INNOVATION: HOW IS IT APPROACHED AND DOES YOUR COMPANY EMBRACE IT?
I explored innovation and what it is in my recent post “Innovation: Why is it misunderstood and feared by organisations?” and defined innovation as any “activity which adds value”. If you missed my other post, the definition of innovation is derived from the term innovate, meaning “make change in something established, especially by […]Continue reading
Innovation: Why is it misunderstood and feared by organisations?
Innovation, derived from Innovate, meaning “make change in something established, especially by introducing new methods, ideas, or products” (Ref: Oxford Dictionary) AG Lafley describes innovation at Proctor & Gamble (P&G) in the following way “So for us innovation is the brand in addition to the product. It’s the design of […]Continue reading
Why do organisations strive for Mediocrity instead of Excellence?
Mediocrity: derived from Mediocre, meaning “of only ordinary or moderate quality; neither good nor bad; barely adequate” (Ref:Dictionary.com) Excellence: derived from Excel, meaning “to surpass others or be superior in some respect or area; do extremely well” (Ref: Dictionary.com) Based on definition alone, it is inconceivable why any business leader would settle for mediocrity over […]Continue reading
It’s not the X-Factor, it’s the Success Factor.
Success is defined as "the accomplishment of an aim or purpose" (oxforddictionaries.com) but how can this be achieved buy an individual, a team or a company. What are the typical challenges that will be faced in order to taste success? I believe the following four factors are key (but not limited to) to achieving success […]Continue reading
The Strategic Plan: Part 2 – What is required to successfully execute it?
Following on from The Strategic Plan: Part 1 – A Holistic View, according to the American Management Association, one of the most challenging issues that CEO’s are concerned about is strategy execution. “it is estimated that more than 60% of strategies are not successfully implemented” (Conference Board Survey of CEOs, Conference Board, 2008)Strategy execution is […]Continue reading
Thought of the day: #Continuous #Improvement and #Innovation
Continuous Improvement and Innovation are key elements within a business to keep it relevant and successful.This is an extension of Albert Einsteins quote: “Life is like riding a bicycle. To keep your balance, you must keep moving” This is a very relevant parallel for business:In business, as soon as you believe you have worked out the […]Continue reading
Though of the day: “When you’re prepared, you’re more confident.When you have a strategy, you’re more comfortable”
What do you think?Andrew BaldacchinoANBA Pty Ltdwww.anbasolutions.comLinkedInContinue reading
Innovation: 5 approaches the 2014 BRW Australian top 50 Innovative Companies used.
Business can not survive and expect to have long term sustainability and success without innovation of some form. Many people link innovation to a product, but it is much more than that. True innovation can touch every part of your business including product development, finance systems, production, supply chain, packaging, logistics, marketing and communication, quality […]Continue reading
The Strategic Plan: Part 1 – A Holistic View
(2) There is information everywhere about the importance of developing a business strategy, whether it be in books or in online articles. It goes without saying, the strategy or plan gives direction and purpose within the business. While strategy is crucial for a business, is not the be all and end all of what the […]Continue reading
Micromanagement: the legacy it leaves behind
I have been fortunate during my career not to have worked for a micromanager (aka control freak), but I have seen the effects of what micromanagement does to individuals, teams and the wider business, and it is not positive. I have seen the aftermath (in terms of the damage within the business) of micromanagement and will […]Continue reading