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Showing posts with the label Innovators

Wishing Entrepreneurs Happy New Year 2014

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My Best Wishes to all Entrepreneurs, Dreamers and Change Makers for a Happy, Healthy and Helluva New Year. Let's Rock the Boat and Make our Dreams Come Alive in 2014. Rock On 2014...  Don't Stop Dreaming, Don't Stop Working, Don't Stop Making, Don't Stop Believing, Don't Stop Now!! Happy New Year! Get Inspired by these Quotes from Innovators & Change Makers “ Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma - which is living with the results of other people's thinking. Don't let the noise of other's opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary. ” ― Steve Jobs " The biggest risk is not taking any risk... In a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks ." ― Mark Zucke...

Why Business Stops Innovating?

Quite often, today's innovators become tomorrow's laggards, and many either die or just stop growing. The real question is: Why? Some of the popular and innovative companies of yesterday such as Hollywood Video, Borders, THQ, KB Toys, Frontier Airlines, Trump Entertainment Resorts, Nortel, Habitat, Polaroid are dead. Some reasons for the eventual demise and the death of innovation at these companies are: 1. Dependence on the familiar - Most companies become over-dependent on existing products for far too long, keep on adding bells and whistles and additional features that current customers keep on asking for, until they realize that these products are now bloated and obsolete. Worse yet, new customers don't want to buy the bloatware, and existing customers are also getting tired of the extra things that are not needed. 2. Change of management structure - Many times, as the company grows, the culture, leadership and management becomes more and more process oriented, and les...