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The problem is the recession. It is hurting businesses large and small. The answer is innovation. Innovation can help you to cut costs, improve margins, retain customers, acquire new customers, gain market share and ultimately to survive. But when you are cutting costs and squeezing resources in all areas how can you find the people, [...]  The next meeting of the BQF Innovation Unit will take place on the morning of Feb 18th in Westminster. Details and booking here. The session will be led by Philip Kyte of consultants Arthur D Little. He says, ‘The concept is “Innovation for Cash” which we are finding very relevant to today’s situation. It is [...] Chuck Frey and Rennee Hopkins Callahan have put together an impressive report. They recently contacted a diverse collection of innovation experts and practitioners to learn more about the strategies they recommend for maintaining innovation during these challenging times. Respondents include some of the best and brightest innovation authors, bloggers, consultants, and practitioners. You can download [...] Here is an interesting article on the BBC site featuring Martha Lane Fox. She addresses the question how can we survive a global downturn? And she quotes Frank Lloyd Wright’s marvellous words, ‘An idea is salvation by imagination.’ She says, ‘All the headlines talk of businesses cutting enormous numbers of jobs and scaling back investments. [...] In a downturn everyone is involved in sales. I chaired the Successful Selling Conference in Birmingham last week and we had a fantastic line-up of speakers on sales and motivation. The Sales Guru, Neil Rackham, who conceived the Spin method in the 1970s, was one of the presenters. He asked what are the three most [...] We tend to think of innovation as a tool for inventing and marketing new products and services. This is certainly its main thrust. However, as Jeffrey Baumgartner points out in this article on Innovation Tools, you can use innovation for streamlining business processes, eliminating steps, reducing waste and cutting out costs. When times are tough we [...] |
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