Kevin Minne
  • Home
  • About Kevin
  • Services
    • Innovation Consulting
    • Selling Labor to the Workforce trailer
    • Innovation Game Changer & the Habit Link trailer
    • Market War, Competition or Conflict?
    • Keynote Speaker
    • Seminars & Workshops
    • Innovation Team Tips
  • Testimonials
    • Workshop testimonials
  • Blog
  • Contact

Brexit, What it Means for Your Business

7/1/2016

0 Comments

 
Picture
It's hard to read anything about finance or international politics without bumping into the British exit from the European Union.  Contrary to what some believed it certainly did have an immediate impact on financial markets and very likely will continue to have an impact long term.   It may even have ignited a trend in the EU and elsewhere.  Even though it might seem far away and irrelevant to your business (after all it's just international politics and global finance) it's not, and there might be valuable lessons for innovators. 
    The Big lesson is that bigger is not always better, as unelected officials made decisions from a distance it seems that they lost touch with their real customer, the British people!   The citizens wanted a government that was more responsive to their input and to have a bigger voice in how they were governed.  In other words, they wanted more product features that met their specific needs.  In government as with business one size rarely fits all.  Eliminating service options might be more efficient and cost effective but it may also cause us to underserve or lose key customers, since the one size product offering often doesn’t fit anyone very well.  We can see this tendency in numerous industries and maybe none are more noticeable than banking.  Studies have shown that small banks are far more effective at meeting niche needs than big, yet we have seen a massive consolidation of banks to where now there are just a few who get labeled “too big to fail”.  This move is not about safer banking or serving the customer better.  Tom Peters, the author of “the Pursuit of Wow” once said, big isn’t always bad, it’s just highly suspect.  
    Toyota fights big by acting small, they work extremely hard to increase manufacturing capabilities so they can offer more product features without losing efficiencies in order to satisfy more specific customer needs.  The closer we get to customers the more detail we will see and understand about their needs and that is what enables, nimble adaptation and innovation.  Stay close to your people (customers and employees) so they won’t vote a Brexit on you! 


By: Kevin Minne
InnovationGrowthSystems.com
720-354-0291

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

      Join Kevin's Blog list.

    Submit

    Archives

    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    July 2013

    Categories

    All
    Business Habits
    Change & Innovation
    Energy Funding
    Innovation
    Innovation Launch
    Marketing
    Measuring & Rewards
    People Innovation
    Process Innovation
    Product Innovation
    Profit Innovation
    Strategy Innovation
    Thinking Skills


    RSS Feed

    Join Kevin's Email List

Submit
Picture

Coming Soon!  Kevin's New Book: "The Quest For Innovation".

Picture
Building blocks for uncovering the hidden opportunities for  business growth and performance.  
  • If you ever wanted more than the daily work routine out of your job or business.  
  • If you have had a measure of success but still feel like you are falling behind personally, professionally or financially. 
  • If you ever wanted to push your business or profession to new levels of significance.
Then this book will provide tools to unlock the hidden explorer in you so you can discover and conquer new worlds of opportunity.


Website Design by Infront Webworks
Website by Infront Webworks
Photos used under Creative Commons from PhoenixREGuy, Karin paz, The National Guard, Masa Sakano, Charles & Hudson, susivinh, www.audio-luci-store.it, koka_sexton, kencf0618, TechStage, Regionaal Archief Alkmaar, Dr. Propaganda, FolsomNatural, BioPartner, Claire Backhouse, maximeraphael, rkelland, lwpkommunikacio, Armchair Aviator, Dell's Official Flickr Page, cliff1066™, Celestine Chua, drmama, Kyle Taylor, Dream It. Do It., gerrybuckel, torbakhopper, photosbyChloeMuro, Adrian Fallace Design & Photography, Mozilla India, C. VanHook Images (vanhookc), ** RCB **, vhines200, hardcorekancil, bangkoi, visualpun.ch, Lara Cores, wetwebwork, snigl3t, Gunnshots, symphony of love, jurvetson, Meathead Movers, Kitmondo.com, permanently scatterbrained, wackybadger, artispu, |M| Фотомистецтво, One Way Stock, Bill David Brooks, Vu's Photostream, Scootie, out of ideas, Marc_Smith, _rickola, pppspics, vxla, timsackton, Furryscaly, Tekniska museet, mliu92, Alameda County Community Food Bank, Gustavo Devito, New Deal Lions Sports and then some, nickmix011, fostercriff, army.arch, .thana✌, irina slutsky, jennie-o, paulswansen, PhoenixREGuy, Orange County Archives, @sage_solar, Abode of Chaos, CommScope, Mario Behling, michael.heiss, COR_Wheels, dcysurfer / Dave Young, Nanagyei, Celestine Chua, Filter Collective, wobble-san, justin.x.hunter, pedrosek, faul, DonkeyHotey, markomni, vancouverfilmschool, edmondson photo, philwirks, Cait_Stewart, @wewon31 #365, pburka, tedeytan, Taylor.McBride™, wwarby, symphony of love, rvcroffi, Hello Turkey Toe, matsuyuki, Robert Scoble, JeepersMedia, andyarthur, watts_photos, Gerry Dincher, faul, ST33VO, ChristophLacroix, Tim Evanson, JessicaSarahS, EvelynGiggles, JohnWCoke, c_ambler, ▓▒░ TORLEY ░▒▓, Fauxlaroid, Graffio!, woodleywonderworks, NiePhotography, Andy Hay, Photographing Travis, Neil T, a.drian, eflon, erika g., Naoki Ishii, JLaw45, Janitors, Dr.Farouk, Lee Cannon, Tony Webster, The Bay Area Bias, frankieleon, amsfrank, VFS Digital Design, Pistols Drawn, rolled_trousers, cambridgebayweather, Novafly