Innovation hits a jack pot when it accomplishes two things simultaneously. Generates more revenue for the company Creates a better customer experience As famous author Ralph Waldo Emerson said, “Build a better mousetrap, and the world will beat a path to your door”. Right now both the airline industry and aircraft manufacturers are trying to […]
Archive for the ‘Small Business Planning’ Category
05/28/2021
May 2021 – Warning: Are You About to Lose 50% of Your Employees?
A recent Microsoft Work Trend Index survey of over 30,000 global workers found that 54% of them feel overworked and burned out, and the vast majority are planning on leaving their employer this year. Furthermore, 39% of respondents said they feel exhausted. But why? During the COVID-19 pandemic many people have been working remotely and […]
04/30/2021
April 2021 – How Innovation Can Transform Your Marketing and Sales Area
Innovation has many aspects. When we think about innovation perhaps a new app, electronic device, or medical breakthrough may come to mind. Earlier this month I had the pleasure of touring four Disney theme parks in Florida and because of my interest in innovation I visited several of the attractions that delved into some of […]
03/31/2021
March 2021 – Effectively Focusing Your Organization’s Innovation Efforts
As we continue to examine various concepts from our business growth and scaling methodology, the Structure of Success™, I would like to delve into where should one devote their innovation effort? This decision is similar to how a person chooses to spend their time – there are better uses of their day, and less advantageous […]
02/28/2021
February 2021 – What Is the True Goal of Innovation?
Before I dig into “What Is the True Goal of Innovation”, let me answer a question I have been receiving all the time. Many of you have asked, when is my next book due out? So, I have some exciting news, my 4th book, which is titled Work Less, Make More and Have Fun in […]
01/31/2021
January 2021 – Can Only Small Companies Innovate Effectively?
Identifying possible innovations and then developing them to the point of commercialization is a challenge for any size business, particularly so in larger companies. The cause of this size related difficulty involves both the complexity of the larger organization and where the company resides on the continuum of internal innovation cooperation versus competition. Recently our […]
12/31/2020
December 2020 – During COVID-19 Innovation Has Reached the Least Likely Place
Innovation has finally reached the least likely place you would expect to find it – the family dairy farm. When you think of a dairy farm, most likely you don’t think of technology involving robots, artificial intelligence, and tablets brimming with data on each cow. While employing innovative technology in dairy farming is more commonplace […]
11/30/2020
November 2020 – Effectively Finding Great Innovations During COVID-19
This month, fast-casual Mexican restaurant chain Chipotle announced that it is introducing a new restaurant format that is designed to only provide pickup and delivery of orders. Chipotle Digital Kitchen is the company’s venture into the innovative, “ghost kitchen” business model that has caught on as a result of the coronavirus. In this business model, restaurants […]
10/30/2020
October 2020 – How Successful Companies Mine Innovative Ideas During the Pandemic
The COVID-19 pandemic reared its ugly head in the United States back in January this year and it has changed all our lives, including how each of us thinks, makes decisions, and acts. One big decision that people have to deal with is, since the COVID-19 virus remains on surfaces of various things that are […]
09/29/2020
September 2020 – If You Are Drowning in Difficulties, Innovation Can Be Your Lifeboat
One of my favorite comic strips is Pearls Before Swine. Recently the author, Stephan Pastis, had a particularly funny and poignant comic strip. In it, Goat asks Pig if he was worried about being able to pay his rent. Pig responds by asking Goat “What day is today?” Goat responds “Sunday”. Then as Pig ticks […]
