What pisses you off? Primary driver of innovation

Every generation needs a revolution - an entrepreneurial revolution

What drives innovators and entrepreneurs?

WHAT PISSES YOU OFF?   What gives you pain?  The entrepreneur's goal is to remove that irritant, by improvement of process, inputs, leadership and management

Discovering new product, new solution?

No other thing fuels innovation and entrepreneurship.

Are there?  Any suggestion?

2023 promises to be a challenging year for businesses

Every generation needs a revolution - an entrepreneurial revolution

Tougher times ahead in 2023. Manila Times

Difficult 2023 IMF

Its going to be challenging year 2023 for businesses. On the micro level, many businesses closed shop:   food outlet serving Ramen, coffee shops milk tea shops (hole in the wall type)  two big restaurants, bike shops   Many buko vendors and fruit vendors along Manila East road   

Challenging 2023 ahead of us

5 Changes in the Global markets

At the Macro level, there seems to be huge growth of 7.6% in 2022, but after discounting the inflation rate of 4%, we are left with nominal 3.6% not something to crow about   And if we compare the numbers to pre pandemic numbers, we were at the same level     Many big establishments are permanently closing   Even our airlines are heavily indebted  and could face financial downfall 

A slower growth, if any is expected in 2023   

A building supplier who went into airport business whose plant is nearby is reported to have difficulty meeting its payroll

The inflation, the high interest rate at US which drives down the Peso value vs the dollar, the high energy costs, the Ukaraine war, the China covid wildfire spread do not mean well for Philippine economy..

WE MUST WORK HARDER BE MORE INNOVATIVE BE MORE entrepreneurial    The telecon, the energy food too  travel sectors seem robust and steady.   Tourism,..?    The glamping bike tourism is on the way down.  Many sites priced themselves out of the market   We must engage in cost reduction, protecting our liquidity, focussing on sales and collection

We must be open to new opportunities,  and seek and screen them   All ready there are two projects that I must evaluate.  And trips to the provinces are plenty.  We are sewing one up and in the contract signing stage.  

Next week I will have a meeting with Puerto Princesa business men and we wil discuss possible projects

Innovation continues despite pandemic, politics

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines

5.2.2021

Alex Green and O Leary interview

Innovation accelerator playbook review

This post was sent email that contined video of interview between TV host O Leary and Alex Green

of Oxford Club.  Alex Green, an investment analyst correctly predicted certain inflection points in the financial world    Some of his observation:

1.  Many continue to invest in USA despite its negative fiscal condition:    high public debt,,  because  it is the center of innovation and continues to be so:   in IT, medicine, pharma etc.

2. This has gone on despite politics and  policies that are anti business;   This will continue despite pandemics and we must not stop investing.

3.  There weill be more wealth to be created in two years time because of entrepreneurship and innovation.

      Example is Moderna which has made quantum leap in vaccine production using M RNA technology.  The M RNA technology does not involve injection of dead virus;   it simply has

MRNA that tells which type of antibodies the body will produce.  

Moderna and other companies are making breakthrough in anti cancer treatment using M RNA

      The companies that have excelled in such innovation made huge gains in their stock prices:   Netflix

       Tesla, Moderna, and Surgical Robotics

     The group of Alex Green continues to watch innovation companies.

The areas to watch are:

1.  Agriculture sector

2.  Robotics

3.  Bio tech

4.  Cable broadband. 

These by the way represents highest demand and usage of consumers

Review of entrepreneurship - a Slideshare Presentation

Every generation needs a revolution - an entrepreneurial revolution

Rial Philippines

4.20.2021

It looks to me that I and our staff are sinking into routine.  Its time to dig some old files and presentation on the topic at Slideshare.

Entrepreneurship, introduction to entrepreneurship, definition of entrepreneurship from Jorge Saguinsin

Innovation at Omron

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines
January 29, 2017

The President of Omron Yoshihito Yamada spoke at NHK on the two things that propelled Omron, the maker of sensors and other innovative devices that changed the world we live in like cash counters, cash dispensers, ATM machine, portable BP devices automated ticket machine and many many more.

Yoshihito Yamada CEO of Omron at NHK at Direct Talk

They are innovation, and commercialization of those innovation

What do you think of this game changing ideas in a business?

The President used to be in sales and his project was the BP measurement devices.  They made a campaign to get people to use the device:  people should measure their BP to avoid heart attacks and strokes.   And their sales of portable aneroid sphygmo shot up.  Innovation is risky, and they had many failures too

Why market leaders lose out to innovators?

