How would you promote innovation?

As a business owner or as a member of the management team, how would you encourage innovation in your organization?
If you are a part of a large organization, are you happy with the current processes in place? Do they encourage or hamper innovation?
What do you think?

On decision making

Characteristics of a good decision making process:

Understand if there is a problem in the first place. A problem occurs current results are misaligned with objectives; or if there is any deviation from the plan.
Define the problem. If you can’t define the problem, then you have very little understanding of the problem in the first place. […]

Top 3 things to look for when hiring

I finished Business life lesson: Business is a team sport with the following words:
“In today’s fast paced business world, no one can do everything. Similarly business owners need good people. Each and every individual has a part to play in building your small business. If this isn’t a team effort, I do not know what […]

Business life lesson - Don’t let anyone steal your dream

Dave Prouhet at Business Advice Daily tagged me for My Business Life Lessons. This is going to be a ten part series. When I started this, I didn’t realize it will take this long for me to finish this meme. But developments in the off-line world caused a delay. I should be able to complete […]

Business life lesson - Business is a team sport

Business is a team sport. Or is it? Or at least that’s what I thought – until I got a wakeup call. I take up an assignment at an organization with the sole motive of making a profit. However, I always keep in mind the client is the reason my organization is in existence. Isn’t it logical that if my client is making money my organization makes money and I, in turn, will make money? I realize that I can only profit if my organization profits. And I will do whatever it takes to ensure the organization profits. That is my motivation. I am not saying you give up your ambition or your goals for the good of the company. No – I do not preach altruism. But I do encourage symbiosis. You will best serve the company if your profit goals are aligned with those of the company. In today’s fast paced business world, no one can do everything. - Small business consulting in Halifax Nova Scotia Canada

Business life lesson - Just do it

Have fun and work smart. Money will follow. When it’s not fun, move on. Take risks but do not gamble. I am having fun at what I do – helping small businesses run their business. Money has never stopped me from helping any small business. But I find that it follows. So do not make the money the end goal. The end goal is what you are passionate about. Just do it. Your passion will take you places and money will follow. - Small business consultants in Halifax NS Canada

Business life lesson: You are your attitude

Attitude is more important than skills, talent, experience, education or intelligence. Attitude determines your perception – towards yourself and towards others. Attitude determines if your business succeeds or fails – and that’s applicable to your life too. - Business analysis and consulting in Halifax Nova Scotia

Business life lesson – relationships drive businesses

Relationships drive your business. Nurture them and your business has a fighting chance. The key to your long-term success is your ability to connect with other people. Your small business may not have the financial muscle to have a large marketing campaign. Did you realize your clients, your suppliers, vendors and financers are your network too? Business consulting in Halifax Nova Scotia Canada

Business life lesson - conflict resolution

Conflicts are an inevitable part of any relationship – be it with your colleagues at work, spouse or children at home or with friends. However, the outcome of conflicts depends on how you deal with them. - Small business consultants in Halifax Nova Scotia Canada

Who is the small business CEO answerable to?

We all know the routine in large publicly held organizations. The board helps in the recruitment of a CEO. This individual is answerable to the board and the shareholders of the company. Profit maximization is the goal