Business Strategy

When it comes to successful new product development, productivity is key. Entrepreneurs seeking to remain relevant, efficacious and profitable must continuously conceive and develop new products that not only make it to the market, but also deliver great value to target audience members. Namely, it is crucial for businesses to understand what consumers want, whether similar products already exist on the market and how they can create products superior to those developed by their competition.

To take great product ideas and translate them into even greater final physical products, a new product development strategy is critical. Your NPD strategy should be systemic, customer-driven and sales-goal oriented.

[Webinar Recording] Ready, Set, Grow with Innovation with Roy Newey

Ready, Set, Grow with Innovation with Roy Newey

Click the below to watch the recording

 

Euan: Welcome! And hello to everyone here today.  Most of you would have likely joined for one reason: you want to innovate or have a new product idea, but something is stopping you. That something is highly likely to be fear of the unknown and unknown and understandably so. Today we bring to you ready, set grow a webinar with the renowned speaker and business coach Roy Newey.

There are attendees from Great Britain to Australia and most places in between attending today. In fact, I believe the numbers registered on onto … Read More »

[Webinar Recording] Escaping the Dragon: Diversifying Supply Chains Out of China

Escaping the Dragon - Diversifying Your Supply Chain Out of China

Click the below to watch the recording

 

Euan Pallister: “Welcome and good day everybody.

We’re excited to have you here for this exclusive event with Michael Wallace on “Escaping the Dragon: Diversifying Your Supply Chain Out of China”. We’ve got attendees from all around the world tuning in today. So a very warm welcome to you all, whatever the time of the day or night it might be, wherever you are.

My name is Euan Pallister and I’ll be your host for this event. Joining us live from Kansas USA is Michael Wallace, the renowned global executive business coach, … Read More »

[Webinar Recording] How to use COVID-19 to Jumpstart Innovation in Your Business

Webinar with Mark Wardell of Wardell International and Bradley Pallister of Innovolo Ltd How to Use COVID-19 To Jumpstart Innovation in Your Business

 

Clare: Hello everybody, good afternoon and thank you so much for joining us today. We’re going to be talking about how to use COVID -19 to jumpstart innovation in your business. My name is Clare Forestier, I’m an independent host and emcee and I’m really excited actually to be moderating today’s session for innovative product development and design services company.

We’ve got really fascinating presentations and conversations coming up in the next hour. Obviously you’re going to be commenting in the chat about the things that you hear and the things that you’ve got to say around the subject … Read More »

The Top 3 Things To Consider When Innovating Your Business Model

3 Things To Consider When Innovating Your Business Model
This entry is part 2 of 8 in the series Eight Ways to InnovateThere are lots of ways you can go about improving your business. You can incorporate new technology, launch a new product or expand your revenue streams.

If you want a good place to start, check out our first post in this series about 8 ways to innovate your business.

Here, we’ll focus on transforming your business model with innovation. There are three things to keep in mind when exploring new business models:

Design your business model around bringing value to your customers; Develop a strong business infrastructure;… Read More »

When Times are Tough, You Need To Innovate Like You Never Have Before

Innovolo - When Times are Tough, Innovate Like You Never Have Before - Product Ideas - Innovation - NPD
Six years ago, Jane started a shipping and logistics company. Back then, she had two trucks, two drivers, and a rented warehouse. Today, she employs dozens of people, ships products all over the UK, and has a growing list of clients. It took a lot of Jane’s hard work to get to where she is.

For the past few months, Jane has been researching innovative technologies in the shipping and transportation industry. She has a dream of adding the latest GPS technology into her trucks. It will help her business operations be smarter and more proactive.

