Archive for Innovation

Innovation Strategies – Start the Innovation Process Today

December 18, 2011 / admin / No comments

There’s a common misconception that innovation is just for large companies. However, identifying and developing creative ideas can benefit companies of all sizes – including small businesses that are just getting started. Don’t wait until your business grows to a particular size to begin developing an innovation strategy – you may miss some great opportunities.

You don’t need a Research & Development Department or an Engineering Staff to take advantage of creative thinking in your business. In fact, many small businesses can bring creative ideas to market faster than large corporations because of their smaller size. Take advantage of the flexibility available to small companies and start the innovation process today. Read more

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Innovation Techniques – Treating Innovation As a Team Activity

November 4, 2011 / admin / No comments

Many businesses limit innovative activities to particular individuals or particular departments in the organization. However, this approach may miss many valuable innovations that could strengthen the business.

A better approach is to involve people throughout the organization and start building a culture of innovation. Think of your business as an “innovation team”. People from different parts of the company and with different job functions can work together as a team for purposes of generating innovations. Everyone has creative ideas, so everyone should be involved in the process of generating innovations. By involving people in different parts of the company, you benefit from the different perspectives and experiences each individual brings to the creative process. Read more

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Innovation For Business – Innovating Your Internal Business Procedures

September 25, 2011 / admin / No comments

When developing an innovation strategy, it is important to discuss ways to innovate internal business procedures. Spend time brainstorming on the various steps in your internal business procedures and look for ways to simplify or eliminate steps to streamline those procedures.

However, before getting to the issue of innovating a business procedure, there’s a critical preliminary question: Is the procedure necessary?

I recently worked with a company that performs repair services on electronic appliances. The company had a detailed “inventory procedure” that was completed every morning before the store opened. The procedure required an employee to print a report of all “open” repair orders from the computer. Then, the employee handling the inventory procedure that morning checked to be sure that every appliance in for repair was actually in the store. The employee manually checked off each appliance on the list. Read more

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