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Tag: risk
Opinion

Who’s Afraid of the Failure Crocodile?

“If you want to succeed, double your failure rate”- Thomas J. Watson

We tend to look at failure like a hungry crocodile; dangerous, destructive, and something to avoid at all costs! But…embracing failure can become your business’s competitive advantage. Build a culture that celebrates mistakes! If you’re never failing, you’re probably never really winning either.

Use failure to set the foundation for how you approach everything you do.

If you are daintily tip-toeing around the Failure Crocodile and find everything you do is working, well, then you most certainly aren’t taking enough risks. And probably in that zone which is … Read More »

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Bronwynne Pallister 8 December 2020 3:59 pm No Comments
Opinion

Innovation and The Leap of Faith

Having the courage and ability to take a risk.

Taking a risk in business or in any way of life is a scary thing to behold. For sure, we could spend hours just talking about the ‘what ifs’ or the ‘but what then’, however when taking the leap of faith into Innovation, we need guts. Guts to commit to an innovation programme.

At the end of the day, it might not work. There’s what we call a leap of faith. When we’re going into an innovation programme, we need that leap of faith when jumping from the downward curve of … Read More »

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Bronwynne Pallister 18 November 2020 3:52 pm No Comments
lego knight in armour toy about to be crushed underfoot
Opinion

Market Research Assumptions – A Paradox?

Dare to assume during market research – a ridiculously risky thing to do!

You would maybe remember when Coca Cola brought out the ‘New Coke’ which was sweeter like Pepsi… They spent over $4 million developing the new product based on extensive market research using over 200,000 volunteers to blind taste the product. Even though a clear majority preferred the taste of the ‘New Coke’ during these tests, it was doomed to complete and utter failure.

Why?

They assumed.

They assumed that taste was the only reason people bought Coca Cola.

Wrong.

There was a huge loyalty and attachment globally … Read More »

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Euan Pallister 24 September 2019 6:56 am 14 Comments
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What an easy experience! The product developed so fast and so trouble-free – I could snap my fingers, and it was done. Made me feel like a magician – until I saw the bill at the end of the month. That’s when I realised how much work had gone on behind the scenes. For the future, I will be watching the costs a bit closer – it’s just too easy to rack up big bills. To be fair, this was very transparent, and I had visibility of those costs all the way through – I just didn’t look at it, that’s all.

Having said that, the product is pretty well finished – so we can get it launched earlier than I thought possible. So maybe those costs were a good investment, because we all know how valuable it is to be the first to market.

Head of Innovation and Compliance

Construction Sector Innovation Lab

Innovolo is the most valuable business resource we have invested in to date. I strongly recommend any business owners interested in running a successful innovation initiative - whether you already have an R&D team or not - to seriously consider Innovolo's retained service model.

Director of Innovation and Development

High-Rise Façade Manufacturer

It is an excellent collaboration between our company, and the Innovolo team, and is working extremely well. I am very pleased with your chemists who clearly know what they are doing.

Product Development Director

Global Medical Products Manufacturer

We had a very tight deadline to bring a brand new product to market, and we couldn't have done it without Innovolo's expertise. Thanks again for delivering a high quality and essential project so quickly.

Product Development Manager

Industrial Services Equipment Provider

Innovolo's initial understand of our challenges and the need for a rapid ROI confirmed that we had chosen the right partners for this strategic redirection in the company's growth. We were pleased to see the high level of professionalism and collaboration evident from all parts of the team once we gave the green light, and this has given us the confidence to continue the NPD focus into 2021 and beyond.

General Manager

Global Lubricants Distributor

We used Innovolo for industry analysis with excellent results. Their attention to detail is great, and we appreciated their ability to quickly grasp not only the outcome we were looking for, but an understanding of the markets in which we operate. Highly recommended.

Managing Director

Global Temporary Shelter Manufacturer

Innovolo's Innovation-as-a-Service is outstanding, highly recommended, especially if you are already doing R&D in-house. Products will come to life about 5x faster!

Business Owner

B2B Business Development Strategy Consultancy

I would like to thank you and the team at Innovolo who have been working on developing a new product for us over the last 9 months. I have been impressed by your professional approach, the good reporting and documentation, and the resourcefulness of the team in overcoming technical challenges as they have arisen.

Managing Director

Innovation Lab

What an easy experience! The product developed so fast and so trouble-free – I could snap my fingers, and it was done. Made me feel like a magician – until I saw the bill at the end of the month. That’s when I realised how much work had gone on behind the scenes. For the future, I will be watching the costs a bit closer – it’s just too easy to rack up big bills. To be fair, this was very transparent, and I had visibility of those costs all the way through – I just didn’t look at it, that’s all.

Having said that, the product is pretty well finished – so we can get it launched earlier than I thought possible. So maybe those costs were a good investment, because we all know how valuable it is to be the first to market.

Head of Innovation and Compliance

Construction Sector Innovation Lab

Innovolo is the most valuable business resource we have invested in to date. I strongly recommend any business owners interested in running a successful innovation initiative - whether you already have an R&D team or not - to seriously consider Innovolo's retained service model.

Director of Innovation and Development

High-Rise Façade Manufacturer

It is an excellent collaboration between our company, and the Innovolo team, and is working extremely well. I am very pleased with your chemists who clearly know what they are doing.

Product Development Director

Global Medical Products Manufacturer

We had a very tight deadline to bring a brand new product to market, and we couldn't have done it without Innovolo's expertise. Thanks again for delivering a high quality and essential project so quickly.

Product Development Manager

Industrial Services Equipment Provider

Innovolo's initial understand of our challenges and the need for a rapid ROI confirmed that we had chosen the right partners for this strategic redirection in the company's growth. We were pleased to see the high level of professionalism and collaboration evident from all parts of the team once we gave the green light, and this has given us the confidence to continue the NPD focus into 2021 and beyond.

General Manager

Global Lubricants Distributor

We used Innovolo for industry analysis with excellent results. Their attention to detail is great, and we appreciated their ability to quickly grasp not only the outcome we were looking for, but an understanding of the markets in which we operate. Highly recommended.

Managing Director

Global Temporary Shelter Manufacturer

Innovolo's Innovation-as-a-Service is outstanding, highly recommended, especially if you are already doing R&D in-house. Products will come to life about 5x faster!

Business Owner

B2B Business Development Strategy Consultancy

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