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NC Tech Awards Nominations Due Friday, August 14th

Reminder! Nominations are currently being accepted for the North Carolina Technology Association’s (“NCTA”) 20th annual NC Tech Awards. Featuring Cherry Bekaert as this year’s Title Sponsor, North Carolina’s largest awards program recognizes excellence in leadership and innovation within the technology industry. Known as “The Beacons,” the awards are separated into three categories: Technology Corporate Awards Use of Technology Individual Applicants can nominate an organization or individual that has made significant contributions to the tech sector, as well as their own company for consideration in one or multiple categories. NCTA membership is not required for nomination and non-tech companies are free. Read More.

When Competitors Become Sources of Innovation

As the saying goes, “If you can’t beat them, join them.” Well, this could be very true when it comes to innovation. In today’s business environment, competitor alliances seem to be in vogue and are a way for companies to lessen their risk and reduce costs. In part four of the Forbes magazine series on types of innovation models, competitor innovation is considered “coopetition” and should be considered a component in the innovation process. Several examples are mentioned to highlight the value these strategic alliances have brought to fierce competitors such as Ford and General Motors, and Boeing and Lockheed Martin. Without. Read More.

Collaborate to Innovate

Creating strong relationships with partners and suppliers is an important part of what makes a company successful in its innovation efforts. The key to keeping those strong relationships is when information flows freely, trust is established and loyalty remains intact. Part three of the Forbes magazine series on types of innovation models, partner/supplier innovation , is thought of as a necessity to be successful in today’s environment. Not only is it just a partnership, but the sharing of data information is key to the success. The article highlights partnership examples such as Walmart sharing inventory data and store level sales with P&G. Read More.

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Making the Customer Part of the Innovation Process

The customer is crucial to the success of any business and should be considered an important resource when it comes to innovation. In part two of the Forbes magazine series on types of innovation models, customer innovation is considered a vital part of the process. Setting up processes to receive customer ideas, comments and feedback and having a platform with those who interact with your brand on a daily basis is the first step. The article mentions Starbucks and FedEx as two examples of companies that have implemented many ideas that came directly from customers. Without this interaction, these companies may have. Read More.

Why Innovation Should be Top Priority

As companies are pushed to become more efficient and effective, innovation is becoming a necessity as opposed to an option. Although every company will have different priorities and issues to handle and manage, those that fail to innovate may jeopardize their competitiveness, put retention of key talent at risk and limit growth opportunities. Innovation should be part of a company’s strategy and business plan. This will allow a business to uncover growth opportunities, anticipate customer needs, prepare for future trends, and position it for long-term success. Forbes magazine has initiated a six-part series on the five types of innovation models. Read More.

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NCTA Accepting Nominations for 2015 NC Tech Awards

Nominations are currently being accepted for the North Carolina Technology Association’s (“NCTA”) 20th annual NC Tech Awards. Featuring Cherry Bekaert as this year’s Title Sponsor, North Carolina’s largest awards program recognizes excellence in leadership and innovation within the technology industry. Known as “The Beacons,” the awards are separated into three categories: Technology Corporate Awards Use of Technology Individual Applicants can nominate an organization or individual that has made significant contributions to the tech sector, as well as their own company for consideration in one or multiple categories. NCTA membership is not required for nomination and non-tech companies are free to. Read More.