Innovation in Your Business
Innovation is needed to progress in this world said the King. Oh you are so right my dear said the Queen; businesses should look around them and see if they can improve on something. Yes, that is ever so true I mean there is Sophia amongst us mortals -- said the King. Well, innovation is needed, and some businesses do that. Here is your opportunity to learn more about innovation said the king to the squire. The Squire replied: I'm ready to learn my King, I have my notebook handy and a pen to jot down all. Ok, let us go them.
Service Development Matrix
Product Development Matrix
The product development matrix created by Girlfridayz can help you innovate in your small business. The criteria of the matrix are simple to grasp and applied to any product development concept. Let us delve into each quadrant of the product development matrix and applied each of them to an innovative concept such as Elon Musk Electric car Tesla.
The video below explained the product development matrix to perfection. Listen to the presenter and you will recognise the matrix criteria shining through the video content — like all theories. Without understanding the intangible innovative strategic theory, you will not be able to bring your concept to life and start planning its development and more.
innovation and your business
Have you seen the product development matrix within the video demonstration of Elon Musk Tesla E-plane car aka the flying car concept one of his latest idea for the Tesla model car? The Tesla Electric Model car has improved since its first appearance on the market has an improvement on electric cars.
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The new Tesla changes the perception of the consumers because it is the first ever electric car to break the 400 miles (128.7476 km) barrier having a range of 400 miles on a 2 miles(3.21869 km) full charge. The benefit of using a Tesla is there is no need for fuel, hence an improvement to the environment.
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Elon Musk is quite serious about the development of the Tesla flying car and predicts that by 2023 we will see a Tesla flying E-plane car.
Product development visual concept of Tesla Electric car models range.
Elon Musk vision of the Tesla Flying car E-Plane
Prototype of The Tesla car
Partial design model concept.
All innovation starts with a purpose your why and Simon Sinek discovered its power and codified it. For your product development or service development, you need to know why you want to do what you do first then you can plan for it and use the 5W1H.
Elon Musk must have used Simon Sinek Why to come up with its Tesla car range model. Most of us don't start with Why we do something and businesses that do think differently all achieve massive success.
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Listen to Simon Sinek explaining his intangible innovative idea the "WHY Act, think & communicate from the inside out." Try to understand what Simon saying and apply its concept to your small business to gain massive success and increase profitability.