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The Distinction Between Innovative Leadership and Innovation

  • Innovative leadership involves creating an environment where greater inventiveness and creativity can occur
  • Inventors don’t necessarily have the expertise to manage others, but flourish under competent leaders
  • Business owners must be prepared to provide flexibility and embrace a diversified workforce
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Should Your Startup Be An Online-Only Business?

  • With shutdowns related to the COVID-19 pandemic putting major pressure on brick-and-mortar businesses, entrepreneurs may consider whether their company can feasibly operate with just an online presence
  • Advantages include minimal overhead, lower operating costs
  • Business owners must also be aware of customer expectations and greater competition in online-only sales
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Supplier Diversity Receiving More Attention Amid Pandemic, Social Justice Movements

  • Large companies with supplier diversity programs support a variety of companies, including small businesses and those run by women, minorities, or LGBTQ owners
  • Supplier diversity enhances a large company’s reputation while broadening the economic opportunities for partnering businesses
  • Diversity commitments have been receiving more attention during the COVID-19 pandemic as well as social justice movements
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How Family Time During Remote Work Can Improve Your Business Strategy

  • Having family members present while working remotely can significantly distract you from your workflow, but there are advantages to this setup as well
  • Spouses, children, and others in the household can be a surprisingly valuable resource in brainstorming and creativity
  • Spending some time with family can be a good way to spend a much-needed break
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Innovative Methods Emerging Among Utilities to Ensure Resiliency During Disruptions

  • Llewellyn King, who helped shape President Richard Nixon’s energy policy, says utilities are ripe for innovative change in the wake of COVID-19
  • Prolonged power outages after Tropical Storm Isaias also highlight the need for improved resiliency
  • Improved communications, decentralized power generation, and more battery solutions among the potential changes
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Simon Property Group Reportedly Exploring Amazon Distribution Center Partnership

  • Partnership between Simon Property Group and Amazon would allow vacant “anchor” stores to be converted to Amazon distribution centers
  • Arrangement would guarantee steady rental income for malls while assisting with “last mile” delivery for the e-commerce giant
  • Simon reports stable second quarter income despite COVID-19 shutdowns
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Keeping Your Customers by Refusing Their Cash

  • Survey finds that a large share of small businesses have stopped accepting cash and transitioned to contactless payments during the COVID-19 pandemic
  • Younger customers are more likely to accept cashless transactions and favor companies that require no direct interaction for payment
  • Two-thirds of businesses try a new approach during the pandemic, primarily involving a pivot to digital
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A Call For Open Innovation

  • Forbes Technology Council contributor says partnership models established during COVID-19 pandemic should continue in future
  • Benefits include better market research, more business opportunities, and lower R&D costs
  • Tips on how to engage in open innovation
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Small Business Owners Show Cautious Optimism In COVID-19 Impact Poll

  • Jessica Moser visits the Small Business Radio Show to discuss the latest results of a Met Life/U.S. Chamber of Commerce poll on COVID-19 impact
  • Most small businesses said they had fully or partially reopened at the time of the survey
  • Small businesses show more optimism about future revenues and ability to rehire employees
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How Small Businesses Influence Larger Ones

  • While large businesses may seem to overshadow their smaller counterparts, small businesses play a key role in influencing them
  • Small businesses have advantages over large businesses such as more free reign for innovation and less red tape
  • Small businesses and large businesses can produce harmonious relationships
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