An annual business review will give you a panoramic impression of your business’ successes and deficiencies. The more input you gather from reports, employees, outsource teams, and vendors the better your perspective of your business.
When you use the innovation process to remodel your product or service you will attract a new market that has never had an interest in your product or service. Exercise ingenuity you establish an expertise that can cross industries. As you establish your authority you position yourself for a broader audience and possibly a new industry.
Innovation in industry does not always depend on finding new things it is in increasing the ability to shift from the norm to improving the lives of your clients.' This takes forward thinking and acknowledging the importance in the redesign and shaping your business strategy to a foresight business strategy.
As has been established throughout, the only way to survive in business today is by implementing strategic change. No longer can businesses rely on their history of success, and no longer is their competition only in their local area, which means that strategies must be intentional and implementation critical.
Guy Kawaski was quoted as saying “a good idea is about ten percent and implementation and hard work, is 90 percent.” All of the best strategies for change are for naught if they are not implemented. (more…)
In my training and coaching sessions I continuously enforce being a thought leader by being imaginative. According to Dictionary.com to imagine means “to form a mental image of; to think, believe, or fancy.” Because we are in an informational age where change has become faster than the speed of light, businesses need to jump on the thought leadership bandwagon. (more…)