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PRIMO-F Model for Business Development

Rapid BI

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Ideas Don't Equal Innovation | N2Growth Blog

N2Growth Blog

As a result of our conversation, I decided to dust-off an old post, give it a few updates, and pass along my thoughts, which can be best summarized as “ Ideas Don’t Equal Innovation. It should be developed as a solution to a problem or to exploit an opportunity.

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Understanding Private Equity: What You Need to Know

Strategy Driven

Private equity also offers businesses access to funds where they would be unable or unwilling to source financing from traditional sources such as business loans. This type of funding is also referred to as ‘vulture financing.’.

Innovative Leadership in the Wild

LDRLB

I’ve just finished reading another good article about an innovator’s need to open the mind. And as usual, the illustrations come from new product development and business strategy. Articles like these always make me wonder: Doesn’t the other 95% of the business need to innovate, too? Just because innovation is not in someone’s job description, that doesn’t mean it isn’t important to their work. Featured Creativity innovation

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Innovative Leadership in the Wild

LDRLB

I’ve just finished reading another good article about an innovator’s need to open the mind. And as usual, the illustrations come from new product development and business strategy. Articles like these always make me wonder: Doesn’t the other 95% of the business need to innovate, too? Just because innovation is not in someone’s job description, that doesn’t mean it isn’t important to their work. Innovation creativity innovation

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M&A Without Buying the Company

N2Growth Blog

Most people tend to look at acquisitions from a rather myopic and traditional M&A perspective: making a strategic or synergistic purchase of an operating entity on an accretive basis. Other companies are in need of cash and are willing to sell certain contracts as a financing vehicle.

News Flash: Innovation Is No Longer Just a Specialist’s Job. Now Here’s How to Involve Your Whole Workforce Instead

Strategy Driven

The classic method of segregating innovation to a single department, or to a process led by specialists, just isn’t fast enough any longer. What’s needed is a culture in which innovation is the mission of everyone, everywhere, every day. That’s not the purpose of Innovation Engineering.

How Blockchain Is Changing Finance

Harvard Business Review

But the solution to this innovation logjam has emerged: blockchain. Blockchain was originally developed as the technology behind cryptocurrencies like Bitcoin. After all, most financial intermediaries themselves rely on a dizzying, complex, and costly array of intermediaries to run their own operations. The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance.

Figuring Out How IT, Analytics, and Operations Should Work Together

Harvard Business Review

A new set of relationships is being formed within companies around how people working in data, analytics, IT, and operations teams work together. Many IT organizations, having achieved this original mission, now are turning to the next thing, which is innovation.

4 Ways to Reinvest in Your Small Business to Drive Success

Strategy Driven

Reinvesting in improvements like equipment, infrastructure, product development, and improving customer service are all valuable ways to build your business. For example, they may know how to innovate and fill a market need, but they don’t know how to manage people.

A Quiet Revolution in Clean-Energy Finance

Harvard Business Review

Solyndra's example has been particularly stark: it raised over $1 billion in equity finance in addition to receiving a $535 million loan guarantee from the Department of Energy, all prior to a cancelled IPO and the recent FBI investigation upon its bankruptcy. Despite these gloomy headlines, three developments in the sector give us hope that the revolution in clean energy production is far from dead: 1. Innovation Sustainability Venture capital

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The Problem with the Profit Motive in Finance

Harvard Business Review

Banks have developed fortress balance sheets, improving credit quality by 54 percent, increasing net income and, restoring aggregate lending to pre-crisis levels of nearly $7 trillion. It was an event packed with prominent people who work (or worked) in finance, but seem to come from a different, more genteel world than the bulk of modern Wall Street: Bogle, Swensen, former Fed chairman Paul Volcker, former TIAA-CREF CEO John Biggs. Compensation Ethics Finance

Different Perspectives to Solve Problems

Mike Cardus

Current Method Better Way Innovation. Face to Face or Virtual Team Innovation Problem Solving. Current Method Better Way with a virtual team to enhance operator training & learning. Current Method Better Way – Innovation From Multiple Perspectives Frame.

Startups Could Fundamentally Change the Way Big Investors Operate

Harvard Business Review

Innovation has the potential to transform the investment industry. Small startup firms are already developing proprietary technologies — such as machine vision, deep learning, and other innovations —– that could help large investors evaluate opportunities and risks with far greater accuracy and efficiency than was previously possible. Yet the world’s largest funds are closed off from these innovations.

