Innovation does not require any model and those schools that teach innovation have got it wrong. Innovation is situational and has no formula. You just need to put in place a process of getting great ideas from everyone who can give you and an open policy to look into each and every idea. No one monopolises knowledge and by far, the most people with noble ideas can come from anywhere. You just cannot rely on your staff for ideas to take your company to the next level. Customers who use your products and services on a daily basis, by far,…

The news on all global top media channels from CNN to New York Times, are that old is good. More and more people are buying old phones whose prices are now increasing, and the likes of Nokia and Motorrola quietly dusting off their old production lines to make more to the market. It is a new development that is threatening the market value of smart phone makers especially Samsung and Apple. So why are people going back in time to say old is gold? Here are my expert views – things they are not telling you. After eight years as…

Taxes matter a lot and you better plan for them. Understand the different between tax evasion and tax avoidance.  Tax evasion is illegal failure to remit taxes while tax avoidance is legal. You need to plan your business and incomes to take advantage of tax avoidance schemes available. For example, income from your property is subjected to lower taxes than income from your stocks or salary that is usually charged at 30%. So, investing your savings in real estate appreciation may be better strategy. But note that rich people invest in business assets where they claim high tax savings in…