Category Archives for "Month: June 2018"

Creating an Environment for Innovation – Part Two: Internal Communication

Internal communication is a key component of innovation The innovation process will be better when everyone understands the company goals and objectives.  Additionally, internal communication based on openness and trust helps to set this atmosphere. Internal communication, however, is a weakness in many companies For example, a recent article profiled a well-known company. In the […]

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Creating an Environment for Innovation – Part one: Creative Atmosphere

A creative atmosphere fosters innovation. This is a cultural matter you must encourage and nurture, but it is not as simple as flipping a switch. One must set an environment that encourages people to think in unusual and creative ways. This is not easy to accomplish when much of business is, by definition, so structured […]

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Strategic Management – Step Three: Monitoring the Process

Monitoring the Process If you don’t know where you are going, you’ll probably wind up somewhere else.  Even with a clear implementation plan it’s possible to lose track of whether you are accomplishing your goal. For example, imagine the challenge faced by the engineers of the American transcontinental railroad. The strategic vision was that coast to […]

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Technology Assessment – An Important Part of Strategic Planning

In developing our strategic plan, we spend significant time analyzing our market segments and our competition. There are other important factors which can affect our strategies, even our ability to continue in business as usual. Most organizations will have most or all of these factors.  However, there will be some which are not present or […]

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