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The Need for Venture
Strategies and Fast Growth
"You will either
step forward into growth or you step back into safety." ~ Abraham Maslow
In the
→
new economy driven by
→
innovation, many
companies are growing. "Problem is, they aren't growing fast enough to keep
up with today's shareholder values, nor tomorrow's shareholder
expectations."1
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Blue Ocean
vs. Red Ocean Strategy
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Value Innovation:
Yin-Yang Strategies
Incremental improvements in the existing
business is not enough in
today's rapidly changing business environment. In addition to
→
improving
current operations, you must spend time looking for entirely new ways to
meet
customer needs as well as
create new customers. You
should select and implement
different and better ways of meeting your
corporate goals. In addition to running today's business, you should be
starting
bold, new initiatives. Some of these
high-risk-high-return ventures may
fail and some may succeed and add to your top-line growth.
Above all, you
must
encourage,
→
energize
and
→
empower
your employees and colleagues to take a
creative and entrepreneurial approach to
discover and
exploit new opportunities.
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Creative Dissatisfaction
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Entrepreneurial Creativity:
Yin and Yang
Radical Project
Management (RPM)
As
radical
innovation
projects are characterized by higher levels of uncertainties – technical,
market, and organizational, – patterns of their journey to the
marketplace are
unlike those in incremental innovation projects...
More
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10 Commandments
of Innovation
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The Jazz of Innovation:
11 Practice Tips
Synergize Incremental and Radical Innovations
Strike a
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synergistic
→
balance
in your
innovation portfolio between the immediate and the future to achieve
bottom-line results and top-line growth...
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Synergistic
Diversification
The fundamental role of
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synergistic diversification is for
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business architects to create value for stockholders
in ways stockholders cannot do better for themselves. The
additional value is created through
synergistic integration of a new business
into the existing one thereby increasing its
→
competitive advantage...
More
Fast To Market
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7 Routes To
High Profits
Being first in any category is going to give you the edge –
being the
leader comes from
being
first. Once you are the leader, a position
mostly gained by being first, it is pretty hard for
competitors to dislodge you, as long as you keep your products up to
date and of comparable
quality...
More
Create Your Market Niche
To
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compete with other businesses nowadays you
need something unique that nobody else can copy. You must create a niche for
your business. A niche is something that makes your business
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different from
your competitors and
positions is prominently....
More
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