Innovative ness key to Business Growth - page 2.

Cryptomultiplier

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Quote from: uche6215 on October 24, 2024, 05:40:57 AM

Innovativeness entrails the act and practice of being idealistic and doing things differently from the traditional way of doing things. It involves bringing new skills ideas and approach to an already existing way of doing things.

Innovation is a business skill needed to grow your
business beyond the level that it's today. Because the business environment is a very tasking environment and only people with innovative ideas can move forward.

The difference between between two people doing the same business lies on the fact that one person is not innovative holding on to the normal way of doing things while the other is innovative always looking for different ways of doing things in a bid to improve on his business

I would like to remind us of some simple probable fact and that is;
Lamborghini was a tractor company at the initial stage,
Samsung was a grocery store when no one was looking and Netflix was a DVD service until it became what it is today.
The truth is that business ideas may go stale but the genius of any business is the innovations that bring more customers and credibility and ensures comfort for the customers.

Farhan99

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Quote from: fuguebtc on October 26, 2024, 06:20:29 AM

when it comes to business we need to combine all the elements together and create a balance between them . You are right, the key here is balance , we should not focus on just one innovation element and ignore the others .

Innovation is only necessary when our business becomes obsolete or the old way of doing business no longer works, but if everything is stable then there is no reason to innovate . Also, innovation is not always effective , we need customer feedback and opinions because if innovation does not make them more satisfied then we need to reconsider .

There are many things in business from which one learns a lot and can easily understand. No one is an expert in everything and I mostly prefer business because it is a job where you invest a little time and you get a lot of profit. Because in this work you have your own money in which you can keep as much profit as you want which will give you a lot of money and fulfill everything you want. See a job never gets old or more people go into it or something new is invented that makes it obsolete. They have been eating bread for a long time but today it has been replaced by other foods. Although bread is not difficult to find.

CK485

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Quote from: fuguebtc on October 26, 2024, 06:20:29 AM

I agree with most of what you say , when it comes to business we need to combine all the elements together and create a balance between them . You are right, the key here is balance , we should not focus on just one innovation element and ignore the others .

Innovation is only necessary when our business becomes obsolete or the old way of doing business no longer works, but if everything is stable then there is no reason to innovate . Also, innovation is not always effective , we need customer feedback and opinions because if innovation does not make them more satisfied then we need to reconsider .
In short: when it comes to business, we need to pay attention and make sure all the factors , which factors need to be adjusted, which factors need to be changed, we will intervene. We should not just focus on one factor as I said.

There are many considerations for the business factors that we are engaged in, all things need to be mature in compiling the innovation that we develop from the beginning, it is very important to support progress, in accordance with the business plan that we are aiming for, an innovation is sometimes less effective in implementing it, of course, we must consider innovations whose ideas come from outside thinking.

fuguebtc

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Quote from: icalical on October 24, 2024, 09:37:02 AM

As far as my experience innovation is not the sole factor. Most of the times, businesses may thrive based on traditional ways when those ways align with the core values of the customers or industries they serve. Not every industry needs disruption, sectors like finance or healthcare often prize stability over innovation given the associated risks. The key is balance, innovate where value is added, but do not change for the sake of change.

The recent trend also shows that digitally enabled enterprises through the use of AI, IoT, and 5G technologies are performing well because these technologies are embedded in the different processes of a firm to enhance efficiency and productivity. Be that as it may, not all innovations succeed. As a matter of fact, generative AI has made some firms experience errors and cybersecurity threats in their operations. All these indicate that innovation should be adequately managed in order not to produce negative consequences.

I agree with most of what you say , when it comes to business we need to combine all the elements together and create a balance between them . You are right, the key here is balance , we should not focus on just one innovation element and ignore the others .

Innovation is only necessary when our business becomes obsolete or the old way of doing business no longer works, but if everything is stable then there is no reason to innovate . Also, innovation is not always effective , we need customer feedback and opinions because if innovation does not make them more satisfied then we need to reconsider .
In short: when it comes to business, we need to pay attention and make sure all the factors , which factors need to be adjusted, which factors need to be changed, we will intervene. We should not just focus on one factor as I said.

