Posts tagged as:

Innovation

Artists and Entrepreneurs

by Daria Steigman on April 14, 2011

Artists and Entrepreneurs, Innovation, Independent Thinking, Steigman Communications llcShould business schools teach the arts?

Consider this, from an article in The Economist:

“Studying the arts can help business people communicate more eloquently. Most bosses spend a huge amount of time “messaging” and “reaching out.” yet few are good at it… Many of the world’s most successful businesses are triumphs of storytelling more than anything else. Marlboro and Jack Daniel’s have tapped into the myth of the frontier. Ben & Jerry’s wraps itself in the tie-dyed robes of the counter-culture. But business schools devote far more energy to teaching people how to produce and position their products rather that how to infuse them with meaning.”

The article also talks about managing creative people, art and innovation, and the fact that many artists are terrific entrepreneurs. Good food for thought.

Photo by Stefan Kloo (Flickr).

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5 Steps to Pivot Your Business for Growth

by Daria Steigman on March 22, 2011

Entrepreneurship, Innovation, Independent Thinking, Steigman CommunicationsIn Energize Growth Now, author Lisa Nirell discusses five stages of growth (startup, growth, advanced growth, plateau, and decline) and the challenges entrepreneurs face as they move from one stage to the next. The book aims to help founders and other CEOs identify where their businesses stand today and what strategies they will need to successfully pivot to more growth–rather than to slowly descend into decline.

Companies facing a plateau have two choices: (1) address and fix the roadblocks to growth, or (2) avoid the problem and threaten their long-term potential. Nirell calls the process of pivoting to advanced growth “scaling the second brick wall,” and identifies five areas of focus:

  1. Repositioning
  2. Developing solid distribution and referral networks
  3. Defining and strengthening the company’s functionality
  4. Expanding capabilities
  5. Building a succession strategy

Read the details and my complete book review here.

Bonus Reading: My latest Workshifting.com post is out. The topic is Workshifting from the ICU, and it’s about the challenges of workshifting during a crisis. Plus it asks: Where’s the craziest place you’ve worked from lately?

*Disclosure: I received a free copy of Energize Growth Now in exchange for agreeing to review it–but without any restrictions on what I might say.

Photo by Christopher Sessums (Flickr).

Have you signed up to receive the Independent Thinking newsletter? Now’s the time! Once a month I’ll send you exclusive, subscriber-only content highlighting interesting articles I’ve found, as well as tips on marketing, social media, and how to grow your business. Sign up today!

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Business, Social Media, Independent Thinking, Steigman CommunicationsSocial business is a big topic of conversation these days. And there’s no question that companies that are able to pivot their operations to respond to both challenges and opportunities in real-time are ahead of the game. But how do you get there?

Jay Baer and Amber Naslund, co-authors of The NOW Revolution,* have written a book that answers this question. In it, they talk about organizational structures and employee skill sets as well as how to listen, respond, and measure your results.

This isn’t easy stuff, but it is essential. The authors note that “passion is the gasoline of social media and the Now Revolution, and you can’t fake passion over the long haul.” In other words, you have to walk the walk and do the work.

The book walks through seven key shifts that businesses need to make:

  1. Building a corporate culture that strips away silos, is inclusive, and has the right mindset for the Now Revolution. (There’s even a “Culture Quiz” to help you assess your own company’s culture.)
  2. Hiring people you trust. (The authors recommend that companies “Hire for culture. Train for skills.”)
  3. Restructuring to address the reality that social media happens across an organization. (In addition to looking at the types of positions companies need to have in place, the authors also talk about social media guidelines and training.)
  4. Putting in place a listening program. (The authors point out that “listening in social media is like answering phone calls, just in a new medium.”)
  5. Responding effectively, including strategies for engaging effectively with your customers and other key audiences. There’s even a section on how companies can use this engagement to leverage what the authors call “the opportunity economy.”
  6. Engaging in real-time crisis management.
  7. Measuring what’s working and what’s not.

