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Innovation and Creativity: Give Value and Solutions

Innovation and Creativity: Give Value and Solutions
Innovation and Creativity: Give Value and Solutions

 

Creativity is what sets you apart from your competitors. Competition may kill your business, but if you are creative enough you won’t ever have to fear competition. Fortunes are often born in creative minds. A simple idea can turn into a never-ending stream of cash. If you innovate, there are no limits or boundaries for you. The sky is the limit.

So, it can be said that one of the most important factors a company may have is the ability to come up with fresh ideas, new concepts, sophisticated marketing techniques. People like new things. Everyone wants to create something new. People struggle to be different in today’s marketplace.

If you do simple research you will find out that creativity is one of the things that make people rich. Often, the more you create the more money you make. This requires effort and dedication. To see the opportunity where no one else sees it.

You simply have to define a problem and find a solution. Then capitalize on that solution. Problems are everywhere and the bigger the problem that you find the solution to, the bigger the chance you will make a lot of money from your idea.

You can create anything. It can be an invention, an e-book with information, art, a scientific breakthrough, etc. Just find a need and try to fill it. I guess you have heard that many times already, but it is true. The easiest way to make money is to help other people make money or help them solve their problems and receive some compensation from your efforts.

Isn’t that what capitalism is all about? To allow people to become rich by enriching other people’s lives? You don’t need to chase money nor go after wealth. When you add value to the life of others you usually receive compensation for it. The best way to add value is to come up with a creative solution that no one thought about before.

This is not always easy. Sometimes the ideas will come fast and smoothly. Other times you will have to think hard about the solution. Keep in mind that the harder the problem and the better the solution, the more money you can make from it.

At the end making money may not be that hard for you. Once you get used to it you can do it often. The business of innovation has always been one of the most profitable businesses you can participate in. Creativity is something that comes from the inside. It originates within your mind.

This is certainly one of the most important factors that an entrepreneur should take into consideration. It can make a huge difference in your businesses. Remember that there is no limit to what you can create. So, you can make a lot of money by just adding value to the life of others and finding solutions to complex problems that you can find everywhere.

The decision is yours. Most people work hard all their lives because they try to imitate what others do all the time. Work on those creative skills and improve them. You will be glad you did.

It doesn’t take a genius to create something new. You don’t have to be too smart. Sometimes the ideas originate from your intentions or they just come to you. Probably you already have thoughts about how to improve something or create something new that does not exist yet. You just have to polish that idea and give it a try.

Tips to Success

1) Be on time. Arrive early for appointments and meetings. Plan time milestones in your daily schedule that tell you when to begin transferring to an appointment. That is, note when you will stop working on a task, begin collecting resource materials, and start traveling. Allow time for delays in travel, especially if driving. Consider: The fastest way to destroy peoples trust in you is to waste their time.

2) Communicate with others. Answer your phone and return phone calls. Listen carefully and completely when people talk to you. Show an interest in others before telling about yourself. When making phone calls devote all of your attention to what the other person is saying (instead of time sharing with other tasks, such as checking e-mail or playing computer games). Phone others only when you can devote full attention to what the other person is saying. Consider: ignoring people is rude and unprofessional.

3) Plan projects. For example, always prepare an agenda for meetings. Contact key participants before the meeting to hear their views, solicit suggestions for agenda items, and coach them on how to prepare for the meeting. Send agendas far enough before the meeting so that people have time to prepare. Consider: Bad meetings demonstrate an inability to provide leadership.

4) Be courteous. Find the good in everyone. Compliment others. Avoid starting or listening to gossip. Never ridicule, insult, or make fun of other people. Use positive words, always speaking about what you want and how you want things to be. Avoid suggesting motives or assigning judgments for other peoples actions and views. Consider Discourtesy damages all relationships.

5) Help others. Be a mentor for newcomers. Share ideas. Teach people skills that will help them excel. Work with a spirit of abundance. Seek win/win results. Let others speak first, even on issues where you are an expert. Give first without attaching a receipt for return favors. Consider: Selfish people end up working harder.

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Thinking Outside The Box: Why You Need Innovation to Grow Your Business

Thinking Outside The Box: Why You Need Innovation to Grow Your Business
Thinking Outside The Box: Why You Need Innovation to Grow Your Business

 

When innovators talk about thinking outside the box, they mean coming up with creative ways to solve problems – new ways to look at things. How do they do it? How can you do it too? We first have to ask what the “box” is. Then we can look at how to get outside of it.

The “box” is the normal way of doing things and looking at things. It is the assumptions that almost everyone involved is making. The best way to start thinking out of the box then is to identify and challenge all the assumptions that makeup thinking inside the box.