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Quote from: CK485 on October 25, 2024, 02:58:19 AM

It is true that the Inovation implemented today are very much needed with broad thinking, and the ideas that emerge must follow current trends, it is very helpful to remember that progress continues to roll, and we continue to learn a lot and create Inovation about all of that, to change the direction of life for the better.

Anyone will lose the competition when they do not have innovation in business because now there is a lot of competition that will emerge. Traditional businesses that rely on sales with non-innovative methods will continue to lag behind while others have tried to develop potential that is much more targeted. Just look at how supermarkets develop sales potential and now people think it is easier to shop there than in regular stores. The buyer's mindset is formed to shop at their place, even though not all the goods they sell are cheap because when compared sometimes they are a little more expensive in their place.

Innovation and the promotion stage must be carried out effectively and may need to make some changes like they do. If not, we will be further left behind from following the trend and the business we manage will be very difficult to develop with a much lower level of success.

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It's funny how innovation could actually be a boon or bane for a business. I can remember two local restaurants that seemed to have lost a certain unique ambiance because of changes-- not necessarily innovation, although innovation is change.

One is a truly old and dilapidated restaurant. It's hard not to notice the worn-out and uneven wooden steps going to its spacious second floor. It's a testament of how old and well-loved the place is. For some reasons, the place underwent a major facelift. Since then, it has lost its unique historical character, and perhaps a lot of customers. It ceased being an icon. I myself haven't gone back there since I saw the changes.

Perhaps, as far as actual business is concerned, some things are better left as they are. The same is true when it comes to food business. Innovations, twists, experiments, personal touches, and the like oftentimes result into unfamiliar even palatable cuisine.

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Quote from: MarjorieZimmermanGinger on October 25, 2024, 01:00:43 AM

Innovation does need to be developed especially when someone runs a business because the previous traditional style is no longer suitable for today's business development. The business level also needs to be improved through new methods where currently people can shop just by using a smartphone while sitting at home. Consumer convenience needs to be considered so that they can get easy access to shopping even though they don't need to come to the store.

It is true that the Inovation implemented today are very much needed with broad thinking, and the ideas that emerge must follow current trends, it is very helpful to remember that progress continues to roll, and we continue to learn a lot and create Inovation about all of that, to change the direction of life for the better.

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Quote from: uche6215 on October 24, 2024, 05:40:57 AM

Innovativeness entrails the act and practice of being idealistic and doing things differently from the traditional way of doing things. It involves bringing new skills ideas and approach to an already existing way of doing things.

Innovation is a business skill needed to grow your
business beyond the level that it's today. Because the business environment is a very tasking environment and only people with innovative ideas can move forward.

The difference between between two people doing the same business lies on the fact that one person is not innovative holding on to the normal way of doing things while the other is innovative always looking for different ways of doing things in a bid to improve on his business

that's a nice essay about innovation, but in business and to assure buisness growth one does not rely on his /her innovative skills alone to grow that buisness , you can still be innovative and lack certain qualities like consistentcy, hard work , determination e t.c so it isn't just to be innovative.

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In today’s situation, where so many people are diving into business, we need to stay innovative to keep competitive—that's the key to real growth. Being business-minded means looking beyond just the present; it’s about seeing the future, too. We need to think bigger and stay proactive in tackling whatever comes our way. Strategic thinking and having solutions ready for any challenge are essential. That’s why business owners invest more in innovation and training because these are the driving forces that lead to success. It is quite expensive, but of course, the return is quite good as well.

MarjorieZimmermanGinger

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Quote from: uche6215 on October 24, 2024, 05:40:57 AM

Innovation is a business skill needed to grow your
business beyond the level that it's today. Because the business environment is a very tasking environment and only people with innovative ideas can move forward.

