Browsing Posts tagged innovation development

I’m often asked the question “How does innovation ‘fit’ in my company?”  Many people believe innovations are limited to technology-based companies or restricted to large corporations with research departments.  But, I have seen countless innovations in all types of businesses in a variety of industries.  Many valuable innovations have been developed in “non-technology” companies.

For any business I’m helping to develop an innovation strategy, I point out the following three ways to innovate a business.  There are other categories of innovation, but these three provide a great start and give all businesses lots of ideas to work with.

  1. Create Something New – Think about new products or services that can expand your existing business, or allow you to grow into a new market.  Consider unmet needs in your market, customer suggestions and continue reading…

Implementing an innovation strategy in your business may seem overwhelming at first.  I talk with many business leaders who are unclear about how to leverage innovation in their company.  I often hear something like “We are not a technology company, innovation doesn’t apply to us.”  Nothing is further from the truth.  All companies can benefit from innovation, regardless of size, industry or location.

Many business leaders fail to implement an innovation strategy because they don’t know how to get started and believe that it must be a time-consuming process.  However, the innovation process can be separated into a series of small steps that continue reading…

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