Can innovation transform your business?

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Even a coat of paint can start to transform your business.

 

 

Business transformation should be exciting

Why? Because it is changing you for the future. Even though it might be a big challenge for you, you have little choice. You must be constantly reinventing your business in order to keep up, the alternative is not pleasant.

This is relevant to any business because either your business is constantly moving forward or it fades into oblivion. And this is especially true for those seeking to leverage the Internet of Things (IoT) big data and mobility to drive business transformation.

So how do you motivate businesses and non-profit organisations to become more effective at leveraging innovation to transform their operations? What can be done to convince them to embrace the power of new technologies to optimise key business processes, uncover new opportunities and create a more compelling, customer service and customer experience?

Why are people afraid to advance from their comfort zones and accelerate their success? Why do people cling to the past practices even when they see others having significant success with new practices? Why are people afraid to try something new, especially if it has been proven to work? Is fear of failure greater than the desire for success?

Business transformation requires a cultural of innovation, not a cultural of luck. While innovation can create a certain amount of luck there is no room for people who are risk-averse and afraid of making mistakes and having failures. Mistakes and failures are a natural part of innovation as they are part of it and they enhance the learning process.

 

“Frequent small steps beat occasional big leaps every time”. Jeff Goins

 

Creating a more mobile work environment and a culture of innovation will take you a long way in transforming your business in order to cope with the new business environment of globalisation and technological advancement.

All around us and in every industry, change is relentless. By leveraging data and analytics to gain superior insights into the market, customers, products, services and operations, it becomes possible to withstand the headwinds of change.

 

What is required if you want innovation to transform your business?

  • Outline clearly your objectives for innovation and align them with your purpose and vision.
  • Focus on gaining more insight and foresight into your marketplace, your customers and your business operations.
  • Put your products and services under the microscope looking for ways to improve your customer service and customer experience.
  • Adjust you business model to be more adaptable to change, with dedicated activities to facilitate innovation.
  • Delegate or outsource non-core activities so you have time available to focus on innovation.
  • Analyse your value chain and its capability, and capacity to help you with innovation into the future.
  • Create an innovation process for everyone to follow and utilise a project management system.
  • Implement training programs to remove the struggles and implement the necessary changes.
  • Grow your knowledge base and incorporate big data for innovative ideas. Perhaps your content marketing could put more emphasis on creativity and innovation.
  • Reward breakthroughs and even small innovations. Never take small innovations for granted as many small ones add up to big ones.
  • Avoid procrastination, there is no time to waste if necessary engage an advisor with practical experience in innovation practices. Perhaps a regular meeting to discuss innovation could be a step in the right direction.

If you cannot start to implement some or all of these suggestions, then any innovation to transform your business will have difficulties. Invest the time and effort to really understand what you are trying to accomplish and why innovation is important to your organisation.

Business transformation is not unlike climbing a ladder, you have to be willing to let go of the rung below you. And if the ladder is leaning on the wrong building it doesn’t matter how high you go you will never achieve your objectives.

 

[read more=”Personal Experience” less=”Personal Experience”]

Personal Experience

Sometimes it is hard, but if you can focus all your energies on your strengths and those of your employee’s, innovation can occur more naturally.

When I put the right work in the right hands in the culture, the magic of natural strengths produce outstanding engagement, productivity and results. Focus on inspiring and developing strengths rather than fixing weaknesses as a first priority.

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