As Dr. Evans Baiya and I were researching innovation for our book, The Innovator’s Advantage, we came upon an astounding statistic: 85-93% of all innovations fail! We wanted to know why, so we dove deeper, using research and our years of experience helping companies with innovation and development. And we discovered one commonality: Leaders did…
Are you looking for the next big thing? Searching for an idea that will attract new customers, improve your offerings, or simply give you a leg up on your competition? The good news is you probably have most of what you need already at your fingertips: Your employees will be the defining factor to your…
I have a bias to confess to. The phrase “we are in this boat together” sparks an almost irrational irritability. While we are in this pandemic storm together, we are most certainly not in the same boat. As leaders, we know instinctively that some of our team members are flailing around in a dinghy with…
Innovation is a tough dart to land for many companies. Most organizations see the value of innovation, whether it be internal innovation that revamps processes and systems, or external innovation that creates a new product or service. They might even succeed in rallying teams around the idea of innovation and getting people excited about the…
The pandemic has given us all an opportunity to build a new business future. Market disruption equals opportunity for those willing to look and work for it. This is the time to adjust and innovate your business model to market conditions. During COVID and the VUCA season it has created, we have seen ample reason…
Are these personality types present in your team? Innovation is fundamental to grow and sustain an organization. Yet when it comes to innovation, leaders often make the mistake of involving the wrong team members in the process, which ultimately stalls or kills the initiative. What if I told you there are just six high-performing innovation…
In this article, we’ll look at three ways to engage customers and create products they want to buy right now. If you have an idea for a product or service but are uncertain about launching something new during the pandemic, rest assured that people are still buying. They are looking for solutions to the unique…
Innovation and why creating new value for your customers is essential. Originally published by Better Business Bureau, February 23, 2021. As a business owner, how you deal with disruption can dictate how well you run your business. After 2020, many small business owners not only stared adversity in the eyes, but they had to come…
Businesses that are surviving are those that were either prepared or those that pivoted quickly, innovated, and found ways to keep delivering value for their customers. The business world has been significantly disrupted by the pandemic. During situations of macro disruption, most people look for ways to first survive and eventually emerge from the circumstances…
There is no arguing that in today’s marketplace companies must innovate to survive. There is more pressure now than at any other time in history for innovation, especially if companies want to be industry leaders. This is because rapidly changing technology is continually driving changes in markets and shifting trends in customer behavior and expectations….
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