Be wrong with more confidence for greater success in business

If you are not prepared to be wrong, you will never come up with anything original. Mistakes and errors of judgment are key to success! Has your creative mindset been beaten out of you bye your own frustrations with creative process or by other people with various motivations? You’ve just found a place where you can revitalise your creativity and drive your business ideas forward for greater success in future.

Unlocking Originality: Embracing the Power of Being Wrong

Imagine the world without electricity, penicillin, or the Wright Brothers’ first flight. These groundbreaking innovations were born not from the pursuit of guaranteed success, but from the willingness to challenge established norms and embrace the possibility of being wrong. This seemingly counterintuitive approach forms the bedrock of originality, a vital force in art, science, business, and every facet of human endeavour.

However, ingrained fears of judgment, failure, and societal expectations often create a formidable barrier to embracing “wrongness.” This article delves into the profound connection between accepting the possibility of being wrong and unlocking our capacity for genuine originality.

We’ll explore the psychological and societal factors that fuel the fear of being wrong, illuminating its detrimental effects on creativity and innovation. We’ll then showcase the transformative power of embracing “wrongness” as fuel for growth, highlighting how mistakes can be stepping stones to remarkable breakthroughs. Finally, we’ll equip you with practical strategies to cultivate a growth mindset, fostering an environment where experimentation, open dialogue, and learning from failures are celebrated.

By the end of this journey, you’ll be armed with the knowledge and tools to dismantle the fear of being wrong, unlocking a world of creative possibilities and propelling yourself towards truly original contributions in your chosen field.

1. The Fear of Being Wrong: A Creativity Killer

Our aversion to being wrong is deeply ingrained. From childhood, we’re conditioned to avoid mistakes, fearing punishment and social disapproval. This fear stems from a complex interplay of psychological factors:

  • Fear of judgment: We dread the negative evaluations of others, the potential ridicule and ostracisation that might accompany being wrong. This fear, rooted in our need for social belonging, can stifle creative expression and risk-taking.
  • Fear of failure: Being wrong often equates to failure, a potent symbol of inadequacy and self-doubt. This fear can paralyse us, preventing us from venturing beyond the familiar and comfortable, even when it limits our potential.
  • Fear of the unknown: Stepping outside established norms often means venturing into uncharted territory, a realm fraught with uncertainty. This fear of the unknown can trap us in safe but stagnant routines, hindering the exploration necessary for originality.

Beyond individual psychology, societal pressures also contribute to the fear of being wrong. Educational systems often prioritise conformity and repetition over critical thinking and experimentation. Similarly, many workplaces reward adherence to established norms, discouraging the questioning of existing processes and the pursuit of unconventional solutions.

The consequences of these fears are far-reaching. In art, it can lead to derivative works, uninspired by the exploration of new ideas. In science, it can stifle groundbreaking discoveries born from challenging established paradigms. In business, it can limit innovation and hinder the development of solutions that truly address evolving needs.

2. Embracing “Wrongness”: The Seedbed of Originality

Embracing the possibility of being wrong isn’t about condoning recklessness or promoting ignorance. It’s about recognising the inherent value of mistakes as stepping stones in the learning process. This shift in perspective unlocks a powerful force for originality:

  • Fuel for growth: Mistakes provide invaluable feedback, highlighting areas for improvement and propelling us towards better solutions. This iterative process, where we learn from wrong turns and refine our approaches, is the lifeblood of innovation.
  • Gateway to exploration: The fear of being wrong often confines us to the familiar. By embracing the possibility of missteps, we open ourselves to exploring new avenues, experimenting with unconventional ideas, and venturing beyond the well-trodden paths.
  • Catalyst for breakthroughs: History is replete with examples of groundbreaking discoveries born from embracing “wrongness.” Alexander Fleming’s serendipitous discovery of penicillin, or the accidental invention of Post-it notes, are testaments to the power of unexpected outcomes leading to remarkable breakthroughs.

Beyond individual stories, organisations that foster a culture of open dialogue, experimentation, and learning from mistakes have reaped significant rewards. Google’s “20% time” policy, where employees are encouraged to dedicate time to personal projects, has led to the development of Gmail and other successful products. Similarly, Pixar’s “Braintrust” culture, where ideas are openly critiqued and refined, has contributed to the studio’s consistent production of critically acclaimed animated films.