The new systems provide … Read More »

Why You Should Hold A Facilitated Product Development Workshop With Your Team To Maximise Your Return

Why hold a facilitated product development workshop?
Starting a product development project with an independantly faciliated workshop is a great idea. Organising the teamwork, and communicating a common vision to everyone avoids headaches later.   In his book Assessment and Control of Software Risks, Casper Jones tell us that facilitated workshops: reduce the risk of scope creep – continuous growth of requirements over a project lifecycle, from 80-10% speed up the delivery of early lifecycle phases by 30-40% increase function points by 40-85% provide a 5-15% savings in time and effort of the whole project. These are not insignificant indicators that workshops have major benefits, however Casper did… Read More »

The 8 Ways You Can Innovate In Your Business Today

How to Make the 8-ball on a Break - Business and Innovation Strategy from the Billiard Room
Different ways to innovate their organisations is something which business leaders talk about a lot but don’t always do much about in practice.

Except for the odd brainstorming meeting, now and again. Even when this happens, the brainstorming may be focused on an issue that needs solving. The input may not be that creative or innovative in real terms.

One of the ways to create more interest and time to be more innovative is thinking about what areas a company may want to apply more innovative thinking. In broad terms this gives a focus to the discussions and helps to … Read More »

How You Can Get The Most From An Innovation Programme Consultation For Your Business

How to the Get the Most from a Corporate Innovation Programme
Being innovative is not a skill that’s easily learned. In fact, companies big and small often struggle with encouraging innovation in their workplaces. Does that sound familiar to you? If so, then an innovation programme may be all that lies between your company’s struggles and a future that’s filled with innovation and amazing new product launches. What is an innovation programme? An innovation program is a way for companies to speed up their product development process or improve innovative thinking in the workplace. They work well for companies large and small because they are scalable. The focus is to build… Read More »

8 Digestible Tips To Help You Sustainably Grow Your Business To New And Dizzy Heights

This is the sign you've been looking for. 8 Tips to help you sustainably grow your business
Business development refers to creating long-term value for an organisation with assistance from consumers, markets and stakeholders. In simpler terms, it is the combination of various relationships to create prospects for future growth. If implemented properly, an effective business development strategy has great potential for any organisation.

 

Here are some business tips that will help you grow your business: Your human resources is an investment: One of the most important aspects in a business development process is ensuring you have an effective human resources department. Valuable employees help in increasing sales, attracting new customers and retaining existing customers. It… Read More »

Here We Explain The Fundamental Difference Between Creativity And Innovation In Your Business

The Fundamental Differences Between Creativity And Innovation
There’s much confusion surrounding creativity and innovation.

“Creative types,” in particular, claim that creativity and innovation can’t be measured. Performance, however, demands measurement so you can identify what success looks like. In a world that changes every second, it’s imperative that companies figure out the difference between creativity and innovation.

You better believe they’re different.

Creativity vs Innovation

The main difference between creativity and innovation is the focus. Creativity is about unleashing the potential of the mind to conceive new ideas. Those concepts could manifest themselves in any number of ways, but most often, they become something we can see, … Read More »

Innovate or Die!

Innovate or Die! The simple fact remains - if you want to survive - you MUST innovate, or your organisation will become another statistic. What will YOU do in order to survive?

Let’s face it, you don’t want to die, do you?

So, every day, you do things that are going to prolong your life – you eat, you drink, you exercise (or should do!)….the list goes on. The fact remains, from the minute you get out of bed, you start doing tasks that sustain life, mostly subconsciously.

So, if you’re in business seriously, how long do you want your company to survive?

Are you feeding it properly, not only with the right customers, but with the food it needs to grow and prosper, such new innovations and new products?

Look at … Read More »

Outsourced Innovation – A Strategic Growth Component


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We all now live in an age where we see well-established industries disrupted by streams of new technology that challenge the very foundations on which they operate. Whether a company has an adaptation, survival, or growth goal, the magic key to meeting each of these challenges is the same – innovation.

‘Traditional innovation’ within large organisations is generally slow and ineffective. Management of this traditional corporate bureaucratic innovation is usually driven by short-term goals and internal politics, resulting in inertia, stifled creativity, and an instilled fear of failure. The simple solution is to transform innovation … Read More »