How to Become A 2018 World’s Most Innovative Company

innovation, fast company, business, tech
Image Source: FastCompany.com

 

Innovation is everywhere. So how do we cut through the clutter to name our annual Most Innovative Companies Top 50 and Top 10 industry lists?

Our team of dogged and dedicated reporters and editors spend months culling research on the world’s top companies. But this year—for the first time ever—you can submit your own organizationto become a 2018 Most Innovative Company.

Here’s how you can put together the best possible entry for our team of Most Innovative Companies editors. (And don’t forget to download our MIC special edition and how-to guide here).

  1. Identify Your Innovation Bucket
    Fast Company takes an expansive view of what constitutes innovation: Product innovation: We’re happy to celebrate a successful new entrant in the market that serves a previously unmet need, such as new lifesaving drugs from Gilead Sciences or Casper’s mattresses and bedding. Creative innovation: We gave the nod to the ad agency 72andSunny for breaking through the clutter with great work in a variety of media for clients ranging from Starbucks to Activision to Google. Sometimes, of course, an innovation hits several of these notes or belongs in a category we haven’t mentioned here. Business-model innovation: Warby Parker introduced try-before-you-buy to eyewear and has led the way in marrying real-world retail with e-commerce.
  2. Focus On A Project
    Tell us about a particular initiative. It’s not enough merely to state that your product or strategy is innovative. The key is to isolate the novelty in what you’re doing and delineate how and why it’s different from what’s come before.
  3. Be Concise, Yet Descriptive
    We are not accepting attachments of any kind, including presentation decks or visuals. The more detail you can provide in the space allotted, the greater the case can be made for your innovation. What makes you most excited when you think about what you’ve developed? Which of your features are your customers are buzzing about, either in communicating back to you or among themselves?
  4.  Share Your Completed Work
    If you’re an architecture firm, finished buildings will garner more attention than those in the planning stage. If you’re a pharmaceutical company, an FDA-approved drug matters more than a promising clinical trial. In-progress ideas will certainly be considered, but completing the work counts.
  5. Choose Your Strategic Weapon
    Technology is transforming every aspect of our world. How are you using it to get a leg up on competitors? Or perhaps good design is…Continue reading

Article source: https://www.fastcompany.com/40440722/how-to-become-a-2018-worlds-most-innovative-company

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You Don’t Do Marketing. You Live It.

Marketing, Creativity
CREDIT: Getty Images
And that means everything is a part of your campaign…

I talk to a lot of businesses that don’t know what they’re doing to market themselves. Actually, scratch that. I talk to a lot of businesses who can’t tell me what marketing is in the first place. To their minds, it has something to do with social media or videos or advertising or calling people to hiring more sales folks or writing blog posts but they’re just not entirely sure…

…and that’s why they’re blowing it.
It’s not that their marketing isn’t working, it’s that they don’t really understand what marketing is, or how it works, or why it works, or anything else. It’s pure chaos, and it’s pure failure just waiting to happen.

Here’s the key to this problem. Marketing and advertising are actually pretty easy concepts to understand. They’re any activity that puts your business in front of the people who pay your business money. It’s really that simple. When you speak to anyone in your target demographic about your business, you’re marketing it. When you write a blog post. Record a video. Change your…Continue reading

Article source: https://www.inc.com/jon-westenberg/marketing-is-any-activity-that-exposes-you-to-your-audience.html

Real Estate Innovation: Don’t Gamble On Circumventing Your Competition

Real-Estate-Gamble

Incremental or Disruptive? What innovative methods are better or more suitable for your firm? What measures of innovation have you applied to your real estate business to keep it relevant, and competitive?

Real estate is one of the remaining industries yet to be greatly affected by radical/disruptive innovation (disrupting and displacing established alliances, leading firms, methods or established services and products). However, get ready because that could be changing sooner than you think.

While many companies want decreased risks (who wouldn’t right?) do not be deceived by the lack of current aggressive innovative tactics that could leave you in the dust. Real estate is one of the most highly competitive industries in this country and your organization’s strategy is key to igniting robust development. Will you fight or circumvent your competition?

Firms that implement incremental innovation enhance or upgrade a little bit at a time. Incremental innovation is just a start to keep you from being caught completely off guard when radical innovation invades your industry. Align your forces and business culture to introduce something new and different. Don’t compete or fight for market share, but become the dominant player with radical innovation. Leadership and people cannot miss out on massive opportunities by doing nothing because nothing earth-shattering is happening yet.

 

4 Steps to Create a Lasting Brand Identity

Entrepreneur Magazine, Branding, Slogans
Image Source: entrepreneur.com
Jeffrey Hayzlett VIP CONTRIBUTOR Prime Time TV and Radio Show Host, Author, Speaker

We’re all familiar with slogans like “Just Do It,” “Live Más” (Spanish for “more”) and “Because You’re Worth It.” These slogans have become synonymous with the brands they represent, so it’s natural that small business owners would associate the notion of branding only with big corporations.

That couldn’t be further from the truth.

Related: 5 Tips for Building a Strong Brand Identity

Branding should be a priority for small business owners, as well, despite its being one of the most difficult things to tackle. According to the U.S. Bureau of Labor Statistics, half of small businesses close their doors within five years of launching. And one of the causes might be the perception that branding is too “difficult” for founders to dedicate time and brain power to.

At the risk of stating the obvious, this is a huge mistake.

Why is branding so important?

The answer is that it represents who you are and what your company is. It represents who you want to be and your core values and principles. The principles you set for your brand should be…Continue Reading

Article source: https://www.entrepreneur.com/article/293236?utm_source=Latest&utm_medium=site&utm_campaign=iScroll