How do you stay above the fray in your industry?
One answer? R&D – Research and development, otherwise known as rip off and duplicate. Ok not exactly, but what lessons can you learn from how other businesses operate?
A critical device to stay ahead of your competition is to observe how they succeed, as well as fail. What do they do that is remarkable and truly effective? What are some pitfalls? Learn from them and utilize those strategies in your business – in an integral way, of course.
What kind of R&D are you doing? Research how your competition is performing and what their strengths are. Check out their websites, attend their conferences, speak with them. A fresh, innovative and competitive approach can only empower your business.