Entrepreneurial StrengthsFinder by Jim Clifton & Sangeeta Bharadwaj Badal

Author:Jim Clifton & Sangeeta Bharadwaj Badal [Clifton, Jim]
Language: eng
Format: mobi
Tags: Entrepreneurial StrengthsFinder, startup, entrepreneur, accelerators, Careers, venture growth, Gallup, strengths, entrepreneur programs, Development, job creation, business, economic development, entrepreneurship, ESF, talents, business builder, New Business Enterprises, business coaching, incubators, self-development, Economic, mentor, small business
Publisher: Gallup Press
Published: 2014-09-29T14:00:00+00:00

Balance current and future customer needs. It is easy to be tied down with day-to-day business management and focused on delivering what your customers expect from you. Set aside time to disconnect from the present, and feed your creativity to imagine your customers’ future needs. This will help you dream and plan for the future and maintain your competitive advantage.

Use measurement to evaluate your ideas. When weighing which idea to implement, ask yourself, “How can we measure this?” Pick ideas apart to identify issues that could crop up during implementation. If the results show that a project isn’t viable, then modify or abandon the idea and move on to the next one.

Minimize potential pitfalls by releasing your new product or service incrementally. Implementing new ideas is risky. Iteration is key. Launch the prototype, gather feedback from customers, make necessary changes, and test again. Using this low-cost approach, you can turn your novel and creative ideas into products or services without much potential downside.

Maintain a simple organizational structure. Fewer layers of hierarchy will enable easier information flow between you and your team. A simple organizational structure will also increase employee involvement in implementing ideas, encourage employees’ creativity, and lead to quicker execution and understanding of new ideas.

Balance efficiency with creativity. Process management techniques, such as total quality management or Six Sigma, which can increase your growing company’s efficiency and productivity, are also likely to decrease your ability to innovate. Don’t let efficiency-enhancing practices act as barriers to exploring new ideas. Nurture your natural creativity. Continue to invest in new ideas as you increase operational efficiency.

Mobilize resources to fuel the innovation process. You need two things for successful innovation: diverse experiences that spark your creativity and resources to drive the innovation process. Tap in to your existing network or build new alliances internally and externally to stimulate your creativity and access shared resources.

Learn from your failures. When carefully planned new initiatives fail, the potential to learn from them is immense. Don’t let this learning opportunity go to waste. Conduct a post-mortem, make sense of what happened, and add what you have learned to your knowledge base. Fostering intelligent failures will help you learn what not to do as you dream about the future.

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