Innovation does need to be developed especially when someone runs a business because the previous traditional style is no longer suitable for today's business development. The business level also needs to be improved through new methods where currently people can shop just by using a smartphone while sitting at home. Consumer convenience needs to be considered so that they can get easy access to shopping even though they don't need to come to the store.

Quote from: uche6215 on October 24, 2024, 05:40:57 AM

The difference between between two people doing the same business lies on the fact that one person is not innovative holding on to the normal way of doing things while the other is innovative always looking for different ways of doing things in a bid to improve on his business

Technical developments can be implemented in business and we can use the media as an effort to promote more effectively. The use of online-based platforms can be used to sell every product we have so that the customer reach can be much wider. The idea of business development can indeed be applied on a wider basis and we can run certain businesses without even needing stores that stock goods in large quantities.

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Quote from: uche6215 on October 24, 2024, 05:40:57 AM

Innovativeness entrails the act and practice of being idealistic and doing things differently from the traditional way of doing things. It involves bringing new skills ideas and approach to an already existing way of doing things.

Innovation is a business skill needed to grow your
business beyond the level that it's today. Because the business environment is a very tasking environment and only people with innovative ideas can move forward.

The difference between between two people doing the same business lies on the fact that one person is not innovative holding on to the normal way of doing things while the other is innovative always looking for different ways of doing things in a bid to improve on his business

Or what we call game changer, maybe this entrepreneur is a visionary as well as they can see what the future will be and so they innovate this day so that they will be able to cope with what the future will bring to us. Take for example another visionary which is Steve Jobs, he might not invent the whole concept of mobile phone, but he put it to the next level with his creation and invention.

Elon Musk as well, with his Tesla's Cyber truck, it's truly the first and the design is futuristic, and in the beginning this new innovation might not be accepted by the society. But in the end they will fall in love with it and that is the testament for this guys vision and challenging the status quo.

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Quote from: Marvelockg on October 24, 2024, 08:21:43 AM

Quote from: uche6215 on October 24, 2024, 05:40:57 AM

The difference between between two people doing the same business lies on the fact that one person is not innovative holding on to the normal way of doing things while the other is innovative always looking for different ways of doing things in a bid to improve on his business

The number of smart people we have in today's society is too much and they populate the business sphere to the point that if you're not as innovative as expected, you will never measure up to what's expected in the market and others coming behind you will outsmart you greatly and grow to pass you.

This is exactly why even though education is very important it is not the end of the world if you didn’t do well in school or didn’t even get the opportunity to reach high level education. As long as you can take an item and make it better, you can succeed in life. It is getting harder and harder these days because there are so many products out there that you need to literally twist your brain to see if there’s still any ways you can bring something unique to the table.

Quote

The cost of running certain businesses is the reason why in certain locations, people shy away from carrying out some businesses even when it's lucrative, if you can figure out an innovative way of setting out the same business in the same location and still eliminating cost that others are shying away from, you can do so well in any niche you situate.

Really good explanation.

Do something others won’t. Simple as that. Of course you need to check why they aren’t doing it then go find a way to eliminate those cons that other people may have seen by doing such things. Don’t be scared of straying away from the norm.

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Quote from: uche6215 on October 24, 2024, 05:40:57 AM

Innovativeness entrails the act and practice of being idealistic and doing things differently from the traditional way of doing things. It involves bringing new skills ideas and approach to an already existing way of doing things.

Innovation is a business skill needed to grow your
business beyond the level that it's today. Because the business environment is a very tasking environment and only people with innovative ideas can move forward.

The difference between between two people doing the same business lies on the fact that one person is not innovative holding on to the normal way of doing things while the other is innovative always looking for different ways of doing things in a bid to improve on his business

You must understand about businesses is that most people don't know how to attends to their customers, if is a competitive business then marketing should be focused more than any other thing, even in the forum here there are several casino/gambling site that has been in existence but what matters most is their marketing strategies that they implore to keep them running. What makes most of them became popular is how they reacts and listen to their customers in terms of problems.

