tesco

Can Too Much Innovation Depress Sales? Tesco Says Yes

More old news from the realm of over-innovation: Tesco is blaming it for depressing sales. The giant, but troubled, British supermarket chain is to jettison almost one-third of its immense product line to reduce customer confusion and increase profitability, The Guardian newspaper reports. The retailer takes in one of every seven pounds spent in the…

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Innovation Impatience In the Here & Now

Don’t let your impatience to innovate the future blind you to the present. “Attending to the present pays dividends in two crucial ways,” says says Dr. Jeanne Liedtka, a professor at the Darden Graduate School of Business at the University of Virginia. “First, it helps broaden, and perhaps even change completely, our definition of the…

data breaches in 2014 in US

Infographic: Data Breaches in the US in 2014

There was good news and bad news when it came to data breaches in America last year. The bad news: The number of breaches was up 27.5% over 2013. The good news is that the amount of data involved was down 7.1%. The figures come courtesy of 27001 Academy, an online center specializing in ISO…

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How to Quit & 6 Other Tips for Entrepreneurs

Seán O’Riordan had a steady job in a Big Four accounting firm. It looked reliable and recession-proof. What’s more, he came from a family with a high regard for such jobs. So, he was a little nervous at the thought of telling them he wanted to chuck it all in for the uncertainty of a…

IBM_7090_computer

You Cannot Shrink Your Way to Growth

We all know what a failing business looks like. The atomosphere is gone, the place looks scruffy and employees look deflated. IBM has a long and storied existence. But is it a failing business? Following earnings results this week, some media are raising the alarm. Revenues were $92.8 billion in 2013, but are down for…

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Get Ready to Waste Time & 9 Other Tips for Entrepreneurs

It’s the entrepreneur’s routine affliction. They start out with a brilliant idea and start building it. Then, reality intervenes and they find the final product is nothing like they envisioned. There are usually four steps to getting it right, said Manoj Chawla. You start by doing the wrong thing the wrong way. Then you do…

Ezekiel's vision

200-Year-Old Newspaper Acts Like Tech Whippersnapper

Angelina Jolie had some bad news to share in May 2013 when she told the world about her double mastectomy. Jolie spoke about her condition in an article called “My Medical Choice” in the New York Times. But if you Google “Angelina Jolie double mastectomy,” the Times’ article does not show up in the first…

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2 Tips to Attract the Customer’s Attention

At the turn of the last century, it was taboo to talk about stinky armpits. It just wasn’t done in polite society. You stuck cotton wool or pads under your oxter, soaked up the sweat and said no more about it. There was no deodorant and, besides, it would have been tough to sell it…

Nicky Kelly, CEO & founder SurfHolidays.com

What Doesn’t Kill You Only Makes You a Better Entrepreneur

Many people dream of turning their passion into their jobs while many entrepreneurs dream of turning solutions in to businesses. Nicky Kelly did both. Founder and CEO of SurfHolidays.com, Kelly has navigated a series of near-fatal blows in his move from a part-time business/hobby to one ready for investment and world domination. SurfHolidays now has…

innochat

The Business Value of Innovation

In a series of recent posts, I looked at how IT can position itself inside an organization to drive innovation. Implicit in those posts was the assumption that innovation is beneficial to the business. But how do you measure that? 4 Steps from Boring Service to IT Innovation  IT: A Quick Sanity Check Before Becoming…