net/

Intelliskin is using a similar idea to Nyx to achieve a different result. They are using various different resistance levels of material to correct posture. The shirt or sports bra forces you to sit straight with your shoulders back. This would be an alternative competitor and if they they see our idea it would be very easy for them make something similar. They are much further along in their venture so this should be a major concern.
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Sports Academies- Investing in a child's education and their sports development is a recent international trend with specialized schools.

http://schools.cbe.ab.ca/b830/
http://www.stumbleupon.com/su/2mNbVa/www.australiansportsacademy.edu.au/

Over the past couple decades sports development has become more and more important. Children's and parent's goals of getting to the Olympics has shifted education. Through specialized education that is surrounded around athletic development is displayed in Calgary's National Sport School or Australia's Sports Academy. This schools give extensions, exceptions and customized education putting children's training a head of education. This is a huge opportunity for Nyx to infiltrate at a young age. This shows that parents are very dedicated to athletic development. We would have to test children because development maybe affected.
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These are our 5 top picks:

Jordan- Jordan’s pitch was engaging, showed a need and style. I understand the product.

Adrian- Unique, engaging, good use of music, showed need but not really sure what it is that mido does.

Justin- Like the integration of demonstrations and the format was unique. Can tell he spent time developing the concept.

Madeline- Like the different format with lots of visuals. Could be more polished and a little bit quicker, but overall the need was presented in a convincing way. 

Tanner- Very informative, like the style. Felt rehearsed but still natural. Full understanding of the service.


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According to a recent survey by statistics Canada, sport participation is declining among children. From the mid 1990's to about 2005, sport participation of boys between the ages of 5-14 has decreased from 66% to 56% in Canada. While girls participation has decreased from 49% to about 45%. This could have a major impact on the overall athletic industry, and obesity in Canada. There is currently an obesity epidemic in the U.S. and if Canada does not change the habits of children, we could be looking at the same future as the U.S.
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Youtube link is found here.
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If that doesn't work:
http://youtu.be/6oj69vPcJW8
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This week we had an advisory meeting. In this meeting we wanted to cover electronic design of the prototype as well as webpage development. Jonathan has expertise in both categories so we decided that it would make sense to include his expertise in the advisory meeting and focus hard on technology content. For these reasons Jonathan was our only advisor at the advisory meeting this week.

As the class continues our roles as members of the NYX team become more specialized. Personally I will be responsible for an upgraded prototype design in the coming weeks. I will be addressing issues like weight, cost, fabrics and the function ability of these changes. Additionally I will be creating a written document arguing the grading structure of the NYX prototype overall.

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This week Barb and I worked on the prototype together. It was a lot of work and I could not have done it without her.

Our ghetto mash up strategy was a good decision for our prototype development. I learned a lot about the design and requirements of the shirt by building it. There is a lot of redesign to do for the next and final prototype.

One of the first issues of the shirt is its weight. We needed several layers of fabric to ensure the tension would be enough to create strong resistance. We did create resistance but also a heavy shirt. The layers will also deter from any moisture wicking properties that we need to stay competitive in the athletic clothing market. We need to find a material or design that will create resistance while still staying breathable and light. Ian and I have not had a chance to meet up with Freddie’s connection but hopefully this connection will have feedback and suggestions for the fabric we need.

In our next meeting NYX will decide on how much time and money we are going to invest into our last prototype in order to help lay guidelines for Barb and I to create the final prototype around.

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Upon completion of our companies SWOT analysis I was curious to see how external factors (economy etc.) were impacting some of our competitors growth this past year. According to The New York Times, Nike's revenues have increased by 15% this quarter and analysts are projecting steady growth over the next year.

According the article, demand for Nike products have remained strong around most of the globe. For which have helped make up for the higher prices they paid for raw materials and for selling more items at a discount, both of which impacted Nike's profit margins during the period.

