Entrepreneurial Thinking

How does Social Media Facilitate Innovation?

How does Social Media Facilitate Innovation?

Innovation should always be on the forefront for organizations, and needs to be applied to many facets – products, services and processes. The question is, how do organizations use social media to foster innovation in one or all of these areas?

The answer: use social media to bridge the gap between you and your customer. We all talk about continuously engaging with our customers by finding new ways to strengthen our relationship with them by coming up with new and improved products and services. Well, we have never had a better tool to research and get true insight into what customers think, feel, want, lack or need than social media. It provides us an open, one-to-one communications channel with hundreds of thousands of people! And it does it through an open, engaging and immediate response vehicle.

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Ken Tencer Interviewed on Dresser After Dark

Ken Tencer Interviewed on Dresser After Dark

Ken Tencer was interviewed on July 26, 2011, on Dresser After Dark, With Michael Ray Dresser, on BBS Radio. The Interview was based upon The 90% Rule Book and how entrepreneurial thinking can inspire, innovative and create sustainable growth in your organization.

Listen to the Interview with Ken Tencer

Driving Innovation in Your Organization – The Four Ps of Innovation

Driving Innovation in Your Organization – The Four Ps of Innovation

Michael Mitchell is president of a Chicago-based Mitchell Innovation + Research. As a consultant in innovation and market research for top corporations, he has had a lot of experience determining what prevents companies from becoming more effective innovators.

In a recent white paper written for the American Management Association, Mitchell identifies four key conditions a company must put in place to achieve results from their innovation efforts. He calls them “The 4 Ps of Innovation”: Priority, Plan, People and Process.

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