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Posts Tagged ‘innovation’

Small Business Marketing Ideas That Work

January 8th, 2011 No comments

Small Business Marketing is one topic that is a puzzle that at times seems to have no real solution. Many of the best small businesses owners in the world tend to have limited success when it comes to getting the best possible results from their efforts.

The use of items that feature your company name and logo are quite popular for a person to use in an effort to get results that they are able to be proud of for a long time. This will be one thing that will give you repeat business leads as this will many times afford a person the opportunity to get the most from their efforts. A person will pass this item out to their friends and will as a result allow them to become customers of your business.

Social media is one of the fastest growing things that can be used in order to get the most from their efforts. There are more users on these social media sites than any other site in the world. With all of these people using social media, it is no wonder that so many people are using this as a chance to get their business marketed.

Social media is one of the top things that can be used in accordance in getting a result that you can be proud of and one that will allow you to see the best possible results that are possible. This is one of the biggest things that are on the market today, it is because of this that many people are able to get the best results for their efforts.

Planning is the key to any effort that you put forth in getting the best possible results for your efforts. The more that you plan, then the better the results will be. In the end it is all up to you as to the amount of success or failure that you see in your efforts. This can often times greatly affect the results that a person has.

Target the audience that you intend to and not the one that happens to be going in the opposite direction. Dog grooming is not pleasing towards a person looking for surfboards for hitting the beach.

These are the things that you need to ensure that you keep in mind when it comes to Small Business Marketing. These tips will be a great way in making sure that you are getting the desired results that you are seeking out.

There are a lot of franchise opportunities today. There are lots of franchises for sale that you could take advantage of. You should look.

Radical Innovation versus Incremental

March 4th, 2010 No comments

Organisations often believe innovation is about doing big, transformational projects that create new revenue or define entirely new product categories. These are initiatives that are usually described by commentators as “radical” or “breakthrough” innovations. They’re typified as being extremely lucrative, assuming one can afford the very substantial risks. In other words, if they succeed, you have an organisation defining hit on your hands, though the chance of this happening is relatively low.

Many executives, when asking innovators to produce, do so with the expectation that they will get radical innovation, but they want it without the risk. Most of the time, this is pretty much impossible to achieve in any reliable way, and is a reason innovation teams get fired.

In contrast, incremental innovation has many fewer risks. It examines what is already being done and develops some minor improvement that delivers new value. Such improvements are usually not that earth-shaking, and will usually take out cost, or enable charging higher prices, or expand the reach of a product or service in the market. The point is not how big these gains are initially, but that when many incremental innovations are added together, they can add materially to the fortunes of an organisation.

The most sophisticated innovation programmes do projects in both categories in order to balance their risk of failing to achieve meaningful outcomes. The small, incremental innovations balance out the expense of the big failures, at least until the team is lucky enough to get a hit.

My experience suggests that innovation teams start by riding high on the expectation they will deliver astounding benefits from radical innovation. Sooner or later, though, stakeholders realise that “astounding” benefits are some time away, and are, in fact, not so astounding after all. Faced with such disappointment, they lose interest in the innovation programme.

Key note to new innovation programmes: avoid the temptation to focus on radical innovation at the start, and you will likely live to fight another day. By concentrating firstly – or at least to a large degree – on incremental innovation, you have the chance to build basic capabilities which will be important as things get more strategic.

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