This article I found interesting in a number of ways. The first being that despite a recession, athletic apparel is seeing significant growth. This is positive for our company and would suggest that the market isn't too saturated as of yet. Secondly, this article also pointed out that raw material costs have gone up and as a result margins have been decreased. This provides a number of interesting implications for our business for which we may have to revisit our cost structure to determine if premium pricing is our best option given that much of Nike's apparel was sold at a discount. 

See the link here.
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This week Thursday we had our third Board of Advisors meeting. At this particular meeting we really focused on discussing future possibilities regarding the website and Casey presented the latest update on the prototype. To concluded the meeting, as a team we took a fairly in depth internal and external look at NYX by conducting a SWOT analysis.

Conducting our SWOT analysis really allowed our team to step back and get a picture of where our business model excels and where we could potentially make changes to limit our weaknesses and threats. Sometime in the near future (likely this coming Friday) as a team we will revisit out BMC and make some new adjustments based on a lot of the information we've been working on in the last month. Probably one of the areas that we may need to address is how we can figure out ways to access multiple revenue streams.

Additionally we've begun working on the financials for our company with some of the assumptions. This upcoming week will be sure to be a busy one with all that's going on. Nonetheless, we are all excited to keep things rolling and keep up the momentum gained over the past two weeks.
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This week was a huge learning curve. Our team got ambitious and registered our very own domain @ www.nyxresistance.com. Given that none of our team members are well versed in coding, we had a bit of an interesting time figuring things out. Fortunately one of our Board of Advisors (Jonathan) who has a history in coding, webdesign, and graphic design was kind enough to work with us on getting some of the basics put together. We still have a long way to go to get our website up to where we would like it to be; however, at the moment we have other pressing issues that require our time and attention as well. For example, I would really like to add a video to our landing page and get our social media channels connected to get consumers engaged. After reviewing some of our competitors websites we definitely made notes on what they've done well and areas we feel their site is lacking. We look to build upon what our competitors are doing well and make adjustments accordingly.  

Additionally this week while some of us were busy working on the website, Casey and Barb were making some great progress on our prototype. The initial mockup that Casey and Barb came up with was surprisingly good and from what we can tell looks to be fairly functional. The real test will be in the up coming weeks when Ian will begin doing our initial testing under his hockey equipment.

Overall week seven was another step in the right direction. Our team has really started to gel and we've managed to utilize our advisors in various roles to keep them engaged and push us to make things happen.
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SWOT Analysis

This week we had our third adviser meeting. We really wanted to focus on the development of the website, and our SWOT analysis. We tackled this really well together and spent a couple hours thoroughly going over each question. This is a great team and certainly gets into action when the time calls for it.
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Been working on our individual pitches the past few days. It will be interested to see what each person comes up with on the Nyx team, what route they take, and how they present it. From what I have seen so far through all our group meetings, I can see that everyone sees Nyx a little differently. With the combination of all our pitches, I can see this as a great final pitch, taking bits and pieces from each pitch.
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Date: November 10th
Time: 1 pm
Location: Starbucks 37th street

Agenda:

- Website design and functionality
- Prototype design
- SWOT analysis

Attending:

- Ian
- Casey
- Colby
- Matt
- Johnathan (advisory board member)

Some issues we had since our last group meeting was our website. This is the reason why we only invited Johnathan to our meeting as he knows and understands website design and functionality. Johnathan helped us out with our website theme, layout, and future ideas to add to the website.

We also went over our prototype, and how we could provide better functioning images through some sort of graphic design in order to demonstrate our prototype better. We are still currently working on this and hope to have this completed in the next couple weeks. As for the actual working prototype Casey mentioned that her step-mom has the ability to mimic a flat seam without having to use a flat seam sewing machine.