From Josiah Go article at Inquirer Market Pulse

From Business Inquirer

Why as Cebu Pacific wrested the market share from PAL, Asias first  airline when it had the resources to launch such service, segment the market?  Or why has The Generic Pharmacy now outnumbered Mercury Drug outlets 2:1

Some answers:

1.  Company needs to protect financials.  Many see PHP spent on innovation as potential loss rather than potential profits;  (in gestation period, the new business can experience losses:

2.  Culture of complacency Success is the greatest enemy;  it breeds complacency

3.  Limited knowledge and methodology;   lack of understanding  of business model and see anything new as innovation

4.  Arrogance and pride (Pride goeth before the fall (hubris)

5.  Lack of strategic thinking

6.  Slow response to technological changes (lack of speed)

7.  Lack of idea channel (suggestion system bottoms up communication

8.  Internal inefficiency;  not process oriented lack of quality, or even squabbles that hinders the growth

9.  Lack of marketing talent in the team

10.  Inability to be a visionary to see the big picture.  While focusing now and operational efficiency, the future, the direction of the company is forgotten

Innovate or die

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines
August 16, 2016

I asked the veteran businessman and CEO with whom I brainstormed today why their family business on finance and chemicals are nowhere to be found now.  He said the company and their current execs became dysfunctional.  They continued to function as if the world was not changing, being as they were before, now and tomorrow;  Being insane, ie expecting the business to grow without inputs and innovation, which according to Albert Einstein is insanity.

Innovate or die.  They failed to innovate, so the company died   While the detergent companies required more environment friendly chemicals for their detergent, their company produced what they knew how to produce.  The detergent companies stopped buying from them and hence, no sales, no cash flow, no business.

History both local and foreign is filled with stories that failed to see the waves of changes that were upon  them:    Nokia, Pocketbell, Motorola, IBM and many many more  This is one of the very few failures that I knew for not heeding:  Innovate or Die

They forgot the basic lesson of what a business:  an entity that creates and maintain customer.

The two important functions therefore are marketing and innovation.

Let us remember that

50 Most Innovative Companies and what sets them apart

Repost from CGMA

From Business Insider



Here is a feature of most innovative companies and what set them apart.  No 1 is Apple, No 2 is Samsung.  Samsung dislodged Google from No 2 position.  Some car companies are in the top 50 like Toyota, BMW and VW and GM.

There is much innovation in car and automotive industry, considered to be laid back and staid because of stiff requirements on fuel economy, safety, and competitive scene.  If you do not improve the car styling or performance, then your sales suffer.

Here are reasons why some companies are more competitive than others:

• Their top management is committed to innovation as a competitive advantage: Nine of ten strong innovators say leadership is committed to innovation, compared with less than half that at weak innovators.
• They leverage their intellectual property: Instead of viewing the protection of IP rights as a defensive strategy, top innovators see it as a way to establish a competitive advantage.
• They manage a portfolio of innovative initiatives: Strong innovators define their project goals clearly, and they “have processes in place to stop projects when their promise wanes,” the report says.
• They have a strong customer focus: More than 70% of strong innovators say that the views of key customers play a role in choosing which ideas to develop, compared with 42% of weak innovators.
• They insist on strong processes, which lead to strong performance: Top innovators are far more likely to have standardised processes to review projects and make decisions. As a result more of the top innovators’ projects are finished on time. 

Read more on 50 innovative companies        


                                                  

Innovation by a Party Needs Provider

I came across a brochure inserted at the mailbox today and I was pretty much amazed at the desktop publishing quality of the brochure.  It was back to back.

The innovation in the business/offering were the following:

1.  various offering for various needs; and some were quite new like the chocolate fountain (you normally just find this in a 5 star hotel buffett).  The various packages like Party Package 1 to 4, baptismal package, balloon decor package, chocolate fountain.  The various packages fit various packages and are affordable 

(No I am not advertising in the usual blogger mode, their products/services)

2.  change of PTM - they also supply in bulk party needs as balloons, tarpaulin, souvenirs, flower arrangement, loot bags, name tags, poppers, bubble machine etc.

I would like to think that this business generates a lot of revenues because the owner is ingenious.  New ideas create value.  New value means more wealth.

These innovative individuals drive the economic engine which has made our country very progressive lately

What does this indicate:

1.  The wants in the party market have expanded.

2.  Filipinos value occasions/events in the lives of loved ones and they spend (this is an important psychographic market research data - not SEC)

3.  You really have to constantly innovative to be noticed like this brochure which I ventured to analyze

A manager's guide to having the tough talks

More bookmarks for articles on leadership

---------- Forwarded message ----------
From: SmartBrief on Leadership <leadership@smartbrief.com>
Date: Fri, Jun 28, 2013 at 10:17 PM
Subject: A manager's guide to having the tough talks

