Innovation


Do you only associate innovation with those well-known products that changed the course of human history? We all can list “The Big Product Innovations”: the light bulb, telephone, airplane, Post-It-Notes, the Apple personal computer, and the iPhone. OK, maybe Post-It-Notes doesn’t really make the list of “Big Ones”, but I bet you still have some! In 380 BC, Plato wrote the following in his ancient book...

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It’s unsettling to know that we live in an age where more and more working-age people are choosing not to work in our American economy. In the current economic climate, some companies are indeed reducing their business development expectations and capabilities, and are focusing on simply maintaining their market share. The result is that there are fewer interesting and traditionally upwardly mobile jobs being created by our...

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Anna had been working for us for several weeks now, and it just wasn’t working out. The signs of team frustration were appearing again, and I felt that I was beginning to make excuses for our new team member. To be effective, management needs the trust of the team. When the team begins to feel that their leader is protecting and making excuses for a team member, that leader begins to lose the trust of the team members. It was very...

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Businesses today operate in a climate of frequent government intervention in the marketplace, and must be prepared to evaluate the changes brought by new regulations, and then respond quickly in order to remain profitable. Regulations may be designed to increase costs or even seek to eliminate a product or service. This may force companies out of the market, or cause them to abandon a profitable line of business, if that product or...

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“He wasn’t a very good farmer,” my grandmother would often tell me about her own father, “so he was very happy that I married a man who came from a successful farming family, your grandfather.” My maternal great, great grandparents emigrated from Eastern Europe to homestead in the Dakota Territory in 1862. They came to escape the societal limitations and political dangers they faced, and risked everything to come to America. Both...

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In a competitive marketplace, it is guaranteed that your company will face marketplace obstacles & threats in your drive to success, from both external and internal sources. A competitor is free to engage in competition with your company. At any time, they can step up their efforts to win over your clients to their company–and if your company has been successful, then this will be a certainty. Your employees are working for...

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