3. Cultivating a Growth Mindset: Embracing the Journey

Cultivating a growth mindset, where mistakes are seen as opportunities for learning and growth, is key to unlocking the power of “wrongness.” Here are some strategies to embrace this shift:

  • Reframe mistakes: Instead of viewing mistakes as failures, view them as learning experiences. Ask yourself, “What can I learn from this?” and use this knowledge to improve your next attempt.
  • Practice self-compassion: Forgive yourself for mistakes. Remember, everyone makes them, and they are often stepping stones to success. Be kind to yourself and avoid dwelling on negativity.
  • Embrace risk-taking: Stepping outside your comfort zone is crucial for innovation. Don’t be afraid to experiment, even if it means encountering setbacks. Remember, the only true failure is not trying at all.
  • Seek feedback: Actively seek constructive feedback from others. This can be invaluable in identifying blind spots and refining your ideas. Be open to different perspectives and use them to improve your work.
  • Celebrate “wrongness”: Create a culture where mistakes are celebrated as learning opportunities. Encourage open dialogue and discussions about challenges, highlighting the valuable insights they bring.
  • Foster a growth mindset in others: Share your experiences and insights with others,encouraging them to embrace “wrongness” as a catalyst for personal and collective growth.

4. Caveats and Considerations

Embracing “wrongness” doesn’t imply a free pass for recklessness or the spread of misinformation. It’s crucial to approach this concept with responsibility and discernment:

  • Balance calculated risk with informed decision-making: While experimentation is encouraged, it’s important to have a basis for your actions. Conduct research, analyse data, and seek expert advice when necessary.
  • Responsible communication: Avoid misinformation and harmful ideas, even if they arise from experimentation. Be mindful of the potential consequences of your words and actions.
  • Critical thinking and discernment: Evaluate information critically, seeking evidence-based solutions and avoiding confirmation bias. Learn to separate valuable insights from mere speculation.

Conclusion

The fear of being wrong is a potent force, but it doesn’t have to dictate your journey. By embracing the possibility of error, you unlock a treasure trove of creativity and innovation. Remember, the most groundbreaking discoveries often arise from unexpected turns, from the willingness to challenge assumptions and venture beyond the familiar.

Embrace the power of “wrongness” as a catalyst for growth. Reframe mistakes as learning experiences, foster a culture of openness and experimentation, and equip yourself with the tools to navigate the journey with self-compassion and critical thinking. By doing so, you unlock your true potential for originality, leaving your unique mark on the world.

So, the next time you encounter a challenge or feel the fear of being wrong, remember this: It’s not a roadblock, but a stepping stone. Embrace the possibility of error, embark on the journey of exploration, and discover the hidden potential within yourself to create something truly original.

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Measuring Team Innovation

10 Steps To Innovating Your Business To Remain Resilient and Thrive Through Recession

Measuring Innovation in Your Team: A Comprehensive Guide

Innovation has become a key driver of success in today’s fast-paced and ever-evolving business landscape. As a team leader or manager, it is essential to measure and evaluate the level of innovation within your team. This article aims to provide you with a comprehensive guide on how to effectively measure innovation and foster a culture of creativity and continuous improvement within your team.

