In light of April Fool’s day, we thought we’d share some fun information about innovative businesses. Coming up with innovative business ideas There are many debates to what constructs an innovative business. The most popular definition of an innovative business is that it is one that takes an existing idea, but creatively reinvents it to […]
What is business innovation? Business innovation is the process of reinventing your business and adapting new business models, new management techniques, new technologies, and new forms of stakeholder participation in order to build a stronger and more profitable business. A brief history of business innovation In his article entitled There is a New Way to
Why it’s important to develop innovative products According to BusinessMantra.net, “Innovation is one of the most important aspects for the growth of an organization to excel ahead in competition, unless there is innovation a company cannot command respect and recognition, invention is one of the most important priorities to stay in competition and keep your
It’s no secret that the business world is becoming increasingly competitive. Therefore, what is your company doing in order to keep up with the ever-changing trading environment? In an attempt to stand out from their competitors and deliver products or services that the market is looking for, many companies are exploring the concept of innovation
In a previous blog post entitled CRM System: Helpful, but complex, we talked about how companies can benefit from using customer relationship systems. We mentioned CRM tools help businesses get organized and develop relationships with customers, and how they facilitate decision support and help the organization manage their budgets. You can read this blog post
A quick quiz about an innovator: Who is Tim Burners Lee? What is an innovator? Wikiepedia defines this term as “a person or an organization who is one of the first to do something and often opens up a new area for others and achieves an innovation.” When you hear the word “innovator,” what, or
With the business world becoming more competitive than ever, you’ve most likely started researching ways to drive business growth and outperform your competitors. We’d like to share a method that we believe will help your business succeed – open innovation. If you’re hearing this term for the first time, you are probably as confused as
Product lifecycle management is the process of managing the entire lifecycle of a product. This involves managing all data relating to the design, production, support, sale and bringing the product to market. Successfully managing this process is rarely a smooth ride. As consumers, we don’t get to have a “behind the scenes” look at the
Feedback and comments – initiating conversations on the web You’ve probably noticed by now that most of the sites you surf on the web incite you to leave feedback and comments. Whether you are reading a blog, a news site, or a business’ website, chances are that most of the time, you will come across
Why business feedback is important Building a successful business takes work. In order to outperform competitors, businesses today need to ensure that they implement the essential strategies to effectively build partnerships, intellectual resources, to promote an idea, product, or service, with the objective of creating value for their business. The first thing that businesses should