Three Ways to Deliver Value Through Innovation
Entrepreneurs mostly ask how innovation can bring value to their customers. If you’re one of the entrepreneurs asking about how innovation can give you an edge in the marketplace, then continue reading.
Innovation is a common word but only a few understand its importance. To start right, what do you understand about innovation? Well, according to Oxford Dictionary, Innovation is a new method, idea, product, etc.
So how can you give value through innovation? Let’s dive in!
1. Be better than yesterday - What can you do today to make your products and services better than it was yesterday? Are you giving the best quality of your products/services? Don’t be too busy with the profits aspect of your business and forget that you owe your customers the best always. Also, note that quality is what your customers say it is, not what you think it should be. Be faster in the delivery of value because your competitors are also trying to get the attention of your customers.
2. Serve well! - The phrase that says “what is worth doing is worth doing well” is completely true. How do you engage with your customers offline and online? You can’t render value in products/services and be lacking in customers relations. It is not only your products and services that can keep a client, your friendliness and helpfulness can also do the magic.
3. Employee relations is key - In becoming innovative, do not forget that your employees are also key to the growth of your organization. Listen to your employees and ask them for feedback regarding how you can serve your customers better. Nudge them to be open and give them room to be efficient. You will be surprised about how they can give invaluable insights and they will feel more appreciated when you listen.
As an entrepreneur, you need to constantly aim to stand out and consistently give value to your consumers because that is what gives any business an edge in this highly competitive market.
Innovation doesn’t have to be groundbreaking. Start simple and ensure you’re better than you were yesterday.
See you at the top, Greatness!