Business today is far from
”business as usual” owing to an ever-changing business landscape that is
chaotic, fragmented, uncertain, complex and ambiguous. Traditional marketing
based on a market-driven customer orientation is failing to propel
organizations to maintain a competitive advantage needed to succeed. Successful
enterprises are now reinventing themselves and changing from a formulated marketing
approach to a marketing that is inclined towards entrepreneurship whereby an
organization re-ignites an ‘entrepreneurial spirit and actions that made them
successful in the first place. This has led to the rise of the entrepreneurial
marketing approach.
Marketing practice is now a more
innovation-oriented kind of marketing that is based on intuition, informality
and speed of decision-making in regard to assessing new ideas and responding to
market needs just like entrepreneurs do and act. Entrepreneurial marketing helps organizations to become innovative by
quickly identifying and exploring opportunities that can lead to the
development of innovative products that can help to satisfy and retain profitable customers.
Innovative organizations are also
internally characterized by an organizational culture and climate that supports
innovative ideas and enables the realization of such ideas into value-adding
products and services.
Partnerships are also becoming popular among innovative
organizations. Innovative organization in the healthcare industry are currently
going up the road of
partnerships. For example, Family
Planning Association of Malawi (FPAM) one of the ticking organizations in
Malawi’s healthcare sector has
strategic vertical alliances with
Government of Malawi and horizontal partnerships with players in the same industry such Banja La Mtsogolo, Population Services
International-Malawi, private clinics. Partnerships with direct or indirect competitors have recently proven to be good for innovation and hence good for business.
The big question that marketing managers ask on
jump starting innovation is to “have a separate innovation department or
not to?” If the process of idea
generation for an organizations
entails waiting for the Annual
General Meeting to solicit new ideas from its Departments , and there
organization has no channel of
harnessing these and further exploring the ones with the potential to become
the organization’s next innovative service or project, chances are that
organization will not see much
innovation.
Innovation does not have to be expensive. To leverage on limited resources and the available assets and expertise of others in the external environment, an organizations’s first innovation projects could be done collaboratively with others players in these networks. Before collaborating with others, it is imperative to consider aspects such as establishing whether these potential innovations are in line with the core business and the expected benefits and responsibilities of the collaborating partners as well as keeping track of whether the collaborative innovation projects are being effective or not by testing their effectiveness in small ways.
Marketing experts recommend that
every marketing function should work towards developing and embedding
innovation into their organizational
culture. This can be done through longer term strategic planning such as the
development of innovation programmes, hiring or allocating innovation manager
and short term strategy such us setting up project-based collaborative
partnerships with entrepreneurs to facilitate learning from newer and
entrepreneurial firms.
Collaborative innovation
partnerships or networks such as co-creating with customers and experts through
online forums of innovation networks such as HealthEnabled Africa can help
health sector organizations to attain new business leads, to learn about new
opportunities to collaborate on projects as well as to gain intellectual
exchange among other benefits.
Further, organizations needs to work at
improving customer relationships so that they can derive customer insights and adapt
innovations quickly to their needs.