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2024-03-13 10:37:32

Futurist Jim Carroll on Nostr: "World class innovators continually reinvent their revenue- Futurist Jim Carroll ...

"World class innovators continually reinvent their revenue- Futurist Jim Carroll

Futurist Jim Carroll is running his Daily Inspiration series for the weeks of March 11/18 on the theme of "What is it that World Class Innovators Do That Others Don't Do?" The leadership ideas are based on an original keynote he gave early in 2009 after a client asked him to identify these issues. He developed this carefully curated list based on 15 years of observations of how his global clients responded to fast-paced change. The concept worked it's way into a 2010 video project that he undertook for Deloitte - and these posts will share relevant content from that video project when applicable.

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World class innovators don't stand still - they continually reinvent their structure, skills base, culture, and concepts. They are also aware that they must continually reinvent their products and services, knowing that their ability to come up with new sources of revenue will be fundamental to their future success.

They do this by following three fundamental ideas.

They pursue the concept of 'chameleon revenue.' They quickly change their lineup, focusing on generating new forms of revenue from products or services that did not previously exist.

They are relentless in innovation. They achieve this through continuous, nonstop reinvention, knowing they need to keep their "pipeline' of potential new revenue sources full of new ideas.

They master 'fast time to market.' Their culture is one of agility, flexibility, and the ability to quickly marshal critical resources to get these new revenue sources to market quickly!

That's the second item on my list of 10 things that world-class innovators do that others don't do.

Reinvent like your life depends on it.

Because it does!

Original post: https://jimcarroll.com/2024/03/daily-inspiration-mastering-innovation-world-class-innovators-continually-reinvent-their-revenue/

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