Johnathan also helped us out a lot with our swot analysis. We (the team) tried to not be as bias as possible and Johnathan certainly helped us out in this aspect.
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A British company has developed a new way to liquify fibers. This new liquified fabric comes straight out of an aerosol can and clings to anything it is sprayed on. These fibers once sprayed, dry, and form a snug fitting garment. The first spray on clothing fashion show took place this year. This is a very interesting twist on clothing, but I definitely dont see nyx going in this direction at all.
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A lady by the name of Suzanne Lee has invented a new fabric made from bacteria. According to the report this fabric is almost skin like with a combination of silk. This fabric can easily be custom molded or sewn into existing fabric. Fabric technology is going to be probably the largest factor with the development of the nyx prototype. It is important for us to stay on top of new fabrics and technologies that come out in order to develop a product that far exceeds any competitor.
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This week will have to be very productive. Our advisory board meetings are a week behind, because we had some communication issues, so this means we are having a meeting this Thursday, November 8. This is our reading day so we are having it off campus, and with only 2 of our advisors as I mentioned in my last post.

But we have lots of other things on our plate, as we have a blog review on Tuesday which will include the initial SWOT and initial financials. I will be focusing on the initial financials, so I will be researching to make appropriate assumptions. This is something that I know I will be good at, numbers usually come easy to me.

As well we have to do a personal video pitch, this shouldn't take too long. I will have to develop a script, an idea and then do the pitch. I want to make it unique and personal, so this might take some more time.
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This week we had the opportunity to see the prototype that Barb and Casey developed. They did an amazing job! It looks really good and feels like it has a lot of resistance. Ian is going to play a game of hockey in it, and report back on how it felt, if there was increased resistance or more sore then normal.


We also moved forward with the development of our website by purchasing the IP address www.nyxresistance.com from GoDaddy.com for a year. This was an inexpensive purchase that we thought would help increase both our personal investment in the venture as well as showing dedication to the class. Matt is the most apt at developing websites and most computer things. We have also been able to rely on Jon (advisory board member) to help us with any issues that arise. He has experience developing website, blogs and marketing campaigns.


We have also decided to have a very specific board meeting this coming week. We have had little development within the last two weeks, and we need to focus website and marketing development. So we are going to work specifically with Jon and Erik to develop various aspects of Nyx.

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Paraplegics are now able to walk with this new assisted exoskeleton system for their legs. This new invention contains artificial intelligence that is able to read the users gestures such as arm movements. It was originally taken from the military designs that allowed soldiers to strap on heavier back packs. This system should be available to physio therapy clinics and rehabilitation centers in the near future. Through better understanding how the body works, this can directly be related back to developing a better prototype for nyx.
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After doing more personal research on materials, fabrics, and various other clothing technologies, I discovered an interesting technology that is being used by Adidas. Below is a summary of the article.

Adidas has released a new clothing technology called "ForMotion" that improves comfort and enhances performance by combining several different fabrics with different properties in a shaped garment. ForMotion garments are designed to enhance athletes' movements in three specific types of sports: Linear sports such as running, where the focus is on forward motion; Lateral sports, such as tennis, where the focus is on upper body rotation and quickness; And the Helix movements of football/soccer, where the focus is on lower body power and movement. The ForMotion concept utilises a combination of: compression fabrics in sport-specific body locations to control & enhance muscle activity to assist the athlete maintain proper form; and sculpted cuts and three-dimensional engineering to boost athletic freedom of movement.

I found this technology rather interesting because one of the aspects that we want our final shirt to be is highly comfortable (this is one of the things that Under Armor struggles with). Additionally we need our shirts to remain stationary so that during practice the shirt will not ride up and prevent proper resistance. This particular technology and cut caught my attention while I was doing research on various fabrics and i figured we could potentially adapt Adidas concept to fit what we are looking to do.

Full article found here
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The progress we made with NYX this week I felt was rather good. I really enjoy working with this particular team - we all seem to get a long and have fun while simultaneously accomplishing our work in a timely fashion.