The NOW Revolution might not be the definitive, only-way-to-do-it guide, but it is a terrific book for entrepreneurs and other business owners seeking to infuse a social component across their business landscape. And it’s sprinkled with tools to help you get started and case studies that show it can be done. Whether you’re a startup entrepreneur or a multinational corporation, this is a business book that offers actionable information.

Want to Win a Free, Signed Copy of The NOW Revolution?
The authors have graciously provided me with a copy of The NOW Revolution to give away to one lucky reader. To enter to win, leave a comment either below or over at Overdrive about what your company is doing today to make your business more social. Let’s share some best practices! The best answer (as judged by me) wins a copy of The NOW Revolution.

*Disclosure: I received a free copy of the book in exchange for agreeing to review it, but without any restrictions on what I might say.

Have you signed up to receive the Independent Thinking newsletter? Now’s the time! Once a month I’ll send you exclusive, subscriber-only content highlighting interesting articles I’ve found, as well as tips on marketing, social media, and how to grow your business. Sign up today!

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Jumpstarting Your Workshifting Day

by Daria Steigman on January 13, 2011

Macrowikinomics, Entrepreneurship, Business, Workshifting | Independent Thinking | Steigman Communications, llcPeople seem to envy those of us who don’t work out of corporate offices because we get to set our hours and select our work settings. But what often gets lost is that we, too, have to have a routine. Otherwise, how would we ever get anything done?

My latest post for Workshifting.com discusses four tips (including dealing with distractions and tackling tough tasks) for jumpstarting your day. Check it out, and add your two cents in the comments.

Bonus Reading: My review of Macrowikinomics is now up on the Entrepreneurs’ Organization blog. A quick excerpt:

Macrowikinomics is that rare business book that’s big, meaty, and worth pouring over. The authors point out that “small companies can have many of the same capabilities as large companies without the main liabilities—bureaucracy, legacy cultures, antiquated systems, and old ways of working… As more small firms exploit the Web for new resources, they can gain unprecedented access to global markets previously enjoyed by only the largest corporations.”

My bottom line: Macrowikinomics is a book about innovation and a must-read for entrepreneurs. The complete book review is here.

Photo by Charles Williams (Flickr).

Have you signed up to receive the Independent Thinking newsletter? Now’s the time! Once a month I’ll send you exclusive, subscriber-only content highlighting interesting articles I’ve found, as well as tips on marketing, social media, and how to grow your business. Sign up today!

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Is 2011 the Year the Workforce Grows Up?

by Daria Steigman on January 11, 2011

Business, Marketing, Branding, 2011 Trends | Independent Thinking | Steigman Communications, llcOver at Small Business Labs, Steve King set out his top 10 business trends for 2011. At number 9: “Freelancers Realize They’re Small Business Owners.” King identifies two categories of contingent workers: those embracing freelancing and those stuck with it because of a lack of full-time job options. He writes:

Both groups will increasingly see themselves as long-term freelancers and realize to be successful they will need to view themselves as small business owners. [Emphasis mine.] This shift in thinking will improve their businesses and result in a stronger, more successful freelance community.

I agree completely with King’s premise. To succeed in business, you have to have a business mind. That falls right into my definition of Independent Thinking, which says in part that “to venture out on your own, you have to be great at your core business and savvy enough to manage everything else.”

But I think his conclusion is wrong.

It’s just not that easy to be a business owner, much less an entrepreneur. You have to understand that it is about more than just picking up projects or handing out business cards at a networking event. It’s about managing clients, marketing, branding, budgeting, forecasting, innovating, learning, business development–and getting the paying work done.

And you have to really want it.

I’ve seen some freelancers be very successful freelancers. Some independent contractors try to be business people and fail miserably. Some business people try business ownership and be completely lost. Looking at the landscape of the unemployed, it’s rare that I meet people who get how to pivot to small business ownership.

Are there some? Sure. But a trend? I’m not seeing signs of it.

Photo by Obliot (Flickr).

Have you signed up to receive the Independent Thinking newsletter? Now’s the time! Once a month I’ll send you exclusive, subscriber-only content highlighting interesting articles I’ve found, as well as tips on marketing, social media, and how to grow your business. Sign up today!

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