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5 platforms to help you grow your innovative ideas.

Entrepreneurship is the skill needed for business owner to succeed of their business and the first entrepreneurial skill is innovation. Innovation management has been a hyped topic in the past decade and due to its value in bringing game-changing ideas and molding the way we do business. From getting ahead in your industry to utilizing the creativity of your work force, managing innovation is something to be aware of.

Innovation management is crucial if you wish to create something new and not just build another layer on the old until it looks like the leaning tower of Pisa. Innovative ideas remove repetitive tasks or save both money and time. Sometimes, implementing a new idea in a stable workplace is challenging, but it’s the role of the human resource administration to implement change management and support such innovative ideas, which help employees to simplify of their tasks by improving their working productivity.

1. Change promotional strategies

Actionable marketing is the only thing you need to promote your business overseas. In recently the older promotional strategies, that is, TV ads, hoarding and newspaper ads, door-to-door selling, and many more are the most outdated ones. But the online promotions, content marketing, social media promotions are the most trending and innovative ones.

The following are the benefits of lean promotional strategies such as; 

• Social media platforms such as LinkedIn, Twitter, Facebook, Instagra and many more are easy and free to access. You can post a promotional message to attract an audience. The following image shows, ROI provided by various social media platforms,
• The internet allows marketers to reach the global public and they can take benefits from the same.  
• The new promotional tactics are more cost-effective or time-saving ones. 
• Each online platform where you post the marketing ads is measurable. That means you can measure the goals and objectives after promoting ads. 
• Online platforms are helpful for the compelling conversations with potential clients.

2. Financial score

Financial and accounting management includes bookkeeping, salary or expense management, the record of financial statements, budgeting, product costing and other financial matters of the company. Innovative financial management divides all the stuff into three main categories; that is, treasury and capital budget management, capital structure management and working capital management for the ease of the employees. 

In additional, the accounting and finance department earlier used a manual method to calculate each financial matter for the company, which was a time-consuming tactic. In recently, they are using an automated web-based payroll solution, which simplifies the calculation and removes errors. Time and cost-saving are the extra benefits of such innovative technological methodologies.

3. Set congregate goals

Innovative main aims are visionary, simple to customize, easy to measure, and flexible enough to change when needed. In previous, seniors were not that serious about the short-term goals; they were just focused on the long-term objective, which was their biggest mistake. It’s quite natural that if you can’t accomplish the short-term objective, you may fail to achieve long-term aims.

There are following tips for setting innovative goals;                                

• Always consider the mission or vision statement of the company while making short-term and long-term goals. 
• First, define what innovation is to you. It might be a conversion for manual tasks into automated ones, changes in the reporting system, time management, record-keeping system, contract lifecycle management etc. Make a goal according to it.
• Analyze in previous, then decide what to do for a successful future. 
• If you are planning an innovative goal, then implement innovative activities to accomplish the pre-decided objective. 
• Reviewing and rechecking the innovative goal annually is essential to make any changes and update it if needed.

4. Improve selling skills

The following are many innovative ideas to improve the selling skill of the employees; 

• Effective communication is the only thing you need to focus on the delivering the training to the employees. The trainer's body language and his gestures and postures also are the things needed to convey effective selling skills.
• Make sure that the employees of the marketing department know A to Z about the product. 
• Solving consumer's queries and issues quickly is one of the parts of innovative selling techniques. 
• Negotiations with the consumer are part of communication skills, and having a good command of negotiation with the prospect of the business is also a thing we can consider into trending selling tactics. 
• They can use online chatbots for conversation purposes also. 
• Social selling is the most famous promotion tactic nowadays. You just need to make a business page on social media platforms like Facebook, LinkedIn, Twitter, Instagram, and more and post the ads to promote your products and services. Also, you can use a free online video editor to create promotional videos for your brand.

5. Motivate employees/teammates

Employee motivation is essential when we talk about increasing their productivity which also increases the profitability of the firm.

Check out the following innovative way to motivate the employees;

• Always keep in mind that do not assign them too many tasks and give them enough periods for submission. If you do so, they can’t focus on the single work that affects of their personal growth and profitability of the business. 
• Create a friendly environment for employees so that they smile while thinking about coming to work every morning when they wake up. 
• Do not forget that positive conversation is the key to motivate them. Thus, never use harsh words while communicating with them. 
• Always cheer them up and compensate them while they achieve their target. Monetary compensation or non-monetary one is up to you but rewarding them to motivate them. 
  Encouraging creativity in the working premises is another way to motivate them.
• Hostile competition in the working premises is prohibited, but friendly competition between employees increases their productivity by motivating them. 
• Focus on employees' personal growth and career growth is the simplest and most innovative way to motivate them.