How can you drive revenue and profit growth with innovation? That was the subject of keynote speaker, Ram Charan at the 2009 NFPA Annual Conference in Tucson. Some of the key take aways from his session were:
Keep the faith, keep the self confidence, but be realistic
Innovation is changing ideas into revenues
Ram gave a presentation that included an in-depth view of how to innovate. There are many steps to innovation that leads to revenue, margin, and differentiation. Just change for the sake of change is not good enough but innovation that leads to profit is what every company and organization needs.
Delegates to the Conference were treated to a copy of the book The Game Changer co-authored by Ram. He argues that innovation is the best, and quite probably the only, way to win in this world. Innovation is the job of everyone in a leadership position. In his presentation to the NFPA audience, Ram took a critical look at how innovation can transform any industry including the fluid power industry.
This was a very impressive presentation from a renowned business advisor, leadership expert, and best-selling author. It was an excellent conclusion to this year's annual conference. A great deal of good ideas and motivational thoughts were exchanged at this year's event.