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Some small companies are great at executing innovation.  They are speed boats who can develop and execute innovation and therefore change direction quickly. Some though have developed bad habits that can easily kill new growth initiatives inside your company. Bad Habit: The current business model dominates the agenda In most companies the future suffers at...
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Project Management: Nine Steps to a successful project   It can be done.  Project management can be a success.  You can get a project completed on time and on budget.  As successful project is one that finished on time and on budget, and that met quality standards.  And it is one on which no one...
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As the former vice-president of marketing for Starbucks once admitted “consumers don’t truly believe there’s a huge different between products”, which means that brands have to establish an emotional tie with their customers. Our emotions, as customers, aren’t to be messed with. Once a brand has created that necessary bond, it has to handle it...
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The first step in any new business venture used to be writing a business plan.  I must admit I am not a fan of the business plan.  There are better, more customer focused, tools out there to plan your idea with.  Business plans are great execution documents in a known environment with sufficient certainty.  In...
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So you have been in business for a while now.  Had some success and are looking to grow further but you are wondering where that growth may come from.  A new opportunity perhaps but where are you going to find the next viable opportunity? There are three distinct areas we can focus our searches on,...
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Operations management in service businesses is primarily concerned with the “how” of the organisation – in other words how the service product can be produced and delivered to specification and in such a way as to achieve the organisation’s objectives.  It is also important to have a clear understanding of the “what”, i.e. the nature of...
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As a business owner why should you seek the advice of independent consultants?  Usually there are several barriers to doing so, time, money, trust.  These barriers are not insignificant, especially for a small business, so why make the commitment? Provision of information Information is valuable to a business.  Information on the business’s customers, its products,...
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Appropriating the benefits from innovation Some of the factors that enable a firm to benefit commercially from its own technological lead can be strongly shaped by its management: for example, the provision of complementary assets to exploit the lead. Other factors can be influenced only slightly by the firm’s management and depend much more on...
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Why Innovation Matters Innovation matters not only at the level of the individual enterprise but also increasingly as the well spring for national economic growth. An Australian government website states that “Companies that do not invest in innovation put their future in doubt. Their business is unlikely to prosper, and they are unlikely to be...
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Innovative new ideas have many sources. Some originate in a flash of inspiration. Others are accidental. Thomas Edison famously said that “invention is ninety nine percent perspiration and one percent inspiration”. So where do new ideas come from? How can we get inspired to seek new products, services or processes? Below is just a brief list...
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