Joel Basgall, CEO and CoFounder of Geneca, recently posted this article to the Entrepreneur website. Do you see software as an essential way to provide more value with your products and services to keep your customers happy and loyal? You probably don’t. And that’s a...
Joel Basgall, CEO and CoFounder of Geneca, recently posted this article to the Entrepreneur website. Industry standards are for often less than helpful — especially when they’re used to make strategic business decisions. Granted, some benchmarks are useful for...
Through the entrepreneurial lens of my experience, I’ve developed an interesting theory: people are more inclined to move when the pain of change is less than the pain to stay the same. More people seem to be motivated by wanting to avoid pain than actually capturing...
Human interaction today is saturated with continuous interruption, demonstrated most obviously by our addiction to the real-time access of smartphones and social media. As humans, we experience interruption in a way that aligns closely with the commonly used...
It’s no secret that remarkable success rarely comes without failures, demonstrated by a finding that 70% of new products fail to meet market demands. Most organizations distinguish innovation as the desired destination, yet the stops (and detours) along the way often...
Appreciation and recognition are crucial in employee retention and engagement. However, this becomes challenging to do effectively as advanced technology allows your team to be more distributed. A recent Gallup survey found that increased numbers of Americans are...
Last week, we defined “invent” as the act of creating something purely new, as part of our 3 I’s of Innovation blog series that also includes “iterate” and “interrupt.” In an age where every idea has already been brought to life, it’s next to impossible to create...
Participate in a strategy session at just about any leading product-driven organization today and you’ll be hard pressed not to be inundated with the word innovation. Understandably so – innovation is a powerful word, connoting growth, inspiration and market...
In an environment where up to 75% of new software products fail to meet market expectations, effectual innovation isn’t necessarily tied to the “perfect” product. Reaching customers means launching products that easily blend into the real life of the buyer, striking...
Working remotely has evolved from an emerging trend to the new normal. Productivity is the assumed result of eliminating the commute to the office, yet getting more hours to work is not the same as actually getting more done. Achieving success in remote work stems...
Fresh ideas are the foundation of innovation. It’s widely believed that building a pipeline of ideas is the ultimate weapon for leading organizations but real value stems from developing a strategy to choose them wisely. What does your company need to know to sort...
It’s hard to generate new ideas. It’s even harder to generate ideas that succeed. As new product failure rates hover around 70%, discovering new ways to grow revenue is a daunting prospect for organizations. So, how do you invent new ideas to successfully maximize...
True innovators know one thing for sure: past performance is not an indicator of future results. The road to sustainable disruption is a windy one and to stay competitive, organizations must know how to navigate inevitable curves. Last week, I made the case for...
So often, our client discussions turn to innovation. Many wonder whether creativity is managed by a repeatable process or if it’s simply born of the Eureka effect. The answer? Yes. When tasks are strikingly similar or repeatable, process is very effective....
The only constant is change. Businesses know that innovation is crucial to staying ahead of competition and are under more pressure than ever to generate new ideas. The process of cultivating a culture of innovation can be tricky; it’s easy to lean on concepts from...
Both innovation and disruption sound great on paper for any business aiming to distinguish itself from the competition, but do audiences know the difference? Many companies – especially startups – make liberal use of these words that connote change and creativity but...
One of the biggest challenges of product innovation is creating an element of surprise. What does this mean? As consumers, we tend to gravitate towards products or services that fulfill a need, whether we realize that need or not. The most impacted I’ve been by a new...
Even the most successful businesses face customer, competitive, and business growth challenges. The factors which led to stunning success in times past may not be what leads you to success in the future. Contact Us 1) Lack of innovation can kill your company. Let’s...
Developing and launching a new product are two distinct actions. You might have gone through the exciting development process with a consulting firm, but have no clear strategy yet for getting that shiny new object into the hands of your target customers. A successful...
Early on the idea of an “Application Economy” was revolutionary. Very few companies embraced the concept that any business, no matter what the industry, should imagine, create, and distribute online tools, apps, or products. Today, as leading analysts and market...