We conducted our second board meeting this past Thursday with all of our board members in attendance. I would first like to say that Casey did a fabulous job of organizing and hosting the meeting. In our very first board of advisers meeting we made some good progress with respect to developing the prototype; however, several of our advisers left our first meeting unclear as to exactly what our short-term and long-term objectives were.

In our second meeting we really made an effort to get our board members connected by giving a quick tutorial on Blogger (that way they can comment and stay up-to-date with how things are progressing). Additionally we clarified some of our objectives and what we expected from our board of advisors. Overall it was a great getting everyone on the same page moving towards our goal of getting our first prototype made.

In addition to having a productive week with our advisory board, we also made some great headway with our prototype (check out the pictures here). It's been a slow process, but with the help of Erin and Barb (one of our advisors), we have started to experiment with our first "Ghetto Mash-up". Casey has been doing a marvelous job of organizing and putting together our prototype.

Finally, as a team we had our weekly meeting on Friday and managed to accomplish our Key Strategic Resources, our Key Partners, and our key tasks that need to be accomplished over the next six months. Overall we had a highly productive week. Hopefully the momentum we made this week will carry into the next week.
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Seniors Market- Our population is aging quickly which is different market that Nyx could look into in the future.

http://www.seniorfitness.com/
http://www.seniorfitness.net/

Seniors fitness is a growing trend because of aging population along with all of the information that we have received around how exercise can improve life expectancy, quality of life and overall health. This is a market that Nyx should look into in the future. This would be a more "toned down" resistant shirt as they would need less strength and more general exercise. As well seniors build muscle slower and become sore easier. In order to get into this market would have to consult with numerous different individuals including doctors, occupational therapist and physiotherapist.
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Date: October 27, 2011

Time: 9:30-11:00 am

Where: EB 2061


Attending:

Erik (Advisory Board Member)

Jonathan (Advisory Board Member)

Barb (Advisory Board Member)

Jim (Advisory Board Member)

Freddie (Advisory Board Member)

Christa (Team Member)

Casey (Team Member)

Ian (Team Member)

Matt (Team Member)

Colby (Team Member)


Agenda:

1. Blog Tutorial

2. Advisor Expectations:

3. What NYX has been up to:

a. Prototype development and strategy

i. Erin’s assistance

ii. Ghetto mash up -> Minimally working -> Concierge

iii. Where we are now

b. Demand Creation Plan:

i. Trainer conferences


4. Parking Lot:

a. Distribution strategy

b. Flat seam sewing machines

c. Will the prototype function?

5. What NYX is up to:

a. Costs

b. Distribution

c. Key Partners and resources

d. Prototype Development

6. Open up to discussion and feedback

7. Conclusion


Action Items:

- Further development of prototype (Casey)

-Determine objectives for the end of the semester (Team)

-Put course outline and research paper under new tap on blog for advisors (Matt and Colby)

-Talk to trainers about demand creation plan (Team)

-Bring in fabric swatches (Casey)


Summary:

Matt delivered a quick explanation on how the advisors could use the blog effectively and efficiently. It was decided that there would be a new tab put onto the blog so the advisors had some additional information that would help them assist us. We then discussed what we expected from the advisors, explaining we wanted their expertise and experience. Jim expressed concern about what was hypothetical and we were actually expected to do. The team expressed that we too were struggling with this, and will try harder to communicate.

We showed the board the first prototype design that was developed with the help of Erin, our U of C kinesiology contact. As well a giving a brief description of our types of prototype (Ghetto mashup and minimally working). We then discussed our demand creation plan and our new development of focusing on trainers of elite athletes.

We discussed the items that we had put into the "parking lot" last meeting. Freddie told us about a flat seam sewing machine that a contact has, but we must have a "solid" working prototype. This will be helpful in the future. We discussed that we will be working on our costs very soon and be able to bring the advisors numbers.

Overall the meeting was good at identifying what is required from all stakeholders.

