Some great business ideas seem so simple we wonder why no one ever thought of them before.

The backstory behind a bunch of household names, and tips to open your mind to inspiration.

At the heart of any successful business is a great idea. Some seem so simple we wonder why nobody thought of them before. Others are so revolutionary we wonder how anybody could’ve thought of them at all.

But those great ideas don’t come on command. And that leaves lots of would-be entrepreneurs asking the same question: How did everybody else get inspiration to strike—and how can we work the same magic?

Read more: http://online.wsj.com/article/SB10001424127887324445904578283792526004684.html?mod=e2fb#

A short summary on customer insights and market research data

Today’s luxury shoppers now use the Internet as a tool to find inspiration and to learn about luxury products or services. Across income and age, luxury brand websites, along with consumer review websites are frequently accessed to find information on luxury items before making a purchase.

The affluent group is also increasingly participating in social networking forums, allowing luxury shoppers to share their thoughts and opinions on luxury items. And when it comes to Internet advertising, they are comfortable with seeing online ads for luxury products and services and “clicking thru” to learn more and make a purchase. Read more

Putting Social Media to Work – Harvard Business Review starts a series of insights on Social Media.

Interesting: Harvard Business Review starts a series of insights on Social Media. Don’t miss them!

During the next few weeks, HBR.org will investigate social media’s value to all parts of your business, from strategy creation to recruitment to stakeholder engagement. For starters, innovation expert John Seely Brown writes about social media’s role in transforming business; 75px-JSBJI1Roy Bahat, chairman of game-console maker OUYA, will show how social media is changing the way businesses recruit and hire; Raj Agnihotri of Ohio University will discuss social media’s impact on the world of B2B sales. And that’s just for starters.

Read more