In our 2 companion videos we gave an introduction to Value Innovation and also showed ways To Make Value Innovation Work In Your Organization, Once that culture is established, you can look to find opportunities for innovation in your organization.
The other night on Shark Tank, Mr. Wonderful Kevin O’Leary, admonished one of the entrepreneurs, an obvious perfectionist, that “Perfection is the enemy of profit”. It wasn’t until later that evening and all into the weekend, that the quote settled in and I realized, to my dismay, how much “perfection” had a negative influence, not only on my business, but in my personal life. My tech expert is a perfectionist. How many times have I been late to launch a video or article or whatever, because he wanted to get first one thing, then another, “perfect”?
Where do you start if you want to develop a climate conducive to value innovation in your organization? Here are four simple ways you can promote and enhance value innovation in your organization.
If you are a senior executive, your expertise is critical both to the firm’s bottom line and to its future. Do you drive the quest for value and value innovation in your organization? Maybe it’s time for you to fine-tune your image when it comes to working with your internal creative entrepreneurs.
Just returned from a meeting updating the Central Florida community on the progress of a project that will create a state-of-the-art manufacturing research and incubation facility in Florida. The idea is to focus on the advanced manufacturing of emerging technologies beginning with next-generation smart sensors. Central Florida, through a partnership with UCF, Osceola County, and industry, is creating the world’s first industry-led consortium in advanced manufacturing of smart sensors in Florida.
CEO.com: Read Hope is not a strategy. Boards of Directors will often establish a general plan and
simply hope the executive team will know how to implement it to achieve the
intended results. Unfortunately, there are a lot of disappointments as a
frustrated board realizes the executive misinterpreted the… Read
Once upon a time, the third generation CEO of A Midwestern USA machinery manufacturer was in a fast downhill spiral, losing money rapidly due to strong competition in Europe and the strong US dollar exchange rate. Things looked dismal and the red inked flowed. No matter what this CEO did, he couldn’t seem to reverse the trend and get in the black.
The general manager of a small US division of a multibillion dollar European manufacturing company came up to me one day after a strategy program. He was trying to figure out how to increase their division sales and expand their market reach. Their product was a special vacuum pump that was installed as part of an assembly line operation in their customer’s facilities. Since the client often installed the pump in their own assembly line, the reps were not always aware how the pump was used. Even when the reps knew the application, they typically did not think to share that new application nor did they realize that it presented an opportunity for the company to target a new market.
This is the fourth in a series of posts on Growth Strategies: How to get the right mix of people to grow your company. So far we have covered questions about technical expertise, culture and the most significant aspect of the resume. In this our last blog in the series, we cover employees that don’t keep up with the times and other miscellaneous thoughts our experts share.
Our experts for this blog include:
Kathy Boyd – VP Sales and Marketing, EADs, Global leader in defense and aerospace
Robert Newland – President & CEO, Newland Associates, an MBE Certified CPI Partner, providing Recruitment & Talent Management Solutions