  1. Establish Clear Objectives and Key Performance Indicators (KPIs) Defining clear objectives is crucial to measuring innovation. Identify the specific goals you want to achieve through innovation and break them down into measurable KPIs. These KPIs could include the number of new ideas generated, the successful implementation of innovative solutions, or the impact of innovation on business outcomes.
  2. Foster an Innovation-Friendly Environment Creating a culture that encourages and supports innovation is essential. Provide your team with the necessary resources, such as time, tools, and training, to explore new ideas and experiment. Encourage risk-taking and embrace failure as a valuable learning opportunity. Foster collaboration and open communication to stimulate the exchange of ideas.
  3. Encourage Idea Generation and Brainstorming Actively promote idea generation sessions and brainstorming activities within your team. Encourage team members to share their thoughts, insights, and suggestions freely. Implement techniques such as mind mapping, design thinking, or hackathons to stimulate creativity and problem-solving.
  4. Measure Idea Conversion Rate Tracking the conversion rate of ideas generated into implemented innovations provides valuable insights into the effectiveness of your team’s innovation process. Monitor the progression of ideas through various stages, from concept development to implementation. Analyze the reasons behind successful conversions and learn from those that did not materialise.
  5. Assess the Quality and Impact of Innovations Evaluate the quality and impact of implemented innovations to measure the effectiveness of your team’s efforts. Consider factors such as customer satisfaction, revenue growth, cost savings, or process improvements. Use surveys, interviews, or data analysis to gather feedback from stakeholders and assess the impact of innovations on the organization.
  6. Embrace Continuous Learning and Improvement Encourage a mindset of continuous learning and improvement within your team. Provide opportunities for training and professional development to enhance individual and collective innovation skills. Regularly review and reflect on the innovation process, seeking areas for improvement and implementing necessary changes.
  7. Foster Collaboration and Cross-Functional Teams Collaboration is a key driver of innovation. Encourage cross-functional teams that bring together diverse perspectives, skills, and expertise. Facilitate knowledge sharing and create platforms for team members to collaborate on innovative projects. Measure the level of cross-functional collaboration and the resulting synergies.
  8. Utilise Technology and Digital Tools Leverage technology and digital tools to streamline the innovation process and capture relevant data. Use innovation management software or project management tools to track ideas, monitor progress, and analyse results. Analyze the data collected to identify patterns, trends, and areas for improvement.
  9. Recognise and Reward Innovation Recognise and reward team members who contribute to the innovation process. Celebrate achievements and acknowledge innovative ideas, successful implementations, or creative problem-solving. Create a reward system that reinforces a culture of innovation and motivates individuals to continue their innovative efforts.
  10. Seek External Benchmarks and Feedback Look beyond your team and seek external benchmarks and feedback. Engage with industry experts, attend conferences, or participate in innovation-related networks. Benchmark your team’s innovation efforts against industry standards and best practices. Gather feedback from customers, partners, or other stakeholders to gain external perspectives on the impact and value of your team’s innovations.Measuring innovation in your team is essential for fostering a culture of creativity, continuous improvement, and ultimately driving success. By establishing clear objectives and KPIs, creating an innovation-friendly environment, encouraging idea generation, and assessing the quality and impact of innovations, you can effectively measure and evaluate your team’s innovative capabilities. Embrace collaboration, utilize technology, recognise and reward innovation, and seek external benchmarks and feedback to further enhance your team’s innovation initiatives. Remember, innovation is a journey, and by continuously measuring, learning, and improving, your team can stay at the forefront of change and drive long-term success.

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Businesses must be able to benefit from change. We explore the importance of adapting to change in a business. What are the benefits of change in the workplace. Changes in business can be necessary due to external and internal business risk factors. Not all change has to be major. Small incremental changes, combined, can be more effective and beneficial to your business than giant leaps. Constant major changes can also be counterproductive.

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Today’s organisation’s must embrace change to survive and prosper. Ensure your business has a culture of looking at change as an opportunity to improve not something to fear or resist. Explain the importance of accepting change positively to your employees and customers.

  • Employees will develop new skills which will make them more valuable to you but also more valuable in the marketplace.
  • Employees will have new opportunities to be more creative in alignment with new business objectives so both can navigate choppy market conditions.
  • Employees will become more engaged with and committed to your business as their ideas will help grow the business and their role within the business.

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Embracing change means embracing failure. Not all changes will be successful. However if employees feel that their ideas and failure of ideas will be accepted without recrimination and even rewarded, you will find the gems in the rough that will boost your business development.

You need and plan and a process to filter the ideas. Your plan needs to engage all levels of your organisation not just the management team.

Embracing change will help your business find and develop new ideas and opportunities to grow faster. Change in business is inevitable so why not embrace it positively at all times to get the best out of it and mitigate anything bad about change. Embracing change is essential for the future success and growth of your business so adopting a culture and a habit of embracing change will supercharge your growth. Change will no longer threaten your survival in business.

