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How to Keep Innovation Alive When Sales Are Down

Whether it’s a bad quarter, your market or demographic is rapidly shrinking, or we are in the midst of a recession—you may be tempted to halt your innovation program. However, innovation is precisely what you need when your sales decline.

The Fine Line Between Innovating and Overextending

While grinding it out is required at times, it’s not sustainable. At some point, product and service quality will decline. This is often due to the ripple effects of overextending, which include burnout and poor decision-making. That said, there is

Leveraging Reverse Innovation to Take Your Organization Global

Outshining the competition and generating disruptive ideation are worthy objectives, but they shouldn’t be your only objectives. If you plan to take your products global or expand your global reach, reverse innovation must be a priority. By meeting the needs

Leveraging Middle Managers to Drive Innovation

If you are looking to take your ideation to the next level, it’s time to strategically empower your middle management team. This isn’t only because they are the ones implementing your innovation initiatives, but because they are closer to your

Innovative Ways to Optimize Employee Retention in 2023

The Great Resignation is still going strong. In 2021, 47.8 million Americans resigned from their jobs. As of August 2022, the pace had not slowed. With the economic downturn, resignation rates slowed in September, October, and November of 2022. However,

8 Misconceptions about Minimum Viable Products

One thing consistently successful innovation programs do, is test their concept during the development process. Whether physical or intangible, it’s rare that a final product is precisely what you initially envisioned. During the development process, your product is likely

When Not to Innovate

While many of your products and services will need to evolve, not every wheel needs to be reinvented. Or, not at the present moment. In your effort to maintain your competitive edge, you and your team are sure to be

How to Build and Maintain a Strong Company Culture

Company culture is more than just a mission, vision, and value statement. It's a set of shared values, beliefs, and expectations that serve as guiding principles for everyone in an organization. Culture is the glue that holds the company together

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