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Quote from: Fortify on October 24, 2024, 03:51:42 PM

Tell this to barbers or pizza places - you don't necessarily need innovation to keep a business ticking over. You should be competitive though in terms of pricing and there has to be a large enough local population to sustain the level of business you are looking to achieve. Just look how you can have multiple pizza places or coffee shops in the same town. Sure they do try to distinguish themselves, running different offers and trying to be different, but they'll often overlap in many areas. Innovation is great, no doubt about that, as it keeps us moving forward - bringing us things like the internet or smart phones, but there are other businesses that survive just by following proven business models.

I agree with this. Even though bringing changes and innovations in certain businesses can boost the sales and growth of a business, it isn't necessarily important for every business to grow and sometimes business can grow with simple rules such as providing the best quality you can, maintaining that quality over time, and trying to offer rates as low as possible for your products or services so that your customers don't run away from you and look for other businesses providing the same products and services at more affordable rates.

The most important thing in a business to help it grow is for the management to understand what they need to do. Understanding what your business needs is also a skill, and you should provide that to boost your growth rate. This way, you will know that based on your business type and model, whether you need innovations or not, and whether improvisations can help the business grow or it will only be a costly and ineffective effort which isn't healthy for the business.

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Quote from: uche6215 on October 24, 2024, 05:40:57 AM

Innovativeness entrails the act and practice of being idealistic and doing things differently from the traditional way of doing things. It involves bringing new skills ideas and approach to an already existing way of doing things.

Innovation is a business skill needed to grow your
business beyond the level that it's today. Because the business environment is a very tasking environment and only people with innovative ideas can move forward.

The difference between between two people doing the same business lies on the fact that one person is not innovative holding on to the normal way of doing things while the other is innovative always looking for different ways of doing things in a bid to improve on his business

Tell this to barbers or pizza places - you don't necessarily need innovation to keep a business ticking over. You should be competitive though in terms of pricing and there has to be a large enough local population to sustain the level of business you are looking to achieve. Just look how you can have multiple pizza places or coffee shops in the same town. Sure they do try to distinguish themselves, running different offers and trying to be different, but they'll often overlap in many areas. Innovation is great, no doubt about that, as it keeps us moving forward - bringing us things like the internet or smart phones, but there are other businesses that survive just by following proven business models.

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Quote from: uche6215 on October 24, 2024, 05:40:57 AM

Innovativeness entrails the act and practice of being idealistic and doing things differently from the traditional way of doing things. It involves bringing new skills ideas and approach to an already existing way of doing things.

Innovation is a business skill needed to grow your
business beyond the level that it's today. Because the business environment is a very tasking environment and only people with innovative ideas can move forward.

The difference between between two people doing the same business lies on the fact that one person is not innovative holding on to the normal way of doing things while the other is innovative always looking for different ways of doing things in a bid to improve on his business

It is undeniable that if you want to be successful in business, being creative and innovative is a must without exception, including in small and large businesses. Without being creative and innovative in business, it will make it difficult for our business to grow.

Moreover, in doing business in the era of globalization where technological developments are very rapid like today, it is very important to follow its developments, both in terms of technology and any aspect so that by thinking creatively and innovatively, all of that is very easy to follow.

For that, being innovative in business is a way of thinking where business people can find new things and these new things can also be used to get new answers to a problem faced. So it is very important in business to prioritize innovation because this is the most important foundation in building a business to be successful. Innovation is also one way in a business environment that is so dynamic that it requires business people to always be adaptive and look for the latest breakthroughs. Therefore, all businesses that are able to advance and develop until now, all start with creative and innovative efforts.

