Posts tagged as:

innovation

Reimagine your business using mobile technology

by Steve Livingston on March 9, 2011

An interesting event this morning on “Redefining the Customer Experience using Mobile” hosted by the Institute of Directors (Young Directors Forum) held at the Alchemist in Manchester’s Spinningfields.

In addition to some mind-boggling stats about the proliferation of mobile connections and apps being launched on a daily basis, the overarching message for businesses is that the mobile tech opportunity whittles down to three key advantages:

1. Better customer information
2. Better customer understanding
3. Better customer relationships

After all, a smart phone or mobile device sits in the pocket of pretty much every single one of your target customers.

Some interesting case studies demonstrated how apps can add a element of engagement and fun e.g. Barrett shoes asking for user’s dates of birth to identify their birth stone and therefore their likely personality traits and of course shoe preferences (the live demo worked!). Plus Kiddicare who has built in a multitude of capabilities into their app to allow customers to view video demos of products and even scan barcodes in competitors’ shops to get a price match – plus next day delivery and a 365 day return policy (a no-brainer?!):

“so our competitors become shop windows for our products”

Watch out bricks and mortar retailers!

In designing apps, advice was given to focus on your target market and ideally get them to help design it – otherwise you’ll risk ending up with a highly functional yet dull and unengaging app. And to:

“think multi-channel rather then just Internet in approaching and targeting your market”

Disruptive technologies such as mobile point of sale apps and hardware were highlighted (I was surprised that Dorsey’s Square was not mentioned?) plus user friendly technologies to help offsite / mobile workers transfer data for processing in realtime as opposed to dropping in and out of the office.

Mobiles or smart phones have become such an integral part of daily life that if you as a business owner do not have (or at least are not thinking about building) a channel into your existing or future customers’ mobile device, then you’re pretty much toast!

I liked the comment from Kiddicare:

“we’re a tech company that happens to sell childrens stuff”

Its like McDonalds founder, Ray Kroc‘s comment “we’re a real estate company that happens to sell hamburgers” updated for the 21st Century.

Approached from this perspective, it should help us all reimagine our business or even our entire industry.

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A business idea shared is a business (almost) launched!

by Steve Livingston on July 23, 2010

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As a budding entrepreneur, its understandable to want to hold onto and covet that killer business start-up idea.

If you are on your own and perhaps struggling to drive the new business idea forward, the danger is that with every day you let pass, someone else gets closer to climbing ahead of you and launching the same or similar business. Or the pain or need that your idea solves becomes obsolete or outdated.

You need to share your vision or idea with as many people as possible.

This has three main benefits:

  1. It allows you to develop and hone your idea from the feedback received from others. This will save you a lot of (potentially wasted) time, energy and money in the long run, AND
  2. It provides an opportunity for others to introduce you to the people who may hold the key to launching and making your new business a success. Either as investors, future partners or just folk who’ve been there and done it, these contacts can be invaluable. Heck, you might even stumble across these people directly if and when serendipity steps in to plays its hand! AND
  3. It holds you accountable to carry out your plan. It is an act of commitment. Once you share your idea with the world, people will either cheer you on your well earned success or scoff if you limply throw in the towel. Its like having millions of personal trainers. Speaking of which (sort of) - Just do it!

If you remain unconvinced by the prospect of sharing your idea with the world, I’ll leave you with the following two assertions to ponder:

  1. Most people are busy running their own lives with their own priorities, issues, hopes and fears. The chances of anyone you meet thinking “that’s a great idea, I think I’ll steal it and go do it myself” and then having your passion and your insight to see it through are remote.
  2. The best innovators are businesses that are unafraid of the competition. They have complete confidence in themselves as game-changers at the cutting edge of their industry. Therefore, as fast as anyone tries to copy them, they know these competitors will only ever be mere pale imitiations.  They also wallow safe in the knowledge that the well of creativity and ideas is without end – think Apple. Nuff said.

Are you ready to share now?

Caveat – the above advice should not be applied in the case of new intellectual property or technical specifications e.g. software coding; technical drawings or know-how etc, which should remain top secret and protected.

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Effective communication need not cost the earth

June 15, 2010

If you’ve been wandering around the streets of Manchester of late, you might have noticed a new and ingenious advertising opportunity as demonstrated by ReverseGraffiti.co.uk on the pavements and side-walks.
ReverseGraffiti.co.uk cleans paving slabs using just water and a stencil to spell out each striking advertising message. Simple, eco-friendly, clean, innovative and 100 times more noticeable than a billboard!
Could this work for your business to [...]

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Social learning beats innovation to business success

May 15, 2010

Business Dilemma: You can build your business by either:

Copying your competitors or
Striking out to develop new Blue Ocean markets.

Which is likely to be more successful?
A fascinating new study carried out by Kevin Laland of the Universtity of St Andrews (covered in The New Scientist – 1 May 2010) suggests that the former copy-cat appoach is likely to [...]

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Earning a Buck in the Digital Age – Delivering Professional Services to Digital & Creative Businesses

April 20, 2010
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Pro.Manchester‘s Creative session on Earning a Buck in the Digital Age proved to be a compelling discussion on how professional service firms can work more effectively with the North West’s flourishing digital and creative businesses.
Held at Halliwells in Manchester, the panel consisted of Simon Wharton, Nick Rhind, Shaun Fensom, Coral Grainger, Philip Hemsted and Steve [...]

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Zappos points to Future Business Model

April 19, 2010

You will see from the above video that Zappos is no ordinary company.
Zappos launched in 1999 and today has annual sales in excess of $1billion.
Zappos sells footwear and clothing online. Sounds fairly ordinary however, the key to Zappos’ success is its unwavering focus on building a unique community culture amongst its staff and customers by [...]

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Patchwork Traditional Food Company launches new products NOT so traditionally

April 6, 2010
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It is great to see The Patchwork Traditional Food Company:
a) launching exciting new products and
b) using new social media channels to good effect to launch quickly, cheaply and effectively.
I’ve long been a HUGE fan of their pate so to see the launch of this ice cream is great news. Here is a business that [...]

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Manchester sparks further innovation with FABLAB launch

March 23, 2010

 
FABLAB as an institution is news to me but it sounds like a fantastic idea and – even better – they’ve recently opened their first UK based FABLAB in Ancoats, Manchester.
FABLABs offers a mini hi-tech factory where people or companies can design and create pretty much….. anything using latest 3D machine cutters and technology. There are now over 35 FABLABs in [...]

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Dyson backs ingenious Britain + Changes ahead for R&D tax credits & EIS?

March 10, 2010

James Dyson hits out at the existing “lacklustre” UK R&D tax credit system and its “botched” implementation by HM Revenue & Customs.
Dyson is right in his assertion that the recent tightening of policy in restricting certain claims (e.g. for prototypes that are eventually sold) is fundamentally flawed, however, my experience of working with the [...]

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