As new products are continually emerging in the marketplace, businesses are starting to shed many of their older, more cumbersome processes and procedures, focusing instead on lightweight product exploration and development. Rather than attempting to focus test existing products, customer-led innovation
The modern business world is an infinite jungle of data. Navigating this tangled landscape requires focus on meaningful information and skills to transform it into actionable insight. The emergence of new data types occasionally proves a distraction so it is important to recognize that tried and true measures are often the best course…
No matter how well researched and well written your strategic plan, it can fail in the implementation stage. It doesn’t matter how much executive or overall employee input went into it if you don’t act in a way that integrates the strategies into day-to-day company activity and culture.
Starr & Associates Management Consulting
You may have heard buzz that artificial intelligence will change the way organizational leadership works. Perhaps you’ve seen it replace workers on the line or automate data analysis. Perhaps you’re a little threatened or intimidated by the thought that it could replace you as a leader. Don’t be. AI will help you, but it won’t replace you. No machine can replace the human qualities of leadership, the soft traits that make us each human beings.
You can create an environment that houses an innovative culture, and it doesn’t require millions to invest or specialized staff. You can do it by restructuring the way you think, your processes, procedures and your company culture. You don’t need ping-pong or pool tables or a coffee bar in your office. You do need some sensible tips that allow you to integrate the possibility of innovation into your everyday workplace easily. That allows innovation to foster, not just in your research and development department, but in every department. As an executive, your job as an innovation leader begins when you listen, collaborate and empower.
A few simple facts about blockchain tell the story of why 88 percent of healthcare providers consider it a viable solution. Some have already begun using the technology. Its decentralized nature protects patient data better while still being able to open records to all who need access. Here’s what it offers in relationship to medical records, prescription disbursement, drug traceability and patient billing.
The new disruptor, blockchain provides applications to virtually every industry. Dive in to learn about blockchain and how it can help your business.
Financial industries and the global economy have experienced an array of ups and downs in the past decade. With some countries losing stability and others building themselves back up, it can quickly become unsettling guessing where the market may be at any given time. With the advent of blockchain and various coins (Bitcoin, Litecoin, and Dogecoin to name a few), the name of the game is changing along with the way we view currency and its overall value.
The rise of social media has drastically shifted the way brands and entrepreneurs interact with loyal followers and consumers. Companies are no longer limited to outdated methods of communication, and instead, have adapted to social media to enhance customer relations while building better reputations for themselves. Understanding how customer-led innovation in the social media age has changed the way business is being conducted is key to finding success in any market or industry today.
Nearly every company goes through some organizational growing pains. One common development, departmental silos, occurs at some point. Successful companies break down a silo, a department that protects its information, keeping it from other departments. Silos cause growth breakdowns, so continued growth requires their eradication.