Moving Forward With Technological Innovation

Innovation can happen in any part of the business value chain -in the business model, logistics, manufacturing, sales and distribution channel and customer service. If undertaken at the segment where a company has core expertise, innovation can catapult the company from obscurity to success. Innovation in the business model has led a revolution in the … Read moreMoving Forward With Technological Innovation

It’s Not All Doom And Gloom

Constructive thinking is about overcoming the odds, it is about surviving, or even thriving, in adverse conditions. The key premise of constructive thinking revolves around finding creative and innovative solutions to overcome difficulties. The innovator uses various thinking tools that collectively, serve as a methodology for sparking new ideas. So far, we have examined four … Read moreIt’s Not All Doom And Gloom

Innovation-led R & D The Key For SMIs

As mentioned in the last article, the surest and fastest way to ruin, for Malaysian SMIs, is by engaging in R&D focussed on creating revolutionary products that break new scientific or technological grounds. As pointed out, SMIs do not have the resources and staying power required in the invention game. Innovation however, is a different … Read moreInnovation-led R & D The Key For SMIs

Don’t Listen To Your Customers

When competitors force their backs against the wall, companies innovate to survive. They innovate to meet the needs and demands of their customers. Every management book clearly states that success is dependent on understanding the trends and directions of landscape – the market, the customers and the competitors. You will fail if you don’ know … Read moreDon’t Listen To Your Customers

Consequences And Implications

I frequently come across entrepreneurs who have developed equivalent versions of globally-popular software (usually a Microsoft product) and want to compete on price. The prevailing sentiment is that if the entrepreneur sells his software at a lower price, customers are likely to swing the sale towards his cheaper option. These entrepreneurs get stumped when asked … Read moreConsequences And Implications