Yucky

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Quote from: Die_empty on October 24, 2024, 10:12:24 AM

Quote from: uche6215 on October 24, 2024, 05:40:57 AM

The difference between between two people doing the same business lies on the fact that one person is not innovative holding on to the normal way of doing things while the other is innovative always looking for different ways of doing things in a bid to improve on his business

Innovation could also mean adopting current technologies to perform tasks faster, cheaper and better. Before now motor mechanics in my location have to use manual techniques to trace faults in a car. But this has changed because there are technological tools that can identify faults without losing any part of the car. Any mechanic shop that fails to adopt the current technology will lose customers and the business might collapse. People will always go to innovative places because it saves them time, money and stress.

Taking businesses online is another innovative move. After COVID-19, physical presence is no longer enough because organizations can get more customers and transact businesses online.

So innovation does not have to be complex. It does not have to be about big machines. I know when people hear innovation, they start thinking of machine AI, but actually, making proper use of the internet to sell out, is also innovation. The aim of this innovation is that you get more ideas, more profit, so whatever means you take, little or big counts as innovation.

Indeed, including technology in your current business model, is a good way of practicing innovation. Adopting AI systems, adopting whatever system that automates your process so you can accomplish your task faster. If you do tasks with six hours, you can now do it with four hours, then the remaining two hours you can use it to think of new ideas to grow and enhance your business. That's also an innovation.
You can use your free hours to think on business ideas that are many people are not currently making use of in your industry and take advantage of it to grow your business more.

And yes, taking your business online, making use of digital skills, tools and resources like content creation, digital marketing, search engine optimization to get more eyes on your business, on what you are doing is an innovative way of growing your business.

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Quote from: uche6215 on October 24, 2024, 05:40:57 AM

The difference between between two people doing the same business lies on the fact that one person is not innovative holding on to the normal way of doing things while the other is innovative always looking for different ways of doing things in a bid to improve on his business

Innovation could also mean adopting current technologies to perform tasks faster, cheaper and better. Before now motor mechanics in my location have to use manual techniques to trace faults in a car. But this has changed because there are technological tools that can identify faults without losing any part of the car. Any mechanic shop that fails to adopt the current technology will lose customers and the business might collapse. People will always go to innovative places because it saves them time, money and stress.

Taking businesses online is another innovative move. After COVID-19, physical presence is no longer enough because organizations can get more customers and transact businesses online.

icalical

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As far as my experience innovation is not the sole factor. Most of the times, businesses may thrive based on traditional ways when those ways align with the core values of the customers or industries they serve. Not every industry needs disruption, sectors like finance or healthcare often prize stability over innovation given the associated risks. The key is balance, innovate where value is added, but do not change for the sake of change.

The recent trend also shows that digitally enabled enterprises through the use of AI, IoT, and 5G technologies are performing well because these technologies are embedded in the different processes of a firm to enhance efficiency and productivity. Be that as it may, not all innovations succeed. As a matter of fact, generative AI has made some firms experience errors and cybersecurity threats in their operations. All these indicate that innovation should be adequately managed in order not to produce negative consequences.

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Quote from: uche6215 on October 24, 2024, 05:40:57 AM

The difference between between two people doing the same business lies on the fact that one person is not innovative holding on to the normal way of doing things while the other is innovative always looking for different ways of doing things in a bid to improve on his business

The number of smart people we have in today's society is too much and they populate the business sphere to the point that if you're not as innovative as expected, you will never measure up to what's expected in the market and others coming behind you will outsmart you greatly and grow to pass you.

Even in the digital world and relating to most digital skills, they all demand that uniqueness of ideas which is what will guarantee that you stand out from others that are in a similar line of business with you. It's part of the reason why a company like Apple continues to upgrade their iPhones into newer models because they understand that you can't remain stagnant and stick to just a conventional way of doing things. You've got to think outside the box spot loopholes in existing businesses and brands around you and figure out how you can come in uniquely while standing out positively.

The cost of running certain businesses is the reason why in certain locations, people shy away from carrying out some businesses even when it's lucrative, if you can figure out an innovative way of setting out the same business in the same location and still eliminating cost that others are shying away from, you can do so well in any niche you situate.

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