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Much innovation is born out of necessity – for example during times of war. The COVID period maybe our time of war. It as certainly led to the worst economic period for several hundred years including from two world wars. What we can learn from Abandoned Engineering on Yesterday Channel is that our forefathers have invested incredible amounts of money and energy in ideas that failed for various different reasons. If you want your business to be resilience regardless of the economic environment you need to adopt the right risk management strategy to give your business the best chance of surviving in all economic weather. We may think we have been unlucky. However, all previous generations have had their challenges. Our challenge is to be innovative, creative and resilient no matter what is thrown at us.

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Make tomorrow today. Do not procrastinate another day. Transform your business tomorrow today. Things will be better in business tomorrow cause of what you did today and every day.

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There are better ways of working that can help alleviate and even solve the coronavirus pandemic. We can learn the better ways to make post coronavirus pandemic better.

We will not manage this crisis quicker by doing what we have always done. Neither will post crisis be better by going back to business as as normal.

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The financial crisis in 2008 is the most recent near systemic collapse due to poor senior management team business decisions. The senior management teams were very good at creating extra value for themselves which will have long term benefits but their customers and shareholders in the financial crisis of 2008 have lost big time and many have yet to recover lost business value.

The sad fact is that shareholders or rather their representatives pension and investment fund managers have accepted and fuelled the poor decision making of senior management teams by being part of the problem. They have misrepresented big business owners long terms interests by allow senior management teams to get away with bad business decision making that only interests the senior management teams not shareholders or customers.

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Senior management teams are not taking enterprise risk management methodology onboard. Too often they pay lip service to the principles and practices of enterprise risk management.

  • Poor risk management cultures continue to dominate
  • Poor compliance standards are being accepted and even encouraged
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Enterprise risk management practices and processes need to be improved to prevent future catastrophic systemic collapses in business.

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Governments and self regulating bodies need to drive business improvements with carrots and sticks. Personal accountability at board level is necessary before good enterprise risk management practices will be embedded. If business leaders cannot see the wood from the trees than they need to be forced to open their eyes.

Short term greed is prevalent within our corporate structures. If our oversight by governments and professional bodies do not pull their their fingers out then economic and social catastrophes lie ahead in the next decade.

There is more to business than short term profit maximisation. However too many business leaders do not hold to this view. Their greed will take us closer to the cliff edge if they are not forcefully stopped.

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Do our business leaders and politicians really understand corporate risks and how this will impact on society?

Do they care? Too often the answer must be no. So they must be made to care by other people in our capitalist society. Capitalism is the best system on which to base our future but it should not be left to greedy people to rape the good that comes from capitalism.

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Develop leaders in your business. Build your business intelligence for better business decision making. Become more proficient at enterprise risk management ERM. Improve your expertise and business competence. Finesse your risk management process. Understand your readiness to take more risks to achieve more in business. Be more savvy with your risk knowledge. Use latest risk management techniques.

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Leadership Disruption

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Find out how to lead your business to disrupt the marketplace. Discover how to react to disruption imposed on your business by other business leaders. Lead your business to faster growth. Protect your business from business disruptors.

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Be the best leader your can be in an age of business disruption. Rethink your business strategy with enterprise risk management principles and practices.

Whatever is driving risk whether it is geopolitical events financial crisis or other economic risk factors be in the driving seat for your business. Make business decisions with more confidence with BusinessRiskTV.

Learn how to survive and thrive with a more resilient business with BusinessRiskTV tips advice and support.

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How To Grow Your Business Online Presence and Grow Online Sales

Business marketing ideas and eCommerce solutions with BusinessRiskTV.com

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Our innovative internet marketing ideas can help grow your business faster online. No marketing experience is needed

Put your business products or services in front of new people already interested in your type of business offering.

Link into your existing online sales process direct from BusinessRiskTV or use our eCommerce solutions to increase your sales cash flow and profit.

Increase the sources of your revenue streams more sustainably. Grow your business faster with BusinessRiskTV.

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Maximising Your Business Growth: Insider Strategies and Tactics from Industry Leaders

Maximising your business growth tips: sharing insider strategies and tactics from industry leaders to help you take your business to the next level.

