Nugget #5 ~ Innovation Unleashed: Transforming Challenges into Opportunities
Apr 16, 2024
INNOVATION. INNOVATION? INNOVATION!
Innovation is a critical aspect of any business in today's fast-moving highly competitive world. Without innovation the future for you and your business is bleak to say the least.
Generally Innovation is desirable, but not always brilliant, and sometimes too early for the market. E.g. the helicopter, the dishwasher, and the flashstick.
Critical aspects of Innovation: Seriously think about this.
(Not as a quick Instagram or Text or emoji)
To foster the following in terms of deep understanding, greater insight, much wisdom and its practical implementation:
The nature, relevance and urgency of innovation for the present and the future for your business
- How to practically promote Vision and Innovation in the company
- Build a culture of appropriate values for effective Team Work and collaboration.
- Ensure alignment of all personnel with the stated objective and purpose of the company
- How to leverage Innovation so as to leapfrog the competition and possibly the industry. Learn to follow the rule of 'Zero to One' and ‘The Infinite Game’.
- Allow experimentation and entertain the possibility of failure. YOU are accountable for a possible failure, but you celebrate a success to your people.
- Why Innovation,Design and Marketing are the integrated trinity-functions of ANY business. In today’s world Innovation is probably the most important success factor– but they have to be supported by great utility (design) and Marketing.
- How to utilize Innovation for all functional areas of the business, ie design, engineering, manufacturing, sales, client relationships etc in an integrated manner– again and again.
You will need courage and boldness, but with humility (?) and demonstrated energy.
Think about this constructively. There is a lot more to this than a bullet point.