Are you an innovation sucker or winner

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With innovation being one of the hardest things for a company to quantify in dollars against the bottom line, it may be one of the first things that they cut from the budget.

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Are you an innovation sucker or winner

  1. 1. ARE YOU AN INNOVATIONSUCKER OR WINNERFor additional information about Innovationplease visit www.InnovationGrow.com
  2. 2. www.InnovationGrow.comWith the recent global economic troubles companies are watching whatthey spend their time and money on in an attempt to balance thebudget and sustain business.With innovation being one of the hardest things for a company toquantify in dollars against the bottom line, it may be one of the firstthings that they cut from the budget. Having a strong innovationprocess is one way that a company can retain the innovation whilehaving a handle on the cost versus benefit, but most companies don’tknow how to accomplish this feat.When you cut out innovation you are really cutting out the futurecompetitive advantage in a feeble attempt to stay afloat in the present;without regard for the future position of the company.2
  3. 3. www.InnovationGrow.comAs the cash and budgets tighten up companies tend to go back to basicsand focus on the tangible business operations.Finding ways to reduce costs and increase productivity with the currentresources is a great short term fix but innovation is the key to long termsustainability.Companies need to rely on the basics while they use their innovativeprocess to solve the bigger problems and put the company in a betterposition not only in the future but in the present.It’s great to have a long-term strategy but you have to be in business inorder to realize this strategy, no matter how great it may be.3
  4. 4. www.InnovationGrow.comUsing a great innovation process can be the key to solving these short-term problems while keeping the mechanism for long-term success.Instead of focusing the innovation energy and process on competitiveadvantages it can be refocused on solving the immediate problems suchas budget and inefficient workflow processes.By using a great innovation process that utilizes the creative force of thewhole organization you can find a solution to any problem or potentialproblem that the company faces.4
  5. 5. www.InnovationGrow.comKeeping the innovation process focused on adding value for thecustomer is the best use after the business basics have been stabilized.Streamlining the innovation process will allow you to juggle theproblems from all areas while giving you actionable solutions and ideasthat can be tested and implemented.Looking at the innovation process as the most valuable tool that needsto be upgraded all the time will allow you to solve even the toughestdifficulties that can face your company.5
  6. 6. www.InnovationGrow.comThe fundamentals of business will never change but how you deliverthose fundamentals is rapidly changing as the global business climatechanges.Being able to adapt to these changes can be made easier by using agreat innovation process.Finding customers more easily and providing more value are benefits ofa great innovation process. Providing customers with the utmost valueis a great way to have them want to return to do more business withyou, and innovation can be the tool that you use to ensure this.6
  7. 7. www.InnovationGrow.comJust when you think that you should cut the funding or resources to theinnovation process, in all likelihood you should be doubling yourresources related to the innovation process and then innovate your wayout of the problem.No problem is impossible and you can use the innovation process toensure that you can not only solve the problem but that you have a toolto solve any problem that may arise in the future. Be an innovationwinner and invest in this amazing problem solving tool.7
  8. 8. GROWING BUSINESS WITH INNOVATIONFor additional information about Business Innovationplease visit www.InnovationGrow.com

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