  1. Identify your target market.

Before you can start growing your business, you need to know who your target market is. This will help you tailor your products or services to meet the needs and wants of your ideal customer. To identify your target market, consider factors such as demographics, location, and interests.

  1. Set clear goals and objectives.

In order to grow your business, you need to have a clear direction and plan in place. This means setting specific, measurable, achievable, relevant, and time-bound (SMART) goals and objectives. Having clear goals and objectives will help you stay focused and motivated as you work towards growing your business.

  1. Invest in marketing and advertising.

Marketing and advertising are crucial to getting the word out about your business and attracting new customers. Consider investing in both traditional and digital marketing efforts, such as social media, email marketing, and content marketing.

  1. Focus on customer satisfaction.

Happy customers are key to driving business growth. Make sure to prioritise customer satisfaction by providing high-quality products or services, responding to customer inquiries and complaints, and continuously seeking ways to improve the customer experience.

  1. Diversify your revenue streams.

Diversifying your revenue streams can help protect your business from economic downturns and provide multiple sources of income. Consider offering new products or services, partnering with other businesses, or exploring alternative revenue streams such as licensing or franchising.

By following these insider strategies and tactics, you can take your business to new heights of growth and success. Remember to always keep your target market in mind, set clear goals and objectives, invest in marketing and advertising, focus on customer satisfaction, and diversify your revenue streams. 

How to grow your business

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Managing Uncertainty Better

Understand your business risks to manage your key business risks better with BusinessRiskTV

How do leaders manage uncertainty in business better

Managing uncertainty is a daily business dilemma. Business leaders have internal and external risk factors driving uncertainty in business. Often this uncertainty can lead to poorer business performance or even catastrophic business failure.

We are developing a business risk management hub to help inform your leadership team. Reduce the impact of uncertainty on your business success.

  1. Various risk management identification tools and techniques will bring emerging risks to your attention
  2. Our Partners analysis country and industry risks
  3. Inform your attitude to risk and take a more balanced risk based approach to business management

Our free enterprise risk management resources provide a free risk insight to the risks that matter to your business prosperity and even survival. Develop your risk knowledge for free.

Join in our online risk management discussions workshops and training sessions to hone your risk management skills and ability.

Leaders can manage uncertainty in various ways. Some bury their head in sand. Others adopt a belts and braces approach to risk control incurring imbalanced costs to benefits.

We can not guarantee you greater business success. We can help inform your business decision making process. You will be more likely to make better business decisions.

When facing doubts or uncertainty many business leaders turn to their gut instinct. Rolling the dice may turn up the result you are aiming for. This may work for you. However better risk management information may enable you to choose a different path. Or it may over procrastination to drive forward growth with more confidence. Not making a decision can be as bad as instinctively shooting off blindly.

Dealing with uncertainty better can help you navigate around pitfalls your competitors fall into. Help guide your business to greater success with less uncertainty. Manage uncertainty more cost effectively.

  • Leaders can use risk management principles and practices to take the next step towards success with more confidence.
  • Leaders can prepare themselves and their business to face the uncertain business environment to control threats and seize new business opportunities.
  • Leaders must learn to manage uncertainty better but they need not do this alone

Free subscription to BusinessRiskTV can support your business improvement plans.

Subscribe to BusinessRiskTV for free for tips advice and help to manage uncertainty better

Meet the challenges to your business with more confidence. The world is facing growing uncertainty. Adjust your business strategy to account for the significant risks impacting on your business objectives.

Join more than 27000 people interested in better enterprise risk management.

  • Read business risk management articles relevant to your enterprise.
  • Watch videos to inform your business decisions making.
  • Pick up ideas from top business thought leaders to grow your business faster with less uncertainty.

Subscribe for free to receive alerts to latest risk management news opinions and reviews.

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Innovation and Entrepreneurship News

Access information to inform your business risk management decisions

How do business leaders use innovation to better protect and grow a business?

News on the latest business innovations. Read articles on innovation and creativity. Watch innovation and entrepreneurship videos online.

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Thinking Differently

Making Business Better By Thinking Differently

What has worked in the past will probably work quite well in future, but we are thinking differently to find ways that will work better for business.   Thinking differently about business threats and opportunities to build resilience and greater success.