Capital vs. Influence

N2Growth Blog

Astute investors mitigate risks and help to insure operational success by adding value to the business model, and by filling gaps that may exist in any of the areas I mentioned in the opening sentence of the preceding paragraph. By Mike Myatt , Chief Strategy Officer, N2growth .

Scaling Growth Disruption and Capacity

Mike Cardus

Positioning is required to scale your services into a whole business that can operate with sales, products, customer service, follow up, and business units. customer service, sales, finance, quality management, innovation) and products together in your business.

Stop Operating with a Guild Mindset

Harvard Business Review

Today, the guild mentality persists within companies, where functions such as marketing, sales, finance, IT, human resources and R&D all have their own area of special expertise. Marketing, sales teams and the DSD force itself operate with tremendous coordination to ensure that they are consistently aligned in their business objectives. If the products are hits, that's even better; because it "owns the shelf," there's a direct link back to innovation and marketing.

The Big Picture of Business – Business Success Checklist

Strategy Driven

When you own and operate a business you need to have certain procedures for an efficient and seamless function. Sometimes the difficulty of managing your time makes for a haphazard operation. An inefficient operation results in unproductive activities which often miss the point and worse yet, result in wasted time and wasted resources. It is important to identify swings and trends so that innovation can remain a strength of your business. Business development.

HP Headed to Hotel California?

Women on Business

that focuses on customers and innovation. When it works, it’s wonderful but the operative word is when it works. For a small business, this is a huge operational problem. HP has made some controversial decisions lately, but is Meg Whitman a great strategic move or the kiss of death for this once great tech company? HP announced Whitman’s appointment on September 22, 2011 but given the public comments, customers seem to think it’s a bad choice.

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Stock Buybacks Aren’t Hurting Innovation

Harvard Business Review

These stock buybacks have come under criticism as a bad investment – the argument being that companies sitting on record amounts of cash ought to invest in innovation, salaries, or at least dividends, rather than pumping up their own stock price through buybacks.

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How the U.S. Can Rebuild Its Capacity to Innovate

Harvard Business Review

From automotive to semiconductors to pharma to clean energy , America’s innovation centers have shifted east, offering growing evidence that the U.S. ” But it should be possible for the United States to reverse these developments. Jetta Productions/Getty Images. Many U.S.

What Your Innovation Process Should Look Like

Harvard Business Review

Companies and government agencies often make the mistake of viewing innovation as a set of unconstrained activities with no discipline. In reality, for innovation to contribute to a company or government agency, it needs to be designed as a process from start to deployment. When organizations lack a formal innovation pipeline process, project approvals tend to be based on who has the best demo or slides, or who lobbies the hardest. Innovation Experimentation Digital Article

When America Was Most Innovative, and Why

Harvard Business Review

economy depends on technological progress, but recent data suggests that innovation is getting harder and the pace of growth is slowing down. A major challenge in business and policy spheres is to understand the environments that are most conducive to innovation. was so innovative. The context for technological development was very different a century ago. Nevertheless, the impact of innovation on economic growth was typically large.

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The Right Way to Spend Your Innovation Budget

Harvard Business Review

Innovation is famously difficult — many projects end up losing money, frustrating employees, and going nowhere. And yet corporations and governments spend billions of dollars annually pursuing innovation. This huge spending would generate more value for businesses and societies if the innovation success rate were just a little higher. Innovation projects often fail because the resources are spent on the wrong kind of innovation.

Nonprofits Can’t Keep Ignoring Talent Development

Harvard Business Review

A new study by The Bridgespan Group, based on a survey of more than 400 nonprofit C-suite executives and dozens of interviews, surfaced this surprising finding and discussed how to address this leadership development deficit. Talent management Leadership development Social enterprise Article

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Develop Your Company’s Cross-Functional Capabilities

Harvard Business Review

Instead, our interviews found a willingness to let organizational forms and structures evolve naturally, developing in line with the identity of the enterprise. Some of the first business functionaries were railroad telegraph operators who managed schedules.

Fear of Loss of Group Membership is More Powerful Than Management

Mike Cardus

Application and development outside the classroom and structured training time. The district managers operated under a control and command system and asking them to switch to coaching & feedback was met with great resistance. Photo Credit. Resistance to Change and Learning Anxiety.

Eight Communication Traps That Foil Innovation

Harvard Business Review

Most leaders are interested in growing their businesses through innovation, but it's risky business: most innovation efforts fail. Innovative ideas, initiatives, products, culture transformations, you name it, have little chance to succeed if they aren't enabled by smart communications.