How leaders lose wars by winning battles | Tim Cook is betting his pay on Apple's success | ChangeLabs CEO: Why change requires action, not just acceptance Created for profjorge.entrep@gmail.com |  Web Version June 28, 2013 CONNECT WITH SMARTBRIEF       SIGN UP | FORWARD | ARCHIVE | ADVERTISE Leading Edge Sponsored By How leaders lose wars by winning battles It's possible for bosses to be correct on the facts but wrong from a management perspective, says Delphix CEO Jed Yueh. Browbeating workers into agreeing with your position can demoralize them over the long haul. "You have to understand how to win wars, not individual battles. If you don't manage yourself very well, it's hard for you to maximize the performance of a team," Yueh says. The New York Times (tiered subscription model) (6/28) Share:      Tim Cook is betting his pay on Apple's success Apple CEO Tim Cook has announced he'll voluntarily give up as much as 33% of his stock-based compensation -- worth about $130 million by Tuesday's stock price -- if Apple stock ranks in the bottom third of the Standard & Poor's 500 over the next eight years. That's an admirable gesture of self-accountability with no hidden upside for Cook, writes Steve Tobak. "Tim Cook is putting his money where his mouth is, $130 million of it. He's sending a message to boards, executives, and business leaders across America," Tobak writes. Fox Business (6/25) Share:      Become a member of OPEN Forum and get connected Join a community of business owners and learn to: • Leverage meaningful advice from other business owners to help you overcome obstacles in your business. • Grow your network by connecting and engaging with experts online. • Pose your business challenge to community members and get input that can inspire your next move. It's free, click here to join. Strategic Management Sponsored By ChangeLabs CEO: Why change requires action, not just acceptance Change can be addressed in a way that differentiates your company from competitors, says ChangeLabs CEO Peter Sheahan, but doing so requires four action-oriented steps -- question, align, reposition and collaborate. "It turns out that just being open to change and acknowledging it and being willing to do something about it is not enough," he said. EHS Today (6/25) Share:      Adults still have a taste for Lucky Charms Sales of Lucky Charms are up 14.5% this year by one estimate, largely thanks to adults who reportedly make up more than 40% of the brand's consumer base. "We know that adults have always loved Lucky Charms and by reconnecting them with the brand, we have reignited their love of one of their favorite things from childhood," said Carla Vernon of Lucky Charms owner General Mills. Bloomberg Businessweek (6/28) Share:      Lead-to-Win: Managing People, Process and Technology Read research from the Aberdeen Group on how top-performing sales teams are using contemporary technology tools to reduce their sales cycles and increase their win / loss "batting average". Learn how to better leverage people, process and technology to optimize your sales cycles. Download the free Aberdeen report now. Innovation and Creativity Sponsored By How innovation helped a National Semiconductor plant survive National Semiconductor put its plant in Greenock, Scotland, up for sale in 1998 in a bid to reduce costs, but the threat of closure led the plant's management team to pull off a surprising turnaround. New efficiencies were found to cut production costs by 50%; site managers drove innovation by partnering with universities and research programs; and local executives aligned their efforts with the global parent. InnovationManagement.se (Sweden) (6/28) Share:      Apps for Disaster Planning Best disaster preparedness apps from TechSoup donation partners, government agencies, and nonprofits. Tech Soup, by Ginny Mies The Global Perspective Sponsored By Startups bring India's unorganized workers in from the cold More than 90% of India's workforce belong to the informal sector, but a number of startups are aiming to give these workers the training and infrastructure they need to join the formal workforce. "Skilling a person and giving him or her a fungible asset like a training certificate, creating job opportunities, and bridging the gap between demand and supply are all crucial steps," says Dilip Chenoy, head of the National Skill Development Corp. Knowledge@Wharton (6/27) Share:      4 Tips For A More Effective Attribution Strategy How do you measure digital advertising success? Learn what metrics truly matter in order to evaluate and optimize your investments. This Digital Marketing Depot white paper discusses attribution approaches, emerging challenges and best practices for improving the performance of your display campaigns. Download it now! Engage. Innovate. Discuss. Sponsored By A manager's guide to having the tough talks Managers inevitably need to have difficult conversations about employee performance, workplace problems or when it's time to let workers go. You're paid to confront these issues, so get to it, writes Dan McCarthy, who includes helpful links to help managers take on 10 common workplace problems. SmartBrief/SmartBlog on Leadership (6/27) Share:      Download a new commissioned Thought Leadership Study conducted by Forrester Consulting on behalf of Amazon Webstore The Agility Imperative: Embracing Software-As-A-Service To Drive Customer Intimacy In A Fast-Changing World. Learn the tactics successful online retailers are using to create long-term customer value. Download Free! Daily Diversion The cost of a lie? $54 Tim Green is a professional liar. For $54, Paladin Deception Services provides cover for cheating spouses, fake medical notes for malingering employees or bogus references for job-seekers. "I believe that my moral compass is intact," he says. "We are not breaking any laws, and if we help people out, I feel like we are doing a positive service." Pioneer Press (St. Paul, Minn.) (6/25) Share:      Position Title Company Name Location Click here to view more job listings.   Featured Press Releases QAD Executive Earns 2013 Outstanding Achievement Award from AIAG Click here to publish your own press release   Featured Content 4 Ways to Get People to Remember You Charles Gaudet Share:  Building Leadership Skills from the Ground Up Brian Moran Share:  What Does DOMA Ruling Mean for Business Owners? Kelly Spors Share:  Do Your Most Important Task First Sarah Rapp Share:  7 Things You're Doing to Destroy Your Company Barry Moltz Share:  SmartQuote Hire right and fire right, and that's pretty much all you have to do to be a great manager." -- Jed Yueh, CEO of Delphix, as quoted in the New York Times Share:      Subscriber Tools Please contact one of our specialists for advertising opportunities, editorial inquiries, job placements, or any other questions. 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Prof Jorge Saguinsin

PROMOTING ENTREPRENEURALISM

+639228730181

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