Ideas for Tomorrows Economists

You determine who you want to share your ideas with

Neurovation works just like a safe for your ideas. At any time it is up to you whether you make your ideas visible to other creative brains. Each of your ideas has the default status “private”, i.e. it is only visible to you or people which you allow to see it. If you would like to get feedback from others you can change the idea status to “public”, your idea is then put into the idea pool.

Become more visible for companies and realize your ideas

Good ideas are valuable. If you publish your ideas they are not only visible to other creative brains and like-minded people; your ideas and you as a creative person can also be interesting for companies. This may enable you to easily realize your ideas, to actively participate in the realisation of the idea or even to get a job.

Ideas for Tomorrows Economists

Socialise with like-minded people and realise your ideas

A good advice is beyond price, but not expensive. Collaborate with other people or with the whole Neurovation community when developing your ideas. On the platform you can become more visible and findable for other creative brains or companies by indicating your profession and your interests. However, persons can also be found by keywords relating to their ideas; consequently when searching for a term you will also find links to creative persons. This should help interesting persons to find each other in order to work on ideas or to jointly realise them, for instance.

Create your ideas and don’t lose sight of any flash of genius anymore

Did you ever have a flash of genius that disappeared as quickly as it came to your mind? Or you had a brilliant idea written on a napkin which you later found in scraps of paper in your laundered trousers? No matter if you have spontaneous ideas or get inspirations from others – with you have your personal virtual area in which you can store and manage all your ideas at any time. Use videos, pictures, shapes, colours and text in order to get your idea from your mind to the screen.

Ideas for Tomorrows Economists

Helpful feedback with an objective evaluation afterwards

We have developed a fair evaluation system. There are two phases when it comes to submitting ideas: the feedback phase and the evaluation phase. In the feedback phase ideas can be published, be further developed collaboratively and finally be submitted. This can be done until the end of a competition; afterwards the evaluation phase starts. Registered users can view the submitted ideas and have the opportunity to participate in the evaluation of the ideas. We are convinced that creative teams are more successful. Consequently, our points and level system fosters cooperation and the trustful handling with ideas.

Jobs and prizes as remunerations for your effort

If you or one of your ideas are found by a company this might pay off in the form of prize money or non-cash prizes. Our points and level system particularly remunerates active, creative and fair users with a high visibility on the platform. BTW: For every published idea you receive a small acknowledgement.


What is The Right Time for Business Model Change?

How would you know when is the right time for a business model change? Implementation of a core idea is not difficult. However, it is a challenge to adopt a value proposition and a new business model. The longer the wait, the vulnerable businesses become. Here are a few parameters that would help you to figure out when a business model change is required for your organization.

Not enough generation of traction from targeted customers

None of your customers would be bothered about the issues that you are trying to resolve. The customers do not care about the gains, pains and other issues you are trying to address. You have critical things to deal with when you are just setting up. Once you get some traction, you realize that it is not enough. You think of coming up with something to offer more. This is the time when you look for a business model change for diversification of the streams of your revenue.

When your value proposition is not resonating with that of your customers

This is when your customers care about your gains, pains and jobs but you are focusing on the wrong features of the product. This also occurs when you are not solving the issues of your customers appropriately. How can you create a feature that can impart value?

Your retention and acquisition strategy is not generating the growth

All your customer issues can be solved with value proposition. A problem persists when you have not found the appropriate medium for solving the issue. Figure out the issue by placing yourself in your customer’s shoes. What would you do when you end up investing more for customer acquisition?

Customers not ready to pay the price

Consider a scenario when your value proposition is being craved by your customers and you just found a critical issue to deal with. What would you do if they find the service or the product unaffordable? Would you lower the price or would generate a new revenue stream? How would you expand your market?

Threat by external forces to your business model

A wrong time would imply death of your business venture. When there a lot of competitors and when there are plenty of products available, you could be in trouble. Have you stepped into the market place early and people have to take time for adopting your value proposition? You need look for opportunities for stepping into promising markets that can promise you nothing but growth. What if the sales are declining in the market that you have just stepped into even though the segment is maturing? There is a need to figure out a reason for the decline in the sales and also to study what would the customers be willing to pay for. Political forces, laws and economic infrastructure when not in proper place can stop your business from succeeding. How can you leverage the opportunities that persist in the present environment? This is when a business model change is required.


Business model change

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