One of the major liquor brands was faltering years ago, and they couldn’t seem to boost their sales. Promotions, lowering the price, getting better shelf placement – these were the “in the box” solutions. Then someone challenged the assumptions, by asking “What if we stopped the promotions and just raised the price?”

The price was raised as an experiment, and sales soon doubled. As it turns out, some types of liquor are bought quite often as gifts. Buyers don’t want to buy the most expensive one, but they also don’t want to seem cheap, so they won’t buy products that don’t cost enough. Now imagine what happens to your profit margins when you raise the price and double the sales. That’s the power of thinking outside of the box.

Ways To Get Outside The Box

Challenging assumptions is a powerful creative problem-solving technique. The difficult part is to identify the assumptions. If you are designing a new motorcycle, write down assumptions like “speed matters,” “it has to run on gas” and “it needs two wheels,” not because you expect to prove these wrong, but because challenging these can lead to creative possibilities. Maybe the time has come for an electric three-wheeled motorcycle.

Another way to get to creative solutions is to “assume the absurd.” This is either fun or annoying, depending on how open-minded you can be. All you do is start making absurd assumptions, then finding ways to make sense of them. The easiest way to do it is by asking “what if.”

What if a carpet cleaning business was better off with half as many customers? It seems absurd but works with it. Hmm…less stressful, perhaps. More profitable if each customer was worth three times as much. Is this possible? Commercial jobs that involve large easy-to-clean spaces (theaters, offices, convention halls) make more money in a day than houses, with fewer headaches. Focusing on getting those accounts could be the most profitable way to go – not so absurd.

Another way to more innovative ideas is to do your thinking out of the box. Get out of the house or the office. Look around at how others are doing things.

Innovation: How to Grow Your Business

If you’re running or managing a business and want it to be around for a long time, you need to spend a good part of your time innovating. That’s because, in a fast-moving world, where people expect things to get better and better, and cheaper and cheaper, innovation is your route to getting ahead of your competition.

Here are 7 ways to create and use innovation.

1. Create An Innovative Climate. Lund University in Sweden has defined three conditions needed for a climate of innovation. They are trust, dynamism, and humor.

2. Develop Washing-Up Creativity. According to the Roffey Park Management Institute, most flashes of inspiration come to people when they are away from work and not forcing their conscious brains to find solutions to their problems.

For some, ideas come while mowing the lawn or taking the dog for a walk or playing golf or waiting at a railway station. For Isaac Newton, it was an apple on the head while sitting in the garden. For Archimedes, it was in the bath. For others its, while doing the dishes; that’s why Roffey Park calls these flashes of insight: washing-up creativity.

3. Make New Connections. Making new connections between existing features of your product or service is a popular way to innovate. Akio Morita, chairman of Sony, said that he invented the Walkman because he wanted to listen to music while walking between shots on his golf course. His team simply put together two seemingly incompatible products: a tape recorder and a transistor radio.

4. Find Out What People Need. Necessity is a great spur to innovation. Take, for example, writing paper. The Chinese had already made paper from rags around the year 100 BC but because there was no need for it, nothing came of it.

When it did reach Europe in the Middle Ages when writing was all the rage, the supply of rags and worn-out fabric soon dried up. That’s when a French naturalist discovered that wasps made their nests by chewing wood into a mash that dried in thin layers. Within 100 years, all paper was made using the idea of wood pulp.

5. Test, Test, Test. Product testing is the way most inventors and organizations go about innovation. It may not be the quickest route to success, but it is often the surest. Jonas Salk, for example, discovered the polio vaccine by spending most of his time testing and testing and continually finding out what didn’t work.

Thomas Edison, the inventor of the filament light bulb, recorded 1300 experiments that were complete failures. But he was able to keep going because, as he said, he knew 1300 ways that it wasn’t going to work.

6. Adopt and Adapt. One relatively easy approach to innovation is to notice how others deal with problems and then adapt their solutions to your own. It’s known to adapt and adopt.

Its what watchmakers Swatch did when they realized that the more reliable their watches became, the fewer people needed to replace them. Their solution? Borrow an idea from the world of fashion and collections by turning their watches into desirable fashion accessories. Now people buy Swatch watches not just to tell the time but because it’s cool to do so.

7. Take Lessons From Nature. If you want to be inventive, you can’t beat nature. The world of nature gives us an endless supply of prototypes to use in our world. Take Velcro, for example. Velcro was patented by Georges de Mestral in 1950 after he returned from a hunting trip covered in tiny burrs that had attached themselves to his clothing by tiny overlapping hooks. De Mestral quickly realized that there was an ideal technique to fasten material together. A whole new way of doing things was suddenly invented.

The history of the world is the history of innovation. Thomas Kuhn called each acceptance of an innovation a paradigm shift. For once innovation becomes accepted, the world has changed forever and can never go back to the way it was.

Innovation and Marketing Solution

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