Big or small, for profit or not, in any industry or country, there are 8 timeless keys to building a successful business.
The first 3 are about mindset and the ability to come up with great ideas. The next 4 vision. And the 8th passion.
Let’s look at the first 3 Continue reading
Regardless of how good your earnings are this quarter, with declining or no customer equity you won’t have a business for long.
Here are my top tips for understanding and building customer value. Continue reading
No matter how great your innovation or strategy, it all comes down to perceptions. Will people trust what they see, hear or read about you?
Here are my top tips for developing that trust. Continue reading
Every culture, good or bad, has its own immune system – systems designed to defend it. The good ones reject complacency; the bad ones foreign ideas.
So how do you create a culture where individuals want to do more than defend; a culture that fuels innovation?
No matter how differentiated your offers, competitors catch up, and put pressure on margins.
Your best defense is to create a conveyor belt of innovative offers. The key is to understand the “innovation life cycle” and what sub optimizes results.
Here are my top 3 tips
As Churchill once noted …
“However beautiful the strategy, you should occasionally look at the results.”
Here are my top 3 tips for improving your strategy … Continue reading
Historically, people have thought of innovation as being expensive, time consuming, and risky.
But it doesn’t have to be that way. Intrigued?
Let me plant a seed in your mind.
Improving productivity can affect entire organizations & economies.
In chapter 4 of my book, Tor Dahl a productivity expert explains that only 8% of what is done today is perfect. That means 92% can be improved.
Let’s look at why you should be interested.
Unless you are a monopoly, you are competing with others. If you use 6 sigma or lean you may be able to compete on price & quality; but sooner or later your competitors catch up and good enough, is well, good enough.
If you want to break away from the pack and grow your business, you’ll need to differentiate along another dimension – in other words – innovate.
Watch and listen as I explain how you can remove the barriers … or read on for the transcript and graphic.
No one intentionally sets out to destroy value, but true sources of cost, profit, and value can easily be hidden or masked.
Watch and listen as I explain the concept of the profit cliff and share an example of how it impacted a wireless carrier. Or carry on reading for the transcript.
Sooner or later, something fundamental in your business world will change. The best strategy is to acknowledge that reality and prepare for it today. But how do you prepare?
Watch and listen as I share a simple but effective method in my first video post to the Hornby Research YouTube channel. Or read on for the transcript.