How do you figure out market potential? from HBR and Linked In

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From: Harvard Business Review Group Members <group-digests@linkedin.com>
Date: Sat, Jun 22, 2013 at 12:10 AM
Subject: How do you figure out market potential?

Harvard Business Review June 21, 2013 Manager's Choice How do you figure out market potential? Started by Tracy Williams 1 comment Like Still Active Discussions (21) Virtual Teams - What are the do's and don'ts of making virtual teams work effectively? Started by Michael Watkins Virtual teams have become a fact of life. But what does it take to really make them work? Is still important that team members meet in... more » 3 new comments Like Can You Overdo People Skills? Started by Erica Truxler 7 new comments Like CULTURE in the workplace Started by Angela Crane, M.D. it is time we talk about culture in the workplace! How we each deal with our most nagging problems of health, stress, education, age,... more » 2 new comments Like The Most Effective Ways to Make It Right When You Screw Up Started by Erica Truxler How have you handled apologies in the past? 46 new comments Like New Discussions (10) My Forbes Blog on How Empathy Moves Business Forward Started by Jayson Boyers, Managing Director, Division of Continuing Professional Studies at Champlain College Like · Flag While a college education generally improves employment prospects, the comforts of modern life are due in no small measure to the ideas and efforts of those who never attend or finish college? Started by Peng Toh, International Business Consultant Like · Flag What motivates best in the workplace? Started by Steven Easley, Breakrock Consultants Like · Flag 12 Counterintuitive Practices For Long-Term Success - Forbes Started by Krishnan V G, Co-Founder at shikshadaan and Certified Executive Coach Like · Flag Work-Life "Balance" Isn't the Point Started by Alexandre Real, Partner SFORI (Strategy For Improvement) Like · Flag Have you ever known a manager who should have turned down the promotion? Started by Miriam Salpeter, Social Media Strategist - New Economy Job Search Coach & Social Media Consultant / Speaker - Author Like · Flag In your company or social group, it is well accepted sustainability theme? Or people think this is subject just for an environmental activist? Please, share to me what sustainability means to you? Started by Christie Bechara, Diretora na Cia. Sustentável Like · Flag Small Business Growth - Please share your advice, ask questions, and participate in helping others to grow their small businesses Started by Madeline Boldyrew, Writer/Editor; and Service Representative at Something Greek Like · Flag What's the best piece of business advice you've ever received? Started by Elaha Abhar, Student aan RSM Erasmus University Rotterdam Like · Flag How many times should a person resend an email if the recipient hasn't responded. Also, what's the timing on resending that email? After two days, after a week...? Started by Gayle Hallgren-Rezac, Speaker on Networking & Team Building, Writer, Executive Consultant, Shepa Learning Company Like · Flag Job Discussions (1) CONSULTANTS/HIGHER EDUCATION PROFESSIONALS - A Curriculum That is RE-Inventing & Transforming Education – Posted by Barry Ruston, -- Like · Flag Jobs (1) Senior Investment Executive Jera Securities - Greater Los Angeles Area Stop inappropriate content the moment it is posted. Send me an email for each new discussion » Do you know anybody that might like this group? Invite others to join » You are receiving Group Digest emails. Unsubscribe. This email was intended for Jorge Saguinsin (Senior Managing Director at Bereavement Providers, Inc.). Learn why we included this. © 2013, LinkedIn Corporation. 2029 Stierlin Ct. Mountain View, CA 94043, USA

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Innovation straitjacket - how your innovation efforts are stymied?

From HBR

The straitjacket was invented in 18th century in France for mental disorder patients to prevent them from hurting themselves or others.  However, in a way or another, companies create, and this comes from the top create straitjackets vs innovation. It is functional though because it promotes order and stability.  Some of the straitjacket to innovation.

1.  Constrained by current capabilities  -- E.g.  a project/product cant be done because it is beyond core competency or capability. 

Remember Howard Stevenson of Harvard who defined entrepreneurship as "pursuit of opportunities without regards to resources currently controlled"

2. Fear of cannibalization - will the new offering eat into the current sales?

3.  Dread of dilution -  lower over all margin and ROI.  New product marketing and low volume eat into over all profits.

4. Brand  -  brand extension is bad (Al Reis and Jack Trout).  We cant depart from the brand. 

5.  Channel trap -  we try to sell new products through same channel and we have disappointments.

So it is better to leave innovation to a separate unit.

Straitjackets to innovation;  how can you innovate if you fear to innovate?

Zero tolerance for Grammar Mistakes - from HBR

From HBR - Kyle Wiens of iFixit

The author has instituted a zero tolerance for grammatical mistakes.  It is understandable for his business that is involved in writing.  But he requires the same for other non writing jobs.  Grammatical errors when it goes out into the web, makes the organization look foolish and unprofessional.

God is in the details.  Those who make these mistakes betray their eye for details, remembering things and often make mistakes in their work.  Remember what the new CEO did when he took over Korean Airlines after a terrible crash (due to misunderstanding with the control tower staff?   He had everybody go on English training.   Seems very logical.

I am often dubbed as an editor or copywriter when ever I fine Accounting people in making mistakes in the Voucher.

How about you?

Will you hire people who use wrong grammar?

Economic crisis and low returns demands more innovation - HBR

From Harvard Business Review

There is economic crisis both in US and across the Atlantic;  and traditional business enterprises returns have been anemic;  the BRIC nations have not been doing so well lately.  As always it is noted that crisis breeds a lot of opportunities.   Recent developments in oil and energy explorations makes this a bright spot in US economy. Everywhere, human ingenuity powered by self empowerment will drive up economy

Some areas where growth will come from:

l.  Badges of skills (certification training.  This is a booming business for CCE at AGSB)

2. Making money from Multitasking ;   also movies and broadcasting, media have to adapt their business models/infrastructures to this development

3.  Recofriendation

4. Newer models of entrepreneurship for higher yields and returns

MIchael Schrage at HBR