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Exploring business innovation and new ways of doing things that are better for all business stakeholders.

  • Helping to inspire business leaders to achieve more with existing resources.
  • Collaborating with realistic pragmatic people.
  • Guiding like-minded individuals around the world.

Bringing entrepreneurs and business leaders together to work on future today.

Are you happy with the way your business is performing?   Could you squeeze more out of your existing business assets to achieve more?   Great change can come from thinking differently together.   Take the first step to changing your business for the better by contacting us now below and enter code #ThinkingDifferently

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How to make your business stand out from the crowd

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Do not be constrained by how you have always done things. Do not set limits on your business success.

What makes you business stand out?

We’ll show your target market what makes your company different from your competitors. What makes your business different? How does your business stand out?

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What makes your business stand out?

Our showcasing of your products or services will demonstrate why your competitors customers should buy from you. Pull in new customers to your business more profitably. Land more notice of what your business has to offer.

Do this differently

Formula 1 teams with smaller budgets have to fight for every last point by thinking and acting differently from their bigger competitors. You need to grab the attention of new customers in a different way from competitors unless you have unlimited advertising and marketing budget.

It is a challenge to capture more bang for your buck. BusinessRiskTV can help you attain more from every pound you spend.

What makes your business unique?

If your business is unique then great, but for many businesses this simply isn’t true. However if potential buyers don’t know what you’re offering then they will buy from your competitors instead. You’ve lost the sales not because your inferior but because you weren’t even in the running.

The most successful businesses are not necessarily the ones offering the best product or service, never mind a unique service. However there are innovative ways to make your business stand out from the crowd and gain a competitive advantage.

We can direct new customers towards your business products or services more profitably more sustainably for longer business growth with less uncertainty.

Make your business stand out more cost effectively

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Be different but more successful with it

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Use social media and online marketing in clever and interesting ways to creatively and innovatively grow your business more profitably more sustainably.

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Will you suffer catastrophic loss to disruptive innovation or become a business disruptor yourself

Understand your future business threats and opportunities better with BusinessRiskTV

Protect yourself and benefit from innovation driven business growth

The 4th Industrial Revolution is upon us. For some it will be a plague but for others it’ll will be a feast.

Every day you can find multiple great ideas that could potentially disruptive the current way of doing things. My favourites at the moment are flying modes of transport that could easily replace vehicles that have to travel on roads and flying machines that briefly go to space to get to their destination quicker. They may seem like far off technological developments, but the technology works now.   Its flight rules and regulations that will hold them back to protect carmakers and airplane makers not technology risks.

Everyday new innovative ideas and products flood onto the market. For most it will be like Tomorrows World. The innovative ideas will not be sustainable. We want to work with people who want to take over the world in a good way!

Pull in our resources to make innovation-driven business growth more likely to succeed and maximise the return of your investment of time and money.

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If you don’t have time to be innovators you may need to find time to protect against business market disruptors

Fatal existential business decisions are easy to see in hindsight. Foresight consultants can help you take steps to protect yourself from your own poor business decisions.

Anyone can take a wrong turn. If you’re lucky the decision may not be malignant. You might survive to fight another day. On the other hand.

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Your brand maybe vulnerable to others who have been thinking differently, or from changes to the marketplace. It may fail cause your performance ain’t good enough, or because your competitors change the rules of the game.

How you fail may not matter too much after you’ve failed. It will be too late to consider what you are doing wrong. Kodak didn’t want to change when they had to change to survive. They were making too much money from photographs to change to embrace digital photography. Market changes can kill the best businesses.

The best form of defence is often attack

Being more innovative or creative can be frightening. Picking the wrong horse in a paddock of new opportunities can be very costly. Innovation can also be exciting and highly rewarding.

How To Increase Sales More Sustainably In Business

We aim to make innovation for you more exciting and rewarding as well as reducing the uncertainties that accompany innovation and creativity. Disruptive innovators can draw on our tips advice and support to become more successful with more certainty.

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Access tips opinion and analysis of how to grow your small and medium sized business. Pick up real life practical tested ideas from successful business executives.

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