Retailers all over the United States are filing for bankruptcy at unprecedented levels. This is, in part, due to the ways the global economy has evolved. Now, more than ever, retailers are turning to the internet for sales, and consumer habits have adapted. Bankruptcy is an alarming and confusing process whether you’re a CEO of a large corporation or an individual who is worried about the implications it might have on your credit score.
In-house innovation programs continue to proliferate and our concept of the innovator has evolved alongside them. Now we no longer think of a creative genius sitting alone in their tower coming up with creative ideas. Now, innovators can play a number of different roles within an innovation program beyond idea author. A lot of interest and attention is being paid to this concept, because organizations that are looking to sponsor and train innovation skills at their organization need to understand what skills matter most when it comes to creating meaningful change. After all, it’s an important part of professional development nowadays. Every employee at any organization needs to be able to keep up with the rapid pace of change. So here are a few of the roles that innovators play at large organizations.
If you are an HR expert, think of how secure your job would be if you were dealing with fully-satisfied employees. If your team members love and enjoy their posts, you will love yours as well. As stubborn as some employees can be, most of them would like it if you appreciate their efforts regularly. A happy employee will be productive and efficient, no question about that.
Female empowerment has been a hot topic in the business community over the years. Female entrepreneurship is rising steadily, and conversations will steer toward this theme increasingly as women entrepreneurs expand their influence in the marketplace.
Making your company operate more efficiently can improve your bottom line, while also making it easier to run and to manage. Fortunately, there are a lot of simple things you can do to boost efficiency. It's a good idea to frequently take a critical look at your processes to analyze how they can be made more efficient. Then, you can take advantage of new techniques and technologies that will easily and conveniently boost your efficiency.
Technology is a double-edged sword. On the brighter side, we have ever-changing and improving features because of the rapid evolution of technology. On the other hand, this very pace of technology and the rate at which it is getting updated can cause both developers and users to be left out and outdated if they do not keep up.
While there's a great deal of speculation concerning the potential impact of Brexit, there's very little clarity about how leaving the EU will influence specific firms and marketplaces.
The researchers and engineers of the 21st century have produced marvels such as personalized hover boards, self-driving cars and, of course, the societally pervasive smartphone. While the devices are commonplace now, just a decade and a half ago they were unfathomable.
If you’re working with an innovation management platform, then you know the importance of building a community. The success of these programs is intrinsically linked to the spirit and engagement of your community: how much they participate, how they’re participating, why they’re participating.
In his book, “Messy,” economist Tim Harford argues cogently that we are wrong to strive for order and tidiness because openness, adaptability and creativity are inherently messy. We should appreciate the benefits of untidiness.
Technology has not only improved our ability to process information and use it to our advantage, but it is now possible to merge our minds to it. This process has already started.
Creativity and societal problems have not always been closely associated. In the national dialogue, fixing these problems involves a series of concrete steps—steps designed to create concrete processes and repeatable outcomes.
In 2010, the Gillette brand, which is owned by Proctor and Gamble, held 70% of the U.S. market for razors. It boasted continuous innovation in product design, and enjoyed a gross margin of around 60%. Its market share has now slid to around 50%. It has suffered at the hands of two start-up companies, which went direct to consumer (DTC). They are Harry’s and Dollar Shave Club.
Did you know that you’re multitasking at least several times a day? That’s right! It’s enough if you cook, listen to music, and check your Facebook at the same time. Fortunately, it’s not fatal.
Are your employees underperforming? This happens even to star employees when they don’t feel motivated to do their job anymore. Luckily, great managers can drive employee engagement by reconnecting with their workers. To boost engagement, you must find out what drives the people to do their best job every day.