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Source: Ted Talks: Suzanne Lee: Grow your own clothes

Website: http://www.ted.com/talks/lang/eng/suzanne_lee_grow_your_own_clothes.html

Suzanne Lee has created a new “fabric” from micro organisms and bacteria. Although it is not a complete recipe and there are issues with the fabric such as unable to be waterproofed, there are many attractive qualities.

There is no waste and the leftovers are biodegradable. Treatment and coloring is very easy and does not require chemical treatment. This is an environmentally friendly product and offers a sustainable solution to the current textiles market. Besides the sustainability characteristics the biggest feature is the ability to manipulate the fabric. Suzanne suggests that this fabric will not always have a fashion focus and that it may be altered to fit other purposes like furniture, housing and automobiles.

This is relevant to NYX not because I would choose this fabric as something to build athletic clothing from but as an example to how important innovation is even within an established industry. If this fabric became a popular and important material we might require designers to work with this process and create our own line to stay competitive. Trend analysis will keep an elite brand like NYX in the elite market.

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This week we worked on our key resources and partnerships. It became apparent that there are stages of development throughout NYX’s start-up phase that will need different partners. We decided to take a current and future approach to help us focus on what is important now.

This week I will be meeting with Barb to further design and create a minimally working prototype. This prototype will target the muscles we are focusing on and will be a great stepping stone for further development of the prototype. Although this prototype will be basic it will be important in the development of NYX and our testing and learning process and we move into the minimally working prototype stage.

This week we met with the advisory board. The meeting went well and thank you to our advisors for your support.

Next week Ian and I are looking to meet with a connection that our advisor Freddie has suggested. This individual has experience in the athletic fabrics industry and we are hoping to get some feedback for our prototype. This will hopefully also help to develop a realistic cost plan in the future.

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I will be facilitating the meeting next week so this week I am preparing to address the advisors. I will be covering what we have done, where we are going and outlining in what ways we would like the advisors to help the NYX team. This includes a description of the blog, how they are to use the blog and an outline of NYX’s expectations.

I am beginning to build the prototype and am still currently in the design process. Ian will be our model and initial customer for the shirt. I will be measuring him for fit and noting the muscles we are targeting. I will use this information to create a hand drawn sketch to build upon. We are currently exploring our options for a computer designed prototype. We would use a computer based prototype to help explain our product to individuals who cannot see the physical prototype.

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Working on the development of the Prototype.

Freddy from our advisory board has helped us out hugely with this. Whether its from finding a flat seemer to sew our product together or material we will need to use. He has lots of expertise in this area. This will help us out a lot as we put together our final costs of the shirt.
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This week has been much more productive then last. We had our second Advisory meeting, a week later then we were supposed to but we felt like we needed that time to get organized and make greater strides with our prototype. The meeting was very productive, especially to make it more explicit of what we want from them. It was also interesting to see the dynamic of the different advisory board members grow and to see some of the become more confident. Although no issues arouse I feel like we are starting to move past the storming phase of a team development on to a norming phase.


The greatest thing I got out of the meeting is very clearly determining our objectives and set very explicit rules of what is real and what is hypothetical. This point was brought by Jim. Jim has a lot of hands on experience with starting businesses and was having a hard time determining what was real and what was not. He felt if this was a real venture the first issue we would have to address would be financing. Although this is not how we will be facing this project it is a very important thing to be aware of when I do start my own business.

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This week has been productive in someways and as Christa mentioned in her most recent posting, very unproductive in other respects. From a research standpoint I've made some very good headway this week. I actually ran into an old friend this weekend (Mark Jones) who in the last two years I discovered has started up a relatively successful clothing company. He actually recommended a number of good manufacturers and basically offered to help us once we've gone through our prototyping and testing.

As for the status of our prototype, we were rather unproductive in making headway this week. I think for our whole team this particular week was the busiest thus far (I personally had 3 midterms in 2 days). However, I am confident that this coming week will be a step in the right direction. It's imperative we get our "Ghetto Mash-up" made by the end of October so that we can begin doing our initial testing.
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One of the features we've talked about adding to our NYX shirts for quite some time now is some form of cooling fabric. However, prior to this particular article I stumbled upon, we were unsure if this particular technology existed and exactly how it worked.

