Most business leaders agree – Innovation is the key to profitable and sustainable growth. The challenges lie in not what to do, but how to do it quicker, with less cost and reduced risk.
If you are like most businesses, you have not sat idle as competitive forces and product commoditization increased negatively impacting markets and margins. Perhaps you have enhanced your service offerings, introduced new or improved products, and/or entered new markets. Some ideas have worked while others have not. Some ideas took too long and as a result opportunities were lost, while you wish some other ideas that took time and money would have been eliminated earlier. While these challenges can cause businesses today to be more cautious – this is not the time to slow down or stop innovation. In fact, now is the best time to innovate. Many of the greatest innovations in history have occurred during times of economic slowdown.
NEPIRC can bring to your business what it takes to innovate more successfully – with less cost and reduced risk. Using proven systems and tools, our certified, experienced specialists, will help your organization seize opportunities through a diverse portfolio of professional services.
An objective assessment of your business’ capabilities and systems, benchmarked against others in your industry, may be exactly what you and your management team needs to develop a roadmap for success. Your trusted NEPIRC Business Advisor will help you determine if this is step one for your organization.
Strategy Development and Implementation
No one strategy or tactical action will get the job done. Many factors and critical inputs can and should impact the strategies and actions that will guide your business. NEPIRC will help you to select inputs such as; voice of customer survey, market research and competitive intelligence that will best support your strategic development process and enhance the output of the initiative. Our business facilitators will engage your management team and challenge your thinking. Once the plan is developed, a NEPIRC Specialist will support the implementation process to help you achieve your vision and goals.
Our innovation methodology is based on a proven system to stimulate ideas for new products, services, processes and business models to quickly evaluate which ones have the highest probability of success using a set of proven tools and business simulators. Through this process your organization will develop a pipeline of ideas for profitable growth.
Innovation Engineering Management System
The Innovation Engineering Management System (IEMS) is a proven system of tools developed through scientific inquiry –grounded in hard data and proven reliable in real world applications. Over the past 25 years, these tools were only available to big companies – Nike, Hewlett Packard, Walt Disney, Proctor & Gamble, etc. Now these services are available to all businesses through NEPIRC.
How effective is your marketing, messaging, and value propositions? The reality is that emphasizing your great quality and excellent service won’t get it done. Market Research, Competitive Intelligence, Voice of Customer Survey, Branding and Messaging Development are just some of the ways that NEPIRC can help you stay in front of the competition, differentiate your offerings, and create interest in your products and services. NEPIRC can help you to identify the critical needs of your targeted customers and how to effectively communicate your capabilities and value in your marketing messages and value propositions.
New Product Development
Building upon Idea Generation and implementing IEMS described above, your organization will be better positioned to launch new products. However, consistent results will only occur when a system and culture of innovation is in place that can develop the best ideas, eliminate the bad ideas sooner, and can commercialize products quickly and cost effectively.
The sales revenue engine of your company has many components and parts that impact performance. All components are interdependent on each other and need to be in alignment in order to achieve maximum performance. For these reasons, NEPIRC begins with a thorough assessment of your capabilities and constraints to generate sales revenues. Conducted by sales growth experts, this independent, objective assessment will become the roadmap for increased revenues and profits. If you’re considering sales training, hiring new reps, or changing your sales channels to increase sales – STOP. Let us help you to identify and prioritize what steps to take and how best to implement the actions that will get you the results you desire sooner and at a lower cost.
Find out more about one of our sales tools Solution Selling®.
Do you believe your products have international sales potential, but don’t know where to begin? Have you received international inquires, but haven’t fully capitalized on them to generate significant sales growth? Would you like to have a proactive approach to expand your international sales?
NEPIRC can help you to gain more clarity on your international sales growth opportunities and help accelerate your exporting success. Our specialists will deploy a systematic process consisting of proven tools and templates to help you to develop a simple, actionable international growth plan. We will connect you with reputable international business experts who will help you to navigate the export process saving you time and money. Now is the time to join other companies that have participated in these same services and have realized the following impacts to their businesses:
CoreValue is a program offered for business owners to understand, quantify, and improve their business. Delivered via an engaging web app, CoreValue provides a framework for the business owner to quickly identify and measure the value of their business, the drivers of that value, what’s holding them back, and how to make improvements.
NEPIRC actively aligns with existing business and grant programs to enable manufacturers to reduce the costs of their improvements. Whether its project subsidies, customized job training grants or project financing, NEPIRC’s financial initiatives are an additional value-added resource to ensure that small and mid-sized manufacturers have the tools they need to grow in northeastern Pennsylvania.
NEPIRC administers a U.S. Department of Commerce Economic Development Administration Revolving Loan Program as well as our own internal Revolving Loan Program established by our Board of Directors. Both loan programs can provide your business with term financing for machinery, equipment or other assets needed to expand your business at rates BELOW the prevailing prime lending rate.