Monday, September 15, 2014

Action plan to create Innovative culture


* Look at several alternatives, a hundred futures, before deciding on the best one for the moment. Remember the market place will be the best place for complete refinement of your product. * Start small. Keep over heads low. Be lean and learn. Don’t spend money on swanky offices, first- class travel, hotels and the Mercedes Benz. * Pursue areas with high entry level barriers, which competitors avoid like the plague. Test market in a small way. Experience the results; look into the customer’s eyes. Don’t just keep talking and making presentations. Review, tweak and go back to the market. Course correct, move. Don’t get stuck in analysis paralysis. There is no guarantee of success. * Nothing is an instant success. Every successful product is the result of a hundred corrections in response to customer reactions, changing aspirations. There is no time, when you can rest on your laurels because you are so perfect. * Let your solutions be bold, what no one has done before. Don’t take shelter in incrementalism.

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