AUGUST 2019 YEAR-END REPORT
A day spent reading is not a great day. But a life spent reading
PHOTO BY MARTIN R. SMITH The venture was successful. However, the importing process eroded all profit, encouraging the two principals to launch a Minnesota-based venture in the craft industry of juice and cider production, while adding value to local apple production. Minnesota has ample apple orchards but does not add value to the fruit beyond furnishing table apples and seasonal juice to retail units. Since inception of this venture, the alum was obliged to leave the US due to visa issues. In the meantime, the company not only took root, it established a viable supply chain. Furthermore, the venture showed promise in the development of an entirely new value-added beverage sector based on the production of non- table apples that did not have the market value of the regular table apples, clearly showing an opportunity for agricultural environmental sustainability and addition to Minnesota’s existing CPG (consumer packaged goods) sector. The purpose of this Research Fellowship is to expound the potential of our local orchard community to develop new product lines, providing a living to orchards that are seeing either a difficult generational transition or a lack
of funding to improve on site technology for better methods of cultivation, value added processes and access to urban markets. In short, they are facing stiff competition from the “corporatization” of fruit and beverage production and refinement, their bread and butter until now.
Shinwon Noh, Ph.D, Assistant Professor of Entrpreneurship
Rise of Cultural Industries from Emerging Markets: Case of K-Pop 2.
This is an early-stage research project that my co-authors and I have recently begun with the goal of submitting to the Journal of International Business Studies for its special issue on cultural industries. In this study, we will examine the mechanisms behind the catch-up of cultural industries in emerging markets using the case of recent popularity of Korean pop music (commonly referred to as K-pop).
Cultural industries have become one of the
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