Taking Stock of Business Leaders’ Brexit Concerns — Your Input is Needed
As everyone grapples with what to make of the UK’s decision to leave the EU, we’re gathering the thoughts and insights of business leaders like you in an effort to make sense of it all. We’d like to know what you think the impact of Brexit will be on your business and your industry. In a tightly-knit global economy, fractures like this one are going to be felt more deeply – and by more people. So, what does this mean for your business? What will you need to know in the days ahead? Have a couple of minutes? Your specific vantage point could really provide some unique insights. The survey will close on. Read More.
North Carolina Initiative Targets Manufacturing Skills Gap
In a recent nationwide survey, over 80 percent of manufacturers said that the shortage of skilled workers impairs their business. To help close this “skills gap”, the North Carolina Chamber Foundation has become the certifying organization for the NC Works Certified Work Ready Communities initiative. The program seeks to align education and workforce at county levels, which will support the state’s manufacturing sector find workers with the skills necessary to help their companies thrive. Currently, there are 30 North Carolina counties either certified or working toward certification. Counties looking to apply for local certification are encouraged to download and complete. Read More.
What a Great Idea! Innovative Ideas Generated by the Public
Companies source innovative ideas from many different relationships and connections; however, sometimes it is the general public that can foster new ideas and help grow a business. This can be a cumbersome approach if not properly developed and organized, but can open up the innovation mix to the most unique ideas resulting in powerful innovations. In part five of the Forbes magazine series on types of innovation models, public innovation is highlighted as the last innovation option, mainly due to the complexity that comes with the scale and quantity of that type of source. According to the latest installment, “With public innovation. 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.