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While growth is the number one priority for most CEOs, roughly 90 percent of companies fail
in sustaining growth over the long term. For many companies, growth is driven by Mergers & Acquisitions.
Yet, it's been discovered that most M&A efforts not only fail to enhance growth, some actually erode
shareholder value.
The other primary method for promoting growth is generally known as "organic" growth. Organic growth
encompasses a variety of methods companies use to enhance revenue including new products and services
and increased customer satisfaction.
Like M&A, organic growth doesn't have a very impressive track record. In fact, approximately 75 percent
of new products introduced by established companies fail. And, although it's more difficult to quantify,
many companies are today struggling with the concept of innovation - what it means to them and how exactly it
contributes to their growth.
| "Long Range Planning
does
not deal with
future decisions,
but with the future of
present decisions."
--Peter Drucker
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Reducing Innovation Risk
Historically, managers tasked with driving growth through innovation have faced a
risky and unpredictable road. At Breakthrough Management Group International, we believe this is
because the critical variables that impact growth, innovation and the creation of
new market space have not been previously articulated. However, enough data is now
available to draw viable conclusions about how to successfully accelerate growth through
innovation, as well as how to mitigate the risk associated with unstructured innovation.
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By leveraging the keys to innovation, corporations can sustain growth through an approach
that is repeatable, predictable and scaleable. Such an approach is accomplished through the
development of a balanced innovation portfolio, high-performing teams and a climate for innovation.
Also required is a process for innovation projects and a variety of innovation techniques and tools
that have been proven to help companies realize results from innovation.
Innovation and Total Performance Excellence
Successful companies must not only manage and improve present performance, they must
also create the future. BMGI's Total Performance Excellence approach helps organizations
excel at both through a combination of systems such as Lean Six Sigma, Change Leadership,
Design and Innovation.
While methodologies such as Lean Six Sigma seek to solve problems within existing processes
using data and analysis, Innovation strives to solve problems using "out of the box" thinking
and a more flexible approach. Applying both systems within a Total Performance Excellence
context enables companies to optimize current performance and plan for future growth and success. |
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TRIZ
When the whole or parts of an organization are called to innovate - to make
discontinuous change - a methodology called TRIZ comes into play.
TRIZ is a Russian acronym, the words of which, when translated into English, mean the "theory of inventive problem solving."
At the corporate level, TRIZ is an engine for rational, structured and historically
proven idea generation, the DNA of Strategic Thinking.
Click here for more
information on how guided innovation through TRIZ may benefit your organization.
Want to learn more about Innovation?
BMGI's innovation team will work with you to design an innovation approach that
will drive growth for your organization. To speak with one of our experts, call 1-800-467-4462. |