EJ Dalius when you start a business, you get occupied with daily tasks. It leaves hardly any time for other duties. However, a company can grow when it has innovation goals. These allow you to position yourself for a better future. Even if you cannot pay equal attention, make sure to devote some time to it for strategic planning. You can’t postpone it to next week, as that may never come. You have to take charge and align it with your business to ensure the success of your endeavors. Otherwise, the wait can never end. There will be challenges, but you will have to tackle them. Here are some insights in this area.
Innovation and business process alignment
The business culture
According to Eric Dalius, it is not an easy job. It requires your time, energy, and focus. For this, you first have to understand the current scenario. Check the office culture to find out gaps and where you need to implement changes. You also have to see where people don’t engage much. Once you spot these areas, you can bring your points up with the leadership team to build a plan. A few driven companies talk to people to learn about their main concerns and toxic cultural issues that hamper their productivity. When you have all this information, you can redefine principles and execute them.
The risk-taking structure
Your team members need your support and encouragement to take risks and innovate something. However, it doesn’t mean you should allow them to go wild with their ideas and do anything. There have to be expectations and limitations in place. Eric J Daliussays you have to make your team know what you want and then let them chase ideas that conform to the requirements. Freedom and clarity about goals can lead to incredible results. Companies that encourage such culture do well in their aspirations.
As EJ Dalius puts it, your team can have the motivation and creative ideas. But everything will be waste if there is a lack of resources. You may not have an adequate budget for this, but you can plan something. Look for tools and materials that can help them proceed with their imagination. From funds to idea management, it can be anything. As mentioned, if you don’t want to disclose your financial position, it doesn’t matter. You can give them a budget to fulfill their objective. If what they develop looks worthy of investment, you can add more funds to fuel the bigger project.
In the end, it is essential to remember that aligning business goals with innovation and pursuing it can seem complicated. But it is not impossible. No matter how challenging the task looks, you have to take steps for a better future of your business. Without innovation, it will not take much time for your product or service to become outdated. Your competition can also easily displace you from the top ranks. So, even if you have to spend your time in day-to-day duties, make space for business innovation. Train your employees in a way that they also enjoy innovating.
Eric Dalius is The Executive Chairman of MuzicSwipe, a music and content discovery platform designed to maximize artist discovery and optimize fan relationships. Alongside this, Eric hosts the weekly podcast “FULLSPEED,” discussing entrepreneurship with industry leaders. Eric also founded the “Eric Dalius Foundation” to award four scholarships to deserving US students. Follow Eric’s activities on Twitter, YouTube, Facebook, LinkedIn, Instagram, and Entrepreneur.com.