Posts Tagged ‘Innovation’
The Unexpected Journeys of R&D: A Parable
This is a story about Randy and Dave (R&D). Today, Randy runs a small startup that has about two months’ worth of cash left, and he’s more than a little nervous. Dave works for a huge, famous worldwide company that is doing the same thing today as it did when your grandpa was a client,…
Read MoreThe 3 Most Powerful Words for Startups
If you understand them, you can help any size company succeed. In my last article, I spoke about a growing and costly language gap between big businesses and startups and why bridging it is critical. The reason is simple. Large and small businesses need each other. Startups need large businesses because they have the systems, brand awareness, distribution and expertise…
Read MoreChange Things Up with Fred’s Rule
There is always a way to go if you look for it. ~Ernest A. Fitzgerald I enjoy playing doubles tennis two or three times a week. It is great exercise and a wonderful way to meet new people and challenge yourself. However, this column is not about me. It is really about Fred. Fred and…
Read More4 Tactics to Put You Ahead of the Competition
Owning your own company is a great opportunity for gaining flexibility in your career, achieving more profits and working for something you believe in. This often gives way to becoming the victim of a rival company as well, especially in smaller niche markets and local areas. While few legal options exist that would abolish the…
Read More10 Predictions for the Most Disruptive Tech Trends
Disruptive technology surpasses an existing market, where a new technology replaces the old by making the old outdated. New technologies emerge each day, challenging the existing ones, and can have important ramifications for your business. Below are some predictions for the most disruptive tech trends that can impact your business: 1. Autonomous vehicles These are…
Read More6 Outdated Practices That Are Slowing Your Business Down
To be profitable as a business, you should always be attempting to evolve with the times. Not doing so can lead to major inefficiencies and losing your competitive advantage to more savvy competitors. Below are six outdated practices that could be slowing your company down. Keeping Everyone in the Office One in five Americans now…
Read MoreWhy You Should Avoid Entrepreneurship
It is a ride many people dream about and most wish they had never gotten on. This article was written for visionaries and masochists alike. During a particularly tough business cycle, I asked my friend and mentor Rick Voirin about whether it was the right time for me to change the direction of one of…
Read MoreHow Can Your Business Nurture Intrapreneurs?
It’s no surprise that so many business leaders today want to bring an innovative, creative approach to their already established companies. To do this, they are turning to intrapreneurs—employees with the energy and creativity to turn an entrepreneurial eye towards specific internal issues or opportunities faced by a company. Of course, it’s not as simple…
Read MoreHow to Be Innovative after Years of Doing the Same Thing
In today’s crowded marketplace, innovation is a key factor for any self-respecting company that wants to constantly evolve and achieve new things. But the reality is that there are plenty of obstacles along the way, including boredom, restlessness and an understandable amount of fluctuation in the enthusiasm department. So how should a business go about…
Read MoreHow Large and Small Businesses Can Overcome the Innovation Paradox
“We need to act more like entrepreneurs, but those guys are nuts.” —a real quote from a Fortune 100 CEO In 2007, a friend and client at a Fortune 100 company asked me if I knew of an entrepreneur who could come in and present to her executive leadership team. She wanted them to experience first-hand how…
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