Why innovation is the unsung hero of competitive advantage
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Why innovation is the unsung hero of competitive advantage

The most unused yet powerful proven way to get growth results is through innovation.

In this session, you’re going to learn six reasons why innovation is the secret weapon to achieving results faster and at less risk than conventional approaches.

You’re about to discover why an industry bottleneck may be the biggest door opener to growth results that you can use. You’ll also learn how innovation can save you from competing on price.

Hang on and open your mind for some insights and wisdom on intelligence.
Here are the six reasons why innovation is the secret weapon that’s yours for the taking

People avoid innovating

It’s a fact, backed up by significant research from Dr Heidi Gtrant from Columbia Univerity and others that 90% of the workforce will have a prevention-focused motivation when at work.

This means that people are motivated by avoiding making mistakes and avoiding risks. This is why people run away as soon as they hear the word innovation. 


But it doesn’t have to be that way. Our proven risk free validation processes all but eliminate the unknowns and dangers of innovating (more of that at another time).

This means that you can be innovating for rapid results at minimal risk without spending a fortune. At the same time, your competitors whittle down their profits and margins, playing the cost-cutting and cost-saving game.


Strengthening vs. cost-cutting

Don’t get me wrong, cutting costs is great. Why waste money if you don’t have to. But… most leaders focus on cost-cutting as their only tactic because it’s an escape route from acknowledging that their existing product or service needs an overhaul.

The growth-minded risk-averse leader asks ‘how can we strengthen our processes to get more output while creating better value for our customers and ourselves?’

Risk elimination via validation

New school innovation (the type we use with our Fortune 500 clients) uses rapid validation techniques to save you from wasting time, money or reputation trying to build a solution that no one wants.

We help them validate if they have a problem worth solving, a market willing to pay for a solution, and finally validate that it effectively solves the problem. Validation can happen in days versus months.

Reinventing vs. spending

Rather than increasing your marketing spend, we focus on rapidly improving your business offering (which makes marketing it easier).

Why do you seldom find great marketers working with companies that have ordinary products or services?

Because they know that trying to sell an unremarkable product is hard work and costs a fortune.

Suppose you have a marketing genius like Seth Godin working for you. In that case, he’d get you to rethink and innovate the product offering so that it is genuinely remarkable and marketable.

Innovation does this job for you.


Bottlenecks lead to breakthroughs

The most logical but avoided area to apply growth innovation is an industry bottleneck.

Every other company will avoid it because it’s an industry-wide issue.

But the growth-minded cautious leader knows that if they can innovate ways to alleviate the bottleneck, they will create breakthrough results and lead the industry.


Higher margins versus markdown prices
We are exposed to and influenced by price from a very early age. The price of petrol, the cost of milk, the price of bread. And while looking for a cheap deal can work for specific products or services, it’s often a race to the bottom in terms of profitability and viability.

There are some exceptions, but companies, like Amazon, use innovation in their business model and process automation to grow and lead the market. One of the most successful retail stores, Prada uses innovative design principles and store experience to allow them to be a market leader.


Innovation can reinvent results through processes, people, products and service.

Business growth innovation does not need to be risky or rocket science. With the right proven processes achieving growth through innovation can be predictable, reliable and consistent.

People like you and I know that growth shouldn’t be stressful or risky. And every one of us is capable of creating safe, innovative results that can change the industry and, who knows it, maybe the world.
By the way… helping leaders create foolproof innovation that drives results is what I do best.
If you’d like me to guide you and help create your dream growth results via low-risk business innovation, I’d be happy to help you.

Please call or email me if you’d like to have a quick discovery call to find out more.

By the way, if you found this valuable and want more, click here to discover how my 30-day online business reinvention course can reinvent your business results.



Cheers,
Nils
Founder, Keynote Speaker, Author

PS: Whether you’re looking for an innovation agency to improve your product with innovation, create an innovation disruption, or hack your business growth, we’re here to help.

Nils Vesk is a Four-Time Author and International Keynote Speaker. Nils has worked globally with over 200 bluechip companies including 3M, American Express, Canon, Caltex, Microsoft, Nestle´, IBM, Fuji Xerox, PWC, HP and Pfizer.




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About Nils Vesk


He's the founder of Ideas With Legs.

His  clients call him a Reinvention Renegade. Nils Vesk is an international authority on innovation and the inventor of the ‘Innovation Archetypes Process’.

Around the globe, leading companies such as Nestle, HP & Pfizer turn to Nils to share his proven innovation techniques for formulating commercial insights, ideas, extraordinary customer experiences and irresistible products.

Nils unpacks the million-dollar innovation principles used to create rapid growth for the future.

Nils is the author of a number of books including "Ideas With Legs - How to Create Brilliant Ideas and Bring Them to Life", and "Innovation Archetypes - Principles for World Class Innovation".

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