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Develop Deep Knowledge in Your Organization — and Keep It

Harvard Business Review

The best leaders understand that the current success of their business, and any future innovation, depends upon the “deep smarts” of their employees — the business-critical, experience-based knowledge that employees carry with them. Leaders with a passion for developing employees’ skills, and those who understand the need to transfer knowledge among generations of workers, know how important it is to link in-house education to strategic planning.

The Right Way to Plan an Innovation Tour

Harvard Business Review

Innovation tourism: it’s a thing. These well-intentioned professionals travel the world in pursuit of the secret sauce of innovation. But an innovation tour can be valuable, as long as you know what to look for and think about. Innovation Entrepreneurship Policy Article

What It Takes to Innovate Within a Corporate Bureaucracy

Harvard Business Review

In order to support corporate hackers like Atis and Windham and foster internal innovation, companies need to identify these individuals and understand what makes them tick. She found partners, attracted financing, and cultivated a community of internal supporters.

How Chinese Companies Can Develop Global Brands

Harvard Business Review

To many skeptical consumers in developed markets, Brand China still means lower quality. Since positioning is vital in new markets, today’s boards must include Chief Marketing Officers, not just directors with operations or finance backgrounds.

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What Businesses Need to Know About Sustainable Development Goals

Harvard Business Review

Some companies could get a jumpstart in their industry in organizing partnerships and even positioning themselves as leaders in sustainable development using the goals as a branding anchor. This can make the case for innovating in sustainable development more challenging.

How to Hand Off an Innovation Project from One Team to Another

Harvard Business Review

That fear drives their companies to invest millions into coming up with breakthrough innovations. If innovation projects are going to succeed, they’ll need to survive a handoff from an innovation team to an execution team. Innovation Digital Article

The most common financial mistakes graduate entrepreneurs make

Strategy Driven

Amongst the world’s ambitious graduates are some of the next generation’s entrepreneurs and innovators. A business plan sets out the financial and operational objectives. Many graduates are both innovative and more financially-savvy than they get credit for.

How to Innovate When You're Not the Big Boss

Harvard Business Review

Given the unrelenting pace of change surrounding organizations in virtually every industry, companies are looking for executives who know how to innovate and introduce change, not simply caretakers who can manage the status quo. When ambitious managers one or two levels below the C-suite hear that they need to demonstrate the ability to lead innovation and change, this feedback typically triggers howls of protest, often preceded by "They won't" or "They don't."

Social Networks Will Change Product Innovation

Harvard Business Review

The deeper question is: Will these new communication channels actually force material changes not just in the way companies market their products but in the strategies and operations they use to develop and build those products as well? Communication Innovation Social mediaMuch is being written about the impact that new communication technologies and channels (blogs, Facebook, Twitter, YouTube) have on traditional marketing.

Design Matters

N2Growth Blog

Whether it is aesthetic, functional, creative, process, innovative, intellectual, technical or applicational…design matters.

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Could You Be A Better Entrepreneur?

Strategy Driven

If you can continually pinpoint the weaknesses of your company and your leadership skills, then you’ll be able to continually develop solutions which improve your business. This is about developing your technical knowledge so you can be more than just a delegator.

4 Ways Leaders Can Get More from Their Company’s Innovation Efforts

Harvard Business Review

A recent McKinsey report found that while 84% of corporate executives think innovation is key to achieving growth objectives, only 6% are satisfied with the innovation performance of their firm. One reason for the paltry performance is that while other business areas, like sales or finance, are considered to be core functions, innovation is often considered to be something that’s “nice to have” rather than essential. Innovation Digital Article

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Big Companies Can Unleash Innovation, Rather than Shackle It

Harvard Business Review

In today's world, start-ups aren't the only ones who can innovate. As I discussed in my post How Big Companies Can Save Innovation , large companies are now better positioned to innovate than ever before. Here's why: the innovation revolution spurred by venture capitalists decades ago has created the conditions in which scale allows big companies to shift from shackling innovation to unleashing it. Consider Medtronic's innovative effort Healthy Heart for All.

Leadership – No Talent Required | N2Growth Blog

N2Growth Blog

Clearly the difference possessed by all great leaders is that they refine, develop and build from their foundation – they don’t ignore it or take it for granted. Active, intentional, empathetic, and analytical listening all require a bit of development.

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Keeping It Simple

N2Growth Blog

You will find that the best leaders, communicators, teachers, and innovators have a true knack for taking extremely complex, dense or intricate content and making it engaging and easy to understand. By Mike Myatt , Chief Strategy Officer, N2growth.