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Category Archives: Achieving Innovation in Business

Business Innovation – 2 Types

What type of business innovator are you? Are planning for disruptive innovation or incremental innovation? Incremental innovation defined An incremental or sustaining innovation is typically an improvement to an existing product. The business model  doesn’t change and the business runs pretty much the same except it enjoys the benefits the ... Continue reading

Disruptive Technology Example and Insights

Clayton Christensen’s, The Innovators Dilemma, details a great story about a surprising disruptive innovation. Although the book was written in 1997, it was way ahead of its time in understanding the uncertainty and requirements for learning and discovery when faced with potential disruptive innovation in your industry. Chistensen’s story... Continue reading

The Lean Startup – Pivot or Persevere

Eric Ries author of 'The Lean Startup' provides a scientific and proven approach to creative and innovative product developments. Although the context is for a startup business, it is just as relevant for an established business that wants to innovate. In fact he gives some good examples of large corporations using his methods to develop new... Continue reading

Trick Yourself to Get Free Business Advice

Why is it that we can look at another small business and see what they are doing right or wrong so easily? So how does the trick work? Easy: As you go about your day, analyze all the businesses you interact with. How did they do at increasing the average transaction value? Did you get up sold?  Related Article: A Quick Study on Increasing You... Continue reading

Consider Convergence of Products and Services for Business Growth

In the old days, your business was either a “product” based business or a “service” based business. The traditional furniture store sells a product: furniture. The traditional law firm sells a service: the lawyer’s time. To be a successful furniture store today, however, the service provided may be as important to the customer as th... Continue reading

Finding Business Inspiration for Business Growth

Creative stimulus can occur in the strangest places. A few years ago, I was visiting the Grand Canyon with my mother. In our conversation, we discussed the nursery school she runs back in my home town. We both came to an interesting revelation. To manage the safety and social behavior of a group of three-year-olds, she observes their behaviors,... Continue reading

Be Courageous in Advancing Your Business Strategic Plan

Burn the ships! Legend has it that when a military leader landed on enemy shores with a smaller army than the opponent, he ordered his men to ”burn the ships!” He did this to obtain a commitment from the soldiers to execute the plan, and eliminated the option of turning back. Don't turn back at the first sign of challenge I find this analogy... Continue reading