All successful leaders know that innovation is one of the key foundations of business growth. However, as companies grow, their structures and processes very often evolve in ways that actually impede innovation.

That’s why Simon Brightman, Director, Product Management at the highly-regarded loyalty leader Points.com, is so very passionate about implementing practices that nurture fast, accurate and game-changing innovation.

In BusinessCast episode #209, Simon answers the four questions that leaders of companies, at all stages of development, struggle to answer:

• What makes a really innovative product?
• What makes companies successful at creating innovative and timely products?
• What do innovative companies do that is truly unique?
• How can companies structure themselves to enable innovation?

In addition to providing some very practical advice, Simon talks about how LinkedIn and ING DIRECT have consistently been able to develop exciting, timely products that are enthusiastically embraced by their target markets.

Listen to our discussion with Simon and get the inside scoop on a process that will help ensure that your business is structured for innovation and on-going success.

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If you’re like most business leaders, the topic of succession stirs up mixed emotions. On the one hand, succession provides great new opportunities. On the other hand, the thoughts that run through your mind about succession processes are anything but positive.

Because making successful succession transitions has an impact on so many North American businesses and so many stakeholders within a business, Robert and I have interviewed several key experts — getting the answers to the most important, most frequently asked and most painful succession questions.

Recently, for BusinessCast #198, we sat down with Sean Graham who shares key legal insights to help you avoid succession train wrecks. We’ve also gathered critical lessons from succession thought-leaders that span all industries and disciplines, including:

• Thomas Deans, best-selling author of “Every Family’s Business” (BusinessCast 117)
  
• David Simpson, Executive Director of the Business Families Centre (Ivey School of Business) (BusinessCast 191)
  
• John Geddes, one of Canada’s recognized succession gurus (BusinessCast 110)
  

Together, these four BusinessCast episodes help you better plan for, go through and successfully emerge from business successions regardless of your role in the process.

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Robert and I have interviewed hundreds of wildly successful business leaders. In so doing, we have identified many wonderful stories and some surprising ironies. Case in point: using customer input. The truth is that every successful business leader has, during phases of rapid growth, effectively tapped into the mindset of their key customers and turned that knowledge into well-targeted, relevant and innovative products/services.

But, — and here is the irony — once companies get to a certain size, age or complexity— that customer insight, which was at the very core of the business success, isn’t actively pursued anymore. The result of being disconnected from customers isn’t too surprising: less innovation, longer sales cycles and eroding customer service. And, of course, the business consequences quickly follow including: higher customer acquisition costs, loss of ground to competitors and the loss of the most important employees.

That’s why for BusinessCast #180, we sat down with Fuse Marketing Group’s Director of Digital Strategy, Jeff Pontes. Jeff and his team help companies map out practical ways of harnessing customer input to ensure on-going product/service (and process) innovation. Jeff helps work through thorny issues such as:

• What kind of products/services lend themselves to integrating customer input
• Where in the product/service development cycle customer input should be used
• What aspect of product/service development should use customer input

Jeff also shares key insights about how to leverage social media tools to target, gather and integrate customer input.

Listen to BusinessCast #180 and you’ll get tips to help you stay connected with the true source of your on-going business success: your customers.

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If you’re like most entrepreneurs, your focus on achieving growth probably is on acquiring new customers/clients. And, while that is certainly an essential path to success, there is one path that is often overlooked: establishing strong strategic alliances. Using this method wisely can yield exponential growth as well as a host of other benefits including: product/service innovation, increased profile and expanded networks.

That’s why for BusinessCast #178 Robert and I sat down with Hadley Archer, the “architect” behind establishing, sustaining and growing strategic alliances for the World Wildlife Fund (WWF-Canada) — an organization that has systematically leveraged these kinds of special relationships with outstanding success.

In BusinessCast #178, Hadley succinctly addresses the following questions:

• How do you know if/when establishing strategic alliances is a good strategy?
• Where do you start in establishing the right strategic alliances?
• What are the key measures of success for strategic alliances?
• Who in a company should establish and sustain strategic alliances?

If you are looking for new ways to achieve growth, make sure you listen to Hadley’s insights found in BusinessCast #178.

