Innovative ness key to Business Growth - page 3.

Kemarit

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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.

kotajikikox

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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.

SmartGold01

legendary

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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.

Alone055

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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.

Fortify

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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.

Mame89

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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.

Die_empty

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Give all before death

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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Graphic & Motion Designer

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.

Marvelockg

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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.

Spaceman1000$

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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

Innovation is the bedrock of modern society, be it in education, commence, technology etc. so whatever you are into, try and be innovative, because that will make you work smart and not hard.

Though one of the major ingredients of innovation is Education, once your highly educated and principled, whatever business you want to venture into Will be easy for you to navigate through, because you will be thinking outside the Box on new ideas on how to approach the Business, even when you find yourself among different contenders, you will still stand out.

WillyAp

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Looking for guilt best look first into a mirror

Just imagine non connected person comes up with an AI² and dies with it.
Or someone having an interstellar capable ramjet concept and his hillbilly country bank won't have it.

uche6215

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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

Topic: Innovative ness key to Business Growth - page 3. (Read 568 times)