We very often require some new ideas or innovative approaches from our employees. We try to create a corporate culture targeted on the search and implementation of innovations or on improvements of something. The question of motivation comes again and again. Let’s try to look at how much this question is important during the search and implementation of innovations. From one point of view, it Read More »
The value of crafting innovation strategy as a business leader to guide organizations throughout unpredictable times in unchartered zones might not be overemphasized and the existing crisis proves it. Employees look at the leader as the role of magnate as here see is essential in method development as well as execution in order to stay competitive in this fierce environment. While one of the major Read More »
When you’re in business you need to stay competitive and the best way you can do this is with innovation. This helps your business stay competitive and brings new products and services to the marketplace so you have a chance to grab a piece of the market share. Every business needs a core innovation strategy so they are able to stay with their competitors in Read More »
Last week I wrote about a stodgy safety products manufacturer that dramatically increased sales of its goggles by studying fashion trends. I’m not suggesting we all start subscribing to Vogue, Glamour or Elle (although maybe that is not a bad idea). What we do need to do is start looking beyond the walls of our businesses on a regular basis. Innovation doesn’t always require pulling Read More »
I would love to see the following sign outside every strategic planning conference room: Strategic Planning Session in Progress No Thought Bubbles Allowed! Of course, it will never happen because we can’t get rid of our thought bubbles. What we can do is take a careful inventory of them and update those that no longer align with current market conditions. That way, our thought bubbles Read More »
One of the cornerstones of a flawless innovation business model is its ability to measure its innovative processes accurately. When you talk about measuring the innovation and performance of a business, then we cannot neglect the importance of key performance indicators. Key performance indicators or KPIs, is the perfect way to measure various activities related to innovation in financial status, customer acquisition, organizations’ internal processes Read More »
Innovative business consists of innovative business teams, teams working with the maximum degree of efficiency. What is the key characteristic of the innovative business team? Are there many? In fact, there is only one: the team’s ability to succeed in spite of difficulties. Agree with me, there is truth to it, to achieve success, in spite of the difficulties that you are facing or will Read More »