There are strategic planning tools for pretty much any objective a business executive can conceive of. However, for managers and entrepreneurs wishing to innovate their business model, it can be challenging making the leap from conventional thinking to the sort of creative but realistic thinking from which the next generation of sustainable profits can develop.

Knowing the types of tools you can use for various kinds of business strategy tasks can you get far more innovative results from your strategy development sessions while cutting the time it takes to arrive at good business models.

Tools for Mapping and Dominating Uncontested Market Spaces

1. Strategy Canvas

The Strategy Canvas is a tool first introduced in the book, “Blue Ocean Strategy” by W. Chan Kim and Renee Mauborgne. It is a chart that plots the positions of business competitors relative to the factors important to the customer marketplace. The horizontal axis plots … Read more

Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.

There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas.

There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted.

The harsh facts of life for all innovators

a) Your opinion doesn’t matter. The end user’s does.

b) People will resist change unless they see a significant benefit.

c) If the innovation failed, then you made the wrong assumptions.… Read more

Hydrogen Fuel Conversion kits are more and more popular so obviously people are wondering if these are all just a big scam. Well being the owner of a car that uses a hydrogen fuel conversion kit for about 4 months now I can clearly state that it’s not a scam, and that indeed it delivers. My car is now 60% more fuel efficient, meaning I more then doubled my mileage.

So let’s look at how it works: A hydrogen fuel conversion kits uses electricity from your car’s battery to separate water into a gas known as HHO. This burns effectively and supplies significant energy. HHO has the atomic power of hydrogen but…it maintains the stability of water. This means the entire process is very safe and very effective at the same time.

So let’s look at the benefits: Any hydrogen fuel conversion kit is guaranteed to increase your mileage by … Read more