profitability

Why Running After Perfection can Kill Your Projects

Running after perfection can hinder your project’s success, despite your best intentions and efforts. Generally speaking, your project scope must align with its time and budget - a rule that doesn’t play well with the pursuit of perfection from start to finish. In this article, we’ll look at why perfection shouldn’t be your ultimate goal - but how to still satisfy your inner perfectionist as a project manager.

Open Innovation Also Means Engaging the Inside

An article on the Financial Post website triggered me to write this article. A lot is being written about open innovation and much of them focus on, as the article says “spurring innovation by bringing the outside in”. Why should you engage your employees? They are the beginning of the equation that results in profitability and happy shareholders. Michael Porter said that employees are the major source for a company to increase competence and profits. Take care of your employees, they will take care of your customers and your profits. Open innovation can be the ‘mechanism’ to do so.

Innovation and Customer Insight at Ericsson

A desire to act as a bridge builder between technology and people has taken him from Sweden to New Delhi where he now heads Ericsson ConsumerLab Asia Pacific, a unit within the Ericsson Group that gathers in, processes and analyses data on end consumer needs. Their surveys are based on a cross section of the world’s population in all parts of the world.

Why Business Model Innovation Matters

Managers frequently rely on innovation to drive profitable growth. In many industries new products and services are fundamental. However, although product and service innovations are and have been important to firms for decades, competitive pressures and the search for increased profit have pushed business model innovation higher on the priority list.