INNOVATORS, ARE YOU CHALLENGERS OR DEFENDERS
Today’s most ground breaking companies challenge established markets and competitors with innovations that dislocate and reinvent entire industries. These companies set new standards for customer experience, quality, functionality and service and incumbents must skilfully manage their business and customers.
Innovators are categorised as either challengers or defenders and almost all are better in one area than the other whether they know or not. Defenders optimize every opportunity to grow revenue from their existing customer base, challengers devise inventive business models and make
competition obsolete. Few managers excel at both.
When most people hear the word innovators they think the person who finds brilliant ways to create something new. Innovators are not only the people who create something new but also implement them in a proper way.
Innovators as a challengers face many challenges they face major obstacles like indifference, hostility, and isolation in the innovation environment. The challenges innovators face in the present scenario are;
FINDING AN IDEA;
The first and foremost thing is to find an idea this is the most important thing that differentiates an innovator from the other. Ideas are everywhere creativity is the hardest challenge.
DEVELOP A SOLUTION;
The most important thing is to develop a solution for the problem as I mentioned earlier that ideas are everywhere in the same way solution to a problem is found everywhere it depends upon us which alternative to choose to solve the problem. The gap between an existing idea and a working prototype is huge. So what if you think something can be done GO FOR IT.
FIND A SPONSER AND FUNDING;
Whether you are an entrepreneur or a middle manager you need someone else approval and you definitely need someone to sponsor. So funding becomes a most important part.
REPRODUCTION;
Making one of something is not as same as making a thousand creating is not important but implementing them is more important.
BEAT THE COMPETITORS;
Every idea has a competitors, even if you successfully reach the customers you won’t be the only one to reach them. So we need to beat the competition.
KEEPING THE LIGHTS ON;
Last but not the least is keeping the lights on that means, Of course when we are doing these someone has to pay the bills and keep whatever daily business there is running.
In spite of all these challenges innovators manage themselves to be the challengers and defenders in the present market scenario. Thereby I conclude innovators are both challengers and defenders.
SO JUST DECIDE DO YOU WANTED TO BE AN INNOVATOR OR INVENTOR?????????????
Today’s most ground breaking companies challenge established markets and competitors with innovations that dislocate and reinvent entire industries. These companies set new standards for customer experience, quality, functionality and service and incumbents must skilfully manage their business and customers.
Innovators are categorised as either challengers or defenders and almost all are better in one area than the other whether they know or not. Defenders optimize every opportunity to grow revenue from their existing customer base, challengers devise inventive business models and make
competition obsolete. Few managers excel at both.
When most people hear the word innovators they think the person who finds brilliant ways to create something new. Innovators are not only the people who create something new but also implement them in a proper way.
Innovators as a challengers face many challenges they face major obstacles like indifference, hostility, and isolation in the innovation environment. The challenges innovators face in the present scenario are;
FINDING AN IDEA;
The first and foremost thing is to find an idea this is the most important thing that differentiates an innovator from the other. Ideas are everywhere creativity is the hardest challenge.
DEVELOP A SOLUTION;
The most important thing is to develop a solution for the problem as I mentioned earlier that ideas are everywhere in the same way solution to a problem is found everywhere it depends upon us which alternative to choose to solve the problem. The gap between an existing idea and a working prototype is huge. So what if you think something can be done GO FOR IT.
FIND A SPONSER AND FUNDING;
Whether you are an entrepreneur or a middle manager you need someone else approval and you definitely need someone to sponsor. So funding becomes a most important part.
REPRODUCTION;
Making one of something is not as same as making a thousand creating is not important but implementing them is more important.
BEAT THE COMPETITORS;
Every idea has a competitors, even if you successfully reach the customers you won’t be the only one to reach them. So we need to beat the competition.
KEEPING THE LIGHTS ON;
Last but not the least is keeping the lights on that means, Of course when we are doing these someone has to pay the bills and keep whatever daily business there is running.
In spite of all these challenges innovators manage themselves to be the challengers and defenders in the present market scenario. Thereby I conclude innovators are both challengers and defenders.
SO JUST DECIDE DO YOU WANTED TO BE AN INNOVATOR OR INVENTOR?????????????
Today’s most ground breaking companies challenge established markets and competitors with innovations that dislocate and reinvent entire industries. These companies set new standards for customer experience, quality, functionality and service and incumbents must skilfully manage their business and customers.
Innovators are categorised as either challengers or defenders and almost all are better in one area than the other whether they know or not. Defenders optimize every opportunity to grow revenue from their existing customer base, challengers devise inventive business models and make
competition obsolete. Few managers excel at both.
When most people hear the word innovators they think the person who finds brilliant ways to create something new. Innovators are not only the people who create something new but also implement them in a proper way.
Innovators as a challengers face many challenges they face major obstacles like indifference, hostility, and isolation in the innovation environment. The challenges innovators face in the present scenario are;
FINDING AN IDEA;
The first and foremost thing is to find an idea this is the most important thing that differentiates an innovator from the other. Ideas are everywhere creativity is the hardest challenge.
DEVELOP A SOLUTION;
The most important thing is to develop a solution for the problem as I mentioned earlier that ideas are everywhere in the same way solution to a problem is found everywhere it depends upon us which alternative to choose to solve the problem. The gap between an existing idea and a working prototype is huge. So what if you think something can be done GO FOR IT.
FIND A SPONSER AND FUNDING;
Whether you are an entrepreneur or a middle manager you need someone else approval and you definitely need someone to sponsor. So funding becomes a most important part.
REPRODUCTION;
Making one of something is not as same as making a thousand creating is not important but implementing them is more important.
BEAT THE COMPETITORS;
Every idea has a competitors, even if you successfully reach the customers you won’t be the only one to reach them. So we need to beat the competition.
KEEPING THE LIGHTS ON;
Last but not the least is keeping the lights on that means, Of course when we are doing these someone has to pay the bills and keep whatever daily business there is running.
In spite of all these challenges innovators manage themselves to be the challengers and defenders in the present market scenario. Thereby I conclude innovators are both challengers and defenders.
SO JUST DECIDE DO YOU WANTED TO BE AN INNOVATOR OR INVENTOR?????????????