According to Uniform Product News (a website that tracks new clothing trends), Columbia Sportswear has created a revolutionary new fabric that contains a chemical compound that adjusts the temperature of the shirt to the temperature of the environment. When the fabric is wet, the flat fibers produce a cooling effect. Essentially when the shirt is washed, the chemical compound is recharged. However, the only drawback with the current technology is that it only lasts for 70 washes.

Although this particular technology is far from being perfected, it is interesting to see that technologically advanced clothing is becoming a new trend.

Checkout the article here
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This week has not been very productive. This is due to many different things. It is mid-term season and at least three of us had a major finance midterm on Wednesday. We have all been a little distracted and not having as much focus on our project as we should have. For our weekly meeting all four of us had either appointments, car troubles or just unexpected things come up, so we didn't end up meeting. As well we are stuck on making the prototype, but really we should be moving forward with other factors that are important. Such as contacting the University of Calgary’s Human Performance Lab. I also heard someone mention that Mount Royal is opening a human performance lab, I am hoping to use my various connections at Mount Royal to set up a meeting, if it even exists. This week has taught me that there will be weeks that not are not very productive, but you can’t let that stop you from moving forward. Life will always have hurdles that will come up, you just need to power though and keep moving forward.

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Hot Pants- heat inducing compression pants that have the ability to make you lose 2 jean sizes in 2 weeks.

http://zaggora.com/

Hot pants would be one of Nyx's alternative competitors, as they are a piece of clothing that is promising weight loss. From what I can gather, Hot Pants uses heat inducing compression material in shorts that is supposed to "reduce body fat and visible cellu-lite". They claim this will be achieved through increasing the body heat and therefore the amount of perception . I am not sure how well this will work, but it maybe a technology or idea we may want to integrate into Nyx at a later point.
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Since other group members have been tied down with other classes, I decided to book an appointment with Katija (head athletic therapist Mount Royal). Since I am a Mount Royal Soccer Alumni it was easy to get an appointment, as I personally know Tija. All I wanted to get from this meeting was her view on the idea, and what she though could be improved on etc.

From this meeting I gathered:

1. integration of bands into a shirt can be very difficult as the bands will need anchor points along the shirt.
2. Possible integration of weights into the shirt. Usage of weights may have a better effect on this idea. Easier to incorporate.
3. Gathering empirical results will be important to establish a working product.

