Kensi Gounden

To keep everyone motivated, small business owners can encourage employees to participate as partners in the business. It doesn't mean they have joint ownership in the company, but it does mean that everyone who works for you is personally invested in the company's success and growth. Challenging employees starts with understanding the different factors that influence each individual's workday. Once you've got that down, you can be the boss who challenges everyone without stressing out anyone. According to kensi gounden - Here are five ways to get started. Provide Consistent Feedback Communicate Problems and Issues Affecting the Company Ask for Suggestions and Solutions Whenever Possible, Let Employees Define Their Duties Don't Take Advantage of Employees Ultimately, employees bear some responsibility for staying motivated and challenged within their positions. As the boss, your job is to create an environment that encourages and rewards the hard work and innovation

According to Kensi Gounden , "To achieve successful innovation, companies need to change previously established procedures, habits, and ultimately culture to be more open to innovation. In order to do this, it is essential for CEOs to not only support innovation initiatives but to also actively champion these initiatives. Innovation used to be a way for corporates to get ahead, now innovation is just a way to keep up. According to the Three Horizon Framework of Disruptive Innovation, innovation can be broken down into three categories: 1> Incremental Innovation - companies focus on innovation on existing products for existing customers. 2> Adjacent Innovation - companies take something they currently do well and apply it to new markets or develop new products for current markets. 3> Disruptive Innovation - companies focus on creating new offerings for new markets. In this new era, Talent has become the most important aspect of the business - including innovation succes

The successful exploitation of new ideas is crucial to a business being able to: improve its processes; bring new and improved products and services to market; increase its efficiency; and, most importantly, improve its profitability. It is important to be clear about the difference between invention and innovation. Invention is a new idea. Innovation is the commercial application and successful exploitation of the idea. According to Kensi Gounden - innovation means introducing something new into your business. => improving or replacing business processes to increase efficiency and productivity  => developing entirely new and improved products and services  => adding value to existing products, services or markets to differentiate the business from its competitors  Success comes from filtering those ideas, identifying those that the business will focus on, and applying resources to exploit them.