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Articles on Business Innovation

5 ways how non-tech companies can leverage on start-ups for innovation, growth, and talent

This article is specifically for business owners of non-tech companies. Start-ups are commonly perceived as young companies that build and sell new gadgets and other cool technological products, where they are often seen as operating in its own world (tech industry) and irrelevant to the non-tech companies. This is a big misconception, and if you understand that innovation is not only for tech companies, then what I am going to share here can probably inspire you on how you can work with start-ups for accelerating your company’s innovation, growth, and talent acquisition. Otherwise, I suggest you to read this article first, “Seven myths and realities of innovation.” (Just to be honest and give you a fair perspective, there are some uncreative organizations survive and even do well.)

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Contact Management vs. Relationship Management

“I hate managing contacts, but I absolutely love meeting new people and establishing relationships.” That’s the phrase that hit me to write this when I come across this article Evernote Contact Manager written by Adam Boettiger. He articulated in a very systematic manner the differences between contact management and relationship management that I found many people often misunderstood them. I won’t be repeating the specific solution that Adam wrote in his article. (As you can click on the given link and read further.) What I wish to recap here are some of the excellent points that Adam mentioned in keeping contact management and relationship management as a separate process. This is something that business owners should understand well if they believe that relationship management really matters in their business, i.e. you recognize the long term value of customer and not just boosting sales by concentrating on single transactions. (If you believe in the latter, you can save your time from reading further, and Google for articles on “transactional marketing.”)

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Choosing eCommerce platform for your online store

Happy 2013 everyone! This is my first article for the new year. If one of your goals for the new year is to build an online presence for your business, this is an article might come at the right timing. (Still haven’t planned what to do for your business in the new year? Take our Innovation Scorecard Test if you have an existing business; Or Startup Checklist Test if you are starting up a new business.) Good news is there are abundant of solutions available to you in launching your online store today. Just to name a few, they are webShaper, Shopify, Magento, PrestaShop, and many more. Although the widespread of choices is hardly a bad thing, but many business owners are swamped with options. They aren’t sure about “the best” solution for their business.

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How to embrace innovation

This is a continuation of my previous article Why We Don’t Innovate. This was excerpted and summarized from the original article Why You’re Blind To Innovation, where the author shared his experience after 25 years of working with the world’s leading companies on successful innovation, which included spearheading an innovation best practices study with first-ever findings. These are the tips facilitate the innovation process:

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Why we don’t innovate

This is an interesting article excerpted and summarized from Why You’re Blind To Innovation, “Top people at leading companies often fail to respond to new innovation even as it threatens their very existence. There’s the U.S. auto industry’s lack of response to the onslaught of Japanese cars in the ’80s, or IBMs failure to shift from mainframes to PCs, an oversight that nearly sent them into bankruptcy in the late ’90s.”

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How technology enables business model innovation

I am a strong advocate of using technology (IT to be specific) as an enabler to business model innovation. It’s important to understand that innovation is not limited to technological innovations by high-tech companies, but also includes marketing innovation, management innovation, process innovation, and product innovation. To put it simply, regardless of what business or industry you are in, if you are trying out different way of doing things in your business and not following the conventional wisdom, then you are innovating your business model.

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利用 iPad 電子書,行銷商品無國界

iBooks Author 製作的電子書,除了有豐富的動畫,影片,照片文字等素材可以在 iPad 電子書平台展現。2012年4月26日,跟台灣的網絡行銷及故事行銷大師劉奶爸一起合作開課,傳授利用電子書的網絡行銷技巧與策略。

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4 simple tips when considering technology for business model innovation

Technology can play a key role in business model innovation, though most people still find it a black art when comes to the proper process of using technology to innovate their business model. Some people use whatever that their peers or competitors are using, which is a bit illogical if you believe your business model is unique (or should be unique) even you are in the same industry as them. Some just evaluate on the features, but they overlook how well the features are sewed together to match the business process they envisioned. What I shared below are short and concise tips that I distill out based on my experience in various projects. I hope that will serve as effective guidelines for you when considering technology in your projects.

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Even grocery store can be innovative

Coop ItaliaI came across this interview that was done by McKinsey with Coop Centrale CEO, Massimo Bongiovanni, as he explained IT’s role in the future of retailing. Cooperative Consumers Coop, better known as Coop, was Italy’s first retailer to embrace hypermarkets, in the 1980s, and then began opening even bigger superstore venues while expanding its offerings to include insurance and banking services, electricity, and prescription drugs. Throughout this expansion, Coop sought innovative ways to support its strategy with technology. The original interview can be found at Mckinsey Quarterly website.

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Business technology: Is it your secret weapon or baggage?

Doing business in today’s rapid change and globalized environment, we no longer can just depend on ordinary business principles. We need to constantly innovate to change the way we do business or face rivals who do so to offer superior value to their customers. Technology is an enabler for business innovation, and it’s probably the most accessible strategy to innovate the way how your business works. It’s a common myth that only large corporations and businesses that sell technologies need to innovate. In fact, in today’s marketplace, whether you are selling printers or flowers, you need to leverage on technology for honing your competitive edge, even more so for small businesses. But the question is: What technology is applicable to you? Which one is the best? Will they create more work and headaches for me?

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