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Hub You - Innovation Management - Innovation or Profit?
Why Should You Take Action?Why be successful?...Why be anything?For some reason, I feel struck by the importance asking difficult questions. In my experience, it's the answers to these types of questions that make or break a person.Some questions are naturall
After I did my speech at a local Toastmasters meeting, another member came up to me and asked about how to get in touch with pharmaceutical companies. It turns out that she was a nurse at one of Montreal’s largest hospitals and she knew that I had worked in medical sales for many
There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas.
There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commer
As the end of another financial year comes to a close, I thought it would be ideal to focus this newsletter on your personal affairs.I'm always amazed that so many people spend most of their life at work and totally neglect their personal affairs. Many business people I coa
There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas.
There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and comme
What makes a company successful over the long, long term? What characterizes the service relationship between companies and customers who do business together for decades, even generations?How can your company stay close to your customers even as times change, technologies
There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and comme
If we are unlucky enough to be at the wrong place at the wrong time, we experience a personal tsunami - a misfortune of devastating proportions that sweeps away our routine lifestyle and forever changes the world we know.Yet despite the frequency of such events - the tidal
There are no two people alike in the world, so no two people have the same taste. Why is it then that the majority of homes have plain, white switchplates?Switchplates have been around since the days of indoor electricity. They cover an open area in a wall where a light s
Innovation or Profit?
Often the mission statement includes a nebulous goal to innovate, but the real goal is to make a profit:
a) Most innovations do not lead to profit.
b) Yes, you must always be flexible enough to innovate, but that requires a whole new set of strategies, competencies, resources, processes and networks. Only successful innovations will make this profitable.
c) Most successful innovations are incremental, not radical: moderately new to market, based on tried and tested techno
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