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Whether you’re new to managing a business or are an old hand at using management tools, practices and literature, there is no doubt that you’ve been touched one way or another by the writings and insights of management/leadership guru, Dr. Henry Mintzberg. For over 40 years, Mintzberg has been the Canadian business thought-leader.

With 15 internationally acclaimed inventive and practical business books to his credit, Dr. Mintzberg has added a new title to his repertoire — and, it just may make him a household name on the scale of Malcolm Gladwell (The Tipping Point), Jim Collins (Good to Great) and Tom Peters (In Search of Excellence). The new book, entitled,  “Management? It’s Not What You Think!” is written for today’s busy manager/leader — in that its structure, content and language reads more like a series of provocative and insightful blog articles than a lengthy academic tome.

For BusinessCast #170, Robert and I sat down with Henry Mintzberg to talk about his new co-authored book, some of his previous best selling books, and to get his insights into today’s most critical management/leadership issues. We were surprised with his take on some of the challenges central to the success of all managers/leaders…and we suspect you will be too.

Listen to BusinessCast #170 and find out what the Nation’s business thought-leader has up his sleeve.

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As your business grows, have you ever hoped, perhaps secretly, for some way to avoid those costly and time-consuming pitfalls that are a natural, but painful, part of your inevitable success? Well as it turns out, entrepreneurs just like you often confide in Robert and me a desperate need for practical ways to steer clear of common business hazards.

That’s why for BusinessCast #162, we sat down with Rick Spence to uncover today’s most common “entrepreneur bear traps” — those traps that snare even the most thoughtful, innovative, well-funded and profitable businesses.

Rick shares our passion for helping entrepreneurs achieve professional and personal success. For over 20 years, he has shared his observations and insights in many of North America’s most widely-read online and offline business publications. Together with Rick, we identify and tackle today’s “entrepreneur bear traps” in business strategy, marketing, operations, financing and human resources.

Listen to BusinessCast #162 and avoid some entrepreneur bear traps before they catch you off-guard.

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Every industry has important lessons for entrepreneurs — and one industry that often goes untapped, because of its complexity, is retail. That’s why for BusinessCast #159, we interview Lloyd Perlmutter — former Canadian President of retail giants including, The Gap, Banana Republic and Old Navy as well as EVP for Indigo Books and Music.

Lloyd cuts through the clutter associated with industry-specific dynamics and shares his insights about how the retail industry successfully tackles key business challenges such as integrating new technology, recruiting staff and harnessing the “customer mindset”. Listen to BusinessCast #159 and you’ll get some nuggets that you can use to ensure your business’ success — regardless of your industry.

Lloyd also shares his wisdom about the retail industry regularly on his blog: www.theretailthereapist.wordpress.com.

**Recommended event for business leaders/managers: Online Marketing Summit (in Houston on July 23).**

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When we chat with North America’s business leaders, we’re always focused on identifying guiding principles and practical tactics that you, as an entrepreneur, can apply to enhance your own business success. But, our guests always have unique definitions of current success and predictions for future success.

That’s why for BusinessCast #158, we launch the first in a new series: “The BusinessCast Top 10 in 10“. In each BusinessCast Top 10 in 10, two of our guests answer 10 critical business questions in the span of just 10 minutes! For the first in this new series, we turn to two recent guests: Carl Yankowski — former CEO of Sony Electronics, Reebok and Palm as well as Steve Smith, former CEO & President of WestJet and Zip Air.

**Recommended Event for business leaders/managers: Online Marketing Summit (in Chicago on June 30).**

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Not all growth is equal, nor is it all good. That means a major challenge for leaders and managers is to manage “smart growth” — the kind of growth that leads to more efficiencies, more revenues and more successes. That’s why for BusinessCast #157, we sat down with Bruce Hunter who helps entrepreneurs across all industries identify and harness growth that makes sense for them and their businesses.

Bruce, a former VP & GM at Kraft, identifies common pain points that entrepreneurs face at one of the most critical stages of their business’ development. He also provides some insights for successfully addressing these challenges. Finally, he makes available a survey to help you determine, and potentially head-off, some of these natural growing pains. Managing growth is always a challenge but, listen to BusinessCast #157 and you’ll find yourself managing growth smarter.

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