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Measure Innovation Efforts in Leading and Lagging Indicators (KPI)
How will you measure success? Innovation is ultimately about Return on Investment. It’s critical to use leading and lagging Key Performance Indicators, and observe and measure time spent on each segment of the new product development (NPD) process to see how it’s progressing. Leading Metrics used in the industry can include ideas generated, ideation sessions…
Read MoreTax Innovation: The Path to Long-Term Prosperity
By Robert Brands and Martin Kleinman We Americans need to wake up – now – and stop acting like spoiled, immature children. Elected officials need to put aside partisanship – now – and do what’s in the best interest of our country and speak the truth to the electorate. And we all must do this…
Read MoreSmall Biz Radio Host Jim Blasingame with Robert Brands
Robert Brands joins Jim Blasingame on the Small Business Advocate radio show to discuss how to inspire Innovation. As the life cycles of innovations get shorter and shorter each year, it is truly an “innovate or die” world for businesses everywhere. Consumer expectations drive the need to innovate, and Robert Brands shares the best practices…
Read MoreThe Right Rewards: Business Beyond Bonuses
What is the ultimate purpose of Innovation in a business? The end goal is Return On Investment (ROI) for all Stakeholders. After all, the objective of the New Product Development process is to turn ideas into money. ROI comes in the form of increased shareholder value, new products and new features – everyone wins, including your employees,…
Read MoreValue Proposition: The Key to Successful Innovation
What defines successful Innovation? Innovation is the process of using intellectual capital to create new products or services that generate positive business results in the form of financial returns. Discovering new findings then spurs more innovation which leads to further financial returns, and so on. Innovation is successful when positive outcomes result in return on…
Read MoreExperimentation + Risk (+ Failure) = Improved Environment for Innovation
Innovation rarely occurs by accident, but is the result of calculated effort, work and risk taking. In the face of failure, it requires one to try, try and try again. Thomas Edison went back to the drawing board more than 6,000 times before finding the right material to create his incandescent light bulb. Six thousand…
Read MoreFRAUD, INNOVATION and societal cost of business gone bad
Bernard Madoff’s and Scott Rothstein’s Ponzi schemes. Medicaid / Medicare scams. School board officials who sell their votes for cash. Mortgage fraud, foreclosure “robo-signers” and short-sales wrought with misdeeds. From Wall Street to Main Street to Washington – and the headline news, very smart, innovative people are gaining prominence nationwide for fraud. Investment scandals, Ponzi…
Read MoreHow Can Your Company Survive in the New Economy While Others Crash?
Six out of ten new businesses fail. Unemployment isn’t getting any better. The housing market is set for another bump in the road next quarter. And as if the cake needed icing, the FDIC is reporting that about half of America’s banks
Read MoreInnovate to Thrive: Time to Open the Throttle
As leaders search for the next process that will transform their organizations into category leaders, for many – it seems – the answer is close at hand: Innovation. Over the past several weeks and 10 posts on the Vistage Blog , we’ve reviewed key imperatives that formed “Robert’s Rules of Innovation” and that together create…
Read MoreFostering Creativity with Structure
Creativity in the form of fresh ideas, whether from executives, salespeople or customers, is an invaluable resource to any organization. But these ideas need guidance and structure in order to achieve the key goal of Innovation: profitable growth. To successfully channel ideas into a profitable result, it is necessary to establish a formalized New Product…
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