As a business, if you don’t grow or aim to grow, the business becomes stagnant, stale, just surviving and if not careful become irrelevant. That may seem hash, but it’s true. Having said that, some businesses want to remain small or the size they are and there is absolutely nothing wrong with that as long as they continue to reinvent, refresh and innovate and check themselves.
Don’t always think Technology alone when you think of innovation,
or you’ll get put off. You’ll think it’s
for that sector alone and you have to be very creative, etc. Think customer
service, think about methods of operation, think about value chains, etc. Move into that mind set, be persistent and consistent in building that culture and you will have
your own Eureka moment.
Finally, innovation doesn't have to be expensive. I’ll say
no more on that one.
The best and simplest definition of Innovation I've seen is -
The development of new customers’ value through solutions that meet new needs,
inarticulate needs, or old customer and market needs in new ways.
My next blog will be on “How to Innovate”. Watch out.
No comments:
Post a Comment