Posts Tagged Under: innovation

5 Most Successful Types of Entrepreneurs and Personality Testing

Sorting through types of entrepreneurs is not something human resources get to do. Entrepreneurs, especially founders, often are the first employee. They set the tone and the future company culture. In effect, types of entrepreneurs translate into types of companies.
At the same time, hiring based on personality type is a big deal nowadays. More and more human resources managers include some sort of personality testing into hiring. Why? Because more and more organizations want to make sure they onboard the right candidate. Personality testing seems to be a safe way to ensure employees will fit in.
Yet, oftentimes the same results don’t apply to types of entrepreneurs. In fact, it appears that entrepreneurs that “make it” constantly change the paradigm for which personality type does what. Hence, let’s cover personality types for a bit, and then go into types of entrepreneurs.
5 Most Successful Types of Entrepreneurs and Personality Testing

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startup myths

Five Startup Myths Debunked So You’ll Become A Successful Entrepreneur

These days everyone wants to be an entrepreneur and launch a startup. It’s cool to be your own boss, wear the same clothes to work every day, have a ping-pong table in the fun room, and brainstorm with your team over pizza at 3 in the morning.
Still, there is a huge gap between the way people picture the startup life and the actual reality. In fact, the gap is so big, you can easily call it a chasm. Multiple factors have created it and continue to widen it every day:

  • The media that glorifies highly successful founders, yet says little about the rest of them, which in fact represents the majority
  • The pot full of gold that people dream of finding at the end of the rainbow, i.e. a startup turned unicorn
  • Blockbusters that make you want it even more

Let’s take all these urban legends out of the way, even if it’s just for a second. The picture is not so bright anymore, right?
Five Startup Myths Debunked for Successful Entrepreneurs

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Research Uncovers Strong Correlation Between Competition and Creativity

Photo by Randy Fath on Unsplash

Collaboration has some undeniable perks, from brainstorming to actually building upon an idea. But what about creating things that don’t require the input of an entire team? A logo, for instance. Can the rivalry between a bunch of designers racing to draw the best design for one paying company actually improve the outcome? As it turns out, it can. But only when the competition dial is turned to just the right level

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5 Truths About Innovation That Most of Us Get Wrong [Infographic]

Innovation and disruption are hotly debated topics. Many claim to know the secret formula, but few actually deliver. There are standard practices that put you on the right path – like promoting a relaxed environment and fostering communication – but setting in place more specific processes will cause your mileage to vary.

However, innovation experts have nailed at least five truths about innovation that most of us get wrong, but at the same time they are supposedly easy to get right. This infographic won’t be enough to do the trick, but as said a few lines earlier, it’s general rules like these that put business leaders on the right path, while the rest gets figured out on the go. I won’t spoil your fun by repeating what the infographic conveys, but I would like to steal you one more minute to discuss

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The Secret Sauce of Innovation Is Not So Secret

Photo by Riala on Pixabay

Innovation doesn’t grow on trees, granted. But it’s not that impossible to achieve either. Most people believe it takes genius, luck, and and huge capital investments. Actually, it’s much simpler than that.

Professors Chen Chen and Yangyang Chen of Monash University, along with Edward J. Podolski with La Trobe University have conducted a joint study to determine how employee treatment leads to corporate innovative success. Their findings, hardly surprising, confirm the often-ignored importance of morale in the workplace, a matter we consider paramount here at 4PSA

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All Companies Want to Innovate (As Long As They Don’t Have To Change)

Photo by Kristopher Roller on Unsplash

Not too long ago, disruption was something found solely on the agenda of big enterprises. In recent times, small businesses have begun to exercise innovation as a way to stand out from the crowd. According to the 2015 State of Global Innovation report by Imaginatik, almost every company in every industry has put innovation at the top of their to-do list. However, not all of them can cope with the implications.

The service innovation company conducted the study with the goal of assessing just how disruptive today’s mid- and large-sized organizations have become. The surveyed industries, (with the percentage of companies polled in that field of work) include

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Need Innovation? Foster Curiosity First

9 out of 10 workers acknowledge that it’s the curious person in the office that will most likely bring ideas and get promoted. But only 22% of workers describe themselves as curious, and only 12% say their employers are encouraging a strong desire to know or learn something. No wonder innovation doesn’t grow on trees!

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Nielsen: Innovation Has Nothing to Do With Genius

Does your “innovative” product offer consumers something that performs tasks where all currently available solutions are lackluster, or nonexistent altogether? According to information and measurement company Nielsen, this is the right question to ask when discussing innovation, and its very foundations – “when consumers discover these products, they pull them into their lives again and again.”

Nielsen’s latest Breakthrough Innovation Report focuses on China, where 15 products (out of 24,654) are said to meet the requirements to earn the title of Breakthrough Product. Examples include the

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How to Reinvent Your Company [Infographic]

If your company lacks sustained growth, then it most certainly lacks innovation as well. Maintaining a steady climb requires continual recreation of your company through innovation, according to Prof. Jeff DeGraff.

This infographic created by DeGraff illustrates a “creativization” path that involves setting high quality targets, enlisting deep and diverse domain expertise, taking multiple shots on important goals until you nail them, and experimentation. Creativizing means adding little bits of innovation to ordinary tasks, which translates into a radically different way of running the business

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