New Ideas Have A Value

Make innovation work for your company

INNOVATION
The use of a new idea to create value or improve results.

Innovation is an important activity for any business because it has so many potential benefits for the organization.  Not to mention new revenues, lower costs and long term value.  The range of benefits stretches from productivity improvements that impact the company internally to product / service changes that impact customers to radically new ideas that revolutionize markets.

Innovation can have the best results if it is approached in a HOLISTIC manner.  There are many elements which can be addressed so that innovation is encouraged, developed and rewarded.  Building a solid and sustainable foundation for innovation provides long term value for a company owner.
An 8 Pillar System can easily be utilized.

A business owner is looking for ideas that can improve and change his / her business for the better.  These ideas can be generated internally from employees or be found externally through contact with customers, suppliers and partners.  The ideas that have value will be ones that reinforce the business activity and the business strategy.

Productivity improvements can be generated through the use of an Ideas Program which can be a simple and effective way to get employees engaged.  Product and service changes as well as the development of breakthrough ideas can be a little more complicated but a business owner can use a Stage / Gate Process to control and direct these efforts.

Innovation can provide long term value for a business and its owner.  Any size business can use the basics of innovation to create value and results.  An innovative company needs time to develop but it’s a worthwhile endeavour to start now.
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