Most companies, as well as individuals, suck at innovation because they suck at change. Why? First and foremost, succeeding at change requires open mindedness because if you aren’t open to new ideas how can you expect others to be open to yours. …
Archive for: May, 2015
A simple piece of advice on how to disrupt yourself
40% of today’s Fortune 500 companies will be gone in ten years:…
The Difference Between Customer Needs and Wants
Understanding the difference between a customer’s wants and needs is a major key to succeeding in a retail merchandising business. Often what a customer wants is diametrically opposed to what they need. As a businessperson, your job is to give the customer what they want. Helping them to understand what they need is also important. However, it’s not your responsibility to convince customers to get what they need. Businesses make money by satisfying their customers. Often it’s easier to sell them what they want than what the need. So that’s where businesspeople should primarily focus their energy.…
New Disruption Study: How entrepreneurship is driving corporate reinvention
in Innovation
With the inevitable rise of entrepreneurship and startups driving customer innovation, incumbent companies have begun adopting some of their techniques to either catch up or really stimulate transformation within the enterprise.
A recent report by BPI Network called “Start-Up Innovation: Inspiring Business Transformation,” examines the impact of digital disruption on global enterprises and markets.
The research report is based on an online survey of more than 250 enterprise business leaders and innovators across North America, Europe and Asia.
Without great leadership there is no innovation
What does a culture of innovation look like?
It’s a question I discussed on a previous blog post but elaborated further on the Culture Radio podcast by Be Furniture……
6 of the most common strategy traps
Strategy without change is pointless, and doing what everyone else is doing is not a strategy; it’s a key principle most business people don’t get.
Take the most common advice you hear out there: don’t limit yourself to niche market; you won’t make any money. …
We don’t need a society of more entrepreneurs; we need a society of hungry minds
As we continue discussing The Future for Youth, we’ve come up with some interesting ideas about what that looks like. One of the key ideas that has come up again and again is that parents should raise entrepreneurial children with the aim that everyone is and should be an entrepreneur.
Should we teach young people to be entrepreneurs? …