I have passed these very good suggestions onto the team.
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Body mapping has been completed! This was the most important part in order to develop a proper prototype. The team has decided that we will only target the core with this prototype in order to hit as many sports as possible. It doesn't matter what sport you play, core is used and very important. From this first prototype, Nyx will be able to expand and target more specific sports through adding on to this prototype.
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This week’s focus for our team was around prototype and minimum viable approach development. As mentioned previously, our strategy is to start small and grow as our knowledge and understanding furthers.
The first prototype was constructed this week and it is definitely a “ghetto mash-up”. We met with a kinesiology student from University of Calgary (Erin) to help us with this development. Erin provided knowledge that our team does not have. She was able to help us to body map muscle groups on the body that we want NYX to target. Big thanks to Erin for her help!
This simple prototype is important to the growth of the NYX’s design because it will start us off in the right direction for our future designs. It would only set NYX back in identity, time and money to have to redevelop a prototype that was claimed finished, tested and failed.
This week I will be in contact with our advisor Barb in regards to design strategies based upon this first prototype. I will be researching fabrics and materials that are available for NYX’s use in building the next stage of prototype; the working prototype.
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This week we met with our advisory board. We received a lot of feedback in regards to our prototype. Many of the advisors felt that this will be a make or break for NYX in order to prove the feasibility of our product. Based on this feedback we have decided to focus a little more energy into the prototype design and produce it in stages to get the best results.
During our Friday meeting a marketing strategy was developed for our first and second years of operation. We decided to focus on professional sport team’s trainers. Involving them in our sales process will give us an advantage over competition because it will promote the use of our product within teams. We hope that this will help to encourage brand power, development of the product and initiate a strong first movers advantage to keep out the competition.
Something our team finds challenging is keeping our meetings and ideas relevant to where we are with our development of NYX. We are all dreamers and like to plan above and beyond what is needed for this stage of NYX. We are learning to keep a tight focus during our meetings.
In the upcoming weeks I will be working towards further developing the prototype. The plan is to start small and build in complexity as I learn about products, fabrics and the competition.
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Source: Ted Talks: Dan Pink on the surprising science of motivation
Dan Pink discusses business methods and motivation versus scientific findings on motivation. When compared are they adding up?
Several scientific studies on motivation have proven that the higher the incentives the less effective are the results. This is especially true in rudimentary cognitive skills. The larger the tangible rewards the smaller are the results. Large tangible rewards do not foster an entrepreneurial mindset or creative environment.
Dan Pink’s solution to this old school method of motivation is to offer employees autonomy. If you pay people accordingly and money is no longer the issue a company is able to offer autonomy. This autonomy method of management is starting to be seen in companies like Google and contributes to their innovative nature. Dan discusses the ROWE method. It leaves employees to decide for themselves how and when they will complete their jobs. It does not matter as long as the work gets completed. These types of environments create heightened productivity and creativity and lead to more innovative businesses.
As young aspiring entrepreneurs it is important for us not only to recognize trends in business and technology but also in management and company cultures and ownerships.
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Source: Ted Talks: Jae Rhim Lee: My mushroom burial suit
Jae Rhim Lee discusses a solution to burial and environmental issues in regards to cycling toxins from our dead bodies back into the earth.
When we die all of the toxins that our bodies hold are decomposed and placed back into the earth to continue their cycle. The solution that Jae Rhim suggests is to selectively breed mushrooms to recognize and eat an individual’s dead body. These mushrooms (infinity mushrooms) will end the cycle of the toxins since they naturally remove toxins on their own.
Jae Rhim sees this opportunity as a new way to see death and to lessen the environmental footprint that humans leave on the planet. It is her solution to becoming responsible for our own impacts on the planet.
She has developed suit and capsule dealing with mushroom spores to spread over a dead body to start the decomposition process. The plan is to have these prototypes perfected within the next couple years and has volunteers who are donating their bodies to her research.
The business plan is built around body decompiculture and toxin remediation. This is not only a practice but a society in which people can donate their dead bodies to this research and development of this opportunity in search for a more responsible death.
This Ted Talk is important because it stresses two themes. The first is the identification of an ongoing issue (going green) in an established industry. Jae Rhim is altering the funeral service industry. The second trend is the fact that she is an artist and not an engineer or business professional. Entrepreneurship and new opportunities are not built by only these working professionals. They are built from passionate innovative people.
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After discussing in class about RIM's current situation and their failure to pivot as a company, I stumbled across some recent news regarding Netflix. According to the New York Times, Netflix has decided to separate their through the mail DVD rental service from their online streaming service. Prior to these changes DVD-by-mail was a $2 add-on for some streaming subscribers; now, each service now costs $8. Entering July Netflix had 22 million subscribers to the streaming service, 12 million of whom would also opt for the DVD-by-mail service. With the separation of the two services and the price hike, Netflix has seen a loss of 800,000 DVD-by-mail subscribers along with 200,000 streaming subscribers. The loss in net income has seen the Netflix stock drop by 15% and has been slow to recover over the past few months.

I found this particular article to be rather interesting given that in class we've discussed on several occasions the concept of pivoting. This particular case will be interesting to monitor and see whether or not Netflix made the right decision to pivot or if they would have been better off to stick with their previous strategy.   

Check out the link Here
 
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